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<TITLE>Funds Available and Options to be Considered for Additional OTAG Awards for Spring 2008</TITLE>
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<P><FONT SIZE=2 FACE="Trebuchet MS">With fall 2007 OTAG Award Claim Forms now processed and finalized, and the November 30 deadline for wrapping up fall 2007 OTAG disbursements approaching, it is apparent that uncommitted OTAG funds will be available to accommodate additional awards for the Spring 2008 semester. Based on an OTAG policy change approved recently by the State Regents, we will have the option of not only extending the FAFSA receipt date cutoff beyond 4/30/07 but also extending the EFC cutoff above 1500. The revised awarding schedule approved by the State Regents at their October 2007 meeting is attached for your information.</FONT></P>
<P><FONT SIZE=2 FACE="Trebuchet MS">To clarify, these additional awards will be for the Spring 2008 semester only and will not include funding for the fall 2007 semester. As of today, it appears that available funds will be in the neighborhood of $1.8 million which will accommodate an estimated 3,600 students for single-semester awards.</FONT></P>
<P><FONT SIZE=2 FACE="Trebuchet MS">Attached is a quick survey requesting input from participating institutions for our use in deciding the appropriate approach for expanding the OTAG awards pool for Spring 2008. Please take a few minutes to complete and submit your completed survey to the OTAG office by either e-mailing it to<B></B></FONT><B></B><B> </B><A HREF="mailto:reports@otag.org"><B><U><FONT COLOR="#0000FF" FACE="Times New Roman">reports@otag.org</FONT></U></B></A><B></B><B></B><B></B><B><FONT FACE="Times New Roman"></FONT></B> <FONT FACE="Times New Roman">or faxing it to 405.225.9392. Since we are committed to announcing a decision regarding Spring 2008 awards by December 5, we are asking for your completed surveys no later than close of business on Friday, November 30.</FONT></P>
<P><FONT SIZE=2 FACE="Trebuchet MS">Please contact our office at 405.225.9456 or toll free 877.662.6231 or send e-mail to</FONT><B></B><B></B><B> </B><A HREF="mailto:reports@otag.org"><B><U><FONT COLOR="#0000FF" FACE="Times New Roman">reports@otag.org</FONT></U></B></A><B></B><B></B><B></B><B><FONT FACE="Times New Roman"></FONT></B> <FONT SIZE=2 FACE="Trebuchet MS">if you have questions or require more information regarding the attached award payment schedule or survey.</FONT></P>
<P><FONT FACE="Arial" SIZE=2 COLOR="#000000"> <<2007_AWD_PAY_SCHED_FLAT RATE_EFC_FINAL_1007.doc>> </FONT> <FONT FACE="Arial" SIZE=2 COLOR="#000000"> <<Quick Survey_OASFAA_1107.doc>> </FONT>
<BR><FONT FACE="Century Schoolbook">***********************</FONT>
<BR><FONT FACE="Century Schoolbook">Shiela Joyner, Director</FONT>
<BR><FONT FACE="Century Schoolbook">Oklahoma Tuition Aid Grant Program</FONT>
<BR><FONT FACE="Century Schoolbook">Oklahoma State Regents for Higher Education</FONT>
<BR><FONT FACE="Century Schoolbook">P. O. Box 108850</FONT>
<BR><FONT FACE="Century Schoolbook">Oklahoma City, OK 73101-8850</FONT>
<BR><FONT FACE="Century Schoolbook">Internet: sjoyner@otag.org</FONT>
<BR><FONT FACE="Century Schoolbook">Voice: (405) 225-9378 Toll Free (877) 662-6231</FONT>
<BR><FONT FACE="Century Schoolbook">Fax: (405) 225-9392</FONT>
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