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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I was in a Program Integrity Session with Jamie Malone, a training officer for ED, and she made reference to this. We had never done this. So, I wanted to
make certain I understood her correctly. I emailed her and this was her response.
<o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></i></p>
<p class="MsoNormal" style="margin-left:.5in"><i><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">“</span></i><i><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">A student may borrow a full annual loan
limit in one semester if that semester's cost of attendance is high enough to allow it, when taking into account other aid he receives for the semester.”</span></i><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">We have done it a few times since that point but only in unique situations. I have them sign stating that they understand they are using their annual loan limit
and are not eligible for any additional loans from any school until after July 1.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I hope this helps.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><i><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#002060"><img width="325" height="50" id="_x0000_i1026" src="cid:image002.jpg@01CEEA8B.0E7363C0" alt="OWU Email Signiture_Financial Aid"></span></i><i><span style="font-family:"Calibri","sans-serif";color:#002060"><o:p></o:p></span></i></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Arial","sans-serif";color:#900009"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#842025">Kandi Molder</span></b><b><span style="font-size:13.5pt;font-family:"Arial","sans-serif";color:#9D0B0F"><br>
</span></b><span style="font-size:13.5pt;font-family:"Helvetica","sans-serif";color:black"><br>
</span><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#868686">Director of Financial Aid<br>
Oklahoma Wesleyan University<br>
</span></b><b><span style="font-size:13.5pt;font-family:"Arial","sans-serif";color:#848484">___________________________________</span></b><b><span style="font-size:13.5pt;font-family:"Arial","sans-serif";color:black"><br>
<br>
</span></b><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#878787">2201 Silver Lake Road Bartlesville OK 74006<br>
Office: 918.335.6237 Fax: 918.335-6811<br>
</span></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#002060"><a href="http://www.okwu.edu/"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">www.okwu.edu</span></b></a></span><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#878787">
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> oasfaa-bounces@lists.onenet.net [mailto:oasfaa-bounces@lists.onenet.net]
<b>On Behalf Of </b>Schmerer, Mendy M. (HSC)<br>
<b>Sent:</b> Tuesday, November 26, 2013 8:49 AM<br>
<b>To:</b> Jonna Raney; oasfaa@lists.onenet.net<br>
<b>Subject:</b> Re: [Oasfaa] Loan question<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">In Volume 3, Chapter 1, page 18, check out the “special rule” in regard to your cohort default rate and the way your academic periods are structured. In that first sentence,
it does address what you <i>may</i> do, but again, it depends on the term structure.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Even if you can do it, how does she intend to pay for the rest of the year? We all know the “I’ll figure that out later” response isn’t good enough! I’d be pretty hesitant
to allow her to do this too.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Mendy Schmerer<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Assistant Director<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Office of Student Financial Aid</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">University of Oklahoma Health Sciences Center</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">1106 N. Stonewall, Rm 301</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Oklahoma City, OK 73117</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">(405) 271-2118, x 48817 (p)</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">(405) 271-5446 (f)</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><a href="mailto:Mendy-Schmerer@ouhsc.edu"><span style="font-size:10.0pt">Mendy-Schmerer@ouhsc.edu</span></a></span><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">
</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><a href="http://www.ouhsc.edu/financialservices/SFA/">http://www.ouhsc.edu/financialservices/SFA/</a>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<a href="http://www.facebook.com/OUHSCFinancialAid">www.facebook.com/OUHSCFinancialAid</a>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">
<a href="mailto:oasfaa-bounces@lists.onenet.net">oasfaa-bounces@lists.onenet.net</a> [<a href="mailto:oasfaa-bounces@lists.onenet.net">mailto:oasfaa-bounces@lists.onenet.net</a>]
<b>On Behalf Of </b>Jonna Raney<br>
<b>Sent:</b> Tuesday, November 26, 2013 8:32 AM<br>
<b>To:</b> <a href="mailto:oasfaa@lists.onenet.net">oasfaa@lists.onenet.net</a><br>
<b>Subject:</b> [Oasfaa] Loan question<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black">I have a student who owes a large fall balance. She has requested to use her full Stafford Elig for fall only. I've explained the ramifications of doing that (no loan elig for remainder
of year) but since she is not graduating in December, technically, she can do that, right? We don't do this normally, but if I say no, am I denying her funds for which she has requested and is eligible?<br>
<br>
Thanks in advance for your help. Come on Thanksgiving break!<br>
<br>
Jonna<o:p></o:p></span></p>
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