[Lender] OU's 2nd Disbursement for 2001-2002

[Mc Conahay, Pamela K]

> 		Dear Lenders:  
> 
> 		The University of Oklahoma will close for the holiday break
> at 5 p.m., Friday, December 21, 2001 and 
> 		reopen on Wednesday, January 2, 2002.    
> 
> 		PLEASE DO NOT SEND ANY EFT ROSTER DATA TRANSMISSIONS OR MAKE
> ANY DEPOSITS 
> 		TO OUR EFT ACCOUNT AFTER 5 P.M. THURSDAY, DECEMBER 20.
> (Because we actually process your roster data at night in a batch process,
> anything you transmitted on Dec. 21 would sit idle until January 2.)  You
> can resume regular transmission & deposits on Wednesday, January 2, 2002.
> 
> 
			We have scheduled our Stafford Loan second
disbursement of the 8/20/01 to 5/10/02
			loan period for January 2, 2002.  The first day of
classes for the Spring 2002 semester
			is January 14, 2002.    

> 		The Financial Aid  office, Bursar and  Computing Services
> personnel WILL be open &
> 		available to receive the January 2nd disbursement on that
> day.  So, if you should experience any difficulties
> 		during that big transmission of roster data, please call
> Mary Ellen Tasier in our Bursar's office at (405) 325-1666.
> 		Mary Ellen can monitor our mainframe system to determine
> whether the roster file has been successfully 
> 		received in our mainframe, and she is also the person to
> contact if you have concerns regarding the actual depositing 
> 		of funds into our EFT account.  
> 
			Because of system batching schedules, we are aware
some lenders may not be ready to disburse funds on January 2.   If you need
to delay your transmission until January 3 for this reason, please advise me
& Mary Ellen (mtasier at ou.edu) via e-mail so we will not be concerned if your
data/funds are not received on January 2.  We would prefer to receive
disbursements January 2 if possible to allow us sufficient time to review
any disbursements that trip one of our EFT edits (overaward, etc.) and
resolve the problem before the end of business on Friday, January 4.  This
would enable us to have as many disbursements ready for the students on
Monday, January 7 as possible.  

> 		 Because our Spring 2002 semester does not begin until
> January 14, we cannot request EFT funds before January 2 (13 days), and we
> will begin releasing funds to students on Monday, January 7.   (We will
> resume our daily ACH transmissions of cash disbursements to student bank
> accounts on Tuesday, January 8.  This has nothing to do with Stafford Loan
> EFTs, but it might be helpful for teller staff, etc., at your bank to
> know.)    
> 
> 		I hope you will join all of us in rooting for the OU Sooners
> as they play the Arkansas Razorbacks in the Cotton Bowl on Fox TV at 10:00
> A.M. Central Time, New Years Day.    Sadly, our hope for the Rose Bowl
> didn't happen, but better playing in the Cotton Bowl than the Toilet Bowl.
> 
> 
> 		Please share this information with your operations staff
> and/or disbursement service personnel.  Please feel free to call me at
> (405) 325-4617 if you have any questions.
> 
> 		Pam McConahay
> 		Asst Dir., Compliance & Support Svcs
> 		University of Oklahoma Financial Aid Services
> 		731 Elm, Rm 125, Norman OK 73019-2111
> 		(405) 325-4617, fax (405) 325-7608
> 		pmcconahay at ou.edu 
>