[Lender] OU's 06-07 Stafford and PLUS Processing

[Mc Conahay, Pamela K.]

Just wanted to give everyone an update that we've started transmitting
6-07 Stafford Loans for guarantee & print this week.  We let our 06-07
loans stack up so students could get all the fee breaks possible,
including those that didn't start paying the O fee until 5/1/06.  We
think we'll be caught up on transmitting our backlog by today.  
 
We had also been holding PLUS certifications awaiting resolution of some
of our software issues on Grad PLUS.  Since we're not able to certify
Grad/PLUS until July 1 anyway, we've decided to stop holding these PLUS
loans and get on with processing them.  
 
We know you've had some frustrated parents tell you that "OU doesn't
have any record of my PLUS Loan" because we hadn't loaded the cert
requests to our system.  We're sorry about that.  We also know that
we've had some parents apply multiple times for 06-07 PLUS because they
think the original application didn't go thru----we're going to check
for duplicate applications during the certification process.  Anyway,
you should start seeing PLUS certifications for 06-07 coming from us
starting next week.  
 
Pam McConahay 
Assoc. Dir., Compliance, Training & Lender Relations 
University of Oklahoma Financial Aid Services 
1000 Asp Avenue, Room 216 Norman OK 73019-4078
(405) 325-4617  Fax (405) 325-7608 
pmcconahay at ou.edu 

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