[Lender] Department of Education (ED) to host two new liquidity Webinars

[Edington, Rick]

The Department of Education (ED) has announced two new Webinar offerings
regarding their liquidity programs. The first Webinar will include
provisions of the Master Participation Agreement covering terms and
conditions of the Loan Participation Purchase Program. The second
Webinar will focus on the Master Loan Sale Agreement associated with the
Loan Purchase Commitment Program. Information and registration
<http://federalstudentaid.ed.gov/ffelp/library/WebinarInvitationII071608
Final.doc>  are available on ED's ECASLA site. 
Additionally, ED has published a Federal Register notice
<http://edocket.access.gpo.gov/2008/pdf/E8-16241.pdf>  regarding the
deadline extension for filing a Notice of Intent to Participate in the
Loan Participation Purchase Program and/or the Loan Purchase Commitment
Program. The original deadline of 7/16/08 has been extended to 7/31/08.
Lenders who file an intent with ED by the deadline preserve the right to
sell loans made on or after 5/1/08. Filing a Notice of Intent beyond the
deadline will limit loans that can be sold to those made on or after the
date ED receives the Notice of Intent from the lender. The Register
notice also includes the revised Notice of Intent to Participate form.
As a reminder, lenders that filed the originally published Notice of
Intent form do NOT need to re-file. 
OGSLP will continue to keep you updated regarding these important
programs.
Rick

Rick Edington
Director for School/Lender Services, Default Prevention & Outreach
Oklahoma Guaranteed Student Loan Program
A division of the Oklahoma State Regents for Higher Education
P.O. Box 3000
Oklahoma City, OK  73101-3000
405-234-4333  fax: 405-234-4551

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