[Lender] Importance of Filing Notice of Intent to Participate in 2009-2010 Loan Purchase Programs Prior to May 1, 2009

[Edington, Rick]

In order to preserve the right to participate in ED's 2009-2010
liquidity programs (Participation Purchase or Loan Purchase Commitment),
lenders are required to submit a new Notice of Intent to Participate
form.  This requirement applies to all interested lenders, regardless of
past participation in the programs.  To ensure that all 2009-2010 loans
are eligible for inclusion, lenders should submit their notice of intent
prior to May 1, 2009.   A Notice of Intent to Participate received after
May 1, 2009 limits eligible loans to only those where the first
disbursement date was made on/after the date ED receives the notice.


Further details and submission instructions are available via the link
below:  

http://www.federalstudentaid.ed.gov/ffelp/library/EA56.doc


We will continue to keep you updated regarding these important liquidity
programs.  Please let me know if you have any questions. 

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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