[Oasfaa] lender question

[Daniel Watkins]

Would you mind sharing what you learn? I have yet to figure out the best
possible solution as well. I would greatly appreciate it! Thanks in advance!

Daniel

On Mon, Apr 14, 2008 at 1:27 PM, Jonna Raney <Jonna.Raney at okbu.edu> wrote:

> I'd like to know what schools are going to do about current students who
> have a loan with a lender (i.e. SLXpress or others) who is opting out of the
> FFEL program when it comes time to certify their loan for 0809.  My guess is
> that we will have to inform the student that their lender is not
> participating any longer and have them choose another lender and complete
> another mpn.  Is that correct?   If so, are you going to try to include that
> info on the award letter or wait until they accept the loan and then notify
> them?
>
> Then that leads to a the question about consolidation for these students
> because they have now been forced into a multiple lender situation, but
> their choices for consolidation are dwindling daily as well.  What, if
> anything are you going to tell them about the predicament that their helpful
> law makers has created for them?
>
> I'm so glad the legislators in Washington helped the students!  It seems
> to be that the students are only getting hurt with all the changes.... I
> know I'm preaching to the choir, but I needed to vent a little.  :-)
>
> Thanks in advance for any feedback,
> Jonna
>
>
>
>
>


-- 
Daniel Watkins
Financial Aid Director
Southwestern Christian University

e-mail: daniel.watkins at swcu.edu
voice: (405) 789-7661 x3456

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