[Oasfaa] OTAG Funds Availability Situation / Timely OTAG Reporting

[Joyner, Shiela]

Good Afternoon,

You should be aware that at this time all funds available for 2002-2003 OTAG awards are committed, and our ability to process additional new awards in the fall semester is dependent on the volume of additional award cancellations.   Unless a significant number of award cancellations are reported,  you should expect additional awarding to be very limited --  possibly limited to just transfers and reinstatements of awards already approved.

The timeliness of schools completing and submitting their Confirmation Reports, identifying students who should receive their scheduled disbursements and those whose awards should be cancelled as well as completing and submitting their disbursement reporting will determine the timeliness of OTAG's ability to make any additional funding decisions.

When you receive a Confirmation Report, complete and return the report as quickly as possible, and at this point in the semester, you must address each student included in your report.  

When you receive an OTAG Disbursement Report and funds, please mark your calendar for the due date that is included in the information sent by OTAG and make every effort to meet or, if you can, beat that deadline.  Schools are allowed up to 30 days to complete the disbursement of OTAG funds and submit their completed Disbursement Report along with all unissued funds.  We need to have knowledge of all funds available for recommitment without delay, and we are asking for your assistance in completing your disbursement reporting and returning unissued funds as quickly as possible.

Thank you in advance for your assistance and cooperation in submitting timely OTAG reporting.

***********************
Shiela Joyner, Director
Oklahoma Tuition Aid Grant Program
Oklahoma State Regents for Higher Education
P. O.  Box 108850
Oklahoma City, OK 73101-8850
Internet:  sjoyner at otag.org
Voice: (405) 225-9456    Toll Free (877) 662-6231
Fax: (405) 225-9392