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<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>A first year
student who is a first time borrower may not receive <st1:place w:st="on">Stafford</st1:place>
loan proceeds until the student has completed 30 days of their academic
program.&nbsp; Therefore, if this student attended in Fall, returned in Spring
and borrowed for the first time in the Spring, a 30 day delay of delivering
loan proceeds is not necessary since the student has already completed at least
30 days of their academic program.</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>&nbsp;</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>Thank you and have
a great day.</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>&nbsp;</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>Ed Schroeder</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>Director of
Financial Aid</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><st1:place w:st="on"><st1:PlaceType
 w:st="on"><font size=2 face=Arial><span style='font-size:10.0pt;font-family:
  Arial'>University</span></font></st1:PlaceType><font size=2 face=Arial><span
 style='font-size:10.0pt;font-family:Arial'> of <st1:PlaceName w:st="on">Arkansas</st1:PlaceName></span></font></st1:place><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>114 Hunt Hall</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><st1:place w:st="on"><st1:City
 w:st="on"><font size=2 face=Arial><span style='font-size:10.0pt;font-family:
  Arial'>Fayetteville</span></font></st1:City><font size=2 face=Arial><span
 style='font-size:10.0pt;font-family:Arial'>, <st1:State w:st="on">AR</st1:State>&nbsp;
 <st1:PostalCode w:st="on">72701</st1:PostalCode></span></font></st1:place><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>479/575-3277</span></font><o:p></o:p></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>edward@uark.edu</span></font><o:p></o:p></p>

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