Online News
OGSLP
Online News
February
25 , 2002
OGSLP Online News
is sponsored and operated by the Oklahoma Guaranteed Student Loan Program,
a division of the Oklahoma State Regents for Higher Education. This electronic
newsletter provides information to schools and lenders participating in
the Federal Family Education Loan Program.
President Signs 2003 Interest Rate Bill: On February 8th, President Bush signed S. 1762 into law. The bill was designed to preserve the current FFELP interest rate index, which now provides borrowers the lowest interest rates in the history of the FFEL Program, for an additional three years.
Revised NEW HRD Form Available With 2002 Poverty Guidelines: The Economic Hardship Deferment form (NEW HRD) has been updated with the 2002 poverty guidelines.
FY 2000 Draft Cohort Default Rates Mailed by ED: On February 11, 2002, the U.S. Department of Education (ED) mailed schools their FY 2000 draft cohort default rates. Schools have the opportunity to review and comment before rates are finalized and released publicly later this year. These draft rates have only been released to schools.
2002 Negotiated Rulemaking Update: The 2002 Negotiated Rulemaking process is well underway. As we discussed in a recent Online News article there are two teams involved. Team I will address "Student Loan Issues" and Team II will address "Program and Other Issues." Both of these teams did meet in January and during the first sessions identified items that could be classified as a "quick fix" as well as those items that should be held for "full discussion."
Common Manual Update: We hope that many of you have taken the opportunity to use the new Integrated version of the Common Manual (ICM) that OGSLP discussed in a recent Online News article. The January version of the ICM is now available for downloading.
The Common Manual Governing Board recently approved changes that modify policies contained in the July 2001 version of the Common Manual. These changes are identified in OGSLP's Common Manual Update (CM-60).
OGSLP Annual Conference: OGSLP is making plans for it's Fourth Annual Conference. We expect this one-day conference to occur mid to late June, 2002. As we continue to plan for this conference, we definitely want input from our clients to enable us to design a conference that meets your needs.
If you have any questions
regarding these articles, please contact OGSLP's Client Relations Department
at
(405) 234-4329 or (800) 247-0420.