Online News
OGSLP
Online News
September
5, 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.
(405) 234-4329 or (800) 247-0420.
Smart Start moves to OGSLP: OGSLP is pleased to announce that the Smart Start program, a community service program which is part of the Oklahoma State Regents' Brain Gain 2010 initiative and also supported by AmeriCorps, joined the OGSLP family recently.
New Lender Reporting System (LaRS) replaces ED Form 799: The Department of Education (ED) is ready to implement the new online Lender Reporting system (LaRS) which replaces the existing ED Form 799 process. The new process allows lenders and servicers to electronically report origination and lender loan fees, interest and special allowance earned, and the composition of their loan portfolios to ED. They are also hopeful that turnaround times for billings will be quicker with the new process. Lenders will be required to use the new system for the billing period for the July - September 2002 quarter.
Common Manual Update: The August version of the Integrated Common Manual (ICM) is now available for downloading to your desktop. This version contains the most recent policy changes approved by the Governing Board.
Cohort Default Rate Update: The Department of Education (ED) is implementing a new initiative called the Electronic Cohort Default Rate (eCDR) Notification. This initiative will allow for instant delivery of the draft and official cohort default rate packages to schools instead of the current paper process.
Mapping Your Future Chat Event & OGSLP Default Prevention Update: Mapping Your Future, a public service web site providing college, career, and financial aid information and services, will offer a "Deferments, Forbearances & Default Prevention" Chat on September 12, 2002, from 2 to 3 p.m. (central time).
|