NCHELP Publishes Frequently Asked Questions on HERA
The National Council of Higher Education Loan Programs (NCHELP) recently issued a table of frequently asked questions about the Higher Education Reconciliation Act of 2005. This guidance includes “best practices” responses that are endorsed by NCHELP, EFC and SLSA. >>Click here to read more on best practices.
Default Fee Update
Do you want to know which lenders are buying down origination and/or default fees for student borrowers? If so, you are in luck because OLAC recently updated its spreadsheet to identify the Oklahoma market lenders who are paying the origination and/or federal default fees on behalf of borrowers. >>Click here to view spreadsheet and learn how the default fee is reported on NOLGs.
New Interest Rates for Federal Stafford and PLUS Loans
Effective July 1, 2006, the new interest rates on federal student loans are as follows. >>Click here to read more on new interest rates.
OGSLP’s Annual Conference a Success!
The mission is complete! The OGSLP Annual Conference was held on June 1 at the Reed Center in Midwest City. Many thanks to everyone who joined us for this action-packed mission! >>Click here to read more on conference and view photos.
Tuesday, July 4, 2006
OGSLP will be closed on Tuesday, July 4, for Independence Day. Our offices will resume business as usual on Wednesday, July 5.