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Greetings, </div>
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<b><u>Sequestration Loan Item Types (NEW FEE) AY 2022-2023</u></b></p>
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Per the Electronic Announcement from DoE released May 19, 2022, loan fee rates for loans disbursed on or after Oct. 1, 2022 and before Oct. 1, 2023 remain the same at 1.057%. Our recommendation is to not use the New Fee Item Types for AY 2022-2023 and that
the sequestration process does not need to be utilized to convert loans that have not disbursed prior to Oct. 1, 2022.</p>
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Link to the EA: <a href="https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2022-05-19/fy-23-sequester-required-changes-title-iv-student-aid-programs" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-linkindex="0" style="margin:0px">https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2022-05-19/fy-23-sequester-required-changes-title-iv-student-aid-programs</a></p>
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<img width="76" height="142" align="left" alt="Compass" style="margin:0px;animation:0.1s ease-out 0s 1 normal none running ADIae8OJIAQSicd3qKkv;width:0.7916in;height:1.4791in;cursor:pointer;min-height:auto;min-width:auto" data-outlook-trace="F:1|T:1" src="cid:e6440a9b-a76a-430b-a0e5-ff93018dbe31"><b><span style="margin:0px;font-size:14pt;font-family:"Calibri Light", sans-serif;color:rgb(68, 84, 106)">Britney
Corbitt</span></b></p>
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<b><span style="margin:0px;font-size:10pt;font-family:"Calibri Light", sans-serif;color:rgb(68, 84, 106)">Functional Analyst, Campus Solutions (Financial Aid)</span></b></p>
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<span style="margin:0px;font-size:10pt;font-family:"Calibri Light", sans-serif">Washington State Board for Community and Technical Colleges</span></p>
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<span style="margin:0px;font-size:10pt;font-family:"Calibri Light", sans-serif">1300 Quince Street SE</span></p>
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<span style="margin:0px;font-size:10pt;font-family:"Calibri Light", sans-serif">Olympia, WA 98504-2495</span></p>
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o:<span> </span></span><span style="margin:0px;font-size:10pt;font-family:"Calibri Light", sans-serif">360-704-1841</span></p>
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