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<p class="MsoNormal"><span style="font-size:12.0pt;color:black">Good afternoon FA Users!</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black">We've updated all
<b>OY</b> Loan Debt Letters to reflect the actual interest rates announced by federal student aid in the announcement referenced below.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt"><span style="font-size:12.0pt">DL Interest Rates for 2022-23
<a href="https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2022-05-24/interest-rates-direct-loans-first-disbursed-between-july-1-2022-and-june-30-2023">
<span style="color:#64B4FA">https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2022-05-24/interest-rates-direct-loans-first-disbursed-between-july-1-2022-and-june-30-2023</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> </span><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;color:black">IMPORTANT </span>
</b><span style="font-size:12.0pt;color:black">Go to your <b>OY</b> Run Control ID to confirm that the new interest rate displays on the OY letter option. If you see an old interest rate, you may need to jiggle your OY Run Control.
<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black;background:yellow">Please take the following steps to jiggle your
<b>OY</b> Loan Debt Letter Run Control ID.</span><o:p></o:p></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoNormal" style="color:black;mso-list:l0 level1 lfo1"><span style="font-size:12.0pt">Navigate to
<u>Navigator > HighPoint > Message Center > Processes > Send Messages</u></span><o:p></o:p></li><li class="MsoNormal" style="color:black;mso-list:l0 level1 lfo1"><span style="font-size:12.0pt">Select your
<b>OY Loan Debt Letter</b> <b>Run Control ID</b></span><o:p></o:p></li><li class="MsoNormal" style="color:black;mso-list:l0 level1 lfo1"><span style="font-size:12.0pt">Select the
<b>blank option</b> on the <i>Letter</i> dropdown menu</span><o:p></o:p></li></ol>
<p class="MsoNormal" style="text-indent:.25in"><span style="font-size:12.0pt;color:black"><img border="0" width="825" height="543" style="width:8.5937in;height:5.6562in" id="_x0000_i1026" src="cid:image002.png@01D887C9.CF5A0870" alt="cid:807f041e-58fc-465f-9d80-120f2f70cb86"></span><o:p></o:p></p>
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<li class="MsoNormal" style="color:black;mso-list:l1 level1 lfo2"><span style="font-size:12.0pt">Re-select the
<b>Loan Debt Letter OY</b>, confirm the text now says, “4.99%,” then click <b>Save</b>.</span><o:p></o:p></li></ol>
<p class="MsoNormal" style="text-indent:.25in"><img border="0" width="876" height="510" style="width:9.125in;height:5.3125in" id="Picture_x0020_1" src="cid:image007.png@01D887C9.751A3E20"><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black">For more information on the Loan Debt Letter, please look at the
<i>Loan Debt Letter</i> section in the <i>Loan Processing Guide</i> (</span><a href="https://ctclinkreferencecenter.ctclink.us/m/92436/l/798572-loan-processing-business-process-guide">Loan Processing Business Process Guide | 9.2 FA - Financial Aid Business
Process Guides | ctcLink Reference Center</a>)<o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black">Thank you!</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> </span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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Facio<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><b><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif;color:#44546A">Functional Analyst, Campus Solutions (Financial Aid)<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif">Washington State Board for Community and Technical Colleges<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif">1300 Quince Street SE<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif">Olympia, WA 98504-2495<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif;color:#1F497D"><a href="mailto:mfacio@sbctc.edu"><span style="color:#0563C1">mfacio@sbctc.edu</span></a></span><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif;color:#003561">
</span><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif;color:#1F497D">• o:
</span><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif">360-704-1836<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif;color:#1F497D"><a href="https://www.sbctc.edu/"><span style="color:#0563C1">sbctc.edu</span></a></span><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif;color:#003561">
</span><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif;color:#1F497D">•
</span><span style="font-size:10.0pt;font-family:"Calibri Light",sans-serif">Twitter:<span style="color:#003764">
</span><span style="color:#1F497D"><a href="https://twitter.com/SBCTCWashington"><span style="color:#0563C1">@SBCTCWashington</span></a></span><span style="color:#003764">
</span><span style="color:#1F497D">• </span>Facebook:<span style="color:#1F497D">
<a href="https://www.facebook.com/wasbctc/"><span style="color:#0563C1">@WASBCTC</span></a></span></span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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