GUARANTY AGENCY NOTICE

GUARANTY AGENCY FINANCIAL REPORT (GAFR)

AMENDED ANNUAL REPORTING

October 2005

In FY 2004, Federal Student Aid (FSA) required that any proposed

amendments to the Annual GAFR report, after acceptance of the original
document, must be submitted to FSA for review prior to submission via the
Oracle web application.

This notice is a reminder that no amended annual reports should be entered

into the Financial Management web application prior to FSA’s review and
acceptance of the proposed amendment. Proposed amendments that affect
the prior fiscal year’s Federal Fund balance will not be accepted in the
current fiscal year. These adjustments will have to be made in the next fiscal
year. Proposed amendments that do not affect the Federal Fund balance and
are accepted by FSA may be entered into the Oracle web application in the
current fiscal year.

Proposed amendments should be submitted via e-mail to FSA_GAR@ed.gov

If you have questions regarding this notice, please contact us at

FSA_GAR@ed.gov

Thank you for your cooperation and assistance.