Assumptions: Assumes a February, 2008, Prime Rate of 6.50%, a $10,000 loan with two disbursements (one on September 1 and another on January 2), 45 months in school, 6 months grace and a 15-year repayment term. Auto debit interest rate reduction is NOT included in these assumptions.

*Interest rate reduction of .50 percentage point is available during active repayment for as long as the borrower's monthly payment is successfully deducted from the borrower's bank account. Loans eligible for the auto debit benefit must be first disbursed June 1, 2007 through May 31, 2008.

**Unpaid interest that accrues while you are in school will be capitalized (added to your loan amount) at repayment.

***Funding Pledge and Price Advantage are available for standard Signature Student Loans originated with school certification and first disbursed on or after June 1, 2007. Both remain available for six subsequent academic years (academic year end is May 31) subject to continued eligibility (e.g., a loan with the Funding Pledge and Price Advantage that is first disbursed August 1, 2007 will have the Funding Pledge and Price Advantage expire on May 31, 2014). Not available at all schools. Not available for Signature Student Loans made under a Signature program exception. Borrower, cosigner and school must continue to meet eligibility requirements. Aggregate dollar limits apply.

To qualify for our Price Advantage, you must take out a loan with a creditworthy cosigner. If you do, then you will have the Price Advantage for any subsequent loans with the same cosigner that are first disbursed on or after June 1, 2008. Here's how it works. All such loans will have an interest rate that is a variable rate based on the value of an index plus a margin. The frequency of interest rate changes will be specified. All such loans may also have loan fees at disbursement and at repayment. With Price Advantage, when you apply for a subsequent loan with the same creditworthy cosigner, we will consider two different options, and will offer you and your cosigner the loan that will have the lowest disclosed APR. The first option will be a loan with the same index, margin, frequency of interest rate changes, and loan fees as your first loan. The second option will be a loan with the same index and frequency of interest rate changes, but with a margin and loan fees based on the better of your or your cosigner's current credit score. In each case, all of the other terms of your loan will be the same terms currently available. Those terms will affect the total charges for the subsequent loan. Keep in mind that even if we offer you a loan with the same index, margin, frequency of rate changes, and loan fees as your first loan, your initial interest rate on that loan may differ from your initial interest rate on your first loan if the value of the index has changed. For example, if the index is the Wall Street Journal Prime Rate, and the Prime Rate has increased since you took out your first loan, your initial interest rate on your subsequent loan will be higher than your initial interest rate on your first loan.

****Creditworthy borrowers may request a cosigner release after making the first 24 consecutive, on-time payments of principal and interest.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE.

Signature Student Loans are funded by Sallie Mae Bank^® or a Sallie Mae lender partner. Sallie Mae, Sallie Mae Bank, and Signature Student Loan are registered service marks and Champions for Higher Education, Manage Your Loans, and Sallie Mae Advantage are service marks of Sallie Mae, Inc. Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. Copyright 2007 by Sallie Mae, Inc. All rights reserved.