*Borrowers who authorize the automatic debit of funds from their checking or savings accounts to cover their monthly education loan payments will receive an interest rate reduction of 0.25 percentage point on their eligible Stafford Loans.  Assuming the loan is serviced by Sallie Mae, this benefit remains available during active repayment for as long as the borrower's monthly payment is successfully deducted from the borrower's account.

The borrower will pay the origination fee on Stafford Loans guaranteed 5/3/08 through 6/30/09. This fee is 1.5% for loans first disbursed through 6/30/08 and 1% for loans first disbursed 7/1/08 - 6/30/09. The borrower will pay the 1% federal default fee unless your guarantor pays it for you.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

Subject to the above, borrower benefits are effective for Stafford Loans June 9, 2008 through June 30, 2009.

Sallie Mae and Champions for Higher Education. are registered service marks of Sallie Mae, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. ©2008 Sallie Mae, Inc. (6/08)