1.  If the Undersigned participates in either of the programs, it will
    continue to originate or acquire FFELP loans made to students and
    parents.

2.  If the Undersigned participates in the Loan Participation Purchase
    Program, it will sell, from time to time, participation interests in
    FFELP loans to the Department of Education with an aggregate unpaid
    principal balance of not less than \$50,000,000 in loans either held
    by such eligible lender or aggregated with other FFELP loans held by
    one or more eligible lenders. Note that there is no minimum for the
    Loan Purchase Commitment Program.

3.  The Undersigned acknowledges that it shall not be permitted to sell
    FFELP loans or participation interests therein to the Department of
    Education with respect to which the first disbursement was made
    prior to the date on which the Department of Education receives this
    Notice of Intent to Participate, except that, if the Department of
    Education receives this Notice of Intent to Participate by July 31,
    2008 the Undersigned shall be permitted to sell to the Department of
    Education FFELP loans or participation interests therein, as
    applicable, where the first disbursement of the loan(s) was made on
    or after May 1, 2008.

For the purpose of item 3 above, the Department of Education will return
to the Undersigned, via electronic mail (e-mail), information indicating
the date the Notice of Intent to Participate was received by the
Department of Education.

The Department of Education has provided that it will accept signed
copies of this Notice of Intent sent as a PDF attachment via e-mail at
the address below.

The Undersigned is aware that it must refer to the Federal Register
Notice and to the agreements referred to therein for a complete
description of the terms and conditions under which the Department of
Education will administer the Loan Purchase Programs. The Undersigned
also is aware that in order to participate in the Loan Purchase programs
it must execute a Master Agreement for the respective program. If the
Undersigned is a beneficial holder of FFELP loans, include on this form
the LID(s) under which it operates. If the Undersigned, as an eligible
lender trustee, files this Notice on behalf of its beneficial holders of
FFELP loans, include the name and LID of each of those beneficial
holders.

This Notice of Intent to Participate is hereby executed and dated as of
the date first listed above.

By executing this Notice of Intent, the Undersigned now possesses an
option to participate in the Loan Purchase Program or Programs indicated
by the Undersigned above.

The Undersigned asks that the Department of Education please direct all
inquiries and correspondence relating to these programs to:

\[UNDERSIGNED NAME AND LENDER ID NUMBER (LID)\]

> \[ELIGIBLE LENDER TRUSTEE NAME OR BENEFICIAL HOLDER NAME, IF ANY AND
> LIDS\]\
> \[STREET ADDRESS\]\
> \[CITY\], \[STATE\] \[ZIP\]

Attention of: \[NAME\], \[TITLE\]

By Phone - \[XXX-XXX-XXXX\]

By Fax -- \[XXX-XXX-XXXX\]

By E-mail -- \[email address\]

> \[NAME OF ENTITY\]
>
> By:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
>
> Name:
>
> Title:

The completed, signed, and dated Notice of Intent to Participate should
be sent as a PDF attachment to an e-mail message addressed to
[ffel.agreementprocess@ed.gov]{.underline}. The e-mail message subject
line should read "Submission of Notice of Intent to Participate."

For questions concerning the submission and receipt of the email please
call (202) 377-4401.