+---------+---------------+--------+---+---+---+------------+-----------+
| ####### |               |        |   |   |   |            |           |
|  Variab |               |        |   |   |   |            |           |
| le Rate |               |        |   |   |   |            |           |
|  Federa |               |        |   |   |   |            |           |
| l Direc |               |        |   |   |   |            |           |
| t Subsi |               |        |   |   |   |            |           |
| dized L |               |        |   |   |   |            |           |
| oans an |               |        |   |   |   |            |           |
| d Feder |               |        |   |   |   |            |           |
| al Dire |               |        |   |   |   |            |           |
| ct Unsu |               |        |   |   |   |            |           |
| bsidize |               |        |   |   |   |            |           |
| d Loans |               |        |   |   |   |            |           |
|         |               |        |   |   |   |            |           |
| **I     |               |        |   |   |   |            |           |
| nterest |               |        |   |   |   |            |           |
| Rates   |               |        |   |   |   |            |           |
| for     |               |        |   |   |   |            |           |
| July 1, |               |        |   |   |   |            |           |
| 2006    |               |        |   |   |   |            |           |
| through |               |        |   |   |   |            |           |
| June    |               |        |   |   |   |            |           |
| 30,     |               |        |   |   |   |            |           |
| 2007**  |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | Tr     | A |   |   | Interest   | Maximum   |
|         |               | easury | d |   |   | Rate for   | Interest  |
|         |               | Inst   | d |   |   | 7/1/2006   | Rate      |
|         |               | rument | - |   |   | through    |           |
|         |               |        | o |   |   | 6/30/2007  |           |
|         |               |        | n |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 91-day | \ | 3 | = | 7.94       | 8.25      |
| with    |               | T-bill | + | . |   |            |           |
| first   |               |        |   | 1 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1994 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 6/      |               |        |   |   |   |            |           |
| 30/1995 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Repayment or  | 91-day | \ | 3 | = | 7.94       | 8.25      |
| with    | forbearance   | T-bill | + | . |   |            |           |
| first   |               |        |   | 1 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1995 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 6/      |               |        |   |   |   |            |           |
| 30/1998 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | In school,    | 91-day | \ | 2 | = | 7.34       | 8.25      |
|         | grace, or     | T-bill | + | . |   |            |           |
|         | deferment     |        |   | 5 |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Repayment or  | 91-day | \ | 2 | = | 7.14       | 8.25      |
| with    | forbearance   | T-bill | + | . |   |            |           |
| first   |               |        |   | 3 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 6/      |               |        |   |   |   |            |           |
| 30/2006 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | In school,    | 91-day | \ | 1 | = | 6.54       | 8.25      |
|         | grace, or     | T-bill | + | . |   |            |           |
|         | deferment     |        |   | 7 |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| **Fixed |               |        |   |   |   |            |           |
| Rate    |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| Sub     |               |        |   |   |   |            |           |
| sidized |               |        |   |   |   |            |           |
| Loans   |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| Unsub   |               |        |   |   |   |            |           |
| sidized |               |        |   |   |   |            |           |
| Loans** |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | In     |   |   |   |            |           |
|         |               | terest |   |   |   |            |           |
|         |               | Rate   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 6.80   |   |   |   |            |           |
| with    |               |        |   |   |   |            |           |
| first   |               |        |   |   |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date on |               |        |   |   |   |            |           |
| or      |               |        |   |   |   |            |           |
| after   |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/2006 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+

+---------+---------------+--------+---+---+---+------------+-----------+
| **V     |               |        |   |   |   |            |           |
| ariable |               |        |   |   |   |            |           |
| Rate    |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| Sub     |               |        |   |   |   |            |           |
| sidized |               |        |   |   |   |            |           |
| Consol  |               |        |   |   |   |            |           |
| idation |               |        |   |   |   |            |           |
| Loans   |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| Unsub   |               |        |   |   |   |            |           |
| sidized |               |        |   |   |   |            |           |
| Consol  |               |        |   |   |   |            |           |
| idation |               |        |   |   |   |            |           |
| Loans** |               |        |   |   |   |            |           |
|         |               |        |   |   |   |            |           |
| **I     |               |        |   |   |   |            |           |
| nterest |               |        |   |   |   |            |           |
| Rates   |               |        |   |   |   |            |           |
| for     |               |        |   |   |   |            |           |
| July 1, |               |        |   |   |   |            |           |
| 2006    |               |        |   |   |   |            |           |
| through |               |        |   |   |   |            |           |
| June    |               |        |   |   |   |            |           |
| 30,     |               |        |   |   |   |            |           |
| 2007**  |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | Tr     | A |   |   | Interest   | Maximum   |
|         |               | easury | d |   |   | Rate for   | Interest  |
|         |               | Inst   | d |   |   | 7/1/2006   | Rate      |
|         |               | rument | - |   |   | through    |           |
|         |               |        | o |   |   | 6/30/2007  |           |
|         |               |        | n |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any Status    | 91-day | \ | 3 | = | 7.94       | 8.25      |
| with    |               | T-bill | + | . |   |            |           |
| first   |               |        |   | 1 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1994 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 6/      |               |        |   |   |   |            |           |
| 30/1995 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Repayment or  | 91-day | \ | 3 | = | 7.94       | 8.25      |
| with    | forbearance   | T-bill | + | . |   |            |           |
| first   |               |        |   | 1 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1995 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 6/      |               |        |   |   |   |            |           |
| 30/1998 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | In school,    | 91-day | \ | 2 | = | 7.34       | 8.25      |
|         | grace, or     | T-bill | + | . |   |            |           |
|         | deferment     |        |   | 5 |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Repayment or  | 91-day | \ | 2 | = | 7.14       | 8.25      |
| with    | forbearance   | T-bill | + | . |   |            |           |
| first   |               |        |   | 3 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 9/      |               |        |   |   |   |            |           |
| 30/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| loans   |               |        |   |   |   |            |           |
| with    |               |        |   |   |   |            |           |
| first   |               |        |   |   |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date on |               |        |   |   |   |            |           |
| or      |               |        |   |   |   |            |           |
| after   |               |        |   |   |   |            |           |
| 10      |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
| for     |               |        |   |   |   |            |           |
| which   |               |        |   |   |   |            |           |
| the     |               |        |   |   |   |            |           |
| appl    |               |        |   |   |   |            |           |
| ication |               |        |   |   |   |            |           |
| was     |               |        |   |   |   |            |           |
| r       |               |        |   |   |   |            |           |
| eceived |               |        |   |   |   |            |           |
| before  |               |        |   |   |   |            |           |
| 10      |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | In school,    | 91-day | \ | 1 | = | 6.54       | 8.25      |
|         | grace, or     | T-bill | + | . |   |            |           |
|         | deferment     |        |   | 7 |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any Status    | 91-day | \ | 2 | = | 7.14       | 8.25      |
| for     |               | T-bill | + | . |   |            |           |
| which   |               |        |   | 3 |   |            |           |
| the     |               |        |   |   |   |            |           |
| appl    |               |        |   |   |   |            |           |
| ication |               |        |   |   |   |            |           |
| was     |               |        |   |   |   |            |           |
| r       |               |        |   |   |   |            |           |
| eceived |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 10/     |               |        |   |   |   |            |           |
| 01/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 1/      |               |        |   |   |   |            |           |
| 31/1999 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| **Fixed |               |        |   |   |   |            |           |
| Rate**  |               |        |   |   |   |            |           |
| **      |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| Sub     |               |        |   |   |   |            |           |
| sidized |               |        |   |   |   |            |           |
| Consol  |               |        |   |   |   |            |           |
| idation |               |        |   |   |   |            |           |
| Loans   |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| Unsub   |               |        |   |   |   |            |           |
| sidized |               |        |   |   |   |            |           |
| Consol  |               |        |   |   |   |            |           |
| idation |               |        |   |   |   |            |           |
| Loans** |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | In     |   |   |   |            | Maximum   |
|         |               | terest |   |   |   |            | Interest  |
|         |               | Rate   |   |   |   |            | Rate      |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any Status    | The    |   |   |   |            | 8.25      |
| for     |               | lesser |   |   |   |            |           |
| which   |               | of     |   |   |   |            |           |
| the     |               | 8.25   |   |   |   |            |           |
| appl    |               | p      |   |   |   |            |           |
| ication |               | ercent |   |   |   |            |           |
| was     |               | or the |   |   |   |            |           |
| r       |               | we     |   |   |   |            |           |
| eceived |               | ighted |   |   |   |            |           |
| on or   |               | a      |   |   |   |            |           |
| after   |               | verage |   |   |   |            |           |
| 2/      |               | of the |   |   |   |            |           |
| 01/1999 |               | loans  |   |   |   |            |           |
|         |               | c      |   |   |   |            |           |
|         |               | onsoli |   |   |   |            |           |
|         |               | dated, |   |   |   |            |           |
|         |               | r      |   |   |   |            |           |
|         |               | ounded |   |   |   |            |           |
|         |               | to the |   |   |   |            |           |
|         |               | next   |   |   |   |            |           |
|         |               | higher |   |   |   |            |           |
|         |               | 1/8 of |   |   |   |            |           |
|         |               | one    |   |   |   |            |           |
|         |               | pe     |   |   |   |            |           |
|         |               | rcent. |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+

+---------+---------------+--------+---+---+---+------------+-----------+
| **V     |               |        |   |   |   |            |           |
| ariable |               |        |   |   |   |            |           |
| Rate    |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| PLUS    |               |        |   |   |   |            |           |
| Loans** |               |        |   |   |   |            |           |
|         |               |        |   |   |   |            |           |
| **I     |               |        |   |   |   |            |           |
| nterest |               |        |   |   |   |            |           |
| Rates   |               |        |   |   |   |            |           |
| for     |               |        |   |   |   |            |           |
| July 1, |               |        |   |   |   |            |           |
| 2006    |               |        |   |   |   |            |           |
| through |               |        |   |   |   |            |           |
| June    |               |        |   |   |   |            |           |
| 30,     |               |        |   |   |   |            |           |
| 2007**  |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | Tr     | A |   |   | Interest   | Maximum   |
|         |               | easury | d |   |   | Rate for   | Interest  |
|         |               | Inst   | d |   |   | 7/1/2006   | Rate      |
|         |               | rument | - |   |   | to         |           |
|         |               |        | o |   |   | 6/30/2007  |           |
|         |               |        | n |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 1-year | \ | 3 | = | 8.34       | 9.00      |
| with    |               | co     | + | . |   |            |           |
| first   |               | nstant |   | 1 |   |            |           |
| disbu   |               | ma     |   |   |   |            |           |
| rsement |               | turity |   |   |   |            |           |
| date    |               | Tr     |   |   |   |            |           |
| before  |               | easury |   |   |   |            |           |
| 7       |               | yield  |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 5.24   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 91-day | \ | 3 | = | 7.94       | 9.00      |
| with    |               | T-bill | + | . |   |            |           |
| first   |               |        |   | 1 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 6/      |               |        |   |   |   |            |           |
| 30/2006 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| **Fixed |               |        |   |   |   |            |           |
| Rate    |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| PLUS    |               |        |   |   |   |            |           |
| Loans** |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | In     |   |   |   |            |           |
|         |               | terest |   |   |   |            |           |
|         |               | Rate   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 7.90   |   |   |   |            |           |
| with    |               |        |   |   |   |            |           |
| first   |               |        |   |   |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date on |               |        |   |   |   |            |           |
| or      |               |        |   |   |   |            |           |
| after   |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/2006 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+

+---------+---------------+--------+---+---+---+------------+-----------+
| #####   |               |        |   |   |   |            |           |
| ## Vari |               |        |   |   |   |            |           |
| able Ra |               |        |   |   |   |            |           |
| te Fede |               |        |   |   |   |            |           |
| ral Dir |               |        |   |   |   |            |           |
| ect PLU |               |        |   |   |   |            |           |
| S Conso |               |        |   |   |   |            |           |
| lidatio |               |        |   |   |   |            |           |
| n Loans |               |        |   |   |   |            |           |
|         |               |        |   |   |   |            |           |
| **I     |               |        |   |   |   |            |           |
| nterest |               |        |   |   |   |            |           |
| Rates   |               |        |   |   |   |            |           |
| for     |               |        |   |   |   |            |           |
| July 1, |               |        |   |   |   |            |           |
| 2006    |               |        |   |   |   |            |           |
| through |               |        |   |   |   |            |           |
| June    |               |        |   |   |   |            |           |
| 30,     |               |        |   |   |   |            |           |
| 2007**  |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | Tr     | A |   |   | Interest   | Maximum   |
|         |               | easury | d |   |   | Rate for   | Interest  |
|         |               | Inst   | d |   |   | 7/1/2006   | Rate      |
|         |               | rument | - |   |   | to         |           |
|         |               |        | o |   |   | 6/30/2007  |           |
|         |               |        | n |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 1-year | \ | 3 | = | 8.34       | 9.00      |
| with    |               | co     | + | . |   |            |           |
| first   |               | nstant |   | 1 |   |            |           |
| disbu   |               | ma     |   |   |   |            |           |
| rsement |               | turity |   |   |   |            |           |
| date    |               | Tr     |   |   |   |            |           |
| before  |               | easury |   |   |   |            |           |
| 7       |               | yield  |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 5.24   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 91-day | \ | 3 | = | 7.94       | 9.00      |
| with    |               | T-bill | + | . |   |            |           |
| first   |               |        |   | 1 |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date    |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 7       |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 9/      |               |        |   |   |   |            |           |
| 30/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| loans   |               |        |   |   |   |            |           |
| with    |               |        |   |   |   |            |           |
| first   |               |        |   |   |   |            |           |
| disbu   |               |        |   |   |   |            |           |
| rsement |               |        |   |   |   |            |           |
| date on |               |        |   |   |   |            |           |
| or      |               |        |   |   |   |            |           |
| after   |               |        |   |   |   |            |           |
| 10      |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
| for     |               |        |   |   |   |            |           |
| which   |               |        |   |   |   |            |           |
| the     |               |        |   |   |   |            |           |
| appl    |               |        |   |   |   |            |           |
| ication |               |        |   |   |   |            |           |
| was     |               |        |   |   |   |            |           |
| r       |               |        |   |   |   |            |           |
| eceived |               |        |   |   |   |            |           |
| before  |               |        |   |   |   |            |           |
| 10      |               |        |   |   |   |            |           |
| /1/1998 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | 91-day | \ | 2 | = | 7.14       | 8.25      |
| for     |               | T-bill | + | . |   |            |           |
| which   |               |        |   | 3 |   |            |           |
| the     |               |        |   |   |   |            |           |
| appl    |               |        |   |   |   |            |           |
| ication |               |        |   |   |   |            |           |
| was     |               |        |   |   |   |            |           |
| r       |               |        |   |   |   |            |           |
| eceived |               |        |   |   |   |            |           |
| between |               |        |   |   |   |            |           |
| 10/     |               |        |   |   |   |            |           |
| 01/1998 |               |        |   |   |   |            |           |
| and     |               |        |   |   |   |            |           |
| 1/      |               |        |   |   |   |            |           |
| 31/1999 |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               | 4.84   |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
| **Fixed |               |        |   |   |   |            |           |
| Rate    |               |        |   |   |   |            |           |
| Federal |               |        |   |   |   |            |           |
| Direct  |               |        |   |   |   |            |           |
| PLUS    |               |        |   |   |   |            |           |
| Consol  |               |        |   |   |   |            |           |
| idation |               |        |   |   |   |            |           |
| Loans** |               |        |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+
|         | Status        | In     |   |   |   |            | Maximum   |
|         |               | terest |   |   |   |            | Interest  |
|         |               | Rate   |   |   |   |            | Rate      |
+---------+---------------+--------+---+---+---+------------+-----------+
| Loans   | Any status    | The    |   |   |   |            | 8.25      |
| for     |               | lesser |   |   |   |            |           |
| which   |               | of     |   |   |   |            |           |
| the     |               | 8.25   |   |   |   |            |           |
| appl    |               | p      |   |   |   |            |           |
| ication |               | ercent |   |   |   |            |           |
| was     |               | or the |   |   |   |            |           |
| r       |               | we     |   |   |   |            |           |
| eceived |               | ighted |   |   |   |            |           |
| on or   |               | a      |   |   |   |            |           |
| after   |               | verage |   |   |   |            |           |
| 2/      |               | of the |   |   |   |            |           |
| 01/1999 |               | loans  |   |   |   |            |           |
|         |               | c      |   |   |   |            |           |
|         |               | onsoli |   |   |   |            |           |
|         |               | dated, |   |   |   |            |           |
|         |               | r      |   |   |   |            |           |
|         |               | ounded |   |   |   |            |           |
|         |               | to the |   |   |   |            |           |
|         |               | next   |   |   |   |            |           |
|         |               | higher |   |   |   |            |           |
|         |               | 1/8 of |   |   |   |            |           |
|         |               | one    |   |   |   |            |           |
|         |               | pe     |   |   |   |            |           |
|         |               | rcent. |   |   |   |            |           |
+---------+---------------+--------+---+---+---+------------+-----------+