ED FORM 2000 OMB No. 1845-0026

Expiration Date: 02/28/2003

U. S. Department Of Education

Federal Family Education Loan Program

# Guaranty Agency Financial Report

Cover Page

Guaranty Agency State Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Guaranty Agency Code: \_\_\_\_\_

**[Authority:]{.underline}** The collection of this information is
authorized by the Higher Education Act of 1965, as amended, Part B,

Federal Family Education Loan Program (20 U.S.C. 1071 Et Seq.).

**[Reporting Burden:]{.underline}** According to the Paperwork Reduction
Act of 1995, no persons are required to respond to a collection of

information unless such collection displays a valid, OMB control number.
The valid OMB control

number for this information collection is **[1845-0026]{.underline}.**
The time required to complete this information collection is estimated
to average 55 hours per response, including the time to review
instructions, search existing data resources, gather and maintain the
data needed, and complete and review the information collection. **If
you have any comments concerning the accuracy of the time estimate(s) or
suggestions for improving this form, please write to:** U.S. Department
of Education, Washington, D.C. 20202-4651. **If you have any comments or
concerns regarding the status of your individual submission of this
form, write directly to:** Guaranty Agency Reporting, U.S. Department of
Education, P.O. 23457, L\'Enfant Plaza Station, Washington, D.C. 20026.

**[Warning:]{.underline}** Any person who knowingly and willfully
destroys or conceals any record relating to the provision of assistance
under Title IV of the Higher Education Act of 1965, as amended, or
attempts to so destroy or conceal with intent to defraud the United
States or to prevent the United States from enforcing any right obtained
by subrogation under

Part B of Title IV, shall upon conviction thereof, *be fined not more
than \$20,000 or imprisoned not more than 5 years, or both,*

*under the provisions of 20 U.S.C. 1097.*

**[Instructions:]{.underline}** There are separate instructions for the
completion of this form. Please read those instructions carefully before
completing the form.

+----+---------------------+-----------+---------+---------+---------+
| ** | **Claims Paid**     | **\       |         |         |         |
| MR |                     | $\_\_\_\_ |         |         |         |
| -1 |                     | \_\_\_\_\ |         |         |         |
| ** |                     | _\_\_\_\_ |         |         |         |
|    |                     | \_\_\_\_\ |         |         |         |
|    |                     | _\_\_\_** |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Defaults -- Net     |           | \$      | ## B-9  | \$      |
| -1 |                     |           | **1189: |         |         |
| -A |                     |           | A-1,    |         |         |
|    |                     |           | B-1,**  |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Exempt/Lender of    |           | **\$    | ## B-   | #       |
| -1 | Last Resort         |           | 1189:   | 2, B-8, | ## B-16 |
| -B |                     |           | A-2,    |  B-10,  |         |
|    |                     |           | A-8,**  |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Death/Disability    |           | \$      | #       |         |
| -1 |                     |           | **1189: | ## B-12 |         |
| -C |                     |           | A-4,    |         |         |
|    |                     |           | B-4,**  |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Closed School/False |           | \$      | ### B   | #       |
| -1 | Certification       |           | **1189: | -6, B-7 | ## B-15 |
| -D |                     |           | A-6,    | , B-14, |         |
|    |                     |           | A-7,**  |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Bankruptcy          |           | \$      | **B-3,  | #       |
| -1 |                     |           | **1189: | B-5,    | ## B-13 |
| -E |                     |           | A-3,    | B-11,** |         |
|    |                     |           | A-5,**  |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Unpaid Refunds      |           | \$      |         |         |
| -1 |                     |           |         |         |         |
| -F |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Discharges          |           | \$      |         |         |
| -1 |                     |           |         |         |         |
| -G |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| ** | **Borrower Payment  | **\$\     | \$      | \$      | \$      |
| MR | Return (Closed      | _\_\_\_\_ | **1189: | **J-5,  |         |
| -2 | School/False        | \_\_\_\_\ | F-5,    | J-6**   |         |
| ** | Certification)**    | _\_\_\_\_ | F-6,**  |         |         |
|    |                     | \_\_\_\_\ |         |         |         |
|    |                     | _\_\_\_** |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| ** | **Status Changes**  | **\$\     |         |         |         |
| MR |                     | _\_\_\_\_ |         |         |         |
| -3 |                     | \_\_\_\_\ |         |         |         |
| ** |                     | _\_\_\_\_ |         |         |         |
|    |                     | \_\_\_\_\ |         |         |         |
|    |                     | _\_\_\_** |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Death/Disability    |           | \$      | \$      |         |
| -3 |                     |           | **1189: |         |         |
| -A |                     |           | C-1**   |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Closed School/False |           | \$      | \$      |         |
| -3 | Certification       |           | **1189: |         |         |
| -B |                     |           | C-4,    |         |         |
|    |                     |           | C-5**   |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Bankruptcy          |           | \$      | \$      |         |
| -3 |                     |           | **1189: |         |         |
| -C |                     |           | C-2,    |         |         |
|    |                     |           | C-3**   |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| ** | **TOP               | **\$\     | \$      | \$      | \$      |
| MR | Overpayments**      | _\_\_\_\_ | **1189: |         |         |
| -4 |                     | \_\_\_\_\ | G-3**   |         |         |
| ** |                     | _\_\_\_\_ |         |         |         |
|    |                     | \_\_\_\_\ |         |         |         |
|    |                     | _\_\_\_** |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| ** | **Repurchases -     | **\$\     |         |         |         |
| MR | CFY**               | _\_\_\_\_ |         |         |         |
| -5 |                     | \_\_\_\_\ |         |         |         |
| ** |                     | _\_\_\_\_ |         |         |         |
|    |                     | \_\_\_\_\ |         |         |         |
|    |                     | _\_\_\_** |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Defaults            |           | \$      | \$      | \$      |
| -5 |                     |           | **1189: |         |         |
| -A |                     |           | D-1**   |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Exempt/Lender of    |           | \$      |         | \$      |
| -5 | Last Resort         |           | **1189: |         |         |
| -B |                     |           | D-2,    |         |         |
|    |                     |           | D-8**   |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Death/Disability    |           | \$      |         | \$      |
| -5 |                     |           | **1189: |         |         |
| -C |                     |           | D-4**   |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Closed School/False |           | \$      |         | \$      |
| -5 | Certification       |           | **1189: |         |         |
| -D |                     |           | D-6,    |         |         |
|    |                     |           | D-7**   |         |         |
+----+---------------------+-----------+---------+---------+---------+
| MR | Bankruptcy          |           | \$      |         | \$      |
| -5 |                     |           | **1189: |         |         |
| -E |                     |           | D-3,    |         |         |
|    |                     |           | D-5**   |         |         |
+----+---------------------+-----------+---------+---------+---------+

  ---------- ---------------------- ---------------------------------------------------- ---------- ---------- ----------
  **MR-6**   **Repurchases - PFY**  **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                         

  MR-6-A     Defaults                                                                    \$ **1189: \$         \$
                                                                                         D-9**                 

  MR-6-B     Exempt/Lender of Last                                                       \$ **1189:            \$
             Resort                                                                      D-10,                 
                                                                                         D-16**                

  MR-6-C     Death/Disability                                                            \$ **1189:            \$
                                                                                         D-12**                

  MR-6-D     Closed School/False                                                         \$ **1189:            \$
             Certification.                                                              D-14,                 
                                                                                         D-15**                

  MR-6-E     Bankruptcy                                                                  \$ **1189:            \$
                                                                                         D-11,                 
                                                                                         D-13**                

                                                                                                               

  **MR-7**   **Partial Refunds      **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                         
             -CFY**                                                                                            

  MR-7-A     Defaults                                                                    \$ **1189:            
                                                                                         E-1**                 

  MR-7-B     Exempt/Lender of Last                                                       \$ **1189:            
             Resort                                                                      E-2, E-8**            

  MR-7-C     Death/Disability                                                            \$ **1189:            
                                                                                         E-4**                 

  MR-7-D     Closed School/False                                                         \$ **1189:            
             Certification.                                                              E-6, E-7**            

  MR-7-E     Bankruptcy                                                                  \$ **1189:            
                                                                                         E-3, E-5**            

                                                                                                               

  **MR-8**   **Partial Refunds      **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                         
             -PFY**                                                                                            

  MR-8-A     Defaults                                                                    \$ **1189:            
                                                                                         E-1**                 

  MR-8-B     Exempt/Lender of Last                                                       \$ **1189:            
             Resort                                                                      E-2, E-8**            

  MR-8-C     Death/Disability                                                            \$ **1189:            
                                                                                         E-4**                 

  MR-8-D     Closed School/False                                                         \$ **1189:            
             Certification.                                                              E-6, E-7**            

  MR-8-E     Bankruptcy                                                                  \$ **1189:            
                                                                                         E-3, E-5**            

                                                                                                               

  **MR-9**   **Overstated Claims**  **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                         

  MR-9-A     Defaults                                                                    \$ **1189:            
                                                                                         E-9**                 

  MR-9-B     Exempt/Lender of Last                                                       \$ **1189:            
             Resort                                                                      E-10,                 
                                                                                         E-16**                

  MR-9-C     Death/Disability                                                            \$ **1189:            
                                                                                         E-12**                

  MR-9-D     Closed School/False                                                         \$ **1189:            
             Certification.                                                              E-14,                 
                                                                                         E-15**                

  MR-9-E     Bankruptcy                                                                  \$ **1189:            
                                                                                         E-11,                 
                                                                                         E-13**                
  ---------- ---------------------- ---------------------------------------------------- ---------- ---------- ----------

  ----------- ---------------------- ---------------------------------------------------- -------------- ---------- ----------
                                                                                                                    

  **MR-10**   **Rehabilitated Loan   **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$ **1189: H-1            
              Refund**                                                                    to H-4**                  

  MR-10-A     Rehabilitated Loans                                                         \$             \$         \$

                                                                                                                    

  **MR-11**   **FFEL Consolidation   **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$             \$         
              Refund**                                                                                              

  MR-11-A     FFEL Consolidation -                                                        \$             \$         
              Payoff                                                                      **Addendum**              

  MR-11-B     FFEL Consolidation -                                                        \$             \$         \$
              GA Retention                                                                                          

                                                                                                                    

  **MR-12**   **GA Administrative    **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$             \$         \$
              Wage Garnishment**                                                                                    

  MR-12-A     Administrative Wage                                                         \$             \$         \$
              Garnishment - Total                                                         **Addendum**              
              Collected                                                                                             

  MR-12-B     Administrative Wage                                                         \$             \$         \$
              Garnishment - GA                                                                                      
              Retention                                                                                             

                                                                                                                    

  **MR-13**   **Default              **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$             \$         \$
              Collections**                                                                                         

  MR-13-A     Default Collections -                                                       \$             \$         \$
              Total Collected                                                             **Addendum**              

  MR-13-B     Default Collections -                                                       \$             \$         \$
              GA Retention                                                                                          

                                                                                                                    

  **MR-14**   **Bankruptcy           **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$ **1189:     \$         \$
              Collections**                                                               F-7, F-8**                

                                                                                                                    

  **MR-15**   **Late Reporting       **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                             
              Interest**                                                                                            

                                                                                                                    

  **MR-16**   **Total**              **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                             
  ----------- ---------------------- ---------------------------------------------------- -------------- ---------- ----------

Non-Payment Activity

+----+---------------------+-----------+---------+---------+---------+
|    | **Treasury Offset   |           |         |         |         |
|    | Program**           |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Treasury Offset     |           | \$      | \$      | \$      |
| *M |                     |           | **1189: |         |         |
| R- |                     |           | G-1**   |         |         |
| 17 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Non-Federal Share   |           | \$      | \$      | \$      |
| *M | Offset              |           | **1189: |         |         |
| R- |                     |           | G-2**   |         |         |
| 18 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Treasury Offset     |           | \$      | \$      | \$      |
| *M | Reversals           |           | **1189: |         |         |
| R- |                     |           | G-4**   |         |         |
| 19 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    | **Status Changes -  |           |         |         |         |
|    | Account Balance at  |           |         |         |         |
|    | Conversion**        |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Default/Lender of   |           | \$      | \$      | \$      |
| *M | Last Resort to      |           | **1189: |         |         |
| R- | Death or Disability |           | C-1,    |         |         |
| 20 |                     |           | I-2**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Default/Lender of   |           | \$      | \$      | \$      |
| *M | Last Resort to      |           | **1189: | **I-4,  |         |
| R- | Closed School/      |           | C-4,    | I-5**   |         |
| 21 |                     |           | C-5,**  |         |         |
| ** | False Certification |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Default /Lender of  |           | \$      | \$      | \$      |
| *M | last Resort to      |           | **1189: | **I-1,  |         |
| R- | Bankruptcy          |           | C-2,    | I-3**   |         |
| 22 |                     |           | C-3,**  |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Bankruptcy to       |           | \$      | \$      | \$      |
| *M | Default/Lender of   |           | **1189: |         |         |
| R- | Last Resort         |           | I-6,    |         |         |
| 23 |                     |           | I-7**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    | **Agency Accruals** |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Collection          |           | \$      | \$      | \$      |
| *M | Terminations        |           | **1130: |         |         |
| R- |                     |           | C-27**  |         |         |
| 24 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Compromises         |           | \$      | \$      | \$      |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | C-28**  |         |         |
| 25 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Agency\'s Accruals  |           |         | \$      | \$      |
| *M |                     |           |         | **113   | **1130: |
| R- |                     |           |         | 0:C29** | C-29**  |
| 26 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Default FFEL        |           | \$      | \$      | \$      |
| *M | Consolidated by     |           | **1130: |         |         |
| R- | Direct Loan Program |           | C-30**  |         |         |
| 27 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Subrogated Loans    |           | \$      | \$      | \$      |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | C-31**  |         |         |
| 28 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Default Loans       |           | \$      | \$      | \$      |
| *M | Transferred Out     |           | **1130: |         |         |
| R- |                     |           | C-33**  |         |         |
| 29 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Default Loans       |           | \$      | \$      | \$      |
| *M | Transferred In      |           | **1130: |         |         |
| R- |                     |           | C-32**  |         |         |
| 30 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Other Transactions  |           | \$      | \$      | \$      |
| *M | Affecting Federal   |           | **1130: |         |         |
| R- | Receivables         |           | C-34**  |         |         |
| 31 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Ending Balance on   |           | \$      | \$      | \$      |
| *M | Defaulted Loans     |           |         |         |         |
| R- |                     |           |         |         |         |
| 32 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    | **Delinquency by    |           |         |         |         |
|    | Debt**              |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Not Delinquent      |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 33 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | 1 - 90 days         |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 34 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | 91 - 180 days       |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 35 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | 181 - 365 days      |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 36 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | 1 - 2 years         |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 37 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | 2 - 6 Years         |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 38 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | 6 - 10 Years        |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 39 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Over 10 Years       |           | \$      | \$      |         |
| *M |                     |           | **1130: |         |         |
| R- |                     |           | Part    |         |         |
| 40 |                     |           | "C"**   |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
|    | **Bankruptcy**      |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Ending Balance on   |           | \$      | \$      | \$      |
| *M | Bankruptcies        |           |         |         |         |
| R- |                     |           |         |         |         |
| 41 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+
| *  | Bankruptcies        |           | \$      | \$      | \$      |
| *M | Transferred         |           |         |         |         |
| R- |                     |           |         |         |         |
| 42 |                     |           |         |         |         |
| ** |                     |           |         |         |         |
+----+---------------------+-----------+---------+---------+---------+

LOANS IN REPAYMENT

+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Loans       | \$    | **    |        |       |       |       |
| AR | Guaranteed  |       | 1130: |        |       |       |       |
| -1 | (Except     |       | A-1** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
|    | Federal     |       |       |        |       |       |       |
|    | Con         |       |       |        |       |       |       |
|    | solidation) |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | All Loans   | \$    | **    |        |       |       |       |
| AR | Canceled    |       | 1130: |        |       |       |       |
| -2 | (Except     |       | A-3,  |        |       |       |       |
| ** |             |       | A-4** |        |       |       |       |
|    | Federal     |       |       |        |       |       |       |
|    | Con         |       |       |        |       |       |       |
|    | solidation) |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Federal     | \$    | **    |        |       |       |       |
| AR | Co          |       | 1130: |        |       |       |       |
| -3 | nsolidation |       | A-1** |        |       |       |       |
| ** | Loans       |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Guaranteed  |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Federal     | \$    | **    |        |       |       |       |
| AR | Co          |       | 1130: |        |       |       |       |
| -4 | nsolidation |       | A-3,  |        |       |       |       |
| ** | All         |       | A-4** |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Loans       |       |       |        |       |       |       |
|    | Canceled    |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Uninsured   | \$    | **    |        |       |       |       |
| AR | Loans       |       | 1130: |        |       |       |       |
| -5 |             |       | A-5** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Loans       | \$    | **    |        |       |       |       |
| AR | Transferred |       | 1130: |        |       |       |       |
| -6 | In          |       | A-8** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Loans       | \$    | **    |        |       |       |       |
| AR | Transferred |       | 1130: |        |       |       |       |
| -7 | Out         |       | A     |        |       |       |       |
| ** |             |       | -12** |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Default     | \$    | **    |        |       |       |       |
| AR | Claims Paid |       | 1130: |        |       |       |       |
| -8 |             |       | A     |        |       |       |       |
| ** |             |       | -15** |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| ** | Bankruptcy  | \$    | **    |        |       |       |       |
| AR | Claims Paid |       | 1130: |        |       |       |       |
| -9 |             |       | A     |        |       |       |       |
| ** |             |       | -17** |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Death and   | \$    | **    |        |       |       |       |
| *A | Disability  |       | 1130: |        |       |       |       |
| R- | Claims Paid |       | A     |        |       |       |       |
| 10 |             |       | -19** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Closed      | \$    | **    |        |       |       |       |
| *A | S           |       | 1130: |        |       |       |       |
| R- | chool/False |       | A-    |        |       |       |       |
| 11 | Ce          |       | 21,** |        |       |       |       |
| ** | rtification |       |       |        |       |       |       |
|    |             |       | **A   |        |       |       |       |
|    | Claims Paid |       | -23** |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Loans Paid  | \$    | **    |        |       |       |       |
| *A | in Full     |       | 1130: |        |       |       |       |
| R- |             |       | E     |        |       |       |       |
| 12 |             |       | -24** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Federal     | \$    | **    | ###    |       |       |       |
| *A | Stafford    |       | 1130: | # E-26 |       |       |       |
| R- | and         |       | E-    |        |       |       |       |
| 13 | U           |       | 25,** |        |       |       |       |
| ** | nsubsidized |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Stafford    |       |       |        |       |       |       |
|    | Interim     |       |       |        |       |       |       |
|    | Loans       |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Total Loans | \$    | **    |        |       |       |       |
| *A | in          |       | 1130: |        |       |       |       |
| R- | Deferment   |       | E     |        |       |       |       |
| 14 | Prior to    |       | -27** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
|    | First       |       |       |        |       |       |       |
|    | Payment     |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+

**FEDERAL FUND**

+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Beginning   | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Balance     |       | **    |        |       |       |       |
| R- | (from       |       | 1130: |        |       |       |       |
| 15 | 9/30/xx)    |       | F-1** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Investment  | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Income      |       | **    |        |       |       |       |
| R- |             |       | 1130: |        |       |       |       |
| 16 |             |       | F-2** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Reinsurance | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | from ED     |       | **    |        |       |       |       |
| R- |             |       | 1130: |        |       |       |       |
| 17 |             |       | F-3** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Collections | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | of          |       | **    |        |       |       |       |
| R- | Defaulted   |       | 1130: |        |       |       |       |
| 18 | Loans -     |       | F-4** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
|    | Reinsurance |       |       |        |       |       |       |
|    | Complement  |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Insurance   | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Premiums    |       | **    |        |       |       |       |
| R- |             |       | 1130: |        |       |       |       |
| 19 |             |       | F-5** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Other       | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Revenues    |       | **    |        |       |       |       |
| R- |             |       | 1130: |        |       |       |       |
| 20 |             |       | F-6** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Claims      | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Expensed to |       | **    |        |       |       |       |
| R- | Lenders     |       | 1130: |        |       |       |       |
| 21 |             |       | F-7** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Recall of   | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Federal     |       | **    |        |       |       |       |
| R- | Funds to    |       | 1130: |        |       |       |       |
| 22 | the         |       | F-8** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
|    | Restricted  |       |       |        |       |       |       |
|    | Account     |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Transfer to | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Operating   |       | **    |        |       |       |       |
| R- | Fund for    |       | 1130: |        |       |       |       |
| 23 |             |       | F-9** |        |       |       |       |
| ** | Default     |       |       |        |       |       |       |
|    | Aversion    |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Transfer to | \$    | **    |        |       |       |       |
| *A | Operating   |       | 1130: |        |       |       |       |
| R- | Fund for    |       | F     |        |       |       |       |
| 24 |             |       | -10** |        |       |       |       |
| ** | Account     |       |       |        |       |       |       |
|    | Maintenance |       |       |        |       |       |       |
|    | Fee         |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Other       | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Expenses    |       | **    |        |       |       |       |
| R- |             |       | 1130: |        |       |       |       |
| 25 |             |       | F     |        |       |       |       |
| ** |             |       | -11** |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Ending      | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Balance     |       | **    |        |       |       |       |
| R- |             |       | 1130: |        |       |       |       |
| 26 |             |       | F     |        |       |       |       |
| ** |             |       | -12** |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Amount      | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Transferred |       | **    |        |       |       |       |
| R- | from        |       | 1130: |        |       |       |       |
| 27 | Federal     |       | F     |        |       |       |       |
| ** |             |       | -13** |        |       |       |       |
|    | Fund To     |       |       |        |       |       |       |
|    | Operating   |       |       |        |       |       |       |
|    | Fund for    |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Operating   |       |       |        |       |       |       |
|    | Expenses    |       |       |        |       |       |       |
|    | (Repayable) |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Amount      | \$    | \$    | \$     | \$    | \$    | \$    |
| *A | Received    |       | **    |        |       |       |       |
| R- | from        |       | 1130: |        |       |       |       |
| 28 |             |       | F     |        |       |       |       |
| ** | Operating   |       | -14** |        |       |       |       |
|    | Fund to     |       |       |        |       |       |       |
|    | Repay       |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Advance for |       |       |        |       |       |       |
|    | Operating   |       |       |        |       |       |       |
|    | Expenses    |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+

OPERATING FUND

+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Beginning   | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Balance     |       | **    |       |       |       |      |
| R- | (from       |       | 1130: |       |       |       |      |
| 29 | 9/30/xx)    |       | O-1** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Default     | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Aversion    |       | **    |       |       |       |      |
| R- | Fee Revenue |       | 1130: |       |       |       |      |
| 30 |             |       | O-2** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Loan        | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Processing  |       | **    |       |       |       |      |
| R- | and         |       | 1130: |       |       |       |      |
| 31 | Issuance    |       | O-3** |       |       |       |      |
| ** | Fee         |       |       |       |       |       |      |
|    |             |       |       |       |       |       |      |
|    | Revenue     |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Account     | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Maintenance |       | **    |       |       |       |      |
| R- | Fee         |       | 1130: |       |       |       |      |
| 32 |             |       | O-4** |       |       |       |      |
| ** | Revenue     |       |       |       |       |       |      |
|    | Received    |       |       |       |       |       |      |
|    | from ED     |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Transfer    | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | from        |       | **    |       |       |       |      |
| R- | Federal     |       | 1130: |       |       |       |      |
| 33 | Fund for    |       | O-5** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
|    | Account     |       |       |       |       |       |      |
|    | Maintenance |       |       |       |       |       |      |
|    | Fee         |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Collections | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | of          |       | **    |       |       |       |      |
| R- | Defaulted   |       | 1130: |       |       |       |      |
| 34 | Loans       |       | O-6** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
|    | Less        |       |       |       |       |       |      |
|    | Reinsurance |       |       |       |       |       |      |
|    | Complement  |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Investment  | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Income      |       | **    |       |       |       |      |
| R- |             |       | 1130: |       |       |       |      |
| 35 |             |       | O-7** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Other       |       | **    |       |       |       |      |
| *A | Revenues    |       | 1130: |       |       |       |      |
| R- | (FFEL and   |       | O-8** |       |       |       |      |
| 36 | Non         |       |       |       |       |       |      |
| ** |             |       |       |       |       |       |      |
|    | FFEL)       |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Collections | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | of          |       | **    |       |       |       |      |
| R- | Defaulted   |       | 1130: |       |       |       |      |
| 37 | Loans       |       | O-9** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
|    | (S          |       |       |       |       |       |      |
|    | ecretary\'s |       |       |       |       |       |      |
|    | Equitable   |       |       |       |       |       |      |
|    | Share)      |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Operating   | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Expenses    |       | **    |       |       |       |      |
| R- |             |       | 1130: |       |       |       |      |
| 38 |             |       | O     |       |       |       |      |
| ** |             |       | -10** |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Other       | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | E           |       |       |       |       |       |      |
| R- | xpenditures |       | **    |       |       |       |      |
| 39 | (FFEL &Non- |       | 1130: |       |       |       |      |
| ** |             |       | O     |       |       |       |      |
|    | FFEL)       |       | -11** |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Ending      | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Balance     |       | **    |       |       |       |      |
| R- |             |       | 1130: |       |       |       |      |
| 40 |             |       | O     |       |       |       |      |
| ** |             |       | -12** |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Amount      | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Received    |       | **    |       |       |       |      |
| R- | from        |       | 1130: |       |       |       |      |
| 41 | Federal     |       | O     |       |       |       |      |
| ** |             |       | -13** |       |       |       |      |
|    | Fund for    |       |       |       |       |       |      |
|    | Operating   |       |       |       |       |       |      |
|    | Expenses    |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Amount      | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Repaid to   |       | **    |       |       |       |      |
| R- | Federal     |       | 1130: |       |       |       |      |
| 42 | Fund        |       | O     |       |       |       |      |
| ** |             |       | -14** |       |       |       |      |
|    | For         |       |       |       |       |       |      |
|    | Operating   |       |       |       |       |       |      |
|    | Expenses    |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+

RESTRICTED ACCOUNT

+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Beginning   | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Balance     |       | **    |       |       |       |      |
| R- | (from       |       | 1130: |       |       |       |      |
| 43 | 9/30/xx)    |       | R-1** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Recall of   | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Federal     |       | **    |       |       |       |      |
| R- | Funds from  |       | 1130: |       |       |       |      |
| 44 |             |       | R-2** |       |       |       |      |
| ** | Federal     |       |       |       |       |       |      |
|    | Fund        |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Investment  | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Income on   |       | **    |       |       |       |      |
| R- | Restricted  |       | 1130: |       |       |       |      |
| 45 |             |       | R-3** |       |       |       |      |
| ** | Account     |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Investment  | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Income on   |       | **    |       |       |       |      |
| R- | Restricted  |       | 1130: |       |       |       |      |
| 46 |             |       | R-4** |       |       |       |      |
| ** | Account     |       |       |       |       |       |      |
|    | Expensed    |       |       |       |       |       |      |
|    | for Default |       |       |       |       |       |      |
|    |             |       |       |       |       |       |      |
|    | Prevention  |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+
| *  | Ending      | \$    | \$    | \$    | \$    | \$    | \$   |
| *A | Balance     |       | **    |       |       |       |      |
| R- |             |       | 1130: |       |       |       |      |
| 47 |             |       | R-5** |       |       |       |      |
| ** |             |       |       |       |       |       |      |
+----+-------------+-------+-------+-------+-------+-------+------+

BALANCE SHEET SECTION

+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Cash, Cash  | \$    | **    |        |       |       |       |
| *A | Equivalents |       | 1130: |        |       |       |       |
| R- | and         |       | B-1** |        |       |       |       |
| 48 |             |       |       |        |       |       |       |
| ** | Investments |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Restricted  | \$    | **    |        |       |       |       |
| *A | Account     |       | 1130: |        |       |       |       |
| R- | Cash, Cash  |       | B-2** |        |       |       |       |
| 49 |             |       |       |        |       |       |       |
| ** | Equivalents |       |       |        |       |       |       |
|    | and         |       |       |        |       |       |       |
|    | Investments |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Net         | \$    | **    |        |       |       |       |
| *A | Investment  |       | 1130: |        |       |       |       |
| R- | in          |       | B-3** |        |       |       |       |
| 50 | Property,   |       |       |        |       |       |       |
| ** | Plant,      |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Equipment,  |       |       |        |       |       |       |
|    | and         |       |       |        |       |       |       |
|    | Inventory   |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Accounts    | \$    | **    |        |       |       |       |
| *A | Receivable  |       | 1130: |        |       |       |       |
| R- | from ED     |       | B-4** |        |       |       |       |
| 51 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Other       | \$    | **    |        |       |       |       |
| *A | Assets      |       | 1130: |        |       |       |       |
| R- |             |       | B-5** |        |       |       |       |
| 52 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Accounts    | \$    | **    |        |       |       |       |
| *A | Payable,    |       | 1130: |        |       |       |       |
| R- | Accrued     |       | B-6** |        |       |       |       |
| 53 |             |       |       |        |       |       |       |
| ** | Expenses    |       |       |        |       |       |       |
|    | and Other   |       |       |        |       |       |       |
|    | Current     |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Liabilities |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Accounts    | \$    | **    |        |       |       |       |
| *A | Payable to  |       | 1130: |        |       |       |       |
| R- | ED          |       | B-7** |        |       |       |       |
| 54 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Other       | \$    | **    |        |       |       |       |
| *A | Liabilities |       | 1130: |        |       |       |       |
| R- |             |       | B-8** |        |       |       |       |
| 55 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Allowances  | \$    | **    |        |       |       |       |
| *A | and Other   |       | 1130: |        |       |       |       |
| R- | Non-Cash    |       | B-9** |        |       |       |       |
| 56 |             |       |       |        |       |       |       |
| ** | Charges to  |       |       |        |       |       |       |
|    | Federal     |       |       |        |       |       |       |
|    | Fund        |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Federal     | \$    | **    |        |       |       |       |
| *A | Fund        |       | 1130: |        |       |       |       |
| R- | Balance     |       | B     |        |       |       |       |
| 57 |             |       | -10** |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+