ED FORM 2000 OMB No. 1845-0026

Expiration Date: 04/30/2007

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.

  ---------- ---------------------- ---------------------------------------------------- ---------- ---------- ----------
  **MR-1**   **Claims Paid**        **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                           

  MR-1-A     Defaults - Net                                                              \$                    \$

  MR-1-B     Exempt/Lender of Last                                                       \$                    
             Resort                                                                                            

  MR-1-C     Death/Disability                                                            \$                    

  MR-1-D     Closed School/False                                                         \$                    
             Certification                                                                                     

  MR-1-E     Bankruptcy                                                                  \$                    

  MR-1-F     Unpaid Refunds                                                              \$                    

  MR-1-G     Discharges                                                                  \$                    

                                                                                                               

  **MR-2**   **Borrower Payment     **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$         \$         \$
             Return (Closed                                                                                    
             School/False                                                                                      
             Certification)**                                                                                  

                                                                                                               

  **MR-3**   **Status Changes**     **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                         

  MR-3-A     Death/Disability                                                            \$         \$         

  MR-3-B     Closed School/False                                                         \$         \$         
             Certification                                                                                     

  MR-3-C     Bankruptcy                                                                  \$         \$         

                                                                                                               

  **MR-4**   **TOP Overpayments**   **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$         \$         \$

                                                                                                               

  **MR-5**   **Repurchases - CFY**  **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                         

  MR-5-A     Defaults                                                                    \$         \$         \$

  MR-5-B     Exempt/Lender of Last                                                       \$                    \$
             Resort                                                                                            

  MR-5-C     Death/Disability                                                            \$                    \$

  MR-5-D     Closed School/False                                                         \$                    \$
             Certification                                                                                     

  MR-5-E     Bankruptcy                                                                  \$                    \$
  ---------- ---------------------- ---------------------------------------------------- ---------- ---------- ----------

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

  MR-6-A     Defaults                                                                    \$         \$         \$

  MR-6-B     Exempt/Lender of Last                                                       \$                    \$
             Resort                                                                                            

  MR-6-C     Death/Disability                                                            \$                    \$

  MR-6-D     Closed School/False                                                         \$                    \$
             Certification.                                                                                    

  MR-6-E     Bankruptcy                                                                  \$                    \$

                                                                                                               

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

  MR-7-A     Defaults                                                                    \$                    

  MR-7-B     Exempt/Lender of Last                                                       \$                    
             Resort                                                                                            

  MR-7-C     Death/Disability                                                            \$                    

  MR-7-D     Closed School/False                                                         \$                    
             Certification.                                                                                    

  MR-7-E     Bankruptcy                                                                  \$                    

                                                                                                               

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

  MR-8-A     Defaults                                                                    \$                    

  MR-8-B     Exempt/Lender of Last                                                       \$                    
             Resort                                                                                            

  MR-8-C     Death/Disability                                                            \$                    

  MR-8-D     Closed School/False                                                         \$                    
             Certification.                                                                                    

  MR-8-E     Bankruptcy                                                                  \$                    

                                                                                                               

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

  MR-9-A     Defaults                                                                    \$                    

  MR-9-B     Exempt/Lender of Last                                                       \$                    
             Resort                                                                                            

  MR-9-C     Death/Disability                                                            \$                    

  MR-9-D     Closed School/False                                                         \$                    
             Certification.                                                                                    

  MR-9-E     Bankruptcy                                                                  \$                    
  ---------- ---------------------- ---------------------------------------------------- ---------- ---------- ----------

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

  **MR-10**   **Rehabilitated Loan   **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$                    
              Refund**                                                                                          

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

                                                                                                                

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

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

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

                                                                                                                

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

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

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

                                                                                                                

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

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

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

                                                                                                                

  **MR-14**   **Bankruptcy           **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**   \$         \$         \$
              Collections**                                                                                     

                                                                                                                

  **MR-15**   **Default FFEL         **\$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**                         
              Consolidated by DL                                                                                
              Fee**                                                                                             

                                                                                                                

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

Non-Payment Activity

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

LOANS IN REPAYMENT

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

**FEDERAL FUND**

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

OPERATING FUND

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

RESTRICTED ACCOUNT

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

BALANCE SHEET SECTION

+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Cash, Cash  | \$    |       |        |       |       |       |
| *A | Equivalents |       |       |        |       |       |       |
| R- | and         |       |       |        |       |       |       |
| 48 |             |       |       |        |       |       |       |
| ** | Investments |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Restricted  | \$    |       |        |       |       |       |
| *A | Account     |       |       |        |       |       |       |
| R- | Cash, Cash  |       |       |        |       |       |       |
| 49 |             |       |       |        |       |       |       |
| ** | Equivalents |       |       |        |       |       |       |
|    | and         |       |       |        |       |       |       |
|    | Investments |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Net         | \$    |       |        |       |       |       |
| *A | Investment  |       |       |        |       |       |       |
| R- | in          |       |       |        |       |       |       |
| 50 | Property,   |       |       |        |       |       |       |
| ** | Plant,      |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Equipment,  |       |       |        |       |       |       |
|    | and         |       |       |        |       |       |       |
|    | Inventory   |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Accounts    | \$    |       |        |       |       |       |
| *A | Receivable  |       |       |        |       |       |       |
| R- | from ED     |       |       |        |       |       |       |
| 51 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Other       | \$    |       |        |       |       |       |
| *A | Assets      |       |       |        |       |       |       |
| R- |             |       |       |        |       |       |       |
| 52 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Accounts    | \$    |       |        |       |       |       |
| *A | Payable,    |       |       |        |       |       |       |
| R- | Accrued     |       |       |        |       |       |       |
| 53 |             |       |       |        |       |       |       |
| ** | Expenses    |       |       |        |       |       |       |
|    | and Other   |       |       |        |       |       |       |
|    | Current     |       |       |        |       |       |       |
|    |             |       |       |        |       |       |       |
|    | Liabilities |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Accounts    | \$    |       |        |       |       |       |
| *A | Payable to  |       |       |        |       |       |       |
| R- | ED          |       |       |        |       |       |       |
| 54 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Other       | \$    |       |        |       |       |       |
| *A | Liabilities |       |       |        |       |       |       |
| R- |             |       |       |        |       |       |       |
| 55 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Allowances  | \$    |       |        |       |       |       |
| *A | and Other   |       |       |        |       |       |       |
| R- | Non-Cash    |       |       |        |       |       |       |
| 56 |             |       |       |        |       |       |       |
| ** | Charges to  |       |       |        |       |       |       |
|    | Federal     |       |       |        |       |       |       |
|    | Fund        |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+
| *  | Federal     | \$    |       |        |       |       |       |
| *A | Fund        |       |       |        |       |       |       |
| R- | Balance     |       |       |        |       |       |       |
| 57 |             |       |       |        |       |       |       |
| ** |             |       |       |        |       |       |       |
+----+-------------+-------+-------+--------+-------+-------+-------+