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<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>[Posted on behalf of
margery.harvey@tgslc.org, TG’s AVP for relationship management and
consultant]</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>*******************</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'> </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>To OASFAA members:</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'> </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>I wanted to clarify the
information about TG’s decision regarding guarantee-fee charges.
I’m aware that Bill McFarland provided some information to OASFAA members
earlier today, but he is currently making a presentation and is unable to offer
the clarifications that accurately reflect TG’s present position.</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'> </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>Since 1999, TG has waived
the 1 percent guarantee fee for borrowers on all loans it guarantees. The
Deficit Reduction Act recently signed into law by President Bush, requires that
all guarantors deposit into their Federal Fund, a Default Fee (currently known
as the guarantee fee) of 1 percent of loan disbursements guaranteed on or after
July 1, 2006. TG’s policy regarding the source of the 1 percent
Default Fee is on the agenda for TG’s Board meeting scheduled for </span></font><font size=2 face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New"'>April
8, 2006</span></font><font size=2 face="Courier New"><span style='font-size:
10.0pt;font-family:"Courier New"'>. </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'> </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>Our CEO has NOT contacted
board members individually, nor has TG management made any recommendations to
the board. We will await the outcome of their discussion in early April and
will communicate with all of our business partners once a decision has been
made. TG will fully take into consideration the long-term implications for the
higher education and lending communities.</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'> </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>I would welcome any
additional comments or questions you may have about this issue, and I apologize
for any confusion that the previous postings may have caused.</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'> </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>Sincerely,</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'> </span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>Margie Harvey</span></font></p>
<p class=MsoNormal style='text-autospace:none'><font size=2 face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New"'>Assistant Vice President,
Relationship Management and Consulting TG</span></font></p>
<p class=MsoNormal><font size=2 face="Courier New"><span style='font-size:10.0pt;
font-family:"Courier New"'>(800) 252-9743, ext. 4859</span></font></p>
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