cttiAsstsfundetguduateondGruduote.

l-oons
, lii,#r?li,jlx,:i:lJfljj[,]1.il
;lJ:l[:x;;.,",,'_:Ja7232177
@ *tuuent *ppticant
tr:€*rmaric:r
* 9nljtte ""*J'.i"'lu*r.a-@d;1";1lll#il,=ff;"ffilfu, TheStudent
LoanCorporation
LastName BANSAL
U.S.Permanent
Address
Fi19t
NgqgAMBRLSH
APT 8 8 COUNTRY CLUB ROAD
M.t. Sqffry DateofBirth
city tTHAcA
Q1,!)
StateNY
12 /
fro
16 / 1979
dav

ZIP14656
ciTibanK
Howrygnyygarsthqre?l- lf_le_ss
thanoneyearat permanen_t_address,
listpreviousaddress
Social
Securrty#916 - .01 . . .11 5 0 Driler'sLicense
# 174 State
Horne (turmqlqq! 607 ) 280 - 7556
Terephone thmlTelephmetlempaary){ ) SchoolCertification
Areyou-aU'S.ctizen?!IesFrq|!!qareyoUapemanentrs,de,'t1!YFDlllo19r4rag41aqqof,od.|mmiF|,5 To be complaed by the FinancialAid Offce.
NqMqCORNELI=JQIJNSQNGfiADUATESCHOOLQF MANAqEM cis/]IHAcA
PqIOOI S]aleNY I]? 14859.1485
C!ec!lhg.boxn€xtlolllgEqr
l!sghmlforwhichthisloanwill
beused UnQglradqqlepl-'t? t3 t4 !l 5(6lr) Graduate
Ei lz n: n+ lstoiii EDSchmlCode0027.11 Campus
Code63
MaiorBusiness/Marketing E-mq!l{!qg AMBB_|SH.BANSAL@GMA|L.COM LoanPeriod
forUseof Funds
f t o m /m/qf[ om 6/ llv
@Laan Infonnation Perind for Use of Payment E lvlakeno payments
whilein school.
Loan amount requested $ 20,000 oq 1 zg -1?oa7 qd
9eein mo 08 / 27 1.zooe D
i-{911 Makepayments whilein school.
Undergraduate
Yearin SchoolZl a2 ! 3 ! 4 ! 5
day yr mo. Oay yt_
Youmayboffowup to the fullcostof edu€tionlessany lf the loanyouare requesting
is for a pastperiod,the lf youdo notchms an opiion,yourprincipal Graduate Y e a r i n S c h oaol l a2 tr3 !4 tr5
financialaidyouare receiving.
Yourschoolwillbe requested lcn penodmusthale endedlessthan 12 monthsin and interestpaymentswill be defutredwhile
to certrt thisamounlandthe finalappro\€dloanamount the past. youarein school.
Student's
Enrollment
Status
couldbe lessthanthe amountreques'ted.
n FullTime ! HatfTime ! LessthanHalfTime
@ ApplicantReference Anticipated
Completion
Date
Pleaseprwide at adult re{erence.Referencemust rcdde at a US. ad<lressdifferent frorn your onrn.lf applyhg with a corigner, rc{estce must be a diffurent persd.
NameDEEPAM AGARWAL Certified
LoanAmount$
_ lorlqpr E ParentE Rdatiretr Oter
-B9la,!q:'Sfr!p-to
StTcet4O1OHANDEL COMMON City F,BEMONT StnteCA zrP94536 Recommended
Disbursement
Dates
Hqmeleleplsne(
819 ) 3E8 . _,1648 (
W_g(I-eleph,oqe ) lst/lZnd/
@ *a-signer!*formatia*
(Step
H!R!
m0

$
aay

H!RN
Se-instructions on reEm side 3) to dctemine it you shilH appv with a Gigner. 0nly om co+igner may be indicaed.
llotice:cHigner mustb€ a U.S.citizenor p€manef cide' at least18 yean of agL,mustfroide a [rmrnt U.S.addrss, andmusthavea verifablcin6m of at leastSl8,frO per year
SocialSecurity# 0L4 --,. -- -80 . , ,
3rd 4th
3351 Cosignerrelationshiptostudent
ll%rent lRelative EOrer
LASINAMCARUNACHALAM FirstNameSURESH lV.l. Suffix(Jr.,Sr.,Etc.) qaeol8irt! 09 1 07 1'tsz'l HtrR! $ H!RD
stlqel-3,5403MoNTEBBA CTRCLE
-" r
cttvUNIQNCtJy srare
cA t;tps+sli Weherebycertifothatthe studentnamedin thisapplication
HowManyYearsThqlql is/wasattending duringthe Loanperiodthis
this institution
,4yrs0months. StO t 441| - lSZg
HomeTetephone!
Loanis beingrequested. Wefurthercertih/that,basedupon
ff l9s9 th?4 on9 !_'eal_4_p9!!tran9!tt-ad-qre99,
!!st pryt4grts address: records available at this institution,
the applicant
is not in
defuulton anystudentloanandthattheinformation provided
Drler's license# 87144323 StateCA AreyqqqU,S
citizen? qgopyofyqqllmmigrationFormf55l.)
!Yes ENo (lfqorqltqglr aboveis trueandaccurate to the bestof ourknowledee
and
@ *redit/ErT:Flsyment
E*€+rmati** belief.Wecertify thatthesumof all loansandtinanci-al aid,
jncluding thisLoan,doesnolexceed thecostof education
at
this institution.
Thecredit information
below isfor E Cosigner! Undergraduateonowncreditworhiness
(Refer
b Sbp4 for instructions.)
l\4ortthlyHousingPrymgllg !,500 E0w1 trRent fllirewrthparent Sisnature
of SchoolOfficial
Emplopr/Company NqrlqeRACLECORpORATf ON CityREDWeODSHOfES StateCA ZIP94065
Yeafs wthemployer 9 yfs-o.months Current
PositionDIRECTOR Telgphone[ 650 I 506 - 7000
lf lessthantwoyears,
listprevious
employer position Date
lelepnonet l -
Gro99MOI!TI|!YttrpgqeFr-oqEmptqy4enr. $ ZO00 l.l Y-e9
Selfemployed? , E Nq Retired?EYes ENo PrintName
()tIelUOnTHly ltqgng (Spo!rs?|,. qrc.)l' $
*Gross individual monthly income
rcJr!a_|, 9!Er ttcclte $qurce(9ee_S!ep 4l
must be at least 91,500. Income verificaiion may be required. Tifle
"Alimony, child support, or separale maintenance income need not be revealed il tou do not wish ro have it considercd as a basis for repaying ihis loan.
Telephone
Number
@ €ignatures Sig::and*ate Below}
{Please ' P|,re rctsto Step 5for irbualrc
For knder UseOnlv
Pla* read lnur encb*d PromissoryNote in its entircty bcfm signingthb *ction. lf youdo nothavea promismrynote,pteasemll i€0O967-2400,andre'll prompflysendyouone.

SourceCode:rHowFAtD
App lD: 2180s447
Slvenln g0o0raltn. lt my promissorfnotqrs a Ma,styplupa(Loan Promrssory
Note,I understand
that multipleLoansmay be disbursedunderthe termsof the Note.
SimatureofBorrower I M.A"T Date 6X / 2-3/ O?,
Vers.gsz Code:peoos
Sponsor
Pti* m surewu r9r pur nire exacuy as nWfta,s m Srcftn A , od y.
ignatuIe of Cosignef Borrower
Alien#
. Date / /
PMe F \ue pu srgn lour Bm erettyas I arers In Sed@ D co 04 t.
Warning: Any person who knowingly makes a false statement or misrepresentation on this form is subject to penalties which may include fines or imprisonrent. CGSignerAlien#
 sinjl 116 ol rt.ro
f\
YA v,ta-,ry1fhrr-oro<,r., gRr(H
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t)
,4!?1D : zlgo .l qq )

MasterStudentLoan PromissoryNote/ Borrower'sCopy

The words"1","me", "my", "us" and "mine" meanthe Borrower(thestudent-applicant)
and co-signer
(theguarantor), The words"you", "your", and "yours" mean
exceptwhereotherwiseindicated.
Citibank,N.A.,its successors, any insurance
and assignsincluding companyacquiring this Master
StudentLoan PromissoryNote("Note")by paymentof an insuranceclaim.

Forthe purposeof determining lauthorizeCitibank,N.A.(theBank),its agents,

myeligibilityforcredit,
and assignsto gathercreditinformationaboutme and to give informationaboutmy applicationto others
in accordancewith applicablelaws.I understandthat you normallyobtaincreditreporlsfor all loan
applicantsand cosigners. Uponmy request,you willinformme if a reporthas beenobtainedand willgive
me the name and addressof the agencyfurnishingthe repofi.I understandthat futurerepoftsmay be
orderedon me in connectionwith any review,renewalor extensionof creditunderthis Notewithout
fufthernoticeto me. I authorizemy schooltoreceive,provide,and confirminformation regarding my
attendance,financialaid, and enrollmentstatusduringthe term of this Note.I understandthat the
proceedsof the initialor any subsequentLoan,if approved,must be usedfor educationalpurposesand
that disbursements will be sentto my Schoolon my behalfby checkor electronicfundstransler.

ITIONS

"AcademicYear" is the periodof time,notto exceed12 consecutive

months,whichyourschooldefines
as its "AcademicYear".

The "DisbursementDate" is the date or dates,as notedon the checkor ElectronicFundsTransfer

(EFT)record,on whichyou lend moneyin consideration for my promiseto repayyou accordingto the
termsof this Note.lt will be the date a Loan,or any partof it, is advancedto me or to my schoolon my
behalf.

"Note" means,collectively, this MasterStudentLoan PromissoryNote,each and everyapplicationor

requestfor creditunderthe MasterStudentLoan PromissoryNote,ConditionalApprovalLetter,and
disclosures relatingto the creditreceivedby me underthe MasterStudentLoanPromissoryNote,unless
specificallyexcluded.

The "lnterimPeriod"is a time periodwhichbeginson the firstDisbursement Dateand endssix months

after I graduateor ceaseto be enrolledat leastparttime at an approvedschool.The InterimPeriodwill
neverexceedten (10)yearsplussix (6) monthsfor undergraduate studyand four (4) yearsplussix (6)
monthsfor graduatestudy.

"Loan" or "Loan(s)"meansthe principalsum(s)disbursed duringa standardacademicyearplus

accruedinterestand feesand othercharges,if any,due on suchdisbursedsums.

"Loan Fee(s)"meansa guarantyfee that you may chargeme to compensateyou againstthe riskof
default.The terms of my Loan,as set forlh in a ConditionalApprovalLetter,will specifywhetherthe Loan
Fee is to be chargedto me or my Loan balanceupon:approvalof a Loan,upon disbursement of an
advancemadeunderany Loan,at the commencement of the repaymentphase,or at someothertime.
Thisfee may be addedto the principal amountof any Loan(s).

The "RepaymentPeriod"is a time periodwhichbeginson the datethe InterimPeriodends.The

"StandardRepaymentPeriod"is a periodof 240 months.

The "Total Loan Amount" is the aggregateamountof all disbursements

and advancesmade by you on
all Loanssubjectto the termsof this Note.

C S., Rf slr A<uAJ n Ci.rnL-n i'tl)

coetq NE K
 gsAJ: qtC Ot tl:]a

APPrD'. Ltgd z?qq-l

n b4R,Rr gl-r _QA xtS* c_

whichyou attend,or planto attend
Referencesto "School" meanthe educationalor academicinstitution
and in connectionwhichyou havesoughta Loanor Loansf rom us to defrayyour educationalcosts.

PROMISETO PAY

I promiseto payto Citibank,N.A.,its successors,assigns,and any otherholderof this Noteall sums

disbursedunderthe termsof this MasterStudentLoan PromissoryNote,togetherwith interestat the
rates(s)providedin the Note,late paymentcharges,Loan Feesand any otherfees or chargesowed
underthe termsof this Note,includingany allowablereasonableattorneysfees and othercostsyou incur
in collecting
amountsowedon this Note,all according to the termsof thisNote.I willnot signthe
applicationbeforereadingthis Noteeven if otherwiseadvised.The termsand conditionsset forth in the
Noteconstitutethe entireagreementbetweenyou and me. I am entitledto an exactcopy of this Note.My
signaturecertifiesthat I read,understand,and agreeto the terms of this Note.

I understand and agreethat you may makemultipleLoansunderthis Noteduringthe courseof my

attendanceat one or more Schools,and I agreethat each such Loan (whichmay consistof one or more
or disbursements to my School)willbe subjectto the termsof this Note.I furtherunderstand
individualLoan(s)may havedifferentLoan Feesand VariableRatesas disclosedin the "lnterest"
sectionbelowand/orthe ConditionalApprovalLetterto be sent with respectto each such Loan.I
understandthat the termsof any ConditionalApprovalLettersent to me with respectto a Loan are
incorporated by referenceintothis Note.

I agreethat no subsequent Loanswillbe madeunderthis Noteafterthe earliestof the followingdates:(i)

the date you receivemy writtennoticethat no furtherLoansmay be disbursedunderthis Note;(ii)one
yearafterthe dateof my signatureon this Noteif no disbursement is madeduringsuchtwelvemonth
period;or (iii)five yearsafterthe date of my signatureon this Note.

LOAN AMOUNTDISCLOSURE
STATEMENT

You havethe rightnot to make a Loanor to lend me an amountlessthan the amountthat I requested.I
agreethatthe numberof disbursements Loanwillbe limitedto one per term
withrespectto an individual
and fourper AcademicYear.You willsendme a disclosure statementtellingme the amountof any
disbursement(s) and otherinformationincludingany separatenoticesto co-signerrequiredby applicable
law. I will reviewthe disclosurestatementand otherdocumentsupon receivingthem and will contactyou
if I haveany questions.

My obligationto repayamountsadvancedfor my benefitoccursupon my receipt,or my School'sreceipt

on my behalf,of fundsdisbursedby you,or a disbursement
of the amountof any LoanFeethat I may
owe you underany Loan.

BORROWER'SRIGHTTO CANCEL

lf I am not satisfiedwith the termsof my Loanas approved,I may cancelany Loan and any
disbursements. To cancelany disbursement underthis Note,I mustcontactyou in writingwithin15 days
of receivingthe disclosurestatementor co-signernolice,notifymy School,not endorseany Loancheck,
and ensurethat any Loandisbursements are returnedto you.Cancellationof a disbursement doesnot
altermy obligationto repayamountsadvancedto me or to my Schoolon my behalfor to terminatethis
Notewith respectto priorLoans.I understandthat I may also cancelor reducethe size of any
disbursement by informing you in writingwithin15 daysof receiving the approvalletter,disclosure
statementor any subsequent disbursement. I may alsocancelany Loanby informing you in writingwithin
15 daysof receiving the Conditional ApprovalLetter,disclosure statement or any subsequent
disbursement and by arranging for all disbursements to be returnedto you.

( so x>srr F RtJ'u Ac'HnL.-At'4)

CO< tct rtEK

 rS^/ i Qfe Ol (({.-c.r
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ArrzrBAKrt€ Axrgrq.*

lf all or any portionof any Loanfundsdisbursedare returnedto you by the Schoolor me within30 days of
the Disbursement Date,you will chargeno interestor chargeson the funds returned.I understandthat if
a Loan is canceled,I will haveto reapplyto obtaina new Loan.

I alsofullyunderstandthatthe failureto completethe educationprogramundertaken

by me, as the
Borrower,does not relieveme of any obligationon this Note.

INTEREST

Intereston each Loan underthe Notewill be calculatedat the VariableRate (as definedbelow)beginning
on the first Disbursement Dateon the principalbalanceadvancedand on any unpaidinterestaddedto
principal accordingto the Termsof Repayment belowuntiltheNoteis paidin full.Interestwillbe
calculatedbasedon the actualcalendardays in any year and uponthe actualnumberof calendardays
fromthe Disbursement DateuntiltheNoteis oaidin full.

The "Variable Rate"for eachLoanmadeunderthe Noteis the sum of the PrimeRatepublishedin lhe
Wall StreetJournalunderthe "MoneyRates"sectionfor the day which is 30 days priorto the f irstday of
, April,Julyand Octoberof eachyear(the"lndex")plusor minusthe percentage, as identified
on
applicableConditionalApprovalLetterthat I receivedin connectionwith the Loan,whichis hereby
intothis Note,per annum(the"Margin"), roundedto the nearesthundredth(.01%),but in no
t greaterthan the maximumallowedby law.The VariableRatewill changequarterlyon the firstday
of January,April,July,and Octoberof each year (eacha "ChangeDate").For example,the VariableRate
for any JanuaryChangeDatewill be determinedby usingthe Indexpublishedin The WallStreetJournal
for the precedingDecember2nd, lf The WallStreetJournalisnot publishedor the Indexis not given,
thenthe Indexwillbe determined by usingthe immediately preceding publishedIndex.In the eventthat
morethanone PrimeRateis published, the Indexwillbe the highestratepublished.
lf the Indexceases
to be available,you will choosea comparableIndex.

I understandthat the totalinterestdue on the Notewill be the aggregateamountof the interestdue on

eachLoanmadeunderthe Note.

TERMSOF REPAYMENT

I may, but am not requiredto make paymentsduringthe InterimPeriod.lf I chooseto makevoluntary

paymentsduringthis period,I understandthat all interestmust be paid beforethe principalcan be
reduced.

You willadd all unpaidinterestto the principalbalanceof eachLoanat the end of the InterimPeriod.
Duringthe InterimPeriod,you will send accountstatementson my Loan(s)at leastquarterlyto me.
Duringmy RepaymentPeriod,I willmakeconsecutive monthlypaymentsbasedon the amountsand on
the due datesshownon my monthlystatements.I understandlhat as the VariableRateon my Loan(s)
adjusts,the monthlypaymentamountmay increaseor decreaseor the numberof scheduledpayments
may increaseor decreaseto be sufficientto fully repayall of the principal,interest,and othercharges
whichare owedon this Notewithinthe remaining repayment term.I understand that I willreceiveone
billingstatement whichwillseparately identifyand includeall Loansmadeto me underthe Note.

Beforethe beginningof the RepaymentPeriodI may receivea noticeallowingme to choosefrom

alternativerepaymentoptions.My choicewill dictatethe amountof the monthlypaymentsand the tlming
of periodicchangesin the monthlypaymentamount.lf I do not returnthis noticeto you, I willbe billed
throughoutthe RepaymentPeriodusingthe StandardRepaymentPeriod.Regardlessof the Total Loan
Amountthe monthlypaymentwillneverbe lessthan$50,(unlessthe amountowed underthis Noteis
lessthan $50). In addition,if I haveotherloanspayableto you underothernotes,my total monthly
paymentfor all of my loansto you, including any Loanmadeunderthis Note,will neverbe lessthan$50
(unlessthe amountowedunderall of my loansis lessthan$50.)

( Su,nLsrr ffRttrvne,Hnu-n4)

C o 5 ' 1 6 1 t 64
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lf any portionof a monthlypaymentremainsunpaidfor a periodof morethan 1Odaysafterthe due date,
you may chargeand I will pay a late paymentchargeof up to $15 per delinquentpayment,but never
morethanthe maximumamountallowedby law.I willpay onlyone latepaymentchargeper monthly
paymentregardlessof the numberof days it is late.

Loan paymentswill be appliedfirstto charges,next-tounpaidinterest,and then to principal.I havethe

rightto repayall or any part of any Loansubjectto this Noteat any time withoutpenalty.lf I have more
than one Loanand do not provideinstructions as to whichLoan a prepaymentis to be applied,you may
determinehowto applyit at yourdiscretion.

lf I am unableto repaymy Loan(s)accordingto the termsof the Note,I may requestthat you modifythe
termsof repayment.I understandthat such modification will be at your discretionand that if such
modification resultsin a postponementor forbearanceof paymentsfor any period,interestwill continueto
accumulateduringthat period.Any unpaidinterestat the end of the forbearanceperiodwill be addedto
the principal balanceof my Loan(s).My obligation
to repayall Loansmadeunderthis Notewill remainin
force even if I becometotallyand permanentlydisabledor die.

I may prepaymy Loan(s)at any time withoutpenalty.

ACY

You willgiveme noticeof yourpoliciesregarding the disclosure of nonpublic information regardingme to

your affiliatesand unrelatedthirdpartiesand I will be giventhe rightto restrictsuch disclosuresas
providedby law. I authorizeyou and any schoolI attendto transfersuch informationas may be
necessaryto completeand reconcilethe disbursement of proceeds,maintainaccurateaccountrecords,
and ceftifymy continuingenrollmentstatus.

I must updatethe informationon my applicationwheneveryou ask me to do so. I authorizeyou to furnish

information aboutany Loan made underthis Noteto consumerreporlingagenciesand to otherslegally
allowedto receivesuch information. I authorizeyou to obtaincreditinformationaboutme, now and in the
future,for any legitimatepurposeassociatedwiththe applicationor any Loan.lf my applicationis
declined, you willsendan adverseactionnotice,whichmay includespecificreasons,to me, as required
by applicablelaw. I understandthat if I defaulton my Loan(s),disclosureof information
about my loanto
consumerreportingagenciesmay adverselyaffectmy creditrating.

For the purposeof learningmy currentaddressand telephonenumber,I authorizeyou to release

informationand makeinquiries to the individuals
I havelistedon my application.

DEFAULT

To the extentpermittedby law, I will be in defaultand you will havethe rightto give me noticethat the
wholeoutstandingprincipalbalance,accruedinterestand all otheramountsdue to you underthe terms of
the Noteare due and payableat once,subjectto any law whichmay give me the rightto cure my default,
if (1) | failto makemy monthlypaymentto you whendue,(2) | failto notifyyou of a changein my name,
address,or schoolenrollmentstatuswithin30 days aftera changeoccurs,(3) | breakany of my other
promisesin this Note,(4) any bankruptcy proceeding is begunby or againstme, (5) if I assignany of my
assetsfor the benefitof my creditors,(6) | make any falsewrittenstatementin applyingfor this loan or in
any communication concerningthisloan,(7) | failto remitto you any refundof loanproceeds, or (8) |
defaultunderthe termsof any otherloan made by you to me.

ln the eventof my death,you may cancelany remaining(future)disbursements, end the InterimPeriod

immediatelyin the case of the Borrower'sdeath,and makea claimagainstthe estateof the decedentfor
paymentof the amountdue on the Note,whetherin repaymentor not, withoutreleasingthe surviving
Borroweror co-signerf rom obligationson this Noteor any Loansubjectto this Note.

(st, a es u ARt, NAC U nC*a*'t )

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 <<^{ 1tA D( tt So
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A\v{ B^rsr-l p41usn_1_

lf I defaultunderany Loan subjectto this Note,I will be requiredto pay interestat lhe contractrate(s)
providedfor said Loan(s)whichaccumulatesafterdefaultaccordingto the termsof this Note.The interest
rateafterdefaultor afternoticeof demandfor paymentin full will be subjectto adjustmentin the same
manneras priorto the default.lf I default,I will also be responsible
to pay reasonablecollectioncosts,
includingreasonableattorney'scharges,courtcostsand collectionchargesto the extentallowedby law.

Notice: The following"Notice"is providedto you underfederallaw to warn you of the negativeimpact
that your defaultingon your obligationsunderthis Note may have on your creditrating.

We may repodinformationaboutyour Loan(s)and this Noteto creditbureaus.Late

payments,missedpayments,or otherdefaultson your Loan(s)may be reflectedin
your creditreport.

I N S U R A N C EA:S S I G N M E NO
TF NOTE

I understand thatyou may obtaininsurance to insurepaymentof any Loanmadeunderthis Noteupon

default.lf any insurancecompany,its subsidiaries,or assignees are requiredunderany insurance
agreement to repayany and all Loanssubjectto this Note,suchcompanywillbecomethe holderof this
Noteand willhaveall the rightsof the originallenderto enforcethis Note.

ARBITRATION
OF DISPUTES

crd'
PLEASEREADTHISARBITRATION
I CAN REQUIRETHATANY CONTROVERSY
ARBITRATION
PROVISION CAREFULLY. IT PROVIDESTHAT EITHERYOU OR
OR DISPUTEBE RESOLVEDBY BINDING
(EXCEPTFOR MATTERSTHATARE EXCLUDEDFROMARBITRATION AS
SPECIFIED B E L O W )A. R B T T R A T I ORNE P L A C E S
T H E R T G H T O G O T O C O U R T t, N C L U D t N T
GH E
RIGHTTO A JURYAND THE RIGHTTO PARTICIPATE IN A CLASSACTIONOR SIMILAR
PROCEEDING. IN ARBITRATION, A DISPUTEIS RESOLVEDBY A NEUTRALARBITRATOR
INSTEAD O F A J U D G EO R J U R Y .A R B I T R A T I OPNR O C E D U R EASR E S I M P L E R
A N D M O R EL I M I T E D
THAN RULESAPPLICABLE IN COURT.

provision,
Definitions.As usedin thisarbitration the followingdefinitions
willapply:

. "Claim"meansany case,controversy, dispute,tort,disagreement, lawsuitor claimnowor

hereafterexistingbetweenyou and me arisingout of or in connectionwith my loan.
o "Account" meansmy agreementwithyou as evidenced by the loanapplicationand Notealong
with any and all recordsor transactionsrelatedthereto.

ADDITIONALCOVENANTS. In additionto the covenantsand agreements

madein the loanapplication
and Note,you and I furtheragreeas follows:

Agreementto arbitrate:

You and I agreethat eitheryou or I may,withoutthe other'sconsent,requirethat any Claimsbetween

you and me be submittedto mandatory,bindingarbitrationexceptfor certainmattersexcludedbelow.
This arbitrationprovisionis made pursuantto a transactioninvolvinginterstatecommerce,and shallbe
governedby, and enforceable under,the FederalArbitrationAct (the"FAA"),I U.S.C.$1 et seq.,and (to
the extentStatelaw is applicable),the Statelaw governingthis transaction.

Claims subject to Arbitration include, but are not limited to:

. Claimsrelatingto: 1) any and all aspectsof my Accountincluding

withoutlimilation the
origination,
establishment, terms,treatment, operation,
handling,billing,servicing,
limitations
on
,a
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A l"4&Rtsq QANSAL

or terminationor acceleration of my Account;2)anydisclosuresor statementsrelatingto my

Account;3) the application, enforceability or interpretationof my Account,includingthis arbitration
provision.Any questionsaboutwhat Clarmsare subjectto arbitrationshall be resolvedby
interpretingthis arbitrationprovisionin the broadestway the law will allowit to be enforced.
Claimsmadedirectlyby me as well as Claimsmade by anyoneconnectedwith me or claiming
throughme, such as a co-applicant or co-signeron my Account,my agent,representative or
heirs,or a trusteein bankruptcy.Similarly,Claimssubjectto arbitrationincludenot only Claims
that relatedirectlyto you, a parentcompany,affiliatedcompanyand any predecessors and
successorsand assigns(andthe employees,officersand directorsof all of these entities),but
also Claimsfor whichyou may be directlyor indirectlyliable,even if you are not properlynamed
at the timethe Claimis made.
Claimsbasedon any theoryof law,any contract,statute,regulation,ordinance,totl (including
fraudor any intentional torl),commonlaw,constitutional provision,
respondeat superior,agency
or otherdoctrineconcerning for otherpersons,customor courseof dealingor any other
liability
legalor equitable ground(including any claimfor injunctive or declaratoryrelief).
Claimsthat arosein the past,or arisein the presentor f uture.Claimsare subjectto arbitration
whethertheyare madeindependently or withotherclaimsin proceedings involvingyou,me or
others.
Claimsthat are madeas counterclaims, cross-claims,third-partyclaims,interpleaders or
otherwise,and a partywho initiatesa proceedingin courl may electarbitrationwith respectto any
Claim(s)advancedin the lawsuitby any otherpafty or parties.
Claimsmadeas partof a classactionor otherrepresentative action,and the arbitrationof such
Claimsmustproceedon an individual (non-class, non-representative) basis.lf you or I require
arbitrationof a particularClaim,neitheryou,me, nor any otherpersonmay pursuethe Claimin
any litigation,whetheras a classaction,privateattorneygeneralaction,otherrepresentative
actionor otherwise.

Claims Excluded from Arbitration:

. Any Claimsif theyare filedby you or me in a smallclaimscourt,so longas the matterremainsin

suchcourland advancesonlyan individual (non-class,non-representative)
basis.

lnitiation of Arbitration:

The partyf ilingan arbitrationmust chooseone of the followingthreeadministrators ("Arbitration

Administrators"): NationalArbitrationForum;AmericanArbitrationAssociation; or JAMS.These
ArbitrationAdministrators are independent from you, and you and I mustfollowtheir rulesand procedures
for initiatingand pursuingan arbitration.lf I initiatethe arbitration,I must also notifyyou in writingat the
addresslistedon my most recentbillingstatement.lf you initiatethe arbitration,you must notifyme in
writingat my then currentbillingaddressor (if my Accountis closed)the lastaddressat whichyou
contactedme. Any arbitrationhearingthat I attendwill be held at a placechosenby the arbitratoror
ArbitrationAdministrator in the same countywhereinthe U.S. DistrictCoufi for my Districtis locatedor at
some otherplaceto whichyou and I agreein writing.You and I may obtaincopiesof the currentruleso{
each of the threeArbitrationAdministrators namedabove,and otherrelatedmaterials,includingforms
and instructions for initiatingan arbitration,by contactingthe ArbitrationAdministrators. I may contactyou
for the currentteleohonenumbersand addresses of the Arbitration Administrators.

Proceduresand law applicable in arbitration:

A single,neutralarbitratorwill resolveClaims.The arbitratorwill eitherbe a lawyerwith at leastten years

experienceor a retiredor formerjudge.The arbitratorwill be selectedin accordancewith the rulesof the
The arbitrationwill be conductedunderthe applicableproceduresand rulesof
arbitrationadministrator.
that are in elfecton the datethe arbitrationis f iled unlessthis arbitration
the arbitrationadministrator
provisionis inconsistent
withthoseprocedures and rules,in whichcasethisAgreementwillprevail.

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Theseproceduresand rulesmay limitthe amountof discoveryavailableto you or me. The arbitratorwill

applyapplicablesubstantivelaw consistentwith the FAA and applicablestatutesof limitations, and will
honorclaimsof privilegerecognizedat law. I may chooseto havea hearingand be representedby
counsel.The arbitratorwill take reasonablestepsto protectcustomerAccountinformationand other
confidentialinformation, including the use of protective
ordersto prohibitdisclosureoutsidethe
if requestedto do so by you or me. The arbitratorwill havethe powerto awardto a partyany
arbitration,
damagesor otherreliefprovidedfor underapplicablelaw,and will not havethe powerto awardreliefto,
against,or for the benefit of, any personwho is not a pafiy to the proceeding.The arbitratorwill makeany
awardin writingbut need not providea statementof reasonsunlessrequestedby a party.Upona request
by you or me, the arbitratorwill providea briefstatementof the reasonsfor the award.

Costs:

lf you filethe arbitration,

you willpaythe initialfilingfee. lf I filethe arbitration, I willpay the initialfilingfee
unlessI seekand qualifyfor a fee waiverunderthe applicable rulesof the Arbitration Administrator. You
willreimburse me for the initialfilingfee if I paidit and I prevail.lf thereis a hearing,you willpay any fees
of the arbitratorand ArbitrationAdministrator for the f irstdav of that hearino.All otherfees will be
ed in keepingwiththe rulesof the Arbitration Administrator and applicable law.However,you will
advanceor reimbursefilinqfees and otherfees if the ArbitrationAdministrator or arbitratordetermines
thereis good reasonfor requiringyou to do so, or I ask you and you determinethere is good causefor
doingso. Each partywill bearthe expenseof that party'sattorneys,experts,and witnesses,and other
expenses,regardlessof whichpafty prevails,exceptthat the arbitratorshallapplyany applicablelaw in
determiningwhethera partyshouldrecoverany or all expensesfrom anotherparty.

No consolidation or joinder of parties:

All partiesto the arbitration

mustbe individuallynamed.Claimsby personsotherthan individually named
partiesshall not be raisedor determined.Notwithstanding anythingelse that may be in this arbitration
provision,no classaction,privateattorneygeneralactionor otherrepresentative actionmay be pursued
in arbitration,nor may such actionbe pursuedin court if any partyhas electedarbitration.Unless
consentedto by all partiesto the arbitration,
Claimsof two or more personsmay not be joined,
consolidated or otherwisebroughttogetherin the same arbitration(unlessthosepersonsare applicants,
co-applicants on a singleAccountand/orrelatedAccountsor partiesto a singletransactionor related
transactions); thisis so whetheror notthe Claims(orany interestin the Claims)may havebeen
assigned.

Enforcement,f inality, appeals:

You or I may bringan action,including a summaryor expeditedmotion,to compelarbitration of Claims

subjectto arbitration,
or to stay the litigationof any Claimspendingarbitration,in any courthaving
jurisdiction.Suchactionmay be broughtat any time,evenif any suchClaimsare partof a lawsuit,unless
a trialhas begunor a f inaljudgmenthas beenentered.Failureor forbearance to enforcethisarbitration
provision at any particular
time,or in connection withany parlicular
Claims,willnot constitutea waiverof
any rightsto requirearbitrationat a latertimeor in connection withany otherClaims.Any additional or
differentagreementbetweenyou and me regardingarbitrationmust be in writing.

Withinf ifteendays afteran awardby the singlearbitrator,any partymay appealthe awardby requesting
in writinga new arbitrationbeforea panelof threeneutralarbitratorsdesignatedby the same Arbitration
Administrator. The panelwillconsiderallfactualand legalissuesanew,followthe samerulesthatapply
to a proceedingusinga singlearbitrator,and make decisionsbasedon the vote of the majority.Costswill
be allocatedin the same way they are allocatedfor arbitrationbeforea singlearbitralor.An awardby a
panel,or an awardby a singlearbitratorafterfifteendays has passed,shallbe linal and bindingon the
parties,subjectto judicialreviewthat may be permittedunderthe FAA.An awardin arbitrationwill be
enforceableas providedby the FAA or otherapplicablelaw by any courthavingjurisdiction. Judgment

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upon any arbitrationaward may be enteredin any court havingjurisdiction.

An award in arbitrationshall
determine the rightsand obligations
betweenthe named parties
only,and only in respectof the Claimsin
and shallnot haveany bearingon the rightsand obligations
arbitration, of any otherperson,nor on the
resolutionof any otherdisputeor controversy.

Severability,su rvival:

This shallsurvive:(i) acceleration, of the Noteand the relationship

terminationor modification between
you and me concerning of any party;and (iii)any transferor assignment
the Note;(ii)the bankruptcy of
my loanor the Note,or any amountsowed on my Account,to any otherperson.lf any porlionof this
arbitrationprovisionis deemedinvalidor unenforceable, the remaining portionsshallnevertheless remain
in force.In the eventmy loan or the Note,or any amountsowed on my Accountare assignedby you to
any otherperson,including any insurance companyacquiring this Noteby paymentor an insurance
claim,the termsof thesearbitration provisions
shallbe bindinguponand inureto the benefitof the
assigneeand me in the samemannerand to the sameextentas thoughsuchassigneewereyou.

ADDITIONALAGREEMENTS

My responsibility for repayingthis Note is unaffectedby the liabilityof any otherpersonto me or by your
tpilureto not notifyme that a requiredpaymenthas not been made.Withoutlosingany of your rights
underthis Noteyou may acceptlate paymentsand/orpartialpayments,even if marked"paidin f ull".
Unlessyou and I enterinto an expresswrittenagreement,no restrictiveendorsementon any paymentwill
be an accordand satisfaction of the balancedue underthe Note.You may delay,fail to exercise,or
waiveany of your rightson any occasionwithoutlosingyour entitlementto exercisesuch rightsat any
futuretime or on any f utureoccasion. You willnot be obligatedto makeany demanduponme, sendme
any notice,presentthis Noteto me for paymentor makeprotestof nonpaymentto me beforesuingto
collectthisNoteif I am in default,and to the extentpermitted by applicable law,I herebywaiveany rightI
mightotherwisehaveto requiresuch actions.

This Notewill be deemedto have been made in the Stateof Nevadaand your decisionon whetherto
lendme moneywillbe madein Nevada.Consequently, the provisions
of this Notewillbe governedby
federallawsand the lawsof the Stateof Nevada,withoutregardto conflictof laws rules.

I may not assignthis Noteor any of its benefitsor obligations.

You may assignthis Note,any amounts
owedon my Accountand any securityinteresthereunder at any timewithoutnoticeto me.

lf any provision
of this Noteis heldinvalidor unenforceable, that provision
willbe considered
omittedfrom
the Notewithoutaffectingthe validityor enforceability
of the remainderof the Note.

Exceptfor the forbearanceor defermentof payments,whichwill be deemedacceptedby me unlessI

objectin writing,you and I mustjointlyagree in writingto modifyany provisionof the Note.No
modificationwill affectthe validitvor enforceabilitv
of the remainderof the Note.

SECURITYINTEREST

I understandthat the proceedsof this loan are to be usedfor specific educationalexpenses.I grantyou a
securityinterestin any refundsof the proceedsof the loan givento me by my educationalinstitutionor
any otherpafiy.Collateral securityfor otherloans,otherthanthoseloanssecuredby my principal
dwelling,whichI may havewithyou willalsosecurethis loan.

NOTICES

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I willsendwrittennoticeto you within30 daysafterany changein my name,address,telephonenumber

or schoolenrollment.

Any noticeyou are requiredto give me will be consideredeffectivewhen mailedby f irstclass mailto the
most recentaddressyou havefor me or deliveredelectronically if I have requestedelectronicdelivery.

ENTIREAGREEMENT

The termsand conditionsof my Application, this Noteand the ConditionalApprovalLetter(s)constitute

the entireagreementbetweenyou and me. The termsof the ConditionalApprovalLetterregardingyour
interestrate(s)for each loan subjectto the termsof this Noteare herebyincorporatedintothis Note.

STATE LAW NOTICES

ARIZONA:I agreeto pay an effectiverateof interestequalto the rateof interestapplicableto this Note,
as set forth in "interest"above,plus any additionalrateof interestresultingf rom any otherfees or charges
paidor payableby me in connection withthis Notethat may be deemedto be interestunderapplicable
taw.

GEORGIA:I waiveany rightto requirethe Lenderto take actionagainstthe principals

as providedin
o . c . G . A$. 1 0 - 7 - 2 4

IOWA,KANSAS,AND MAINE:NOTICETO CONSUMER:1. Do not sign this agreementbeforeyou

read it. 2. You are entitled to a copy of this agreement.3. You may prepay the unpaid balance at
any time without penalty and may be entitled to receive a refund of unearnedcharges in
accordancewith law.

MAINE,NEW YORK,AND VERMONT:Citibank,N.A.may obtaina consumerreport(creditreport)about

me froma consumerrepofting agency(creditbureau).Uponmy request,I willbe informedwhetheror not
Citibank,N.A.obtaineda consumerreportaboutme and if so the nameand addressof the consumer
repoftingagencythat furnishedthe repoft.lf my applicationis approvedsubsequentconsumerrepofts
may be requestedor usedwithoutfurthernoticeto me in connectionwith (a) renewalor extensionof the
creditfor whichI haveapplied,(b) reviewing my loan,(c) takingcollection
actionon my loan,or (d) other
legitimatepurposesassociatedwith my loan.

INDIANAAND MAINE:The provisions of thisNoteregarding the paymentof collection

agencycostsand
courtcostsand wherelawsuitsmustbe fileddo not applyto Maineor Indianaresidents.

MISSOURI:ORAL LOAN AGREEMENTSOR COMMITMENTS TO LOAN MONEY,EXTENDCREDIT

OR TO FORBEARFROMENFORCING REPAYMENTOF SUCHDEBT INCLUDINGPROMISESTO
EXTENDOR RENEWSUCHDEBTARE NOT ENFORCEABLE. TO PROTECTYOU (BORROWER(S))
AND US (CREDITOR)
FROMMISUNDERSTANDING OR DISAPPOINTMENT,
ANY AGREEMENTS
WE REACHCOVERINGSUCHMATTERSARE CONTAINEDIN THISWRITING,WHICHIS THE
COMPLETEAND EXCLUSIVESTATEMENTOF THE AGREEMENTBETWEENUS, EXCEPTAS WE
MAY LATERAGREEIN WRITINGTO MODIFYIT.

OHIO:The Ohiolawsagainstdiscrimination requirethatall creditorsmakecreditequallyavailableto all

creditwodhycustomersand that creditreportingagenciesmaintainseparatecredithistorieson each
individual
uponrequest.The OhioCivilRightsCommission administers
compliance withthis law.

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OKLAHOMA:lf I am in defaultand the totalamountdisbursedunderthis Noteis greaterthan$3,400(or
any higherdollaramountestablishedby lawfor the paymentof suchfees),I agreeto pay the Lender's
courtcosts.
'1
TEXAS RESIDENTS:To contactthe Lenderaboutthis accountcall -BO0-538-8492. This contractis
subjectin wholeor in pafi to Texas law which is enforcedby the ConsumerCreditCommissioner,2601
NorthLamarBoulevard Austin,IX78705-4207,phone1-512-479-1285 or 1-800-538-1579.
Contactthe
Commissioner relativeto any inquiriesor complaints.

UTAHBORROWERS AND COSIGNERS: As requiredby law,I am herebynotifiedthata negativecredit

reportreflectingon my creditrecordmay be submittedto a creditreponingagencyif I fail to fulfillthe
termsof my creditobligations.

WESTVIRGINIARESIDENTS: The provisionsof this Notereleasing

the Lenderfrom liability
for any
claimarisingfrom the use of informationprovidedto the Lenderby othersor arisingfrom the Lender
providinginformationto othersand the provisionsof this Noteregardingthe paymentof collectionagency
costsdo not apply.

ISCONSINRESIDENTS: For marriedWisconsinresidents, mv siqnatureconfirmsthatthis loan

obligationis beingincurredin the interestof my marriageor family,No provisionof a maritalproperty
agreement(pre-marital agreement), a unilateral statementunderSection766.59of the Wisconsin
Statutes,or a courtdecreeunderSection766.70adverselyaffectsthe interestof the creditorunless,prior
to the time the creditis granted,the creditoris furnisheda copy of the maritalpropertyagreement,
statement,or decreeor has actualknowledgeof the adverseprovisionwhen the obligationto the creditor
is incurred.lf the loanfor whichI am applyingis granted,my spousewillalso receivenotificationthat
credithas been extendedto me.

VERMONT:NOTICETO CO-SIGNER:YOURSIGNATUREON THIS NOTEMEANSTHAT YOU ARE

EQUALLYLIABLEFOR REPAYMENTOF THIS LOAN.IF THE BORROWERDOESNOT PAY THE
LENDERHAS A LEGAL RIGHTTO COLLECTFROMYOU.

NEW YORK:By signingas a CosignerI am actingas a "guarantor" and if thereis a defaulton any of the
Borrower'sobligationsunderthe terms of the Note,I agreeto pay all sums due as set forth in the Note.
Thissum couldincludethe principal amountowed,plusinterestand otherfees/charges, plusreasonable
attorneyfees and collectionscostsas providedunderthe termsof the Notewhich I acknowledge
receivinga copypriorto signingas a guarantor I alsoagreethatyou can collectthisdebt
or co-signer.
from me withoutfirsttryingto collectfrom the Borrower.

NORTHCAROLINA:By signingas a CosignerI waiveany rightI haveto requirethe Lenderto proceedin

accordancewiththe provisionsof N.C.G.S.5526-7through26-9and acknowledge thatthe Lendermay
proceeddirectlyagainstme withoutfirstproceedingagainstthe Borroweror any collateralfor the Loan.

WISCONSINBORROWERS AND COSIGNERS: The provisions of this Noteregardingdefaultdo not

apply.Instead,I will be in default(a) if the intervalbetweenscheduledpaymentsis two monthsor less,
and I permitto be outstanding an amountexceeding one full paymentwhichhas remainedunpaidfor
morethan 10 days afterits scheduleddue date or deferreddue date,or I fail to pay the first paymentor
the lastpaymentwithin40 days of its scheduleddue date or deferreddue date,or (b) if the interval
betweenscheduledpaymentsis morethan two months,I permitto be outstandingall or any partof one
scheduled paymentwhichhas remainedunpaidfor morethan60 daysafterits scheduled due dateor
deferreddue date. I will also be in defaultif I fail to observeany otherprovisionof this Note,the breachof
whichmaterially impairsmy abilityto pay the amountsdue underthis Note.

CALIFORNIA
Noticeto Co-signer(Spanishtranslation)

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AVISOPARAEL FIADOR(SpanishTranslation
RequiredBy Law)

Se le esta pidiendoque garanticeesta deuda.Pienselocon cuidadoantesde ponersede acuerdo.Si la

personaque ha pedidoeste prestamono paga la deuda,ustedtendraque pagarla.Estesegurode que
ustedpodrapagarsi sea obligadoa pagarlay de que usteddeseaaceptarla responsabilidad. Si la
personaque ha pedidoel prestamono pagala deuda,es posibleque ustedtengaque pagarla suma
totalde la deuda,mas los cargospor tardarseen el pago o el costode cobranza,lo cual aumentael total
puedecobrarlea ustedsin, primeramente,
de esta suma. El acreedor(financiero) tratarde cobrarleal
deudor.Los mismosmetodosde cobranzaque puedenusarsecontrael deudor,podranusarsecontra
usted,talescomopresentaruna demandaen cone,quitarparlede su sueldo,etc.Si algunavez no se
cumplacon la obligacion de pagarestadeuda,se puedeincluiresa informacion en la historiade credito
de usted.Esteavisono es el contratomismoen que se le echa a ustedla responsabilidad de la deuda.

FEDERALNOTICETO CO-SIGNER

The co-signer is being asked to guaranteethis debt. Think carefully before agreeingto do this. lf
the Borrower doesn't pay this debt, the co-signer will have to. Be sure the co-signer can afford to
pay if necessary,and that the co-signer wants to accept this responsibility.The co-signer may
\ Thaveto pay up to the full amount of the debt if the Borrower does not pay. The co-signer may also
,/{ have to pay late charges or collection costs, which increasethis amount. The lender or holder of
\ this loan can collect this debt from the co-signer without first trying to collect from the Borrower.
n I /
\N / The lender or holder of this loan can use the same collection methods against the co-signer that
\y can be used against the Borrower,such as suing the co-signer,garnishing wages, etc. lf this debt
is ever in default,that fact may become part of the co-signer'scredit record.

This notice is not the contract that makes the co-signer liable for the debt.

Version332 - Borrower'sCopy

10/01/2006

MasterStudentLoanPromissoryNote/ Co-Signer's
Copy
The words"1","me", "my", "us" and "mine" meanthe Borrower(thestudent-applicant)
and co-signer
(theguarantor), The words"you", "your", and "yours" mean
exceptwhereotherwiseindicated.
Citibank,N.A.,its successors,
and assignsincluding
any insurancecompanyacquiring thisMaster
StudentLoan PromissoryNote ("Note")by paymentof an insuranceclaim.

Forthe purposeof determining for credit,I authorizeCitibank,N.A.(theBank),its agents,

my eligibility
and assignsto gathercreditinformation aboutme and to give informationaboutmy applicationto others
in accordancewith applicablelaws.I understandthat you normallyobtaincreditreportsfor all loan
applicantsand cosigners.Uponmy request,you will informme if a repod has been obtainedand will give
me the name and addressof the agencyfurnishingthe report.I understandthat f uturereportsmay be
orderedon me in connectionwith any review,renewalor extensionof creditunderthis Notewithout
furthernoticeto me. I authorizemy schooltoreceive,provide,and confirminformation regarding my
attendance, financialaid,and enrollment statusduringthe term of this Note.I understand
thatthe
proceedsof the initialor any subsequentLoan,if approved,must be usedfor educationalpurposesand
that disbursements will be sentto my Schoolon my behalfby checkor electronicf undstransfer.

DEFINITIONS

"Academic Year" is the periodof time, not to exceed'12consecutivemonths,whichyour schooldefines

as its "AcademicYear".

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The "DisbursementDate" is the date or dales,as notedon the checkor ElectronicFundsTransfer

(EFT)record,on whichyou lend moneyin consideration for my promiseto repayyou accordingto the
termsof this Note.lt will be the date a Loan,or any partof it, is advancedto me or to my schoolon my
behalf.

"Note" means,collectively, this MasterStudentLoan PromissoryNole,each and everyapplicationor

requestfor creditunderthe MasterStudentLoan PromissoryNote,ConditionalApprovalLetter,and
disclosuresrelatingto the creditreceivedby me underthe MasterStudentLoan PromissoryNote,unless
specificallyexcluded.

The "lnterim Period" is a time periodwhich beginson the first Disbursement Dateand ends six months
after I graduateor ceaseto be enrolledat leastparttime at an approvedschool.The InterimPeriodwill
neverexceedten (10)yearsplussix (6) monthsfor undergraduate studyand four (4) yearsplus six (6)
monthsfor graduatestudy.

"Loan" or "Loan(s)"meansthe principal sum(s)disbursed duringa standardacademicyearplus

g /accrued interestand fees and othercharges,if any, due on such disbursedsums.
\/
/x
// \ "Loan Fee(s)"meansa guarantyfee that you may chargeme to compensateyou againstthe riskof
n l/- default.The termsof my Loan,as set forth in a ConditionalApprovalLetter,will specifywhetherthe Loan
|.H Fee is to be chargedto me or my Loan balanceupon:approvalof a Loan,upon disbursement of an
\- advancemade underany Loan,at the commencement of the repaymentphase,or at some othertime.
Thisfee may be addedto the principalamountof any Loan(s).

The "RepaymentPeriod"is a time periodwhichbeginson the datethe InterimPeriodends.The

"StandardRepaymentPeriod"is a periodof 240 months.

and advancesmade by you on

The "Total Loan Amount" is the aggregateamountof all disbursements
all Loanssubjectto the terms of this Note.

whichyou attend,or planto attend

Referencesto "School" meanthe educationalor academicinstitution
and in connectionwhichyou havesoughta Loanor Loansfrom us to defrayyour educationalcosts.

PROMISETO PAY

I promiseto pay to Citibank,N.A.,its successors,assigns,and any otherholderof this Noteall sums

disbursedunderthe termsof this MasterStudentLoan PromissoryNote,togetherwith interestat the
rates(s)providedin the Note,late paymentcharges,Loan Fees and any otherfees or chargesowed
underthe termsof thisNote,including any allowablereasonable attorneys feesand othercostsyou incur
in collecting
amountsowedon this Note,all according to the termsof this Note,I willnot signthe
applicationbeforereadingthis Noteeven if otherwiseadvised.The termsand conditionsset forth in the
Noteconstitutethe entireagreementbetweenyou and me. I am entitledto an exactcopy of this Note.My
signaturecertifiesthat I read,understand,and agreeto the termsof this Note.

I understandand agreethat you may make multipleLoansunderthis Noteduringthe courseof my

attendanceat one or more Schools,and I agreethat each such Loan (whichmay consistof one or more
advancesor disbursements to my School)will be subjectto the termsof this Note.I furtherunderstand
that individualLoan(s)may havedifferentLoan Feesand VariableRatesas disclosedin the "lnterest"
sectionbelowand/orthe ConditionalApprovalLetterto be sent with respectto each such Loan.I
understandthat the termsof any ConditionalApprovalLettersent to me with respectto a Loan are
incorporated by referenceintothis Note.

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I agreethat no subsequent Loanswillbe madeunderthis Noteafterthe earliestof the followingdates:(i)

the date you receivemy writtennoticethat no furlherLoansmay be disbursedunderthis Note;(ii)one
year afterthe date of my signatureon this Note if no disbursement is made duringsuchtwelvemonth
period;or (iii)f ive yearsafterthe date of my signatureon this Note.

STATEMENT
LOAN AMOUNTDISCLOSURE

You havethe rightnot to make a Loanor to lend me an amountlessthan the amountthat I requested.I
agreethat the numberof disbursements with respectto an individualLoan will be limitedto one per term
and four per AcademicYear.You willsendme a disclosure statement tellingme the amountof any
disbursement(s) and otherinformationincludingany separatenoticesto co-signerrequiredby applicable
law. I will reviewthe disclosurestatementand otherdocumentsupon receivingthem and will contactyou
if I haveany questions.

My obligationto repayamountsadvancedfor my benefitoccursupon my receipt,or my School'sreceipt

of the amountof any LoanFeethat I may
on my behalf,of fundsdisbursedby you,or a disbursement
owe you underany Loan.

OWER'SRIGHTTO CANCEL

lf I am not satisfiedwith the terms of my Loan as approved,I may cancelany Loan and any
'15
disbursements, To cancelany disbursement underthis Note,I mustcontactyou in writingwithin days
of receivingthe disclosurestatementor co-signernotice,notifymy School,not endorseany Loancheck,
and ensurethat any Loan disbursements are returnedto you. Cancellation
of a disbursement does not
altermy obligationto repayamountsadvancedto me or to my Schoolon my behalfor to terminatethis
Notewith respectto priorLoans.I understandthat I may also cancelor reducethe size of any
disbursement by informing you in writingwithin'15daysof receiving the approvalletter,disclosure
statement or any subsequent disbursement. I may alsocancelany Loanby informing you in writingwithin
15 days of receivingthe ConditionalApprovalLetter,disclosurestatementor any subsequent
disbursement and by arranging for all disbursements to be returnedto you.

lf all or any portionof any Loanf undsdisbursedare returnedto you by the Schoolor me within30 days of
the Disbursement Date,you willchargeno interestor chargeson the funds returned.I understandthat if
a Loan is canceled,I will haveto reapplyto obtaina new Loan.

I alsofully understandthat the failureto completethe educationprogramundeftakenby me, as the

Borrower,does not relieveme of any obligationon this Note.

INTEREST

Intereston eachLoanundertheNotewillbe calculated at the VariableRate(as definedbelow)beginning

on the first Disbursement Dateon the principalbalanceadvancedand on any unpaidinterestaddedto
principal accordingto the Termsof Repayment belowuntiltheNoteis paidin full.lnterestwillbe
calculatedbasedon the actualcalendardays in any year and uponthe actualnumberof calendardays
fromthe Disbursement DateuntiltheNoteis oaidin full.

The "VariableRate"for each Loan made underthe Note is the sum of the PrimeRateoublishedin Ihe
WallStreetJournalunderthe "MoneyRates"sectionfor the day which is 30 days priorto the firstday of
January,April,Julyand Octoberof eachyear(the"lndex")plusor minusthe percentage, as identifiedon
the applicableConditionalApprovalLetterthat I receivedin connectionwith the Loan,whichis hereby
incorporatedintothis Note,per annum(the"Margin"), roundedto the nearesthundredth(.01"/"),but in no
eventgreaterthan the maximumallowedby law.The VariableRatewill changequarterlyon the f irstday
of January,April,July,and Octoberof each year (eacha "ChangeDate").For example,the VariableRate
for any JanuaryChangeDatewill be determinedby usingthe Indexpublishedin The WallStreetJournal

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for the precedingDecember2nd. lf The WallStreetJournalisnot publishedor the Indexis not given,
thenthe Indexwillbe determined by usingthe immediately preceding publishedIndex.In the eventthat
morethanone PrimeRateis published, the Indexwillbe the highestratepublished.lf the lndexceases
you willchoosea comparable
to be available, Index.

I understandthat the total interestdue on the Notewill be the aggregateamountof the interestdue on
each Loan made underthe Note.

TERMSOF REPAYMENT

I may, but am not requiredto make paymentsduringthe InterimPeriod.lf I chooseto makevoluntary

paymentsduringthis period,I understandthat all interestmust be paid beforethe principalcan be
reduced.

You will add all unpaidinterestto the principalbalanceof each Loanat the end of the InterimPeriod.
Duringthe InterimPeriod,you will send accountstatementson my Loan(s)at leastquarterlyto me.
ing my RepaymentPeriod,I will make consecutivemonthlypaymentsbasedon the amountsand on
due datesshownon my monthlystatements.I understandthat as the VariableRateon my Loan(s)
adjusts,the monthlypaymentamountmay increaseor decreaseor the numberof scheduled payments
may increaseor decreaseto be sufficientto fully repayall of the principal,interest,and othercharges
whichare owedon this Notewithinthe remaining repayment term.I understandthat I will receiveone
billingstatement whichwillseparately identifyand includeall Loansmadeto me underthe Note.

Beforethe beginning of the RepaymentPeriodI may receivea noticeallowingme to choosefrom

alternativerepayment options.My choicewilldictatethe amountof the monthlypaymentsand the timing
of periodicchangesin the monthlypaymentamount.lf I do not returnthis noticeto you, I willbe billed
throughoutthe RepaymentPeriodusingthe StandardRepaymentPeriod.Regardlessof the Total Loan
Amountthe monthlypaymentwillneverbe lessthan$50,(unlessthe amountowedunderthis Noteis
lessthan$50).In addition,if I haveotherloanspayableto you underothernotes,mytotalmonthly
paymentfor all of my loansto you,includingany Loanmadeunderthis Note,will neverbe lessthan$50
(unlessthe amountowed underall of my loansis lessthan$50.)

lf any portionof a monthlypaymentremainsunpaidfor a periodof morethan 10 daysafterthe due date,

you may chargeand I willpay a latepaymentchargeof up to $15 per delinquent
payment,but never
morethanthe maximumamountallowedby law.I willpay onlyone latepaymentchargeper monthly
paymentregardlessof the numberof days it is late.

Loan paymentswill be appliedfirstto charges,nextto unpaidinterest,and then to principal.I havethe

rightto repayall or any partof any Loansubjectto this Noteat any time withoutpenalty.lf I have more
than one Loan and do not provideinstructionsas to whichLoan a prepaymentis to be applied,you may
determinehow to applyit at yourdiscretion.

lf I am unableto repaymy Loan(s)accordingto the termsof the Note,I may requestthat you modifythe
termsof repayment.I understandthat such modification will be at your discretionand that if such
modificationresultsin a postponementor forbearanceof paymentsfor any period,interestwill continueto
accumulate duringthat period.Any unpaidinterestat the end of the forbearance periodwillbe addedto
the principalbalanceof my Loan(s).My obligation
to repayall Loansmadeunderthis Notewill remainin
forceeven if I becometotallyand permanentlydisabledor die.

I may prepaymy Loan(s)at any time withoutpenalty.

PRIVACY

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You willgiveme noticeof yourpoliciesregarding the disclosure of nonpublicinformation regardingme to

your affiliatesand unrelatedthirdpartiesand I will be giventhe rightto restrictsuch disclosuresas
providedby law. I authorizeyou and any schoolI attendto transfersuch inJormation as may be
necessaryto completeand reconcilethe disbursement of proceeds,maintainaccurateaccountrecords,
and certifymy continuingenrollmentstatus.

I must updatethe informationon my applicationwheneveryou ask me to do so. I authorizeyou to furnish

information aboutany Loan made underthis Noteto consumerreportingagenciesand to otherslegally
allowedto receivesuch information. I authorizeyou to obtaincreditinformationaboutme, now and in the
future,for any legitimatepurposeassociatedwith the applicationor any Loan.lf my applicationis
declined,you willsendan adverseactionnotice,whichmay includespecificreasons,to me, as required
about my loanto
by applicablelaw. I understandthat if I defaulton my Loan(s),disclosureof information
consumerreportingagenciesmay adverselyaffectmy creditrating.

Forthe purposeof learningmy currentaddressand telephonenumber,I authorizeyou to release

information
and makeinquiries to the individuals
I havelistedon my application.

DEFAULT

To the extentpermittedby law, I will be in defaultand you will havethe rightto give me noticethat the
outstandingprincipalbalance,accruedinterestand all otheramountsdue to you underthe termsof
the Noteare due and payableat once,subjectto any law whichmay giveme the rightto curemy default,
if (1) | failto makemy monthlypaymentto you whendue,(2) | failto notifyyou of a changein my name,
address,or schoolenrollmentstatuswithin30 days aftera changeoccurs,(3) | breakany of my other
promisesin this Note,(4) any bankruptcy proceeding is begunby or againstme, (5) if I assignany of my
assetsfor the benefitof my creditors,(6) | make any falsewrittenstatementin applyingfor this loan or in
any communication concerning thisloan,(7) I failto remitto you any refundof loanproceeds, or (8) |
defaultunderthe termsof any otherloan made by you to me.

In the eventof my death,you may cancelany remaining (future)disbursements,end the lnterimPeriod

immediatelyin the case of the Borrower'sdeath,and makea claimagainstthe estateof the decedentfor
paymentof the amountdue on the Note,whetherin repayment or not,withoutreleasingthe surviving
Borroweror co-signer f rom obligations
on this Noteor any Loansubjectto this Note.

lf I defaultunderany Loan subjectto this Note,I will be requiredto pay interestat the contractrate(s)
providedfor said Loan(s)whichaccumulatesafterdefaultaccordingto the terms of this Note.The interest
rateafterdefaultor afternoticeof demandfor paymentin full will be subjectto adjustmentin the same
manneras priorto the default.lf I default,I will also be responsible
to pay reasonablecollectioncosts,
includingreasonableattorney'scharges,courtcostsand collectionchargesto the extentallowedby law.

Notice: The following"Notice"is providedto you underfederallaw to warn you of the negativeimpact
thatyourdefaultingon yourobligations underthis Notemay haveon yourcreditrating.

We may reportinformationaboutyour Loan(s)and this Noteto creditbureaus.Late

payments,missedpayments,or otherdefaultson your Loan(s)may be reflectedin
your creditrepoft.

I N S U R A N C EA:S S I G N M E NO
TF NOTE

I understandthat you may obtaininsuranceto insurepaymentof any Loan made underthis Note upon
default.lf any insurance
company,its subsidiaries, or assignees are requiredunderany insurance
agreementto repayany and all Loanssubjectto this Note,such companywill becomethe holderof this
Noteand will haveall the rightsof the originallenderto enforcethis Note.

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ARBITRATION
OF DISPUTES

PLEASEREADTHISARBITRATION PROVISION CAREFULLY. IT PROVIDESTHAT EITHERYOU OR

I CAN REQUIRETHATANY CONTROVERSY OR DISPUTEBE RESOLVEDBY BINDING
ARBITRATION (EXCEPTFOR MATTERSTHATARE EXCLUDEDFROMARBITRATION AS
RN
s p E c t F t E DB E L O W )A. R B T T R A T T O EPLACET S H E R T G H T O G O T O C O U R T I, N C L U D I N G
THE
R I G H TT O A J U R YA N DT H E R I G H TT O P A R T I C I P A TIE N A C L A S SA C T I O NO R S I M I L A R
PROCEEDING. IN ARBITRATION, A DISPUTEIS RESOLVEDBY A NEUTRALARBITRATOR
INSTEAD O F A J U D G EO R J U R Y .A R B I T R A T I OPNR O C E D U R EASR E S I M P L E RA N D M O R EL I M I T E D
T H A NR U L E SA P P L I C A B L IEN C O U R T .

provision,
Definitions.As usedin thisarbitration the followingdefinitions
willapply:

"Claim"meansany case,controversy, lawsuitor claim now or

dispute,tort,disagreement,
hereafterexistingbetweenyou and me arisingout of or in connectionwith my loan.
"Account"meansmy agreementwith you as evidencedby the loan applicationand Notealong
with any and all recordsor transactionsrelatedthereto.

ADDITIONALCOVENANTS. In additionto the covenants

and agreements
madein the loanapplication
tlv / /and you
Note, and lfurtheragree as follows:
{'x\ Agreementto arbitrate:
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\rf You and I agreethat eitheryou or I may,withoutthe other'sconsent,requirethat any Claimsbetween
you and me be submittedto mandatory,bindingarbitrationexceptfor cefiainmattersexcludedbelow.
This arbitrationprovisionis made pursuantto a transactioninvolvinginterstatecommerce,and shallbe
governedby, and enforceable under,the FederalArbitrationAct (the"FAA"),9 U.S.C.$1 et seq.,and (to
the extentStatelaw is applicable),the Statelaw governingthis transaction.

Claims subject to Arbitration include, but are not limited to:

Claimsrelatingto: 1) any and all aspectsof my Accountincluding withoutlimitation the

origination,establishment, terms,treatment, operation,handling,billing,servicing,limitationson
or terminationor acceleration of my Account;2)anydisclosuresor statementsrelatingto my
Account;3) the application,enforceability or interpretation
of my Account,includingthis arbitration
provision. Any questions aboutwhatClaimsare subjectto arbitration shallbe resolvedby
interpretingthis arbitrationprovisionin the broadestway the law will allowit to be enforced.
Claimsmadedirectlyby me as wellas Claimsmadeby anyoneconnectedwithme or claiming
throughme, suchas a co-applicant or co-signer on my Account,my agent,representative or
heirs,or a trusteein bankruptcy. Similarly,Claimssubjectto arbitrationincludenot onlyClaims
that relatedirectlyto you, a parentcompany,affiliatedcompanyand any predecessors and
successorsand assigns(andthe employees,officersand directorsof all of these entities),but
also Claimsfor whichyou may be directlyor indirectlyliable,even if you are not properlynamed
at the timethe Claimis made.
Claimsbasedon any theoryof law,any contract,statute,regulation, ordinance, torl (including
fraudor any intentional tort),commonlaw,constitutional provision,respondeat superior,agency
or otherdoctrineconcerning for otherpersons,customor courseof dealingor any other
liability
legalor equitable ground(including any claimfor injunctive or declaratoryrelief).
Claimsthat arosein the past,or arisein the presentor f uture.Claimsare subjectto arbitration
whethertheyare madeindependently or withotherclaimsin proceedings involving you,me or
others.
Claimsthatare madeas counterclaims, cross-claims,third-party
claims,interpleaders or
otherwise,and a partywho initiatesa proceedingin courtmay electarbitrationwith respectto any
Claim(s)advancedin the lawsuitby any otherpartyor parties.

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. Claimsmadeas partof a classactionor otherrepresentative action,and the arbitrationof such

Claimsmust proceedon an individual(non-class,non-representative) basis.lf you or I require
arbitration Claim,neitheryou,me, nor any otherpersonmay pursuethe Claimin
of a particular
any litigation,whetheras a classaction,privateattorneygeneralaction,otherrepresentative
actionor otherwise.

Claims Excluded from Arbitration:

. Any Claimsif theyare filedby you or me in a smallclaimscourt,so longas the matterremainsin

suchcourtand advancesonlyan individual (non-class,non-representative)
basis.

Initiationof Arbitration:

The partyfilingan arbitrationmust chooseone of the followingthreeadministrators ("Arbitration

Administrators"): NationalArbitrationForum;AmericanArbitrationAssociation; or JAMS.These
ArbitrationAdministrators are independent from you, and you and I mustfollowtheir rulesand procedures
for initiatingand pursuingan arbitration.lf I initiatethe arbitration,I mustalso notifyyou in writingat the
addresslistedon my most recentbillingstatement.ll you initiatethe arbitration, you must notifyme in
writingat my then currentbillingaddressor (if my Accountis closed)the lastaddressat whichyou
contactedme. Any arbitrationhearingthat I attendwill be held at a placechosenby the arbitratoror
ArbitrationAdministrator in the same countywhereinthe U.S. DistrictCourtfor my Districtis locatedor at
5 y'ome other place to which you and I agreein writing.You and I may obtaincopiesof the currentrulesof
/,/ each of the three Arbitration Administrators namedabove,and otherrelatedmaterials,includingforms
t and instructions for initiatingan arbitration,
by contactingthe ArbitrationAdministrators. I may contactyou
S{/
I lv,l '/ for the currenttelephonenumbersand addressesof the ArbitrationAdministrators.
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Proceduresand law applicable in arbitration:

A single,neutralarbitratorwill resolveClaims.The arbitratorwill eitherbe a lawyerwith at leastten years

experienceor a retiredor formerjudge.The arbitratorwill be selectedin accordancewiththe rulesof the
arbitrationadministrator.The arbitrationwill be conductedunderthe applicableproceduresand rulesof
the arbitrationadministrator that are in effecton the date the arbitrationis filed unlessthis arbitration
provisionis inconsistentwiththoseproceduresand rules,in whichcase this Agreementr,rrill prevail.
Theseproceduresand rulesmay limitthe amountof discoveryavailableto you or me. The arbitratorwill
applyapplicablesubstantivelaw consistentwith the FAA and applicablestatutesof limitations, and will
honorclaimsof privilegerecognizedat law. I may chooseto havea hearingand be representedby
counsel.The arbitratorwill take reasonablestepsto protectcustomerAccountinformationand other
confidentialinformation,includingthe use of protectiveordersto prohibitdisclosureoutsidethe
if requestedto do so by you or me. The arbitratorwill havethe powerto awardto a partyany
arbitration,
damagesor otherreliefprovidedfor underapplicablelaw,and will not havethe powerto award reliefto,
against,or for the benefitof, any personwho is not a partyto the proceeding.The arbitratorwill make any
awardin writingbut need not providea statementof reasonsunlessrequestedby a party.Upona request
by you or me, the arbitratorwill providea briefstatementof the reasonsfor the award.

Costs:

lf you filethe arbitration,

you willpaythe initialfilingfee. lf I f ilethe arbitration,I willpaythe initialf ilingfee
unlessI seek and qualifyfor a fee waiverunderthe applicablerulesof the ArbitrationAdministrator. You
willreimburse me for the initialfilingfee if I paidit and I prevail,lf thereis a hearing,you willpay any fees
of the arbitratorand ArbitrationAdministrator for the firstday of that hearing.All otherfees will be
allocatedin keepingwiththe rulesof the ArbitrationAdministrator and applicablelaw. However,you will
advanceor reimbursefilingfees and otherfees if the ArbitrationAdministrator or arbitratordetermines
thereis good reasonfor requiringyou to do so, or I ask you and you determinethere is good causefor
doingso. Eachpartywill bearthe expenseof that pafiy'sattorneys,experts,and witnesses,and other

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expenses,regardlessof whichpartyprevails,exceptthat the arbitratorshallapplyany applicablelaw in

determiningwhethera partyshouldrecoverany or all expensesfrom anotherparty.

No consolidation or joinder of parties:

All partiesto the arbitration

mustbe individually named.Claimsby personsotherthan individually named
partiesshall not be raisedor determined.Notwithstanding anythingelsethat may be in this arbitration
provision,no classaction,privateattorneygeneralactionor otherrepresentative actionmay be pursued
in arbitration,nor may such actionbe pursuedin courl if any partyhas electedarbitration.Unless
consentedto by all partiesto the arbitration,Claimsof two or more personsmay not be joined,
consolidated or otherwisebroughttogetherin the same arbitration(unlessthosepersonsare applicants,
co-applicants on a singleAccountand/orrelatedAccountsor partiesto a singletransactionor related
transactions); this is so whetheror notthe Claims(or any interestin the Claims)may havebeen
assigned.

Enforcement,f inality, appeals:

You or I may bringan action,including a summaryor expeditedmotion,to compelarbitration of Claims

or to staythe litigationof any Claimspendingarbitration,in any courthaving
subjectto arbitration,
Suchactionmay be broughtat any time,even if any such Claimsare part of a lawsuit,unless
has begunor a f inaljudgmenthas been entered.Failureor forbearanceto enforcethis arbitration
ion at any particular
time,or in connection withany particularClaims,willnot constitute
a waiverof
any rightsto requirearbitrationat a latertime or in connectionwith any otherClaims.Any additionalor
differentagreementbetweenyou and me regardingarbitrationmust be in writing.

Withinfifteendays afteran awardby the singlearbitrator,any partymay appealthe awardby requesting

in writinga new arbitrationbeforea panelof threeneutralarbitratorsdesignatedby the same Arbitration
Administrator. The panelwillconsiderallfactualand legalissuesanew,followthe samerulesthatapply
to a proceedingusinga singlearbitrator,and makedecisionsbasedon the vote of the majority,Costswill
be allocatedin the same way they are allocatedfor arbitrationbeforea singlearbitrator.An awardby a
panel,or an awardby a singlearbitratorafterfifteendays has passed,shallbe f inaland bindingon the
parties,subjectto judicialreviewthat may be permittedunderthe FAA.An awardin arbitrationwill be
enforceableas providedby the FAA or otherapplicablelaw by any court havingjurisdiction. Judgment
uponany arbitrationaward may be enteredin any court havingjurisdiction. An awardin arbitrationshall
determine betweenthe namedpartiesonly,and only in respectof the Claimsin
the rightsand obligations
arbitration,and shallnot haveany bearingon the rightsand obligations of any otherperson,nor on the
resolutionof any otherdisputeor controversy.

Severability,survival:

This shallsurvive:(i) acceleration,

terminationor modification
of the Noteand the relationship between
you and me concerning the Note;(ii)the bankruptcy
of any party;and (iii)any transferor assignmentof
my loanor the Note,or any amountsowed on my Account,to any otherperson.lf any portionof this
arbitrationprovisionis deemedinvalidor unenforceable, the remaining portionsshallnevertheless remain
in force.In the eventmy loan or the Note,or any amountsowed on my Accountare assignedby you to
any otherperson,including any insurance companyacquiring this Noteby paymentor an insurance
claim,the termsof thesearbitration provisions
shallbe bindinguponand inureto the benefitof the
assigneeand me in the samemannerand to the sameextentas thoughsuchassigneewereyou.

ADDITIONALAGREEMENTS

My responsibility for repayingthis Note is unaffectedby the liabilityof any otherpersonto me or by your
failureto not notifyme that a requiredpaymenthas not been made.Withoutlosingany of your rights
underthis Noteyou may acceptlate paymentsand/orpartialpayments,even if marked"paidin f ull".

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A M AAGq &nrh4L_
Unlessyou and I enterinto an expresswrittenagreement,no restrictiveendorsementon any paymentwill
be an accordand satisfaction of the balancedue underthe Note.You may delay,fail to exercise,or
waiveany of your rightson any occasionwithoutlosingyour entitlementto exercisesuch rightsat any
f uturetimeor on any f utureoccasion. You willnot be obligatedto makeany demanduponme, sendme
any notice,presentthis Noteto me for paymentor make protestof nonpaymentto me beforesuingto
collectthis Note if I am in default,and to the extentpermittedby applicablelaw, I herebywaiveany rightI
mightotherwisehaveto requiresuch actions.

This Notewill be deemedto have been made in the Stateof Nevadaand your decisionon whetherto
lend me moneywill be made in Nevada.Consequently, the provisionsof this Notewill be governedby
federallawsand the lawsof the Stateof Nevada,withoutregardto conflictof laws rules.

I may not assignthis Noteor any of its benefitsor obligations.

You may assignthis Note,any amounts
owed on my Accountand any securityinteresthereunderat any time withoutnoticeto me.

lf any provisionof this Note is held invalidor unenforceable,that provisionwill be consideredomittedfrom

the Notewithoutaffectingthe validityor enforceability of the remainderof the Note.

for the forbearanceor defermentof payments,whichwill be deemedacceptedby me unlessI

objectin writing,you and I mustjointlyagreein writingto modilyany provisionof the Note.No
modification will affectthe validityor enforceability
of the remainderof the Note.

SECURITYINTEREST

I understandthat the proceedsof this loanare to be usedfor specific educationalexpenses.I grantyou a

securityinterestin any refundsof the proceedsof the loan givento me by my educationalinstitutionor
any otherparty.Collateralsecurityfor otherloans,otherthanthose loanssecuredby my principal
dwelling,whichI may havewithyou willalsosecurethis loan.

NOTICES

I willsendwrittennoticeto you within30 daysalterany changein my name,address,telephonenumber

or schoolenrollment.

Any noticeyou are requiredto give me will be consideredeffectivewhen mailedby firstclassmailto the
most recentaddressyou havefor me or deliveredelectronically if I have requestedelectronicdelivery.

ENTIREAGREEMENT

The termsand conditionsof my Application, this Noteand the ConditionalApprovalLetter(s)constitute

the entireagreementbetweenyou and me. The termsof the ConditionalApprovalLetterregardingyour
interestrate(s)foreach loansubjectto the termsof this Noteare herebyincorporated intothis Note.

STATE LAW NOTICES

ARIZONA:I agreeto pay an effectiverateof interestequalto the rateof interestapplicableto this Note,
as set forth in "interest"above,plus any additionalrateof interestresultingf rom any otherfees or charges
paidor payableby me in connectionwith this Notethat may be deemedto be interestunderapplicable
law.

CALIFORNIARESIDENTS:As requiredby law, I am herebynotifiedthat a negativecreditreportreflected

on my creditrecordmay be submittedto a creditreportingagencyif I fail to fulfill the termsof my credit
obligations.
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as providedin
GEORGIA:I waiveany rightto requirethe Lenderto take actionagainstthe principals
o.c.G.A. s 1o-7-24

IOWA,KANSAS,AND MAINE:NOTICETO CONSUMER:1. Do not sign this agreementbeforeyou

read it. 2. You are entitled to a copy of this agreement.3. You may prepay the unpaid balanceat
any time without penalty and may be entitled to receivea refund of unearned charges in
accordancewith law.

MAINE,NEW YORK,AND VERMONT:Citibank,N.A.may obtaina consumerreport(creditrepofi)about

me froma consumerreporting agency(creditbureau).Uponmy request,I willbe informedwhetheror not
Citibank,N.A.obtaineda consumerrepoftaboutme and if so the nameand addressof the consumer
reportingagencythat f urnishedthe report.lf my applicationis approvedsubsequentconsumerreports
may be requestedor usedwithoutfurthernoticeto me in connectionwith (a) renewalor extensionof the
creditfor whichI haveapplied,(b) reviewing my loan,(c) takingcollection
actionon my loan,or (d) other
legitimatepurposesassociatedwith my loan.

INDIANAAND MAINE:The provisions of this Noteregarding the paymentof collection

agencycostsand
courtcostsand where lawsuitsmust be f ileddo not applyto Maineor Indianaresidents.

ISSOURI:ORAL LOAN AGREEMENTSOR COMMITMENTS TO LOAN MONEY.EXTENDCREDIT

OR TO FORBEARFROMENFORCING REPAYMENTOF SUCHDEBT INCLUDINGPROMISESTO
D OR RENEWSUCHDEBTARE NOT ENFORCEABLE, TO PROTECTyOU (BORROWER(S))
AND US (CRED|TOR)
FROMMTSUNDERSTANDTNG OR DISAPPOTNTMENT,
ANY AGREEMENTS
WE REACHCOVERINGSUCHMATTERSARE CONTAINEDIN THISWRITING,WHICHIS THE
COMPLETEAND EXCLUSIVESTATEMENTOF THE AGREEMENTBETWEENUS. EXCEPTAS WE
MAY LATERAGREEIN WRITINGTO MODIFYIT.

OHIO:The Ohiolawsagainstdiscrimination requirethatall creditorsmakecreditequallyavailableto all

creditworthy
customersand that creditreportingagenciesmaintainseparatecredithistorieson each
individual
uponrequest.The OhioCivilRightsCommission administers
compliance withthis law.

OKLAHOMA:lf I am in defaultand the totalamountdisbursedunderthis Noteis greaterthan$3,400(or

any higherdollaramountestablishedby law for the paymentof suchfees),I agreeto paythe Lender's
courtcosts.

TEXASRESIDENTS: To contactthe Lenderaboutthisaccountcall '1-800-538-8492.

Thiscontractis
subjectin wholeor in pad to Texaslaw whichis enforcedby the ConsumerCreditCommissioner,2601
NofihLamarBoulevard Austin,fX78705-4207,phone1-512-479-1285 or 1-800-538-1579.
Contactthe
Commissioner relativeto any inquiries
or complaints.

UTAHBORROWERS AND COSIGNERS: As requiredby law,I am herebynotifiedthata negativecredit

reportreflectingon my creditrecordmay be submittedto a creditreportingagencyif I failto fulfillthe
termsof my creditobligations.

WESTVIRGINIARESIDENTS: The provisions

of this Notereleasing the Lenderf rom liability
for any
providedto the Lenderby othersor arisingfromthe Lender
claimarisingfromthe use of information
providinginformation
to othersand the provisionsof this Note regardingthe paymentof collectionagency
costsdo not apply.

WISCONSINRESIDENTS: For marriedWisconsinresidents, my signatureconfirmsthatthis loan

obligationis beingincurredin the interestof my marriageor family.No provisionof a maritalproperty
agreement(pre-marital agreement), a unilateral statementunderSection766.59of the Wisconsin
Statutes,or a coutt decreeunderSection766.70adverselyaffectsthe interestof the creditorunless,prior
to the time the creditis granted,the creditoris furnisheda copy of the maritalpropertyagreement,

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statement,or decreeor has actualknowledgeol the adverseprovisionwhenthe obligationto the creditor

is incurred.lf the loanfor which I am applyingis granted,my spousewill also receivenotification
that
credithas been extendedto me.

VERMONT:NOTICETO CO-SIGNER:YOURSIGNATUREON THISNOTEMEANSTHAT YOU ARE

EQUALLYLIABLEFOR REPAYMENTOF THIS LOAN.IF THE BORROWERDOESNOT PAY THE
LENDERHAS A LEGAL RIGHTTO COLLECTFROMYOU.

NEW YORK:By signingas a CosignerI am actingas a "guarantor" and if thereis a defaulton any of the
Borrower'sobligationsunderthe terms of the Note,I agreeto pay all sums due as set forth in the Note.
Thissum couldincludethe principal amountowed,plusinterestand otherfees/charges, plusreasonable
attorneyfees and collectionscostsas providedunderthe termsof the Notewhich I acknowledge
receivinga copy priorto signingas a guarantoror co-signer.I also agreethat you can collectthis debt
from me withoutfirsttryingto collectfrom the Borrower.

NORTHCAROLINA:By signingas a CosignerI waiveany rightI haveto requirethe Lenderto proceedin

accordancewiththe provisionsof N.C.G.S.5526-7through26-9and acknowledge thatthe Lendermay
proceeddirectlyagainstme withoutfirst proceedingagainstthe Borroweror any collateralfor the Loan.

CONSINBORROWERS AND COSIGNERS:The provisions of thisNoteregarding defaultdo not

apply.Instead,I will be in default(a) if the intervalbetweenscheduledpaymentsis two monthsor less,
and I permitto be outstanding an amountexceeding one full paymentwhichhas remainedunpaidfor
than 10 days afterits scheduleddue date or deferreddue date,or I fail to pay the f irst paymentor
the lastpaymentwithin40 days of its scheduleddue date or deferreddue date,or (b) if the interval
betweenscheduledpaymentsis morethan two months,I permitto be outstandingall or any pafi of one
scheduledpaymentwhichhas remainedunpaidfor morethan 60 days afterits scheduleddue date or
deferreddue date. I will also be in defaultif I fail to observeany otherprovisionof this Note,the breachof
whichmaterially impairsmy abilityto pay the amountsdue underthis Note.

Noticeto Co-signer(Spanishtranslation)
CALIFORNIA

AVISOPARAEL FIADOR(SpanishTranslation
RequiredBy Law)

Se le estapidiendoque garantice estadeuda.Pienselocon cuidadoantesde ponersede acuerdo.Si la

personaque ha pedidoesteprestamono pagala deuda,ustedtendraque pagarla.Estesegurode que
ustedpodrapagarsi sea obligadoa pagarlay de que usteddeseaaceptarla responsabilidad. Si la
personaque ha pedidoel prestamono pagala deuda,es posibleque ustedtengaque pagarla suma
totalde la deuda,mas los cargospor tardarseen el pago o el costode cobranza,lo cual aumentael total
de esta suma. El acreedor(financiero)
puedecobrarlea ustedsin, primeramente, tratarde cobrarleal
deudor.Los mismosmetodosde cobranzaque puedenusarsecontrael deudor,podranusarsecontra
usted,talescomopresentar una demandaen cofte,quitarpartede su sueldo,etc.Si algunavez no se
cumplacon la obligacionde pagarestadeuda,se puedeincluiresa informacion en la historiade credito
de usted,Esteavisono es el contratomismoen que se le echa a ustedla responsabilidad de la deuda.

FEDERALNOTICETO CO.SIGNER

The co-signer is being asked to guaranteethis debt. Think carefully before agreeing to do this. lf
the Borrower doesn't pay this debt, the co-signer will have to. Be sure the co-signer can afford to
pay if necessary,and that the co-signer wants to accept this responsibility.The co-signer may
have to pay up to the full amount of the debt if the Borrower does not pay. The co-signer may also
have to pay late charges or collection costs, which increasethis amount. The lender or holder of
this loan can collect this debt from the co-signer without first trying to collect from the Borrower.
The lender or holder of this loan can use the same collection methods against the co-signer that

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can be used againstthe Borrower,such as suing the co-signer,garnishingwages,etc. lf this debt
is ever in default,that fact may becomepart of the co-signer'scredit record.

This noticeis not the contractthat makesthe co-signerliablefor the debt.

Version332- Co-Signer's
Copy

1010112006

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