SAN DIEGO, June 7 /PRNewswire-FirstCall/ -- If you're a graduate with
student loans, getting free money to put toward your monthly payment would be
an unexpected bonus. Winning $50,000 to pay off your student loans might just
make your year.
That's what Student Loan Xpress, a subsidiary of Education Lending Group,
Inc. (Nasdaq: EDLG), is hoping with its "$50K Student Loan Payment
Sweepstakes." In the online sweepstakes, which Student Loan Xpress will host
June 7 through Sept. 5, borrowers can enter weekly drawings to win one of two
$200 prizes -- and also enter to win a $50,000 grand prize. The sweepstakes
is available at the Consolidation Assistance Program loan site of Student Loan
"Students just starting out after college have many expenses," said
Fabrizio Balestri, president and CEO of Student Loan Xpress. "By providing
borrowers with a chance to win the funds to make their monthly payment, or to
pay off their loans entirely, we hope to help make their post-graduate life
that much easier."
While at the site, student borrowers can learn about consolidating their
student loans through Consolidation Assistance Program, which offers rates for
new graduates as low as 1.625 percent -- the lowest rate in the history of the
federal consolidation program. "Now is definitely the time to consolidate,"
Balestri said. "With a low fixed rate and repayment options to fit any
situation, a consolidation loan is often one of the best financial decisions a
new graduate can make."
Borrowers may enter the sweepstakes once daily, and they do not need to
apply for a consolidation loan to enter. For additional information and
complete rules, go to www.capsweeps.com, or call 1-888-811-1845.
ABOUT STUDENT LOAN XPRESS AND EDUCATION LENDING GROUP
Student Loan Xpress, Inc., a subsidiary of Education Lending Group, Inc.
(Nasdaq: EDLG), is a national lender of Federal Stafford and Parent Loan For
Undergraduate Students (PLUS) loans, and provides access to alternative
(private) education loans, with a long-term commitment to students and
families. Based in San Diego, Student Loan Xpress utilizes Fifth Third Bank
as its eligible lender trustee. Student Loan Xpress is a registered trademark
of Student Loan Xpress, Inc. For more information, call 1-866-SLX-PRES or
Education Lending Group is a specialty finance company principally engaged
in providing student loan products, services and solutions to students,
parents, schools and alumni associations. Its business is focused on
originating and purchasing guaranteed student loans through the Federal Family
Education Loan Program (FFELP), including consolidation loans,
Stafford loans and PLUS loans. For more information, visit
www.educationlendinggroup.com or call (858) 617-6080.
This press release may include forward-looking statements within the
meaning of Section 7A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934. We have based these
forward-looking statements on the Company's current expectations and
projections about future events. These forward-looking statements are subject
to known and unknown risks, uncertainties and assumptions about us and the
Company's affiliate companies, that may cause the Company's actual results,
levels of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as "may," "will,"
"should," "could," "would," "expect," "plan," "anticipate," "believe,"
"estimate," "continue," or the negative of such terms or other similar
expressions. Factors that might cause or contribute to such a discrepancy
include, but are not limited to, those identified in the Company's Securities
and Exchange Commission filings, including the Company's 2003 Annual Report on
Form 10-K, filed on March 12, 2004. The discussion should be read in
conjunction with the Company's Financial Statements and related Notes thereto
included in the Company's Form 10-K and Form 10-Q filings.
SOURCE Education Lending Group, Inc.