ELM Resources Expands List of Lenders.

Adds To The Over 2,200 Lender Codes Currently Available To Schools

OAKLAND, Calif. -- ELM Resources, a leading provider of technology products and services to the higher education financial aid industry, announced today that its Board of Directors has approved the membership of four student loan lending institutions. National Education joins ELM at the Member level which is reserved for lenders that process large enterprise school record volume. Kansas State Bank, Discover Bank and the Massachusetts Educational Financing Authority joins ELM at the Affiliate level which is designed to provide value level service for processing school records. Urban Trust Bank Education Finance LLC and the University of Wisconsin Credit Union also joined as Affiliates earlier this year. With the addition of these lenders, ELM continues to solidify its lender selection with over 90% of lenders and guarantors in its membership.

"We welcome our new members and affiliates to ELM. We are honored that they have selected us as their data exchange and disbursement technology for student loans," said Jeffrey Connors, CEO and President of ELM Resources. "We continue to grow our selection of lenders even as we have implemented over 300 new campuses so far in 2007 on ELMNet. We expect to continue adding both new lenders and new schools in the fourth quarter."

"We are pleased to be a member of ELM Resources. We look forward to growing with this premier data exchange student loan partner. In the past few years, ELMNet and ELM NDN have become the standard in the student loan industry. We are confident ELM Resources will continue to provide productive and innovative data exchange processing solutions," said Joe Gano, CEO and President of National Education. "In addition, ELM's reputation within the industry for having high integrity aligns with our own business philosophy of offering our products and services in a manner consistent with the spirit of the Higher Education Act."

About ELM Resources

ELM Resources began in 1994 and is the only not-for-profit mutual benefit corporation serving the student loan industry, including universities, colleges, lenders and guarantors. ELM provides a common, non-proprietary and open data exchange and disbursement system that seamlessly links the diverse computing platforms of schools, lenders and guarantors while providing real-time loan inquiry to borrowers. Over 2,000 campuses use ELM Resources to send and receive loan data from FFELP and alternative loans with the lender or guarantor of their choice. More information about ELM Resources is available at www.elmresources.com.

About National Education

Established in 1988 to provide cost-effective education loans, National Education's only business is education lending. We have over 19 years of education loan experience, enabling us to focus on providing you with the savings and service you need. With offices in key locations around the country, National Education provides direct marketing support to the financial aid offices of many educational institutions.