TY 2010 Form 990

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)	(C) Position (check all that apply)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(1) CARL DALSTROM PRESIDENT & CEO	40.00	X	X	586,766	174,598
(2) IKE BATALIS BOARD MEMBER	5.00	X		59,332	0
(3) REV WILLIAM BEAUCHAMP BOARD MEMBER	7.00	X		34,075	0
(4) BLAKE DEVITT BOARD MEMBER	5.00	X		49,500	0
(5) MARSHALL GRIGSBY BOARD MEMBER	6.00	X		40,750	0
(6) NORMAN LEFSTEIN BOARD MEMBER	5.00	X		38,250	0
(7) ILENE NAGEL BOARD MEMBER	7.00	X		36,750	0
(8) WILLIAM NEALE BOARD MEMBER	5.00	X		58,500	0
(9) ERNEST NEWBORN II BOARD MEMBER	6.00	X		58,500	0
(10) EDWARD SCHMIDT BOARD MEMBER	5.00	X		60,332	0
(11) ERIK MORENO BOARD MEMBER	6.00	X		0	0
(12) MARLENE COULIS BOARD MEMBER	6.00	X		0	0
(13) STEPHEN HAM SR VP & CFO	40.00		X	316,492	60,266
(14) DAVID BOODT SR VP & GENERAL COUNSEL	40.00		X	296,367	75,616
(15) DENISE FESER SR VP SCH & STUDENT SERV	40.00		X	292,348	44,297
(16) GREGORY AYERS SR VP GOV'T SERV & ADMIN	40.00		X	260,826	49,562
(17) TERRY MUILENBURG SR VP GOV'T RELATIONS	40.00		X	313,258	70,531

(A) Name and business address	(B) Description of services	(C) Compensation
SALLIE MAE 11100 USA PARKWAY FISHERS,IN46038	GUARANTOR SERVICES	299,491,800
STUDENT ASSISTANCE CORPORATION 11100 USA PARKWAY FISHERS,IN46038	DEFAULT AVERSION ACTIVITIES	38,553,902
ALLEGIENT LLC 201 W 103RD STREET STE 520 INDIANAPOLIS,IN46290	SYSTEMS DEVELOPMENT	1,227,875
ENVICTUS CORPORATION 138000 COPPERMINE ROAD HERNDON,VA20170	SYSTEMS DEVELOPMENT	1,080,000
NEARSOURCE LLC DBA BEA CONSULTING 6100 W 96TH STE 115 INDIANAPOLIS,IN46278	NEW BUSINESS DEVELOPMENT	925,659
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization 37

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21	11,657,450	11,657,450
2	Grants and other assistance to individuals in the U.S. See Part IV, line 22	1,199,622	1,199,622
3	Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	3,680,033		3,680,033
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	12,162,066	3,688,493	8,473,573
8	Pension plan contributions (include section 401(k) and section 403(b) employer contributions) ....	484,272	151,702	332,570
9	Other employee benefits .......	3,490,812	1,054,829	2,435,983
10	Payroll taxes ...........	1,006,162	293,613	712,549
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	542,832	418,967	123,865
c	Accounting ...........	349,782		349,782
d	Lobbying ...........	13,902		13,902
e	Professional fundraising. See Part IV, line 17..
f	Investment management fees ......	559,487		559,487
g	Other ..........	7,564,164	604,732	6,959,432
12	Advertising and promotion ....	944,538	377,969	566,569
13	Office expenses .......	149,306	48,578	100,728
14	Information technology ......	12,013,564	11,074,249	939,315
15	Royalties ..
16	Occupancy ...........	897,180		897,180
17	Travel ............	1,179,932	235,301	944,631
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....	594,726	404,654	190,072
20	Interest ...........	10,802		10,802
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	478,075		478,075
23	Insurance ..............	278,124		278,124
24	Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a	COLLECTION EXPENSE	212,526,930	212,526,930	0	0
b	DEFAULT AVERSION FEES	42,506,323	42,506,323	0	0
c	ACCT. MAINT. & ISSUANCE	37,431,020	37,431,020	0	0
d	DEFAULT FEE EXPENSE	3,603,738	3,603,738	0	0
e
f	All other expenses	558,945	36,376	522,569
25	Total functional expenses. Add lines 1 through 24f	355,883,787	327,314,546	28,569,241	0
26	Joint costs. Check here if following SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation

Part X Balance Sheet
	1	Cashnon-interest-bearing ..........		1
2	Savings and temporary cash investments .......	36,469,370	2	16,452,017
3	Pledges and grants receivable, net .........		3
4	Accounts receivable, net .........	80,023,278	4	69,250,876
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........		5
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........		6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ............	78,817,321	9	61,414,590
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	3,302,749
b	Less: accumulated depreciation. .....	10b	1,448,555	1,262,382	10c	1,854,194
11	Investments—publicly traded securities ..........	491,591,553	11	563,109,845
12	Investments—other securities. See Part IV, line 11 ......		12
13	Investments—program-related. See Part IV, line 11 ..		13
14	Intangible assets .........		14
15	Other assets. See Part IV, line 11 ...........	394,512,124	15	312,326,776
16	Total assets. Add lines 1 through 15 (must equal line 34)...	1,082,676,028	16	1,024,408,298
	17	Accounts payable and accrued expenses .	117,021,036	17	112,342,606
18	Grants payable ..........	200,152	18	1,565,416
19	Deferred revenue ..........	87,199,310	19	70,750,697
20	Tax-exempt bond liabilities ..........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..	365,562,631	21	289,292,126
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities. Complete Part X of Schedule D.....		25
26	Total liabilities. Add lines 17 through 25.....	569,983,129	26	473,950,845
		Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....	512,692,899	27	550,457,453
28	Temporarily restricted net assets .....		28
29	Permanently restricted net assets .....		29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances .....	512,692,899	33	550,457,453
34	Total liabilities and net assets/fund balances .....	1,082,676,028	34	1,024,408,298

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.

OMB No. 1545-0047

2010

Open to Public
Inspection

Name of the organization

UNITED STUDENT AID FUNDS INC

Employer identification number

94-6050341

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches. section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in

section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. Seesection 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.

Type I

Type II

Type III - Functionally integrated

Type III - Other

By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box ..................................................

Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following persons?

(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)

Yes

and (iii) below, the governing body of the the supported organization? ................

11g(i)

(ii) a family member of a person described in (i) above? ......................

11g(ii)

(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................

11g(iii)

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization in col. (i) listed in your governing document?		(v) Did you notify the organization in col. (i) of your support?		(vi) Is the organization in col. (i) organized in the U.S.?		(vii) Amount of support?
(i) Name of supported organization	(ii) EIN	Yes	No	Yes	No	Yes	No	(vii) Amount of support?


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2010

Page 2

Part II

Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2006	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	138,768,631	138,768,631
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3..	138,768,631	138,768,631
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public Support. Subtract line 5 from line 4.		138,768,631

Section B. Total Support

Calendar year(or fiscal year beginning in)		(a) 2006	(b) 2007	(c) 2008	(d) 2009	(e) 2010	(f) Total
7	Amounts from line 4..	138,768,631					138,768,631
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	14,659,340	14,152,105	11,509,585	10,018,941	14,372,724	64,712,695
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11	Total support (Add lines 7 through 10).						203,481,326

Gross receipts from related activities, etc. (See instructions.) ..................

1,869,952,434

First Five Years If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.......................................... right arrow

Section C. Computation of Public Support Percentage

Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f)) .........

68.200 %

Public Support Percentage for 2009 Schedule A, Part II, line 14 ...............

80.120 %

16a

33 1/3% support test—2010. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ...................... right arrow

33 1/3% support test—2009. If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2010. If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization .................................................. right arrow

10%-facts-and-circumstances test—2009. If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly
supported organization .............................................. right arrow

Private Foundation If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions ................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2010

Page 3

Part III

Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2006	(b) 2007	(c) 2008	(d) 2009	(e) 2010	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public Support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2006	(b) 2007	(c) 2008	(d) 2009	(e) 2010	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13	Total support (Add lines 9, 10c, 11 and 12.).

Section C. Computation of Public Support Percentage

Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f)) .........

Public support percentage from 2009 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f)) ......

Investment income percentage from 2009 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2010. If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .......... right arrow

33 1/3% support tests—2009. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private Foundation If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions ..... right arrow

Schedule A (Form 990 or 990-EZ) 2010

Page 4

Part IV

Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Explanation

Schedule A (Form 990 or 990-EZ) 2010

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet

Complete if the organization is described below.
SchCMd Bullet

Attach to Form 990 or Form 990-EZ. SchCMd Bullet

See separate instructions.

OMB No. 1545-0047

2010

Open to Public
Inspection

If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

UNITED STUDENT AID FUNDS INC

Employer identification number

94-6050341

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.

Political expenditures .................................... SchCMd Bullet

Volunteer hours ........................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ......... SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ...... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............

Yes No

Was a correction made? .........................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c) except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities .................................... SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b.. SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ..........................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.

For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2010

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check if the filing organization belongs to an affiliated group.
B Check if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated Group Totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......
b	Total lobbying expenditures to influence a legislative body (direct lobbying) .......
c	Total lobbying expenditures (add lines 1a and 1b) ...................
d	Other exempt purpose expenditures ........................
e	Total exempt purpose expenditures (add lines 1c and 1d) ...............
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ......................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) Total

2a	Lobbying non-taxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots non-taxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990 or 990-EZ) 2010

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? .........................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....

Yes

Media advertisements? ....................................

Mailings to members, legislators, or the public? .........................

Publications, or published or broadcast statements? .......................

Grants to other organizations for lobbying purposes? .......................

Direct contact with legislators, their staffs, government officials, or a legislative body? ........

Yes

19,222

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......

Other activities? If "Yes," describe in Part IV ..........................

Total. lines 1c through 1i ...................................

19,222

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 .................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ................

Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.

Dues, assessments and similar amounts from members .....................

Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).

Current year .........................................

Carryover from last year ....................................

Total ...........................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................

Taxable amount of lobbying and political expenditures (see instructions) ..............

Part IV

Supplemental Information

Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.

Identifier	Return Reference	Explanation

Schedule C (Form 990 or 990EZ) 2010

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet

Attach to Form 990. SchDMd Bullet

See separate instructions.

OMB No. 1545-0047

2010

Open to Public Inspection

Name of the organization

UNITED STUDENT AID FUNDS INC

Employer identification number

94-6050341

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .......
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) ...
4	Aggregate value at end of year .......

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or pleasure) Preservation of an historically importantly land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06 ........	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................

Yes No

In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:

(i)

Revenues included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:

Revenues included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 52283D

Schedule D (Form 990) 2010

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIV and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21? .....................

Yes No

If “Yes,” explain the arrangement in Part XIV.

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current Year	(b)Prior Year	(c)Two Years Back	(d)Three Years Back	(e)Four Years Back
1a	Beginning of year balance ....
b	Contributions ........
c	Investment earnings or losses ...
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the year end balance held as:

Board designated or quasi-endowment: SchDMd Bullet

Permanent endowment: SchDMd Bullet

Term endowment: SchDMd Bullet

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIV the intended uses of the organization's endowment funds.

Part VI

InvestmentsLand, Buildings, and Equipment. See Form 990, Part X, line 10.

Description of investment		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............	269,350	64,615	204,735
d	Equipment ................	2,199,334	1,064,047	1,135,287
e	Other .................	834,065	319,893	514,172
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........				1,854,194

Schedule D (Form 990) 2010

Page 3

Part VII

InvestmentsOther Securities. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)

Part VIII

InvestmentsProgram Related. See Form 990, Part X, line 13.

(a) Description of investment type		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1) RECEIVABLE FROM FED FUND				3,030,599
(2) ASSETS HELD ON BEHALF OF FED RESERVE				289,292,126
(3) NOTE FROM SMS				19,770,000
(4) DUE FROM AFFILIATES				232,971
(5) DEFAULTED LOANS PURCHASED				1,080




Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........				312,326,776

Part X

Other Liabilities. See Form 990, Part X, line 25.

1.(a) Description of Liability		(b) Amount
Federal Income Taxes









Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).

Schedule D (Form 990) 2010

Page 4

Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1	Total revenue (Form 990, Part VIII, column (A), line 12) ....................	1
2	Total expenses (Form 990, Part IX, column (A), line 25) .....................	2
3	Excess or (deficit) for the year. Subtract line 2 from line 1 .............	3
4	Net unrealized gains (losses) on investments ..........................	4
5	Donated services and use of facilities .............................	5
6	Investment expenses ...................................	6
7	Prior period adjustments ..................................	7
8	Other (Describe in Part XIV) .................................	8
9	Total adjustments (net). Add lines 4 - 8 .............................	9
10	Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 .........	10

Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIV): ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIV): ...........	4b
c	Add lines 4a and 4b.......................		4c
5	Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ......		5

Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1	Total expenses and losses per audited financial statements .............		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIV): ............	2d
e	Add lines 2a through 2d......................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIV): ............	4b
c	Add lines 4a and 4b.......................		4c
5	Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ......		5

Part XIV

Supplemental Information

Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.

Identifier	Return Reference	Explanation
	PART IV, LINE 2B:	LIABILITIES INCURRED ON BEHALF OF THE FEDERAL RESERVE FUND
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	PER THE FINANCIAL STATEMENTS OF UNITED STUDENT AID FUNDS, INC., USA FUNDS ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES ON A MORE-LIKELY-THAN-NOT CRITERIA BASED ON THE POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THERE ARE NO UNCERTAINTIES THAT REQUIRE RECOGNITION OR DISCLOSURE AS OF SEPTEMBER 30, 2011 AND 2010.

Schedule D (Form 990) 2010

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990

OMB No. 1545-0047

2010

Open to Public
Inspection

Name of the organization
UNITED STUDENT AID FUNDS INC

Employer identification number
94-6050341

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet

(a) Name and address of organization or government	(b) EIN	(c) IRC Code section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance
(1) ADMISSION POSSIBLE603 N MILWAUKEE ST MILWAUKEE,WI53202	41-1968798	501(C)(3)	30,000		FMV		ADMISSION POSSIBLE MILWAUKEE COLLEGE ACCESS PROGRAMMING
(2) ADVANCE120 E LA HABRA BLVD 103A LA HABRA,CA90631	76-0730386	501(C)(3)	20,000		FMV		"ON TO COLLEGE"
(3) ALLIANCE FOR EDUCATION509 OLIVE WAY SUITE 500 SEATTLE,WA98101	91-1508191	501(C)(3)	25,000		FMV		COLLEGE ACCESS AND SUCCESS: BUILDING AWARENESS FOR STUDENTS, FAMILIES, AND COMMUNITIES TO INCREASE COLLEGE ENROLLMENT AND SUCCESS.
(4) AMERICAN INDIAN COLLEGE FUND8333 GREENWOOD BLVD DENVER,CO80221	52-1573446	501(C)(3)	350,000		FMV		USAF TRIBAL COLLEGE SCHOLARSHIP PROGRAM AND FLAME OF HOPE GALA
(5) ARIZONA COMMISSION FOR POSTSECONDARY EDUCATION2020 NORTH CENTRAL SUITE 650 PHOENIX,AZ85004	86-6004791	501(C)(3)	70,000		FMV		COLLEGE GOAL SUNDAY. DEVELOPING ARIZONA'S HUMAN CAPITAL CONFERENCE
(6) ARIZONA COMMUNITY FOUNDATION2201 E CAMELBACK RD SUITE 202 PHOENIX,AZ85016	86-0348306	501(C)(3)	70,000		FMV		COLLEGE DEPOT - HELPING MORE STUDENTS TAKE STEPS TO COLLEGE SUCCESS
(7) ARIZONA QUEST FOR KIDS1430 E MISSOURI SUITE B205 PHOENIX,AZ85014	86-0989377	501(C)(3)	20,000		FMV		QUEST FOR COLLEGE
(8) ASIAN AND PACIFIC ISLANDER AMERICAN SCHOLARSHIP FUND1900 L STREET NW SUITE 210 WASHINGTON,DC20036	57-1192973	501(C)(3)	400,000		FMV		APIASF/USA FUNDS SCHOLARSHIP PROGRAM. 2011 CARE REPORT - RESEARCH AND POLICY COLLABORATIVE (RPC). APIASF HIGHER EDUCATION SERIES, APIASF COLLEGE COMPLETION FORUM: STRENGTHENING INSTITUTIONS THAT SERVE ASIAN AND PACIFIC ISLANDER AMERICANS. 2011 TODAY'S MINDS, TOMORROW'S FUTURE SCHOLARSHIP BENEFIT
(9) ASSOCOF PUBLIC LAND GRANT UNIVERSITIES1307 NEW YORK AVE SUITE 400 WASHINGTON,DC200054722	53-0183246	501(C)(3)	10,000		FMV		FOR SUPPORT TO ASSIST APLU INSTITUTIONS IDENTIFY, ENROLL, AND GRADUATE STUDENTS FROM UNDER REPRESENTED POPULATIONS
(10) BARRIO LOGAN COLLEGE INSTITUTE1807 MAIN STREET SAN DIEGO,CA92113	33-0771222	501(C)(3)	20,000		FMV		BARRIO LOGAN COLLEGE INSTITUTE (BLCI) COLLEGE PREP PIPELINE
(11) BE A LEADER FOUNDATION6850 N CENTRAL AVENUE PHOENIX,AZ85012	55-0850279	501(C)(3)	20,000		FMV		BE A LEADER FOUNDATION COLLEGE-GOING PROGRAMS
(12) BEN DAVIS HIGH SCHOOL1200 N GIRLS SCHOOL RD INDIANAPOLIS,IN46214	35-1072270	501(C)(3)	29,000		FMV		TO SUPPORT A PROGRAM THAT FACILITATES THE ACADEMIC, CAREER, SOCIAL AND IDENTITY DEVELOPMENT OF AFRICAN-AMERICAN MALE LEADERS.
(13) BENEDICT COLLEGE1600 HARDEN STREET COLUMBIA,SC29204	41-0969244	501(C)(3)	10,000		FMV		MARSHALL C. GRIGSBY SCHOLARSHIP FUND
(14) BISHOP NOLL INSTITUTE FOUNDATION INC1519 HOFFMAN STREET HAMMOND,IN46327	31-0973961	501(C)(3)	25,000		FMV		BISHOP NOLL INSTITUTE HISPANIC SCHOLARSHIP FUND
(15) BOARD OF REGENTS NEVADA SYSTEM OF HIGHER EDUCATION5550 WEST FLAMINGO ROAD STE C-1 LAS VEGAS,NV89103	88-6000024	501(C)(3)	70,000		FMV		HIGH SCHOOL NAVIGATION 101
(16) BOTTOM LINE500 AMORY STREET SUITE 3 JAMAICA PLAIN,MA02130	04-3351427	501(C)(3)	250,000		FMV		COLLEGE ACCESS AND COLLEGE SUCCESS PROGRAMS
(17) BOYS & GIRLS CLUBS OF INDIANAPOLIS2236 E 10TH STREET STE 200 INDIANAPOLIS,IN46201	35-0888754	501(C)(3)	31,000		FMV		SCHOLARSHOP. DEC 2010 MATCHING GIFT
(18) BOYS & GIRLS CLUBS OF NORTHWEST INDIANA INC839 BROADWAY - 3RD FLOOR GARY,IN46402	35-0941137	501(C)(3)	26,000		FMV		TEN STEPS RITES OF PASSAGE
(19) BOYS II MEN INC4850 GUION RD INDIANAPOLIS,IN46254	35-2133391	501(C)(3)	30,000		FMV		BOYS II MEN - COLLEGE PREP PROGRAM
(20) BRADLEY UNIVERSITY1501 WEST BRADLEY AVENUE PEORIA,IL61625	37-0661494	501(C)(3)	22,500		FMV		ENDOWED SCHOLARSHIP IN MY NAME AT THE FOSTER COLLEGE OF BUSINESS. ELIGIBILITY WILL BE BASED ON ACADEMIC AND FINANCIAL NEED CRITERIA. JAN 2011 MATCHING GIFT
(21) BUSINESS HIGHER EDUCATION FORUM2025 M STREET NW SUITE 800 WASHINGTON,DC20036	34-1986692	501(C)(3)	50,000		FMV		THE COLLEGE READINESS, ACCESS AND SUCCESS INITIATIVE (CRI)
(22) CALIFORNIA DOLLARS FOR SCHOLARS2110 ARTESIA BLVD B 663 REDONDO BEACH,CA90278	95-6122889	501(C)(3)	25,000		FMV		CALIFORNIA DOLLARS FOR SCHOLARS PROGRAM EXPANSION
(23) CAMPUS COMPACT45 TEMPLE PLACE BOSTON,MA02111	05-0493226	501(C)(3)	10,000		FMV		REGIONAL ACCESS AND SUCCESS SUMMITS
(24) CASTLETON UNITED METHODIST CHURCH INC7160 SHADELAND STATION INDIANAPOLIS,IN46256	35-1149228	501(C)(3)	8,000		FMV		JAN 2011 MATCHING GIFT
(25) CATHEDRAL HIGH SCHOOL5225 E 56TH STREET INDIANAPOLIS,IN46226	35-6254955	501(C)(3)	50,000		FMV		SHAMROCK SCHOLARS PROGRAM
(26) CENTER FOR LEADERSHIP DEVELOPMENT2425 DR MARTIN LUTHER KING JR STREET INDIANAPOLIS,IN46208	35-1389882	501(C)(3)	25,000	15,000	FMV	SOFTWARE APPLICATION	PROJECT MR. (MALE RESPONSIBILITY)
(27) CENTRAL INDIANA COMMUNITY FOUNDATION INC615 N ALABAMA ST SUITE 119 INDIANAPOLIS,IN46204	35-1793680	501(C)(3)	150,000	88,940	FMV	LATINO DINNER	INDIANA LATINO SCHOLARSHIP FUND
(28) CHAIRSCHOLARS FOUNDATION INC16101 CARENCIA LANE ODESSA,FL33556	65-0442193	501(C)(3)	10,000		FMV		THE NATIONAL SCHOLARSHIP PROGRAM
(29) CHARLES TINDLEY SCHOOL3960 MEADOWS DRIVE INDIANAPOLIS,IN46205	35-2151971	501(C)(3)	50,000		FMV		COLLEGE COMPLETION PROGRAM
(30) CHRISTIAN ACTIVITY CENTER540 N 6TH ST EAST ST LOUIS,IL62201	36-4182760	501(C)(3)	39,450		FMV		PATHWAYS PROGRAM
(31) CITY YEAR INC2203 23RD AVE S 101 SEATTLE,WA98144	22-2882549	501(C)(3)	50,000		FMV		WHOLE SCHOOL, WHOLE CHILD PROGRAM AT WEST SEATTLE HIGH SCHOOL
(32) COLLEGE & CAREER CONNECTIONS4620 ALABAMA AVENUE SE WASHINGTON,DC20019	26-3450374	501(C)(3)	100,000		FMV		ONTRACK! PROGRAM
(33) COLLEGE MENTORS FOR KIDS212 WEST 10TH STREET SUITE B260 INDIANAPOLIS,IN46202	35-2002052	501(C)(3)	41,000		FMV		COLLEGE MENTORS FOR KIDS - MENTOR PROGRAM
(34) COLLEGE SUCCESS FOUNDATION1605 NW SAMMAMISH ROAD SUITE 100 ISSAQUAH,WA98027	20-5561911	501(C)(3)	60,000		FMV		JUMPSTART. COLLEGE SUCCESS FOUNDATION CELEBRATION OF 10 PROVEN YEARS OF SUCCESS.
(35) COLLEGE SUMMIT1763 COLUMBIA ROAD NW 2ND FLOOR WASHINGTON,DC20009	52-2007028	501(C)(3)	25,000		FMV		LAUNCHING--FROM ACCESS TO SUCCESS
(36) COMMUNITIES IN SCHOOLS OF ARIZONA INC333 EAST VIRGINIA AVENUE SUITE 208 PHOENIX,AZ85004	86-0776545	501(C)(3)	25,000		FMV		ELIMINATING ROADBLOCKS TO SCHOOL SUCCESS INITIATIVE
(37) COMMUNITY HEALTH NETWORK FOUNDATION INC1500 N RITTER AVENUE INDIANAPOLIS,IN46219	51-0181688	501(C)(3)	50,000		FMV		COMMUNITY SCHOOL COORDINATION
(38) CONGRESSIONAL HISPANIC CAUCUS INSTITUTE INC911 SECOND STREET NE WASHINGTON,DC20002	52-1114225	501(C)(3)	56,000		FMV		CHCI READY TO LEAD PROGRAM (R2L). CHCI 34TH ANNUAL AWARDS GALA
(39) COUNCIL FOR ADULT AND EXPERIMENTAL LEARNINGPO BOX 1966 INDIANAPOLIS,IN462061966	13-2890752	501(C)(3)	25,000		FMV		INCREASING AWARENESS AND USAGE WITH MARKETING AND COMMUNICATIONS SUPPORT FOR LEARNINGCOUNT.ORG
(40) DE LA SALLE NORTH CATHOLIC HIGH SCHOOL7528 N FENWICK PORTLAND,OR97217	93-1287554	501(C)(3)	25,000		FMV		DE LA SALLE NORTH CATHOLIC HIGH SCHOOL ENROLLMENT GROWTH INITIATIVE AND CORPORATE INTERNSHIP PROGRAM
(41) DEPAUW UNIVERSITY OFFICE OF STUDENT FINANCIAL AID313 SOUTH LOCUST GREENCASTLE,IN461350037	35-0869045	501(C)(3)	7,000		FMV		NEED-BASED SCHOLARSHIP ASSISTANCE
(42) DILLARD UNIVERSITY2601 GENTILLY AVE NEW ORLEANS,LA70122	72-0408929	501(C)(3)	25,000		FMV		USA FUNDS "FINANCIAL EDUCATION RESOURCE NETWORK" - PEER TO PEER LEARNING AMBASSADORS
(43) EDNA MARTIN CHRISTIAN CENTER1970 N CAROLINE AVE INDIANAPOLIS,IN46218	35-1072577	501(C)(3)	20,000		FMV		LEADERSHIP AND LEGACY ACADEMY
(44) EDUCATION IS FREEDOM FOUNDATION2711 NHASKELL AVE SUITE 2070 LB 18 DALLAS,TX75204	04-3643313	501(C)(3)	25,000		FMV		EDUCATION IS FREEDOM-EIF DALLAS HIGH SCHOOL COLLEGE ACCESS PROGRAM
(45) ENCOURAGEMENT SERVICES5931 W STATE ROAD 46 BLOOMINGTON,IN47404	35-2151093	501(C)(3)	5,695		FMV		POSTSECONDARY COUNSELING INSTITUTE
(46) EXCELENCIA IN EDUCATION1717 N STREET NW 2ND FLOOR WASHINGTON,DC20036	20-0927912	501(C)(3)	80,000		FMV		CELEBRACION DE EXCELENCIA AND ACCELERATING LATINO STUDENT SUCCESS
(47) FORT WAYNE URBAN LEAGUE INC2135 SOUTH HANNA ST FORT WAYNE,IN46803	35-0869052	501(C)(3)	25,000		FMV		COLLEGE BOUND BROTHERHOOD
(48) FOUNDATION FOR STUDENTS RISING ABOVEPO BOX 29174 SAN FRANCISCO,CA94129	81-0615887	501(C)(3)	50,000		FMV		BEATING THE ODDS: INCREASING COLLEGE ACCESS AND GRADUATION RATES FOR LOW-INCOME, FIRST-GENERATION BAY AREA YOUTH WHO RISE ABOVE.
(49) FRIENDLY HOUSE INC802 S FIRST AVENUE PO BOX 3695 PHOENIX,AZ85030	86-0120506	501(C)(3)	15,000		FMV		RECOGNITION OF EXCELLENCE SCHOLARSHIP AWARDS
(50) FRIENDS OF HAWAI'I ROBOTICSPO BOX 3019 HONOLULU,HI96802	26-3139930	501(C)(3)	50,000		FMV		EDUCATIONAL ROBOTICS PROGRAM SUPPORT
(51) GEORGE WASHINGTON COMMUNITY SCHOOL DOLLARS FOR SCHOLARS CHAPTER2215 W WASHINGTON ST INDIANAPOLIS,IN46222	37-1518395	501(C)(3)	7,500		FMV		SCHOLARSHIP DONATION
(52) GIRL SCOUTS OF CENTRAL INDIANA2611 WATERFRONT PARKWAY EAST DRIVE SUITE 100 INDIANAPOLIS,IN46214	35-0876381	501(C)(3)	20,000		FMV		GIRL SCOUTS OF CENTRAL INDIANA SCHOLARSHIP PROGRAM
(53) GIRLS INCORPORATED OF INDIANAPOLIS3935 N MERIDIAN ST INDIANAPOLIS,IN46208	35-1337205	501(C)(3)	50,000		FMV		SMART COLLEGE AND CAREER PLANNING
(54) GLOW FOUNDATION275 FIFTH STREET SAN FRANCISCO,CA94103	56-2590044	501(C)(3)	30,000		FMV		EMPOWERING UNDER-RESOURCED COMMUNITIES AND STUDENTS WITH THE FINANCIAL TOOLS AND LITERACY TO IMPROVE COLLEGE ACCESS AND SUCCESS RATES
(55) HISPANIC SCHOLARSHIP FUND55 SECOND STREET SUITE 1500 SAN FRANCISCO,CA94105	52-1051044	501(C)(3)	250,000		FMV		HSF/USA FUNDS SCHOLARSHIP PROGRAM. HISPANIC SCHOLARSHIP FUND ALUMNI HALL OF FAME & EDUCATION SUMMIT.
(56) HOWARD UNIVERSITY ALUMNI CLUB OF INDIANAPOLIS INC1 NORTH PENNSYLVANIA STREET 1050 INDIANAPOLIS,IN46204	35-1778599	501(C)(3)	6,500		FMV		HOWARD UNIVERSITY ALUMNI ASSOCIATION BLACK MALE INITIATIVE PROGRAM
(57) HUTSON SCHOOL INC7245 EAST 75TH ST INDIANAPOLIS,IN46256	35-2148108	501(C)(3)	6,000		FMV		DEC 2010 MATCHING GIFT
(58) I CHALLENGE YOU REVELS FAMILY LIFE CENTER711 SOUTH BROADWAY STREET GREENVILLE,MS38702	64-0826603	501(C)(3)	10,000		FMV		I CHALLENGE YOU, AFTER SCHOOL PROGRAM UNLOCK THE FUTURE / THE GOAL IS SUCCESS!
(59) I HAVE A DREAM FOUNDATION2916 ALBERTA STREET SUITE D PORTLAND,OR97211	93-1037323	501(C)(3)	50,000		FMV		DREAMER SCHOOL PROJECT
(60) INDIANA BLACK EXPO3145 N MERIDIAN ST INDIANAPOLIS,IN46208	35-1406245	501(C)(3)	100,000		FMV		IBE STATEWIDE EDUCATION CONFERENCE. CIRCLE CITY CLASSIC COLLEGE READINESS WORKSHOP
(61) INDIANA COMMISSION FOR HIGHER EDUCATION101 WEST OHIO STREET SUITE 550 INDIANAPOLIS,IN46204	35-6000158	501(C)(3)	270,000		FMV		LEARN MORE INDIANA'S COLLEGE SUCCESS COALITION AND COLLEGE SUCCESS MENTORING INITIATIVES
(62) INDIANA DOLLARS FOR SCHOLARS10500 KINCIAD DR SUITE 203 FISHERS,IN460379764	04-2296967	501(C)(3)	143,500		FMV		HOOSIER HEROES. INDIANA DOLLARS FOR SCHOLARS. GENERAL OPERATING EXPENSES
(63) INDIANA LATINO INSTITUTE445 NORTH PENNSYLVANIA STREET SUITE 800 INDIANAPOLIS,IN46204	26-0036285	501(C)(3)	60,000		FMV		CAREERS FOR THE FUTURE EDUCATION PROGRAM
(64) INDIANA UNIVERSITY FOUNDATIONPO BOX 500 BLOOMINGTON,IN47402	35-6018940	501(C)(3)	60,000		FMV		LEFSTEIN LEGACY SCHOLARSHIP FOR $20,000 AND MARY MITCHELL SCHOLARSHIP FOR $5,000. ANNUAL SCHOLARSHIP FUND FOR STUDENT ATHLETES, DEC 2010 MATCHING GIFTS.
(65) INDIANAPOLIS ZOOLOGICAL SOCIETYPO BOX 22309 INDIANAPOLIS,IN462220309	35-1074747	501(C)(3)	10,350		FMV		ZOOBILATION 2011
(66) INSTITUTE FOR HIGHER EDUCATION POLICY1320 19TH STREET NW SUITE 400 WASHINGTON,DC20036	52-1818907	501(C)(3)	249,146		FMV		THE FOR-PROFIT SECTOR: AN EXAMINATION OF AN EMERGING SEGMENT OF HIGHER EDUCATION. 2011 IHEP SUMMER ACADEMY: MSI MODELS OF SUCCESS PROGRAM PARTICIPANTS. 2011 IHEP SUMMER ACADEMY: CULTIVATING STUDENT ACCESS AND SUCCESS: FINANCIAL LITERACY TEAM SUPPORT. 2011 IHEP SUMMER ACADEMY: CULTIVATING STUDENT ACCESS AND SUCCESS: A CELEBRATION OF SUCCESS.
(67) INTERAGENCY COMMUNITY COALITIONPO BOX 1425 FT WASHAKIE,WY82514	11-3679390	501(C)(3)	28,500		FMV		COLLEGE GOAL SUNDAY
(68) ISFAA4430 W SILVERTHORNE ST BLOOMINGTON,IN47404	35-1597706	501(C)(3)	50,000		FMV		COLLEGE GOAL SUNDAY
(69) IVY TECH FOUNDATION50 WEST FALL CREEK PARKWAY NORTH DRIVE INDIANAPOLIS,IN46208	23-7073977	501(C)(3)	20,000		FMV		SCIENCE, TECHNOLOGY, ENGINEERING AND MATH SUPPLEMENTAL ASSISTANCE PROGRAM
(70) JOBS FOR ARIZONA GRADUATES2501 W DUNLAP AVE SUITE 200 PHOENIX,AZ85021	86-0669709	501(C)(3)	50,000		FMV		MIDDLE SCHOOL TRANSITION, OPPORTUNITY AWARENESS, CLASSROOMS TO CAREERS
(71) KANSAS ACADEMIC DECATHLON ASSOCIATION KSU FOUNDATION CENTER2323 ANDERSON AVE STE 500 MANHATTAN,KS66503	48-1139337	501(C)(3)	7,500		FMV		USA FUNDS PRESENTS KANSAS ACADEMIC DECATHLON HOSTED BY KANSAS STATE UNIVERSITY (K-STATE)
(72) KASFAA1300 O STREET LINCOLN,NE68508	48-1010942	501(C)(3)	30,000		FMV		COLLEGE GOAL SUNDAY
(73) LA PLAZA INC8902 E 38TH STREET INDIANAPOLIS,IN46226	30-0029575	501(C)(3)	10,000		FMV		TO SUPPORT THE PROGRAM TO RAISE FUNDS FOR HISPANIC PROGRAMS AND SCHOLARSHIPS IN CENTRAL INDIANA.
(74) LITTLE BETHEL MISSIONARY BAPTIST CHURCH3276 WINTHROP AVE INDIANAPOLIS,IN46278	35-1476347	501(C)(3)	10,000		FMV		"YOUNG LIONS" BOYS RITES OF PASSAGE
(75) M S D OF LAWRENCE TOWNSHIP FOUNDATION INC6501 SUNNYSIDE ROAD SUITE 209 INDIANAPOLIS,IN46236	35-1573468	501(C)(3)	100,000		FMV		AVID, ADVANCEMENT VIA INDIVIDUAL DETERMINATION
(76) MARIAN UNIVERSITY3200 COLD SPRING ROAD INDIANAPOLIS,IN46222	35-0868175	501(C)(3)	77,000		FMV		THE 21ST CENTURY SCHOLARS PROGRAM AT MARIAN UNIVERSITY. SCHOLARSHIPS TO SUPPORT 21ST CENTURY SCHOLARS. JAN 2011 MATCHING GIFTS.
(77) MARY RIGG NEIGHBORHOOD CENTER INCORPORATED1920 W MORRIS STREET INDIANAPOLIS,IN46221	35-0868954	501(C)(3)	100,000		FMV		LEARNING COMMUNITIES INITIATIVE, GEORGE WASHINGTON COMMUNITY H.S.
(78) MARYLAND HIGHER EDUCATION COMMISSION839 BESTGATE ROAD SUITE 400 ANNAPOLIS,MD214013013	52-6002033	501(C)(3)	50,000		FMV		MARYLAND GO FOR IT COLLEGE ACCESS CAMPAIGN
(79) MID-EASTERN ASSOC OF EDUCATIONAL OPPORTUNITY PROGRAM PERSONNELPO BOX 600 LORETTO,PA15940	31-0939782	501(C)(3)	44,000		FMV		COLLEGE GOAL SUNDAY
(80) MIGHTY WRITERS1501 CHRISTIAN ST PHILADELPHIA,PA19146	01-0920922	501(C)(3)	15,000		FMV		MIGHTY SAT PREP
(81) MISSISSIPPI INSTITUTE OF HIGHER LEARNING3825 RIDGEWOOD ROAD JACKSON,MS39211	06-4600783	501(C)(3)	185,000		FMV		MISSISSIPPI ARTICULATION AND TRANSFER TOOL. COLLEGE GOAL SUNDAY
(82) NATIONAL ASSOCIATION FOR EQUAL OPPORTUNITY IN HIGHER EDUCATION209 THIRD ST SE WASHINGTON,DC20003	23-7439804	501(C)(3)	25,000		FMV		NAFEO'S 2011 PRESIDENTIAL PEER SEMINAR AND LEADERSHIP TRAINING INSTITUTE
(83) NATIONAL ASSOCIATION OF LATINO ELECTED OFFICIALS EDUCATIONAL FUND1122 W WASHINGTON BLVD THIRD FLOOR LOS ANGELES,CA90015	52-1212849	501(C)(3)	20,000		FMV		NALEO 7TH ANNUAL NATIONAL SUMMIT ON THE STATE OF LATINO EDUCATION, SEPTEMBER 26-28, 2011
(84) NATIONAL CENTER FOR YOUTH LAW405 14TH STREET 15TH FLOOR OAKLAND,CA94612	94-2506933	501(C)(3)	50,000		FMV		TO CREATE A NETWORK OF EDUCATION CHAMPIONS TO PROVIDE GUIDANCE TO FOSTER CARE YOUTH AS THEY EXPLORE PSE OPPORTUNITIES.
(85) NATIONAL COLLEGE ACCESS NETWORK1001 CONNECTICUT AVE NW SUITE 632 WASHINGTON,DC20036	31-1793562	501(C)(3)	15,000		FMV		NATIONAL COLLEGE ACCESS NETWORK ANNUAL AWARDS OF EXCELLENCE
(86) NATIONAL CONFERENCE OF STATE LEGISLATURES7700 EAST FIRST PLACE DENVER,CO80230	84-0772595	501(C)(3)	22,500		FMV		IMPROVING COLLEGE COMPLETION: BUILDING STATE LEGISLATIVE CAPACITY FOR MEANINGFUL REFORM
(87) NATIONAL GOVERNORS ASSOCIATION CENTER FOR BEST PRACTICES444 NORTH CAPITOL ST SUITE 267 WASHINGTON,DC20001	23-7391796	501(C)(3)	35,500		FMV		GOVERNORS' HIGHER EDUCATION DASHBOARD. STRATEGIES FOR COLLABORATING WITH POLICYMAKERS.
(88) NATIONAL SCHOLARSHIP PROVIDERS ASSOCIATION2222 14TH STREET BOULDER,CO80302	36-4280502	501(C)(3)	22,432		FMV		2011 NSPA CONFERENCE SCHOLARSHIP FAIR AND PRESENTATION
(89) NATIONAL SOCIETY OF HISPANIC MBASPO BOX 1501 INDIANAPOLIS,IN46206	95-4196238	501(C)(3)	20,000		FMV		PROJECT STEPPING STONE
(90) NEVADA SYSTEM OF HIGHER EDUCATION COLLEGE OF EDUCATIONUNR 1664 N VIRGINIA ST MAILSTOP 278 278 RENO,NV895570208	88-6000024	501(C)(3)	120,000		FMV		NAV101 PROGRAM FOR CLARK COUNTY SCHOOL DISTRICT
(91) NEW JERSEY CITY UNIVERSITY2039 KENNEDY BOULEVARD JERSEY CITY,NJ07305	21-6000928	501(C)(3)	25,000		FMV		NEW JERSEY CITY UNIVERSITY FINANCIAL LITERACY INITIATIVE / STUDENT FLEX TEAM
(92) NORTHEASTERN ILLINOIS UNIVERSITY FOUNDATION5500 N ST LOUIS AVE CHICAGO,IL606254699	23-7034689	501(C)(3)	10,000		FMV		PRESIDENTIAL SCHOLARS PROGRAM
(93) NORTHWEST EDUCATION LOAN ASSOCIATION309 23RD AVE S SEATTLE,WA98144	91-1068278	501(C)(3)	259,000		FMV		NELA SCHOLARS. THEWASHBOARD.ORG
(94) OASFAA OHIO COLLEGE ACCESS NETWORK41 S HIGH STREET SUITE 1650 COLUMBUS,OH43215	31-0883788	501(C)(3)	10,000		FMV		COLLEGE GOAL SUNDAY
(95) OKOLONA COMMUNITY DOLLARS FOR SCHOLARS102 SOUTH OLIVE STREET/POST OFFICE BOX 559 OKOLONA,MS38860	65-1260594	501(C)(3)	57,500		FMV		OKOLONA COMMUNITY DOLLARS FOR SCHOLARS. SCHOLARSHIP DONATION
(96) ON POINT FOR COLLEGE INC1654 W ONONDAGA STREET SYRACUSE,NY13204	16-1569356	501(C)(3)	49,950		FMV		ON POINT FOR COLLEGE COLLEGE ACCESS AND SUCCESS PROGRAM
(97) OPERATION JUMP START3515 LINDEN AVENUE LONG BEACH,CA90807	33-0629895	501(C)(3)	25,000		FMV		COLLEGE ACCESS MENTORING PROGRAM
(98) PACIFIC FINANCIAL AID ASSOCIATION1314 S KING STREET SUITE 1164 HONOLULU,HI96814	20-0429061	501(C)(3)	25,985		FMV		COLLEGE GOAL SUNDAY. FINANCIAL AID NIGHTS
(99) PARTNERSHIP FOR LEARNING321 NORTH PINE STREET LANSING,MI48933	38-2955237	501(C)(3)	12,000		FMV		2011 EDUGUIDE'S COLLEGE GOAL SUNDAY CAMPAIGN
(100) PHILADELPHIA FUTURES FOR YOUTH230 SOUTH BROAD STREET 7TH FLOOR PHILADELPHIA,PA19102	23-2973098	501(C)(3)	25,000		FMV		SAS COLLEGE RETENTION AND SUCCESS SERVICES: SUMMER INSTITUTE 2011 AND FIRST-YEAR TRANSITION SUPPORT
(101) PHILANDER SMITH COLLEGE900 DAISY BATES DRIVE LITTLE ROCK,AR72202	71-0239729	501(C)(3)	24,066		FMV		THE SOPHOMORE STUDENT ENGAGEMENT PROGRAM (SSEP)
(102) PHOENIX OPERA HOUSE & COMMUNITY CENTER INCPO BOX 15 RUSHVILLE,IL62681	37-1095989	501(C)(3)	7,500		FMV		DEC 2010 MATCHING GIFT
(103) POLICE ATHLETIC LEAGUE OF INDIANAPOLIS INC4209 N COLLEGE AVE INDIANAPOLIS,IN46205	35-1534981	501(C)(3)	50,000		FMV		INDY PAL CLUB YOUTH MENTORING PROGRAM
(104) PRIESTS OF HOLY CROSSPO BOX 774 NOTRE DAME,IN46556	35-6026424	501(C)(3)	10,000		FMV		DEC 2010 MATCHING GIFT
(105) PUEBLO COMMUNITY COLLEGE900 WEST ORMAN AVENUE PUEBLO,CO81004	84-0644739	501(C)(3)	25,000		FMV		PEER ADVOCATES FOR STUDENT SUCCCESS (PASS) THROUGH FINANCIAL EDUCATION
(106) PURDUE FOUNDATION DICK AND SANDY DAUCH ALUMNI CENTER403 WEST WOOD STREET WEST LAFAYETTE,IN47907	31-0958507	501(C)(3)	15,000		FMV		EMERGING URBAN LEADERS SCHOLARSHIP
(107) PURDUE UNIVERSITY610 PURDUE MALL WEST LAFAYETTE,IN47907	35-6002041	501(C)(3)	30,000		FMV		SCIENCE BOUND USA PARENTS PROGRAM
(108) RANKEN JORDAN - A PEDIATRIC SPECIALTY HOSPITAL11365 DORSETT RD MARYLAND HEIGHTS,MO63043	43-0666765	501(C)(3)	7,500		FMV		EDUCAT
(109) REACH FOR COLLEGE INC700 12TH STREET NW SUITE 700 WASHINGTON,DC20005	06-1756561	501(C)(3)	25,000		FMV		REACH FOR COLLEGE! METRO DC
(110) RILEY CHILDREN'S FOUNDATION30 S MERIDIAN STREET SUITE 200 INDIANAPOLIS,IN462043540	35-0868147	501(C)(3)	72,000		FMV		RILEY HOSPITAL FOR CHILDREN SCHOOL PROGRAM
(111) RIVERVIEW HOSPITAL FOUNDATION395 WESTFIELD RD PO BOX 220 NOBLESVILLE,IN46061	35-1378456	501(C)(3)	6,000		FMV		DEC 2010 MATCHING GIFT
(112) RONALD MCDONALD HOUSE CHARITIES INC111 MONUMENT CIRCLE SUITE 882 INDIANAPOLIS,IN46204	35-1788444	501(C)(3)	30,000		FMV		RONALD MCDONALD HOUSE CHARITIES SCHOLARSHIPS
(113) ROSE-HULMAN INSTITUTE OF TECHNOLOGY5500 WABASH AVENUE TERRE HAUTE,IN478033999	35-0868149	501(C)(3)	10,000		FMV		NEED-BASED SCHOLARSHIPS
(114) RUST COLLEGE150 RUST AVENUE HOLLY SPRINGS,MS38635	64-0303805	501(C)(3)	6,000		FMV		SCHOLARSHIP ASSISTANCE FOR LOW-INCOME STUDENTS
(115) SAINT FLORIAN CENTER2511 E 46TH STREET SUITE P-1 INDIANAPOLIS,IN46205	35-1971700	501(C)(3)	20,000		FMV		"MY BROTHER'S KEEPER"
(116) SALISH KOOTENAI COLLEGEPO BOX 117 PABLO,MT59855	81-0378823	501(C)(3)	150,000		FMV		PARTNERS FOR STUDENT SUCCESS
(117) SAN JACINTO COLLEGE FOUNDATION4624 FAIRMONT PARKWAY SUITE 208 PASADENA,TX77504	76-0502278	501(C)(3)	10,000		FMV		EXCELLENCE IN DEBT MANAGEMENT AWARDS
(118) SANIBEL CAPTIVA CONSERVATION FOUNDATIONPO BOX 839 SANIBEL,FL33957	59-1205087	501(C)(3)	10,000		FMV		APRIL 2011 MATCHING GIFT
(119) SCHOLARSHIP AMERICA INC1550 AMERICAN BLVD EAST SUITE 155 MINNEAPOLIS,MN55425	04-2296967	501(C)(3)	24,940		FMV		LEARNING COMMUNITIES INITIATIVE
(120) SCHOLARSHIP AMERICA INC1037 NE 65TH ST SUITE 234 SEATTLE,WA98115	04-2296967	501(C)(3)	15,000		FMV		LIGHT THE FIRE FOR EDUCATION
(121) SEATTLE PUBLIC SCHOOLSMS-32-156 PO BOX 34165 SEATTLE,WA981241165	91-6001541	501(C)(3)	40,000		FMV		COLLEGE BOUND SCHOLARSHIP COUNSELOR ON SPECIAL ASSIGNMENT
(122) SECOND HELPINGS INC1121 SOUTHEASTERN AVE INDIANAPOLIS,IN46202	35-1484281	501(C)(3)	7,200		FMV		CULINARY JOB TRAINING PROGRAM
(123) SITTING BULL COLLEGE9299 HWY 24 FORT YATES,ND58538	23-7373765	501(C)(3)	25,000		FMV		FINANCIAL EMPOWERMENT AWARENESS TEAM (FEAT)
(124) SOUTH PUGET SOUND COMMUNITY COLLEGE FOUNDATION2011 MOTTMAN ROAD SW OLYMPIA,WA985126292	91-1174940	501(C)(3)	31,500		FMV		THE ALL-WASHINGTON ACADEMIC TEAM PROGRAM
(125) SOUTHWESTERN INDIAN POLYTECHNIC INSTITUTE BOARD OF REGENTS9169 COORS BLVD NW ALBUQUERQUE,NM87120	85-0235298	501(C)(3)	25,000		FMV		FINANCIALLY FIT: COMMUNITY PEER EDUCATION COMPONENT
(126) ST MARIA GORETTI PARISH17102 SPRINGMILL ROAD WESTFIELD,IN46074	35-1950891	501(C)(3)	30,000		FMV		DEC 2010 MATCHING GIFT
(127) ST VINCENT FOUNDATION8402 HARCOURT ROAD SUITE 210 INDIANAPOLIS,IN46260	35-6088862	501(C)(3)	70,479		FMV		PEYTON MANNING CHILDREN'S HOSPITAL AT ST.VINCENT FULL-TIME TEACHER
(128) STARFISH814 N DELAWARE STREET INDIANAPOLIS,IN46204	56-2442758	501(C)(3)	515,000	15,000	FMV	SOFTWARE APPLICATION	"I MADE A DIFFERENCE TO THIS ONE" STARFISH INITIATIVE. BACK TO SCHOOL EXPO
(129) STATE HIGHER EDUCATION EXECUTIVE OFFICERS3035 CENTER GREEN DR SUITE 100 BOULDER,CO803012205	23-7167258	501(C)(3)	40,000		FMV		"SHEEO STATE AGENCY POLICY WORKSHOP AT THE 2011 SHEEO ANNUAL HIGHER EDUCATION POLICY CONFERENCE: ADVANCING OPPORTUNITY, LEARNING, DATA USE, AND PRODUCTIVITY IN HIGHER EDUCATION"
(130) STUDENT AFRICAN AMERICAN BROTHERHOOD NATIONAL HEADQUARTERSPO BOX 350842 TOLEDO,OH43635	76-0815208	501(C)(3)	50,000		FMV		STUDENT AFRICAN AMERICAN BROTHERHOOD (SAAB) NATIONAL LEADERSHIP CONFERENCE. SAAB INDIANA HIGH SCHOOL EXPANSION PROJECT
(131) STUDENT ASSISTANCE FOUNDATION OF MONTANA2500 BROADWAY PO BOX 203101 HELENA,MT596203101	81-0527529	501(C)(3)	10,000		FMV		"A STEP AHEAD" COLLEGE PREP CAMP
(132) SUNNYSIDE DISTRICT ALUMNI ASSOCIATION SUSD PUBLIC RELATIONS2238 E GINTER RD TUCSON,AZ85706	38-3810189	501(C)(3)	7,500		FMV		SCHOLARSHIP DONATION
(133) SUNNYSIDE UNIFIED SCHOOL DISTRICT FOUNDATION INC2238 EAST GINTER ROAD TUCSON,AZ85706	86-6000792	501(C)(3)	100,000		FMV		SUNNYSIDE UNIFIED SCHOOL DISTRICT LEARNING COMMUNITY INITIATIVE
(134) SUSQUEHANNA UNIVERSITY514 UNIVERSITY AVENUE SELINSGROVE,PA17870	23-1353385	501(C)(3)	27,500		FMV		EDUCATIONAL ADVANCEMENT PROGRAMS. JAN 2011 MATCHING GIFT.
(135) THE CHILDRENS HOSPITAL OF PHILADELPHIA FOUNDATION34TH STREET AND CIVIC CENTER BOULEVARD PHILADELPHIA,PA19104	23-2237932	501(C)(3)	10,000		FMV		HOSPITAL SCHOOL PROGRAM OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA
(136) THE FUND FOR HOOSIER EXCELLENCEPO BOX 97 INDIANAPOLIS,IN46206	35-1579672	501(C)(3)	50,000		FMV		ANNUAL FUND FOR SCHOLARSHIPS
(137) THE INDIANA PARTNERSHIPS CENTER921 E 86TH STREET SUITE 108 INDIANAPOLIS,IN46240	35-2145677	501(C)(3)	20,000		FMV		ATTEND AND ACHIEVE: FAMILY, SCHOOL, AND COMMUNITY ENGAGEMENT
(138) THE POSSE FOUNDATION INC14 WALL STREET SUITE 8A-60 NEW YORK,NY10005	13-3840394	501(C)(3)	50,000		FMV		TO IDENTIFY, RECRUIT, AND SELECT STUDENT LEADERS FROM PUBLIC HIGH SCHOOLS AND SEND THEM IN GROUPS CALLED POSSES TO SOME OF THE TOP COLLEGES AND UNIVERSITIES IN THE COUNTRY.
(139) THE REGENTS OF THE UNIVERSITY OF CALIFORNIA300 LAKESIDE DRIVE 7TH FLOOR OAKLAND,CA94612	94-3067788	501(C)(3)	77,000		FMV		PUENTE PROJECT 9TH GRADE STUDENT LEADERSHIP CONFERENCES
(140) THURGOOD MARSHALL COLLEGE FUND INC80 MAIDEN LANE SUITE 2204 NEW YORK,NY10038	41-1750692	501(C)(3)	200,000		FMV		USA FUNDS/TMCF SCHOLARSHIP PROGRAM
(141) THURGOOD MARSHALL COLLEGE FUND INC80 MAIDEN LANE SUITE 2204 NEW YORK,NY10038	41-1750692	501(C)(3)	50,000		FMV		11TH ANNUAL LEADERSHIP INSTITUTION & RECRUITMENT FAIR
(142) TRAINING INC333 N PENNSYLVANIA STREET SUITE 900 900 INDIANAPOLIS,IN46204	35-1682914	501(C)(3)	50,000		FMV		BRIDGES TO SUCCESS
(143) TULANE UNIVERSITY OFFICE OF THE PRESIDENT218 GIBSON HALL 6823 ST CHARLES NEW ORLEANS,LA70118	72-0423889	501(C)(3)	25,000		FMV		SCHOLARSHIP, AND OR ANY USE OF FUNDS TO INCREASE ACCESS TO EDUCATION
(144) U S DREAM ACADEMY INC5950 SYMPHONY WOODS ROAD SUITE 504 COLUMBIA,MD21044	59-3514841	501(C)(3)	115,000		FMV		10TH ANNUAL POWER OF A DREAM GALA. DREAM ACADEMY ALUMNI COLLEGE SUCCESS PROGRAM
(145) UNITED FRIENDS OF THE CHILDREN1055 WILSHIRE BLVD STE 1955 LOS ANGELES,CA90017	95-3665186	501(C)(3)	10,000		FMV		COLLEGE READINESS PROGRAM
(146) UNITED NEGRO COLLEGE FUND3737 N MERIDIAN ST SUITE 203 INDIANAPOLIS,IN46208	13-1624241	501(C)(3)	347,000	146,114	FMV	UNCF GALA	UNCF/USA FUNDS SCHOLARSHIP PROGRAM. UNCF INDIANAPOLIS MASKED BALL. UNCF ANNUAL FUND DEVELOPMENT PROGRAM. UNCF CAMPAIGN MARKETING PROGRAM (BUILDING BRAND AWARENESS). DEC 2010 MATCHING GIFTS.
(147) UNITED WAY OF CENTRAL INDIANA INC3901 N MERIDIAN ST INDIANAPOLIS,IN462080409	35-1007590	501(C)(3)	100,000		FMV		CONNECTED BY 25-EDUCATION SUCCESS PROGRAM. EARLY READERS CLUB. COMMUNITY SCHOOL COORDINATION.
(148) UNIVERSITY OF HAWAII FOUNDATIONPO BOX 11270 HONOLULU,HI968280270	99-0085260	501(C)(3)	15,000		FMV		EXCELLENCE IN DEBT MANAGEMENT AWARDS
(149) UNIVERSITY OF MICHIGAN200 FLETCHER ST ANN ARBOR,MI481091007	38-6006309	501(C)(3)	20,000		FMV		SCHOLARSHIPS FOR HIGHLY QUALIFIED AFRICAN AMERICAN MALE LAW SCHOOL STUDENT
(150) UNIVERSITY OF NEVADA RENO FOUNDATIONMAILSTOP 162 RENO NV 89557 RENO,NV89557	94-2781749	501(C)(3)	100,000		FMV		DEAN'S FUTURE SCHOLARS
(151) UNIVERSITY OF NOTRE DAME1100 GRACE HALL NOTRE DAME,IN46556	35-0868188	501(C)(3)	22,500		FMV		LAW SCHOOL ADVANCEMENT PROGRAMS. JAN 2011 MATCHING GIFT.
(152) UNIVERSITY OF NOTRE DAME DU LAC202 BROWNSON HALL NOTRE DAME,IN46556	35-0868188	501(C)(3)	10,000		FMV		ABCS OF FINANCIAL LITERACY
(153) UNIVERSITY OF PENNSYLVANIAOFFICE OF RESEARCH 3451 WALNUT STREET P-221 PHILADELPHIA,PA191046205	23-1352685	501(C)(3)	182,604		FMV		MSI - MODELS OF SUCCES PROJECT
(154) UNIVERSITY OF PITTSBURGH107 PARK PLAZA 128 NORTH CRAIG STREET PITTSBURGH,PA15260	25-0965591	501(C)(3)	15,000		FMV		PURSUING THE PITTSBURGH PROMISE (TRIPLE P)
(155) UNIVERSITY OF PORTLAND5000 N WILLAMETTE BLVD PORTLAND,OR97203	93-0401259	501(C)(3)	80,000		FMV		FUND THE "REV. E. WILLIAM BEAUCHAMP SCHOLARSHIP FUND." NOV 2010 MATCHING GIFT.
(156) UNIVERSITY OF SOUTH FLORIDA4202 E FOWLER AVE SOC 107 TAMPA,FL33620	59-2959590	501(C)(3)	23,000		FMV		COLLEGE GOAL SUNDAY
(157) UNIVERSITY OF VIRGINIAPO BOX 400807 CHARLOTTESVILLE,VA229044807	54-6001796	501(C)(3)	8,000		FMV		NEED-BASED SCHOLARSHIP ASSISTANCE THROUGH THE "ACCESS UVA" PROGRAM
(158) UNIVERSITY OF WISCONSIN FOUNDATION1848 UNIVERSITY AVENUE MADISON,WI53726	39-0743975	501(C)(3)	12,000		FMV		JANUARY 2011 MATCHING GIFT
(159) URBAN LEAGUE OF METROPOLITAN SEATTLE105 14TH AVE SEATTLE,WA98122	91-0575954	501(C)(3)	10,000		FMV		11TH ANNUAL MEMBERSHIP BREAKFAST
(160) USD 259201 NORTH WATER WICHITA,KS67202	48-6000351	501(C)(3)	75,000		FMV		AVID (ADVANCEMENT VIA INDIVIDUAL DETERMINATION) SECONDARY
(161) VALENCIA COMMUNITY COLLEGE FOUNDATION INC190 SOUTH ORANGE AVENUE ORLANDO,FL32801	23-7442785	501(C)(3)	30,700		FMV		EXPANDING AND ENHANCING THE FINANCIAL LITERARY AMBASSADORS
(162) VIA CHRISTI FOUNDATION723 N MCLEAN SUITE 310 WICHITA,KS67203	48-1173588	501(C)(3)	21,243		FMV		CHILDLIFE CENTER'S EDUCATIONAL RESOURCE CENTER
(163) WEST LOS ANGELES COLLEGE FOUNDATION9000 OVERLAND AVENUE CULVER CITY,CA90230	23-7351797	501(C)(3)	27,460		FMV		UMOJA SUMMER BRIDGE ACADEMY
(164) WESTERN WASHINGTON UNIVERSITYWASHINGTON CAMPUS COMPACT516 HIGH ST MS5291 BELLINGHAM,WA98225	91-6073519	501(C)(3)	20,000		FMV		QUICK START TO COLLEGE - SENIOR YEAR
(165) YMCA OF GREATER INDIANAPOLIS - URBAN MISSION BRANCH615 N ALABAMA ST SUITE 200 INDIANAPOLIS,IN46204	35-0868211	501(C)(3)	100,000		FMV		THE YMCA COLLEGE READINESS & ACCESS INITIATIVE
(166) YMCA OF THE USA101 N WACKER DR CHICAGO,IL60606	36-3258696	501(C)(3)	50,000		FMV		COLLEGE GOAL SUNDAY (CGS) FORUM
(167) YOUTH ENTREPRENEURS OF KANSAS4111 E 37TH STREET N STE D101 WICHITA,KS67225	48-1187886	501(C)(3)	75,000		FMV		YOUTH ENTREPRENEURS CLASSROOM AND ALUMNI PROGRAM SUPPORT

Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image

167

Enter total number of other organizations ................................ . Bullet Image

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2010

Page 2

Part III

Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant
(1) SCHOLARSHIPS	680	939,622
(2) FASFAA COMPLETION HELP	10000	260,000

Part IV

Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.

Identifier	Return Reference	Explanation
PROCEDURE FOR MONITORING GRANTS IN THE U.S.:	PART I, LINE 2:	SCHEDULE I, PART I, LINE 2: USA FUNDS' GRANT-MAKING IS LIMITED TO THE 50 U.S. STATES AND THE DISTRICT OF COLUMBIA. USA FUNDS MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO SEND IN A FINAL ACCOUNTING REPORT DESCRIBING HOW THE FUNDS WERE USED. THIS REPORT WILL INCLUDE ACTUAL EXPENSES THAT WOULD BE COMPARED TO THE BUDGET SENT IN WITH THE ORGINAL GRANT REQUEST. IN ADDITION, PROGRAM OFFICERS PERFORM SITE VISITS OR ATTEND EVENTS THAT USA FUNDS HAS SPONSORED.

Schedule I (Form 990) 2010

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet

Attach to Form 990. SchJMediumBullet

See separate instructions.

OMB No. 1545-0047

2010

Open to Public Inspection

Name of the organization

UNITED STUDENT AID FUNDS INC

Employer identification number

94-6050341

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....

Yes

Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ...............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? ........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 50053T

Schedule J (Form 990) 2010

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.

(A) Name		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported in prior Form 990 or Form 990-EZ
(A) Name		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
(1) CARL DALSTROM	(i) (ii)	382,430 0	166,400 0	37,936 0	156,850 0	17,748 0	761,364 0	0 0
(2) STEPHEN HAM	(i) (ii)	208,230 0	84,100 0	24,162 0	40,019 0	20,247 0	376,758 0	0 0
(3) DAVID BOODT	(i) (ii)	207,325 0	78,700 0	10,342 0	53,454 0	22,162 0	371,983 0	0 0
(4) DENISE FESER	(i) (ii)	181,165 0	76,900 0	34,283 0	35,943 0	8,354 0	336,645 0	0 0
(5) GREGORY AYERS	(i) (ii)	161,471 0	65,900 0	33,455 0	29,400 0	20,162 0	310,388 0	0 0
(6) TERRY MUILENBURG	(i) (ii)	192,107 0	86,100 0	35,051 0	39,573 0	30,958 0	383,789 0	0 0
(7) ROBERT BALLARD	(i) (ii)	176,688 0	74,300 0	38,377 0	37,312 0	16,284 0	342,961 0	0 0
(8) DEBORAH MCCLOUD	(i) (ii)	129,256 0	31,717 0	41,097 0	24,163 0	16,284 0	242,517 0	0 0
(9) HENRY FERNANDEZ	(i) (ii)	128,731 0	31,686 0	23,782 0	22,412 0	14,891 0	221,502 0	0 0
(10) ANNE CALVERT	(i) (ii)	107,519 0	25,982 0	25,203 0	19,093 0	15,022 0	192,819 0	0 0
(11) JONI ANDERSON	(i) (ii)	104,123 0	29,068 0	20,076 0	18,531 0	8,929 0	180,727 0	0 0
(12) KRISANN PEARCE	(i) (ii)	133,785 0	34,478 0	11,709 0	18,033 0	27,957 0	225,962 0	0 0
(13) BRIAN ALLISON	(i) (ii)	109,114 0	20,438 0	28,317 0	17,540 0	24,957 0	200,366 0	0 0

Schedule J (Form 990) 2010

Page 3

Part III

Supplemental Information

Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.

Identifier	Return Reference	Explanation
	PART I, LINE 1A	FIRST CLASS TRAVEL- FIRST CLASS TRAVEL IS APPROVED FOR TRUSTEES IF THE FLIGHT IS MORE THAN 2 HOURS IN DURATION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. SUCH EXCEPTION, DUE TO A MEDICAL CONDITION, HAS BEEN APPROVED FOR CARL DALSTROM, CEO, BY THE BOARD CHAIR. FIRST CLASS TRAVEL IS APPROVED FOR EMPLOYEES, AT THE DISCRETION OF THE CEO, IF THEY TRAVEL FREQUENTLY AS PART OF THEIR POSITION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. SR. VP & CFO STEVE HAM HAS BEEN APPROVED BY THE CEO FOR ONE CLASS UPGRADE, WHICH MAY RESULT IN FIRST CLASS TRAVEL, DUE TO A MEDICAL CONDITION. PART I, LINE 1A: HEALTH OR SOCIAL CLUB DUES USA FUNDS MAY REIMBURSE EACH EMPLOYEE UP TO A MAXIMUM OF $250 PER CALENDAR YEAR FOR THE COST OF (I) EXERCISE EQUIPMENT PURCHASED DURING THE APPLICABLE CALENDAR YEAR AND/OR (II) A HEALTH OR FITNESS CLUB MEMBERSHIP. ALL REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE.
	PART I, LINE 4B	SUCH A PLAN EXISTS FOR THE CEO OF USA FUNDS. NO PAYMENTS HAVE BEEN MADE UNDER THE PLAN.
	PART I, LINE 7	ALL OFFICERS AND ALL EMPLOYEES OF THE COMPANY PARTICIPATE IN THE "EMPLOYEE INCENTIVE PLAN." ANNUAL PAYMENTS ARE BASED ON OVERALL CORPORATE PERFORMANCE IN THE ACCOMPLISHMENT OF THE CORPORATE OBJECTIVES, AS EVALUATED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AND INDIVIDUAL PERFORMANCE. THE AMOUNT OF THE PAYMENT IS A PERCENTAGE OF ANNUAL SALARY, VARYING BY THE SALARY GRADE OF THE INDIVIDUAL POSITION.

Schedule J (Form 990) 2010

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ. MediumBullet

See separate instructions.

OMB No. 1545-0047

2010

Open to Public Inspection

Name of the organization

UNITED STUDENT AID FUNDS INC

Employer identification number

94-6050341

Part I

Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(b) Description of transaction	(c) Corrected?
1(a) Name of disqualified person	(b) Description of transaction	Yes	No

Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.

(a) Name of interested person and purpose	(b) Loan to or from the organization?		(c)Original principal amount	(d)Balance due	(e) In default?		(f) Approved by board or committee?		(g)Written agreement?
(a) Name of interested person and purpose	To	From	(c)Original principal amount	(d)Balance due	Yes	No	Yes	No	Yes	No






Total ............... $

Part III

Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b)Relationship between interested person and the organization	(c)Amount of grant or type of assistance
(1) UNIVERSITY OF PORTLAND	SEE PART V	50,000

For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2010

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) GRIGSBY & ASSOCIATES	BOARD MEMBER	74,700	SEE PART V		No
(2) KREIG DEVAULT LLP	BOARD MEMBER	53,500	SEE PART V		No
(3) PREISTS OF THE HOLY CROSS	BOARD MEMBER	34,075	SEE PART V		No

Part V

Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule L (see instructions).

Identifier	Return Reference	Explanation
		SCHEDULE L, PART III - REV. BEAUCHAMP IS A MEMBER OF THE BOARD OF TRUSTEES FOR UNITED STUDENT AID FUNDS, INC. AND IS ALSO PRESIDENT OF THE UNIVERSITY OF PORTLAND. UNITED STUDENT AID FUNDS, INC. PROVIDES THAT ALL BOARD MEMBERS MAY DESIGNATE UP TO $25,000 TO BE GRANTED TO A NON-PROFIT EDUCATIONAL ORGANIZATION OF THEIR CHOICE. REV. BEAUCHAMP DESIGNATES THE UNIVERSITY OF PORTLAND FOR SUCH PURPOSES, FOR WHICH HE RECEIVES NO PERSONAL BENEFIT. REV. BEAUCHAMP'S DESIGNATED GIFT FOR CALENDAR YEAR 2010 WAS PAID IN FISCAL YEAR 2011. ALSO, REV. BEAUCHAMP'S DESIGNATED GIFT FOR CALENDAR YEAR 2011 WAS PAID IN FISCAL YEAR 2011. SCHEDULE L, PART IV, COLUMN B, LINE 1 - MARSHALL GRIGSBY, A BOARD MEMEBER OF THE UNITED STUDENT AID FUNDS, INC. , IS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF GRIGSBY & ASSOCIATES, LLC, A CONLSULTING FIRM THAT SPECIALIZES IN EDUCATION POLICY ISSUES AND THE LEGISLATIVE PROCESS.SCHEDULE L, PART IV, COLUMN D, LINE 1 - MARSHALL GRIGSBY, IN HIS CAPACITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF GRIGSBY & ASSOCIATES, LLC RENDERED CONSULTING SERVICES TO THE CORPORATION AND ITS AFFLIATES DURING YEAR.SCHEDULE L, PART IV, COLUMN B, LINE 2 - WILLIAM NEALE IS A BOARD MEMBER OF UNITED STUDENT AID FUNDS, INC. AND IS A PARTNER IN THE LAW FIRM OF KRIEG DEVAULT, LLP.SCHEDULE L, PART IV, COLUMN D, LINE 2 - UNITED STUDENT AID FUNDS, INC., PAID A PORTION OF WILLIAM NEALE'S TRUSTEE FEES DIRECTLY TO KRIEG DEVAULT.SCHEDULE L, PART IV, COLUMN B, LINE 3 - REV. WILLIAM BEAUCHAMP IS A BOARD MEMBER OF UNITED STUDENT AID FUNDS, INC. AND IS A MEMBER OF THE PRIESTS OF THE HOLY CROSS, INDIANA PROVINCE.SCHEDULE L, PART IV, COLUMN D, LINE 3 - THE AMOUNTS REFLECTED ARE THE TRUSTEE FEES FOR REV. WILLIAM BEAUCHAMP WHICH WERE PAID DIRECTLY TO THE PRIESTS OF THE HOLY CROSS.

Schedule L (Form 990 or 990-EZ) 2010

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2010

Open to Public
Inspection

Name of the organization

UNITED STUDENT AID FUNDS INC

Employer identification number

94-6050341

Identifier	Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2		THE FOLLOWING ARE OFFICERS AND BOARD MEMBERS OF UNITED STUDENT AID FUNDS, INC. OR ITS RELATED ORGANIZATION. MANY OF THE EMPLOYEES AND SOME TRUSTEES SERVE ON OTHER RELATED UNITED STUDENT AID FUNDS, INC. BOARDS. IKE BATALIS REV. WILLIAM BEAUCHAMP BLAKE DEVITT MARSHALL GRIGSBY NORMAN LEFSTEIN ILENE NAGEL WILLIAM NEALE ERNEST NEWBORN II EDWARD SCHMIDT CARL DALSTROM STEPHEN HAM DAVID BOODT DENISE FESER GREGORY AYERS TERRY MULLENBURG ROBERT BALLARD
FORM 990, PART VI, SECTION A, LINE 6		AS A DELAWARE NON-PROFIT ORGANIZATION, THIS CORPORATION HAS INDIVIDUALS AS ITS MEMBERS THAT SERVE AS ITS BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11		ONCE THE FORM 990 IS PREPARED BY THE COMPANY, WITH ASSISTANCE FROM THE EXTERNAL TAX ACCOUNTING FIRM, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE AUDIT COMMITTEE HAS COMPLETED THEIR REVIEW, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE FULL BOARD IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD.
	FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY, A CONFLICT OF INTEREST AND DISCLOSURE QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY ALL EMPLOYEES. THE PURPOSE OF THE QUESTIONNAIRE IS TO SOLICIT INFORMATION ABOUT RELATIONSHIPS THAT MAY CONSTITUTE A POTENTIAL CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD OF TRUSTEES SIGNS AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SET FORTH IN THE APPROVED CONFLICTS OF INTEREST POLICY FOR TRUSTEES. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. WHEN ANY SUCH CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD OF TRUSTEES OR THE AUDIT COMMITTEE, THE INTERESTED PERSON SHALL CALL IT TO THE ATTENTION OF THE CHAIR OF THE AUDIT COMMITTEE, AND SUCH PERSON SHALL NOT VOTE ON THE MATTER. MOREOVER, THE PERSON HAVING THE CONFLICT SHALL LEAVE THE ROOM IN WHICH THE MEETING IS HELD AND NOT PARTICIPATE IN THE FINAL DELIBERATIONS OR DECISION REGARDING THE MATTER UNDER CONSIDERATION. A BOARD MEMBER SHALL ADVISE THE CHAIR OF THE AUDIT COMMITTEE AND THE CORPORATE SECRETARY IN WRITING OF ANY POTENTIAL CONFLICTS OF INTEREST WHICH ARISE AFTER SIGNING THE CONFLICT OF INTEREST DISCLOSURE STATEMENT.
	FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION DETERMINATIONS OF USA FUNDS' CEO AND THE OTHER OFFICERS ARE MADE BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEE WHOSE MEMBERS HAVE NO CONFLICT OF INTEREST WITHIN THE MEANING OF TREAS. REG. 53.4958-6(C)(1)(III). THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION PHILOSOPHY, AND WITH COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT, ANNUALLY EVALUATES THE PERFORMANCE OF THE CEO AND ALL OTHER OFFICERS, AND DETERMINES IN ADVANCE THE REASONABLENESS OF COMPENSATION PAID TO AND BENEFITS PROVIDED TO SUCH INDIVIDUALS. AS PART OF THE ANNUAL PERFORMANCE EVALUATION, THE COMPENSATION COMMITTEE SOLICITS THE VIEWS OF THE CHAIRS OF THE OTHER BOARD COMMITTEES. THE DETERMINATIONS MADE AND THE BASIS OF SUCH DETERMINATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN WRITTEN MINUTES. FINAL DETERMINATIONS ARE REPORTED TO THE FULL BOARD OF TRUSTEES.
	FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ANY DOCUMENT OPEN TO PUBLIC INSPECTION AVAILABLE UPON REQUEST.
AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS DURING THE YEAR:	FORM 990, PART VII:	CARL DALSTROM - 3 HOURS STEPHEN HAM - 4 HOURS DAVID BOODT - 8 HOURS JONI ANDERSON - 8 HOURS IKE BATALIS - 1 HOUR REV. WILLIAM BEAUCHAMP - 1 HOUR TERRY MUILENBURG - 2 HOURS DENISE FESER - 6 HOURS ROBERT BALLARD - 5 HOURS GREGORY AYERS - 2 HOURS DEBORAH MCCLOUD - 4 HOURS ANNE CALVERT - 4 HOURS
CHANGES IN NET ASSETS OR FUND BALANCES:	FORM 990, PART XI, LINE 5:	NET UNREALIZED LOSSES ON INVESTMENTS: -17,316,755. NET ACTUARIAL LOSS RELATED TO EMPLOYEE BENEFIT PLANS -1,372,785. TOTAL TO FORM 990, PART XI, LINE 5: -18,689,540.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2010

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBullet

Attach to Form 990. MediumBullet

See separate instructions.

OMB No. 1545-0047

2010

Open to Public Inspection

Name of the organization

UNITED STUDENT AID FUNDS INC

Employer identification number

94-6050341

Part I

Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)

(a) Name, address, and EIN of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled organization
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) NORTHWEST EDUCATION LOAN ASSOC PO BOX 6028 INDIANAPOLIS,IN462066028 91-1068278	STUDENT LOAN GUARANTOR	WA	SECTION 501(C)(3)	7	USA FUNDS	Yes
(2) SECONDARY MARKET SERVICES CORP - HAWAII PO BOX 6028 INDIANAPOLIS,IN462066028 35-1876688	STUDENT LOAN SECONDARY MKT	HI	SECTION 501(C)(3)	11A, I	USA FUNDS	Yes

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2010

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership

Schedule R (Form 990) 2010

Page 3

Part V

Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)

Note. Complete line 1 if any entity is listed in Parts II, III or IV.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

Yes

b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .

Yes

l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .

m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of other organization	(b) Transaction type(a-r)	(c) Amount involved	(d) Method of determining amount involved
(1) NORTHWEST EDUCATION LOAN ASSOCIATION	B	244,000	FMV
(2) NORTHWEST EDUCATION LOAN ASSOCIATION	K	631,722	FMV
(3) NORTHWEST EDUCATION LOAN ASSOCIATION	P	464,404	COST REIMBURSEMENT
(4) SECONDARY MARKET SERVICES CORP - HAWAII	A	212,636	FMV
(5) SECONDARY MARKET SERVICES CORP - HAWAII	K	184,502	FMV
(6) SECONDARY MARKET SERVICES CORP - HAWAII	P	678,540	COST REIMBURSEMENT

Schedule R (Form 990) 2010

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Are all partners section 501(c)(3) organizations?		(e) Share of end-of-year assets	(f) Disproprtionate allocations?		(g) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(h) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(e) Share of end-of-year assets	Yes	No	(g) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2010

Page 5

Part VII

Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule R (see instructions).

Identifier	Return Reference	Explanation

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO ENHANCE POSTSECONDARY EDUCATION PREPAREDNESS, ACCESS AND SUCCESS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ....	3	12
4	Number of independent voting members of the governing body (Part VI, line 1b) ....	4	9
5	Total number of individuals employed in calendar year 2010 (Part V, line 2a) ...	5	154
6	Total number of volunteers (estimate if necessary) ....	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ..	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 ..	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	395,343,051	392,137,408
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	12,139,857	20,200,473
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	407,482,908	412,337,881
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	7,051,855	12,857,072
14	Benefits paid to or for members (Part IX, column (A), line 4) ....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	16,598,238	20,823,345
16a	Professional fundraising fees (Part IX, column (A), line 11e)....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f)....	327,540,376	322,203,370
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	351,190,469	355,883,787
19	Revenue less expenses. Subtract line 18 from line 12......	56,292,439	56,454,094
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16)............	1,082,676,028	1,024,408,298
21	Total liabilities (Part X, line 26)............	569,983,129	473,950,845
22	Net assets or fund balances. Subtract line 21 from line 20 .....	512,692,899	550,457,453

Sign Here

	Signature of officer	Date

	Type or print name and title.

Paid Preparer's Use Only	Preparer's signature	Date	Check if self- employed	Preparer’s taxpayer identification number (see instructions)
	Firm’s name (or yours if self-employed), address, and ZIP + 4			EIN
				Phone no.


4a	(Code: ) (Expenses $ 41,034,758 including grants of $ ) (Revenue $ 45,083,104 )
	GUARANTEE SERVICES - USA FUNDS MAINTAINS A PORTFOLIO OF OVER $73 BILLION IN OUTSTANDING EDUCATIONAL LOANS IN ACCORDANCE WITH THE HIGHER EDUCATION ACT OF 1965, AS AMENDED.

4b	(Code: ) (Expenses $ 42,506,323 including grants of $ ) (Revenue $ 50,173,699 )
	DEFAULT AVERSION - USA FUNDS WORKED WITH BORROWERS AND SUCCESSFULLY AVERTED DEFAULTS ON OVER $26.4 BILLION OF DELINQUENT EDUCATIONAL LOANS REPORTED BY LENDERS IN THE CURRENT YEAR.

4c	(Code: ) (Expenses $ 212,526,930 including grants of $ ) (Revenue $ 273,457,454 )
	COLLECTION ON DEFAULTED LOANS - USA FUNDS SUCCESSFULLY COLLECTED OVER $1.34 BILLION ON DEFAULTED EDUCATIONAL LOANS IN THE CURRENT YEAR.

	(Code: ) (Expenses $ 31,246,535 including grants of $ 12,524,072 ) (Revenue $ 23,423,151 )
	INCLUDES OTHER GUARANTOR REVENUES, AS DEFINED BY THE U.S. HIGHER EDUCATION ACT, AND ADMINISTRATIVE FEES CHARGED TO RELATED TAX-EXEMPT ORGANIZATIONS.

4d	Other program services. (Describe in Schedule O.)
	(Expenses $ 31,246,535 including grants of $ 12,524,072 ) (Revenue $ 23,423,151 )
4e	Total program service expenses$ 327,314,546

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)				(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) ROBERT BALLARD SR VP ACCESS & OUTREACH	40.00	X			289,365	0	53,596
(19) DEBORAH MCCLOUD VP & CONTROLLER	40.00		X		202,070	0	40,447
(20) HENRY FERNANDEZ VP GOV'T RELATIONS	40.00			X	184,199	0	37,303
(21) ANNE CALVERT VP FIN ANALYSIS & BUDGET	40.00			X	158,704	0	34,115
(22) JONI ANDERSON VP & SR CORP COUNSEL	32.00			X	153,267	0	27,460
(23) KRISANN PEARCE VP, CONGR RELATIONS	40.00			X	179,972	0	45,990
(24) BRIAN ALLISON VP, PRODUCT DEVELOPMENT	40.00			X	157,869	0	42,497

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	3,827,492	0	756,278

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512, 513, or 514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f
g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......
			Business Code
2a	COLLECTIONS ON DEFAULT		522,200	273,457,454	273,457,454
b	DEFAULT AVERSION FEES		522,200	50,173,699	50,173,699
c	GUARANTEE SERVICES		522,200	45,083,104	45,083,104
d
e
f	All other program service revenue .			23,423,151	23,423,151
g	Total. Add lines 2a–2f........			392,137,408
3	Investment income (including dividends, interest
	and other similar amounts).....			14,372,724			14,372,724
4	Income from investment of tax-exempt bond proceeds..
5	Royalties............
		(i) Real	(ii) Personal
6a	Gross Rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	377,733,670	617,795
b	Less: cost or other basis and sales expenses	372,523,716
c	Gain or (loss)	5,209,954	617,795
d	Net gain or (loss)..........			5,827,749			5,827,749
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions....			412,337,881	392,137,408	0	20,200,473


				(A) Beginning of year		(B) End of year
1	Cashnon-interest-bearing ..........				1
2	Savings and temporary cash investments .......			36,469,370	2	16,452,017
3	Pledges and grants receivable, net .........				3
4	Accounts receivable, net .........			80,023,278	4	69,250,876
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........				5
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........				6
7	Notes and loans receivable, net .............				7
8	Inventories for sale or use ..............				8
9	Prepaid expenses and deferred charges ............			78,817,321	9	61,414,590
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	3,302,749
b	Less: accumulated depreciation. .....	10b	1,448,555	1,262,382	10c	1,854,194
11	Investments—publicly traded securities ..........			491,591,553	11	563,109,845
12	Investments—other securities. See Part IV, line 11 ......				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets .........				14
15	Other assets. See Part IV, line 11 ...........			394,512,124	15	312,326,776
16	Total assets. Add lines 1 through 15 (must equal line 34)...			1,082,676,028	16	1,024,408,298
17	Accounts payable and accrued expenses .			117,021,036	17	112,342,606
18	Grants payable ..........			200,152	18	1,565,416
19	Deferred revenue ..........			87,199,310	19	70,750,697
20	Tax-exempt bond liabilities ..........				20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..			365,562,631	21	289,292,126
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....				24
25	Other liabilities. Complete Part X of Schedule D.....				25
26	Total liabilities. Add lines 17 through 25.....			569,983,129	26	473,950,845
	Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....			512,692,899	27	550,457,453
28	Temporarily restricted net assets .....				28
29	Permanently restricted net assets .....				29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds				32
33	Total net assets or fund balances .....			512,692,899	33	550,457,453
34	Total liabilities and net assets/fund balances .....			1,082,676,028	34	1,024,408,298