Article: Education Lending Group, Inc. Announces Commencement of Exchange Offer of Common Stock for Common Stock.

Education Lending Group, Inc., announced today the commencement of its offering to exchange one share of Education Lending Group common stock, par value $.001 per share, registered with the Securities and Exchange Commission for each share of Education Lending Group's outstanding common stock, par value $.001 per share. The exchange offer will expire at 5:00 p.m., Eastern Time on September 22, 2003.

The offered common stock is identical to the Company's outstanding common stock, except that all of the shares of common stock offered in the exchange have been registered with the Securities and Exchange Commission by a Registration Statement on Form S-4 filed on ...

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