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USA Funds Prevents $16.7 Billion in Student-Loan Defaults

USA Funds(R), the nation's leading education-loan guarantor, reports that it prevented more than $16.7 billion in potential defaults on loans issued under the Federal Family Education Loan Program during the fiscal year ending Sept. 30, 2007.

USA Funds' default-prevention success saved U.S. taxpayers nearly $16 billion in potential loan-default costs and averted an estimated $5.5 billion in additional loan costs to former students and their parents. Default typically increases a borrower's loan-repayment costs by one-third of the outstanding balance at default, due to collection costs and additional interest.

"We consider default prevention to be USA Funds' top priority," said Carl C. Dalstrom, USA Funds president and CEO. "USA Funds invests tens of millions of dollars every year in services that promote successful student-loan repayment and assist borrowers who experience difficulty in making their loan payments."

Among those services are the following items:

Default-Aversion Assistance.

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October 16, 2007 Legals

FICTITIOUS BUSINESS NAME STATEMENT No. 2007F115 (Expires (08/15/12) First Filing The following person(s) is/are doing business as: EXTREME SIGNS AND FABRICATION, 463-310 Mooney Road, Westwood, CA 96137. Kelly Holt, 385 Willhoile Rd., Chester, CA 96020 Traci Holt, 385 Willhoile Rd., Chester, CA 96020 This business is conducted by a Husband & Wife. The registrant commenced to transact business under the fictitious business name or names listed above on 8/1/07. Signed: Kelly Holt Signed: Traci Holt This statement was filed with the County Clerk of Lassen County on date indicated below: Filed: August 15, 2007 Julie Bustamante, Lassen County Clerk Published LCT Sept. 25, Oct. 2, 9, 16, 2007 FICTITIOUS BUSINESS NAME STATEMENT No. 2007F134 (Expires (09/14/12) First Filing The following person(s) is/are doing business as: INDEPENDENT INK TATTOO, 726 Main St., Susanville, CA 96130. More consolidation debt loans.