For more information contact:
Mary Myers
888.311.7532, ext. 5419
marym@slfaloan.com

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Student Loan Finance Association Announces New Chief Operating Officer
SEATTLE — December 2, 2003 — Student Loan Finance Association, a not-for-profit student loan secondary market based in Seattle, Washington, announced today that Jeff Olden has been promoted to chief operating officer.

Olden has been with Student Loan Finance Association since March 2000. Previously, he served as the company’s chief financial officer and as vice president of finance. In his new role, Olden will be responsible for overseeing the day-today operations as well as maintaining strategic oversight of the company’s financial activities.

“Student Loan Finance Association continues to see exceptional growth in our loan programs and the services we offer to Pacific Northwest schools and families,” said Ralph Kosanovich, president and CEO. “Our industry-leading borrower benefits package makes student loan repayment more affordable and helps students pursue higher education. Jeff ’s background and talents make him the ideal person to lead our operations as we expand.”

Before joining Student Loan Finance Association, Olden spent 10 years in financial services. His work included serving as vice president/manager for retail accounting at Washington Mutual Bank and director of administration/controller at Washington Credit Union League, as well as positions at CU Access Washington and Commerce Bank of Washington. Olden holds a Bachelor of Science degree from Central Washington University and a Bachelor of Arts degree from Seattle University.

Student Loan Finance Association is a not-for-profit corporation created in 1982. Located in Seattle, Washington, the company participates in the Federal Family Education Loan Program (FFELP) and provides financial assistance, support services and information to students, parents, schools and lenders throughout the Pacific Northwest. The company helps ease the burden of student loan repayment by offering flexible repayment options, loan consolidation and money-saving borrower incentives. Student Loan Finance Association currently manages an outstanding loan portfolio in excess of $1.23 billion and has assisted more than 185,000 students in reaching their educational goals. More information can be found at www.slfaloan.com.