Washington Mutual to Discontinue Education Loans

Washington Mutual authorities have notified the Utah Higher Education Assistance Authority that they will be leaving the education lending arena in order to concentrate efforts in other key areas of banking.

Effective February 28, 2006, Washington Mutual will no longer accept new applications for education loans. Any current loans that are not fully disbursed will still be funded by Washington Mutual and disbursed as scheduled.

Students requesting Washington Mutual as their lender should be provided with the name and lender code of other participating UHEAA partner lenders for any new loans to be processed on or after February 28 th. Please refer to UHEAA’s Web site for a list of current partner lenders at: http://www.uheaa.org/schoolsLending02.html.

For further information, please contact Washington Mutual at 800.433.2476 or UHEAA Borrower Services at 877.336.7378.