Sallie Mae's Parent Answer Scholarship Sweepstakes^TM
Official Rules
(July 1, 2006–May 30, 2007)

Who may enter
Sallie Mae's Parent Answer Scholarship Sweepstakes ("Parent Answer Scholarship Sweepstakes" or "Sweepstakes") is open to all U.S. residents who are parents of undergraduate college students attending a Title IV school, born on January 1, 1983 or later ("Student") for the academic year 2007-2008.

The prize
Sallie Mae will award one (1) $10,000 scholarship toward college tuition and/or other college related expenses to be paid to the Sweepstakes winner.

How to enter
You may register for the Parent Answer Scholarship Sweepstakes by (a) completing the online registration form at www.parentanswerservice.com with your name, address, home telephone number, and valid email address and (b) agreeing to receive Sallie Mae's Parent Answer e-Newsletter, without opting out at any time before the sweepstakes drawing.

Alternatively, you may enter the Parent Answer Scholarship Sweepstakes by mailing a plain piece of 4" x 6" paper on which you have printed your name, valid email address, complete mailing address, telephone number, and the words "Parent Answer Scholarship Sweepstakes—$10,000" in a separate envelope addressed to Parent Answer Scholarship Sweepstakes—$10,000, P.O. Box 9500, Wilkes-Barre, PA 18773-9500.

You also may enter the Parent Answer Scholarship Sweepstakes by (a) completing and returning an Official Sallie Mae Parent Answer Business Reply Card with your name, address, home telephone number, and valid email address and (b) agreeing to receive Sallie Mae's Parent Answer e-Newsletter, without opting out at any time before the sweepstakes drawing.

You may register only once, regardless of entry method. You must enter no later than May 30, 2007 to be eligible to win. Limit one entry per household regardless of method of entry.

Terms and conditions

1. By submitting an entry, you fully and unconditionally agree to and accept these Official Rules. The Parent Answer Scholarship Sweepstakes ("Parent Answer Scholarship Sweepstakes" or "Sweepstakes") is sponsored by Sallie Mae, Inc., 12061 Bluemont Way, Reston, Virginia 20190 ("Sponsor"). "You" means the person who submits an entry.
2. Sweepstakes is void where prohibited. All federal, state, and local laws and regulations apply. Subject to any governmental approval that may be required, Sponsor reserves the right to, without prior notice and at any time, terminate the Sweepstakes, in whole or in part, or modify Sweepstakes in any way, should any factor interfere with its proper conduct as contemplated by these Official Rules. Sweepstakes will begin on July 1, 2006 and will end on May 30, 2007. Sponsor reserves the right in its sole discretion, to cancel the sweepstakes in its entirety, or only the online portion, if it becomes technically corrupted or because of non-authorized human intervention.
3. Eligibility. Sweepstakes is open to all U.S. residents who are parents of undergraduate college students (born on January 1, 1983 or later) attending a Title IV school, for the academic year 2007-2008. Employees, officers or directors of Sallie Mae, their parent companies, affiliates and subsidiaries, and their children, parents, spouses, and members of their household are ineligible to participate. No purchase or online entry necessary. Sweepstakes is open only to legal residents of the United States. A purchase does not enhance your chance of winning.
4. Effective date of entries. Entries made online will be effective on the day received. Entries submitted by mail will be effective on the date Sponsor receives and processes the entry. All entries become the exclusive property of Sallie Mae, Inc. and will not be acknowledged or returned. You are responsible for your costs of entering, including online access charges, long distance telephone charges, and postage.
5. Selection of winners. Winners will be determined by random drawing from all eligible entries received and processed at least one day before the drawing. Drawing will be held on June 3, 2007 or as soon thereafter as is commercially reasonable. Winners will not be eligible to win any other Sallie Mae prizes awarded under Sweepstakes. Winners must agree to the use of their names, voices, and likenesses for the purpose of advertising, trade or promotion without further compensation, unless prohibited by law.
6. Notification of winner. Sweepstakes winner will be notified by email approximately one week after the drawing. All decisions are final and binding. Should an email notice be undeliverable or returned to the Sponsor as invalid, one more attempt will be made via email; and if the notice is undeliverable or returned a second time, Sponsor will mail the notice to the address provided on the entrant's registration form. Winner must contact Sponsor in accordance with instructions on the notice and execute an Affidavit of Eligibility and Liability Release and, where legal, a Publicity Release within 10 days after the date the first notification was sent by the sponsor in order to claim their prize. Failure to complete these steps within that 10-day period will result in disqualification of the selected winner and a new winner will be selected at random from the pool of qualified entries. Sponsor is not responsible for and will not be liable for late, lost, misdirected or unsuccessful efforts to notify winners. The final prize winner will be posted at www.ParentAnswerService.com.
7. Odds of winning. The odds of winning any drawing will be determined by the number of eligible entries received.
8. In the event of a dispute regarding who submitted an entry, the entry will be deemed submitted by the home telephone number entered in the online registration form or the borrower named in the offline registration form.
   
   IMPORTANT: Any person attempting to forge entry or to defraud Sallie Mae in any way in connection with this Sweepstakes will be prosecuted to the fullest extent of the law. Any attempt by a participant or any other individual to deliberately damage any Web site or undermine the legitimate operation of the Sweepstakes may be a violation of criminal and civil laws and should such an attempt be made, Sponsor reserves the right to prosecute any such individual to the fullest extent of the law.
   
   
9. Prize. One (1) $10,000 scholarship will be awarded in the Sweepstakes Winner's name. Winner is responsible for all taxes. Prize is not transferable.
10. Other conditions. Sponsor, its agents and representatives, its parent companies, affiliates, subsidiaries, advertising, promotion and fulfillment agencies and legal advisors are not responsible for and will not be liable for; (I) late, lost, damaged, misdirected, incomplete, unintelligible or postage due entries; (II) telephone, electronic, hardware or software program, network, Internet or computer malfunctions, failures or difficulties of any kind; (III) failed, incomplete, garbled or delayed computer transmissions; (IV) any condition caused by events beyond the control of Sponsor that may cause Sweepstakes to be disrupted or corrupted; (V) any injuries, losses or damages of any kind arising in connection with or as a result of the Sweepstakes, acceptance, possession or use of the name "Parent Answer Scholarship Sweepstakes," or from participation in the Sweepstakes; or (VI) any printing or typographical error in any material associated with the Sweepstakes.
11. Indemnification. You agree to release and hold Sponsor, its employees, officers, directors, shareholders, agents, representatives, parent companies, affiliates, subsidiaries, advertising, promotion and fulfillment agencies, and legal advisors, harmless from any and all losses, damages, rights, claims and actions of any kind in connection with the Sweepstakes or resulting from acceptance, possession or use of the name "Parent Answer Scholarship Sweepstakes", including without limitation, personal injury, death and property damage, and claims based on publicity rights, defamation or invasion of privacy.
12. Resolution of disputes. Except where prohibited by law, as a condition of participating in this Sweepstakes you agree that (1) any and all disputes and causes of action arising out of or connected with the Sweepstakes or any prizes awarded, shall be resolved individually, without resort to any form of class action, and exclusively by final and binding arbitration under the rules of the American Arbitration Association and held at the AAA regional office nearest Reston, Virginia; (2) the Federal Arbitration Act will govern the interpretation, enforcement and all proceedings at such arbitration; and (3) judgment upon such arbitration award may be entered in any court having jurisdiction. Under no circumstances will you be permitted to obtain awards for, and you hereby waive all rights to claim, punitive, incidental or consequential damages, or any other damages, including attorneys' fees, other than your actual out-of-pocket expenses (i.e., costs associated with entering the Sweepstakes), and you further waive all rights to have damages multiplied or increased.
13. Choice of law. All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of you and Sponsor in connection with the Sweepstakes, will be governed by, and construed in accordance with, the substantive laws of the Commonwealth of Virginia without regard to Virginia choice of law rules.