ATTACHMENT #3

Dear Student/Borrower:

At your request, your Lender-of-Last-Resort (LLR) Application Master Promissory Note for a Federal Family Education Loan (FFEL) program loan through New York State Higher Education Services Corporation's (HESC) LLR Program, is being held to give you time to decide if you wish to take out this loan.

HESC will hold this application until we hear from you. If you decide that you want this application processed, you may call this office at 1-888-697-4372 between the hours of 9 a.m. and 5 p.m., or you may write to the following address:


HESC
99 Washington Avenue
Albany, New York 12255
ATTENTION: Lender-of-Last-Resort Unit


NEW YORK STATE HIGHER
EDUCATION SERVICES CORPORATION
LENDER-OF-LAST-RESORT UNIT