Ascendium Education Group Inc.

“GLHEC revised the Articles of Incorporation to add United Student Aid Funds, Inc. (USAF) and Northwest Education Loan Association (NELA) as additional supported organizations for which GLHEC may operate exclusively for the benefit of, to perform the functions of and to carry out the purposes. Additionally, the registered agent was updated from Nancy Seifert to Anton Ketterer. GLHEC revised the Bylaws of the organization to add the following: - Tenure provision that prohibits a director from being elected or re-elected for a term which commences on or after their 78th birthday. - Authorization for the Vice Chairman to act as Chairman in the absence of the Chairman of a Board during a Board of Directors meeting. - An Investment Committee that is comprised of 3 directors, a chariman and the chairman of the Audit Committee. - Recognized the Vice Chairman as an officer of the board. - Upon the Chairman's resignation, removal or other event creating a vacancy, the Vice Chairman shall immediately become the Chairman.”

“On an annual basis, the Chairman of the Board, President and CEO, the audit committee and board review the Form 990 prior to filing. The conflicts of interest questionnaires are completed by each Director and reviewed prior to filing the Form 990.”

“Annually, Directors and Officers sign a conflict of interest document which discloses any conflicts. The signed documents are reviewed annually by the Chairman of the Board. If a disclosed conflict occurs, the individual abstains from discussion and voting on topics where a conflict of interest exists. All Directors, Officers and employees are subject to the Human Resources Code of Ethics to maintain the highest ethical and legal standards of business conduct.Part VI, Question 19 Availability of governing documents, conflict of interest policy, and financial statements to general public; federal tax law does not require that such documents be made publicly available. Documents are available upon specific request.”

“The compensation of the CEO and all of the Officers is determined annually by the Personnel Policy Committee of the Board of Directors. The CEO is routinely excused and abstains from discussion and/or voting on any matters related to his own compensation and benefits. The Personnel Policy Committee's report is submitted to the Board of Directors for approval. The decisions are documented in the Board minutes. Every two to three years, an independent compensation study is performed.”

“(1) Directors normally attend 3-4 board meetings and 3-4 committee meetings per year in addition to telephonic conferences and individual meetings with officers. Directors devote an average of 1-3 hours per week to their position(s). (2) Compensation line includes compensation for general counsel services and affiliate group responsibilities. Inside directors are not eligible for Board compensation. (3) Non-operating officer position not separately compensated.”

“Great lakes higher education corporation operates for the support and benefit of great lakes higher education guaranty corporation, northstar guarantee inc., united student aid funds, inc. And northwest education loan association. Part iii, line 2 significant program changes included the addition of two new supported organizations. Effective january 1, 2017 great lakes higher education corporation became the sole member of united student aid funds,inc, (usaf) and northwest education loan association (nela).”

“$20,302,584 - change in investment in wholly owned subsidiary - great lakes educational loan services, inc.”