United Student Aid Funds Inc

“Persons listed in part vii may have a "business relationship" with each other by virtue of sitting on related united student aid funds, inc. Boards or by virtue of their employment with related united student aid funds, inc. Entities.”

“Strada education network, inc. Is the sole member of united student aid funds, inc. And appoints the board of trustees.”

“Strada education network, inc. Is the sole member of united student aid funds, inc. As the sole member, strada has the right to (a) appoint and remove the members of the board of trustees of united student aid funds, inc and (b) fill any vacany on the board of trustees.”

“United student aid funds, inc.'s sole member is strada education network, inc. Which shall have the rights and duties as provided in the corporation's bylaws. In furtherance and not in limitation of the powers conferred by law, the member is expressly authorized to make, adopt, alter, amend and repeal, from time to time, the bylaws of the corporation. The member shall act through action taken by its board of trustees.”

“The governing board was restructured after year end, therefore, the majority of the current governing board was not in place during the year the tax return encompasses. It was therefore determined that since the form 990 was prepared and reviewed by management as well as by an outside accounting firm the review process provided the necessary safeguards.”

“Annually, a conflict of interest and disclosure questionnaire is required to be completed by all employees. The purpose of the questionnaire is to solicit information about relationships that may constitute a potential conflict of interest. Each member of the board of trustees signs an annual conflict of interestt disclosure statement that discloses actual or potential conflicts of interest as set forth in the approved conflict of interest policy for trustees. The discolsure statements are reviewed by the goverance committee of the board of trustees. When any such conflict of interest is relevant to a matter requiring action by the board of trustees or any committee, the interested person shall call it to the attention of the chair of the committee, and such person shall not vote on the matter. Moreover, the person having the conflict shall leave the room in which the meeting is held and not participate in the final deliberations or decision regarding the matter under consideration. A board member shall advise the chair of the goverance committee and the corportate secretary in writing of any potential conflicts of interest which arise after signing the conflict of interest disclosure statement.”

“Compensation determinations of united student aid funds, inc.'s ceo and the other officers for calendar year 2015 were made by a compensation committee of the board of trustees of the sole member, strada education network, inc., whose members have no conflict of interest within the meaning of treas. Reg. 53.4958-6(c)(1)(iii). The compensation committee establishes the compensation philosophy, and with comparability data provided by an independent compensation consultant, annually evaluates the performance of the ceo and all other officers, and determines in advance the reasonableness of compensation paid to and benefits provided to such individuals. As part of the annual performance evaluation, the compensation committee solicits the views of the chairs of the other board committees. The determinations made and the basis of such determinations are contemporaneously documented in written minutes, final determinations are reported to the full board of trustees.”

“The organization makes any document open to the public inspection available upon request.”

“Transfer of net assets to strada education network, inc. -345,000,000. Transfer of net assets from northwest education loan association 10,000,000.”