Lessons Learned

This Court Authorized Notice describes your rights and provides information about a proposed Amended Settlement in Arthur, et al. v. Sallie Mae, Inc., U.S. District Court for the Western District of Washington, 10-cv-00198.

An Amended Settlement has been reached in this class action lawsuit against Sallie Mae, Inc. (“Sallie Mae”) for contact by Sallie Mae or another affiliate or subsidiary of SLM Corporation to Class Members on their cell phones (by calls or text messages) using an automated telephone dialing system and/or an artificial or prerecorded voice (“automated calls”).

WHO IS A CLASS MEMBER? You may be a Class Member if, on or after October 27, 2005 through September 14, 2010, you received an automated call from Sallie Mae or another affiliate or subsidiary of SLM Corporation, including the following: Academic Management Services Corp.; Academic Management Services, Inc.; AFS US, Inc.; AFS-HOV LLC; AMS Education Loan Trust; Arrow Financial International, LLC; Arrow Financial Services, LLC; Arrow Global, LLC; Asset Performance Group, Inc.; Asset Performance Group, LLC; General Revenue Corporation; GRP/AG Holdings, LLC; GRP Financial Services Corp.; Nellie Mae Corporation; Nellie Mae Holding, LLC; Noel-Levitz, Inc.; Pioneer Credit Recovery, Inc.; Pioneer Mortgage Inc.; Sallie Mae Bank; Sallie Mae – Canada Financial Corporation; Sallie Mae Education Trust; Sallie Mae Home Loans, Inc.; Sallie Mae, Inc.; SLM DE Corporation; SLM Financial Corporation; Student Assistance Corporation; SLM Corporation; SLM Education Credit Finance Corporation; SLM Education Loan Corp.; SLM Mortgage Corporation; Southwest Student Services Corporation; Student Loan Finance Association, Inc.; Student Loan Funding Resources LLC; TrueCareers, Inc.; Upromise, Inc.; Upromise Investments, Inc.; and USA Group Loan Services, LLC.

SUMMARY OF AMENDED SETTLEMENT TERMS AND YOUR RIGHTS

Sallie Mae has agreed to stop making automated calls to the cell phones of Class Members who file a valid revocation request and has also agreed to pay $24.15 million into a settlement fund (“Fund”). Class Members are eligible for either a cash award estimated between $20 and $40, or a reduction of their existing debt. Class Members who were 180 days or more delinquent on a loan are eligible for a cash award if they have since repaid that loan in full; otherwise they are eligible only for a reduction award. Class Members whose loans have been charged off are not entitled to a cash award or reduction award, but may still file a Revocation Request.

You may submit Claim Forms and/or Revocation Requests online at http://www.ArthurTCPASettlement.com or by mail postmarked no later than August 31, 2012 to the Arthur TCPA Claims Administrator, c/o GCG, P.O. Box 9621, Dublin, OH 43017-4921.
Your Claim Number is: 8343263
Your Control Number is: 0205436414
If you do not wish to participate in the Settlement, you must exclude yourself from the lawsuit by mailing a written request to the Arthur TCPA Claims Administrator postmarked by July 3, 2012 at the address above.
Object to the Amended Settlement and/or Class Counsel’s Fee Request (“Fee Request”), if you do not exclude yourself. Written objections must be filed with the Court and mailed to Class and Defense Counsel postmarked by July 3, 2012.
If you do nothing, you will not stop the automated calls nor receive any monetary award, and you will also lose the right to sue.
The Final Approval Hearing (“Hearing”) will be on September 14, 2012 at 1:30 p.m. at the U.S.D.C. for the Western District of Washington, 700 Stewart Street, Seattle, WA 98101. The Court will consider the Amended Settlement and Class Counsel’s Fee Request for $4,830,000 out of the Fund. If you object, you may ask to appear at the Hearing. Documents in support of the Fee Request will be posted on the Settlement Website by May 17, 2012. Please do not contact the Court.
The U.S. District Court for the Western District of Washington has ordered this email notice be sent.