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9 Table 1 A Pell Grant Completion Report Began at a Four Year Institution Graduated From Any Four Year Institution Number of Federal Pell Grant Recipients who Completed by this Award Year, Cumulative* Cohort Year Denominator** Total ,613 49, , , , , ,123,919 N/A 71, , , , ,240,279 N/A N/A 85, , , ,085,377 N/A N/A N/A 80,158 80,158 Federal Pell Grant Completion Rate Percentage, Cumulative Cohort Year Denominator** Total , % 17.85% 30.03% 38.82% 38.82% ,123,919 N/A 6.39% 19.24% 32.61% 32.61% ,240,279 N/A N/A 6.93% 21.71% 21.71% ,085,377 N/A N/A N/A 7.39% 7.39% * Award year is the period of time from July 1 of one year through June 30 of the following year ** Denominator represents number of students who first enrolled as an undergraduate student in a 4 year institution in the cohort year

10 Table 1 B Pell Grant Completion Report Began at a Four Year Institution Graduated From Any Institution Number of Federal Pell Grant Recipients who Completed by this Award Year, Cumulative* Cohort Year Denominator** Total ,613 3,119 26,574 61, , , , , ,123,919 N/A 3,849 34,215 87, , , , ,240,279 N/A N/A 5,411 42, , , , ,085,377 N/A N/A N/A 4,625 40, , ,268 Federal Pell Grant Completion Rate Percentage, Cumulative Cohort Year Denominator** Total , % 2.69% 6.27% 20.19% 33.91% 44.41% 44.41% ,123,919 N/A 0.34% 3.04% 7.79% 21.84% 37.00% 37.00% ,240,279 N/A N/A 0.44% 3.45% 8.44% 24.67% 24.67% ,085,377 N/A N/A N/A 0.43% 3.70% 9.42% 9.42% * Award year is the period of time from July 1 of one year through June 30 of the following year ** Denominator represents number of students who first enrolled as an undergraduate student in a 4 year institution in the cohort year

11 Table 2 Pell Grant Completion Report Began at a Less Than Four Year Institution Graduated From Any Institution Number of Federal Pell Grant Recipients who Completed by this Award Year, Cumulative* Cohort Year Denominator** Total ,662 21, , , , , , , ,003 N/A 26, , , , , , ,102,661 N/A N/A 33, , , , , ,067,850 N/A N/A N/A 32, , , ,193 Federal Pell Grant Completion Rate Percentage, Cumulative Cohort Year Denominator** Total , % 14.89% 21.66% 26.73% 31.93% 37.73% 37.73% ,003 N/A 2.84% 15.86% 23.10% 28.24% 34.40% 34.40% ,102,661 N/A N/A 3.05% 16.01% 22.97% 29.42% 29.42% ,067,850 N/A N/A N/A 3.08% 14.66% 23.62% 23.62% * Award year is the period of time from July 1 of one year through June 30 of the following year ** Denominator represents number of students who first enrolled as an undergraduate student in a less than 4 year institution in the cohort year

12 Table 3-A Award Year Pell Grant Volume by State State Recipients Disbursements AK 12,298 $40,233,778 AL 157,363 $560,676,193 AR 84,925 $312,509,652 AS 1,514 $5,140,694 AZ 477,135 $1,666,853,069 CA 1,098,008 $3,941,927,385 CO 150,628 $488,884,590 CT 82,767 $265,642,159 DC 44,171 $143,125,416 DE 18,423 $61,649,406 FL 632,279 $2,157,019,496 FM 3,017 $11,746,986 GA 309,006 $996,890,157 GU 4,062 $14,434,752 HI 23,703 $83,735,910 IA 125,811 $422,577,901 ID 52,254 $193,772,633 IL 361,962 $1,218,072,520 IN 257,629 $866,658,028 KS 79,781 $272,579,065 KY 125,435 $441,085,120 LA 111,728 $410,526,679 MA 141,351 $494,369,061 MD 128,095 $413,538,523 ME 30,661 $107,561,950 MH 1,277 $4,744,813 MI 308,074 $1,017,422,093 MN 172,011 $550,095,109 MO 180,521 $607,984,480 MP 1,067 $4,365,338 MS 96,536 $370,702,601 MT 22,216 $81,427,170 NC 259,241 $925,140,841 ND 13,435 $47,841,933 NE 45,677 $148,751,039 NH 28,631 $85,543,281 NJ 180,385 $648,979,839 NM 64,603 $222,425,140 NV 41,645 $133,575,666 NY 523,613 $1,974,667,215 OH 301,589 $1,005,859,283 OK 99,517 $343,466,254 OR 124,364 $424,052,110 PA 287,120 $981,064,153 PR 227,517 $911,177,685 PW 765 $2,682,914 RI 30,620 $104,992,046 SC 123,637 $436,431,617 SD 29,784 $95,711,163 TN 168,542 $598,932,977 TX 651,712 $2,275,245,881 UT 119,754 $421,383,007 VA 208,313 $705,917,758 VI 1,350 $5,322,626 VT 12,661 $43,880,863 WA 141,042 $490,289,476 WI 129,145 $431,975,493 WV 71,148 $234,916,891 WY 12,859 $44,044,567 TOTAL 9,194,377* $31,972,224,445 *includes duplicates

13 Table 3-B Award Year Pell Grant Volume by Control Control Recipients Disbursements Private-Nonprofit 1,189,083 $4,468,129,827 Proprietary 1,928,290 $6,517,918,399 Public 6,077,004 $20,986,176,218 TOTAL 9,194,377* $31,972,224,445 *includes duplicates

14 Table 3-C Award Year Pell Grant Volume by School OPE ID School State Control Recipients Disbursements ALASKA BIBLE COLLEGE AK Private-Nonprofit 15 $ 59, ALASKA CAREER COLLEGE AK Proprietary 464 $ 1,534, ALASKA CHRISTIAN COLLEGE AK Private-Nonprofit 52 $ 198, ALASKA PACIFIC UNIVERSITY AK Private-Nonprofit 131 $ 438, AVTEC - ALASKA'S INSTITUTE OF TECHNOLOGY AK Public 83 $ 337, CHARTER COLLEGE AK Proprietary 3,735 $ 12,135, ILISAGVIK COLLEGE AK Public 42 $ 131, UNIVERSITY OF ALASKA ANCHORAGE AK Public 4,930 $ 16,079, UNIVERSITY OF ALASKA FAIRBANKS AK Public 2,256 $ 7,354, UNIVERSITY OF ALASKA SOUTHEAST AK Public 590 $ 1,965, ALABAMA AGRICULTURAL & MECHANICAL UNIVERSITY AL Public 3,175 $ 13,765, ALABAMA SOUTHERN COMMUNITY COLLEGE AL Public 1,002 $ 3,541, ALABAMA STATE COLLEGE OF BARBER STYLING AL Proprietary 17 $ 63, ALABAMA STATE UNIVERSITY AL Public 4,512 $ 18,654, AMRIDGE UNIVERSITY AL Private-Nonprofit 360 $ 1,057, ATHENS STATE UNIVERSITY AL Public 1,642 $ 5,600, AUBURN UNIVERSITY AL Public 3,615 $ 14,058, AUBURN UNIVERSITY MONTGOMERY AL Public 1,927 $ 6,985, BEVILL STATE COMMUNITY COLLEGE AL Public 2,874 $ 9,440, BIRMINGHAM SOUTHERN COLLEGE AL Private-Nonprofit 263 $ 1,016, BISHOP STATE COMMUNITY COLLEGE - MAIN CAMPUS AL Public 3,380 $ 11,419, BLUE CLIFF CAREER COLLEGE AL Proprietary 128 $ 454, CALHOUN COMMUNITY COLLEGE AL Public 5,835 $ 18,357, CARDIAC AND VASCULAR INSTITUTE OF ULTRASOUND AL Proprietary 30 $ 134, CENTRAL ALABAMA COMMUNITY COLLEGE AL Public 1,709 $ 6,087, CHATTAHOOCHEE VALLEY COMMUNITY COLLEGE AL Public 1,470 $ 5,038, COLUMBIA SOUTHERN UNIVERSITY AL Proprietary 5,317 $ 16,796, CONCORDIA COLLEGE ALABAMA AL Private-Nonprofit 606 $ 2,406, ENTERPRISE STATE COMMUNITY COLLEGE AL Public 1,615 $ 5,722, FAULKNER UNIVERSITY AL Private-Nonprofit 2,003 $ 7,419, FORTIS COLLEGE AL Proprietary 2,258 $ 7,242, FORTIS COLLEGE AL Proprietary 604 $ 2,133, GADSDEN STATE COMMUNITY COLLEGE AL Public 4,609 $ 14,951, GEORGE C. WALLACE COMMUNITY COLLEGE AL Public 3,336 $ 11,116, GEORGE C. WALLACE STATE COMMUNITY COLLEGE-MAIN CAMPUS AL Public 3,384 $ 11,737, GEORGE CORLEY WALLACE STATE COMMUNITY COLLEGE-CLANTON EXTENTION AL Public 1,806 $ 6,608, H. COUNCILL TRENHOLM STATE TECHNICAL COLLEGE AL Public 1,199 $ 3,029, HAIR ACADEMY (THE) AL Proprietary 29 $ 107, HERITAGE CHRISTIAN UNIVERSITY AL Private-Nonprofit 33 $ 104, HUNTINGDON COLLEGE AL Private-Nonprofit 536 $ 2,032, HUNTSVILLE BIBLE COLLEGE AL Private-Nonprofit 72 $ 241, J. F. DRAKE STATE COMMUNITY AND TECHNICAL COLLEGE AL Public 1,098 $ 3,502, JACKSONVILLE STATE UNIVERSITY AL Public 3,958 $ 15,355, JAMES H. FAULKNER STATE COMMUNITY COLLEGE AL Public 2,782 $ 9,494, JEFFERSON DAVIS COMMUNITY COLLEGE AL Public 805 $ 2,747, JEFFERSON STATE COMMUNITY COLLEGE AL Public 4,189 $ 12,981, JUDSON COLLEGE AL Private-Nonprofit 177 $ 732, LAWSON STATE COMMUNITY COLLEGE AL Public 3,015 $ 10,301, LURLEEN B. WALLACE COMMUNITY COLLEGE AL Public 1,219 $ 4,280, MARION MILITARY INSTITUTE AL Public 187 $ 787, MILES COLLEGE AL Private-Nonprofit 1,576 $ 6,758, NEW BEGINNING COLLEGE OF COSMETOLOGY AL Proprietary 119 $ 475, NORTHEAST ALABAMA COMMUNITY COLLEGE AL Public 2,464 $ 8,713, NORTHWEST - SHOALS COMMUNITY COLLEGE AL Public 2,548 $ 8,441, OAKWOOD UNIVERSITY AL Private-Nonprofit 1,084 $ 4,463, PAUL MITCHELL THE SCHOOL HUNTSVILLE AL Proprietary 86 $ 310, PRINCE INSTITUTE - SOUTHEAST AL Proprietary 198 $ 702, REID STATE TECHNICAL COLLEGE AL Public 462 $ 1,411, SALON PROFESSIONAL ACADEMY (THE) AL Proprietary 24 $ 100, SAMFORD UNIVERSITY AL Private-Nonprofit 463 $ 1,731, SELMA UNIVERSITY AL Private-Nonprofit 528 $ 1,944, SHELTON STATE COMMUNITY COLLEGE AL Public 3,572 $ 11,131, SNEAD STATE COMMUNITY COLLEGE AL Public 1,698 $ 6,022, SOUTHEASTERN BIBLE COLLEGE AL Private-Nonprofit 128 $ 455, SOUTHEASTERN SCHOOL OF COSMETOLOGY AL Private-Nonprofit 120 $ 462, SOUTHERN UNION STATE COMMUNITY COLLEGE AL Public 2,808 $ 10,460, SPRING HILL COLLEGE AL Private-Nonprofit 412 $ 1,651, STILLMAN COLLEGE AL Private-Nonprofit 757 $ 3,258, TALLADEGA COLLEGE AL Private-Nonprofit 801 $ 3,547, TROY UNIVERSITY AL Public 9,662 $ 33,491, TUSKEGEE UNIVERSITY AL Private-Nonprofit 1,645 $ 7,244, UNITED STATES SPORTS ACADEMY AL Private-Nonprofit 112 $ 314,523 3

15 UNIVERSITY ACADEMY OF HAIR DESIGN AL Proprietary 56 $ 219, UNIVERSITY OF ALABAMA AL Public 6,321 $ 24,491, UNIVERSITY OF ALABAMA AT BIRMINGHAM AL Public 4,422 $ 16,910, UNIVERSITY OF ALABAMA IN HUNTSVILLE AL Public 2,078 $ 7,732, UNIVERSITY OF MOBILE AL Private-Nonprofit 812 $ 2,936, UNIVERSITY OF MONTEVALLO AL Public 1,163 $ 4,652, UNIVERSITY OF NORTH ALABAMA AL Public 2,493 $ 9,774, UNIVERSITY OF SOUTH ALABAMA AL Public 4,730 $ 18,592, UNIVERSITY OF WEST ALABAMA AL Public 1,281 $ 5,013, VIRGINIA COLLEGE AL Proprietary 25,850 $ 89,329, XCELL ACADEMY A PAUL MITCHELL SCHOOL AL Proprietary 114 $ 423, ABC BEAUTY COLLEGE AR Proprietary 62 $ 224, ACADEMY OF SALON AND SPA AR Proprietary 91 $ 319, ARKANSAS BAPTIST COLLEGE AR Private-Nonprofit 1,114 $ 4,157, ARKANSAS BEAUTY COLLEGE AR Proprietary 40 $ 127, ARKANSAS BEAUTY SCHOOL AR Proprietary 61 $ 220, ARKANSAS BEAUTY SCHOOL/CONWAY AR Proprietary 41 $ 123, ARKANSAS COLLEGE OF BARBERING & HAIR DESIGN AR Proprietary 146 $ 579, ARKANSAS NORTHEASTERN COLLEGE AR Public 1,026 $ 3,179, ARKANSAS STATE UNIVERSITY AR Public 7,114 $ 27,528, ARKANSAS STATE UNIVERSITY - BEEBE AR Public 1,682 $ 6,315, ARKANSAS TECH UNIVERSITY AR Public 5,405 $ 20,535, ARTHUR'S BEAUTY COLLEGE AR Proprietary 56 $ 206, ARTHUR'S BEAUTY COLLEGE AR Proprietary 168 $ 584, BAPTIST HEALTH SCHOOLS LITTLE ROCK AR Private-Nonprofit 542 $ 1,829, BLACK RIVER TECHNICAL COLLEGE AR Public 1,858 $ 6,920, CAREER ACADEMY OF HAIR DESIGN AR Proprietary 258 $ 984, CENTRAL BAPTIST COLLEGE AR Private-Nonprofit 427 $ 1,655, COLLEGE OF THE OUACHITAS AR Public 681 $ 2,348, COSSATOT COMMUNITY COLLEGE OF THE UNIVERSITY OF ARKANSAS AR Public 783 $ 2,841, CROSSETT SCHOOL OF COSMETOLOGY AR Proprietary 32 $ 104, CROWLEY'S RIDGE COLLEGE AR Private-Nonprofit 92 $ 366, CROWLEY'S RIDGE TECHNICAL INSTITUTE AR Public 305 $ 1,077, DESIGNER BARBER & STYLIST SCHOOL AR Proprietary 13 $ 35, EAST ARKANSAS COMMUNITY COLLEGE AR Public 777 $ 2,875, EASTERN COLLEGE OF HEALTH VOCATIONS AR Proprietary 717 $ 2,113, ECCLESIA COLLEGE AR Private-Nonprofit 102 $ 341, HARDING UNIVERSITY AR Private-Nonprofit 1,212 $ 4,715, HENDERSON STATE UNIVERSITY AR Public 1,924 $ 7,665, HENDRIX COLLEGE AR Private-Nonprofit 252 $ 1,043, HOT SPRINGS BEAUTY COLLEGE AR Proprietary 67 $ 246, IMAGINE - PAUL MITCHELL PARTNER SCHOOL AR Proprietary 427 $ 1,449, JOHN BROWN UNIVERSITY AR Private-Nonprofit 718 $ 2,575, JRMC SCHOOL OF NURSING AR Private-Nonprofit 74 $ 262, LEES SCHOOL OF COSMETOLOGY AR Proprietary 23 $ 85, LYNNDALE FUNDAMENTALS OF BEAUTY SCHOOL AR Proprietary 9 $ 33, LYON COLLEGE AR Private-Nonprofit 275 $ 1,176, MARGARET'S HAIR ACADEMY AR Proprietary 58 $ 191, MARSHA KAY BEAUTY COLLEGE AR Proprietary 23 $ 77, MID-SOUTH COMMUNITY COLLEGE AR Public 1,518 $ 4,505, NATIONAL PARK COMMUNITY COLLEGE AR Public 2,274 $ 8,115, NEW TYLER BARBER COLLEGE AR Proprietary 81 $ 325, NORTH ARKANSAS COLLEGE AR Public 1,743 $ 6,199, NORTHWEST ARKANSAS COMMUNITY COLLEGE AR Public 4,233 $ 13,661, NORTHWEST TECHNICAL INSTITUTE AR Public 216 $ 616, OUACHITA BAPTIST UNIVERSITY AR Private-Nonprofit 422 $ 1,660, OZARKA COLLEGE AR Public 1,446 $ 5,146, PAUL MITCHELL THE SCHOOL ARKANSAS AR Proprietary 95 $ 329, PHILANDER SMITH COLLEGE AR Private-Nonprofit 515 $ 2,238, PHILLIPS COMMUNITY COLLEGE OF THE UNIVERSITY OF ARKANSAS AR Public 986 $ 3,494, PROFESSIONAL COSMETOLOGY EDUCATION CENTER AR Proprietary 45 $ 158, PULASKI TECHNICAL COLLEGE AR Public 9,382 $ 33,563, RICH MOUNTAIN COMMUNITY COLLEGE AR Public 508 $ 1,707, SALON PROFESSIONAL ACADEMY (THE) AR Proprietary 51 $ 184, SEARCY BEAUTY COLLEGE AR Proprietary 71 $ 248, SHORTER COLLEGE AR Private-Nonprofit 209 $ 747, SOUTH ARKANSAS COMMUNITY COLLEGE AR Public 1,150 $ 4,009, SOUTHEAST ARKANSAS COLLEGE AR Public 1,331 $ 4,764, SOUTHERN ARKANSAS UNIVERSITY AR Public 1,601 $ 6,504, SOUTHERN ARKANSAS UNIVERSITY TECH AR Public 739 $ 2,563, UNIVERSITY OF ARKANSAS AR Public 5,309 $ 20,544, UNIVERSITY OF ARKANSAS AT FORT SMITH AR Public 4,225 $ 15,818, UNIVERSITY OF ARKANSAS AT LITTLE ROCK AR Public 4,765 $ 17,136, UNIVERSITY OF ARKANSAS AT MONTICELLO AR Public 2,478 $ 9,439, UNIVERSITY OF ARKANSAS AT PINE BLUFF AR Public 2,044 $ 8,740, UNIVERSITY OF ARKANSAS COMMUNITY COLLEGE AT BATESVILLE AR Public 1,085 $ 3,816, UNIVERSITY OF ARKANSAS COMMUNITY COLLEGE AT HOPE AR Public 1,194 $ 4,089, UNIVERSITY OF ARKANSAS COMMUNITY COLLEGE AT MORRILTON AR Public 1,431 $ 4,827, UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES AR Public 330 $ 1,262, UNIVERSITY OF CENTRAL ARKANSAS AR Public 4,121 $ 16,227,307 4

16 UNIVERSITY OF THE OZARKS AR Private-Nonprofit 236 $ 992, VELVATEX COLLEGE OF BEAUTY CULTURE AR Proprietary 15 $ 66, WASHINGTON BARBER COLLEGE AR Proprietary 110 $ 424, WILLIAMS BAPTIST COLLEGE AR Private-Nonprofit 311 $ 1,257, AMERICAN SAMOA COMMUNITY COLLEGE AS Public 1,514 $ 5,140, ALL BEAUTY COLLEGE AZ Proprietary 76 $ 294, AMERICAN INDIAN COLLEGE OF THE ASSEMBLIES OF GOD AZ Private-Nonprofit 61 $ 259, AMERICAN INSTITUTE OF INTERIOR DESIGN AZ Proprietary 8 $ 36, AMERICAN INSTITUTE OF TECHNOLOGY AZ Proprietary 763 $ 2,071, ANTHEM COLLEGE AZ Proprietary 4,280 $ 14,448, ARIZONA ACADEMY OF BEAUTY AZ Proprietary 57 $ 185, ARIZONA ACADEMY OF BEAUTY - NORTH AZ Proprietary 66 $ 198, ARIZONA AUTOMOTIVE INSTITUTE AZ Proprietary 811 $ 2,326, ARIZONA CHRISTIAN UNIVERSITY AZ Private-Nonprofit 239 $ 967, ARIZONA COLLEGE AZ Proprietary 1,019 $ 3,236, ARIZONA CULINARY INSTITUTE AZ Proprietary 96 $ 335, ARIZONA STATE UNIVERSITY AZ Public 24,572 $ 95,218, ARIZONA WESTERN COLLEGE AZ Public 5,693 $ 18,083, ART INSTITUTE OF PHOENIX (THE) AZ Proprietary 28,975 $ 97,549, AVALON SCHOOL OF COSMETOLOGY AZ Proprietary 771 $ 2,606, AVEDA INSTITUTE TUCSON AZ Proprietary 76 $ 273, BRILLARE HAIRDRESSING ACADEMY AZ Proprietary 170 $ 544, BROOKLINE COLLEGE AZ Proprietary 2,654 $ 8,335, BRYMAN SCHOOL OF ARIZONA (THE) AZ Proprietary 3,339 $ 10,835, CARRINGTON COLLEGE AZ Proprietary 3,508 $ 11,775, CARSTEN INSTITUTE OF COSMETOLOGY AZ Proprietary 137 $ 439, CCIC BEAUTY COLLEGE AZ Proprietary 16 $ 45, CENTRAL ARIZONA COLLEGE AZ Public 4,361 $ 13,813, CHANDLER - GILBERT COMMUNITY COLLEGE AZ Public 4,142 $ 12,415, CHARLES OF ITALY BEAUTY COLLEGE AZ Proprietary 100 $ 364, CLASSIC COOKING ACADEMY AZ Private-Nonprofit 9 $ 26, COCHISE COLLEGE AZ Public 1,686 $ 5,344, COCONINO COUNTY COMMUNITY COLLEGE-FLAGSTAFF LONE TREE CAMPUS & DIST.OF AZ Public 1,395 $ 4,349, COLLEGEAMERICA - FLAGSTAFF AZ Proprietary 1,067 $ 4,051, CONSERVATORY OF RECORDING ARTS & SCIENCES AZ Proprietary 570 $ 1,802, CORTIVA INSTITUTE - SCOTTSDALE AZ Proprietary 66 $ 181, CORTIVA INSTITUTE - TUCSON AZ Proprietary 213 $ 573, DINE COLLEGE AZ Public 1,598 $ 5,983, EAST VALLEY INSTITUTE OF TECHNOLOGY AZ Public 169 $ 529, EASTERN ARIZONA COLLEGE AZ Public 1,375 $ 4,850, ESTRELLA MOUNTAIN COMMUNITY COLLEGE AZ Public 4,963 $ 14,935, EVEREST COLLEGE PHOENIX AZ Proprietary 3,369 $ 9,292, FRANK LLOYD WRIGHT SCHOOL OF ARCHITECTURE AZ Private-Nonprofit 1 $ 5, GATEWAY COMMUNITY COLLEGE AZ Public 3,479 $ 9,406, GLENDALE COMMUNITY COLLEGE AZ Public 10,411 $ 32,558, GRAND CANYON UNIVERSITY AZ Proprietary 25,823 $ 91,654, HDS TRUCK DRIVING INSTITUTE AZ Proprietary 91 $ 297, INTERNATIONAL ACADEMY OF HAIR DESIGN AZ Proprietary 276 $ 930, INTERNATIONAL BAPTIST COLLEGE & SEMINARY AZ Private-Nonprofit 32 $ 130, KAPLAN COLLEGE AZ Proprietary 300 $ 1,121, LAMSON COLLEGE AZ Proprietary 11 $ 32, LE CORDON BLEU COLLEGE OF CULINARY ARTS AZ Proprietary 3,246 $ 10,243, MESA COMMUNITY COLLEGE AZ Public 11,756 $ 35,166, MOHAVE COMMUNITY COLLEGE AZ Public 3,102 $ 9,525, NATIONAL PARALEGAL COLLEGE AZ Proprietary 753 $ 2,713, NORTHCENTRAL UNIVERSITY AZ Proprietary 153 $ 425, NORTHERN ARIZONA UNIVERSITY AZ Public 9,147 $ 34,820, NORTHLAND PIONEER COLLEGE AZ Public 1,094 $ 2,972, PARADISE VALLEY COMMUNITY COLLEGE AZ Public 2,998 $ 8,739, PAUL MITCHELL THE SCHOOL PHOENIX AZ Proprietary 140 $ 548, PENROSE ACADEMY AZ Proprietary 121 $ 426, PHOENIX COLLEGE AZ Public 7,965 $ 23,469, PIMA COUNTY COMMUNITY COLLEGE AZ Public 12,742 $ 40,377, PIMA MEDICAL INSTITUTE AZ Proprietary 8,319 $ 29,841, PRESCOTT COLLEGE AZ Private-Nonprofit 369 $ 1,208, PURE AESTHETICS AZ Proprietary 38 $ 89, REFRIGERATION SCHOOL (THE) AZ Proprietary 675 $ 2,335, RIO SALADO COMMUNITY COLLEGE AZ Public 9,161 $ 23,365, ROBERTO-VENN SCHOOL OF LUTHIERY AZ Proprietary 28 $ 84, SAFFORD COLLEGE OF BEAUTY CULTURE AZ Proprietary 58 $ 260, SCOTTSDALE COMMUNITY COLLEGE AZ Public 2,999 $ 9,122, SESSIONS COLLEGE FOR PROFESSIONAL DESIGN AZ Proprietary 9 $ 27, SOUTH MOUNTAIN COMMUNITY COLLEGE AZ Public 3,165 $ 9,977, SOUTHWEST INSTITUTE OF HEALING ARTS AZ Proprietary 564 $ 2,159, SOUTHWEST UNIVERSITY OF VISUAL ARTS AZ Proprietary 292 $ 1,149, STUDIO ACADEMY OF BEAUTY (THE) AZ Proprietary 258 $ 816, TOHONO O'ODHAM COMMUNITY COLLEGE AZ Public 126 $ 476, TUCSON COLLEGE AZ Proprietary 389 $ 1,443, TUCSON COLLEGE OF BEAUTY AZ Proprietary 80 $ 274, TURNING POINT BEAUTY COLLEGE AZ Proprietary 63 $ 270,200 5

17 UNIVERSAL BARBER COLLEGE AZ Proprietary 64 $ 197, UNIVERSAL TECHNICAL INSTITUTE AZ Proprietary 7,804 $ 29,157, UNIVERSAL TECHNICAL INSTITUTE AZ Proprietary 6,880 $ 26,382, UNIVERSITY OF ADVANCING COMPUTER TECHNOLOGY AZ Proprietary 509 $ 1,842, UNIVERSITY OF ARIZONA (THE) AZ Public 10,953 $ 44,853, UNIVERSITY OF PHOENIX AZ Proprietary 223,968 $ 813,891, WESTERN INTERNATIONAL UNIVERSITY AZ Proprietary 954 $ 3,051, YAVAPAI COLLEGE AZ Public 3,299 $ 10,421, A - TECHNICAL COLLEGE CA Proprietary 42 $ 102, ACADEMY FOR SALON PROFESSIONALS CA Proprietary 82 $ 292, ACADEMY FOR SALON PROFESSIONALS (THE) CA Proprietary 126 $ 451, ACADEMY OF ART UNIVERSITY CA Proprietary 6,187 $ 18,139, ACADEMY OF BARBERING ARTS (THE) CA Proprietary 140 $ 384, ACADEMY OF COUTURE ART CA Proprietary 11 $ 43, ACADEMY OF ESTHETICS AND COSMETOLOGY CA Proprietary 37 $ 138, ACADEMY OF RADIO & TV BROADCASTING CA Proprietary 94 $ 338, ACUPUNCTURE AND INTEGRATIVE MEDICINE COLLEGE, BERKELEY CA Private-Nonprofit 1 $ 5, ADRIANS BEAUTY COLLEGE OF TURLOCK CA Proprietary 153 $ 629, ADVANCE BEAUTY COLLEGE CA Proprietary 337 $ 1,088, ADVANCE BEAUTY TECHS ACADEMY CA Proprietary 70 $ 283, ADVANCED CAREER INSTITUTE CA Proprietary 79 $ 237, ADVANCED COLLEGE CA Proprietary 209 $ 800, ADVANCED COMPUTING INSTITUTE CA Proprietary 37 $ 102, ADVANCED TRAINING ASSOCIATES CA Proprietary 84 $ 327, ALAMEDA BEAUTY COLLEGE CA Proprietary 202 $ 677, ALHAMBRA BEAUTY COLLEGE CA Proprietary 165 $ 608, ALLAN HANCOCK COLLEGE CA Public 3,178 $ 10,356, ALLIANT INTERNATIONAL UNIVERSITY CA Private-Nonprofit 85 $ 264, ALLIED AMERICAN UNIVERSITY CA Proprietary 912 $ 2,655, AMERICAN BEAUTY COLLEGE CA Proprietary 129 $ 463, AMERICAN CAREER COLLEGE CA Proprietary 3,903 $ 13,515, AMERICAN CAREER COLLEGE CA Proprietary 1,601 $ 5,808, AMERICAN CAREER COLLEGE AT ST. FRANCIS CA Proprietary 45 $ 136, AMERICAN COLLEGE OF HEALTHCARE CA Proprietary 476 $ 1,748, AMERICAN INSTITUTE OF MASSAGE THERAPY CA Proprietary 14 $ 42, AMERICAN JEWISH UNIVERSITY CA Private-Nonprofit 49 $ 192, AMERICAN MEDICAL SCIENCES CENTER CA Proprietary 126 $ 474, AMERICAN RIVER COLLEGE CA Public 11,155 $ 35,355, AMERICAN UNIVERSITY OF HEALTH SCIENCES CA Proprietary 155 $ 570, ANGELES COLLEGE CA Proprietary 96 $ 340, ANGELES INSTITUTE CA Proprietary 175 $ 669, ANNENBERG SCHOOL OF NURSING CA Private-Nonprofit 8 $ 38, ANTELOPE VALLEY COLLEGE CA Public 9,110 $ 28,556, ARGOSY UNIVERSITY CA Proprietary 27,085 $ 91,903, ART CENTER COLLEGE OF DESIGN CA Private-Nonprofit 752 $ 3,081, ASHDOWN COLLEGE OF HEALTH SCIENCES CA Proprietary 41 $ 163, ASHER COLLEGE CA Proprietary 493 $ 1,481, ASHFORD UNIVERSITY CA Proprietary 69,297 $ 247,134, ASIAN - AMERICAN INTERNATIONAL BEAUTY COLLEGE CA Proprietary 49 $ 174, ASSOCIATED TECHNICAL COLLEGE CA Proprietary 553 $ 2,137, ASSOCIATED TECHNICAL COLLEGE CA Proprietary 210 $ 773, ATI COLLEGE CA Proprietary 161 $ 606, AVANCE' BEAUTY COLLEGE CA Proprietary 83 $ 286, AZUSA PACIFIC UNIVERSITY CA Private-Nonprofit 2,758 $ 10,240, BAKERSFIELD COLLEGE CA Public 8,344 $ 25,296, BALDWIN PARK ADULT SCHOOL CA Public 383 $ 1,213, BARSTOW COMMUNITY COLLEGE CA Public 2,429 $ 7,113, BEAUMONT ADULT SCHOOL CA Public 93 $ 369, BELLUS ACADEMY CA Proprietary 233 $ 937, BELLUS ACADEMY CA Proprietary 204 $ 785, BELLUS ACADEMY CA Proprietary 440 $ 1,566, BERGIN UNIVERSITY OF CANINE STUDIES CA Private-Nonprofit 4 $ 18, BERKELEY CITY COLLEGE CA Public 1,568 $ 5,134, BETHESDA UNIVERSITY OF CALIFORNIA CA Private-Nonprofit 113 $ 449, BEYOND 21ST CENTURY BEAUTY ACADEMY CA Proprietary 75 $ 251, BIOHEALTH COLLEGE CA Proprietary 198 $ 741, BIOLA UNIVERSITY CA Private-Nonprofit 1,431 $ 5,609, BLAKE AUSTIN COLLEGE CA Proprietary 324 $ 1,165, BORNER'S BARBER COLLEGE CA Proprietary 23 $ 81, BRANDMAN UNIVERSITY CA Private-Nonprofit 2,382 $ 7,686, BRIDGES BEAUTY COLLEGE CA Proprietary 139 $ 501, BRISTOL UNIVERSITY CA Proprietary 31 $ 118, BROOKS INSTITUTE CA Proprietary 313 $ 1,127, BROWNSON TECHNICAL SCHOOL CA Proprietary 156 $ 590, BRYAN COLLEGE CA Proprietary 468 $ 1,815, BRYAN UNIVERSITY CA Proprietary 1,154 $ 4,380, BUTTE COLLEGE CA Public 7,361 $ 23,996, CABRILLO COLLEGE CA Public 3,961 $ 12,646, CALIFORNIA ACADEMY (THE) CA Proprietary 366 $ 1,303, CALIFORNIA BAPTIST UNIVERSITY CA Private-Nonprofit 2,931 $ 11,023,995 6

18 CALIFORNIA BEAUTY COLLEGE CA Proprietary 99 $ 379, CALIFORNIA CAREER COLLEGE CA Proprietary 65 $ 232, CALIFORNIA CAREER INSTITUTE CA Proprietary 60 $ 187, CALIFORNIA CHRISTIAN COLLEGE CA Private-Nonprofit 21 $ 93, CALIFORNIA COLLEGE OF THE ARTS CA Private-Nonprofit 510 $ 2,160, CALIFORNIA COLLEGE OF VOCATIONAL CAREERS CA Proprietary 80 $ 271, CALIFORNIA COLLEGE SAN DIEGO CA Proprietary 1,434 $ 5,020, CALIFORNIA CULINARY ACADEMY CA Proprietary 359 $ 1,192, CALIFORNIA HAIR DESIGN ACADEMY CA Proprietary 218 $ 856, CALIFORNIA HEALING ARTS COLLEGE CA Proprietary 69 $ 236, CALIFORNIA INSTITUTE OF INTEGRAL STUDIES CA Private-Nonprofit 70 $ 233, CALIFORNIA INSTITUTE OF TECHNOLOGY CA Private-Nonprofit 105 $ 446, CALIFORNIA INSTITUTE OF THE ARTS CA Private-Nonprofit 321 $ 1,408, CALIFORNIA LUTHERAN UNIVERSITY CA Private-Nonprofit 868 $ 3,245, CALIFORNIA MARITIME ACADEMY CA Public 379 $ 1,762, CALIFORNIA MIRAMAR UNIVERSITY CA Proprietary 3 $ 7, CALIFORNIA NURSES EDUCATIONAL INSTITUTE CA Proprietary 145 $ 499, CALIFORNIA POLYTECHNIC STATE UNIVERSITY CA Public 3,768 $ 15,209, CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA CA Public 9,599 $ 40,519, CALIFORNIA STATE UNIVERSITY - SACRAMENTO CA Public 13,838 $ 56,698, CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS CA Public 2,076 $ 8,504, CALIFORNIA STATE UNIVERSITY, BAKERSFIELD CA Public 4,975 $ 20,567, CALIFORNIA STATE UNIVERSITY, CHICO CA Public 6,567 $ 27,893, CALIFORNIA STATE UNIVERSITY, DOMINGUEZ HILLS CA Public 7,282 $ 30,187, CALIFORNIA STATE UNIVERSITY, EAST BAY CA Public 6,048 $ 24,260, CALIFORNIA STATE UNIVERSITY, FRESNO CA Public 11,454 $ 50,183, CALIFORNIA STATE UNIVERSITY, FULLERTON CA Public 14,133 $ 58,667, CALIFORNIA STATE UNIVERSITY, LONG BEACH CA Public 15,546 $ 65,976, CALIFORNIA STATE UNIVERSITY, LOS ANGELES CA Public 12,745 $ 53,412, CALIFORNIA STATE UNIVERSITY, MONTEREY BAY CA Public 2,765 $ 11,765, CALIFORNIA STATE UNIVERSITY, NORTHRIDGE CA Public 16,169 $ 69,671, CALIFORNIA STATE UNIVERSITY, SAN BERNARDINO CA Public 10,035 $ 42,898, CALIFORNIA STATE UNIVERSITY, SAN MARCOS CA Public 4,618 $ 18,171, CALIFORNIA STATE UNIVERSITY, STANISLAUS CA Public 4,818 $ 19,903, CALIFORNIA UNIVERSITY OF MANAGEMENT AND SCIENCES CA Private-Nonprofit 5 $ 21, CAMBRIDGE JUNIOR COLLEGE CA Proprietary 261 $ 931, CANADA COLLEGE CA Public 1,330 $ 4,328, CAPSTONE COLLEGE CA Proprietary 47 $ 148, CAREER ACADEMY OF BEAUTY CA Proprietary 157 $ 486, CAREER CARE INSTITUTE CA Proprietary 817 $ 2,749, CAREER COLLEGE CONSULTANTS CA Proprietary 185 $ 656, CAREER COLLEGE OF CALIFORNIA CA Proprietary 176 $ 638, CAREER COLLEGES OF AMERICA CA Proprietary 1,299 $ 4,714, CAREER DEVELOPMENT INSTITUTE CA Proprietary 57 $ 170, CAREER NETWORKS INSTITUTE CA Proprietary 488 $ 1,703, CARRINGTON COLLEGE CALIFORNIA CA Proprietary 4,931 $ 17,020, CASA LOMA COLLEGE CA Private-Nonprofit 620 $ 2,194, CENTER FOR EMPLOYMENT TRAINING CA Private-Nonprofit 3,154 $ 11,371, CENTRAL CALIFORNIA SCHOOL OF CONTINUING EDUCATION CA Proprietary 182 $ 741, CENTRAL COAST COLLEGE CA Proprietary 252 $ 713, CENTRAL NURSING COLLEGE CA Proprietary 75 $ 311, CERRITOS COMMUNITY COLLEGE CA Public 11,540 $ 34,636, CERRO COSO COMMUNITY COLLEGE CA Public 1,073 $ 3,141, CHABOT COLLEGE CA Public 4,101 $ 12,655, CHAFFEY COMMUNITY COLLEGE CA Public 8,178 $ 24,161, CHAMPION INSTITUTE OF COSMETOLOGY CA Proprietary 38 $ 108, CHAPMAN UNIVERSITY CA Private-Nonprofit 1,225 $ 4,903, CHARLES A. JONES SKILLS AND BUSINESS EDUCATION CENTER CA Public 456 $ 1,739, CHARLES DREW UNIVERSITY OF MEDICINE AND SCIENCE CA Private-Nonprofit 60 $ 226, CHARTER COLLEGE CA Proprietary 1,767 $ 5,540, CINTA AVEDA INSTITUTE CA Proprietary 214 $ 725, CITRUS COMMUNITY COLLEGE CA Public 4,984 $ 14,858, CITRUS HEIGHTS BEAUTY COLLEGE CA Proprietary 52 $ 209, CITY COLLEGE OF SAN FRANCISCO CA Public 9,816 $ 32,441, CLAREMONT GRADUATE UNIVERSITY CA Private-Nonprofit - $ CLAREMONT MCKENNA COLLEGE CA Private-Nonprofit 148 $ 593, CLOVIS ADULT EDUCATION CA Public 192 $ 554, COACHELLA VALLEY BEAUTY COLLEGE CA Proprietary 124 $ 431, COAST CAREER INSTITUTE CA Proprietary 745 $ 2,314, COASTLINE BEAUTY COLLEGE CA Proprietary 184 $ 631, COASTLINE COMMUNITY COLLEGE CA Public 2,838 $ 8,641, COBA ACADEMY CA Proprietary 33 $ 118, COGSWELL POLYTECHNICAL COLLEGE CA Proprietary 212 $ 824, COLEMAN UNIVERSITY CA Private-Nonprofit 421 $ 1,676, COLLEEN O'HARA'S BEAUTY ACADEMY CA Proprietary 166 $ 559, COLLEGE OF ALAMEDA CA Public 1,682 $ 5,831, COLLEGE OF MARIN CA Public 2,085 $ 6,590, COLLEGE OF SAN MATEO CA Public 1,798 $ 5,976, COLLEGE OF THE CANYONS CA Public 4,524 $ 14,079, COLLEGE OF THE DESERT CA Public 4,855 $ 14,892,505 7

19 COLLEGE OF THE REDWOODS CA Public 2,399 $ 7,763, COLLEGE OF THE SEQUOIAS CA Public 5,925 $ 18,181, COLLEGE OF THE SISKIYOUS CA Public 1,151 $ 4,118, COLTON-REDLANDS-YUCAIPA REGIONAL OCCUPATIONAL PROGRAM CA Public 40 $ 151, COLUMBIA COLLEGE CA Public 937 $ 2,940, COLUMBIA COLLEGE HOLLYWOOD CA Private-Nonprofit 182 $ 674, COMMUNITY BASED EDUCATION AND DEVELOPMENT CA Private-Nonprofit 255 $ 841, COMMUNITY CHRISTIAN COLLEGE CA Private-Nonprofit 109 $ 350, COMMUNITY ENHANCEMENT SERVICES CA Private-Nonprofit 177 $ 628, COMPUTER TUTOR BUSINESS AND TECHNICAL INSTITUTE CA Proprietary 119 $ 362, CONCORDE CAREER COLLEGE CA Proprietary 713 $ 2,512, CONCORDE CAREER COLLEGE CA Proprietary 985 $ 3,480, CONCORDE CAREER COLLEGE CA Proprietary 865 $ 2,983, CONCORDE CAREER COLLEGE CA Proprietary 966 $ 3,393, CONCORDIA UNIVERSITY CA Private-Nonprofit 522 $ 1,994, CONTRA COSTA COLLEGE CA Public 2,414 $ 7,861, COPPER MOUNTAIN COLLEGE CA Public 1,331 $ 4,194, COSMO BEAUTY ACADEMY CA Proprietary 85 $ 254, COSMO FACTORY COSMETOLOGY ACADEMY (THE) CA Proprietary 21 $ 70, COSUMNES RIVER COLLEGE CA Public 4,222 $ 13,585, CRAFTON HILLS COLLEGE CA Public 1,510 $ 4,838, CRIMSON TECHNICAL COLLEGE CA Proprietary 539 $ 1,986, CR'U INSTITUTE OF COSMETOLOGY & BARBERING CA Proprietary 92 $ 295, CUESTA COLLEGE CA Public 1,971 $ 6,567, CUYAMACA COLLEGE CA Public 2,755 $ 8,604, CYPRESS COLLEGE CA Public 4,862 $ 16,296, DAVID'S ACADEMY OF BEAUTY CA Proprietary 358 $ 1,199, DE ANZA COMMUNITY COLLEGE CA Public 4,507 $ 15,117, DELL'ARTE INTERNATIONAL SCHOOL OF PHYSICAL THEATRE CA Private-Nonprofit 4 $ 19, DESIGN INSTITUTE OF SAN DIEGO CA Proprietary 117 $ 444, DESIGN'S SCHOOL OF COSMETOLOGY CA Proprietary 168 $ 615, DIABLO VALLEY COLLEGE CA Public 3,268 $ 11,077, DIAMOND BEAUTY COLLEGE CA Proprietary 32 $ 113, DIVERSIFIED LANGUAGE INSTITUTE CA Proprietary 1,238 $ 5,350, DOMINICAN UNIVERSITY OF CALIFORNIA CA Private-Nonprofit 549 $ 2,044, DONGGUK UNIVERSITY LOS ANGELES CA Private-Nonprofit 20 $ 55, DOWNEY ADULT SCHOOL CA Public 466 $ 1,488, EAST LOS ANGELES COLLEGE CA Public 11,568 $ 38,517, EAST SAN GABRIEL VALLEY ROP AND TECHNICAL CENTER CA Public 1,146 $ 3,364, EL CAMINO COLLEGE CA Public 10,031 $ 31,437, ELEGANCE INTERNATIONAL CA Proprietary 81 $ 180, ELITE COSMETOLOGY SCHOOL CA Proprietary 108 $ 424, EMPIRE COLLEGE CA Proprietary 428 $ 1,530, ENGLISH CENTER (THE) CA Private-Nonprofit 183 $ 660, EPIC BIBLE COLLEGE CA Private-Nonprofit 301 $ 925, ESTES INSTITUTE OF COSMETOLOGY ARTS & SCIENCES CA Proprietary 110 $ 452, EVEREST COLLEGE CA Proprietary 951 $ 3,046, EVEREST COLLEGE CA Proprietary 323 $ 998, EVEREST COLLEGE CA Proprietary 2,412 $ 7,722, EVEREST COLLEGE CA Proprietary 332 $ 972, EVEREST COLLEGE CA Proprietary 692 $ 2,334, EVEREST COLLEGE CA Proprietary 2,011 $ 6,636, EVEREST COLLEGE CA Proprietary 254 $ 847, EVEREST COLLEGE CA Proprietary 1,304 $ 4,130, EVEREST COLLEGE CA Proprietary 265 $ 859, EVEREST COLLEGE CA Proprietary 2,074 $ 6,591, EVEREST COLLEGE CA Proprietary 243 $ 738, EVERGREEN VALLEY COLLEGE CA Public 3,365 $ 12,474, EX'PRESSION COLLEGE FOR DIGITAL ARTS CA Proprietary 396 $ 1,672, FASHION CAREERS OF CALIFORNIA COLLEGE CA Proprietary 24 $ 67, FASHION INSTITUTE OF DESIGN & MERCHANDISING - CA Proprietary 1,902 $ 7,353, FEATHER RIVER COLLEGE CA Public 596 $ 2,195, FEDERICO BEAUTY INSTITUTE CA Proprietary 230 $ 759, FIVE BRANCHES UNIVERSITY CA Proprietary 8 $ 29, FLAIR BEAUTY COLLEGE CA Proprietary 67 $ 222, FOLSOM LAKE COLLEGE CA Public 2,017 $ 6,114, FOOTHILL COLLEGE CA Public 1,589 $ 4,932, FOUR-D COLLEGE CA Proprietary 730 $ 2,615, FRANKLIN CAREER COLLEGE CA Proprietary 155 $ 558, FREDRICK AND CHARLES BEAUTY COLLEGE CA Proprietary 76 $ 298, FREMONT COLLEGE CA Proprietary 423 $ 1,558, FRESNO CITY COLLEGE CA Public 10,516 $ 33,414, FRESNO PACIFIC UNIVERSITY CA Private-Nonprofit 1,817 $ 6,294, FULLERTON COLLEGE CA Public 6,114 $ 21,003, GALAXY MEDICAL COLLEGE CA Proprietary 53 $ 241, GALEN COLLEGE OF CALIFORNIA CA Proprietary 52 $ 160, GAVILAN COLLEGE CA Public 1,887 $ 5,961, GEMOLOGICAL INSTITUTE OF AMERICA CA Private-Nonprofit 31 $ 114, GLENDALE CAREER COLLEGE CA Proprietary 631 $ 2,077, GLENDALE COMMUNITY COLLEGE CA Public 7,771 $ 26,049,247 8

20 GNOMON SCHOOL OF VISUAL EFFECTS CA Proprietary 46 $ 183, GOLDEN GATE UNIVERSITY CA Private-Nonprofit 181 $ 522, GOLDEN STATE COLLEGE OF COURT REPORTING & CAPTIONING CA Proprietary 25 $ 89, GOLDEN WEST COLLEGE CA Public 3,922 $ 13,984, GRACE MISSION UNIVERSITY CA Private-Nonprofit 36 $ 95, GROSSMONT COLLEGE CA Public 4,977 $ 16,055, GURNICK ACADEMY OF MEDICAL ARTS CA Proprietary 613 $ 2,318, HACIENDA LA PUENTE ADULT EDUCATION CA Public 385 $ 1,244, HAIR CALIFORNIA BEAUTY ACADEMY CA Proprietary 1 $ 5, HARTNELL COMMUNITY COLLEGE CA Public 3,184 $ 10,635, HARVEY MUDD COLLEGE CA Private-Nonprofit 104 $ 434, HEALD COLLEGE CA Proprietary 20,424 $ 69,204, HEALING HANDS SCHOOL OF HOLISTIC HEALTH CA Proprietary 74 $ 246, HILLTOP BEAUTY SCHOOL CA Proprietary 158 $ 620, HINTON BARBER COLLEGE CA Proprietary 38 $ 149, HOLLYWOOD BEAUTY COLLEGE CA Proprietary 175 $ 630, HOLY NAMES UNIVERSITY CA Private-Nonprofit 464 $ 1,692, HOMESTEAD SCHOOLS CA Private-Nonprofit 214 $ 705, HOPE INTERNATIONAL UNIVERSITY CA Private-Nonprofit 525 $ 1,915, HORIZON UNIVERSITY CA Private-Nonprofit 38 $ 93, HUMBOLDT STATE UNIVERSITY CA Public 3,994 $ 17,528, HUMPHREYS COLLEGE CA Private-Nonprofit 802 $ 2,782, HYPNOSIS MOTIVATION INSTITUTE CA Private-Nonprofit 60 $ 178, IMPERIAL VALLEY COLLEGE CA Public 4,947 $ 17,888, INFOTECH CAREER COLLEGE CA Proprietary 177 $ 643, INSTITUTE FOR BUSINESS & TECHNOLOGY CA Proprietary 591 $ 2,073, INSTITUTE OF TECHNOLOGY CA Proprietary 2,922 $ 9,788, INTERCOAST COLLEGES CA Proprietary 1,989 $ 7,178, INTERIOR DESIGNERS INSTITUTE CA Proprietary 65 $ 175, INTERNATIONAL CAREER DEVELOPMENT CENTER CA Proprietary 4,374 $ 16,971, INTERNATIONAL COLLEGE OF BEAUTY, ARTS & SCIENCES CA Proprietary 32 $ 144, INTERNATIONAL COLLEGE OF COSMETOLOGY CA Proprietary 108 $ 402, INTERNATIONAL POLYTECHNIC INSTITUTE CA Private-Nonprofit 54 $ 183, INTERNATIONAL PROFESSIONAL SCHOOL OF BODYWORK CA Proprietary 110 $ 297, INTERNATIONAL SCHOOL OF BEAUTY CA Proprietary 254 $ 1,117, INTERNATIONAL SCHOOL OF COSMETOLOGY CA Proprietary 326 $ 1,269, IRVINE VALLEY COLLEGE CA Public 1,822 $ 6,683, JOE BLASCO MAKEUP ARTIST TRAINING CENTER CA Proprietary 28 $ 78, JOHN F. KENNEDY UNIVERSITY CA Private-Nonprofit 139 $ 440, JOHN PAUL THE GREAT CATHOLIC UNIVERSITY CA Private-Nonprofit 47 $ 184, JOHN WESLEY INTERNATIONAL BARBER AND BEAUTY COLLEGE CA Proprietary 135 $ 498, KAPLAN COLLEGE CA Proprietary 1,496 $ 5,304, KAPLAN COLLEGE CA Proprietary 1,086 $ 3,936, KAPLAN COLLEGE CA Proprietary 1,369 $ 4,863, KAPLAN COLLEGE CA Proprietary 1,157 $ 4,160, KAPLAN COLLEGE CA Proprietary 1,297 $ 4,613, KAPLAN COLLEGE CA Proprietary 206 $ 692, KING'S UNIVERSITY (THE) CA Private-Nonprofit 156 $ 449, L.A. BARBER COLLEGE CA Proprietary 37 $ 91, LA COLLEGE INTERNATIONAL CA Proprietary 72 $ 244, LA SIERRA UNIVERSITY CA Private-Nonprofit 1,060 $ 4,256, LADERA CAREER PATHS TRAINING CENTERS CA Proprietary 8 $ 22, LAGUNA COLLEGE OF ART AND DESIGN CA Private-Nonprofit 188 $ 756, LAKE TAHOE COMMUNITY COLLEGE CA Public 697 $ 2,098, LANCASTER BEAUTY SCHOOL CA Proprietary 118 $ 417, LANEY COLLEGE CA Public 3,637 $ 12,711, LAS POSITAS COLLEGE CA Public 1,847 $ 5,439, LASSEN COLLEGE CA Public 499 $ 1,799, LAURUS COLLEGE CA Proprietary 632 $ 1,644, LAWRENCE & COMPANY COLLEGE OF COSMETOLOGY CA Proprietary 36 $ 133, LE CORDON BLEU COLLEGE OF CULINARY ARTS CA Proprietary 3,819 $ 12,979, LEMELANGE ACADEMY OF HAIR CA Proprietary 47 $ 150, LIFE PACIFIC COLLEGE CA Private-Nonprofit 255 $ 985, LINCOLN UNIVERSITY CA Private-Nonprofit 41 $ 161, LOMA LINDA UNIVERSITY CA Private-Nonprofit 440 $ 1,683, LONG BEACH CITY COLLEGE CA Public 12,816 $ 42,592, LOS ANGELES CITY COLLEGE CA Public 8,124 $ 27,971, LOS ANGELES COUNTY COLLEGE OF NURSING AND ALLIED HEALTH CA Public 95 $ 252, LOS ANGELES FILM SCHOOL (THE) CA Proprietary 2,302 $ 9,121, LOS ANGELES HARBOR COLLEGE CA Public 3,967 $ 12,838, LOS ANGELES MISSION COLLEGE CA Public 3,896 $ 12,642, LOS ANGELES MUSIC ACADEMY CA Proprietary 52 $ 173, LOS ANGELES ORT TECHNICAL INSTITUTE CA Private-Nonprofit 884 $ 3,247, LOS ANGELES PIERCE COLLEGE CA Public 8,095 $ 26,197, LOS ANGELES SOUTHWEST COLLEGE CA Public 3,428 $ 10,690, LOS ANGELES TRADE-TECHNICAL COLLEGE CA Public 6,272 $ 20,978, LOS ANGELES VALLEY COLLEGE CA Public 7,022 $ 23,327, LOS MEDANOS COLLEGE CA Public 2,871 $ 9,380, LOYOLA MARYMOUNT UNIVERSITY CA Private-Nonprofit 1,226 $ 5,138, LU ROSS ACADEMY CA Proprietary 248 $ 900,818 9

21 LYLE'S COLLEGE OF BEAUTY CA Proprietary 169 $ 593, LYTLE'S REDWOOD EMPIRE BEAUTY COLLEGE CA Proprietary 108 $ 373, MADERA BEAUTY COLLEGE CA Proprietary 57 $ 234, MAKE-UP DESIGNORY CA Proprietary 165 $ 537, MANCHESTER BEAUTY COLLEGE CA Proprietary 106 $ 370, MARIAN HEALTH CAREERS CENTER CA Proprietary 174 $ 591, MARINELLO SCHOOL OF BEAUTY CA Proprietary 517 $ 1,894, MARINELLO SCHOOL OF BEAUTY CA Proprietary 757 $ 2,741, MARINELLO SCHOOL OF BEAUTY CA Proprietary 776 $ 2,579, MARINELLO SCHOOL OF BEAUTY CA Proprietary 390 $ 1,471, MARINELLO SCHOOL OF BEAUTY CA Proprietary 777 $ 2,668, MARINELLO SCHOOL OF BEAUTY CA Proprietary 738 $ 2,634, MARINELLO SCHOOL OF BEAUTY CA Proprietary 1,827 $ 6,432, MARINELLO SCHOOLS OF BEAUTY CA Proprietary 3,176 $ 11,655, MARYMOUNT CALIFORNIA UNIVERSITY CA Private-Nonprofit 433 $ 1,911, MASTER'S COLLEGE AND SEMINARY CA Private-Nonprofit 462 $ 1,674, MAYFIELD COLLEGE CA Proprietary 402 $ 1,184, MEDICAL ALLIED CAREER CENTER CA Proprietary 54 $ 192, MENDOCINO COLLEGE CA Public 1,709 $ 5,585, MENLO COLLEGE CA Private-Nonprofit 253 $ 1,061, MERCED COLLEGE CA Public 6,014 $ 19,585, MERRITT COLLEGE CA Public 1,887 $ 6,487, MILAN INSTITUTE CA Proprietary 758 $ 2,662, MILAN INSTITUTE CA Proprietary 497 $ 1,717, MILLS COLLEGE CA Private-Nonprofit 482 $ 1,996, MIRACOSTA COLLEGE CA Public 2,055 $ 7,098, MISSION COLLEGE CA Public 2,956 $ 9,328, MODERN BEAUTY ACADEMY - OXNARD CA Proprietary 59 $ 235, MODERN TECHNOLOGY SCHOOL CA Proprietary 156 $ 586, MODESTO JUNIOR COLLEGE CA Public 8,179 $ 26,122, MOJAVE BARBER COLLEGE CA Proprietary 65 $ 192, MOLER BARBER COLLEGE CA Proprietary 94 $ 381, MONTEBELLO BEAUTY COLLEGE CA Proprietary 74 $ 244, MONTEREY PENINSULA COLLEGE CA Public 1,584 $ 5,070, MOORPARK COLLEGE CA Public 2,987 $ 9,710, MORENO VALLEY COLLEGE CA Public 3,230 $ 9,116, MOUNT DIABLO ADULT EDUCATION CA Public 85 $ 282, MOUNT SAINT MARY'S COLLEGE CA Private-Nonprofit 1,493 $ 5,857, MOUNT SAN ANTONIO COLLEGE CA Public 12,756 $ 41,841, MT. SAN JACINTO COLLEGE CA Public 6,274 $ 17,396, MT. SIERRA COLLEGE CA Proprietary 503 $ 1,772, MTI BUSINESS COLLEGE CA Proprietary 182 $ 646, MTI COLLEGE CA Proprietary 960 $ 3,195, MUELLER COLLEGE CA Proprietary 153 $ 313, MUSICIANS INSTITUTE CA Proprietary 612 $ 1,843, MY LE'S BEAUTY COLLEGE CA Proprietary 133 $ 539, NAPA VALLEY COLLEGE CA Public 1,997 $ 6,362, NATIONAL CAREER COLLEGE CA Proprietary 85 $ 325, NATIONAL HISPANIC UNIVERSITY (THE) CA Proprietary 452 $ 1,481, NATIONAL HOLISTIC INSTITUTE CA Proprietary 664 $ 2,456, NATIONAL POLYTECHNIC COLLEGE CA Proprietary 266 $ 1,041, NATIONAL UNIVERSITY - LA JOLLA CA Private-Nonprofit 5,053 $ 16,897, NCP COLLEGE OF NURSING CA Proprietary 118 $ 409, NEW YORK FILM ACADEMY CA Proprietary 155 $ 649, NEWBERRY SCHOOL OF BEAUTY CA Proprietary 159 $ 473, NEWBRIDGE COLLEGE CA Proprietary 574 $ 2,182, NEWBRIDGE COLLEGE - SAN DIEGO EAST CA Proprietary 260 $ 973, NEWSCHOOL OF ARCHITECTURE AND DESIGN CA Proprietary 252 $ 1,117, NORCO COLLEGE CA Public 2,739 $ 8,107, NORTH ADRIAN'S BEAUTY COLLEGE CA Proprietary 310 $ 1,169, NORTHERN CALIFORNIA INSTITUTE OF COSMETOLOGY CA Proprietary 63 $ 228, NORTH-WEST COLLEGE CA Proprietary 793 $ 2,921, NORTH-WEST COLLEGE CA Proprietary 761 $ 2,786, NORTH-WEST COLLEGE CA Proprietary 245 $ 892, NOTRE DAME DE NAMUR UNIVERSITY CA Private-Nonprofit 631 $ 2,200, NTMA TRAINING CENTERS OF SOUTHERN CALIFORNIA CA Private-Nonprofit 589 $ 2,418, OCCIDENTAL COLLEGE CA Private-Nonprofit 471 $ 2,008, OCEANSIDE COLLEGE OF BEAUTY CA Proprietary 84 $ 327, OHLONE COLLEGE CA Public 1,980 $ 6,564, ORANGE COAST COLLEGE CA Public 4,598 $ 16,528, OTIS COLLEGE OF ART AND DESIGN CA Private-Nonprofit 559 $ 2,616, OXNARD COLLEGE CA Public 3,070 $ 9,767, PACIFIC COAST TRADE SCHOOL CA Proprietary 235 $ 831, PACIFIC COLLEGE CA Proprietary 198 $ 703, PACIFIC COLLEGE OF ORIENTAL MEDICINE CA Proprietary 268 $ 820, PACIFIC OAKS COLLEGE CA Private-Nonprofit 324 $ 981, PACIFIC STATES UNIVERSITY CA Private-Nonprofit 2 $ 3, PACIFIC UNION COLLEGE CA Private-Nonprofit 679 $ 2,784, PALACE BEAUTY COLLEGE CA Proprietary 196 $ 697, PALLADIUM TECHNICAL ACADEMY CA Proprietary 129 $ 530,567 10

22 PALO ALTO UNIVERSITY CA Private-Nonprofit 79 $ 325, PALO VERDE COLLEGE CA Public 388 $ 1,443, PALOMAR COLLEGE CA Public 4,536 $ 14,891, PALOMAR INSTITUTE OF COSMETOLOGY CA Proprietary 129 $ 437, PARIS BEAUTY COLLEGE CA Proprietary 86 $ 282, PASADENA CITY COLLEGE CA Public 7,406 $ 28,399, PATTEN UNIVERSITY CA Private-Nonprofit 89 $ 193, PAUL MITCHELL THE SCHOOL CA Proprietary 131 $ 474, PAUL MITCHELL THE SCHOOL - PASADENA CA Proprietary 168 $ 626, PAUL MITCHELL THE SCHOOL EAST BAY CA Proprietary 204 $ 720, PAUL MITCHELL THE SCHOOL FRESNO CA Proprietary 247 $ 938, PAUL MITCHELL THE SCHOOL SHERMAN OAKS CA Proprietary 190 $ 707, PAUL MITCHELL THE SCHOOL-TEMECULA CA Proprietary 258 $ 992, PCI COLLEGE CA Proprietary 122 $ 392, PEPPERDINE UNIVERSITY CA Private-Nonprofit 916 $ 3,771, PINNACLE COLLEGE CA Proprietary 223 $ 725, PITZER COLLEGE CA Private-Nonprofit 179 $ 716, PLATT COLLEGE CA Proprietary 1,359 $ 5,219, PLATT COLLEGE, SAN DIEGO CA Proprietary 274 $ 1,180, POINT LOMA NAZARENE UNIVERSITY CA Private-Nonprofit 686 $ 2,806, POMONA ADULT SCHOOL CA Public 234 $ 700, POMONA COLLEGE CA Private-Nonprofit 276 $ 1,205, PORTERVILLE COLLEGE CA Public 2,490 $ 8,516, PREFERRED COLLEGE OF NURSING CA Proprietary 133 $ 462, PREFERRED COLLEGE OF NURSING, LOS ANGELES CA Proprietary 158 $ 611, PREMIERE CAREER COLLEGE CA Proprietary 654 $ 2,445, PROFESSIONAL GOLFERS CAREER COLLEGE CA Proprietary 133 $ 514, PROFESSIONAL INSTITUTE OF BEAUTY CA Proprietary 146 $ 559, PROVIDENCE CHRISTIAN COLLEGE CA Private-Nonprofit 29 $ 110, REAL BARBERS COLLEGE (THE) CA Proprietary 122 $ 477, REEDLEY COLLEGE CA Public 5,188 $ 17,121, RIO HONDO COMMUNITY COLLEGE CA Public 5,599 $ 17,470, RIVERSIDE CITY COLLEGE CA Public 7,355 $ 20,688, ROSEMEAD BEAUTY SCHOOL CA Proprietary 372 $ 1,388, ROYALE COLLEGE OF BEAUTY CA Proprietary 78 $ 265, RWM FIBER OPTICS CA Proprietary 93 $ 352, S.I.C.E PAUL MITCHELL PARTNER SCHOOL CA Proprietary 338 $ 1,287, SACRAMENTO CITY COLLEGE CA Public 8,101 $ 25,530, SADDLEBACK COLLEGE CA Public 3,543 $ 12,328, SAE INSTITUTE OF TECHNOLOGY, LOS ANGELES CA Proprietary 123 $ 349, SAGE COLLEGE CA Proprietary 440 $ 1,369, SAINT MARY'S COLLEGE OF CALIFORNIA CA Private-Nonprofit 927 $ 3,755, SALINAS BEAUTY COLLEGE CA Proprietary 51 $ 205, SALON SUCCESS ACADEMY CA Proprietary 207 $ 732, SALON SUCCESS ACADEMY CA Proprietary 349 $ 1,281, SALON SUCCESS ACADEMY CA Proprietary 39 $ 149, SAMUEL MERRITT UNIVERSITY CA Private-Nonprofit 147 $ 554, SAN BERNARDINO VALLEY COLLEGE CA Public 6,017 $ 19,667, SAN DIEGO CHRISTIAN COLLEGE CA Private-Nonprofit 577 $ 2,112, SAN DIEGO CITY COLLEGE CA Public 6,868 $ 22,836, SAN DIEGO COLLEGE CA Proprietary 331 $ 1,089, SAN DIEGO CULINARY INSTITUTE CA Proprietary 84 $ 256, SAN DIEGO MESA COLLEGE CA Public 5,438 $ 18,510, SAN DIEGO MIRAMAR COLLEGE CA Public 2,709 $ 8,812, SAN DIEGO STATE UNIVERSITY CA Public 10,857 $ 46,351, SAN FRANCISCO ART INSTITUTE CA Private-Nonprofit 168 $ 702, SAN FRANCISCO CONSERVATORY OF MUSIC CA Private-Nonprofit 64 $ 289, SAN FRANCISCO INSTITUTE OF ESTHETICS AND COSMETOLOGY CA Proprietary 136 $ 501, SAN FRANCISCO STATE UNIVERSITY CA Public 11,759 $ 48,394, SAN JOAQUIN DELTA COLLEGE CA Public 8,476 $ 27,754, SAN JOAQUIN VALLEY COLLEGE CA Proprietary 6,617 $ 26,437, SAN JOSE CITY COLLEGE CA Public 2,361 $ 8,227, SAN JOSE STATE UNIVERSITY CA Public 10,528 $ 43,372, SANTA ANA BEAUTY ACADEMY CA Proprietary 33 $ 122, SANTA ANA BEAUTY COLLEGE CA Proprietary 24 $ 62, SANTA ANA COLLEGE CA Public 3,860 $ 12,654, SANTA BARBARA BUSINESS COLLEGE CA Proprietary 416 $ 1,395, SANTA BARBARA BUSINESS COLLEGE CA Proprietary 780 $ 2,986, SANTA BARBARA BUSINESS COLLEGE CA Proprietary 302 $ 984, SANTA BARBARA CITY COLLEGE CA Public 5,127 $ 17,229, SANTA CLARA UNIVERSITY CA Private-Nonprofit 729 $ 3,011, SANTA MONICA COLLEGE CA Public 8,594 $ 28,704, SANTA ROSA JUNIOR COLLEGE - SANTA ROSA CA Public 4,765 $ 15,697, SANTIAGO CANYON COLLEGE CA Public 1,761 $ 5,565, SCHOOL OF URBAN MISSIONS CA Private-Nonprofit 296 $ 1,188, SCRIPPS COLLEGE CA Private-Nonprofit 126 $ 504, SHASTA BIBLE COLLEGE AND GRADUATE SCHOOL CA Private-Nonprofit 42 $ 161, SHASTA COLLEGE CA Public 4,202 $ 14,324, SHASTA SCHOOL OF COSMETOLOGY CA Proprietary 84 $ 324, SIERRA COLLEGE CA Public 7,074 $ 23,045,440 11

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