CIT CONSUMER PRIVACY POLICY

At CIT* we recognize and appreciate the importance of respecting the privacy of our customers and are committed to safeguarding against unauthorized disclosure of, or access to, the information about our customers. This Privacy Notice sets forth CIT's current policies and practices with respect to nonpublic personal information of our applicants, customers and former customers. Please be aware that we may change this policy periodically.

Information We May Collect

We endeavor to limit the collection, retention and use of individual customer information to the minimum amount required to deliver useful products and services and other opportunities to customers and to fulfill our business needs. We may collect nonpublic personal information about you from different sources. For example, when you inquire of us or apply to us in writing, on the phone, by e-mail or from our website, we may collect information about you, such as your assets, income and social security number, from applications or other forms. We collect information about our customers through your transactions with us, with our affiliates, or with others, which may include account balances, payment history, and parties to transactions. We also collect information from credit bureaus, including your credit history and creditworthiness. We may receive information from other sources such as providers of marketing and demographic data.

Use of Consumer Information

We may use the information we collect to provide you with products or services you have requested, to improve our marketing and promotional efforts, to statistically analyze customer use of our products and services, to improve our offerings, to contact you regarding information we believe may be useful to you, to comply with reporting or other legal requirements, and to otherwise conduct business. We believe these uses allow us to improve our services and better tailor them to meet your needs.

Information We May Share With Our Family of Affiliated Companies

CIT Group Inc. is a diversified finance company offering a variety of financial products to consumers through its affiliated business units, including the companies named in this Privacy Policy. Unless you instruct us otherwise, we may share with our affiliated companies the information that we collect about you as described under the heading "Information We May Collect" above (such as information from consumer credit reports or income and assets information from applications). We may do this to provide you with information about other products or services we offer that may interest you.

Federal law gives you the right to limit some but not all marketing from our affiliates. You may limit our affiliates* from marketing their products or services to you based on your personal information that we collect and share with them. Your choice to limit marketing offers from our affiliates will apply until you tell us that you would like to change your preferences.

Option: You may direct us not to share nonpublic personal information, as described above, among our affiliates, except as permitted by law, by selecting that choice on the attached form and returning it to us.

Information We May Share to Service Your Account

In order to establish, administera and manage our customers' accounts, to provide customer service and benefits, to process account transactions and account statements, and to conduct research and analysis, we may disclose information described under the heading "Information We May Collect" to companies that work with us, including some of our CIT affiliates, to perform services or business operations on our behalf. We may also share this information with companies that perform marketing services on our behalf or other financial institutions with whom we have joint marketing agreements. Please be aware that these disclosures are permitted by law without your consent, and therefore the opt out choices described below will not apply to these types of disclosures.

Information We May Share With Other Third Parties

In certain instances, we are permitted or even required to provide information about you to third parties not affiliated with us.  Examples of this type of permitted disclosure would include reporting information about your transactions with us to credit reporting agencies, responding to regulators or auditors or other legal disclosure requirements, and protecting against fraud or providing information in connection with proposed or actual business transactions involving our companies or accounts, such as mergers or portfolio sales.  Additional examples are advising a school at which you are enrolled of the status of your credit application with us, responding to prior or subsequent lenders or holders with respect to your promissory note and related documents, releasing information and making inquiries to the persons you have listed on your credit application as references, for the purposes of learning your current address and telephone number, and checking your credit and employment history and asking these lenders and/or employers about their credit experience with you.  Please be aware that these disclosures are permitted by law without your consent, and therefore the opt out choices described below will not apply to these types of disclosures.
 
Unless you instruct us otherwise, we may share all the information described under the heading "Information We May Collect" with additional categories of nonaffiliated third parties, such as other financial service providers, insurance companies, or non-financial companies such as service organizations, retailers, travel services or direct marketers.

Option:You may direct us not to share nonpublic personal information about you with these nonaffiliated third parties, except as permitted by law, by selecting that choice on the attached form and returning it to us.

Confidentiality and Security

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

Additional Important Information

This Privacy Policy applies to financial products and services provided by CIT in the United States for consumer purposes. We reserve the right to change the terms of this Privacy Policy at any time as permitted by law. The examples provided in this Privacy Policy are intended as illustrations and are not exclusive.

Customer Options

You may opt out of certain information sharing practices as described where you see the headings "Option" in our Privacy Policy by checking the appropriate boxes and completing the identifying information on this form and mailing it to us. If you have previously mailed this form to us, the options you chose will still be honored. You may update your directions to us by completing this form and mailing it to us as directed.

You do not need to notify us if you decide not to opt out.

Information We May Share With Our Family of Affiliated Companies

We may do this in order to provide you with information about other products or services we offer that may interest you.

Option:

[ ] Please do not share information about me with your CIT affiliates*, except as permitted by law.

Information We May Share With Other Third Parties

These companies may wish to provide you with information about other products or services that may interest you.

Option:

[ ] Please do not share information about me with other companies, except as permitted by law.

Please Print Clearly

Name (first/ MI/ last):	Telephone:
Street Address:	Mailing Address (if different):
City, State:	City, State:
Zip Code:	Zip Code:

Account Number: ____________________

WE MUST HAVE YOUR ACCOUNT NUMBER IN ORDER TO PROCESS YOUR OPT OUT REQUEST. YOU CAN LOCATE THE ACCOUNT NUMBER ON YOUR MONTHLY STATEMENT, ENCLOSED HERE.

Your request will be effective as soon as reasonably practicable after we receive it. If your account with us is a joint account with another person or persons, then a request by one of you will be effective as to all of the account holders with respect to information relating to that account. If you establish a new relationship with us in the future, you will receive another copy of our current Privacy Policy at that time. You will need to complete another opt out form indicating your choices relating to that new relationship. If your customer relationship with us ends, this Privacy Policy will still apply to you as a former customer of ours.

Please return this form to:

The CIT Group, c/o Student Loan Xpress, Inc. 12680 High Bluff Drive, Suite 310 San Diego, CA 92130

You may also use our online opt-out form.

Other Ways to Protect Your Privacy

Identity Theft

Identity theft is a serious and growing problem.  If someone has fraudulently used your identification to establish credit, report the incident as quickly as possible to each of the credit reporting agencies listed below and ask that a fraud report be placed on your file.

• Experian: 888-397-3742 
• Equifax: 800-525-6285 
• TransUnion: 800-680-7289

You may also check to see if any additional credit accounts have been opened without your consent.  Contact the credit reporting agencies at these numbers to obtain a copy of your credit report.

• Experian: 888-397-3742 
• Equifax: 800-685-1111 
• TransUnion: 800-916-8800

You may be able to receive a free credit report annually.  Check AnnualCreditReport.com to see if you are eligible for a free report.

The Federal Trade Commission has prepared additional information on identity theft.  You may want to review the information at http://www.consumer.gov/idtheft/ .  

This information is provided as a service to you.  CIT is not affiliated with any of these services and CIT does not guarantee their effectiveness.

* This Privacy Policy and Opt Out Notices are provided on behalf of the following companies in the CIT family: The CIT Group/Consumer Finance, Inc.; The CIT Group/Consumer Finance, Inc. (NY); The CIT Group/Consumer Finance, Inc. (TN); The CIT Group/Sales Financing, Inc.; CIT Bank; Education Loan Servicing Corporation d/b/a Xpress Loan Servicing; Education Lending Services, Inc.; Student Loan Xpress, Inc.; CIT Funding Company, LLC; Education Funding Resources, LLC; Education Funding Resources II, LLC; Education Funding Resources III, LLC and the CIT Insurance Agency, Inc. As used in this Privacy Policy, "we," "us," "our," or "ours" refer to the CIT companies named here. "You," "your," and "yours" refer to each individual who is one of our customers or former customers or who obtains or requests a financial product or service from us.