Stafford, PLUS and Graduate PLUS Federal Loans Include Generous Borrower Benefits

MyRichUncle(TM) announced the details of their Federal Family Education Loan (FFEL) program, which includes Stafford, PLUS and Graduate PLUS loans, for the 2007-2008 academic school year. Among national student loan providers, MyRichUncle offers the most competitive discounts on their Federal student loan products.

Students and parents who borrow their Federal loans from MyRichUncle will enjoy the benefit of interest rate discounts that begin at repayment and are not contingent upon making a particular number of on-time payments, which has long been an industry norm.

Moreover, MyRichUncle has set themselves apart from other lenders in that their borrowers do not risk losing this benefit because of a late payment. This is important because it has been reported that over 90 percent of borrowers lose interest rate discounts or their ability to qualify for additional borrower benefits due to late payment. Because MyRichUncle wanted to offer a more realistic and transparent product to their customers, they designed their Federal loan products to ensure that interest rate discounts remain with the borrower, so long as they do not default on their loan.

  MyRichUncle's 2007-2008 Federal Loan Products and Benefits

  Federal   Origination   Unconditional Conditional    Conditional
  Loan      Fee Charged   Interest      Interest Rate  Principal Balance
  Type                    Rate          Discount       Reduction
                          Discount
  -----------------------------------------------------------------------

  Stafford  1.5%          1.0%          0.25%          1.5%
            Subtracted    Starting      Sign up for    After 48-months of
            from amount   from          auto-debit     on-time monthly
            disbursed     repayment     (ACH)          payments
  -----------------------------------------------------------------------

  PLUS      3.0%          1.75%         0.25%          3.0%
            Subtracted    Starting      Sign up for    After 48-months of
            from amount   from          auto-debit     on-time monthly
            disbursed     repayment     (ACH)          payments
  -----------------------------------------------------------------------

  Graduate  3.0%          1.75%         0.25%          3.0%
  PLUS      Subtracted    Starting      Sign up for    After 48-months of
            from amount   from          auto-debit     on-time monthly
            disbursed     repayment     (ACH)          payments

* MyRichUncle also waives the government-required Guarantee Fee for their borrowers.

"We are extremely proud of our Federal loan program. There is tremendous value for the consumer who can obtain an interest rate discount that starts at repayment rather than one that is contingent upon making a certain number of on-time payments," said Raza Khan, president and co-founder of MyRichUncle. "The positive feedback we receive from our customers enforces both our position in the market and the products we are offering. We look forward to continuing to serve students and parents in the coming academic year."

Federal student loans are the most affordable loans to secure in paying for higher education. While the amounts that can be borrowed for Stafford are capped relative to the year of study, these loans provide students with low interest rates and flexible repayment options.

Legislated terms of Stafford, PLUS and Graduate PLUS loans for the 2007- 2008 academic school year include:

  Federal   Capped      Interest  Origina- Guarantee  Repayment   Repayment
  Loan      Amount      rate      tion     fee        begins      Term
  Type                  cap       fee
  -------------------------------------------------------------------------

  Stafford  1st yr=     6.8%,     1.5%     1.0%       6 months     10
  Dependent $3,500      fixed                         after        years
  Under-    2nd yr=                                   graduation
  grads     $4,500                                    or if drops
            3-5th yr=                                 below half-
            $5,500                                    time
                                                      enrollment
  -------------------------------------------------------------------------

  PLUS      Cost of     8.5%,     3.0%     1.0%       60 days      10
            attendance, fixed                         after last   years
            less other                                disbursement
            aid
  -------------------------------------------------------------------------

  Graduate  Cost of     8.5%,     3.0%     1.0%       60 days      10
  PLUS      attendance, fixed                         after last   years
            less other                                disbursement
            aid

Rates and benefits are effective as of July 1, 2007. For more information about making the right choice about your student loans, please visit www.MyRichUncle.com.

About MyRichUncle(TM)

From their inception in 2000, MyRichUncle(TM), the consumer brand of MRU Holdings, Inc. (NASDAQ:UNCL) has been at the forefront of innovation for education finance, most recently focusing on the growth market of student loans.