X0101 4 2003-05-22 0 0001103313 EDUCATION LENDING GROUP INC EDLG, OB 0001221767 BALESTRI FABRIZIO 0 1 0 0 Student Loan Xpress CEO Common Stock, $.001 par value per share 2003-05-22 4 P 0 1500 8.65 A 1500 I By IRA Common Stock, $.001 par value per share 2003-05-22 4 P 0 500 8.45 A 2000 I By IRA Common Stock, $.001 par value per share 2003-05-22 4 P 0 500 8.50 A 2500 I By IRA Mr. Balestri also directly owns 3,000 common shares, $.001 par value per share. /s/ Fabrizio Balestri 2003-05-29