As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/22/03  Roland & Dawn Arnall Living Trust SC 13G                 1:65K  Education Lending Group Inc       Merrill Corp-MD/FA

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                   HTML     44K 

SEC 1745 (02-02)

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

	UNITED STATES	OMB APPROVAL
	SECURITIES AND EXCHANGE COMMISSION	OMB Number: 3235-0145
	Washington, D.C. 20549	Expires: December 31, 2005
	SCHEDULE 13G (Rule 13d-102)	Estimated average burden hours per response. . 11

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED

PURSUANT TO 13d-2(b)

 

Under the Securities Exchange Act of 1934
(Amendment No.    )*

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[     ]	Rule 13d-1(b)
[ X ]	Rule 13d-1(c)
[     ]	Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No.  28140A
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Roland and Dawn Arnall Living Trust
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		[     ]
		(b)		[ X ]
	3.	SEC Use Only
	4.	Citizenship or Place of Organization California
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 1,875,000
			6.		Shared Voting Power 1,875,000
			7.		Sole Dispositive Power 1,875,000
			8.		Shared Dispositive Power 1,875,000
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,875,000
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [     ]
	11.	Percent of Class Represented by Amount in Row (9) 16.5%
	12.	Type of Reporting Person (See Instructions) OO

 

 

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Item 1.
	(a)	Name of Issuer Education Lending Group, Inc.
	(b)	Address of Issuer's Principal Executive Offices 12760 High Bluff Drive, Suite 210 San Diego, CA  92130
Item 2.
	(a)	Name of Person Filing Roland and Dawn Arnall Living Trust
	(b)	Address of Principal Business Office or, if none, Residence c/o Ameriquest Capital Corporation 11000 Town and Country Road, Suite 1100, Orange, CA  92868
	(c)	Citizenship California
	(d)	Title of Class of Securities Common
	(e)	CUSIP Number 28140A
	This Schedule 13G assumes the Company had issued and outstanding 11,351,250 shares as of April 18, 2003.
Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
	(a)	[  ]	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
	(b)	[  ]	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	[  ]	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	[  ]	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
	(e)	[  ]	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	[  ]	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	[  ]	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
	(h)	[  ]	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	[  ]	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	[  ]	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

 

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Item 4.	Ownership
	The ownership of the Filing Persons is as follows:
	Roland and Dawn Arnall Living Trust
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
	(a)	Amount beneficially owned:    1,875,000 shares
	(b)	Percent of class:    16.5%
	(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote    1,875,000
		(ii)	Shared power to vote or to direct the vote    1,875,000
		(iii)	Sole power to dispose or to direct the disposition of    1,875,000
		(iv)	Shared power to dispose or to direct the disposition of    1,875,000
Item 5.	Ownership of Five Percent or Less of a Class
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following  [  ]
Item 6.	Ownership of More than Five Percent on Behalf of Another Person
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
	Not Applicable
Item 8.	Identification and Classification of Members of the Group
	Not Applicable
Item 9.	Notice of Dissolution of Group
	Not Applicable
Item 10.	Certification
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

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Signature

                After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

	ROLAND & DAWN ARNALL LIVING TRUST
	April  21, 2003
	Date
	/s/ Roland E. Arnall
	Signature
	Roland E. Arnall/Trustee
	Name/Title

 

 

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