CFSI Collegiate Funding Services (MM)

FREDERICKSBURG, Va., Aug. 29 /PRNewswire-FirstCall/ -- Collegiate Funding Services, Inc. (NASDAQ:CFSI) has launched a formal marketing initiative to provide the nation's fast growing Hispanic community with enhanced information and access to federal student loan consolidations. U.S. Census Bureau data indicates that the Hispanic population, which is expected to exceed 13 million households by 2010, is now the fastest growing demographic in the U.S. The National Center for Education Statistics estimates that Hispanic college student enrollment will increase from 11 percent to 15 percent by 2015. In response to these trends, Collegiate Funding Services has introduced several features that are tailored to help Hispanic customers evaluate the benefits of student loan consolidation. Through Collegiate Funding Services, Hispanic customers can: * Access bi-lingual loan consolidation counselors toll-free at 1-866-790- 1670 * Access marketing materials and legal documents -- from applications to promissory notes -- in their preferred language * Visit an interactive website at http://www.espanol.slcp.com/ and view videos on how to reduce monthly student loan payments through consolidation or use the payment calculator to estimate loan payments "This initiative is part of Collegiate Funding Services' commitment to providing the highest quality of service to the Hispanic market and reflects our overall commitment to meeting the needs of individual customers, one customer or family at a time," said J. Barry Morrow, president and chief executive officer of Collegiate Funding Services, Inc. About Collegiate Funding Services Collegiate Funding Services is a leading education finance company dedicated to providing students and their families with the practical advice and loan solutions they need to help manage and pay for the cost of higher education. Collegiate Funding Services also offers a comprehensive portfolio of education loan products and services -- including loan origination, loan servicing, and campus-based scholarship and affinity marketing tools -- to the higher education community. As of June 30, 2005, Collegiate Funding Services had facilitated the origination of more than $20 billion in education loans; the company currently manages almost $12 billion in student loans for more than 460,000 borrowers. For additional information, visit http://www.cfsloans.com/ or call 1-888-423-7562. http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO http://photoarchive.ap.org/ DATASOURCE: Collegiate Funding Services, Inc. CONTACT: Ann Collier, Senior Vice President, Corporate Communications, +1-540-368-5970, Fax: +1-540-368-5963, , or Gary Tiedemann, Vice President, Investor Relations, +1-540-735-1235, Fax: +1-540-735-1239, , both of Collegiate Funding Services, Inc. Web site: http://www.cfsloans.com/ http://www.espanol.slcp.com/

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