CFSI Collegiate Funding Services (MM)

FREDERICKSBURG, Va., Oct. 13 /PRNewswire-FirstCall/ -- Collegiate Funding Services, Inc. (NASDAQ:CFSI) announced today the addition of new educational finance and debt management solution programs for American Medical Association members and their families through its long-time partnership with the AMA. (Logo: http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO ) Collegiate Funding Services recognizes the increasing need for healthcare professionals in the United States as well as the substantial increase in the cost of higher education, particularly for medical students. "As a company, it is our mission to continually develop innovative solutions for today's students and our partners," said John Fees, executive vice president of Collegiate Funding Services, Inc. "Through this extension of our partnership with the American Medical Association, we are offering its members and employees access to education financing programs and services customized to meet the requirements of medical and health professional students." CFS Affinity Services has created The Education Loan Marketplace(TM) for the AMA, a comprehensive online resource that enables members and their families to learn about the cost of higher education and financing options. The site, AMA.Ed-Loans.com, includes a suite of education finance products such as private education loans, residency and relocation loans, medical board loans and consolidation loans that meet the needs of members throughout their medical career. Members can access a comprehensive database of scholarships and grants through the AMA.BrokeScholar.com scholarship search engine, as well as track and compare various education finance options through the Ed-Loans Wizard. As the education finance partner of the AMA, CFS has worked closely with the association to create products and services that address debt management, an extremely important topic for the AMA. In addition to offering federal and private student loan consolidation products, CFS has created interactive, customizable websites that complement the existing processes, such as face-to- face entrance and exit counseling services, currently in place within financial aid offices. MedEntrance(TM) and MedExit(TM) are interactive websites created to counsel students on requirements associated with paying for a medical school education upon entering or exiting school. The Medical Education and Debt Management Guide, available in print and electronically, walks medical school students through the complicated world of financing a medical school education. CFS also has coordinated through the AMA and state medical societies to offer debt management seminars for medical school students. "The AMA is committed to ensuring that future physicians are able to afford the cost of medical education," said AMA board of trustees chair Duane M. Cady, M.D. "The products that Collegiate Funding Services provides to our members are valuable tools that can help our next generation of doctors consolidate their student loans and better manage their medical school debt." 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 and was managing 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: Media: Ann Collier, Senior Vice President, Corporate Communications, +1-540-368-5970, Fax: +1-540-368-5963, , or Investors: 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://ama.ed-loans.com/ http://ama.brokescholar.com/

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