Collegiate Funding Services Announces New Disbursement Delivery Option
December 09 2005 - 8:30AM
PR Newswire (US)
FREDERICKSBURG, Va., Dec. 9 /PRNewswire-FirstCall/ -- Collegiate
Funding Services, Inc. (NASDAQ:CFSI) is pleased to announce the
expansion of its loan delivery options to include the Lender Funds
Management system. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO ) The USA
Funds Lender Funds Management system streamlines disbursement
processing for school partners by providing schools a single
channel for the delivery of loan funds. Schools can release loan
disbursements via CommonLine, a uniform data exchange system used
by most colleges and universities throughout the United States, or
via the Internet, fax or a toll- free telephone number. "The
Collegiate Funding Services Campus sales team is pleased to offer
higher education professionals an additional disbursement option as
part of our comprehensive delivery methods," said Paul R. Eber,
senior vice president of the company and president of school
services. "It is important to offer institutions disbursement
methods that fit their particular needs and preferences. Our
commitment to service will enable the schools to disburse funds
while retaining loan servicing at CFS-SunTech." Collegiate Funding
Services maintains a team of campus marketing professionals who
support the higher education community by providing information,
products, services and scholarships to schools across the country.
To date, financial aid professionals at more than 1,000 colleges
and universities use CFS' loan programs and/or the collegexit(TM)
online entrance and exit counseling service. Financial aid
professionals can obtain information and answers to their education
financing questions by calling the Collegiate Funding Services
Campus Answer Line toll-free at 1-866-922-9965 or via web at
http://www.cfscampusloans.com/. 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 September 30, 2005, Collegiate
Funding Services had facilitated the origination of more than $21
billion in education loans; the company currently manages $12
billion in student loans for more than 476,000 borrowers. For
additional information, visit http://www.cfscampusloans.com/ or
call 1-866-922-9965. Contact: Ann Collier Senior Vice President,
Corporate Communications Phone: (540) 368-5970 Fax: (540) 368-5963
Investor Contact: Gary Tiedemann Vice President, Investor Relations
Phone: (540) 735-1235 Fax: (540) 735-1239
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 Investors: Gary Tiedemann, Vice President, Investor Relations,
+1-540-735-1235, fax: +1-540-735-1239, , both of Collegiate Funding
Services Web site: http://www.cfscampusloans.com/
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