Collegiate Funding Services, Inc. Names Paul R. Eber to Lead School Services Unit
October 17 2005 - 10:00AM
PR Newswire (US)
FREDERICKSBURG, Va., Oct. 17 /PRNewswire-FirstCall/ -- Collegiate
Funding Services, Inc. (NASDAQ:CFSI) today announced the
appointment of Paul R. Eber, 49, as a senior vice president of the
company and president of school services, effective immediately.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO )
In this capacity, Eber will provide executive leadership for the
campus sales staff, the campus business development team and campus
support services. In addition, he will support other CFS
initiatives to help ensure that a full array of CFS products and
services are available to meet the current and future needs of the
college and university community. Eber will participate on the
company's executive committee. Eber was a co-founder and served as
president and chief executive officer of ELM Resources, an alliance
of companies that provides automated Federal Family Education Loan
Program and alternative loan data exchange, updates, funding and
information via the Internet. A 22-year veteran of the education
finance industry, he also has served as the senior executive of a
top-10 student lender and as a leader within two guaranty agencies.
"Paul Eber has played a key leadership role in a variety of student
loan industry innovations, including the creation of the Master
Promissory Note, the founding of ELM Resources and the introduction
of negotiated rulemaking between the Department of Education and
the postsecondary community," said J. Barry Morrow, president and
chief executive officer of Collegiate Funding Services, Inc. "The
addition of Paul to the CFS team, along with our recent
improvements in our school channel services, such as the
introduction of an in-house origination capability, reflects CFS'
continued commitment to serving our customers through a variety of
channels and a full array of education finance products." 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: Ann Collier, Senior Vice President,
Corporate Communications, +1-540-368-5970, fax: +1-540-368-5963, ,
or Investor Contact: 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/
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