Collegiate Funding Services Announces New Disbursement Delivery Option

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: [phone]
   Fax:   [phone]
   

   Investor Contact:
   Gary Tiedemann
   Vice President, Investor Relations
   Phone: [phone]
   Fax:   [phone]
   

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,

[phone], fax: [phone], ; or Investors:

Gary Tiedemann, Vice President, Investor Relations, [phone], fax:

[phone], , both of Collegiate Funding Services



Web site:  http://www.cfscampusloans.com/ 

Copyright