Clock is Ticking for Arizona Student Loan Borrowers to Lock in an Interest Rate as Low as 0.625 Percent

CFS also can consolidate non-
government education loans.

Can you consolidate after repayment begins? Absolutely, says McGhee.

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 pay for and manage the cost of higher
education., College students nearing graduation
should take note of the recent United States Treasury Bill (T-bill) auctions,
which drive student loan interest rates and if the trend continues as
expected, would result in an increase of as much as 60 percent over today's
rates when the rates reset on July 1, 2005.25 percent, respectively.

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In addition, they can receive an immediate
0. Combined, these benefits could reduce the borrower's interest rate to
0. Clark McGhee, executive vice
president of sales and marketing for Collegiate Funding Services, Inc. A recent
U.

When is the best time to consolidate? The federal government offers
students a grace period, typically six months, between the time a student
leaves school and loan repayment begins.

Are there other places I should ask about consolidation loans? Former
students and soon-to-be graduates should also check with the alumni office at
their college or university or with any professional associations to which
they belong for special member discounts. For additional information, visit
http://www. With a little extra time, students
can save thousands of dollars.nelnet.

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Given the recent steady rise in T-
Bill rates, most education finance experts are anticipating a steep rise in
these federal student loan rates this summer.
"For college seniors the next few weeks will be hectic while they prepare
for graduation," said Cheryl Watson, Nelnet Chief Communications Officer .nelnet.

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, a
leading education finance company.
The cost of higher education is on the rise , increasing the likelihood
that students will graduate with significant educational loan debt.

Can I apply online? If you are racing toward this summer's deadline, an
online application might be critical. 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.

Nelnet is allowing new graduates who apply to consolidate immediately
after graduation to keep their six-month grace period.
"It is a great debt management tool," added Watson.

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com or contact Kathleen Harris, vice president, at
480/461-6511 or e-mail KHarris@sssc. However, borrowers can still
lock in the historically low rates.25 percent when you select automatic
payment and another 1.

Attention College Seniors: Student Loan Consolidation Is a Solution to Rising Interest Rates

875 percent could save eligible borrowers
thousands of dollars. Our services help to
facilitate and streamline education finance for all involved in the industry,
including student and parent borrowers, lenders, financial aid officers ,
guaranty agencies, governmental agencies, servicers, and the capital markets.

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Southwest Student Services Corporation is a wholly owned subsidiary of SLM
Corporation, commonly known as Sallie Mae .

But,
borrowers trying to avoid this year's anticipated July 1 increase should
determine when the lender needs to receive the application and if the lender
will continue to honor the grace period.com or call 1-888-423-7562.

servicer originator

, Former college students,
this spring's graduates and parents who are or will soon begin paying
education bills can lower their monthly debt payments by consolidating federal
student loans into a single fixed-rate loan with an extended repayment period,
but for these millions of borrowers, time may be running out to get the
historically low rates in place today says W.cfsloans.6765).

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S.com.gustafson@zenogroup.

This category contains resources for locating and obtaining student loans and other post-secondary education financing.

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Borrowers who wait until July 1 to
consolidate may receive an interest rate nearly 2 percentage points higher.
Interest rates for both Federal Stafford Loans and PLUS Loans, which is
the Federal Parent Loan for Undergraduate Students, are reset on July 1 each
year and are based on Treasury Bill rates. Department of Education study found that from 1992 to 2002, the average
cumulative amount borrowed per student increased almost 60 percent to $19,300
(in constant 2002 dollars).

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SLM Corporation and its subsidiaries
are not sponsored by or agencies of the United States of America.com. This reduction gives them greater spending
flexibility until their earnings power grows. The borrower incurs no application fees or charges
to consolidate and with e-signature capability, processing is even faster,
further helping borrowers lock in the historically low rates. For most new and recent
graduates, this week's 91-day T-bill bond equivalent rate of 2. This gives them the
opportunity to capture the current low rate without forfeiting their six-month
grace period before they begin repayment. With more than $14.

advisement borrowers

McGhee recommends that borrowers ask the
following questions when deciding whether and with whom to consolidate their
loans .

Are other interest rate discounts available? Some consolidation lenders
offer interest rate reduction opportunities when payments are automatically
deducted from a checking or savings account or after the borrower makes a
specified number of consecutive on-time payments.
The variable interest rate on most federally-guaranteed student loans is
readjusted annually based on the final 91-day T-bill auction prior to June 1
and is effective July 1.5 billion in student
loan assets, Nelnet originates in excess of $3 billion for itself and its
service partners annually, and its servicing software is used by approximately
35 clients, including Nelnet, to service more than $50 billion in student
loans.
Nelnet offers a broad range of student loan and financial services and
technology-based products, including student loan origination and lending,
guarantee servicing , and a suite of software solutions.

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, Southwest Student Services
Corporation (Southwest ), a nationally recognized higher education lender
headquartered in the metropolitan-Phoenix area , today reminded Arizona student
loan borrowers that the deadline for locking in historically low interest
rates on student loans is fast approaching.375 percent.866.net.

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By consolidating their loans between the time they leave
school and June 30, borrowers could lock in interest rates as low as 2.com. The result is a reduction of as much as 55 percent to
58 percent in monthly payments."
In the rush to consolidate before the anticipated July 1 increase, McGhee
encourages borrowers to find a lender who will discuss all their consolidation
options and help them customize a consolidation loan repayment plan that works
for them. By
consolidating during grace, the borrower avoids the rate increase.33 percent reduction to loan principal applied
after 30 consecutive, uninterrupted payments. The formula is equal to the bond-equivalent rate for the T-bill
plus an interest rate margin set by the Department of Education.7 percent for borrowers with
Stafford loans in school, grace, or deferment; 2. "The low rates and
one monthly payment are a great combination for new graduates on a tight
monthly budget.net/consolidation or by calling toll-free at 1.

Nelnet is one of the leading education finance companies in the United
States and is focused on providing quality student loan products and services
to students and schools nationwide.

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8 billion in student loans annually, and it is the nation's ninth
largest holder of federal student loans with a portfolio of more than $5
billion.
Southwest is known nationally for providing innovative, money-saving
benefits and exceeding customer expectations.

Consolidating Student Loans Can Help Millions Balance Education Debt and Living Expenses

Nelnet Loan Advisors Assist Graduates

LINCOLN, Neb.

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Consolidating with Southwest can reduce Arizona students' consolidation
loan interest rate even further.
Southwest offers its consolidation borrowers superior service and a
variety of flexible repayment options.
A new graduate with $20,000 worth of student loans and a 20-year term
would rack up an additional $4,371 in interest over the life of the loan if
subject to this year's projected interest rate increase. Consolidating those
loans now at the current rate of 2.625 percent and
5. Borrowers can also receive a
.3 percent for borrowers with
Stafford loans in repayment; and 3. It is hard to imagine a scenario where a borrower would not
benefit from consolidating before July 1. Nelnet ranks among the nation's leaders in terms of total student loan
assets.

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Student loan consolidation helps borrowers manage their student loan
repayment by combining each of their eligible loans into a single, new
federally guaranteed loan -- a federal consolidation loan -- with a lengthened
repayment term, a fixed interest rate and the convenience of a single monthly
payment.sssc.

CONTACT: Jaymie Gustafson of Zeno Group , +1-202-336-7966,
jaymie. Borrowers in their grace period can
receive a fixed interest rate as low as 2. Together, these Nelnet
borrower benefits can save hundreds and possibly thousands of dollars in
interest over the life of the loan.

lagrant borrowers

875
percent for the life of their loan.25-percentage-point interest-rate reduction by making payments via automatic
debit. But, Borrowers Should Apply Now to Lock in
Historically Low Interest Rates

FREDERICKSBURG , Va.91 percent
would send Consolidation loan interest rates up to 4.25% interest rate reduction for auto-debit payments.1 percent for PLUS loans for parents. Our products are
designed to simplify the student loan process by automating financial aid
delivery, loan processing, and funds disbursement .

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"Young people, just starting their careers, can be overwhelmed by the
combination of student loan payments, rent, car payments and other living
expenses," said McGhee. "When they consolidate their variable-rate student
loans into a fixed-rate loan through the Federal Consolidation Loan Program ,
they can extend their payments across a longer period of time with no
prepayment penalties. CFS , for example, offers a variety of repayment plans, including
level, income-sensitive and graduated plans.00 percent for consecutive on-time payments after a
qualifying period as long as payments remain on-time. The
company currently manages approximately $11 billion in student loans for more
than 430,000 customers.07 percent based on the May 2004
auction.

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Consolidation borrowers who reside in Arizona
receive a 2-percentage-point interest-rate reduction after making their first
24 payments as initially scheduled. Arizona borrowers interested in student
loan consolidation should contact 800/874-3742 or visit http://www.

About Southwest Student Services Corporation
Southwest Student Services Corporation serves schools and borrowers at
every education level that seek financial aid counseling, student loan
funding, loan origination, loan consolidation and life-of-the-loan servicing . In 23 years of service,
Southwest has helped more than 1 million people reach their educational goals. SLM Corporation (NYSE: SLM) is the
nation's No.
"However, it is important that they find a few minutes to learn about student
loan consolidation before rates change.

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After the grace period ends, the
interest rate on most federal student loans increases 0. You
can still benefit from other interest rate discounts and extended payments,
but this year, remember you likely will obtain the lowest interest rate, in or
out of grace, if you consolidate before July 1.com, for Collegiate Funding Services, Inc.
In addition, Nelnet offers valuable benefits to borrowers, including a
choice of a one percent interest rate reduction after 36 consecutive,
uninterrupted payments or a 3."

More information regarding student loan consolidation is available at
http://www .

Additional information is available at http://www.

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Arizona Borrowers Should Act Now , Contact Southwest Student Services
Corporation

GILBERT , Ariz.
The company is among the top 30 originators of federal student loans, issuing
more than $1.6 percent. Since 1998, Collegiate Funding Services has
facilitated the origination of more than $18 billion in education loans. The T-bill rate used to calculate the current
student loan interest rates was only 1.

originations purchaser

1 paying-for-college company, managing nearly $112 billion in
student loans for 8 million borrowers. This year the auction determining the new rates will
be on May 31.

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625 percent .
For additional information about Southwest Student Services Corporation,
visit http://www . CFS customers can apply over the phone
or online at cfsloans. CFS works with more than 70 alumni
associations and more than 40 professional associations and affinity groups,
including the American Medical Association and the America Bar Association, to
provide special member-only discounts.875 percent, and borrowers in
repayment can lock-in a rate as low as 3.4CONSOL
(426.

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For Arizona students who are coming out of school this spring -- as well
as those who have not yet consolidated their student loans -- applying for
consolidation by June 30 can save borrowers hundreds, even thousands , of
dollars in interest.sssc. Also telling, the percentage of students who
borrowed money for college increased from 49 percent to 65 percent over the
same period. CFS, for example, will
immediately reduce your interest rate 0."
Student loan borrowers can lock-in the current low rates by consolidating
their student loans before July 1.
Through consolidation, borrowers can combine multiple federal student
loans, such as Stafford loans, into one loan with one low monthly payment.
The Consolidation loan fixed interest rate is determined by taking the
weighted average of the interest rates of the original federal student loans,
rounded up to the nearest 1/8 percent. The add-on
for loans disbursed on or after July 1, 1998 is 1.

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