Platform, Available Through CFS-SunTech Servicing, Benefits Students,
Financial Aid Officers and CFS-SunTech Clients

FREDERICKSBURG, Va.
CFS-SunTech services approximately $12 billion in student loans for more
than 460,000 borrowers.
Barry Morrow , president and chief executive officer of Collegiate Funding
Services, Inc.

scholarship fund

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"Donations of this kind go to the core of the Fund's mission," said Brian
Glowiak, Vice President and Secretary of the DaimlerChrysler Corporation Fund. (Nasdaq: CFSI) today announced the launch of an in-school
student loan origination platform through its wholly owned subsidiary, CFS-
SunTech Servicing LLC. For additional information, visit
http://www.

send fund

"Post-secondary education for our
young people helps to maintain a trained work force that is vital to support
business in our community.

income placed

Kokomo is the home of four DaimlerChrysler plants: Kokomo Transmission,
Kokomo Casting, Indiana Transmission Plant , and Indiana Transmission Plant 2. Elam, executive vice president of Collegiate Funding Services and
president of CFS-SunTech.

families opportunity

The event was attended by Mayor McKillip, Aaron, President of the
KHCDC , and James Holtson, Chairman of Partners in Education.
The DaimlerChrysler Corporation Fund, now in its 51st year, is the primary
source of charitable grants made by DaimlerChrysler Corporation .

Forward-Looking Statements
This news release includes "forward-looking statements " about Collegiate
Funding Services, Inc. When used in this release, the words "looking forward, "
"expects," "plans," "intends," "believes," "forecasts," or future or
conditional verbs, such as "will," "should," "could" or "may," and variations
of such words or similar expressions are intended to identify forward-looking
statements.

funding gifts

"This helps tie together the community's strategic
economic development plan with our efforts to nurture and grow technology
jobs.newscom. CFS-SunTech has originated federally guaranteed
consolidation loans since 1990, but had previously completed all in-school
FFELP loan originations through a third party.

expand working

DaimlerChrysler Corporation Fund Donation Will Create Scholarships for Kokomo Ind.

"
Glowiak announced the donation in Kokomo today at a Partners in Education
session. The Fund
annually supports hundreds of charitable organizations with an emphasis on
community growth, arts and education in the United States and throughout the
world. AppWorks is used by many of
the nation's largest student loan lenders and servicers.

fund thousands

"We continue to identify strategic solutions that provide
students and their families with access to higher education funding through
channels that are convenient for them. Among the key factors that may have a direct bearing on the
company's operating results, performance or financial condition are (1)
changes in terms , regulations and laws affecting student loans and the
educational credit marketplace; (2) changes in the demand for educational
financing or in financing preferences of educational institutions, students
and their families; (3) changes in the credit quality or performance of the
loans that the company purchases, retains, services and securitizes; or (4)
changes in interest rates and in the securitization or secondary markets for
education loans.

reference families

major income

-- DaimlerChrysler pledges $50,000 toward technology training
-- Partnership with local organizations benefits high school grads
-- DaimlerChrysler Corporation Fund continues its mission

AUBURN HILLS, Mich., The DaimlerChrysler
Corporation Fund today announced a $50,000 donation to the Kokomo/Howard
County Development Corporation (KHCDC) in partnership with community group
Partners in Education. The company undertakes no obligation to update or revise
forward-looking statements which may be made to reflect events or
circumstances that arise after the date made or to reflect the occurrence of
unanticipated events unless the company has an obligation to do so under the
federal securities laws.

working placed

Examples of
eligible educational programs include computer science, auto repair, skilled
trades and mechanical engineering.com/cgi-bin/prnh/20050714/DCTH039LOGO )
With this new platform, CFS can offer its college partners a seamless,
paperless transaction for originating and disbursing in-school loans made
under the Federal Family Education Lending Program.
"By maintaining our own origination platform, we gain greater control over
the service we offer our student, parent, college and third -party customers,"
said John R.cfsloans.

opportunity encourages

"
The KHCDC will administer the scholarships, which will be available to
high school graduates under 21 years of age living in the county.
"This type of support from our corporate citizens is important to the
area," said Kokomo Mayor Matt McKillip .

low reference

This investment further demonstrates
DaimlerChrysler's continuing commitment in Kokomo and Howard County. 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. Important factors that could cause the company 's actual
results to differ materially from the forward-looking statements the company
makes in this release are set forth in the company's filings with the
Securities and Exchange Commission, including in the section entitled "Risk
Factors" in the company's Quarterly Report on Form 10-Q for the Quarter Ended
June 30, 2005.

working reference

"Using the new platform, we can rapidly originate
and disburse a loan and disburse funds in accordance with each partner's
specific requirements.

expand should

"
"We believe the capabilities of the new CFS-SunTech origination platform
will enable our company to further penetrate the in-school channel for
education financing, further leveraging our investment in SunTech," said J."
The new CFS-SunTech origination platform uses the AppWorks origination
system developed by V-Tek Systems Corporation.

encourages fund

placed supplemental

As of June 30, 2005, Collegiate Funding Services
had facilitated the origination of more than $20 billion in education loans;
the company currently manages almost $12 billion in student loans for more
than 460,000 borrowers. within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended.

* Fundraising for schools should be placed in the category
Society: Organizations: Fundraising or
Reference: Education: K_through_12: Student Fund Raisers.

expand gifts

12 reference

"Helping students achieve their educational goals will benefit them and the
community in the future.

Collegiate Funding Services Inc. Launches Student Loan Origination Platform

com or call 1-888-423-7562.

encourages thousands

"
"This is a great opportunity for Howard County students," said Greg Aaron,
President of the KHCDC.

CFS -SunTech is one of only two student loan servicers
that have been publicly rated in Moody's Investor Service's SQ1 category for
servicing of FFELP loans.

encourages income

The new fund will offer five to 10 scholarships a year in $1,000
dollar increments.
(Logo: http://www. Adaptability of the new
system allows CFS-SunTech Servicing to also provide this service for other
FFELP lenders and their customers .

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.

placed income

The donation will be used to establish a scholarship
fund that will be available for local high school graduates seeking technical
training.

This category links to grants and major funding sources for school.

thousands major

, Collegiate Funding
Services, Inc.

major encourages

through major

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