CFSI Collegiate Funding Services (MM)

FREDERICKSBURG, Va., Oct. 20 /PRNewswire-FirstCall/ -- Collegiate Funding Services, Inc. (NASDAQ:CFSI) today announced that it will release financial results for the third quarter of 2005 on October 27, 2005, prior to the opening of stock market trading. In conjunction with the release, the company will conduct a conference call and simultaneous Internet webcast at 10:30 A.M. Eastern Time on October 27, 2005. (Logo: http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO ) Investors may access the webcast on the company's website at http://www.cfsloans.com/ by clicking on "Investor Relations," or at http://www.earnings.com/. Listeners should allow extra time before the webcast begins to register for the webcast and download any necessary software. The conference call also may be accessed by telephone by dialing 866-203-3436 (international callers dial 617-213-8849) and using the passcode 14374825. A replay of the webcast will be available approximately two hours after the completion of the call and will be accessible on the company's investor relations website. A telephone replay will be available by dialing 888-286- 8010 (international callers dial 617-801-6888) and using the passcode 16691591. 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: Investors: Gary Tiedemann, Vice President, Investor Relations, +1-540-735-1235, ; or Media: Ann Collier, Senior Vice President, Corporate Communications, +1-540-368-5970, , both of Collegiate Funding Services, Inc. Web site: http://www.cfsloans.com/

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