CFS-SunTech Awards $100,000 in Scholarship Aid to Mississippi Colleges and Universities
October 12 2005 - 10:01AM
PR Newswire (US)
FREDERICKSBURG, Va., Oct. 12 /PRNewswire-FirstCall/ -- Collegiate
Funding Services, Inc. (NASDAQ:CFSI) announced today the donation
through its wholly owned subsidiary CFS-SunTech Servicing LLC, of
$100,000 in scholarships to students who were directly affect by
Hurricane Katrina and attend Mississippi colleges and universities.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO )
"As one of the countries major student loan servicers and a large
employer in Jackson, Miss., CFS-SunTech has seen first hand the
impact of Hurricane Katrina on students enrolled in private
institutions, public schools and higher education facilities in our
state," said John R. Elam, executive vice president of Collegiate
Funding Services and president of CFS-SunTech. "As a company, we
want to provide tangible assistance to our community in a way that
we are uniquely qualified to do. CFS has already provided a 100
percent employee match for all funds donated to the American Red
Cross, but we wanted to do more. We wanted to help our neighbors,
business partners, customers and students continue to reach their
educational objectives. We felt the best way to ensure that our
future professionals could continue their education, was to commit
scholarship money to Mississippi colleges and universities." "This
scholarship fund is certainly a welcome gesture that Mississippians
appreciate and which will be put to good use," Senator Lott said.
"I know the schools participating in this initiative will ensure
that this money is distributed wisely and in a way that can help
most qualified students who've suffered from Hurricane Katrina. For
many years I've worked to improve Mississippi's higher educational
system because it is through this system that our state can attract
better jobs and more opportunities. With this same idea,
CFS-SunTech has stepped forward in a very positive way, and I am
very thankful for their willingness to help our state's people at
this time of unprecedented need." CFS-SunTech will disburse the
$100,000 in scholarship money through financial aid administrators
at the 18 Mississippi schools listed below. Disbursement amounts of
up to $10,000 will be based upon the number of impacted students
attending those schools. Scholarships will be awarded based on need
directly to students for the 2005-2006 academic year. Assistance
must be used for tuition, fees, books, room and board or other
education-related expenses. Mississippi School Recipients include:
Belhaven College, Delta State University, East Central Community
College, Hinds Community College, Jackson State University, Jones
Country Jr. College, Meridian Community College, Millsaps College,
Mississippi College, Mississippi Gulf Coast Community College
Jackson, Mississippi State University, Mississippi Valley State
University, Pearl River Community College, University of
Mississippi, University of Southern Mississippi, William Carey
College - Gulfport, Mississippi University for Women and Alcorn
State University. Students attending these institutions have faced
numerous hurdles over the past few weeks. Many have been displaced
and have commenced their fall semester at different universities;
others have lost their homes and all their belongings. It is the
company's sincere hope that these scholarships can help to provide
some relief to those affected students and that they can re-focus
their attention on their academics and future goals. 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, or Fax: +1-540-368-5963,
or , and Jeannie Bucco, Marketing Communications Manager,
+1-540-368-5940, or Fax: +1-540-368-5930, or , both of Collegiate
Funding Services, Inc. Web site: http://www.cfsloans.com/
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