Collegiate Funding Services Re-launches BrokeScholar, a Leading Scholarship Search Engine

FREDERICKSBURG, Va., March 8 /PRNewswire/ -- BrokeScholar, an educational service of Collegiate Funding Services, today announces the re-launch of BrokeScholar.com, a leading scholarship search engine. As the published price of college has significantly outpaced median income for families likely to have college-aged children, Collegiate Funding Services sees scholarships as a crucial way to accomplish its goal of helping students finance their education.

With that in mind, BrokeScholar's database has been completely revamped to better meet educational funding needs by connecting students to undergraduate, graduate, and professional scholarship awards. The re-launch of BrokeScholar has created one of the largest free scholarship search engines of its kind, featuring over 650,000 scholarship awards, worth $2.5 billion.

Collegiate Funding Services has retained all the popular tools that BrokeScholar users rely on, such as dynamic deadline calendars, efficient letter writing tools, and convenient scholarship deadline email alerts. 54% of the scholarships at BrokeScholar have a deadline in February or March of 2005, making BrokeScholar.com a valuable and timely destination for students in search of scholarship dollars.

"Through our investment in the re-launch of BrokeScholar.com, we continue our commitment to effectively delivering scholarship opportunities and educational funding solutions to students and parents," said John T. Fees, Executive Vice President of Collegiate Funding Services.

Students have already praised the improvements BrokeScholar has made to its web property. "I just love BrokeScholar ... and I have prepared five letters to send out to scholarship sources," said BrokeScholar.com user Ginnette, from Massachusetts. "Your website is great and makes it easy to find educational funding. Thank you!"

Collegiate Funding Services understands the rising cost of tuition and constantly searches for new and innovative ways to enable students to manage the puzzle of paying for a college education. Through BrokeScholar, Collegiate Funding Services strives to help students find as much money as possible to finance their education.

To find out more information about BrokeScholar, call 617-399-8103 or visit http://www.brokescholar.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 pay for and manage 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. Since 1998, Collegiate Funding Services has facilitated the origination of over $16 billion in education loans, and currently manages $10 billion in student loans for more than 400,000 borrowers. For additional information, visit http://www.cfsloans.com/ or call 1-888-423-7562.

About BrokeScholar

BrokeScholar is one of the web's largest free scholarship search engines, featuring undergraduate, graduate, and professional scholarship awards. Launched in 2002, the site offers access to a database of over 650,000 scholarships worth $2.5 billion. BrokeScholar provides sophisticated technology that matches specific user characteristics and interests to the most meaningful scholarships available to the individual users. BrokeScholar is an educational service of Collegiate Funding Services.

CONTACT: Jaymie Gustafson, Office: +1-202-336-7966, Cell: +1-202-431-9478, or jaymie.gustafson@zenogroup, for Collegiate Funding Services.