DBRS Finalizes Ratings of Educational Funding Services, Inc., Series 2007-1, Confirms Series 2006-1 and 2005-1

DBRS has today finalized the ratings of the Student Loan Asset-Backed Notes, Series 2007-1 issued by Educational Funding Services, Inc., Series 2007-1 (EFSI) as follows:

-- $82,800,000 Class A-1 at AAA
-- $30,000,000 Class B-1 at A

DBRS has also today confirmed the following ratings of Educational Funding Services, Inc., Series 2006-1:

-- $49,950,000 Class A-1 at AAA
-- $54,750,000 Class A-2 at AAA
-- $30,450,000 Class A-2 at AAA
-- $12,250,000 Class B-1 at “A”

DBRS has also today confirmed the following ratings of Educational Funding Services, Inc., Series 2005-1:

-- $20,000,000 Class A-1 at AAA
-- $65,000,000 Class A-2 at AAA
-- $10,000,000 Class A-3 at AAA
-- $5,000,000 Class B-1 at “A”

The 2007-1 Notes are being issued on November 14, 2007. The 2007-1 Class A-1 Notes will be offered as taxable 28-day Auction Rate Notes. Auction Rate Note interest will be payable on the first business day following the end of each auction period. The 2007-1 Class B-1 notes will be fixed-rate notes with interest paid semiannually on the first of each June and December; commencing on June 1, 2008.

The collateral for the Notes consists of student loans originated under the Federal Family Education Loan Program (FFELP). FFELP loans are guaranteed to at least 97% of defaulted principal and accrued interest by eligible guarantors and reinsured by the U.S. Department of Education (ED). As of the statistical cut-off date of September 30, 2007, 93.74% of the loans in the portfolio have “special allowance payment” (SAP) rates based on the 90-day commercial paper rate; while the remaining 6.26% of the loans in the portfolio received SAP based on the 91-day U.S. Treasury Bill.

Brazos Higher Education Servicing Corporation (BHESC) will serve as the master servicer for the transaction. BHESC has entered into subservicing agreements with ACS Education Services, Inc., Chase Student Loan Servicing LLC, Great Lakes Educational Loan Services, American Education Services, Sallie Mae Servicing and Student Assistance Foundation to provide certain loan servicing duties for student loans held under the indenture.

Note: All figures are in U.S. dollars unless otherwise noted.