DBRS Assigns Provisional Ratings to Brazos Student Finance Corp., 1995 Trust, Series 2006

Dominion Bond Rating Service (DBRS) has today assigned provisional ratings of AAA through “A” to the Student Loan Asset-Backed Notes, Series 2006 (the 2006 Notes), issued by Brazos Student Finance Corp. 1995 Trust (the Trust) indenture as follows:

-- $50,000,000 Series 2006A-1 at AAA
-- $76,500,000 Series 2006A-2 at AAA
-- $76,500,000 Series 2006A-3 at AAA
-- $76,500,000 Series 2006A-4 at AAA
-- $76,500,000 Series 2006A-5 at AAA
-- $45,000,000 Series 2006B-1 at A

Finalization of the ratings is contingent upon receipt of final documents conforming to information already received.

The 2006 Notes are expected to be issued on December 7, 2006. The 2006A-1 notes will be offered as taxable seven-day auction-rate notes and the 2006A-2 through B-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.

At closing, the collateral pool will consist of (1) federal loans originated under the Federal Family Education Loan Program (FFELP) and reinsured by the U.S. Department of Education; (2) federal loans originated under the Health Education Assistance (HEAL) Program and guaranteed by the Secretary of Health and Human Services; (3) alternative, or private, loans guaranteed by The Education Resources Institute (TERI) or (4) alternative, or private, loans that are neither insured nor guaranteed. As of the statistical cut-off date of September 30, 2006, 91.56% of the loans in the portfolio are FFELP Consolidation loans and 5.61% of the loans are private loans.

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