DBRS Finalizes Ratings of Brazos Student Finance Corp., 1995 Trust, Series 2006; Rates Series 1997

Dominion Bond Rating Service (DBRS) has today finalized the 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

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

DBRS has also rated the Trust’s Student Loan Asset-Backed Notes, Series 1997A-2 at AAA and the Series 1997B-1 at “A” (collectively, the 1997 Notes). The 1997 Notes were originally issued on December 11, 1997, and have interest indexed to one-month LIBOR.

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.