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CAPITAL HOLDING ACQUIRES COLLEGE STUDENT FINANCING BUSINESS FROM KNIGHT TUITION PAYMENT PLANS

 LOUISVILLE, Ky., May 11 /PRNewswire/ -- Capital Holding Corporation (NYSE: CPH) today announced that it is acquiring Knight Tuition Payment Plans of Boston, MA. Knight, with revenues of approximately $8 million in 1992, has been a leader in providing financing programs for college students and their families for 40 years. Terms of the agreement were not disclosed.
 "The Knight business is a strategic complement to an existing Capital Holding initiative called College Resource Group, Inc., which helps families with college-bound children plan for college," said Duane Murner, president of College Resource Group. "Knight and our College Resource Group have similar objectives and rely on building strong relationships with families."
 "Financing a college education is a very real concern for young people and their parents," said Murner. "They are often overwhelmed by the costs and the process of applying for financial aid. In many cases, they don't know where to obtain information about financing options. We provide counseling to parents on how to evaluate their options and can arrange for a variety of financing methods to assist."
 Knight Tuition Payment Plans began with a concept of offering monthly payment plans to families of students through the college or university they plan to attend. Knight has established and maintained sponsoring relationships with approximately 300 independent secondary schools and more than 1,000 colleges throughout the United States, and offers financing programs. Knight Tuition Payment Plans disburse more than $500 million to colleges and universities each year.
 Capital Holding's College Resource Group primarily offers services to families through corporate employers and association sponsors. Through seminars and a toll-free telephone information line, College Resource Group helps families select appropriate colleges, estimate their expected family contribution to college expenses (based on federal guidelines), assist families in evaluating various aid and financing options, and in applying for loans or monthly tuition payment plans. This service is part of what some corporations call "family-friendly" benefit programs, a new generation of company-sponsored, high visibility benefits dealing with employee anxieties about family issues.
 David Knight, chairman of Knight Tuition Payment Plans, said, "This is a very positive next step for the business we have built. I am confident that Capital Holding's College Resource Group will continue to maintain and improve the relationships we've established with so many schools, colleges and universities and with the thousands of families who rely on us to help them with one of their most important financial responsibilities -- the education of their children."
 Capital Holding Corporation, with $21.8 billion in assets, is a leading provider of consumer financial services including insurance, consumer loan and annuity and pension products. The corporation offers these and other financial services and products primarily through agents, direct-marketing media and investment professionals. Its common stock is listed on the New York and Pacific stock exchanges under the ticker symbol CPH; its Series F preferred stock is listed on the New York Stock Exchange as CPHF.
 -0- 5/11/93
 /CONTACT: Bonnie Otto, 502-560-3019, or Michael Bateman, 502-560-2723, both of Capital Holding Corporation/
 (CPH)


CO: Capital Holding Corporation; Knight Tuition Payment Plans ST: Kentucky, Massachusetts IN: INS SU: TNM

CM -- CHOO7 -- 7038 05/11/93 11:56 EDT
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Publication:PR Newswire
Date:May 11, 1993
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