Exeter Educational Management Systems Becomes a Sallie Mae Solutions Company.

New Alliance Offers Broad Range of Software and Services to Higher Education

CAMBRIDGE, Mass., Oct. 25 /PRNewswire/ -- Exeter Educational Management Systems, Inc.(R), provider of the leading student administration software systems for higher education, today announced that it has been acquired by Sallie Mae Solutions, a division of Sallie Mae, Inc. (NYSE: SLM). Sallie Mae Solutions was recently created to deliver business systems software and outsourcing services to colleges and universities nationwide. Sharing a total focus on education, Exeter and Sallie Mae Solutions will now be able to provide higher education with a broad range of software solutions and business services.

Exeter Educational Management Systems develops, implements, and supports Exeter Student Suite,(TM) a complete set of high-function, fully integrated student administration systems. The Web-enabled software solution supports admissions and recruiting through alumni development, allowing colleges and universities to provide a higher level of customer service to prospects and applicants, students, administrative staff, faculty, and alumni.

The company will continue to deliver Exeter Student Suite to higher education institutions as a comprehensive student information system, with integrated applications supporting admissions and recruiting, financial aid, registration and student records, student housing, student billing, career services, and alumni development.

In addition, Exeter will expand its information technology services to include hosting its software as an Application Service Provider (ASP), enabling customers to run Exeter's software products exclusively over the Web. Colleges and universities have the further option of outsourcing their business processes to Sallie Mae Solutions, which offers higher education a low-cost, efficient alternative for operating administrative and financial management systems.

"We are excited about the alliance of Exeter and Sallie Mae Solutions because it unites two companies with a common mission and a common strength -- a complete dedication to education," according to Jonathan Kutchins, president of Exeter Educational Management Systems. "This new relationship allows us to offer our customers a new and greatly expanded range of services, while retaining our longstanding commitment to higher education."

Sallie Mae Solutions, a new division of Sallie Mae, provides business processing, technical, and software solutions to higher education. Sallie Mae, Inc., based in Reston (VA), is the leading source of funds, account servicing, and other operational support services for federally-insured student and parent loans, offering a variety of financial services to all segments of the higher education credit delivery system, including lenders, schools, and students.

About Exeter

Founded in 1984, Exeter Educational Management Systems, Inc. is dedicated exclusively to higher education and is the nation's fastest-growing provider of student administration software systems for colleges and universities. Exeter provides solutions based on Microsoft(R) and Oracle(R) technology, and currently supports more than 70 institutions throughout the United States and internationally. For more information about Exeter, please visit www.exeter.com.

About Sallie Mae

Sallie Mae, founded 26 years ago, provides funds for educational loans, primarily federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP), from banks and other lenders. The company currently owns or manages student loans for 5.3 million borrowers. Through its specialized subsidiaries and divisions, Sallie Mae also provides an array of consumer credit loans, including those for life-long learning and K-12 education, and business and technical outsourcing services for colleges and universities nationwide. More information about Sallie Mae is available at www.salliemae.com.

Exeter Educational Management Systems, Exeter Student Suite, Microsoft, and Oracle are registered trademarks.