Fitch Rates EdInvest Company's Senior Series 2006A-1.

NEW YORK -- Fitch Ratings assigns the following ratings to the $57 million EdInvest Company student loan asset-backed notes:

--$57,000,000 senior series 2006A-1 'AAA';

Fitch also confirms the following ratings:

--$98,400,000 senior series 2003A-1 at 'AAA';

--$17,300,000 subordinate series 2003B-1 at 'A';

--$90,800,000 senior series 2004A-1 at 'AAA';

--$11,000,000 subordinate series 2004B-1 at 'A';

--$98,300,000 senior series 2005A-1 at 'AAA';

--$14,100,000 subordinate series 2005B-1 at 'A'.

The ratings are based on the quality of the student loan portfolio, the credit enhancement provided, and the sound legal structure. The ratings address the ability of the trust to pay note principal at maturity and pay timely interest. The ratings do not address the ability of the trust to pay carry-over interest, nor do they address the ability of auction rate noteholders to successfully redeem their notes at an auction now or in the future.

The senior series 2006A-1 notes are issued under an Amended and Restated Indenture of Trust dated June 1, 2006 between EdInvest and U.S. Bank N.A. The proceeds of the senior series 2006A-1 notes will be used to purchase student loans, pay accrued interest and premiums, make deposits to the acquisition and reserve funds, and to pay the costs of issuance.

The senior series 2006A-1 notes are taxable, 28-day auction rate securities with interest payable on the first business day following an auction period. The legal final maturity date is June 1, 2042.

The collateral securing the notes consists of Federal Family Education Loan Program (FFELP) student loans and private Resource loans and Education Investment Company, L.L.C. (EIC) program loans. The FFELP loans are guaranteed at least 97% by an eligible guarantor and are reinsured by the U.S. Department of Education. The Resource Program Loans are credit-tested loans originated by a program managed by PNC Bank, N.A. The EIC loans are marketed by Education Investment Company, L.L.C., and originated by Richland Loan Processing Center, Inc. The EIC loans are made to U.S., Canadian, and qualifying foreign citizens who are enrolled in approved medical, chiropractic and veterinary schools.

EdInvest Company is a Texas non-profit corporation. Its principal office is located in Waco, TX. EdInvest Company is authorized to provide funds for the acquisition of student loans and other charitable and educational purposes.

Brazos Higher Education Service Corporation, Inc. is the master servicer for the trust and will oversee the operational duties of the subservicers. The subservicers for the FFELP portfolio are ACS Education Services, Inc., CFS-SunTech Servicing LLC, Great Lakes Educational Loan Services, Inc., Kentucky Higher Education Student Loan Corporation, Pennsylvania Higher Education Assistance Agency, and Sallie Mae Servicing L.P. The alternative student loans will be subserviced by ACS Education Services, Inc., Great Lakes Educational Loan Services, Inc., Pennsylvania Higher Education Assistance Agency, and Sallie Mae Servicing L.P.

Citigroup is the lead underwriter on this transaction.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.