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FOR IMMEDIATE RELEASE

StuFund Joins Forces with Lehman Brothers

Liberty Corner, NJ – April 17 2007

Student Funding Group, LLC (StuFund), the national student loan provider, and Lehman Brothers announced today that they have entered into a strategic partnership. This partnership provides StuFund with working capital as well as a warehouse line of credit and gives Lehman Brothers a minority stake in StuFund.

“We look forward to working with StuFund to assist students who might not otherwise be able to finance their education,” said David Sherr, managing director and head of Global Securitized Products, Lehman Brothers. “This partnership enables Lehman Brothers to leverage our origination capabilities and capital markets expertise alongside a dedicated and innovative industry participant in the field of higher education lending.”

The partnership is a perfect synergy with the commitment Lehman Brothers has made in education through its most recent acquisition of Campus Door, Inc., a company that provides alternative student loans. Lehman Brothers’ investment in StuFund will help StuFund reach its goal of becoming a major player in the student loan origination space.

“We are very excited about this partnership as the Lehman Brothers brand brings a tremendous platform from which to grow,” said Sergio Sotolongo, StuFund Chairman and CEO. “Lehman Brothers is fully committed to this business and we look forward to growing with them.”

About StuFund

StuFund is a minority business enterprise in the educational loan space. It is built on the philosophy that each and every student can and should have access to funding for quality higher education. The company’s mission is to provide loans, particularly for students who could not afford college without such financing, and to support and guide families through the financial aid process. In addition to offering educational loans for undergraduate and graduate schools and college loan consolidation, StuFund’s Knowledge Center provides expert advisement to the public on college admissions and financial aid. It hopes to address the fact that many students do not have sufficient access to college advisement in their schools. Through partnerships with Universities, Corporations, and Non Profit Organizations, StuFund hopes to educate the public about the college application process and financing options. More information is available at www.stufund.com.

About Lehman Brothers

Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in investment banking, equity and fixed income sales, trading and research, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. For further information about Lehman Brothers’ services, products and recruitment opportunities, visit the Firm’s Web site at www.lehman.com.