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ASF Investor Presentation January 27 - 30, 2013

ASF Investor Presentation January 27 - 30, 2013. Access Group, Inc. Delaware non-stock corporation organized to promote access to legal and other higher education through affordable financing and related services.

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ASF Investor Presentation January 27 - 30, 2013

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  1. ASF Investor Presentation • January 27 - 30, 2013

  2. Access Group, Inc. Delaware non-stock corporation organized to promote access to legal and other higher education through affordable financing and related services. Membership organization, whose members are comprised of 192 state-operated and nonprofit ABA-approved law schools. Tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code.

  3. Access Group History Access Group, then Law Access, Inc. was spun off from the Law School Admissions Counsel (“LSAC”) in 1993 after the success of the Law School Assured Access Program. The program directed law students to FFELP and, after recognition that federal loans were insufficient for current law student funding needs, private student loans. Access to other graduate and professional disciplines was added in 1994 and the company changed its name to Access Group, Inc. to reflect its broader target market. Beginning in 1998, Access Group moved from providing marketing and origination services for graduate student loans to becoming a loan holder of both FFELP and Private loans. An internal servicing department was added in July 2004, and Access Group achieved the status of a full service student loan organization.

  4. Recent Developments Access Group Realignment Following the beginning of the current economic downturn Access Group suspended its Private Loan program in 2008, as warehouse and term funding liquidity became scarce and prohibitively expensive. The introduction of the Graduate PLUS loan in 2006 also had diminished the demand for private loans in the graduate and professional segment. Origination/Servicing/Administration services were provided to several facilities to provide for new income streams after the Private Loan program was suspended. FFELP program was terminated as of July 1, 2010. Decision to realign the business model to focus on the current portfolio was made in 2011. Origination and Servicing platforms were discontinued; administration, Sales/Marketing and private loan collection functions were maintained.

  5. Recent Developments Servicing of the $7.3 billion Access Group loan program was transferred to ACS (now “Xerox Education Services”), a servicer with substantial FFELP and Private student loan experience and a strong financial profile. Total of $8 billion of loans (215 thousand borrowers with 600 thousand loans) were successfully transferred to Xerox and other servicers between December 2011 and April 2012. Access Group continues to realize substantial income from residual and administrative draws on its ABS trusts, and from providing investor reporting and other services to various third party facilities. Fitch, Standard & Poor’s and Moody’s affirmed ratings based on Xerox’s historical servicing performance and credit strength prior to the conversion to Xerox. Access Group Servicing Transfer

  6. Recent Developments Access Group’s strategy is to maximize the profitability of the current student loan portfolio while continuing to promote access to legal and other graduate education funds. Strategic goals include: Continuing to build liquidity while maintaining internal resources needed to re-enter student lending as the need arises for its targeted borrowers Support new initiatives related to legal education research and study Maintain and enhance current services provided to the graduate community including the Access Group Graduate and Professional Financial Aid conference and the Need Access program Increase the Company’s influence on the current public dialogue about legal education and other higher education goals through interaction with Higher Education, Congress, and other constituents Access Group Strategy and Mission

  7. Net Assets Net AssetsFiscal Year Ended 3/31 *6 months ending fiscal 2013 (calendar Sep-12)

  8. Origination Volume

  9. Portfolio by Loan Type (as of 12/31/12)

  10. Access Group Asset Backed Securitization Program

  11. Prepayment – FFELP Portfolio FFELP prepayments since June-02 (excludes Straight A)

  12. Prepayment – Private Loan Portfolio

  13. Employment/Earnings by Degree

  14. Investor Website Quick and easy access to portfolio data Ability to analyze collateral within ABS transactions on a discrete or multiple deal basis Every servicer report published since 2000 in PDF or Excel format Prepayment rates by trust Most recent three years of audited financial statements Offering Memoranda from prior deals

  15. Investor Website AccessGroup.Org/Investors

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