X0202 4/A 2004-07-21 2004-07-23 0 0001286686 COLLEGIATE FUNDING SERVICES INC CFSI 0001297193 Vassallo Mark F COLLEGIATE FUNDING SERVICES 100 RIVERSIDE PARKWAY FREDERICKSBURG VA 22406 1 0 0 0 Common Stock 2004-07-21 4 P 0 0 16.00 A 0 D This filing is a correction to the Form 4 filing that was made on July 23, 2004. A purchase of CFSI common stock on July 21, 2004 was reported on July 23, 2004 as 1000 shares. 1000 was the number of shares that Mr. Vassallo had reserved under a Reserved Share Purchase Program in conjunction with the CFSI initial public offering. In fact, Mr. Vassallo purchased none of the reserved shares of CFSI common stock. /s/ Charles J. Payne, attorney-in-fact 2004-07-26