X0202 4 2005-02-15 0 0001286686 COLLEGIATE FUNDING SERVICES INC CFSI 0001297191 Reeves John A COLLEGIATE FUNDING SERVICES 10304 SPOTSYLVANIA AVENUE FREDERICKSBURG VA 22408 0 1 0 0 EVP, Government Relations Common Stock 2005-02-15 4 P 0 600 14.57 A 24223 D Common Stock 2005-02-15 4 P 0 400 14.63 A 24623 D Common Stock 2005-02-15 4 P 0 800 14.67 A 25423 D Common Stock 2005-02-15 4 P 0 900 14.60 A 26323 D Common Stock 2005-02-15 4 P 0 375 14.61 A 26698 D /s/ Charles J. Payne, attorney-in-fact 2005-02-16