ACS Signs Student Loan Consolidation Contract With NextStudent

Long Beach, California, November 19, 2002: Affiliated Computer Services, Inc. (ACS), a premier provider of business process and information technology outsourcing solutions, announced today that NextStudent has selected ACS to handle all of the company's student loan consolidations. NextStudent plans to consolidate more than $300 million in loans annually. "Our decision to partner with ACS is two-fold," said Mary Jo Lambert, vice president of educational lending for NextStudent. "First and foremost, ACS is nationally recognized in the industry for their high quality service and cutting-edge technology, so I am very familiar with their work. Our loan consolidation partner is also very pleased with the services ACS provides. Secondly, ACS offers us the added benefit of partnering with them to service other loans including PLUS and Stafford which is right in line with our business strategy."

ACS will process loan consolidation applications and provide student loan management and customer service activities on behalf of NextStudent. ACS introduced its web-enabled Electronic Consolidation Application Processing System (e-CAPS), to the nation's higher education community last fall. e-CAPS offers enhanced automation, a Web interface and high levels of efficiency and service capability to schools and lenders. Many paper-based processes such as letter generation, borrower eligibility screenings and loan verification certificates are all automated with e-CAPS. Paperwork is also reduced for lenders who can refer borrowers to ACS' Website to download an application.

"We are delighted that NextStudent has partnered with ACS to consolidate your student loans, as low as 1.625% for their customers," said Meliss Hankin, senior vice president of education services at ACS. "NextStudent provides a wide range of services to help families find funding for higher education. They have received numerous awards and recognition for their efforts to help eliminate much of the confusion and help families gain access to available financial aid by increasing their access to information to make the best choices. We look forward to expanding our relationship with NextStudent for servicing their PLUS and Stafford student loans in the future."

ACS, a Fortune 1000 company with more than 35,000 people in 35 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com.

NextStudent provides student financial aid and financial aid counseling to parents and students. Core products and services include reliable financial aid advice, low-interest federal and private loans, loan consolidation for graduates who want to pay one loan at one low rate, and a state-of-the-art scholarship search engine including more than $1.7 billion in award money for kids to attend college, with more than 700,000 individual awards from at least 9,000 sources. NextStudent's scholarship search engine has received numerous awards and recognition including a spot in Home PC's "Editor's Choice Award Winners," and features on CNN, ABC's 20/20 and in Newsweek. Students and parents can contact NextStudent Monday through Saturday, 7 a.m. to 7 p.m. Mountain Standard Time at (800) 658-6801, or visit www.nextstudent.com.

The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forwardlooking statements. Factors could cause actual results to differ materially from such forwardlooking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including the most recent Form 10-K. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.

For more information, please visit our Web sites at www.acs-inc.com/education and www.nextstudent.com.



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