Liberty Mutual Partners with EduCap Inc. To Offer Outstanding Student Loan Program

WASHINGTON, June 28, 2005 - Liberty Mutual Group, one of America 's leading providers of fine insurance products, today announced that it is partnering with EduCap Inc. to offer its employees, retirees and their families access to affordable higher education financing through EduCap's new Loan to Learn® Program.

EduCap, the award-winning not-for-profit organization that pioneered the concept of private student lending, has helped hundreds of thousands of students turn their education dreams into reality. With Loan to Learn, EduCap has drawn on its massive student loan experience to create a superb program with all the features that every borrower wants.

Catherine B. Reynolds, Chairman and CEO of EduCap, is delighted at the prospect of partnering with Liberty Mutual. “We're very excited to be offering Loan to Learn to Liberty Mutual's employees, retirees and their families,” Reynolds said. “Despite soaring college attendance costs, they'll find that with Loan to Learn, paying for school doesn't have to be a huge challenge. It's a program that works with the financial rhythm of the family – one with easy monthly payments and flexible terms to fit real-world lifestyles.”

Loan to Learn is designed to be a complete higher education financing source, offering not only unsecured, credit-based private loan products, but need-based federal student loans as well. As an added bonus, Liberty Mutual's past and present workers and their family members will have access to a customized Loan to Learn website with a host of free planning tools and calculators to help them plot a winning college financing strategy.

EduCap Inc., a Washington, D.C. not-for-profit organization with a mission to promote an educated citizenry through its Loan to Learn program, pioneered the credit-based student loan industry by creating the very first nationwide privately-funded loan program. EduCap Inc. has disbursed billions of dollars in education loans to students and their families since it's founding nearly 20 years ago.

For more information, log on to www.loantolearn.com or call toll-free 1-800-TO-LEARN or 1-800-865-3276.