Regent and Vangent Form Strategic Alliance

Financial Aid System Experts Join Forces to Design and Deliver End to End Solutions

Frederick, MD July 18, 2007 – Regent Education, the leading provider of financial aid management software solutions for higher education institutions, today announced it has formed a strategic alliance with Vangent, Inc. a leading global provider of information management and business process outsourcing services to government, commercial, education and healthcare organizations.

Together, Vangent and Regent bring over 60 years of combined experience providing Higher Education and Student Financial Aid organizations with information processing systems and services. The Regent and Vangent partnership will focus on designing and delivering custom financial aid management systems for large scale, multi-site-client environments.

“We’re excited to partner with Regent to provide effective and innovative financial aid management solutions for higher education and local government organizations that require optimal operational efficiency and superior customer service,” said Mac Curtis, President and CEO, Vangent, Inc. “Together, Vangent and Regent are ideally positioned to serve the growing financial aid management industry.”

Regent’s leading financial aid solution, Regent Enterprise, is made up of four components: The Executive Dashboard, Financial Aid Management automated workflow, integrated Regent Imaging, and the multi-lingual Student Financial Aid Self Service Portal. The unprecedented range of monitoring, reporting and analyzing capabilities that Regent Enterprise enables helps institutions make faster, smarter operational and strategic decisions to achieve enrollment, compliance and student access goals. All this comes together to form a scalable, flexible solution that supports all types of institutions -- traditional and non traditional; term and non-term; single campus and multi-campus.

“Vangent and Regent have been building financial aid management solutions for half a century” said Mike Ratti, Regent’s CEO. “Combining the companies’ efforts provides the marketplace with the expertise and experience to support large mission critical financial aid solution deployments” added Ratti.

About Regent

With more than 30 years of financial aid software experience, Regent has become an industry-leading provider of financial aid management software. Our web-based, easy-to-use solutions interoperate with and enhance any student information system. The result: greater efficiencies, error reduction, and the enhancement of service provided to students - all equating to a positive, measurable Return on Investment (ROI) within the first year. Regent software automates and streamlines key financial aid processes, such as packaging, awarding, tracking, reporting and disbursements. Designed and built for the financial aid and enrollment management community, Regent enables institutions to execute their financial aid strategy, and enables the 21st century student to access information - anytime, anywhere, any device, in any language. Regent Education is located at: 47 E. South Street, Suite 201, Frederick, MD 21701. Telephone: (800) 639-0927. Web site: www.regenteducation.com. For more information, email press@regenteducation.com.

About Vangent, Inc.

With over 5,000 employees worldwide, Vangent, Inc. is a leading global provider of Consulting, Systems Integration, Human Capital Management and Business Process Outsourcing services to the U.S. federal and international governments, higher education institutions and corporations. Clients include the Centers for Medicare & Medicaid Services, the U.S. Departments of Education, Health and Human Services, Justice and Labor; the Equal Employment Opportunity Commission and the U.S. Office of Personnel Management, as well as Fortune 500 companies.