Fitch Ratings affirms the following ratings for Access Group, Inc. under the 2002 Indenture of Trust (Access Group 2002):

--Senior student loan asset-backed notes at 'AAAsf';

--Subordinate student loan asset-backed notes at 'Bsf'.

A detailed list of affirmed ratings appears at the end of the press release.

The collateral supporting the notes is comprised of student loans originated under the Federal Family Education Loan Program (FFELP). The Rating Outlook remains Negative for the senior notes and Stable for the subordinate notes. The Negative Outlook on the senior notes is tied to the outlook on the U.S. sovereign rating.

Fitch utilized its 'Global Structured Finance Rating Criteria,' and 'Rating U.S. Federal Family Education Loan Program Student Loan ABS' to review the ratings.

The rating affirmations are based on the sufficient level of credit enhancement to cover the applicable risk factor stresses. Credit enhancement consists of any combination of overcollateralization and projected minimum excess spread. In addition, the senior notes also benefit from subordination provided by the class B notes.

Fitch has affirmed the following ratings and corresponding Outlooks:

Access Group, Inc. Federal Student Loan Asset-Backed Notes, issued under the 2002 Indenture of Trust:

--2002-1 A-2 at 'AAAsf'; Outlook Negative;

--2002-1 A-3 at 'AAAsf'; Outlook Negative;

--2002-1 A-4 at 'AAAsf'; Outlook Negative;

--2003-1 A-2 at 'AAAsf'; Outlook Negative;

--2003-1 A-3 at 'AAAsf'; Outlook Negative;

--2003-1 A-4 at 'AAAsf'; Outlook Negative;

--2003-1 A-5 at 'AAAsf'; Outlook Negative;

--2003-1 A-6 at 'AAAsf'; Outlook Negative;

--2004-1 A-1 at 'AAAsf'; Outlook Negative;

--2004-1 A-2 at 'AAAsf'; Outlook Negative;

--2004-1 A-3 at 'AAAsf'; Outlook Negative;

--2004-1 A-4 at 'AAAsf'; Outlook Negative;

--2004-1 A-5 at 'AAAsf'; Outlook Negative;

--2002-1 B at 'Bsf'; Outlook Stable;

--2003-1 B at 'Bsf'; Outlook Stable;

--2004-1 B at 'Bsf'; Outlook Stable.

Additional information is available at www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (Aug. 13, 2010);

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS' (April 7, 2011).

--'U.S. FFELP Student Loan ABS Surveillance Criteria' (May 10, 2011).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569

Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675202

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.