NEW YORK (Standard&Poor's) June 19, 2007--Standard&Poor's Ratings Services today assigned its 'AAA' rating to Vermont Student Assistance Corp.'s $69.45 million senior series 2007WW, $69.45 million senior series 2007XX, and $91.1 million senior series 2007YY education loan-revenue bonds. The ratings reflect: -- The financial guarantee insurance policy issued by Ambac Assurance Corp. ('AAA' insurer financial enhancement rating) that guarantees payment of principal and interest on the bonds; -- Overcollateralization; -- The debt service reserve account; and -- Excess spread within the trust. Proceeds from this issuance will be used to provide funds to make or acquire education loans, make a deposit to the debt service reserve account, and pay costs of issuance. Vermont Student Assistance Corp. is
