NEW YORK (Standard & Poor's) July 12, 2006--Standard & Poor's Ratings Services today assigned its 'AAA' rating to Vermont Student Assistance Corp.'s $175.25 million education loan revenue bonds series 2006TT, 2006UU, and 2006VV (see list). The ratings on the bonds are based primarily on a financial guarantee insurance policy issued by Ambac Assurance Corp. ('AAA' insurer financial enhancement rating) that guarantees payment of principal and interest on the bonds, and overcollateralization 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 a nonprofit public corporation organized according to the
