KnowledgeFunding Ohio to Solicit Separate Consents to Amend Student Loan Revenue Bond Indenture

CINCINNATI, May 4 /PRNewswire/ -- KnowledgeFunding Ohio, Inc. (the "Corporation") announced today that, in connection with its previously announced consent solicitation and cash tender offer (the "Offer") for certain student loan revenue bonds, it is amending the terms of the consent solicitation to permit bondholders to deliver their consents to the proposed amendments to the related Master Trust Indenture without tendering bonds for purchase by the Corporation. Bondholders interested in delivering their consents without tendering bonds should contact Bondholder Communications Group, the Information and Tender Agent for the Offer, at 1-888-385-BOND for the necessary form and instructions.

The Offer applies to the following series of the Corporation's outstanding student loan revenue bonds: Senior Series 2005A-1 Bonds, Senior Series 2005A-2 Bonds, Senior Series 2005A-3 Bonds, and Subordinate Series 2005C-1 Bonds, all issued on December 21, 2005 and Senior Series 2006A-1 Bonds, Senior Series 2006A-2 Bonds, Senior Series 2006 A-3 Bonds, and Subordinate Series 2006C-1 Bonds, all issued on December 20, 2006 (collectively, the "Bonds").  The Offer is made pursuant to the Consent Solicitation Statement and Offer to Purchase, dated April 12, 2010 (the "Statement"), that was previously distributed to holders of the Bonds, as amended.  The Corporation will not pay any consideration to bondholders or beneficial owners of Bonds for the delivery of any consent that is not made in connection with the tender of the related Bonds.

Holders are urged to read the Statement in its entirety before making any decision with respect to the Offer.  Questions regarding the Statement should be directed to J.P. Morgan Securities Inc., the Dealer Manager for the Offer, at (212) 834-5435. Copies of the Statement and the separate consent form may be obtained by contacting:

Information and Tender Agent

Bondholder Communications Group

Attention:  Karen Foster

30 Broad Street, 46th Floor

New York, New York 10004

Telephone toll-free: 1-888-385-BOND (1-888-385-2663)

E-Mail:  [email protected]

Web Site: http://www.bondcom.com/kfo

SOURCE KnowledgeFunding Ohio, Inc.