College Savings Consultants, Inc. and Automated Data Processing, Inc. (ADP) enter into consulting arrangement

Wellesley, Massachusetts - July 21, 2003: College Savings Consultants, Inc. (CSC) announced today a consulting arrangement reached between CSC and Automated Data Processing (ADP) for a full range of consulting services focused on workplace 529 college savings plans. CSC will provide educational materials and content for ADP's 529 college savings plan public web site, as well as providing ADP sales force support in the form of webcasts, educational videos and marketing materials.

"The tax advantages and flexibility of 529 plans offer participants a tremendous investment opportunity, particularly when you consider that college expenses have steadily increased at a rate of 5% to 7% annually," says Richard Feigenbaum, President of College Savings Consultants, an industry thought leader and author of the book 529 College Savings Plan: The Smart Way to Fund College Education. According to Feigenbaum, "ADP, as an industry leader in integrated business administrative solutions, is particularly well suited to bring the 529 college savings plan to corporate America as a voluntary employee benefit."

About CSC

College Savings Consultants, Inc. ("CSC") is an independent consulting firm based in Wellesley, Massachusetts, focusing exclusively on Section 529 College Savings Plans. Founded by Richard A. Feigenbaum, author of 529 College Savings Plan: The Smart Way to Fund College Education, published by Sourcebooks, CSC provides consulting services to Financial Institutions, 529 Plan Managers, Broker Dealers, Financial Advisors and Employee Benefit Managers to develop strategies and solutions for their 529 plan products and offerings. CSC's web based tool: www.529insight.com, provides a complete end-to-end education and implementation solution for 529 Plans. This system combines 529 Plan educational materials, legislative updates, comprehensive information about all available 529 Plans and comparative analysis capabilities for 529-plan investments.

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