Fitch Affirms Wachovia Student Loan Trust Series 2006-1 Senior Notes

NEW YORK--(Business Wire)--
Fitch Ratings affirms the senior student loan notes of the Wachovia Student Loan
Trust (WSLT) Series 2006-1, issued under the 2006 Trust Indenture, dated June 1,
2006. The Rating Outlook remains Stable. The trust has sufficient credit
enhancement for the senior notes with senior parity at 104.05% as of April 26,
2010 and increasing. A complete list of rating actions follows at the end of
this release.

Fitch's Global Structured Finance Rating Criteria were used to review the
ratings, and the affirmation is based on the performance of the trust in line
with the expectations outlined therein. The Outlook remains Stable because, with
the buildup of parity for the senior notes, the ratings are expected to remain
stable for the next two years. The subordinate student loan note will be
reviewed separately upon the completion of the updated basis risk analysis.

The collateral supporting the WSLT 2006-1 notes consists entirely of federally
guaranteed student loans originated under the Federal Family Education Loan
Program (FFELP). FFELP loans are guaranteed at least 97% of principal and
accrued interest, depending on the loan origination date. The loans are serviced
by the Wachovia Education Finances, Inc., ACS Education Services, Inc. and
American Education Services, Inc.

Fitch affirms the ratings with a Stable Outlook on the following senior classes
of the WSLT 2006-1 notes, issued under the 2006 Trust Indenture:

--Class 2006-1 A-3 at 'AAA/LS1'; Outlook Stable;

--Class 2006-1 A-4 at 'AAA/LS1'; Outlook Stable;

--Class 2006-1 A-5 at 'AAA/LS1'; Outlook Stable;

--Class 2006-1 A-6 at 'AAA/LS1'; Outlook Stable.

The following applicable criteria report is available on Fitch's web site at
'www.fitchratings.com':

--'Global Structured Finance Rating Criteria' (Sept. 30, 2009).

Additional information is available at 'www.fitchratings.com'.

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.

Fitch Ratings, New York
Jeff Prackup, +1-212-908-0839
Aoto Kenmochi, +1-212-908-0867
Media Relations
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

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