Document:

<PAGE>
                                                                  EXHIBIT 10.132

================================================================================

                   FIRST AMENDMENT TO BROKER-DEALER AGREEMENT

                                     between

                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                as Auction Agent,

                                       and

                         BANC OF AMERICA SECURITIES LLC,
                                as Broker-Dealer

                                   Relating to

                                    Emt Corp.
                  Student Loan Asset Backed Auction Rate Notes
                     $49,000,000--2000-I Senior Series A-21
                     $49,000,000--2000-I Senior Series A-22

                           Dated as of October 1, 2003

================================================================================
<PAGE>

         THIS FIRST AMENDMENT TO BROKER-DEALER AGREEMENT dated as of October 1,
2003 (this "Amendment") between DEUTSCHE BANK TRUST COMPANY AMERICAS (together
with its successors and assigns, the "Auction Agent"), appointed as such
pursuant to the provisions of a Trust Agreement dated as of May 15, 1998 (the
"Trust Agreement") as amended and supplemented to June 1, 2000, by the Fifth
Terms Supplement dated as of June 1, 2000 (the "Fifth Terms Supplement" and the
Trust Agreement, as so amended and supplemented, referred to herein as the
"Trust Agreement") between Zions First National Bank (successor to Bank One
Trust Company, N.A.) (the "Trustee"), as trustee and EMT Corp. (the "Issuer")
pursuant to authority granted to it in the Auction Agency Agreement between the
Trustee and the Auction Agent hereinafter defined, and BANC OF AMERICA
SECURITIES LLC (together with its successors and assigns hereinafter referred to
as "BD").

         The Issuer has previously issued $636,000,000 aggregate principal
amount of its Student Loan Asset-Backed Auction Rate Notes consisting of
$98,000,000--2000-I Senior Series A-16, $98,000,000--2000-I Senior Series A-17,
$98,000,000--2000-I Senior Series A-18, $98,000,000--2000-I Senior Series A-19,
$98,000,000--2000-I Senior Series A-20, $49,000,000--2000-I Senior Series A-21,
$49,000,000--2000-I Senior Series A-22 and $48,000,000--2000-I Senior
Subordinate Series B-3, of which the BD will act as Broker-Dealer with respect
to the Series A-21 and Series A-22 Notes (such Series A-21 and Series A-22 Notes
hereinafter referred to as the "Auction Rate Notes" or the "ARN"). The ARN have
been issued pursuant to the Trust Agreement.

         The Auction Procedures set forth in the Auction Agency Agreement and
the Trust Agreement to satisfy such requirement require the participation of one
or more Broker-Dealers and the parties hereto have previously entered into a
Broker-Dealer Agreement dated as of October 15, 2002 (the "Original BD
Agreement").

         Pursuant to Section 4.06 of the Original BD Agreement, the parties
hereto hereby desire to amend the Original BD Agreement by execution of this
Amendment as described below.

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Auction Agent, as agent of the Trustee, and BD
agree as follows:

                                    ARTICLE I

                           TERMS DEFINED BY REFERENCE

         Capitalized terms not defined herein shall have the respective meanings
specified in or pursuant to the Trust Agreement, the Original BD Agreement and
the Auction Agency Agreement.

                                   ARTICLE II

             AMENDMENTS TO SECTION 2.05 OF THE ORIGINAL BD AGREEMENT

         Section 2.05 of the Original BD Agreement is herby amended and restated
in its entirety as follows:

<PAGE>

                           SECTION 2.05.  SERVICE CHARGE TO BE PAID TO BD.

                                    (a) On the first Business Day in the month
                           of December 2002 and, thereafter, on the first
                           Business Day of each month during the term of this
                           Agreement, the Auction Agent shall pay to BD from
                           moneys received from the Trustee pursuant to Section
                           3.5(b) of the Auction Agency Agreement, an amount for
                           each Series of ARN equal to the product of (i) a
                           fraction, the numerator of which is the number of
                           days in the preceding month and the denominator of
                           which is 365/366 days, as applicable; times (ii) the
                           Broker-Dealer Fee Rate; times (iii) the sum, on the
                           Auction Date for such Series of ARN during such
                           preceding month of (A) the aggregate principal amount
                           of the ARN placed by BD in such Auction that were (1)
                           the subject of Submitted Bids of Existing Note
                           Holders submitted by BD and continued to be held as a
                           result of such submission and (2) the subject of
                           Submitted Bids of Potential Note Holders submitted by
                           BD and purchased as a result of such submission; (B)
                           the aggregate principal amount of the ARN subject to
                           valid Hold Orders (determined in accordance with the
                           Fifth Terms Supplement) submitted to the Auction
                           Agent by BD; and (C) the principal amount of the ARN
                           deemed to be subject to Hold Orders by Existing Note
                           Holders pursuant to the Fifth Terms Supplement that
                           were acquired by such Existing Note Holders through
                           BD; provided, however, with respect to Notes with an
                           Auction Period of more than 35 days, the
                           Broker-Dealers shall be entitled to payment on the
                           first Business Day of the month immediately
                           succeeding each Auction Date for such Series and the
                           numerator referred to in Section 2.05(a)(i) shall be
                           the number of days in such Auction Period or the
                           Series Initial Period, as applicable. For purposes of
                           subclause (iii)(C) of the foregoing sentence, if any
                           Existing Note Holder who acquired ARN through BD
                           transfers those ARN to another person other than
                           pursuant to an Auction, then the Broker-Dealer for
                           the ARN so transferred shall continue to be BD;
                           provided, however, that if the transfer was effected
                           by, or if the transferee is, a Broker-Dealer other
                           than BD, then such Broker-Dealer shall be the
                           Broker-Dealer for such ARN. If for any reason an
                           Auction is not held on an Auction Date, there shall
                           be no Broker-Dealer Fee applicable with respect to
                           such Auction Date. The Broker-Dealer Fee shall be
                           payable solely out of amounts received by the Auction
                           Agent pursuant to the Fifth Terms Supplement.

                                    (b) The Broker-Dealer Fee Rate shall be the
                           prevailing rate received by broker-dealers for
                           rendering comparable services to others. The Auction
                           Agent shall advise the Trustee and the Issuer, at
                           their request, at least annually of such then current
                           prevailing rate. If the then current Broker-Dealer
                           Fee Rate is not equal to the prevailing rate, the
                           Trustee, at the direction of the Issuer, shall change
                           the Broker-Dealer Fee Rate pursuant to the terms of
                           the Auction Agency Agreement and shall notify the
                           Auction Agent and BD thereof. Any change in the
                           Broker-Dealer Fee

                                        2

<PAGE>

                           Rate shall be effective on the Auction Date next
                           succeeding such change. The Broker-Dealer Fee Rate
                           shall be 0.125 % per annum.

                                   ARTICLE III

                                  MISCELLANEOUS

         SECTION 3.01. ENTIRE AGREEMENT. This Amendment contains the entire
agreement between the parties relating to the subject matter hereof, and there
are no other representations, endorsements, promises, agreements or
understandings, oral, written or inferred, between the parties relating to the
subject matter hereof.

         SECTION 3.02. SEVERABILITY. If any clause, provision or section of this
Amendment shall be ruled invalid or unenforceable by any court of competent
jurisdiction, the invalidity or unenforceability of such clause, provision or
section shall not affect any remaining clause, provision or section hereof.

         SECTION 3.03. EXECUTION IN COUNTERPARTS. This Amendment may be executed
in several counterparts, each of which shall be an original and all of which
shall constitute but one and the same instrument.

         SECTION 3.04. GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

         SECTION 3.05. TERMINATION OF THIS AMENDMENT. This Amendment shall
expire on October 1, 2004 and each October 1 thereafter unless the fee described
in Section 2.05 of this Amendment is extended or modified for a subsequent year
by written notification from the Broker-Dealer to the Issuer and the Auction
Agent prior to each October 1. Any modification of the fee described in Section
2.05 of this Amendment shall be effective only upon execution of a letter
agreement or amendment to the Original Broker-Dealer Agreement executed by each
of the parties hereto.

                                        3

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to Broker-Dealer Agreement to be duly executed and delivered by their proper and
duly authorized officers as of the date first above written.

                                          DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                          as Auction Agent

                                          By     /s/ Linda Reale
                                             ___________________________________
                                          Name   Linda Reale
                                               _________________________________
                                          Title  VP
                                           ________________________________

                                          BANC OF AMERICA SECURITIES LLC
                                          Broker-Dealer

                                          By  /s/ Christopher G. Cronk
                                             ___________________________________
                                             Christopher G. Cronk, Managing
                                             Director

                                        4<PAGE>
                                                                  EXHIBIT 10.133

================================================================================

                   FIRST AMENDMENT TO BROKER-DEALER AGREEMENT

                                     between

                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                as Auction Agent,

                                       and

                         BANC OF AMERICA SECURITIES LLC,
                                as Broker-Dealer

                                   Relating to

                                  $175,000,000
                                    EMT Corp.
                         Student Loan Asset-Backed Notes
                             1999 Senior Series A-7
                             1999 Senior Series A-8
                             1999 Senior Series A-9

                           Dated as of October 1, 2003

================================================================================

<PAGE>

         THIS FIRST AMENDMENT TO BROKER-DEALER AGREEMENT dated as of October 1,
2003 (this "Amendment") between DEUTSCHE BANK TRUST COMPANY AMERICAS (successor
to IBJ Whitehall Bank & Trust Company) (together with its successors and
assigns, the "Auction Agent"), appointed as such pursuant to the provisions of a
Trust Agreement dated as of May 15, 1998 (the "Trust Agreement") as amended and
supplemented to September 1, 1999, by the Third Terms Supplement dated as of
September 1, 1999 (the "Third Terms Supplement" and the Trust Agreement, as so
amended and supplemented, referred to herein as the "Trust Agreement") between
Zions First National Bank (successor to Bank One Trust Company, N.A.) (the
"Trustee"), as trustee and EMT Corp. (the "Issuer") pursuant to authority
granted to it in the Auction Agency Agreement dated as of September 1, 1999
between the Trustee and the Auction Agent hereinafter defined, and BANC OF
AMERICA SECURITIES LLC (together with its successors and assigns hereinafter
referred to as "BD").

         The Issuer has previously issued $175,000,000 aggregate principal
amount of Student Loan Asset-Backed Notes consisting of $60,000,000 aggregate
principal amount of 1999 Senior Series A-7, $60,000,000 aggregate principal
amount of 1999 Senior Series A-8 and $55,000,000 aggregate principal amount of
1999 Senior Series A-9 (hereinafter referred to as the "Auction Rate
Certificates" or the "ARCs"). The ARCs have been issued pursuant to the Trust
Agreement.

         The Auction Procedures set forth in the Auction Agency Agreement and
the Trust Agreement to satisfy such requirement require the participation of one
or more Broker-Dealers and the parties hereto have previously entered into a
Broker-Dealer Agreement dated as of October 15, 2002 (the "Original BD
Agreement").

         Pursuant to Section 4.06 of the Original BD Agreement, the parties
hereto hereby desire to amend the Original BD Agreement by execution of this
Amendment as described below.

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Auction Agent, as agent of the Trustee, and BD
agree as follows:

                                   ARTICLE I

                           TERMS DEFINED BY REFERENCE

         Capitalized terms not defined herein shall have the respective meanings
specified in or pursuant to the Trust Agreement, the Original BD Agreement and
the Auction Agency Agreement.

                                   ARTICLE II

             AMENDMENTS TO SECTION 2.05 OF THE ORIGINAL BD AGREEMENT

         Section 2.05 of the Original BD Agreement is herby amended and restated
in its entirety as follows:

<PAGE>

                           SECTION 2.05. SERVICE CHARGE TO BE PAID TO BD.

                                    (a)      On the first Business Day in the
                           month of December 2002 and, thereafter, on the first
                           Business Day of each month during the term of this
                           Agreement, the Auction Agent shall pay to BD from
                           moneys received from the Trustee pursuant to Section
                           3.5(b) of the Auction Agency Agreement, an amount for
                           each Series of ARCs equal to the product of (i) a
                           fraction, the numerator of which is the number of
                           days in the preceding month and the denominator of
                           which is 365/366 days, as applicable; times (ii) the
                           Broker-Dealer Fee Rate; times (iii) the sum, on the
                           Auction Date for such Series of ARCs during such
                           preceding month of (A) the aggregate principal amount
                           of the ARCs placed by BD in such Auction that were
                           (1) the subject of Submitted Bids of Existing Note
                           Holders submitted by BD and continued to be held as a
                           result of such submission; and (2) the subject of
                           Submitted Bids of Potential Note Holders submitted by
                           BD and purchased as a result of such submission; (B)
                           the aggregate principal amount of the ARCS subject to
                           valid Hold Orders (determined in accordance with the
                           Third Terms Supplement) submitted to the Auction
                           Agent by BD; and (C) the principal amount of the ARCs
                           deemed to be subject to Hold Orders by Existing Note
                           Holders pursuant to the Third Terms Supplement that
                           were acquired by such Existing Note Holders through
                           BD; provided, however, with respect to Notes with an
                           Auction Period of more than 35 days, the
                           Broker-Dealers shall be entitled to payment on the
                           first Business Day of the month immediately
                           succeeding each Auction Date for such Series and the
                           numerator referred to in Section 2.05(a)(i) shall be
                           the number of days in such Auction Period or the
                           Series Initial Period, as applicable. For purposes of
                           clause (iii)(C) of the foregoing sentence, if any
                           Existing Note Holder who acquired ARCs through BD
                           transfers those ARCs to another person other than
                           pursuant to an Auction, then the Broker-Dealer for
                           the ARCs so transferred shall continue to be BD;
                           provided, however, that if the transfer was effected
                           by, or if the transferee is, a Broker-Dealer other
                           than BD, then such Broker-Dealer shall be the
                           Broker-Dealer for such ARCs. If for any reason an
                           Auction is not held on an Auction Date, there shall
                           be no Broker-Dealer Fee applicable with respect to
                           such Auction Date. The Broker-Dealer Fee shall be
                           payable solely out of amounts received by the Auction
                           Agent pursuant to the Third Terms Supplement.

                                    (b)      The Broker-Dealer Fee Rate shall be
                           the prevailing rate received by broker-dealers for
                           rendering comparable services to others. The Auction
                           Agent shall advise the Trustee and the Issuer, at
                           their request, at least annually of such then current
                           prevailing rate. If the then current Broker-Dealer
                           Fee Rate is not equal to the prevailing rate, the
                           Trustee, at the direction of the Issuer, shall change
                           the Broker-Dealer Fee Rate pursuant to the terms of
                           the Auction Agency Agreement and shall notify the
                           Auction Agent and BD thereof. Any change in the
                           Broker-Dealer Fee

                                       2
<PAGE>

                           Rate shall be effective on the Auction Date next
                           succeeding such change. The Broker-Dealer Fee Rate
                           shall be 0.125 % per annum.

                                  ARTICLE III

                                  MISCELLANEOUS

         SECTION 3.01. ENTIRE AGREEMENT. This Amendment contains the entire
agreement between the parties relating to the subject matter hereof, and there
are no other representations, endorsements, promises, agreements or
understandings, oral, written or inferred, between the parties relating to the
subject matter hereof.

         SECTION 3.02. SEVERABILITY. If any clause, provision or section of this
Amendment shall be ruled invalid or unenforceable by any court of competent
jurisdiction, the invalidity or unenforceability of such clause, provision or
section shall not affect any remaining clause, provision or section hereof.

         SECTION 3.03. EXECUTION IN COUNTERPARTS. This Amendment may be executed
in several counterparts, each of which shall be an original and all of which
shall constitute but one and the same instrument.

         SECTION 3.04. GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

         SECTION 3.05. TERMINATION OF THIS AMENDMENT. This Amendment shall
expire on October 1, 2004 and each October 1 thereafter unless the fee described
in Section 2.05 of this Amendment is extended or modified for a subsequent year
by written notification from the Broker-Dealer to the Issuer and the Auction
Agent prior to each October 1. Any modification of the fee described in Section
2.05 of this Amendment shall be effective only upon execution of a letter
agreement or amendment to the Original Broker-Dealer Agreement executed by each
of the parties hereto.

                                       3
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to Broker-Dealer Agreement to be duly executed and delivered by their proper and
duly authorized officers as of the date first above written.

                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      as Auction Agent

                                      By     /s/ Linda Reale
                                         ___________________________________
                                      Name   Linda Reale
                                           _________________________________
                                      Title  VP
                                           ________________________________

                                      BANC OF AMERICA SECURITIES LLC
                                      Broker-Dealer

                                      By  /s/ Christopher G. Cronk
                                         ___________________________________
                                         Christopher G. Cronk, Managing Director

                                       4

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