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August 26, 2010

FOR IMMEDIATE RELEASE

Media:
Alena Charles
acharles@collegeloan.com
702.777.8416

Joe Kakaty Celebrates 10th Anniversary With College Loan Corporation

Company develops state-of-the-art private loan origination platform

LAS VEGAS (August 26, 2010) – College Loan Corporation, one of the nation's largest student loan companies, celebrates the 10th anniversary of Joe Kakaty, Chief Marketing Officer.

“Joe was instrumental in taking the Company from a startup to the nation’s 10th largest student loan company,” said Cary Katz, CEO. “He is an outstanding leader with relentless energy and a proven track record of success.”

Kakaty has been involved in the student loan industry since 1993. As the founder of CLC’s acclaimed school channel business, he developed more than 1,000 school customers and helped the Company fund loans at nearly 3,300 schools. Kakaty has served on the ELM Board of Directors for the past six years.

College Loan Corporation is perfecting its state-of-the-art private loan origination platform and CRM capabilities to provide borrowers with an unparalleled loan application process and customer service experience. CLC’s proprietary platform can seamlessly process private loans for thousands of schools nationwide by supporting each school’s unique loan process.

“We are well positioned to provide our student loan services to a leading financial institution looking to expand its product offerings,” said Kakaty.

About College Loan Corporation

College Loan Corporation, headquartered in Las Vegas, Nevada is a top 10 student loan company, managing nearly $10 billion in student loan assets. By offering innovative loan products and first-class customer service, the Company has helped more than 800,000 families achieve their higher education goals. CLC has won multiple awards, including the BBB Torch Award for Marketplace Ethics and the American Business Award for excellence in Customer Service. The Company is committed to supporting its community by maintaining a 100% U.S.-based workforce. For more information, visit www.collegeloan.com or call our student loan hotline at 1.800.2COLLEGESM.