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San Diego, CA – December 8, 2005 – College Loan Corporation, the nation's seventh largest student loan provider, today announced that it has received a 2005 Torch Award for Marketplace Ethics for demonstrating ethical business practices from the San Diego Better Business Bureau (BBB).
The BBB's annual Torch Award for Marketplace Ethics recognizes businesses that have demonstrated exemplary ethical business practices in their relationships with employees, vendors and customers. The entry process for the Torch Award is extensive, and winners are selected by a panel of independent judges comprised of local community leaders.
"We are pleased and honored to receive this award. College Loan Corporation was founded with the belief that integrity and ethical business practices would be the cornerstone of our success," said Cary Katz, chairman and chief executive officer of College Loan Corporation. "Today's award is a tribute to all of our employees and is a validation of our ethical business practices."
"The Torch Awards is the way San Diego annually rewards and celebrates ethical business practices in our marketplace," said Sheryl Charleston, San Diego BBB president and CEO. "Each honoree exemplifies that adhering to a fair and honorable marketplace gives a company a competitive advantage, and that BBB ethical standards are the hallmark of a successful, competitive company."
College Loan Corporation, based in San Diego, is the nation's seventh largest student loan provider with more than $12 billion in student loans originated for more than 500,000 students and their families. CLC® makes higher education possible through innovative loan products and industry-leading customer service. The Company's student loan advice line offers expert Loan Consultants 24 hours a day, 7 days a week at 1.800.2COLLEGE. For more information on College Loan Corporation, visit www.collegeloan.com.