July 20, 2007



College Loan Corporation Presents CLC Code Of Conduct

Company Formalizes 20 Ethical Business Practices

SAN DIEGO, July 20, 2007 - College Loan Corporation (CLC), a top 10 student loan provider, today announced the release of its Code of Conduct. Since inception, CLC has made regulatory compliance a key priority. As the winner of The San Diego Better Business Bureau's 2006 Torch Award for Marketplace Ethics, the Company has always pursued the highest standard of marketing and compliance practices.

"College Loan Corporation was founded with the belief that integrity and ethical business practices would be the cornerstone of our success. CLC has never engaged in revenue sharing agreements, opportunity pools or other similar practices," said Cary Katz, chief executive officer. "The CLC Code of Conduct is effective immediately and formalizes 20 ethical business practices."

The Company today also pledged a $500,000 donation to the financial literacy campaign fund established by the New York Attorney General. The fund will supplement CLC's existing efforts to help students, families and particularly young adults in need of impartial and trustworthy advice on how to pay for college. The goals include:

  • Ensuring students have the information they need to make sound financial aid decisions
  • Providing young adults with the knowledge they need to build a solid financial future
  • Empowering families with an understanding of their rights and responsibilities

CLC's award-winning and ethical service provides students and families with free and much needed advice on the complicated financial aid process:

  • Calls are answered 24 hours a day, 7 days a week
  • 95% of all calls are answered by highly-trained professionals in less than 30 seconds
  • No phone mazes, long waits on hold or entering of information through a telephone keypad
  • Personalized advice to meet the needs of each family's unique financial situation
  • A One Call Promise® that eliminates phone tag and resolves matters quicklyv
  • Financial literacy programs and tools designed to help families understand all of their options, including grants and scholarships.

"Hundreds of students and families have sent CLC glowing testimonials expressing their appreciation for our assistance in helping them achieve their higher education dreams,” added Katz. “We will continue to offer them the same high standard of ethical service for which we are known." The full Code of Conduct is available by clicking here.

About College Loan Corporation

College Loan Corporation (CLC), headquartered in San Diego, is a top 10 student loan provider, managing more than $10 billion in student loan assets. By offering innovative loan products and industry-leading customer service, the Company has helped make higher education possible for more than 800,000 students and families. CLC is the proud winner of the 2006 Torch Award for Marketplace Ethics, awarded by the Better Business Bureau of San Diego County. More than 900 colleges and universities have designated College Loan Corporation as a preferred lender. CLC's student loan hotline offers expert loan consultants 24 hours a day, 7 days a week at 1.800.2COLLEGESM. For more information, visit collegeloan.com.