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SAN DIEGO (March 13, 2008) College Loan Corporation (CLC), one of the nation's top 10 student loan providers, continues its commitment to responsible lending by announcing its private loan principles today. These principles help students and parents make wise financial decisions when determining how they will pay for college.
"Many young students do not understand the details and complexities of borrowing for school," said Brian Jones, general counsel for College Loan Corporation. "CLC makes it easy for students and their families to make the right financial decisions to pay for college."
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 ethical marketing and compliance practices. The ten private loan principles announced by CLC are:
CLC's efforts to help families make wise financial decisions are complemented by their award-winning service:
"College Loan Corporation was founded with the belief that integrity and ethical business practices would be the cornerstone of our success," added Jones. "We will continue to offer families the same high standard of ethical service for which we are known."
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. 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.