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November 14, 2008



College Loan Corporation Appoints Paul Wozniak as Chairman of the Board

SAN DIEGO (November 14, 2008) – College Loan Corporation, one of the nation's top 10 student loan providers, today announced the appointment of Paul Wozniak as chairman of the board.

“Paul is an outstanding addition to our senior management team,” said Cary Katz, CEO of College Loan Corporation. “His experience and insight will prove invaluable in these challenging times.”

Wozniak joins the Company with more than 25 years of executive management experience. For the past 17 years he led the UBS Securities LLC Education Loan Group. Working with other areas of UBS, that group was involved in providing all aspects of investment banking services for both federally guaranteed and private student loans in the asset-backed, municipal and equity markets. He has been an active participant in the postsecondary loan industry for decades, working alongside financial aid professionals, student loan lenders, institutional investors and the government in order to find market solutions to problems.

“I am delighted to be able to play a key role in shaping the future of CLC,” said Wozniak. “I look forward to joining an experienced team that is focused on the future.”

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. For more information, visit