LAS VEGAS (February 8, 2010) -- College Loan Corporation today announced the promotion of Michael Boyd to Chief Operating Officer. Boyd is responsible for the Company's loan operations, information technology and customer service.

"Since joining the Company seven years ago, Michael has been instrumental in improving the quality and efficiency of our student loan delivery systems," said Cary Katz, CEO.Prior to joining CLC, Boyd worked in the student services and financial aid offices of the University of Texas -- Austin and the University of Oklahoma at Norman. Boyd earned a masters degree from the University of Oxford.

"Delivering superior customer service to borrowers and schools has been our strength from the start. Our state-of-the-art private loan system can seamlessly process private loans for thousands of schools nationwide by supporting a school's unique loan process," added Boyd.

About College Loan Corporation

College Loan Corporation, headquartered in Las Vegas, Nevada is a top 10 student loan company, managing more than $10 billion in student loan assets. The Company has funded more than $19 billion in loans to help families pay for college, since its founding in 1999. 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.

Posted 02/09/10 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.