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Student Loan Corp (The)

 
Hoover's Profile: The Student Loan Corporation
 
(NYSE:STU)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
The Student Loan Corporation
750 Washington Blvd.
Stamford, CT 06901
CT Tel. 203-975-6320
Fax 203-975-6299

Type: Public
On the web: http://www.studentloan.com
Employees: 355
Employee growth: (39.1%)

If you're willing to part with both an arm and a leg, you may be able to afford a college education on your own. If not, there's always The Student Loan Corporation. One of the top education lenders in the US, the company offers student loans primarily under the Federal Family Education Loan (FFEL) program, which is authorized by the US Department of Education. Most of these loans are originated through financial services giant Citigroup, which owns 80% of The Student Loan Corporation. Through its CitiAssist program, the company also offers private education loans to students who either do not qualify for government student loan programs or seek additional financial aid beyond the amount provided under FFEL.

Key numbers for fiscal year ending December, 2008:
Sales: $436.3M
One year growth: (18.7%)
Net income: $74.8M
Income growth: (59.1%)

Officers:
Chairman, President, and CEO: Michael J. Reardon
CFO: Scot Parnell
VP and Executive Director Sales: Kurt Schneiber

Competitors:
Bank of America
JPMorgan Chase
Sallie Mae

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