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STUDENT LOAN CP, (STU) Stock Research Free Stock Rating
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The Student Loan Corporation engages in the origination, management, and servicing of student loans guaranteed under the Federal Family Education Loan program. The companys loans include subsidized Federal Stafford, unsubsidized Federal Stafford, federal parent loans to undergraduate students (PLUS), and federal consolidation loans. It also provides CitiAssist loans for students, who do not qualify for government student loan programs or need additional financial assistance beyond that available through government programs. In addition, the company owns a portfolio of health education assistance loans (HEAL) composed of guaranteed student loans for borrowers in designated health professions under a federally insured loan program administered by the U.S. Department of Health and Human Services. Additionally, it participates in the secondary student loan market through purchase of loans that consist of subsidized Federal Stafford loans, unsubsidized Federal Stafford loans, PLUS loans, federal consolidation loans, and HEAL loans. The company was incorporated in Delaware in 1992 and is headquartered in Stamford, Connecticut. The Student Loan Corporation is an 80% owned subsidiary of Citibank, N.A., an indirect wholly owned subsidiary of Citigroup, Inc., as of March 31, 2004.
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