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Get to know College Loan Corporation

Founded in 1999, College Loan Corporation (CLC) quickly grew to become one of the largest student loan providers in the United States. Operating as a non-profit entity, its mission was to provide lower-cost educational financing options for students and families. The company originated both federal (FFELP) and private student loans. However, due to the credit market crisis in 2007-2008, CLC ceased originating new loans in late 2007. Subsequently, its loan portfolio was acquired and is now serviced by other financial institutions, and its parent company's assets were acquired by Discover Financial Services.

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College Loan Corporation

United States

Founded in

1999 (27 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.