| Business Summary | | The
Student
Loan
Corporation
originates,
holds
and
services
federally
insured
student
loans
through
a
trust
agreement
with
Citibank
(New
York
State).
The
Company
is
an
originator/holder
of
loans
originated
under
the
Federal
Family
Education
Loan
(FFEL)
Program,
authorized
by
the
Department
of
Education
under
the
Federal
Higher
Education
Act
of
1965,
as
amended.
The
Company
also
holds
student
loans
that
are
not
insured
under
the
Act,
including
CitiAssist
loans.
The
Company's
portfolio
is
comprised
primarily
of
loans
originated
through
the
FFEL
Program.
These
loans
consist
of
subsidized
Federal
Stafford
loans,
unsubsidized
Federal
Stafford
loans,
Parent
Loans
to
Undergraduate
Students
(PLUS
loans)
and
Federal
Consolidation
loans.
The
Company
also
owns
a
portfolio
of
Health
Professions
Education
Loans
that
consists
of
guaranteed
student
loans
in
designated
health
professions
under
a
federally
insured
loan
program
administered
by
the
United
States
Department
of
Health
and
Human
Services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Student
Loan
Corp.
through
a
trust
agreement
with
Citibank,
originates,
holds,
and
services
student
loans.
The
loans
are
primarily
made
in
accordance
with
the
Federally
sponsored
guaranteed
student
loan
programs.
For
the
six
months
ended
6/30/01,
interest
income
rose
31%
to
$622.4
million.
Net
income
rose
14%
to
$61.2
million.
Results
reflect
growth
in
average
loans
outstanding,
partially
offset
by
lower
margin
spreads
and
higher
other
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Bill Beckmann, 40 Chairman | $578K | $148K | Yiannis Zographakis, 38 CEO,
Chief Operating Officer | 381K | -- | Sue Roberts, 50 Pres | 352K | -- | Steven Gorey, 40 CFO,
VP | 306K | -- | John Coffin, 52 VP,
Gen. Counsel | 161K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|