Terms of Use
Information on CLC's Interest Rates and Terms
Specific terms and conditions apply. Interest Rates and Annual Percentage Rates (APRs), and benefits are effective as of the date of publishing and are subject to change at any time without notice. CLC reserves the right to modify or discontinue loan benefits, lending policies and requirements at any time without notice. Rates and fees are determined by, and commensurate with, an evaluation of the borrower's/co-borrower's creditworthiness. Loan amounts are determined by (1) evaluating the borrower's/co-borrower's creditworthiness and (2) school certification of the required loan amount: the lesser amount takes precedence. Applicants are encouraged to utilize a qualified co-borrower to receive better loan terms.
2All loan payments, as applicable, must be made on time to be eligible for these benefits. To receive the interest rate reduction for automatic payments, the borrower must enroll in automatic payments through ACH and remain current. Borrowers who cancel ACH can re-enroll at any time and return to the benefit as long as all loan payments have been made on time. The 0.50% interest rate reduction for borrowers who choose to make interest payments while in school or grace remains in effect as long as the borrower makes all interest payments within 90 days of billing. If no payment is made within 90 days of billing, the 0.50% interest rate reduction is lost. We reserve the right to modify, extend or discontinue these benefits at any time without notice. Borrower benefits will terminate in the event of default or failure to meet qualification criteria. Additional terms and conditions apply; please contact us for details.
Information on CLC's Borrower Benefits
All loan payments, as applicable, must be made on time to be eligible for these benefits. To receive the interest rate reduction for automatic payments, the borrower must enroll in automatic payments through ACH and remain current. Borrowers who cancel ACH can re-enroll at any time and return to the benefit as long as all loan payments have been made on time. The 0.50% interest rate reduction for borrowers who choose to make interest payments while in school or grace remains in effect as long as the borrower makes all interest payments within 90 days of billing. If no payment is made within 90 days of billing, the 0.50% interest rate reduction is lost. We reserve the right to modify, extend or discontinue these benefits at any time without notice. Borrower benefits will terminate in the event of default or failure to meet qualification criteria. Additional terms and conditions apply; please contact us for details.
Understanding Private Loans
PLEASE READ THIS IMPORTANT INFORMATION ABOUT CLC’S LOANS: CLC’S LOANS ARE “ALTERNATIVE” OR “PRIVATE” LOANS. THEY ARE NOT FEDERAL STUDENT LOANS NOR ARE THEY BACKED BY THE U.S. GOVERNMENT. IT IS LIKELY THAT YOU WOULD BE ABLE TO QUALIFY FOR FEDERAL FINANCIAL ASSISTANCE AND THAT THIS FEDERAL ASSISTANCE COULD MAKE THIS LOAN UNNECESSARY. IF YOU DO QUALIFY FOR FEDERAL FINANCIAL ASSISTANCE, THAT ASSISTANCE COULD INCLUDE LOANS THAT ARE LIKELY TO PROVIDE YOU WITH BETTER TERMS AND CONDITIONS, INCLUDING A LOWER INTEREST RATE AND LOWER FEES. FOR MORE INFORMATION ON FEDERAL FINANCIAL ASSISTANCE PROGRAMS, PLEASE VISIT THE U.S. DEPARTMENT OF EDUCATION’S WEBSITE AT: HTTP://WWW.ED.GOV/FINAID.
Trademark Information
The CLC COLLEGE LOAN CORPORATION® logo is a registered trademark of College Loan Corporation © 1999-2008. All rights reserved.
Website Terms and Conditions
PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. By using the pages in this site, you agree to these terms and conditions. If you do not agree, you should not use this site.
Restrictions on Use
Material from this website may not be copied or distributed, or republished, uploaded, posted, or transmitted in any way, without the prior written consent of College Loan Corporation (CLC) except: you may download one copy of the material on one computer for your personal, non-commercial home use only, provided you do not delete or change any copyright, trademark, or other proprietary notices. Modification or use of the materials for any other purpose violates CLC’s intellectual property rights. The material in this site is provided for lawful purposes only.
Restriction on Liability
CLC will not be liable for any damages or injury caused by, including but not limited to, any failure of performance, error, omission, interruption, defect, delay in operation of transmission, computer virus, or line failure. CLC will not be liable for any damages or injury, including but not limited to, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if there is negligence or CLC or an authorized CLC representative has been advised of the possibility of such damages, or both. The above limitation or exclusion may not apply to you to the extent that applicable law may not allow the limitation or exclusion of liability for incidental or consequential damages. CLC total liability to you for all losses, damages, and causes of action (in contract, tort (including without limitation, negligence), or otherwise) will not be greater than the amount you paid to access this site.
Submissions
All remarks, suggestions, ideas or other information communicated to CLC through the “Feedback” or “Contact Us” website pages (together, the "Submission") will be the exclusive property of CLC. You acknowledge that you are responsible for your Submission material, and that you, not CLC have full responsibility for the message, including its legality, reliability, appropriateness, originality, and copyright.
Jurisdiction
Except as described otherwise, all materials in the CLC site are made available only to provide information about CLC. CLC controls and operates this site from its headquarters in the United States of America and makes no representation that these materials are appropriate or available for use in other locations. If you use this site from other locations you are responsible for compliance with applicable local laws.
Disclaimer
The material in this site could include technical inaccuracies or typographical errors. CLC may make changes or improvements at any time. The materials in this site are provided "as is" and without warranties of any kind either expressed or implied, to the fullest extent permissible pursuant to applicable law. CLC disclaims all warranties or merchantability and fitness for a particular purpose. CLC does not warrant that the functions contained in the material will be uninterrupted or error-free, that defects will be corrected, or that this site or the server that makes it available are free of viruses or other harmful components. CLC does not warrant or make any representations regarding the use of or the result of the use of the material in this site in terms of their correctness, accuracy, reliability, or otherwise. You (and not CLC) assume the entire cost of all necessary servicing, repair or correction. The above exclusion may not apply to you, to the extent that applicable law may not allow the exclusion of implied warranties.
This website contains links to external sites. CLC Corporation is not responsible for, and has no control over, the content of such external sites.
CLC is an equal opportunity employer.
Termination
CLC or you may terminate this agreement at any time. You may terminate this agreement by destroying: (a) all materials obtained from all CLC sites, and (b) all related documentation and all copies and installations(together, the "Materials"). CLC may terminate this agreement immediately without notice if, in its sole judgment, you breach any term or condition of this agreement. Upon termination, you must destroy all materials.
Miscellaneous
These Terms and Conditions will be governed and be interpreted pursuant to the laws of the State of California, United States of America, notwithstanding any principles of conflicts of law. If any part of these Terms and Conditions is unlawful, void, or unenforceable, that part will be deemed severable and will not affect the validity and enforceability of any remaining provisions. Possible evidence of use of this site for illegal purposes will be provided to law enforcement authorities. This is the entire agreement between the parties relating to the use of this site. CLC can revise these Terms and Conditions at any time by updating this posting. CLC products and services are available in many parts of the world. However, the CLC site may describe products and services that are not available worldwide. This site may be linked to other sites which are not maintained by CLC. CLC is not responsible for the content of those sites. The inclusion of any link to such sites does not imply endorsement by CLC of the sites.
By clicking on the CLC Stock logo, you will be leaving the CLC web site and entering an Internet site outside CLC control. CLC neither endorses nor is responsible for the content of Yahoo's! web site. Likewise, Yahoo! does not necessarily endorse CLC products or services, nor is it responsible for, the content of CLC web site.