Citibank Offers Graduate Students Opportunity to Secure Federal PLUS Loan Funds; Company Ready to Accept & Process Applications.

STAMFORD, Conn. -- The Student Loan Corporation, a subsidiary of Citibank N.A., and a leading originator of student loans, today announced that graduate and professional students can now conveniently apply online for a Citibank Graduate Federal PLUS Loan for school certification on or after July 1, 2006.

"Not only is Citibank making applying for the PLUS Loan as easy and convenient as possible for graduate and professional students - we also offer a combination of industry-leading borrower benefits that can help students save even more money," said Michael Reardon, Chairman, President and CEO of The Student Loan Corporation. "Citibank offers earned benefits that can reduce interest rates in repayment and also offers an option of zero payments for last six months. Citibank is once again leading the way in both savings and convenience for our customers."

Graduate PLUS Loans from Citibank for the 2006 - 2007 school year feature a fixed interest rate of 8.50% with an opportunity to reduce that rate by 1.00% during repayment. And, Citibank recently announced it will waive the last six payments on all Federal Stafford and PLUS Loans.

"Graduate and professional students are sophisticated consumers, they know what they want and the direction they are heading -- we can help them get there," said Kurt Schneiber, Executive Sales Director of The Student Loan Corporation. "Other lenders have announced future plans to roll out Graduate PLUS Loan solutions, but Citibank can help students secure their education financing today."

The Citibank Graduate PLUS Loan features:

--No loan limits - borrow up to the full cost of education annually minus any other financial aid received

--Minimal credit requirements - approval is not based on income, financial need or a debt-to-income ratio 

--Easy online application and a credit response in 3 minutes or less

--No payments required while in school

--Deferment and forbearance options available during periods of financial difficulty, residency or bar study

--Flexible repayment options including Level, Extended, Graduated and Income Sensitive plans

Visit studentloan.com or call 1-800-967-2400 to apply today or to find out specific terms and conditions that may apply.

About Citibank

Citibank is a member of Citigroup (NYSE: C), the leading global financial services company, which has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.

The Student Loan Corporation (NYSE: STU) is one of the nation's leading originators and holders of insured student loans providing a full range of education financing products and services to meet the needs of students, parents, schools and lenders. The company was previously a division of Citibank and became a NYSE-listed corporation in 1992. Citibank, N.A. is the majority shareholder. Citibank was one of the first banks to finance higher education, beginning in 1958. Today, The Student Loan Corporation serves approximately 1.7 million customers and over 3,000 schools nationwide.

For information or inquiries regarding student loans, please call 1-800-967-2400. Customers with Telecommunication Devices for the Deaf (TDD) may call 1-800-846-1298. College planning and financing information is also available at www.studentloan.com.