Citibank and New York University to Continue Partnership to Offer Comprehensive Student Finance Program.

STAMFORD, Conn. -- Citibank, through its subsidiary The Student Loan Corporation announced today a continuation of its partnership with New York University (NYU) to offer a comprehensive financing program for students and their families. The NYU and Citibank relationship will continue for another four years and includes private loans for NYU's undergraduate, graduate and professional students. Citibank continues to be an NYU preferred lender for Federal Stafford and PLUS Loans.

"We are very pleased to continue our work with Citibank to provide our students and their families with low cost education financing," says Tony Del Bono, Director of Financial Aid at NYU. "Citibank's customized products and services make the process of obtaining financial funding seamless for our students and their families."

Citibank will continue to be the preferred private loan lender for NYU's undergraduate and graduate programs, offering its CitiAssist(R) Loan at a very low interest rate with no origination, guarantee or repayment fees. All of the Citibank loan products offer money-saving benefit programs for NYU students and their families, the ability to apply and sign applications online at studentloan.com, flexible repayment options, and online borrower account access.

"We value our longstanding relationship with NYU," says Michael Reardon, CEO and President of The Student Loan Corporation. "The continuation of our relationship is based upon the belief that Citibank's product offerings and services help more students attend NYU as their school of choice. This program is another example of how Citibank understands and fulfills customer needs."

New York University, founded in 1831 in New York City, is one of the nation's largest private institutions of higher education with enrollment that exceeds 50,000 students.

About Citibank

Citibank, N.A. is a member of Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries. Citigroup provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. 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 1.7 million customers and over 3,000 schools nationwide. Educational Loan Center, Inc. is a subsidiary of The Student Loan Corporation.

For information or inquiries regarding student loan accounts, 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 studentloan.com.