Paul C. McCarty Joins GCO Education Loan Funding Corp.
New York, NY, - September 12, 2005 - Paul C. McCarty has joined GCO Education Loan Funding Corp.  (GCO ELF) as Senior Vice President in charge of operations for GCO ELF's new private loan products.  Mr. McCarty is a nationally recognized senior student loan industry professional with comprehensive experience managing all facets of the private student loan cycle. 

Prior to joining GCO ELF, Mr. McCarty was Senior Vice President of Loan Operations for First Marblehead Corporation in Boston, MA, a financial services firm that supports the private student loan market.  In that role he provided senior leadership in all areas of the life cycle of private student loans. Prior to First Marblehead Mr. Mc Carty was also Senior Vice President of TERI, a not-for-profit guarantor of private student loans whose operating assets were acquired by First Marblehead in 2001.  He has more than fourteen years of diverse experience in providing student loan financial services.   

He received a Bachelor of Arts Degree from Boston College. He will join Bob Culnane in GCO ELF's Boston Office.

About GCO Education Loan Funding Corp.
Headquartered in Denver, CO GCO Education Loan Funding Corp. (GCO ELF) commenced operations in September 2004 by acquiring student loan assets and infrastructure from GMAC Education Loan Funding Corp.  GCO ELF is a specialty finance company that serves as a secondary market for federally supported student loans in the United States.  The company helps meet the needs of higher education by providing liquidity to national and regional financial institutions and marketing entities that source student loans.  GCO ELF currently holds in excess of one billion dollars in student loans assets and ranks among the nation's leaders in terms of total student loan assets.
 

GCO ELF is developing a non-federally supported student loan program to augment its product offering and better service the needs of financial institutions, schools, marketing entities and students.  It is anticipated that these loan programs will be available in the fall of 2005.

 

 

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