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Press Release

Thomas Buffoni Named Commercial Business Director of the National Student Clearinghouse 

HERNDON, VA, October 29, 2008 - The National Student Clearinghouse has appointed Thomas Buffoni as its commercial business director. The Clearinghouse, a non-profit organization, is the nation's trusted source for degree and enrollment information and provides reporting, verification and research services for more than 3,200 colleges and universities. Mr. Buffoni began his appointment October 20, 2008.

As commercial business director, Mr. Buffoni reports to Tracie MacMahon, vice president of operations, and oversees the commercial account development and management team for the Clearinghouse's verification services. Mr. Buffoni also handles the exploration and development of new authentication and verification services which the Clearinghouse provides on behalf of institutions. In addition, Mr. Buffoni works with Janine Greenwood, general counsel at the Clearinghouse, on commercial contracts.

"Tom has a strong background in the financial services industry and brings with him vast commercial client management experience," said MacMahon. "He is a great addition to the Clearinghouse. I look forward to working with him as we continue to grow and expand."

"The Clearinghouse has an admirable reputation and to be a part of the team is an honor," said Buffoni. "I'm looking forward to working with my peers and with our commercial clients while upholding the great service reputation the Clearinghouse prides itself on."

Mr. Buffoni has more than 12 years experience in the financial services industry in various roles, including marketing, product management, operations and legal. Before joining the Clearinghouse, he served as the vice president of Affinity at JPMorgan Chase. Prior to JPMorgan Chase, Mr. Buffoni worked for various financial institutions, including Sallie Mae and USA Group. He has a Bachelor of Science in business management from St. Francis College.

About The National Student Clearinghouse

The National Student Clearinghouse is the most trusted source for enrollment and degree verification in the U.S. A non-profit organization founded in cooperation with the higher education community in 1993, the Clearinghouse serves as a central repository and single point of contact for the collection and timely exchange of accurate, comprehensive enrollment, degree and certificate records on behalf of participating institutions.

More than 3,300 colleges, enrolling 92% of US college students, participate in the Clearinghouse. Student loan providers, employers, student credit issuers, student health insurance providers, the U.S. Department of Education, and others access the Clearinghouse's registry over 100 million times annually to conduct electronic student record verifications. In addition, the Clearinghouse provides educational research services to both secondary and postsecondary institutions that provide insights on student access, transfer, permanence, and graduation rates.

Most Clearinghouse services are provided to colleges and universities at little or no charge, enabling institutions to redistribute limited staff and budget resources to more important student service efforts. Its services are designed to work for institutions of any size, from those with fewer than 500 students to those with enrollments exceeding 35,000. Cumulatively, institutions have saved millions of dollars by participating in the Clearinghouse. The success of the Clearinghouse's customer-oriented approach was recognized in a fall 2008 survey of its institutional participants wherein 92% said they would recommend the Clearinghouse to other educational institutions.

For more information, visit www.studentclearinghouse.org.

For Questions About This Press Release Only, Contact:
Kathleen Dugan
Marketing Director
703-742-4208
dugan@studentclearinghouse.org

For Help With or Questions About Any Clearinghouse Service, Contact:
703-742-4200
service@studentclearinghouse.org