Indianapolis-based USA Funds Inc. announced Tuesday that President and CEO Carl C. Dalstrom will retire from the student-loan guaranty agency on June 30, 2013.
Dalstrom, 62, has led the not-for-profit since July 2000. Prior to becoming president and CEO, he held several executive positions at USA Funds and its former parent company, USA Group.
Board trustees are expected to soon begin a nationwide search for his successor.
USA Funds oversees student loans for the U.S. Education Department, which began its lending program in 1965. It is one of several groups that guarantee loans made by banks and other private lenders.
During Dalstrom’s tenure, USA Funds said it guaranteed more than $184 billion in student-loan financing.