Current Table

TOP 20 PRIVATE HOLDERS OF FEDERAL STUDENT LOANS, 2010-2011 (1)
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($ millions)

    Amounts outstanding
Rank Loan holder (2) Fiscal year 2010 Fiscal year 2011
1 SLM Corporation (Sallie Mae) $143,821.9 $114,894.8
2 National Ed Loan Network (NELNET) 24,514.3 25,169.2
3 Citibank, Student Loan Corp. 27,911.8 24,645.9
4 Wells Fargo Bank N.A. 20,722.4 17,923.0
5 Brazos Group 12,080.4 10,976.0
6 JPMorgan Chase Bank 9,616.5 9,370.8
7 Pennsylvania Higher Education Assistance Agency (PHEAA) 9,575.1 8,172.2
8 Pittsburgh National Corp. (PNC) 7,549.0 7,731.9
9 College Loan Corp. 8,669.4 7,644.7
10 Student Loan Xpress 8,317.3 7,395.9
11 Goal Financial 6,881.4 6,465.9
12 Suntrust Bank 4,067.3 5,332.2
13 Access Group 5,737.8 5,217.8
14 Bank of America 4,777.0 5,210.1
15 U.S. Bank  4,768.7 4,251.2
16 Northstar 4,903.4 4,165.9
17 Missouri Higher Education Loan Authority 3,610.6 3,795.9
18 Edsouth 4,244.0 3,794.9
19 College Foundation Inc. 3,386.9 3,102.5
20 GCO Education Loan Funding 5,228.9 2,970.8
  Total, all holders $379,413.6 $326,480.9

(1) Includes Stafford (subsidized and unsubsidized) and Plus Loans; excludes consolidation loans.
(2) Entity that holds a loan promisssory note and has the right to collect from the borrower. As many banks sell loans, the initial lender and current holder may be different.

Note: Does not include direct federal loans.

Source: U.S. Department of Education, Federal Student Aid.

 

Archived Tables

TOP 20 PRIVATE ORIGINATORS OF FEDERAL STUDENT LOANS, 2007-2008 (1)
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($ millions)

    New guarantees
Rank Lender Name Fiscal year 2007 Fiscal year 2008
1 SLM Corporation (Sallie Mae)  $9,002.3 $14,265.6
2 Citibank, Student Loan Corp. 4,764.3 6,201.3
3 Wachovia Education Finance Inc. 2,934.5 5,127.6
4 Bank of America 3,261.6 4,274.7
5 Wells Fargo Education Financial Services 2,954.8 3,935.2
6 JPMorgan Chase Bank  3,064.7 3,418.0
7 U.S. Bank  1,332.5 2,278.2
8 Edamerica  1,303.7 1,614.2
9 Pittsburgh National Corp. (PNC)  838.9 1,268.8
10 Suntrust Bank  948.3 1,091.7
11 Access Group 1,124.9 1,057.6
12 National Ed Loan Network (Nelnet)  891.5 1,021.8
13 Citizens Bank  716.0 941.6
14 National City Bank  457.3 929.7
15 Regions Bank 647.1 834.1
16 Fifth Third Bank  567.2 829.0
17 College Foundation Inc. 662.2 809.9
18 SC Student Loan Taxable 490.9 629.0
19 Kentucky Higher Ed Stud Loan Corp.  547.2 575.6
20 Key Corp.  330.8 487.8

(1) Includes Stafford (subsidized and unsubsidized) and Plus Loans; excludes consolidation loans.

Note: Does not include direct federal loans.

Source: U.S. Department of Education, Federal Student Aid.

 
TOP 20 PRIVATE HOLDERS OF FEDERAL STUDENT LOANS, 2008-2009 (1)
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($ millions)

    Amounts outstanding
Rank Lender name Fiscal year 2008 Fiscal year 2009
1 SLM Corporation (Sallie Mae) $141,498.6 $154,141.9
2 Citibank Student Loan Corp. 31,321.8 32,474.1
3 National Ed Loan Network (NELNET) 25,911.8 25,256.2
4 Wells Fargo Education Financial Services 14,245.0 14,595.4
5 Wachovia Education Finance Inc. 12,331.1 13,214.5
6 Brazos Group 14,111.4 13,048.3
7 Pennsylvania Higher Education Assistance Agency (PHEAA) 11,986.8 11,126.0
8 JPMorgan Chase Bank  11,944.3 11,099.7
9 Bank of America 6,783.8 10,066.5
10 College Loan Corp. 10,447.4 9,658.8
11 Student Loan Xpress 11,097.4 9,629.2
12 Goal Financial 7,435.8 7,197.8
13 Access Group  6,355.3 6,644.8
14 GCO Education Loan Funding 6,068.4 5,729.9
15 Edsouth 4,791.3 5,481.1
16 Pittsburgh National Corp. (PNC)  2,246.7 5,298.7
17 Northstar  5,500.5 5,164.7
18 U.S. Bank   4,087.6 4,385.6
19 College Foundation Inc. 3,371.3 3,955.9
20 Missouri Higher Education Loan Authority 4,867.0 3,755.1

(1) Includes Stafford (subsidized and unsubsidized) and Plus Loans; excludes consolidation loans.

Note: Does not include direct federal loans.

Source: U.S. Department of Education, Federal Student Aid.

 
TOP 20 PRIVATE HOLDERS OF FEDERAL STUDENT LOANS, 2009-2010 (1)
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($ millions)

    Amounts outstanding
Rank Loan holder (2) Fiscal year 2009 Fiscal year 2010
1 SLM Corporation (Sallie Mae) $154,141.9 $143,821.9
2 Citibank, Student Loan Corp. 32,474.1 27,911.8
3 National Ed Loan Network (NELNET) 25,256.2 24,514.3
4 Wells Fargo Bank N.A. 14,595.4 20,722.4
5 Brazos Group 13,048.3 12,080.4
6 JPMorgan Chase Bank 11,099.7 9,616.5
7 Pennsylvania Higher Education Assistance Agency (PHEAA) 11,126.0 9,575.1
8 College Loan Corp. 9,658.8 8,669.4
9 Student Loan Xpress 9,629.2 8,317.3
10 Pittsburgh National Corp. (PNC) 5,298.7 7,549.0
11 Goal Financial 7,197.8 6,881.4
12 Access Group 6,644.8 5,737.8
13 GCO Education Loan Funding 5,729.9 5,228.9
14 Northstar 5,164.7 4,903.4
15 Bank of America 10,066.5 4,777.0
16 U.S. Bank  4,385.6 4,768.7
17 Edsouth 5,481.1 4,244.0
18 Suntrust Bank 3,634.5 4,067.3
19 Missouri Higher Education Loan Authority 3,755.1 3,610.6
20 College Foundation Inc. 3,955.9 3,386.9

(1) Includes Stafford (subsidized and unsubsidized) and Plus Loans; excludes consolidation loans.
(2) Entity that holds a loan promissory note and has the right to collect from the borrower. As many banks sell loans, the initial lender and current holder could be different.

Note: Does not include direct federal loans.

Source: U.S. Department of Education, Federal Student Aid.