FINANCIAL AID PROFESSIONALS
Top 100 Originators of FFELP Loans -- FY99 and FY98

Top 100 Originators of FFELP Loans -- FY99 and FY98

(Sequenced from High to Low on FY99 $ Amount Guaranteed
Dollars in Millions)

  $ OF NEW GUARANTEES RANKINGS
LENDER NAME
STATE/(CITY) FY99 FY98 FY99 FY98
BANK ONE 1902.0 1768.4 1 1
OH (COLUMBUS)        
CITICORP 1820.5 1748.0 2 2
NY (PITTSFORD)        
CHASE MANHATTAN BANK 1728.5 1653.5 3 3
NY (GARDEN CITY)        
BANK OF AMERICA 1501.3 1560.9 4 5
CA (BREA)        
NORWEST BANK 1501.3 1571.1 5 4
SD (SIOUX FALLS)        
FIRST UNION NATIONAL BANK 1269.8 1324.4 6 6
CA (SACRAMENTO)        
NATIONAL CITY BANK 824.2 763.3 7 7
OH (CLEVELAND)        
EDUCATION FINANCE GROUP 568.1 256.0 8 16
MA (S. YARMOUTH)        
PITTSBURGH NATIONAL CORP 459.4 558.0 9 8
PA (PITTSBURGH)        
UNION BANK & TRUST COMPANY 452.4 396.9 10 11
NE (LINCOLN)        
PENNA HIGHER ED ASSISTANCE AGENCY 400.4 359.3 11 12
PA (HARRISBURG)        
U S BANK 397.8 406.1 12 10
MN (ST PAUL)        
SUNTRUST BANK 380.8 251.7 13 17
VA (RICHMOND)        
KEY CORP 338.4 410.6 14 9
OH (CLEVELAND)        
FLEET BANK 329.2 330.1 15 13
NY (UTICA)        
AMERICAN EXPRESS ASSURANCE CO 321.0 219.6 16 21
CA (SAN DIEGO)        
NELLIE MAE 311.4 294.1 17 14
MA (BRAINTREE)        
MARINE MIDLAND BANK 271.7 278.1 18 15
NY (BUFFALO)        
BANK OF BOSTON CORP 233.2 202.9 19 22
RI (PROVIDENCE)        
S C STUDENT LOAN CORP 228.6 230.4 20 19
SC (COLUMBIA)        
TEACHERS INSUR & ANNUITY ASSN OF AM 219.9 229.3 21 20
NY (NEW YORK)        
COLLEGE FOUNDATION INC. 193.2 174.3 22 24
NC (RALEIGH)        
EDUCATIONAL FUNDING OF THE SOUTH 173.5 166.8 23 25
TN (KNOXVILLE)        
COMMERCE BANK 171.1 159.0 24 27
MO (ST LOUIS)        
ACADEMIC MANAGEMENT SERVICES 168.2 162.1 25 26
MA (SWANSEA)        
NORTHSTAR GUARANTEE INC 165.0 0.2 26 *
MN (ST PAUL)        
NOVA SOUTHEASTERN UNIVERSITY 163.2 121.3 27 30
FL (FORT LAUDERDALE)        
MELLON BANK 149.2 188.3 28 23
PA (PITTSBURGH)        
NEW HAMPSHIRE HIGHER ED LOAN CORP 142.1 135.5 29 29
NH (CONCORD)        
RHODE ISLAND STUDENT LOAN AUTHORITY 134.7 112.6 30 35
RI (WARWICK)        
FIRSTAR BANK 125.1 120.2 31 31
WI (MILWAUKEE)        
FIFTH THIRD BANK 123.2 114.7 32 33
OH (CINCINNATI)        
WASHINGTON MUTUAL SAVINGS BANK 120.1 146.8 33 28
WA (SEATTLE)        
TWIN CITY FEDERAL SAVINGS BANK 117.4 113.7 34 34
MN (MINNEAPOLIS)        
MERCANTILE BANK 110.7 96.1 35 37
MO (ST JOSEPH)        
ILLINOIS STUDENT ASSISTANCE COMM/IDAAP 101.2 69.0 36 45
IL (DEERFIELD)        
VERMONT ED LOAN FINANCE PROGRAM 99.4 116.4 37 32
VT (WINOOSKI)        
REGIONS BANK 95.3 97.6 38 36
AL (MOBILE)        
OHIO COLLEGE OF PODIATRIC MEDICINE 82.6 65.2 39 51
OH (CLEVELAND)        
DEPOSIT GUARANTY NATIONAL BANK 80.3 83.5 40 39
MS (JACKSON)        
MAINE EDUCATIONAL LOAN MARKETING 79.8 83.9 41 38
ME (AUGUSTA)        
CONNECTICUT STUDENT LOAN FOUND. 79.4 79.7 42 40
CT (ROCKY HILL)        
CORUS BANK 78.2 78.2 43 41
IL (CHICAGO)        
MARQUETTE BANK 75.3 67.1 44 48
MN (LAKEVILLE)        
KENTUCKY HIGHER ED STUDENT LOAN CORP 73.8 58.4 45 55
KY (LOUISVILLE)        
UNION PLANTERS BANK 70.9 69.8 46 44
TN (KNOXVILLE)        
BANK OF NORTH DAKOTA 67.1 68.8 47 46
ND (BISMARCK)        
FROST NATIONAL BANK 65.0 68.1 48 47
TX (SAN ANTONIO)        
BANK OF OKLAHOMA 64.1 70.7 49 43
OK (TULSA)        
CITIZENS BANK 63.5 55.1 50 56
RI (RIVERSIDE)        
BANCORPSOUTH BANK 63.1 59.7 51 54
MS (TUPELO)        
FIRST AMERICAN NATIONAL BANK 62.9 72.3 52 42
TN (NASHVILLE)        
BAC INTERNATIONAL CREDIT CORP 62.3 245.2 53 18
FL (MIAMI)        
UNIVERSITY OF PENNSYLVANIA 60.9 60.6 54 53
PA (PHILADELPHIA)        
FIRST SECURITY BANK 58.4 65.4 55 50
UT (SALT LAKE CITY)        
FIRST TENNESSEE BANK 57.4 51.0 56 58
TN (MARYVILLE)        
ZIONS FIRST NATIONAL BANK 55.5 65.8 57 49
UT (SALT LAKE CITY)        
GEORGIA STUDENT FINANCE AUTHORITY 55.3 64.0 58 52
GA (TUCKER)        
INDEPENDENCE FEDERAL SAVINGS BANK 51.2 46.5 59 61
DC (WASHINGTON)        
ARIZONA EDUCATIONAL LOAN MARKETING 51.1 46.2 60 62
AZ (MESA)        
UNIVERSITY OF SOUTHERN CALIFORNIA FCU 50.1 43.7 61 66
CA (LOS ANGELES)        
UNIVERSITY OF CHICAGO 49.8 45.3 62 63
IL (CHICAGO)        
STILLWATER NATIONAL BANK 49.4 47.7 63 60
OK (STILLWATER)        
HIBERNIA NATIONAL BANK 48.2 38.7 64 71
LA (BATON ROUGE)        
MARSHALL & ILSLEY BANK 47.1 53.3 65 57
WI (MILWAUKEE)        
TRUSTMARK NATIONAL BANK 45.4 41.2 66 69
MS (JACKSON)        
UNIVERSITY FEDERAL CREDIT UNION 42.9 44.7 67 64
TX (AUSTIN)        
KIRKSVILLE COLLEGE OF OSTEOPATHIC MED 41.9 37.6 68 74
MO (KIRKSVILLE)        
COMERICA BANK 41.9 37.9 69 73
MI (AUBURN HILLS)        
NEW MEXICO ED ASSISTANCE FOUNDATION 41.8 36.6 70 75
NM (ALBUQUERQUE)        
MANUFACTURERS & TRADERS BANK 38.2 42.4 71 67
NY (BUFFALO)        
OLD KENT FINANCIAL CORP 38.0 36.4 72 76
MI (GRAND RAPIDS)        
PLAINS NATIONAL BANK 36.8 26.8 73 90
TX (LUBBOCK)        
SIMMONS FIRST NATIONAL BANK 36.3 32.6 74 79
AR (PINE BLUFF)        
SOUTHTRUST BANK 35.1 21.7 75 96
AL (BIRMINGHAM)        
BANCFIRST 34.7 32.5 76 80
OK (SHAWNEE)        
FIRST FEDERAL SAVINGS BANK 34.3 38.4 77 72
WI (LACROSSE)        
EFS FINANCE CO 34.1 34.5 78 77
IN (INDIANAPOLIS)        
COLORADO STUD OBLIGATION BOND AUTH 34.0 25.1 79 91
CO (DENVER)        
LOUISIANA PUBLIC FACILITIES AUTHORITY 33.3 32.3 80 81
LA (BATON ROUGE)        
BOONE COUNTY NATIONAL BANK 33.0 24.0 81 94
MO (COLUMBIA)        
FIRST NATIONAL BANK 31.0 31.5 82 83
TX (ABILENE)        
MIDWESTERN UNIVERSITY 30.7 19.2 83 *
IL (DOWNERS GROVE)        
FIRST STATE BANK OF TEXAS 30.6 28.9 84 87
TX (DENTON)        
SECURITY SERVICE FEDERAL CREDIT UNION 30.4 27.6 85 89
TX (SAN ANTONIO)        
NAVY FEDERAL CREDIT UNION 30.1 40.0 86 70
VA (MERRIFIELD)        
KEYSTONE FINANCIAL 29.7 31.8 87 82
PA (WILLIAMSPORT)        
MICHIGAN HIGHER EDUCATION STUD LOAN 29.1 18.6 88 *
MI (LANSING)        
SALLIE MAE EDUCATION LOAN CORP 27.5 5.5 89 *
VA (RESTON)        
GUARANTY BANK & TRUST CO 25.7 24.8 90 92
KS (KANSAS CITY)        
PURDUE EMPLOYEES FCU 25.3 16.5 91 *
IN (WEST LAFAYETTE)        
WHITNEY NATIONAL BANK 25.2 17.6 92 *
LA (NEW ORLEANS)        
AGGIELAND CU 24.8 29.6 93 85
TX (COLLEGE STATION)        
ASSOCIATED BANK 24.6 28.2 94 88
WI (STEVENS POINT)        
MICHIGAN NATIONAL CORP 24.0 29.2 95 86
MI (FARMINGTON HILLS)        
STUDENT LOAN FUNDING CORP 23.9 48.6 96 59
OH (CINCINNATI)        
NORTHWESTERN UNIVERSITY 23.7 43.9 97 65
IL (EVANSTON)        
OKLAHOMA STUDENT LOAN AUTHORITY 23.3 33.7 98 78
OK (OKLAHOMA CITY)        
SUMMIT BANCORP 22.9 24.5 99 93
NJ (DAYTON)        
UNIVERSITY OF WISCONSIN CREDIT UNION 22.5 21.3 100 98
WI (MADISON)        
WACHOVIA BANK 7.3 41.2 * 68
NC (WINSTON-SALEM)        
BANK OF HAWAII 5.7 30.0 * 84
HI (HONOLULU)        
ARKANSAS STUDENT LOAN AUTHORITY 22.0 21.8 * 95
AR (LITTLE ROCK)        
FIRST AMERICAN BANK 20.5 21.5 * 97
TX (BRYAN)        
HOUSEHOLD BANK 0.0 20.6 * 99
IL (WOOD DALE)        
ONE VALLEY BANK 21.0 20.3 * 100
WV (CHARLESTON)        

  FY99 FY98
TOP 10 AS A PERCENT OF NATION 52.2 51.8
TOP 25 AS A PERCENT OF NATION 70.1 69.1
TOP 50 AS A PERCENT OF NATION 81.1 79.3
TOP 75 AS A PERCENT OF NATION 86.4 85.3
TOP 100 AS A PERCENT OF NATION 89.5 88.5

"*" INDICATES RANKING NOT IN TOP 100.

$ OF NEW GUARANTEES INCLUDES STAFFORD (SUBSIDIZED AND UNSUBSIDIZED) AND PLUS LOANS (IN MILLIONS). EXCLUDES CONSOLIDATION LOANS. DATA SOURCE: NSLDS

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Last Modified: 09/14/2004