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| Federal Student Loan Programs Data Book - FY 1997-FY 2000
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| Part II FFEL Program and FDLP Loan Volume Commitments | CONTENTS < BACK NEXT > |
Table 16.
Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998, and September 30, 1997
This table lists the top 100 holders (lender name, state, and city) of FFEL program loans for FY 1997-FY 2000 ranked by the dollar amount outstanding.
Of the thousands of lenders who participated in the FFEL program in FY 1997-FY 2000 (4,252; 4,129; 3,761; and 3,592; respectively), the top 10 lenders held an increasing proportion of the outstanding loan dollars (57.5, 57.5, 62.3, and 68.1, respectively). (See table A-15, “Federal Family Education Loan (FFEL) program annual number of active lenders: FY66-FY 2000.”) The top holder, Sallie Mae, held about one-third in FY 1997, FY 1998, and FY 1999. In FY 2000, Sallie Mae held 43.2 percent of all outstanding loan dollars. (See table 44 for FFEL program amount outstanding.)
The top 100 holders held an increasing proportion of all outstanding loan dollars from FY 1997 to FY 2000. The top 100 holders held 94.6 percent in FY 1997, 94.7 percent in FY 1998, 95.3 percent in FY 1999 and 96.2 percent in FY 2000.
Between FY 1998 and FY 2000, the outstanding dollar amount for Sallie Mae, the top holder, grew at a faster rate than did the rate for the outstanding FFEL program dollar amount. While the overall FFEL outstanding dollar amount increased from the previous year by 8.3 percent in FY 1999 and 10.6 percent in FY 2000, the Sallie Mae outstanding dollar amount increased by 17.6 percent in FY 1999 and 35.4 percent in FY 2000.
To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table16.xls.
These files are in Microsoft Excel format. If you do not have Excel, you can access the files by downloading the free Excel viewer at: http://office.microsoft.com/downloads/2000/xlviewer.aspx.
| Table 16.-Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998 and September 30, 1997 |
||||||||
| Lender name/State (City) |
FY00 Amount outstanding1 (in millions) |
FY00 |
FY99 Amount outstanding1 (in millions) |
FY99 |
FY98 Amount outstanding1 (in millions) |
FY98 |
FY97 Amount outstanding1 (in millions) |
FY97 |
|---|---|---|---|---|---|---|---|---|
| Sallie Mae/VA (Reston) |
$61,058.5 |
1 |
$45,090.5 |
1 |
$38,351.1 |
1 |
$36,399.2 |
1 |
| Citicorp/NY (Pittsford) |
13,372.6 |
2 |
9,465.8 |
2 |
8,175.5 |
2 |
7,336.3 |
2 |
| First Union National Bank/CA (Sacramento) |
5,099.0 |
3 |
4,629.6 |
4 |
2,002.1 |
12 |
654.3 |
29 |
| Norwest Bank Student Loan Center/SD (Sioux Falls) |
5,064.4 |
4 |
4,157.0 |
5 |
2,655.4 |
7 |
2,055.7 |
6 |
| Key Corp./OH (Cleveland) |
2,929.3 |
5 |
2,926.8 |
7 |
2,962.8 |
4 |
3,035.1 |
4 |
| Union Bank & Trust Company/NE (Lincoln) |
2,888.8 |
6 |
2,133.8 |
11 |
1,306.5 |
18 |
593.2 |
31 |
| Bank of America Corp./CA (Brea) |
2,775.7 |
7 |
2,642.9 |
8 |
1,210.8 |
19 |
1,286.2 |
16 |
| EFS Finance Co./IN (Indianapolis) |
2,511.6 |
8 |
1,522.1 |
18 |
1,150.0 |
22 |
861.7 |
26 |
| Penna Higher Ed Assistance Agency/PA (Harrisburg) |
2,196.9 |
9 |
1,759.8 |
13 |
1,452.6 |
17 |
1,238.7 |
18 |
| California Higher Ed Loan Authority/CA (San Francisco) |
1,855.9 |
10 |
1,689.0 |
14 |
1,499.2 |
16 |
1,251.4 |
17 |
| Pittsburgh National Corp./PA (Pittsburgh) |
1,785.6 |
11 |
1,851.5 |
12 |
1,833.7 |
14 |
1,964.8 |
7 |
| SunTrust Bank/VA (Richmond) |
1,739.6 |
12 |
1,631.5 |
15 |
304.2 |
55 |
249.9 |
66 |
| Mellon Bank/PA (Pittsburgh) |
1,599.5 |
13 |
1,581.5 |
16 |
1,516.5 |
15 |
1,430.1 |
15 |
| Missouri Higher Ed Loan Authority/MO (St. Louis) |
1,480.4 |
14 |
1,274.4 |
20 |
1,056.0 |
24 |
905.5 |
24 |
| Brazos Higher Ed Authority/TX (Waco) |
1,378.6 |
15 |
743.5 |
27 |
416.1 |
44 |
503.0 |
38 |
| South Carolina Student Loan Corp./SC (Columbia) |
1,374.5 |
16 |
1,251.4 |
21 |
1,123.1 |
23 |
974.4 |
22 |
| Brazos Student Finance Corp./TX (Waco) |
1,318.7 |
17 |
930.2 |
26 |
914.2 |
28 |
483.2 |
40 |
| National Higher Ed Loan Program/NE (Lincoln) |
1,185.9 |
18 |
1,321.7 |
19 |
1,153.7 |
21 |
1,615.6 |
12 |
| Ill. Designated Acct. Purchasing Prog./IL (Deerfield) |
1,120.9 |
19 |
1,033.1 |
22 |
805.5 |
30 |
684.9 |
28 |
| Bank One/OH (Columbus) |
1,095.5 |
20 |
1,530.6 |
17 |
2,778.5 |
6 |
2,490.4 |
5 |
| College Foundation Inc./NC (Raleigh) |
1,078.5 |
21 |
978.4 |
25 |
901.3 |
29 |
846.2 |
27 |
| Arizona Educational Loan Marketing/AZ (Mesa) |
990.9 |
22 |
992.8 |
23 |
939.5 |
27 |
896.5 |
25 |
| Fleet Bank/NY (Utica) |
969.5 |
23 |
654.7 |
31 |
1,020.9 |
26 |
1,119.6 |
20 |
| Education Finance Group/MA (S. Yarmouth) |
941.5 |
24 |
987.5 |
24 |
525.7 |
41 |
- |
* |
| Educational Funding of the South/TN (Knoxville) |
938.5 |
25 |
682.6 |
29 |
530.3 |
40 |
443.9 |
42 |
| Utah State Board of Regents/UT (Salt Lake City) |
830.1 |
26 |
741.0 |
28 |
646.4 |
33 |
582.5 |
32 |
| Vermont Ed Loan Finance Program/VT (Winooski) |
769.1 |
27 |
676.8 |
30 |
574.1 |
37 |
496.6 |
39 |
| Education Loans Inc./SD (Aberdeen) |
766.1 |
28 |
649.3 |
32 |
604.3 |
34 |
- |
* |
| Michigan Higher Ed Stud. Loan Auth./MI (Lansing) |
693.7 |
29 |
588.7 |
36 |
584.9 |
35 |
468.9 |
41 |
| Chase Manhattan Bank/NY (Garden City) |
675.5 |
30 |
645.8 |
34 |
5,356.4 |
3 |
4,233.8 |
3 |
| U S Bank/MN (St. Paul) |
654.5 |
31 |
574.1 |
37 |
739.2 |
32 |
- |
* |
| Iowa Student Loan Liquidity Corp./IA (Des Moines) |
608.0 |
32 |
553.8 |
38 |
539.7 |
39 |
526.9 |
37 |
| New Hampshire Higher Ed Loan Corp./NH (Concord) |
595.9 |
33 |
486.8 |
39 |
377.8 |
48 |
265.8 |
59 |
| Colorado Stud. Obligation Bond Auth./CO (Denver) |
591.6 |
34 |
589.5 |
35 |
581.3 |
36 |
581.3 |
33 |
| Kentucky Higher Ed Stud. Loan Corp./KY (Louisville) |
568.8 |
35 |
484.1 |
40 |
374.6 |
49 |
327.9 |
51 |
| Greater Texas Higher Ed Authority/TX (Bryan) |
566.9 |
36 |
395.6 |
49 |
337.0 |
52 |
- |
* |
| Mississippi Higher Ed Assist. Corp./MS (Jackson) |
533.7 |
37 |
425.2 |
47 |
350.9 |
51 |
337.3 |
49 |
| North Texas Higher Ed Auth./TX (Fort Worth) |
524.8 |
38 |
474.0 |
41 |
426.8 |
42 |
394.0 |
45 |
| Panhandle Plains Higher Ed Auth./TX (Canyon) |
516.0 |
39 |
451.3 |
42 |
391.7 |
46 |
304.3 |
53 |
| National City Bank/OH (Cleveland) |
513.8 |
40 |
2,310.3 |
10 |
2,179.0 |
11 |
1,889.4 |
9 |
| Rhode Island Student Loan Authority/RI (Warwick) |
512.9 |
41 |
440.1 |
43 |
368.6 |
50 |
314.9 |
52 |
| All Student Loan Corp./CA (Los Angeles) |
510.8 |
42 |
341.5 |
52 |
- |
* |
- |
* |
| Bank of North Dakota/ND (Bismarck) |
454.1 |
43 |
431.5 |
46 |
407.8 |
45 |
373.4 |
46 |
| New Mexico Ed Assistance Foundation/NM (Albuquerque) |
447.4 |
44 |
406.0 |
48 |
378.9 |
47 |
351.9 |
47 |
| Corus Bank/IL (Chicago) |
441.1 |
45 |
431.8 |
45 |
420.0 |
43 |
- |
* |
| Regions Bank/AL (Mobile) |
429.1 |
46 |
355.0 |
51 |
260.4 |
62 |
213.4 |
69 |
| Trinity Higher Ed Authority/TX (Waco) |
422.5 |
47 |
- |
* |
- |
* |
- |
* |
| Maine Educational Loan Marketing/ME (Augusta) |
420.8 |
48 |
381.8 |
50 |
336.3 |
53 |
286.5 |
55 |
| Access Group/DE (Wilmington) |
420.2 |
49 |
- |
* |
- |
* |
- |
* |
| Northstar Guarantee/MN (St. Paul) |
410.8 |
50 |
194.1 |
66 |
- |
* |
- |
* |
| Table 16. - Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998 and September 30, 1997 (continued) |
||||||||
| Lender name/State (City) |
FY00 Amount outstanding1 (in millions) |
FY00 |
FY99 Amount outstanding1 (in millions) |
FY99 |
FY98 Amount outstanding1 (in millions) |
FY98 |
FY97 Amount outstanding1 (in millions) |
FY97 |
|---|---|---|---|---|---|---|---|---|
| Marine Midland Bank/NY (Buffalo) |
396.1 |
51 |
438.4 |
44 |
542.9 |
38 |
550.5 |
36 |
| Firstar Bank/WI (Milwaukee) |
382.8 |
52 |
647.1 |
33 |
119.4 |
84 |
155.7 |
75 |
| Connecticut Student Loan Found./CT (Rocky Hill) |
344.3 |
53 |
318.5 |
54 |
292.2 |
56 |
251.3 |
64 |
| Associated Bank/WI (Stevens Point) |
338.8 |
54 |
331.1 |
53 |
- |
* |
- |
* |
| Oklahoma Student Loan Authority/OK (Oklahoma City) |
337.1 |
55 |
245.7 |
62 |
198.1 |
69 |
162.7 |
73 |
| First Tennessee Bank/TN (Maryville) |
325.7 |
56 |
294.9 |
55 |
270.1 |
60 |
252.6 |
63 |
| Montana Higher Ed Stud. Assist. Corp./MT (Helena) |
311.3 |
57 |
290.1 |
56 |
284.7 |
57 |
274.1 |
57 |
| Commerce Bank/MO (St. Louis) |
309.0 |
58 |
276.0 |
57 |
281.7 |
58 |
241.2 |
68 |
| Navy Federal Credit Union/VA (Merrifield) |
271.5 |
59 |
267.2 |
58 |
261.6 |
61 |
245.1 |
67 |
| Teachers Insur. & Annuity Assn. Of Am./NY (New York) |
258.5 |
60 |
247.8 |
61 |
255.4 |
64 |
185.0 |
71 |
| Arkansas Student Loan Authority/AR (Little Rock) |
223.5 |
61 |
192.4 |
67 |
182.8 |
70 |
159.5 |
74 |
| Wyoming Student Loan Corp./WY (Cheyenne) |
207.0 |
62 |
154.6 |
72 |
141.4 |
75 |
123.1 |
85 |
| South Texas Higher Ed Auth./TX (Austin) |
205.5 |
63 |
190.1 |
68 |
145.2 |
74 |
129.5 |
84 |
| Sovereign Bank/PA (Reading) |
200.9 |
64 |
195.4 |
65 |
204.7 |
68 |
181.1 |
72 |
| Knowledge Works Foundation/OH (Cleveland) |
199.9 |
65 |
- |
* |
- |
* |
- |
* |
| First Federal Savings Bank/WI (LaCrosse) |
196.7 |
66 |
186.8 |
69 |
175.1 |
71 |
150.9 |
77 |
| Education Services Foundation/MS (Jackson) |
187.4 |
67 |
109.1 |
83 |
100.8 |
89 |
- |
* |
| Education Services Foundation/MS (Jackson) |
187.4 |
67 |
- |
* |
- |
* |
- |
* |
| Texas Higher Ed Coordinating Board/TX (Austin) |
185.7 |
68 |
209.7 |
63 |
231.8 |
66 |
251.0 |
65 |
| American Express Assurance Co./CA (San Diego) |
181.5 |
69 |
120.2 |
79 |
77.8 |
100 |
- |
* |
| Manufacturers & Traders Bank/NY (Buffalo) |
176.3 |
70 |
181.7 |
70 |
172.4 |
72 |
134.8 |
81 |
| Louisiana Public Facilities Authority/LA (Baton Rouge) |
171.7 |
71 |
156.7 |
71 |
139.6 |
76 |
118.8 |
87 |
| San Antonio Federal Credit Union/TX (San Antonio) |
153.6 |
72 |
149.2 |
73 |
149.5 |
73 |
149.1 |
79 |
| Twin City Federal Savings Bank (TCF)/MN (Minneapolis) |
153.3 |
73 |
141.2 |
74 |
124.7 |
81 |
133.3 |
82 |
| Amsouth Bancorp/MS (Jackson) |
149.9 |
74 |
- |
* |
- |
* |
- |
* |
| Stud. Loan Acquisition Auth. Of Arizona/AZ (Scottsdale) |
139.6 |
75 |
118.3 |
80 |
127.1 |
80 |
102.5 |
90 |
| Hibernia National Bank/LA (Baton Rouge) |
134.0 |
76 |
91.7 |
91 |
- |
* |
- |
* |
| AnchorBank/WI (Madison) |
128.8 |
77 |
129.9 |
75 |
124.5 |
82 |
117.4 |
88 |
| Student Loan Finance Association/WA (Seattle) |
127.2 |
78 |
99.0 |
85 |
- |
* |
85.5 |
95 |
| Union Planters Bank/TN (Knoxville) |
122.4 |
79 |
120.7 |
78 |
121.7 |
83 |
- |
* |
| Citizens Bank/RI (Riverside) |
121.0 |
80 |
82.5 |
97 |
- |
* |
- |
* |
| Marshall & Ilsley Bank/WI (Milwaukee) |
116.4 |
81 |
257.9 |
60 |
257.8 |
63 |
270.8 |
58 |
| University of Pennsylvania/PA (Philadelphia) |
112.2 |
82 |
105.9 |
84 |
95.0 |
93 |
90.7 |
94 |
| Frost National Bank/TX (San Antonio) |
109.9 |
83 |
95.3 |
89 |
105.2 |
87 |
77.8 |
100 |