Table A-45. - Sallie Mae loan purchases and warehousing advances: Calendar years 1973-2000

Student loan purchases¹ ($ in 000,000's)

1973

$0

$0

1974

4

4

1975

67

71

1976

131

197

1977

92

271

1978

210

438

1979

349

732

1980

595

1,217

1981

1,042

2,072

1982

1,362

3,222

1983

1,687

4,581

1984

1,469

5,573

1985

1,876

6,799

1986

2,303

8,175

1987

3,224

10,043

1988

4,861

13,202

1989

4,987

16,029

1990

5,973

19,242

1991

6,301

22,068

1992

5,772

24,173

1993

6,675

26,804

1994

7,956

30,370

1995

9,380

34,336

1996

8,371

32,308

1997

9,040

29,443²

1998

8,417

28,283²

1999

13,680

33,809²

2000

20,563

37,647²

Cumulative total

126,387

391,109

Warehousing advances ($ in 000,000's)

1973

$76

$76

1974

155

192

1975

169

236

1976

89

214

1977

158

242

1978

231

414

1979

352

708

1980

811

1,422

1981

1,410

2,755

1982

716

3,191

1983

676

3,285

1984

1,207

4,230

1985

1,686

5,481

1986

1,957

6,527

1987

2,481

8,329

1988

1,456

7,944

1989

2,484

8,384

1990

5,612

9,270

1991

3,952

9,395

1992

1,806

8,085

1993

1,813

7,034

1994

3,377

7,032

1995

2,250

3,865

1996

1,392

2,790

1997

1,869

2,518

1998

1,543

1,718

1999

1,043

1,173

2000

987

825

Cumulative total

41,759

107,332

¹ Student loan purchases include Stafford Subsidized, Stafford Unsubsidized, Parent Loans for UndergraduateStudents (PLUS), Supplemental Loan for Students (SLS), Federal Insured Student Loan Program (FISLP), and Health Education Assistance Loans (HEAL).

² The dollar amounts for calendar years 1997, 1998, 1999, and 2000 represent approximately one-quarter of the FFEL program dollars outstanding. (See FFEL dollars outstanding in table 44.)

NOTES: Sallie Mae provides a national secondary market for the FFEL program. Its main function is to purchase loans andprovide warehousing advances to participating lenders. Details may not add to totals due to rounding. Corresponds to table 45.

SOURCE: Sallie Mae Annual Report.