FINANCIAL AID PROFESSIONALS
Top Holders of FFELP Loans 1997-1998

Top 100 Current Holders of FFELP Loans -- FY97 and FY98

(Dollars in Millions)

LENDER NAME/ STATE(S)/(CITY)(#LID'S) $OUTSTANDING AS OF 9/30/98
1 SALLIE MAE / DC (WASHINGTON, D.C.) 38,351.1
2 CITICORP / NY (PITTSFORD) 8,175.5
3 CHASE MANHATTAN BANK / NY (GARDEN CITY) 5,356.4
4 KEY CORP / OH (CLEVELAND) 2,962.8
5 SECONDARY MARKET SERVICES / IN (INDIANAPOLIS) 2,894.4
6 BANK ONE / OH (COLUMBUS) 2,778.5
7 NORWEST BANK STUDENT LOAN CENTER / SD (SIOUX FALLS) 2,655.4
8 NATIONS BANK / MO (NORTH KANSAS CITY) 2,361.4
9 STUDENT LOAN FUNDING CORP / OH (CINCINNATI) 2,230.2
10 NELLIE MAE / MA (BRAINTREE) 2,198.5
11 NATIONAL CITY BANK / OH (CLEVELAND) 2,179.0
12 FIRST UNION NATIONAL BANK / NJ (NORTH BRUNSWICK) 2,002.1
13 EDUCAID, TRANS WORLD INSURANCE CO / CA (SACRAMENTO) 1,963.4
14 PITTSBURGH NATIONAL CORP / PA (PITTSBURGH) 1,833.7
15 MELLON BANK / PA (PITTSBURGH) 1,516.5
16 CALIFORNIA HIGHER ED LOAN AUTHORITY / CA (SAN FRANCISCO) 1,499.2
17 PENNA HIGHER ED ASSISTANCE AGENCY / PA (HARRISBURG) 1,452.6
18 UNION BANK & TRUST COMPANY / NE (LINCOLN) 1,306.5
19 BANK OF AMERICA / CA (BREA) 1,210.8
20 WELLS FARGO BANK / CA (PLEASANT HILL) 1,175.4
21 NATIONAL HIGHER ED LOAN PROGRAM / NE (LINCOLN) 1,153.7
22 EFS FINANCE CO / IN (INDIANAPOLIS) 1,150.0
23 SOUTH CAROLINA STUDENT LOAN CORP / SC (COLUMBIA) 1,123,1
24 MISSOURI HIGHER ED LOAN AUTHORITY / MO (ST LOUIS) 1,056.0
25 CRESTAR BANK / VA (RICHMOND) 1,026.6
26 FLEET BANK / NY (UTICA) 1,020.9
27 ARIZONA EDUCATIONAL LOAN MARKETING / 939.5
28 BRAZOS STUDENT FINANCE CORP / TX (WACO) 914.2
29 COLLEGE FOUNDATION INC. / NC (RALEIGH) 901.3
30 ILL. DESIGNATED ACCT. PURCHASE PROG / IL (DEERFIELD) 805.5
31 FIRST CHICAGO NBD CORP / MI (GRAND BLANC) 803.5
32 U S BANK / MN (ST PAUL) 739.2
33 UTAH STATE BOARD OF REGENTS / UT (SALT LAKE CITY) 646.4
34 EDUCATION LOANS INC / SD (ABERDEEN) 604.3
35 MICHIGAN HIGHER ED STUD LOAN AUTH / MI (LANSING) 584.9
36 COLORADO STUD OBLIGATION BOND AUTH / CO (DENVER) 581.3
37 VERMONT ED LOAN FINANCE PROGRAM / VT (WINOOSKI) 574.1
38 MARINE MIDLAND BANK / NY (BUFFALO) 542.9
39 IOWA STUD LOAN LIQUIDITY CORP / IA (DES MOINES) 539.7
40 EDUCATIONAL FUNDING OF THE SOUTH / TN (KNOXVILLE) 530.3
41 EDUCATION FINANCE GROUP / MA (HYANNIS) 525.7
42 NORTH TEXAS HIGHER ED AUTHORITY / TX (FORT WORTH) 426.8
43 CORUS BANK / IL (CHICAGO) 420.0
44 BRAZOS HIGHER ED AUTHORITY / TX (WACO) 416.1
45 BANK OF NORTH DAKOTA / ND (BISMARCK) 407.8
46 PANHANDLE PLANS HIGHER ED AUTH / TX (CANYON) 391.7
47 NEW MEXICO ED ASSISTANCE FOUNDATION / NM (ALBUQUERQUE) 378.9
48 NEW HAMPSHIRE HIGHER ED LOAN CORP / NH (CONCORD) 377.8
49 KENTUCKY HIGHER ED STUD LOAN CORP / KY (LOUISVILLE) 374.6
50 RHODE ISLAND STUDENT LOAN AUTHORITY / RI (WARWICK) 368.6
51 MISSISSIPPI HIGHER ED ASSIST CORP / MS (JACKSON) 350.9
52 GREATER TEXAS HIGHER ED AUTHORITY / TX (BRYAN) 337.0
53 MAINE EDUCATIONAL LOAN MARKETING / ME (AUGUSTA) 336.3
54 STUDENT ED LOAN MARKETING CORP / CA (LOS ANGELES) 311.7
55 SUNTRUST BANK / TN (MURFREESBORO) 304.2
56 CONNECTICUT STUDENT LOAN FOUND / CT (ROCKY HILL) 292.2
57 MONTANA HIGH ED STUD ASSIST CORP / MT (HELENA) 284.7
58 COMMERCE BANK / MO (ST LOUIS) 281.7
59 FIRST FINANCIAL BANK / WI (STEVENS POINT) 275.2
60 FIRST TENNESSEE BANK / TN (MARYVILLE) 270.1
61 NAVY FEDERAL CREDIT UNION / VA (MERRIFIELD) 261.6
62 REGIONS BANK / AL (MOBILE) 260.4
63 MARSHALL & ILSLEY BANK / WI (MILWAUKEE) 257.8
64 TEACHERS INSUR & ANNUITY ASSN OF AM / NY (NEW YORK) 255.4
65 BANK OF BOSTON CORP / RI (PROVIDENCE) 247.2
66 TEXAS HIGHER ED COORDINATING BOARD / TX (AUSTIN) 231.8
67 INDIANA SECONDARY MARKET / IN (INDIANAPOLIS) 229.9
68 SOVEREIGN BANK / PA (READING) 204.7
69 OKLAHOMA STUDENT LOAN AUTHORITY / OK (OKLAHOMA CITY) 198.1
70 ARKANSAS STUDENT LOAN AUTHORITY / AR (LITTLE ROCK) 182.8
71 FIRST FEDERAL SAVINGS BANK / WI (LACROSSE) 175.1
72 MANUFACTURERS & TRADING BANK / NY (BUFFALO) 172.4
73 SAN ANTONIO FEDERAL CREDIT UNION / TX (SAN ANTONIO) 149.5
74 SOUTH TEXAS HIGHER ED AUTHORITY / TX (AUSTIN) 145.2
75 WYOMING STUDENT LOAN CORP / WY (CHEYENNE) 141.4
76 LOUISIANA PUBLIC FACILITIES AUTHORITY / LA (BATON ROUGE) 139.6
77 DEPOSIT GUARANTY NATIONAL BANK / MS (JACKSON) 133.3
78 OLD KENT FINANCIAL CORP / MI (GRAND RAPIDS) 130.0
79 HARVARD UNIVERSITY / MA (CAMBRIDGE) 128.3
80 STUD LOAN ACQUISITION AUTH OF ARIZONA / AZ (SCOTTSDALE) 127.1
81 WIN CITY FEDERAL SAVINGS BANK (TCF) / MN (MINNEAPOLIS) 124.7
82 ANCHORBANK / WI (MADISON) 124.5
83 UNION PLANTERS BANK / MS (JACKSON) 121.7
84 FIRSTAR BANK / WI (MILWAUKEE) 119.4
85 MERCANTILE BANK / MO (ST JOSEPH) 118.9
86 WASHINGTON MUTUAL SAVINGS BANK / WS (SEATTLE) 113.4
87 FROST NATIONAL BANK / TX (SAN ANTONIO) 105.2
88 BAC INTERNATIONAL CREDIT CORP / FL (MIAMI) 104.9
89 EDUCATION SERVICES FOUNDATION / MS (JACKSON) 100.8
90 ALBANY SAVINGS BANK / NY (ALBANY) 97.9
91 STUDENT LOAN FINANCE ASSOCIATION / WA (SEATTLE)
92 BANCORPSOUTH BANK / MS (TUPELO) 95.5
93 UNIVERSITY OF PENNSYLVANIA / PA (PHILADELPHIA 95.0
94 SEAFIRST BANK / WA (SEATTLE) 94.7
95 SUMMIT BANCORP / NJ (DAYTON) 84.9
96 UNIVERSITY OF WISCONSIN CREDIT UNION / WI (MADISON) 84.6
97 GEORGIA STUDENT FINANCE AUTHORITY / GA (TUCKER) 83.2
98 ZIONS FIRST NATIONAL BANK / UT (SALT LAKE CITY) 81.9
99 COMERCIA BANK / MI (DETROIT) 78.8
100 AMERICAN EXPRESS ASSURANCE CO / CA (SAN DIEGO) 77.8
AS OF 9/3/98
TOP 10 AS A PERCENT OF NATION 57.5
TOP 25 AS A PERCENT OF NATION 75.3
TOP 50 AS A PERCENT OF NATION 87.4
TOP 75 AS A PERCENT OF NATION 92.5
TOP 100 AS A PERCENT OF NATION 94.7

$ OUTSTANDING INCLUDES STAFFORD, PLUS, SLS, AND CONSOLIDATION LOANS ( IN MILLIONS). SECURITIZED LOANS ARE REPORTED UNDER THE ORIGINAL HOLDER. SOURCE = ED FORM 799.


 
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Last Modified: 09/04/2003