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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 15.
Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY 2000
This table summarizes key information on the top 100 lenders of the FFEL program for FY 1997-FY 2000. Lenders are ranked according to the dollar amount guaranteed in each fiscal year. The lender name, city, and state are also reported as is the percent of the total FFEL program loan amount that is captured by the top 10, 25, 50, 75, and 100 guarantors nationally.
In FY 2000, Citicorp was the largest originator of loans with $2.1 billion originated. Bank One was the largest originator of FFEL program loans in FY 1998 and FY 1999, with $1.8 billion and $1.9 billion originated, respectively. Chase Manhattan Bank was the largest originator of FFEL program loans in FY 1997 ($1.7 billion).
The top 100 lenders comprised 2.4, 2.4, 2.7, and 2.8 percent of all lenders from FY 1997 to FY 2000, respectively. These same lenders comprised 87.1, 88.5, 89.7, and 90.1 percent of the national FFEL loan volume from FY 1997-FY 2000, respectively.
In each of the three years from FY 1998-FY 2000, the top 10 lenders originated about one-half of all dollars committed to the FFEL program (51.8, 51.7, and 51.5 percent, respectively).
From FY 1997-FY 2000, the top 50 lenders originated approximately 80 percent of all FFEL dollar commitments (78.0, 79.3, 82.1, and 82.3 percent, respectively).
To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table15.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 15. - Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY2000 | ||||||||
| Lender name1/State (City)
|
Amount guaranteed2
(in millions) |
Rank1
|
||||||
|---|---|---|---|---|---|---|---|---|
| FY00
|
FY99
|
FY98
|
FY97
|
FY00
|
FY99
|
FY98
|
FY97
|
|
| Citicorp/NY (Pittsford) | $2,057.1
|
$1,820.5
|
$1,748.0
|
$1,603.6
|
1
|
2
|
2
|
2
|
| Chase Manhattan Bank/NY (Garden City) | 2,025.1
|
1,728.5
|
1,653.5
|
1,727.4
|
2
|
3
|
3
|
1
|
| Bank One/OH (Columbus) | 1,999.8
|
1,902.0
|
1,768.4
|
1,186.5
|
3
|
1
|
1
|
3
|
| Norwest Bank/SD (Sioux Falls) | 1,521.9
|
1,501.3
|
1,571.1
|
932.0
|
4
|
5
|
4
|
4
|
| Bank of America/CA (Brea) | 1,512.9
|
1,501.3
|
1,560.9
|
693.1
|
5
|
4
|
5
|
8
|
| First Union National Bank/CA (Sacramento) | 1,231.2
|
1,269.8
|
1,324.4
|
533.7
|
6
|
6
|
6
|
10
|
| National City Bank/OH (Cleveland) | 886.6
|
824.2
|
763.3
|
411.6
|
7
|
7
|
7
|
13
|
| Sallie Mae Education Loan Corp./VA (Reston) | 860.0
|
479.6
|
-
|
-
|
8
|
10
|
*
|
*
|
| American Express Assurance Co./CA (San Diego) | 565.7
|
321.0
|
219.6
|
49.3
|
9
|
17
|
21
|
63
|
| Fleet Boston Financial Corp/ RI (Providence) | 541.1
|
562.4
|
-
|
-
|
10
|
9
|
*
|
*
|
| Pittsburgh National Corp./PA (Pittsburgh) | 534.6
|
459.4
|
558.0
|
460.9
|
11
|
11
|
8
|
11
|
| Union Bank & Trust Company/NE (Lincoln) | 501.7
|
452.4
|
396.9
|
338.3
|
12
|
12
|
11
|
17
|
| Education Finance Group/MA (S. Yarmouth) | 482.9
|
568.1
|
256.0
|
-
|
13
|
8
|
16
|
*
|
| Penna Higher Ed Assistance Agency/PA (Harrisburg) | 476.1
|
400.4
|
359.3
|
346.1
|
14
|
13
|
12
|
15
|
| SunTrust Bank/VA (Richmond) | 448.6
|
380.8
|
251.7
|
82.2
|
15
|
15
|
17
|
41
|
| U S Bank/MN (St. Paul) | 431.9
|
397.8
|
406.1
|
402.1
|
16
|
14
|
10
|
14
|
| Key Corp./OH (Cleveland) | 381.5
|
338.4
|
410.6
|
801.5
|
17
|
16
|
9
|
5
|
| NorthStar Guarantee Inc./MN (St. Paul) | 280.4
|
165.0
|
-
|
-
|
18
|
26
|
*
|
*
|
| FirstStar Bank/WI (Milwaukee) | 280.3
|
232.5
|
120.2
|
62.9
|
19
|
18
|
31
|
52
|
| College Foundation Inc./NC (Raleigh) | 263.6
|
193.2
|
174.3
|
188.1
|
20
|
21
|
24
|
25
|
| Teachers Insur. & Annuity Assn. Of Am./NY (New York) | 256.2
|
219.9
|
229.3
|
209.2
|
21
|
20
|
20
|
24
|
| S C Student Loan Corp./SC (Columbia) | 252.7
|
228.6
|
230.4
|
230.1
|
22
|
19
|
19
|
22
|
| Academic Management Services/MA (Swansea) | 227.7
|
168.2
|
162.1
|
166.5
|
23
|
25
|
26
|
27
|
| Nova Southeastern University/FL (Fort Lauderdale) | 202.5
|
163.2
|
121.3
|
141.8
|
24
|
27
|
30
|
29
|
| Educational Funding of the South/TN (Knoxville) | 196.1
|
173.5
|
166.8
|
134.4
|
25
|
22
|
25
|
30
|
| Commerce Bank/MO (St. Louis) | 193.3
|
171.1
|
159.0
|
129.1
|
26
|
23
|
27
|
32
|
| Marine Midland Bank/NY (Buffalo) | 184.6
|
168.3
|
278.1
|
273.7
|
27
|
24
|
15
|
20
|
| New Hampshire Higher Ed Loan Corp./NH (Concord) | 145.9
|
142.1
|
135.5
|
129.7
|
28
|
30
|
29
|
31
|
| Rhode Island Student Loan Authority/RI (Warwick) | 142.3
|
134.7
|
112.6
|
111.2
|
29
|
31
|
35
|
33
|
| Amsouth Bancorp Ed Fin Group/MS (Jackson) | 138.6
|
143.2
|
-
|
-
|
30
|
29
|
*
|
*
|
| Illinois Student Assistance Comm/IDAAP/IL (Deerfield) | 133.8
|
101.2
|
69.0
|
-
|
31
|
35
|
45
|
*
|
| Mellon Bank/PA (Pittsburgh) | 132.2
|
149.2
|
188.3
|
228.3
|
32
|
28
|
23
|
23
|
| Twin City Federal Savings Bank/MN (Minneapolis) | 127.2
|
117.4
|
113.7
|
104.2
|
33
|
33
|
34
|
36
|
| Vermont Ed Loan Finance Program/VT (Winooski) | 122.4
|
99.4
|
116.4
|
109.1
|
34
|
36
|
32
|
35
|
| Citizens Bank/RI (Riverside) | 122.4
|
63.5
|
55.1
|
34.9
|
35
|
49
|
56
|
77
|
| Regions Bank/AL (Mobile) | 115.0
|
96.0
|
97.6
|
60.2
|
36
|
37
|
36
|
54
|
| Marquette Bank/MN (Lakeville) | 111.4
|
75.3
|
67.1
|
51.2
|
37
|
42
|
48
|
60
|
| Washington Mutual Savings Bank/WA (Seattle) | 103.4
|
120.1
|
146.8
|
157.2
|
38
|
32
|
28
|
28
|
| Connecticut Student Loan Found./CT (Rocky Hill) | 98.4
|
79.4
|
79.7
|
83.0
|
39
|
40
|
40
|
40
|
| Kentucky Higher Ed Student Loan Corp./KY (Louisville) | 91.0
|
73.8
|
58.4
|
53.4
|
40
|
44
|
55
|
58
|
| Educational Funding Services Inc/TX (Waco) | 84.0
|
103.4
|
-
|
-
|
41
|
34
|
*
|
*
|
| Ohio College of Podiatric Medicine/OH (Cleveland) | 80.7
|
82.6
|
65.2
|
45.1
|
42
|
38
|
51
|
70
|
| Corus Bank/IL Chicago | 78.5
|
78.2
|
78.2
|
84.9
|
43
|
41
|
41
|
38
|
| BankCorpSouth/MS (Tupelo) | 77.5
|
73.9
|
59.7
|
52.6
|
44
|
43
|
54
|
59
|
| Arizona Educational Loan Marketing/AZ (Mesa) | 74.3
|
51.1
|
46.2
|
56.2
|
45
|
57
|
62
|
56
|
| Maine Educational Loan Marketing/ME (Augusta) | 74.3
|
79.8
|
83.9
|
77.3
|
46
|
39
|
38
|
45
|
| Union Planters Bank/TN (Knoxville) | 72.6
|
70.9
|
69.8
|
60.4
|
47
|
45
|
44
|
53
|
| University of Pennsylvania/PA (Philadelphia) | 71.0
|
60.9
|
60.6
|
50.8
|
48
|
51
|
53
|
61
|
| Bank of North Dakota/ND (Bismarck) | 66.3
|
67.1
|
68.8
|
66.1
|
49
|
46
|
46
|
49
|
| Table 15. - Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY 2000 (continued) | ||||||||
| Lender name1/State (City)
|
Amount guaranteed2
(in millions) |
Rank1
|
||||||
|---|---|---|---|---|---|---|---|---|
| FY00
|
FY99
|
FY98
|
FY97
|
FY00
|
FY99
|
FY98
|
FY97
|
|
| First Tennessee Bank/TN (Maryville) | $65.2
|
$57.4
|
$51.0
|
$50.0
|
50
|
53
|
58
|
62
|
| Frost National Bank/TX (San Antonio) | 65.2
|
65.0
|
68.1
|
64.0
|
51
|
47
|
47
|
51
|
| Stillwater National Bank/OK (Stillwater) | 62.0
|
49.4
|
47.7
|
47.6
|
52
|
60
|
60
|
65
|
| Bank of Oklahoma/OK (Tulsa) | 60.1
|
64.1
|
70.7
|
69.2
|
53
|
48
|
43
|
48
|
| Hibernia National Bank/LA (Baton Rouge) | 59.7
|
48.2
|
38.7
|
28.9
|
54
|
61
|
71
|
89
|
| Georgia Student Finance Authority/GA (Tucker) | 59.5
|
55.3
|
64.0
|
64.6
|
55
|
55
|
52
|
50
|
| Independence Federal Savings Bank/DC (Washington) | 57.7
|
51.2
|
46.5
|
40.9
|
56
|
56
|
61
|
72
|
| University of Southern California FCU/CA (Los Angeles) | 56.3
|
50.1
|
43.7
|
26.8
|
57
|
58
|
66
|
92
|
| First Security Bank/UT (Salt Lake City) | 53.3
|
58.4
|
65.4
|
60.2
|
58
|
52
|
50
|
55
|
| EFS Finance Co./IN (Indianapolis) | 53.2
|
34.1
|
34.5
|
22.9
|
59
|
75
|
77
|
96
|
| University of Chicago/IL (Chicago) | 51.7
|
49.8
|
45.3
|
34.3
|
60
|
59
|
63
|
81
|
| Manufacturers & Tradeers Bank/NY (Buffalo) | 49.9
|
38.2
|
42.4
|
42.0
|
61
|
68
|
67
|
67
|
| Zions First National Bank/UT (Salt Lake City) | 49.6
|
55.5
|
65.8
|
53.5
|
62
|
54
|
49
|
57
|
| Marshall & Ilsley Bank/WI (Milwaukee) | 49.0
|
47.1
|
53.3
|
70.3
|
63
|
62
|
57
|
47
|
| New Mexico Ed. Assistance Foundation/NM (Albuquerque) | 48.3
|
41.8
|
36.6
|
31.5
|
64
|
67
|
75
|
84
|
| Comerica Bank/MI (Auburn Hills) | 47.2
|
41.9
|
37.9
|
42.9
|
65
|
66
|
73
|
66
|
| TrustMark National Bank/MS (Jackson) | 46.1
|
45.4
|
41.2
|
37.0
|
66
|
63
|
69
|
75
|
| Plains National Bank/TX (Lubbock) | 46.0
|
36.8
|
26.8
|
-
|
67
|
70
|
90
|
*
|
| University Federal Credit Union/TX (Austin) | 45.1
|
42.9
|
44.7
|
49.3
|
68
|
64
|
64
|
64
|
| Simmons First National Bank/AR (Pine Bluff) | 42.3
|
36.3
|
32.6
|
28.6
|
69
|
71
|
79
|
90
|
| Old Kent Financial Corp./MI (Grand Rapids) | 42.0
|
38.0
|
36.4
|
29.7
|
70
|
69
|
76
|
87
|
| Midwestern University/IL (Downers Grove) | 41.6
|
30.7
|
-
|
-
|
71
|
80
|
*
|
*
|
| BancFirst/OK (Shawnee) | 38.3
|
34.7
|
32.5
|
30.4
|
72
|
73
|
80
|
85
|
| Kirksville College of Osteopathic Med./MO (Kirksville) | 38.3
|
41.9
|
37.6
|
41.9
|
73
|
65
|
74
|
69
|
| Boone County National Bank/MO (Columbia) | 38.2
|
33.0
|
24.0
|
21.7
|
74
|
78
|
94
|
100
|
| SouthTrust Bank/AL (Birmingham) | 36.5
|
35.1
|
21.7
|
-
|
75
|
72
|
96
|
*
|
| First Federal Savings Bank/WI (LaCrosse) | 36.5
|
34.3
|
38.4
|
41.0
|
76
|
74
|
72
|
71
|
| Colorado Stud. Obligation Bond Auth/CO (Denver) | 35.4
|
34.0
|
25.1
|
-
|
77
|
76
|
91
|
*
|
| BAC International Credit Corp./FL (Miami) | 34.9
|
62.3
|
245.2
|
417.2
|
78
|
50
|
18
|
12
|
| Navy Federal Credit Union/VA (Merrifield) | 34.5
|
30.1
|
40.0
|
42.0
|
79
|
84
|
70
|
68
|
| Louisiana Public Facilities Authority/LA (Baton Rouge) | 33.3
|
33.3
|
32.3
|
34.4
|
80
|
77
|
81
|
80
|
| First State Bank of Texas/TX (Denton) | 32.9
|
30.6
|
28.9
|
28.2
|
81
|
81
|
87
|
91
|
| Whitney National Bank/LA (New Orleans) | 32.7
|
25.2
|
-
|
-
|
82
|
89
|
*
|
*
|
| Security Service Federal Credit Union/TX (San Antonio) | 31.9
|
30.4
|
27.6
|
22.9
|
83
|
82
|
89
|
95
|
| Purdue Employees FCU/IN (West Lafayette) | 31.8
|
25.3
|
-
|
-
|
84
|
88
|
*
|
*
|
| All Student Loan Corp/CA (Los Angeles) | 30.7
|
-
|
-
|
-
|
85
|
*
|
*
|
*
|
| Northwestern University/IL (Evanston) | 30.6
|
23.7
|
43.9
|
39.1
|
86
|
93
|
65
|
73
|
| First National Bank/TX (Abilene) | 29.9
|
31.0
|
31.5
|
29.8
|
87
|
79
|
83
|
86
|
| Western Univ Of Health Sciences/CA (Pomona) | 29.8
|
-
|
-
|
-
|
88
|
*
|
*
|
*
|
| Aggieland CU/TX (College Station) | 29.6
|
24.8
|
29.6
|
33.4
|
89
|
90
|
85
|
82
|
| Michigan Higher Education Stud. Loan/MI (Lansing) | 29.5
|
29.1
|
-
|
-
|
90
|
86
|
*
|
*
|
| Guaranty Bank & Trust Co./KS (Kansas City) | 29.3
|
25.7
|
24.8
|
-
|
91
|
87
|
92
|
*
|
| Keystone Financial/PA (Williamsport) | 28.6
|
29.7
|
31.8
|
22.8
|
92
|
85
|
82
|
97
|
| Wyoming Student Loan Corp/WY (Cheyenne) | 28.4
|
20.8
|
-
|
-
|
93
|
99
|
*
|
*
|
| Summit Bancorp/NJ (Dayton) | 28.2
|
30.3
|
24.5
|
23.9
|
94
|
83
|
93
|
94
|
| Arkansas Student Loan Authority/AR (Little Rock) | 28.2
|
22.0
|
21.8
|
-
|
95
|
96
|
95
|
*
|
| University Of Missouri/MO (Columbia) | 27.3
|
-
|
-
|
-
|
96
|
*
|
*
|
*
|
| Fifth Third Bank/OH (Cincinnati) | 26.8
|
-
|
114.7
|
84.8
|
97
|
*
|
33
|
39
|
| University of Wisconsin Credit Union/WI (Madison) | 25.8
|
22.5
|
21.3
|
-
|
98
|
95
|
98
|
*
|
| Table 15. - Federal Family Education Loan (FFEL) program top 100 originators: FY97-FY00 (continued) |
||||||||
|
Lender name1/State (City) |
Amount guaranteed2 |
Rank1 |
||||||
|---|---|---|---|---|---|---|---|---|
| FY00 |
FY99 |
FY98 |
FY97 |
FY00 |
FY99 |
FY98 |
FY97 |
|
| Associated Bank/WI (Stevens Point) |
$25.4 |
$24.6 |
$28.2 |
- |
99 |
91 |
88 |
* |
| Citizens State Bank/TX (Sealy) |
25.3 |
22.0 |
- |
- |
100 |
97 |
* |
* |
| One Valley Bank/WV (Charleston) |
- |
21.0 |
20.3 |
- |
* |
98 |
100 |
* |
| Guaranty Federal Bank/TX (Dallas) |
- |
20.8 |
- |
- |
* |
100 |
* |
* |
| Michigan National Corp./MI (Farmington Hills) |
- |
24.0 |
29.2 |
$29.5 |
* |
92 |
86 |
88 |
| Oklahoma Student Loan Authority/OK (Oklahoma City) |
- |
23.3 |
33.7 |
34.9 |
* |
94 |
78 |
78 |
| Fleet Bank/NY (Utica) |
- |
329.2 |
330.1 |
340.2 |
* |
15 |
13 |
16 |
| Nellie Mae/MA (Braintree) |
- |
311.4 |
294.1 |
230.7 |
* |
17 |
14 |
21 |
| Bank of Boston Corp./RI (Providence) |
- |
233.2 |
202.9 |
176.1 |
* |
19 |
22 |
26 |
| Mercantile Bank/MO (St. Joseph) |
- |
110.7 |
96.1 |
79.5 |
* |
35 |
37 |
42 |
| Deposit Guaranty National Bank/MS (Jackson) |
- |
80.3 |
83.5 |
74.7 |
* |
40 |
39 |
36 |
| First American National Bank/TN (Nashville) |
- |
62.9 |
72.3 |
84.9 |
* |
52 |
42 |
44 |
| Student Loan Funding Corp./OH (Cincinnati) |
- |
23.9 |
48.6 |
109.5 |
* |
96 |
59 |
34 |
| Educaid, Trans World Insurance Co/CA (Sacramento) |
- |
- |
748.7 |
627.1 |
* |
* |
6 |
9 |
| Nations Bank/MO (North Kansas City) |
- |
- |
747.5 |
759.5 |
* |
* |
7 |
6 |
| Wells Fargo Bank/CA (Pleasant Hill) |
- |
- |
693.4 |
699.9 |
* |
* |
9 |
7 |
| First Chicago NBD Corp/MI (Grand Blanc) |
- |
- |
313.6 |
294.9 |
* |
* |
17 |
18 |
| Crestar Bank/VA (Richmond) |
- |
- |
139.6 |
79.3 |
* |
* |
32 |
43 |
| SeaFirst Bank/WA (Seattle) |
- |
- |
98.0 |
93.1 |
* |
* |
40 |
37 |
| Star Bank/OH (Cincinnati) |
- |
- |
54.0 |
38.0 |
* |
* |
62 |
74 |
| Illinois Designated Acct Purch Prog/IL (Deerfield) |
- |
- |
47.6 |
- |
* |
* |
67 |
* |
| Wachovia Bank/NC (Winston-Salem) |
- |
- |
41.2 |
35.4 |
* |
* |
68 |
76 |
| Bank of Hawaii/HI (Honolulu) |
- |
- |
30.0 |
33.4 |
* |
* |
84 |
83 |
| First American Bank/TX (Bryan) |
- |
- |
21.5 |
- |
* |
* |
97 |
* |
| Household Bank/IL (Wood Dale) |
- |
- |
20.6 |
277.5 |
* |
* |
99 |
19 |
| Meridian Bank/PA (Reading) |
- |
- |
- |
34.5 |
* |
* |
* |
79 |
| San Antonio Federal Credit Union/TX (San Antonio) |
- |
- |
- |
26.6 |
* |
* |
* |
93 |
| First Financial Bank/WI (Stevens Point) |
- |
- |
- |
22.7 |
* |
* |
* |
98 |
| Bank of New York/NY (Harrison) |
- |
- |
- |
21.8 |
* |
* |
* |
99 |
| Percent of amount guaranteed |
FY00 |
FY99 |
FY98 |
FY97 |
|
|||
| Top 10 as percent of Nation |
51.5 |
51.7 |
51.8 |
44.5 |
||||
| Top 25 as percent of Nation |
71.8 |
71.4 |
69.1 |
66.1 |
||||
| Top 50 as percent of Nation |
82.3 |
82.1 |
79.3 |
78.0 |
||||
| Top 75 as percent of Nation |
87.2 |
86.9 |
85.3 |
83.7 |
||||
| Top 100 as percent of Nation |
90.1 |
89.7 |
88.5 |
87.1 |
||||
| - Not applicable. |
||||||||
| Part II FFEL Program and FDLP Loan Volume Commitments | CONTENTS < BACK NEXT > |
| Federal Student Loan Programs Data Book - FY 1997-FY 2000 |
|