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U.S. Department of Education

U.S. Department of Education

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Financial AidFINANCIAL AID PROFESSIONALS

## 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 9/3/98TOP 10 AS A PERCENT OF NATION57.5TOP 25 AS A PERCENT OF NATION75.3TOP 50 AS A PERCENT OF NATION87.4TOP 75 AS A PERCENT OF NATION92.5TOP 100 AS A PERCENT OF NATION94.7
$ 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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