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The following tables show the top 100 originators, holders and consolidators of Federal Family Education Loan Program loans. (The list of originators is accurate as of March 28, 2008, and represents FY2007 data. The list of consolidators is accurate as of April 3, 2008, and represents FY2007 data. The list of holders is accurate as of April 14, 2008 and represents FY2007 data. This is the most recent data available.) The figures for origination exclude consolidation loans. The figures for holders include consolidation loans.

Lenders that hold the most loans accomplish this either by buying the loans directly from originators, by originating the loans themselves and not reselling them, or by consolidating a lot of loans held by other lenders.

Based on these statistics, the largest purchaser of student loans is Sallie Mae, followed by Nelnet, GCO-ELF, Brazos Group, Educational Services America, PHEAA and JPMorgan Chase. (Some of the growth may have been through acquisition of other education lenders.) Similarly, the lenders with the greatest reductions in their holdings net of originations include Wachovia, IDAPP, Bank of America, Wells Fargo, Edamerica, U.S. Bank, Regions Bank, PNC Bank, Suntrust and Citizens Bank. Lenders who appear to have been growing through consolidation include Student Loan Xpress and Next Student.

Originators

These lenders originate 91.5% of all FFELP loans. The total of FFELP loan originations for all lenders was $47.5 billion in FY2007, down from $49.7 billion in FY2006.

Rank	Lender	Origination Volume
1.	Sallie Mae	$9,002,313,480
2.	Citi Student Loans	$4,764,349,582
3.	Bank of America	$3,261,557,376
4.	JP Morgan Chase Bank	$3,064,653,064
5.	Wells Fargo Education Financial Services	$2,954,783,938
6.	Wachovia Education Finance Inc.	$2,934,467,940
7.	College Loan Corp	$1,493,281,941
8.	U.S. Bank	$1,332,534,098
9.	EdAmerica	$1,303,749,892
10.	Access Group	$1,124,879,576
11.	Northstar Guarantee	$1,062,054,864
12.	Education Lending Group (Student Loan Xpress)	$1,020,462,783
13.	Suntrust Bank	$948,266,318
14.	National Education Loan Network (NELNET)	$891,458,759
15.	Pittsburgh National Corp	$838,946,003
16.	Citizens Bank Education Finance	$715,970,520
17.	College Foundation Inc.	$662,231,892
18.	Regions Bank	$647,095,300
19.	Pennsylvania Higher Education Assistance Agency (PHEAA)	$624,118,540
20.	Fifth Third Bank	$567,236,817
21.	Kentucky Higher Education Student Loan Corp	$547,235,201
22.	Carnegie Insurance Company	$514,691,810
23.	South Carolina Student Loan Corp	$490,894,591
24.	National City Bank	$457,254,195
25.	College Board/College Credit	$434,298,830
26.	Brazos Group	$427,548,558
27.	Illinois Student Assistance Commission/IDAPP	$395,466,487
28.	Bank of Lake Mills	$373,477,866
29.	Walden University	$353,208,941
30.	Dollar Bank	$348,217,001
31.	Nova Southeastern University	$338,861,748
32.	Key Corp	$330,792,610
33.	Vermont Student Assistance Corporation (VSAC)	$298,864,817
34.	Commerce Bank	$296,067,428
35.	Union Bank \& Trust Company	$279,353,771
36.	All Student Loan Corp	$251,808,370
37.	Rhode Island Student Loan Authority (RISLA)	$227,453,423
38.	Manufacturers & Traders Bank	$213,943,152
39.	Comerica Bank	$203,810,848
40.	College Solutions Network	$203,199,238
41.	New Hampshire Higher Education Loan Corp	$198,114,219
42.	CollegeInvest (Colorado)	$190,821,833
43.	HSBC Bank USA	$182,320,863
44.	Twin City Federal Savings Bank (TCF)	$163,667,456
45.	Affinity Direct	$161,969,282
46.	University of Phoenix	$151,523,562
47.	Franklin Bank, SSB	$150,058,074
48.	Stillwater National Bank	$148,297,983
49.	New Mexico Education Assistance Foundation (NMEAF)	$140,726,349
50.	First National Bank (Sioux Falls, SD)	$132,867,343
51.	USC Credit Union	$131,112,352
52.	Webster University	$130,406,282
53.	Purdue Employees FCU	$122,503,958
54.	Graduate Leverage	$117,075,551
55.	Michigan State University	$115,932,085
56.	Bancorp South Bank	$114,792,115
57.	Connecticut Student Loan Foundation	$108,642,249
58.	Capital One, NA	$108,111,055
59.	Next Student	$103,987,646
60.	University of Pennsylvania	$100,647,380
61.	First Tennessee Bank	$99,092,828
62.	Massachusetts Educational Financing Authority (MEFA)	$96,945,455
63.	Midwestern University	$95,989,995
64.	Goal Financial	$91,158,137
65.	Bank of North Dakota	$90,059,852
66.	Frost National Bank	$88,205,082
67.	Associated Bank	$87,461,449
68.	Louisiana Public Facilities Authority	$86,576,131
69.	Kansas State Bank	$85,781,905
70.	University Federal Credit Union	$84,964,677
71.	Boone County National Bank	$84,199,672
72.	Arvest	$82,402,501
73.	Marshall & Isley Bank	$81,133,606
74.	Arkansas Student Loan Authority	$79,470,828
75.	Lasalle Bank	$78,327,143
76.	Indiana Secondary Market (ISM)	$78,257,606
77.	Compass Bank	$78,192,585
78.	Provincial Bank Academic Funding Group	$78,070,460
79.	University of Missouri	$77,128,455
80.	Palmer College of Chiropractic	$76,569,957
81.	Zions First National Bank	$70,931,752
82.	George Washington University	$68,981,293
83.	Western University of Health Sciences	$68,730,426
84.	Drexel University	$68,429,977
85.	Wayne State University	$67,645,970
86.	University of Colorado	$67,270,776
87.	Independence FSB	$66,389,641
88.	University of Denver	$65,743,033
89.	University of Miami	$63,443,819
90.	American University	$60,378,407
91.	PlainsCapital Bank	$59,584,470
92.	Sovereign Bank FSB	$57,966,680
93.	Georgia Student Finance Authority	$57,559,636
94.	Banc First	$56,928,991
95.	Tufts University	$56,239,268
96.	Simmons First National Bank	$56,027,790
97.	University of Chicago	$55,982,524
98.	U.S. Bank ELT Pcom Student Loan LLC	$55,592,302
99.	Education Services Foundation	$55,013,680
100.	Bank of NY ELT Ed Loan Trust IV, LLC	$54,374,724

Holders

These lenders hold 98.6% of all FFELP loans. The total of FFELP loan holdings for all lenders was $367.6 billion in FY2007, up from $324.9 billion in FY2006 and $281.6 billion in FY2005. Many of the largest holders of student loans are secondary markets.

Rank	Lender	Holder Volume
1.	Sallie Mae	$128,088,487,338
2.	Citi Student Loan Corp	$28,037,951,138
3.	National Education Loan Network (NELNET)	$25,770,105,156
4.	Brazos Group	$14,390,646,367
5.	Wells Fargo Education Financial Services	$11,996,236,746
6.	Pennsylvania Higher Education Assistance Agency (PHEAA)	$11,983,635,543
7.	Wachovia Education Finance	$10,963,551,712
8.	JP Morgan Chase Bank	$10,250,360,767
9.	College Loan Corporation	$10,241,980,279
10.	Student Loan Xpress	$10,129,828,735
11.	Goal Financial	$7,540,510,094
12.	GCO Education Loan Funding	$6,412,745,796
13.	Access Group	$5,562,258,872
14.	Northstar Guarantee	$4,959,459,633
15.	Missouri Higher Education Loan Authority (MOHELA)	$4,543,638,260
16.	Bank of America	$4,541,269,334
17.	EdAmerica/Edsouth	$3,334,324,623
18.	Suntrust Bank	$3,170,036,978
19.	College Foundation Inc.	$2,869,586,967
20.	South Carolina Student Loan Corp	$2,652,573,227
21.	Education Loans Inc. (Aberdeen, SD)	$2,434,697,216
22.	Iowa Student Loan Liquidity Corp (ISLLC)	$2,209,365,848
23.	Academic Loan Group	$2,138,104,131
24.	Key Corp	$2,035,022,164
25.	Panhandle Plains Higher Education Authority	$1,979,451,120
26.	Kentucky Higher Education Student Loan Corp	$1,947,507,009
27.	Indiana Secondary Market (ISM)	$1,820,322,628
28.	Education Loan Trust	$1,807,251,853
29.	Michigan Higher Education Student Loan Authority (MHESLA)	$1,783,972,105
30.	Utah State Board of Regents	$1,783,799,136
31.	NextStudent	$1,725,530,353
32.	Vermont Student Assistance Corporation (VSAC)	$1,682,929,871
33.	U.S. Bank	$1,662,796,790
34.	Montana Higher Education Student Assistance Corp (MHESAC)	$1,611,282,471
35.	Educational Services America	$1,452,231,032
36.	North Texas Higher Education Authority (NTHEA)	$1,442,703,467
37.	ALL Student Loan Corp	$1,431,825,922
38.	Pittsburgh National Corp (PNC)	$1,388,574,040
39.	CollegeInvest (Colorado)	$1,372,525,217
40.	Mississippi Higher Education Assistance Corp	$1,152,044,816
41.	New Hampshire Higher Education Loan Corp (NHHELCO)	$1,146,058,153
42.	Oklahoma Student Loan Authority	$1,077,978,238
43.	Citizens Bank	$1,023,278,192
44.	Graduate Leverage	$932,201,575
45.	National Education	$893,988,404
46.	New Mexico Education Assistance Foundation (NMEAF)	$877,943,442
47.	Finansure Student Loans	$796,050,234
48.	Illinois Designated Account Purchase Program (IDAPP)	$733,961,570
49.	Connecticut Student Loan Foundation	$712,353,652
50.	Regions Bank	$656,499,213
51.	Bank of North Dakota	$619,339,220
52.	K2 Financial, LLC	$585,668,158
53.	Arkansas Student Loan Authority	$535,408,451
54.	South Texas Higher Education Authority	$534,555,750
55.	Fifth Third Bank	$520,526,980
56.	Edamerica	$512,692,967
57.	HSBC Bank USA	$503,190,502
58.	Louisiana Public Facilities Authority	$468,177,622
59.	Associated Bank NA	$430,308,588
60.	Rhode Island Student Loan Authority (RISLA)	$400,262,502
61.	Wyoming Student Loan Corp	$325,423,274
62.	Navy Federal Credit Union	$307,782,010
63.	Union Bank \& Trust	$303,615,298
64.	Commerce Bank NA	$286,809,672
65.	Education Loan Funding	$275,554,694
66.	Knowledge Funding Ohio	$272,952,396
67.	National City Bank	$261,678,856
68.	Anchorbank	$245,574,666
69.	Massachusetts Educational Financing Authority (MEFA)	$244,065,150
70.	Collegiate Solutions	$228,384,697
71.	Bank of Lake Mills	$225,657,017
72.	Franklin Bank, SSB	$203,895,878
73.	Greater Texas Foundation	$189,372,140
74.	Carnegie Insurance Company	$185,361,668
75.	San Antonio FCU	$169,650,573
76.	University of Wisconsin CU	$161,235,938
77.	Dollar Bank	$161,087,522
78.	College Board	$157,132,043
79.	Arizona Higher Education Loan Authority	$151,624,202
80.	Finance Authority of Maine (FAME)	$150,097,278
81.	New Jersey Higher Education Assistance Authority	$121,753,603
82.	Georgia Student Finance Authority	$111,317,905
83.	Midwestern University	$104,110,462
84.	Affinity Direct	$101,801,282
85.	College Savings Bank	$99,645,124
86.	Alaska (ACPE)	$93,536,404
87.	USC Credit Union	$93,151,523
88.	College Solutions Network	$92,661,330
89.	Beneficial Bank	$89,685,455
90.	Knowledge Works Foundation	$86,205,127
91.	M\&T Bank Educational Lending	$83,587,739
92.	Comerica Bank	$82,935,001
93.	SMS Corp - HI	$81,980,095
94.	Simmons First National Bank	$77,817,529
95.	Banc First	$76,601,355
96.	Notre Dame Credit Union	$74,900,072
97.	Stillwater National Bank \& Trust Co	$70,739,837
98.	Frost National Bank	$69,914,996
99.	Western University of Health Sciences	$69,503,753
100.	Arvest	$67,973,799

Consolidators

These lenders consolidated 99.8% of all FFELP consolidation loans. The total of all FFELP consolidations from all lenders was $47.4 billion in FY2007, down from $72.4 billion in FY2006.