Sallie Mae 2005 Annual Report Download - page 68

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58
Summary of our Managed Student Loan Portfolio
The following tables summarize the components of our Managed student loan portfolio and show the
changing composition of our portfolio.
Ending Balances:
December 31, 2005
FFELP
Stafford and
Other(1) Consolidation
Loans Total FFELP
Private
Education
Loans Total
On-balance sheet:
In-school.......................... $ 6,910 $ — $ 6,910 $ 3,432 $ 10,342
Grace and repayment............... 12,705 54,033 66,738 4,834 71,572
Total on-balance sheet, gross .......... 19,615 54,033 73,648 8,266 81,914
On-balance sheet unamortized
premium/(discount)................ 379 835 1,214 (305) 909
On-balance sheet allowance for losses . . (6) (9) (15) (204 ) (219)
Total on-balance sheet, net ............ 19,988 54,859 74,847 7,757 82,604
Off-balance sheet:
In-school.......................... 2,962 — 2,962 2,540 5,502
Grace and repayment............... 17,410 10,272 27,682 6,406 34,088
Total off-balance sheet, gross .......... 20,372 10,272 30,644 8,946 39,590
Off-balance sheet unamortized
premium/(discount)................ 306 305 611 (188) 423
Off-balance sheet allowance for losses . . (8) (2) (10) (78 ) (88)
Total off-balance sheet, net............ 20,670 10,575 31,245 8,680 39,925
TotalManaged ...................... $ 40,658 $ 65,434 $ 106,092 $ 16,437 $ 122,529
% of on-balance sheet FFELP ......... 27% 73% 100%
% of Managed FFELP................ 38% 62% 100%
% of total ........................... 33% 54% 87% 13% 100%
(1) FFELP category is primarily Stafford loans, but also includes federally insured PLUS and HEAL loans.