Sallie Mae 2006 Annual Report Download - page 80

Student Loan Activity
The following tables summarize the activity in our on-balance sheet, off-balance sheet and Managed
portfolios of FFELP student loans and Private Education Loans and highlight the effects of FFELP
Consolidation Loan activity on our FFELP portfolios.
FFELP
Stafford
and
Other
(1)
FFELP
Consolidation
Loans
Total
FFELP
Total
Private
Education
Loans
Total On-
Balance Sheet
Portfolio
On-Balance Sheet
Year Ended December 31, 2006
Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $19,988 $54,859 $ 74,847 $ 7,757 $ 82,604
Net consolidations:
Incremental consolidations from third parties . . . . . . . . . . . . . . . . . . . . . . . . . — 4,092 4,092 96 4,188
Consolidations to third parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,201) (2,078) (4,279) (14) (4,293)
Net consolidations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,201) 2,014 (187) 82 (105)
Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,585 4,697 24,282 7,818 32,100
Net acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,384 6,711 24,095 7,900 31,995
Internal consolidations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,973) 11,931 5,958 254 6,212
Off-balance sheet securitizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,034) (9,638) (14,672) (4,737) (19,409)
Repayments/claims/resales/other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,524) (2,539) (4,063) (1,419) (5,482)
Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $24,841 $61,324 $ 86,165 $ 9,755 $ 95,920
FFELP
Stafford
and
Other
(1)
FFELP
Consolidation
Loans
Total
FFELP
Total
Private
Education
Loans
Total Off-
Balance Sheet
Portfolio
Off-Balance Sheet
Year Ended December 31, 2006
Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $20,670 $10,575 $31,245 $ 8,680 $39,925
Net consolidations:
Incremental consolidations from third parties. . . . . . . . . . . . . . . . . . . . . . . . . . — — — — —
Consolidations to third parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,258) (672) (2,930) (32) (2,962)
Net consolidations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,258) (672) (2,930) (32) (2,962)
Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 424 233 657 472 1,129
Net acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,834) (439) (2,273) 440 (1,833)
Internal consolidations
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,366) (592) (5,958) (254) (6,212)
Off-balance sheet securitizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,034 9,638 14,672 4,737 19,409
Repayments/claims/resales/other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,476) (871) (4,347) (770) (5,117)
Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,028 $18,311 $33,339 $12,833 $46,172
FFELP
Stafford
and
Other
(1)
FFELP
Consolidation
Loans
Total
FFELP
Total
Private
Education
Loans
Total
Managed
Basis Portfolio
Managed Portfolio
Year Ended December 31, 2006
Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40,658 $65,434 $106,092 $16,437 $122,529
Net consolidations:
Incremental consolidations from third parties . . . . . . . . . . . . . . . . . . . . . . . . — 4,092 4,092 96 4,188
Consolidations to third parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,459) (2,750) (7,209) (46) (7,255)
Net consolidations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,459) 1,342 (3,117) 50 (3,067)
Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,009 4,930 24,939 8,290 33,229
Net acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,550 6,272 21,822 8,340 30,162
Internal consolidations
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,339) 11,339 — — —
Off-balance sheet securitizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — —
Repayments/claims/resales/other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,000) (3,410) (8,410) (2,189) (10,599)
Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 39,869 $79,635 $119,504 $22,588 $142,092
Total Managed Acquisitions
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20,009 $ 9,022 $ 29,031 $ 8,386 $ 37,417
(1)
FFELP category is primarily Stafford loans and also includes PLUS and HEAL loans.
(2)
Represents FFELP/Stafford loans that we either own on-balance sheet or in our off-balance sheet securitization trusts that we consolidate.
(3)
The purchases line includes incremental consolidations from third parties and acquisitions.
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