Sallie Mae 2008 Annual Report Download - page 56
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FFELP
Stafford and
Other
(1)
FFELP
Consolidation
Loans
Total
FFELP
Private
Education
Loans Total
December 31, 2007
On-balance sheet:
In-school ......................... $14,390 $ — $ 14,390 $ 6,735 $ 21,125
Grace and repayment ................ 20,469 72,306 92,775 9,437 102,212
Total on-balance sheet, gross ............ 34,859 72,306 107,165 16,172 123,337
On-balance sheet unamortized
premium/(discount) ................. 915 1,344 2,259 (468) 1,791
On-balance sheet receivable for partially
charged-off loans ................... — — — 118 118
On-balance sheet allowance for losses ..... (48) (41) (89) (1,004) (1,093)
Total on-balance sheet, net .............. 35,726 73,609 109,335 14,818 124,153
Off-balance sheet:
In-school ......................... 1,004 — 1,004 3,117 4,121
Grace and repayment ................ 8,334 15,968 24,302 11,082 35,384
Total off-balance sheet, gross ............ 9,338 15,968 25,306 14,199 39,505
Off-balance sheet unamortized
premium/(discount) ................. 154 482 636 (355) 281
Off-balance sheet receivable for partially
charged-off loans ................... — — — 28 28
Off-balance sheet allowance for losses ..... (20) (9) (29) (362) (391)
Total off-balance sheet, net ............. 9,472 16,441 25,913 13,510 39,423
Total Managed ...................... $45,198 $90,050 $135,248 $28,328 $163,576
% of on-balance sheet FFELP ........... 33% 67% 100%
% of Managed FFELP ................. 33% 67% 100%
% of total .......................... 28% 55% 83% 17% 100%
(1)
FFELP category is primarily Stafford loans and also includes federally insured PLUS and HEAL loans.
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