Sallie Mae 2009 Annual Report Download - page 62
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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 Managed Student Loan Balances, net
FFELP
Stafford and
Other
(1)
FFELP
Consolidation
Loans
Total
FFELP
Private
Education
Loans Total
December 31, 2009
On-balance sheet:
In-school ......................... $15,250 $ — $ 15,250 $ 6,058 $ 21,308
Grace and repayment ................ 36,543 67,235 103,778 18,198 121,976
Total on-balance sheet, gross ............ 51,793 67,235 119,028 24,256 143,284
On-balance sheet unamortized
premium/(discount) ................. 986 1,201 2,187 (559) 1,628
On-balance sheet receivable for partially
charged-off loans ................... — — — 499 499
On-balance sheet allowance for losses ..... (104) (57) (161) (1,443) (1,604)
Total on-balance sheet, net .............. 52,675 68,379 121,054 22,753 143,807
Off-balance sheet:
In-school ......................... 232 — 232 773 1,005
Grace and repayment ................ 5,143 14,369 19,512 12,213 31,725
Total off-balance sheet, gross ............ 5,375 14,369 19,744 12,986 32,730
Off-balance sheet unamortized
premium/(discount) ................. 139 438 577 (349) 228
Off-balance sheet receivable for partially
charged-off loans ................... — — — 229 229
Off-balance sheet allowance for losses ..... (15) (10) (25) (524) (549)
Total off-balance sheet, net ............. 5,499 14,797 20,296 12,342 32,638
Total Managed ...................... $58,174 $83,176 $141,350 $35,095 $176,445
% of on-balance sheet FFELP ........... 44% 56% 100%
% of Managed FFELP ................. 41% 59% 100%
% of total .......................... 33% 47% 80% 20% 100%
(1)
FFELP category is primarily Stafford Loans, but also includes federally guaranteed PLUS and HEAL Loans.
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