Sallie Mae 2009 Annual Report Download - page 63
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 |
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FFELP
Stafford and
Other
(1)
FFELP
Consolidation
Loans
Total
FFELP
Private
Education
Loans Total
December 31, 2008
On-balance sheet:
In-school ......................... $18,961 $ — $ 18,961 $ 7,972 $ 26,933
Grace and repayment ................ 32,455 70,511 102,966 14,231 117,197
Total on-balance sheet, gross ............ 51,416 70,511 121,927 22,203 144,130
On-balance sheet unamortized
premium/(discount) ................. 1,151 1,280 2,431 (535) 1,896
On-balance sheet receivable for partially
charged-off loans ................... — — — 222 222
On-balance sheet allowance for losses ..... (91) (47) (138) (1,308) (1,446)
Total on-balance sheet, net .............. 52,476 71,744 124,220 20,582 144,802
Off-balance sheet:
In-school ......................... 473 — 473 1,629 2,102
Grace and repayment ................ 6,583 15,078 21,661 12,062 33,723
Total off-balance sheet, gross ............ 7,056 15,078 22,134 13,691 35,825
Off-balance sheet unamortized
premium/(discount) ................. 105 462 567 (361) 206
Off-balance sheet receivable for partially
charged-off loans ................... — — — 92 92
Off-balance sheet allowance for losses ..... (18) (9) (27) (505) (532)
Total off-balance sheet, net ............. 7,143 15,531 22,674 12,917 35,591
Total Managed ...................... $59,619 $87,275 $146,894 $33,499 $180,393
% of on-balance sheet FFELP ........... 42% 58% 100%
% of Managed FFELP ................. 41% 59% 100%
% of total .......................... 33% 48% 81% 19% 100%
(1)
FFELP category is primarily Stafford Loans, but also includes federally guaranteed PLUS and HEAL Loans.
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