Sallie Mae 2011 Annual Report Download - page 62

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Average Student Loan Balances (net of unamortized premium/discount)
Year Ended December 31, 2011
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Private
Education
Loans Total
Total(1) ................................... $53,163 $89,946 $143,109 $36,955 $180,064
% of FFELP .......................... 37% 63% 100%
% of total ............................. 29% 50% 79% 21% 100%
Year Ended December 31, 2010
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Private
Education
Loans Total
Total(1) ................................... $61,034 $81,009 $142,043 $36,534 $178,577
% of FFELP .......................... 43% 57% 100%
% of total ............................. 34% 46% 80% 20% 100%
Year Ended December 31, 2009
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Private
Education
Loans Total
GAAP-basis .............................. $58,492 $70,046 $128,538 $23,154 $151,692
Off-balance sheet .......................... 6,365 15,156 21,521 12,892 34,413
Total “Core Earnings” basis .................. $64,857 $85,202 $150,059 $36,046 $186,105
% of GAAP-basis FFELP ................ 46% 54% 100%
% of “Core Earnings” basis FFELP ........ 43% 57% 100%
% of total ............................. 35% 46% 81% 19% 100%
(1) Upon the adoption of the new consolidation accounting guidance on January 1, 2010, we consolidated all of our off-balance sheet
securitization trusts.
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