Sallie Mae 2013 Annual Report Download - page 91

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Student Loan Activity
Year Ended December 31, 2013
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Loans
Private
Education
Loans
Total
Portfolio
Beginning balance .......................... $44,289 $ 81,323 $125,612 $36,934 $162,546
Acquisitions and originations ................. 413 323 736 3,819 4,555
Capitalized interest and premium/discount
amortization ............................ 1,203 1,120 2,323 756 3,079
Consolidations to third parties ................ (1,525) (1,001) (2,526) (94) (2,620)
Sales(1) ................................... (102) (12,147) (12,249) (61) (12,310)
Repayments and other ....................... (4,257) (5,051) (9,308) (3,842) (13,150)
Ending balance ............................ $40,021 $ 64,567 $104,588 $37,512 $142,100
Year Ended December 31, 2012
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Loans
Private
Education
Loans
Total
Portfolio
Beginning balance .......................... $50,440 $87,690 $138,130 $36,290 $174,420
Acquisitions and originations ................. 2,764 903 3,667 3,386 7,053
Capitalized interest and premium/discount
amortization ............................ 1,373 1,443 2,816 1,029 3,845
Consolidations to third parties ................ (5,049) (2,803) (7,852) (73) (7,925)
Sales .................................... (530) — (530) — (530)
Repayments and other ....................... (4,709) (5,910) (10,619) (3,698) (14,317)
Ending balance ............................ $44,289 $81,323 $125,612 $36,934 $162,546
Year Ended December 31, 2011
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Loans
Private
Education
Loans
Total
Portfolio
Beginning balance .......................... $56,252 $92,397 $148,649 $35,656 $184,305
Acquisitions and originations ................. 814 802 1,616 2,942 4,558
Capitalized interest and premium/discount
amortization ............................ 1,506 1,535 3,041 1,269 4,310
Consolidations to third parties ................ (2,741) (1,058) (3,799) (69) (3,868)
Sales .................................... (754) — (754) — (754)
Repayments and other ....................... (4,637) (5,986) (10,623) (3,508) (14,131)
Ending balance ............................ $50,440 $87,690 $138,130 $36,290 $174,420
(1) Includes $12.0 billion of student loans in connection with the sale of Residual Interests in FFELP Loan securitization trusts.
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