Sallie Mae 2014 Annual Report Download - page 10

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• This increase in federal subsidies had a significant impact on the market for Private Education Loans. Annual
originations peaked at $21.1 billion in AY 2007-2008 and declined to $6.0 billion in AY 2010-2011. Contributing to
the decline in the market for Private Education Loans was a significant tightening of underwriting standards by Private
Education Loan providers, including Sallie Mae. Private Education Loan originations increased to an estimated
$8.4 billion in AY 2013-2014, up 6.0 percent over the previous year. 6,7
5 Source: The College Board-How Students and Parents Pay for College. © 2013 The College Board. www.collegeboard.org.
Fr o m AY 2 0 08-09 through AY 2012-2013 at four-year public institutions the per student rate of increase in family
contributions has exceeded the per student rate of total family borrowings. We expect this trend may continue.
6 Source: The College Board-Trends in Student Aid 2014. © 2014 The College Board. www.collegeboard.org. Funding sources
in current dollars and includes Federal Grants, Federal Loans, Education Tax Benefits, Work Study, State, Institutional and
Private Grants and Non-Federal Loans.
7 Source: FinAid, History of Student Financial Aid and Historical Loan Limits. © 2014 by FinAid. www.FinAid.org.
8