Sallie Mae 2014 Annual Report Download - page 49

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December 31, 2012
December 31, 2011
(Dollars in thousands)
Private
Education
Loans
FFELP
Loans
Total
Portfolio
Private
Education
Loans
FFELP
Loans
Total
Portfolio
Total education loan portfolio .......
$
5,447,699
$
1,039,755
$
6,487,454
$
5,062,788
$
239,452
$
5,302,240
% of total ....................................
84
%
16
%
100
%
95
%
5
%
100
%
December 31, 2010
(Dollars in thousands)
Private
Education
Loans
FFELP
Loans
Total Portfolio
Total education loan portfolio .......
$
4,457,244
$
202,226
$
4,659,470
% of total ...................................
96
%
4
%
100
%
Average Education Loan Balances (net of unamortized premium/discount)
Years Ended December 31,
(Dollars in thousands)
2014
2013
2012
Private Education Loans .....
$
7,563,356
85
%
$
5,996,651
84
%
$
5,347,239
91
%
FFELP Loans .....................
1,353,497
15
1,142,979
16
527,935
9
Total portfolio ....................
$
8,916,853
100
%
$
7,139,630
100
%
$
5,875,174
100
%
Education Loan Activity
Year Ended December 31, 2014
(Dollars in thousands)
Private
Education
Loans
FFELP
Loans
Total
Portfolio
Beginning balance .................................
$
6,506,642
$
1,424,735
$
7,931,377
Acquisitions and originations..................
4,087,320
7,470
4,094,790
Capitalized interest and deferred
origination cost premium amortization.....
170,306
46,093
216,399
Sales ....................................................
(1,873,414
)
(7,654
)
(1,881,068
)
Loan consolidation to third parties ..........
(14,811
)
(41,760
)
(56,571
)
Repayments and other ............................
(629,396
)
(165,745
)
(795,141
)
Ending balance .....................................
$
8,246,647
$
1,263,139
$
9,509,786
47