Top 100 Originators of FFELP Loans -- FY99 and FY98
(Sequenced from High to Low on FY99 $ Amount Guaranteed
Dollars in Millions)
$ OF NEW GUARANTEES | RANKINGS | |||
LENDER NAME | ||||
STATE/(CITY) | FY99 | FY98 | FY99 | FY98 |
BANK ONE | 1902.0 | 1768.4 | 1 | 1 |
OH (COLUMBUS) | ||||
CITICORP | 1820.5 | 1748.0 | 2 | 2 |
NY (PITTSFORD) | ||||
CHASE MANHATTAN BANK | 1728.5 | 1653.5 | 3 | 3 |
NY (GARDEN CITY) | ||||
BANK OF AMERICA | 1501.3 | 1560.9 | 4 | 5 |
CA (BREA) | ||||
NORWEST BANK | 1501.3 | 1571.1 | 5 | 4 |
SD (SIOUX FALLS) | ||||
FIRST UNION NATIONAL BANK | 1269.8 | 1324.4 | 6 | 6 |
CA (SACRAMENTO) | ||||
NATIONAL CITY BANK | 824.2 | 763.3 | 7 | 7 |
OH (CLEVELAND) | ||||
EDUCATION FINANCE GROUP | 568.1 | 256.0 | 8 | 16 |
MA (S. YARMOUTH) | ||||
PITTSBURGH NATIONAL CORP | 459.4 | 558.0 | 9 | 8 |
PA (PITTSBURGH) | ||||
UNION BANK & TRUST COMPANY | 452.4 | 396.9 | 10 | 11 |
NE (LINCOLN) | ||||
PENNA HIGHER ED ASSISTANCE AGENCY | 400.4 | 359.3 | 11 | 12 |
PA (HARRISBURG) | ||||
U S BANK | 397.8 | 406.1 | 12 | 10 |
MN (ST PAUL) | ||||
SUNTRUST BANK | 380.8 | 251.7 | 13 | 17 |
VA (RICHMOND) | ||||
KEY CORP | 338.4 | 410.6 | 14 | 9 |
OH (CLEVELAND) | ||||
FLEET BANK | 329.2 | 330.1 | 15 | 13 |
NY (UTICA) | ||||
AMERICAN EXPRESS ASSURANCE CO | 321.0 | 219.6 | 16 | 21 |
CA (SAN DIEGO) | ||||
NELLIE MAE | 311.4 | 294.1 | 17 | 14 |
MA (BRAINTREE) | ||||
MARINE MIDLAND BANK | 271.7 | 278.1 | 18 | 15 |
NY (BUFFALO) | ||||
BANK OF BOSTON CORP | 233.2 | 202.9 | 19 | 22 |
RI (PROVIDENCE) | ||||
S C STUDENT LOAN CORP | 228.6 | 230.4 | 20 | 19 |
SC (COLUMBIA) | ||||
TEACHERS INSUR & ANNUITY ASSN OF AM | 219.9 | 229.3 | 21 | 20 |
NY (NEW YORK) | ||||
COLLEGE FOUNDATION INC. | 193.2 | 174.3 | 22 | 24 |
NC (RALEIGH) | ||||
EDUCATIONAL FUNDING OF THE SOUTH | 173.5 | 166.8 | 23 | 25 |
TN (KNOXVILLE) | ||||
COMMERCE BANK | 171.1 | 159.0 | 24 | 27 |
MO (ST LOUIS) | ||||
ACADEMIC MANAGEMENT SERVICES | 168.2 | 162.1 | 25 | 26 |
MA (SWANSEA) | ||||
NORTHSTAR GUARANTEE INC | 165.0 | 0.2 | 26 | * |
MN (ST PAUL) | ||||
NOVA SOUTHEASTERN UNIVERSITY | 163.2 | 121.3 | 27 | 30 |
FL (FORT LAUDERDALE) | ||||
MELLON BANK | 149.2 | 188.3 | 28 | 23 |
PA (PITTSBURGH) | ||||
NEW HAMPSHIRE HIGHER ED LOAN CORP | 142.1 | 135.5 | 29 | 29 |
NH (CONCORD) | ||||
RHODE ISLAND STUDENT LOAN AUTHORITY | 134.7 | 112.6 | 30 | 35 |
RI (WARWICK) | ||||
FIRSTAR BANK | 125.1 | 120.2 | 31 | 31 |
WI (MILWAUKEE) | ||||
FIFTH THIRD BANK | 123.2 | 114.7 | 32 | 33 |
OH (CINCINNATI) | ||||
WASHINGTON MUTUAL SAVINGS BANK | 120.1 | 146.8 | 33 | 28 |
WA (SEATTLE) | ||||
TWIN CITY FEDERAL SAVINGS BANK | 117.4 | 113.7 | 34 | 34 |
MN (MINNEAPOLIS) | ||||
MERCANTILE BANK | 110.7 | 96.1 | 35 | 37 |
MO (ST JOSEPH) | ||||
ILLINOIS STUDENT ASSISTANCE COMM/IDAAP | 101.2 | 69.0 | 36 | 45 |
IL (DEERFIELD) | ||||
VERMONT ED LOAN FINANCE PROGRAM | 99.4 | 116.4 | 37 | 32 |
VT (WINOOSKI) | ||||
REGIONS BANK | 95.3 | 97.6 | 38 | 36 |
AL (MOBILE) | ||||
OHIO COLLEGE OF PODIATRIC MEDICINE | 82.6 | 65.2 | 39 | 51 |
OH (CLEVELAND) | ||||
DEPOSIT GUARANTY NATIONAL BANK | 80.3 | 83.5 | 40 | 39 |
MS (JACKSON) | ||||
MAINE EDUCATIONAL LOAN MARKETING | 79.8 | 83.9 | 41 | 38 |
ME (AUGUSTA) | ||||
CONNECTICUT STUDENT LOAN FOUND. | 79.4 | 79.7 | 42 | 40 |
CT (ROCKY HILL) | ||||
CORUS BANK | 78.2 | 78.2 | 43 | 41 |
IL (CHICAGO) | ||||
MARQUETTE BANK | 75.3 | 67.1 | 44 | 48 |
MN (LAKEVILLE) | ||||
KENTUCKY HIGHER ED STUDENT LOAN CORP | 73.8 | 58.4 | 45 | 55 |
KY (LOUISVILLE) | ||||
UNION PLANTERS BANK | 70.9 | 69.8 | 46 | 44 |
TN (KNOXVILLE) | ||||
BANK OF NORTH DAKOTA | 67.1 | 68.8 | 47 | 46 |
ND (BISMARCK) | ||||
FROST NATIONAL BANK | 65.0 | 68.1 | 48 | 47 |
TX (SAN ANTONIO) | ||||
BANK OF OKLAHOMA | 64.1 | 70.7 | 49 | 43 |
OK (TULSA) | ||||
CITIZENS BANK | 63.5 | 55.1 | 50 | 56 |
RI (RIVERSIDE) | ||||
BANCORPSOUTH BANK | 63.1 | 59.7 | 51 | 54 |
MS (TUPELO) | ||||
FIRST AMERICAN NATIONAL BANK | 62.9 | 72.3 | 52 | 42 |
TN (NASHVILLE) | ||||
BAC INTERNATIONAL CREDIT CORP | 62.3 | 245.2 | 53 | 18 |
FL (MIAMI) | ||||
UNIVERSITY OF PENNSYLVANIA | 60.9 | 60.6 | 54 | 53 |
PA (PHILADELPHIA) | ||||
FIRST SECURITY BANK | 58.4 | 65.4 | 55 | 50 |
UT (SALT LAKE CITY) | ||||
FIRST TENNESSEE BANK | 57.4 | 51.0 | 56 | 58 |
TN (MARYVILLE) | ||||
ZIONS FIRST NATIONAL BANK | 55.5 | 65.8 | 57 | 49 |
UT (SALT LAKE CITY) | ||||
GEORGIA STUDENT FINANCE AUTHORITY | 55.3 | 64.0 | 58 | 52 |
GA (TUCKER) | ||||
INDEPENDENCE FEDERAL SAVINGS BANK | 51.2 | 46.5 | 59 | 61 |
DC (WASHINGTON) | ||||
ARIZONA EDUCATIONAL LOAN MARKETING | 51.1 | 46.2 | 60 | 62 |
AZ (MESA) | ||||
UNIVERSITY OF SOUTHERN CALIFORNIA FCU | 50.1 | 43.7 | 61 | 66 |
CA (LOS ANGELES) | ||||
UNIVERSITY OF CHICAGO | 49.8 | 45.3 | 62 | 63 |
IL (CHICAGO) | ||||
STILLWATER NATIONAL BANK | 49.4 | 47.7 | 63 | 60 |
OK (STILLWATER) | ||||
HIBERNIA NATIONAL BANK | 48.2 | 38.7 | 64 | 71 |
LA (BATON ROUGE) | ||||
MARSHALL & ILSLEY BANK | 47.1 | 53.3 | 65 | 57 |
WI (MILWAUKEE) | ||||
TRUSTMARK NATIONAL BANK | 45.4 | 41.2 | 66 | 69 |
MS (JACKSON) | ||||
UNIVERSITY FEDERAL CREDIT UNION | 42.9 | 44.7 | 67 | 64 |
TX (AUSTIN) | ||||
KIRKSVILLE COLLEGE OF OSTEOPATHIC MED | 41.9 | 37.6 | 68 | 74 |
MO (KIRKSVILLE) | ||||
COMERICA BANK | 41.9 | 37.9 | 69 | 73 |
MI (AUBURN HILLS) | ||||
NEW MEXICO ED ASSISTANCE FOUNDATION | 41.8 | 36.6 | 70 | 75 |
NM (ALBUQUERQUE) | ||||
MANUFACTURERS & TRADERS BANK | 38.2 | 42.4 | 71 | 67 |
NY (BUFFALO) | ||||
OLD KENT FINANCIAL CORP | 38.0 | 36.4 | 72 | 76 |
MI (GRAND RAPIDS) | ||||
PLAINS NATIONAL BANK | 36.8 | 26.8 | 73 | 90 |
TX (LUBBOCK) | ||||
SIMMONS FIRST NATIONAL BANK | 36.3 | 32.6 | 74 | 79 |
AR (PINE BLUFF) | ||||
SOUTHTRUST BANK | 35.1 | 21.7 | 75 | 96 |
AL (BIRMINGHAM) | ||||
BANCFIRST | 34.7 | 32.5 | 76 | 80 |
OK (SHAWNEE) | ||||
FIRST FEDERAL SAVINGS BANK | 34.3 | 38.4 | 77 | 72 |
WI (LACROSSE) | ||||
EFS FINANCE CO | 34.1 | 34.5 | 78 | 77 |
IN (INDIANAPOLIS) | ||||
COLORADO STUD OBLIGATION BOND AUTH | 34.0 | 25.1 | 79 | 91 |
CO (DENVER) | ||||
LOUISIANA PUBLIC FACILITIES AUTHORITY | 33.3 | 32.3 | 80 | 81 |
LA (BATON ROUGE) | ||||
BOONE COUNTY NATIONAL BANK | 33.0 | 24.0 | 81 | 94 |
MO (COLUMBIA) | ||||
FIRST NATIONAL BANK | 31.0 | 31.5 | 82 | 83 |
TX (ABILENE) | ||||
MIDWESTERN UNIVERSITY | 30.7 | 19.2 | 83 | * |
IL (DOWNERS GROVE) | ||||
FIRST STATE BANK OF TEXAS | 30.6 | 28.9 | 84 | 87 |
TX (DENTON) | ||||
SECURITY SERVICE FEDERAL CREDIT UNION | 30.4 | 27.6 | 85 | 89 |
TX (SAN ANTONIO) | ||||
NAVY FEDERAL CREDIT UNION | 30.1 | 40.0 | 86 | 70 |
VA (MERRIFIELD) | ||||
KEYSTONE FINANCIAL | 29.7 | 31.8 | 87 | 82 |
PA (WILLIAMSPORT) | ||||
MICHIGAN HIGHER EDUCATION STUD LOAN | 29.1 | 18.6 | 88 | * |
MI (LANSING) | ||||
SALLIE MAE EDUCATION LOAN CORP | 27.5 | 5.5 | 89 | * |
VA (RESTON) | ||||
GUARANTY BANK & TRUST CO | 25.7 | 24.8 | 90 | 92 |
KS (KANSAS CITY) | ||||
PURDUE EMPLOYEES FCU | 25.3 | 16.5 | 91 | * |
IN (WEST LAFAYETTE) | ||||
WHITNEY NATIONAL BANK | 25.2 | 17.6 | 92 | * |
LA (NEW ORLEANS) | ||||
AGGIELAND CU | 24.8 | 29.6 | 93 | 85 |
TX (COLLEGE STATION) | ||||
ASSOCIATED BANK | 24.6 | 28.2 | 94 | 88 |
WI (STEVENS POINT) | ||||
MICHIGAN NATIONAL CORP | 24.0 | 29.2 | 95 | 86 |
MI (FARMINGTON HILLS) | ||||
STUDENT LOAN FUNDING CORP | 23.9 | 48.6 | 96 | 59 |
OH (CINCINNATI) | ||||
NORTHWESTERN UNIVERSITY | 23.7 | 43.9 | 97 | 65 |
IL (EVANSTON) | ||||
OKLAHOMA STUDENT LOAN AUTHORITY | 23.3 | 33.7 | 98 | 78 |
OK (OKLAHOMA CITY) | ||||
SUMMIT BANCORP | 22.9 | 24.5 | 99 | 93 |
NJ (DAYTON) | ||||
UNIVERSITY OF WISCONSIN CREDIT UNION | 22.5 | 21.3 | 100 | 98 |
WI (MADISON) | ||||
WACHOVIA BANK | 7.3 | 41.2 | * | 68 |
NC (WINSTON-SALEM) | ||||
BANK OF HAWAII | 5.7 | 30.0 | * | 84 |
HI (HONOLULU) | ||||
ARKANSAS STUDENT LOAN AUTHORITY | 22.0 | 21.8 | * | 95 |
AR (LITTLE ROCK) | ||||
FIRST AMERICAN BANK | 20.5 | 21.5 | * | 97 |
TX (BRYAN) | ||||
HOUSEHOLD BANK | 0.0 | 20.6 | * | 99 |
IL (WOOD DALE) | ||||
ONE VALLEY BANK | 21.0 | 20.3 | * | 100 |
WV (CHARLESTON) |
FY99 | FY98 | |
TOP 10 AS A PERCENT OF NATION | 52.2 | 51.8 |
TOP 25 AS A PERCENT OF NATION | 70.1 | 69.1 |
TOP 50 AS A PERCENT OF NATION | 81.1 | 79.3 |
TOP 75 AS A PERCENT OF NATION | 86.4 | 85.3 |
TOP 100 AS A PERCENT OF NATION | 89.5 | 88.5 |
"*" INDICATES RANKING NOT IN TOP 100.
$ OF NEW GUARANTEES INCLUDES STAFFORD (SUBSIDIZED AND UNSUBSIDIZED) AND PLUS LOANS (IN MILLIONS). EXCLUDES CONSOLIDATION LOANS. DATA SOURCE: NSLDS
<<OPE Program Data | Top 100 Current Holders of FFELP Loans as of 9/30/99>>
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Last Modified: 09/14/2004