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The following table shows the top 50 originators, holders and consolidators of Federal Family Education Loan Program loans. (The list of originators is accurate as of February 10, 2006, and represents 2005 data. The list of consolidators is accurate as of March 1, 2006, and represents 2005 data. The list of holders is accurate as of March 17, 2006 and represents 2005 data. This is the most recent data available.) The figures for origination exclude consolidation loans. The figures for holders include consolidation loans.

Lenders that hold the most loans accomplish this either by buying the loans directly from originators, by originating the loans themselves and not reselling them, or by consolidating a lot of loans held by other lenders.

Based on these statistics, the largest purchaser of student loans is Sallie Mae, followed by College Loan Corporation, Citibank, Brazos Group, Key Corp, EFS Finance and Mellon Bank. Similarly, the largest seller of student loans is JP Morgan Chase, followed by Bank One, National City Bank, American Express, TIAA-CREF, and SC Student Loan Corp.

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Originators

These lenders originate 82.9% of all FFELP loans.

Holders

These lenders hold 95.1% of all FFELP loans. Many of the largest holders of student loans are secondary markets.

Rank	Lender	Holder Volume
1.	Sallie Mae	$102,334,111,716
2.	Citibank Student Loan Corporation	$24,644,330,229
3.	National Education Loan Network (NELNET)	$15,786,437,294
4.	Wachovia Education Finance	$10,734,387,673
5.	Wells Fargo Education Financial Services	$9,646,571,135
6.	Brazos Group	$8,978,458,929
7.	College Loan Corporation	$7,837,005,058
8.	Pennsylvania Higher Education Assistance Agency (PHEAA)	$6,759,407,132
9.	Collegiate Funding Services	$5,522,106,565
10.	Goal Financial	$5,325,967,590
11.	Education Lending Group	$4,659,623,304
12.	Missouri Higher Education Loan Authority (MOHELA)	$4,300,116,227
13.	Access Group	$3,817,983,616
14.	Bank of America	$3,803,122,585
15.	Suntrust Bank	$3,569,941,322
16.	EdAmerica	$3,443,465,248
17.	Northstar Guarantee	$3,287,162,602
18.	Illinois Designated Account Purchase Program (IDAAP)	$2,770,385,438
19.	California Higher Education Loan Authority (CHELA)	$2,272,919,476
20.	South Carolina Student Loan Corp	$2,227,475,560
21.	College Foundation Inc.	$2,169,664,094
22.	Key Corp	$2,166,646,887
23.	Education Loans Inc. (Aberdeen, SD)	$1,935,020,427
24.	US Bank	$1,904,455,500
25.	Pittsburgh National Corp (PNC)	$1,717,961,699
26.	Iowa Student Loan Liquidity Corp (ISLLC)	$1,561,001,403
27.	Utah State Board of Regents	$1,525,165,497
28.	Citizens Bank	$1,502,773,257
29.	Michigan Higher Education Student Loan Authority	$1,487,554,774
30.	GCO-ELF	$1,398,675,479
31.	Vermont Student Assistance Corporation (VSAC)	$1,359,625,874
32.	Kentucky Higher Education Student Loan Corp	$1,321,043,845
33.	Bank One Education Finance Group	$1,305,603,839
34.	Panhandle Plains Higher Education Authority	$1,244,899,378
35.	Montana Higher Education Student Assistance Corp	$1,141,791,622
36.	North Texas Higher Education Authority (NTHEA)	$1,069,712,971
37.	New Hampshire Higher Education Loan Corp	$1,015,643,308
38.	CollegeInvest	$995,561,565
39.	Mississippi Higher Education Assistance Corp	$961,489,337
40.	LoanStar Funding Group Inc.	$955,906,678
41.	Regions Bank	$881,185,918
42.	ALL Student Loan Corp	$840,002,557
43.	Oklahoma Student Loan Authority	$813,380,756
44.	JP Morgan Chase Bank	$721,012,366
45.	Indiana Secondary Market	$681,588,851
46.	Education Loan Trust	$662,297,419
47.	New Mexico Education Assistance Foundation	$590,385,153
48.	Bank of North Dakota	$557,514,448
49.	Connecticut Student Loan Foundation	$493,835,699
50.	Rhode Island Student Loan Authority (RISLA)	$483,839,837

Consolidators

These lenders consolidate 97.9% of all FFELP loans.