TOP 100 CURRENT HOLDERS OF FFELP LOANS FOR 2005 AND 2004

(SEQUENCED FROM HIGH TO LOW ON 9/30/05 $ OUTSTANDING)

$ OUTSTANDING RANKINGS $ OUTSTANDING RANKINGS

LENDER NAME LENDER NAME
CITY ST FY05 FY04 FY05 FY04 CITY ST FY05 FY04 FY05 FY04
SLM CORPORATION (SALLIE MAE) [49] ### 85095.4 1 1 COLLEGE FOUNDATION INC 2169.7 1823.5 21 23
RESTON VA RALEIGH NC
CITIBANK, STUDENT LOAN CORP [8] 24644.3 21547.9 2 2 KEY CORP [10] 2166.6 2210.4 22 20
PITTSFORD NY CLEVELAND OH
NATIONAL ED LOAN NETWORK (NELNET) [16] 15786.4 12308.2 3 3 ED LOANS INC 1935.0 1533.1 23 26
LINCOLN NE ABERDEEN SD
WACHOVIA EDUCATION FINANCE [18] 10734.4 10071.2 4 4 U S BANK [27] 1904.5 1707.6 24 24
SACRAMENTO CA MILWAUKEE WI
WELLS FARGO EDUCATION FINANCIAL SER [14] 9646.6 8567.2 5 5 PITTSBURGH NATIONAL CORP (PNC) [5] 1718.0 1299.3 25 30
SIOUX FALLS SD PITTSBURGH PA
BRAZOS GROUP [16] 8978.5 7532.6 6 6 IOWA STUDENT LOAN LIQUIDITY CORP 1561.0 1279.7 26 31
WACO TX WEST DES MOINES IA
COLLEGE LOAN CORP [3] 7837.0 6314.4 7 7 UTAH STATE BOARD OF REGENTS [4] 1525.2 1318.1 27 29
SAN DIEGO CA SALT LAKE CITY UT
PA HIGHER ED ASST AUTH (PHEAA) [3] 6759.4 5447.5 8 8 CITIZENS BANK [12] 1502.8 1335.3 28 28
HARRISBURG PA WESTWOOD MA
COLLEGIATE FUNDING SERVICES [3] 5522.1 4036.6 9 11 MICHIGAN HIGHER EDUCATION STUD LOAN 1487.6 1213.7 29 33
FREDERICKSBURG VA LANSING MI
GOAL FINANCIAL [4] 5326.0 4041.5 10 10 GCO EDUCATION LOAN FUNDING [2] 1398.7 740.5 30 43
SAN DIEGO CA DENVER CO
STUDENT LOAN XPRESS [7] 4659.6 4024.2 11 12 VSAC EDUCATION LOAN FINANCE PROGRAM 1359.6 1241.9 31 32
CINCINNATI OH WINOOSKI VT
MISSOURI HIGHER EDUCATION LOAN AUTH [4] 4300.1 3543.5 12 13 KENTUCKY HIGHER ED STUDENT LOAN COR 1321.0 1070.5 32 34
ST LOUIS MO LOUISVILLE KY
ACCESS GROUP [3] 3818.0 2992.7 13 14 BANK ONE [26] 1305.6 1463.7 33 27
WILMINGTON DE COLUMBUS OH
BANK OF AMERICA [17] 3803.1 2926.2 14 15 PANHANDLE PLAINS HEA [4] 1244.9 1054.8 34 35
LOS ANGELES CA CANYON TX
SUNTRUST BANK [12] 3569.9 2013.3 15 21 MT HIGHER ED STUD ASST CORP [4] 1141.8 659.9 35 47
RICHMOND VA HELENA MT
EDSOUTH [2] 3443.5 2922.4 16 16 NORTH TEXAS HIGHER ED ASSOC 1069.7 889.8 36 37
KNOXVILLE TN FT WORTH TX
NORTHSTAR 3287.2 2294.8 17 18 NEW HAMPSHIRE HIGHER ED LOAN CORP 1015.6 926.4 37 36
ST. PAUL MN CONCORD NH
ILLINOIS STUDENT ASSIS COMM/IDAAP [2] 2770.4 2322.2 18 17 COLLEGEINVEST [3] 995.6 859.0 38 39
DEERFIELD IL DENVER CO
CA HIGHER ED LOAN AUTH (CHELA) [8] 2272.9 2273.9 19 19 MISSISSIPPI HIGHER ED ASST COR [5] 961.5 830.7 39 41
SAN FRANCISCO CA JACKSON MS
SC STUDENT LOAN CORP [9] 2227.5 2004.4 20 22 LONESTAR FUNDING GROUP INC. [6] 955.9 863.0 40 38
COLUMBIA SC BRYAN TX

* Indicates ranking not in Top 100.

** Indicates merged with another lender and portfolio is reported elsewhere.
[ ] Numbers in brackets represent number of lender IDs that were grouped for that entity.
$ Outstanding includes Stafford, PLUS, SLS, and Consolidation loans (in millions). Source = ED FORM 799/LaRS
 TOP 100 CURRENT HOLDERS OF FFELP LOANS FOR 2005 AND 2004
(SEQUENCED FROM HIGH TO LOW ON 9/30/05 $ OUTSTANDING)

$ OUTSTANDING RANKINGS $ OUTSTANDING RANKINGS

LENDER NAME LENDER NAME
CITY ST FY05 FY04 FY05 FY04 CITY ST FY05 FY04 FY05 FY04
REGIONS BANK [5] 881.2 753.3 41 42 NAVY FEDERAL CREDIT UNION 283.2 274.4 61 62
MOBILE AL MERRIFIELD VA
ALL STUDENT LOAN CORP [4] 840.0 723.4 42 44 M&T BANK EDUCATIONAL LENDING [9] 237.4 206.5 62 69
LOS ANGELES CA BUFFALO NY
OKLAHOMA STUDENT LOAN AUTHORITY [2] 813.4 692.4 43 46 UNION BANK & TRUST [5] 235.1 575.1 63 50
OKLAHOMA CITY OK LINCOLN NE
JPMORGAN CHASE BANK [9] 721.0 857.3 44 40 NATIONAL CITY BANK [12] 219.0 214.7 64 65
GARDEN CITY NY CLEVELAND OH
INDIANA SECONDARY MARKET [2] 681.6 451.6 45 54 ANCHORBANK [2] 217.5 193.6 65 71
INDIANAPOLIS IN MADISON WI
EDUCATION LOAN TRUST [3] 662.3 707.7 46 45 HIBERNIA NATIONAL BANK [3] 205.4 240.6 66 63
JACKSONVILLE FL BATON ROUGE LA
NEW MEXICO EDUC ASST FOUNDATION 590.4 523.6 47 52 TWIN CITY FEDERAL SAVINGS BANK-TCF [5] 175.7 237.1 67 64
ALBUQUERQUE NM MINNEAPOLIS MN
BANK OF NORTH DAKOTA [2] 557.5 531.4 48 51 AMSOUTH BANCORP [3] 168.5 87.9 68 91
BISMARCK ND JACKSON MS
CONNECTICUT STUDENT LOAN FOUND [2] 493.8 456.9 49 53 STILLWATER NATIONAL BANK & TRUST CO 151.8 148.2 69 75
ROCKY HILL CT STILLWATER OK
RISLA/RHODE ISLAND STUDENT LOAN AUT [2] 483.8 612.8 50 49 NEW JERSEY HIGHER EDUCA ASST AUTH [2] 151.3 175.5 70 73
WARWICK RI TRENTON NJ
HSBC BANK USA [3] 450.6 433.0 51 55 NOVA SOUTHEASTERN UNIVERSITY 149.1 136.8 71 77
BUFFALO NY FORT LAUDERDALE FL
ACADEMIC LOAN GROUP 440.1 165.0 52 74 UNIVERSITY OF PENNSYLVANIA 147.3 135.2 72 78
NEW YORK NY PHILADELPHIA PA
ASSOCIATED BANK [9] 422.6 212.2 53 67 FIFTH THIRD BANK OF CENTRAL INDIANA 140.8 93.1 73 87
STEVENS POINT WI INDIANAPOLIS IN
LOUISIANA PUBLIC FACILITIES AUTH [2] 410.1 347.1 54 56 SAN ANTONIO FCU 138.7 141.6 74 76
BATON ROUGE LA SAN ANTONIO TX
ARKANSAS STUDENT LOAN AUTHORITY 385.9 319.3 55 59 EDUCAP, INC. 130.9 214.5 75 66
LITTLE ROCK AR MINNEAPOLIS MN
SOUTH TEXAS HIGHER ED ASSOC 384.5 344.5 56 57 WASHINGTON MUTUAL SAVINGS BANK [4] 129.0 121.7 76 80
AUSTIN TX SEATTLE WA
EDAMERICA [2] 345.4 2922.4 57 16 UNIVERSITY OF WISCONSIN CU 117.6 112.2 77 81
KNOXVILLE TN MADISON WI
WYOMING STUDENT LOAN CORP [2] 325.6 307.9 58 60 NORTHWEST SAVINGS BANK [2] 117.5 99.9 78 83
CHEYENNE WY WARREN PA
COMMERCE BANK N A 321.9 339.3 59 58 DOLLAR BANK 110.1 28.9 79 *
ST LOUIS MO PITTSBURGH PA
COLLEGE BOARD/COLLEGE CREDIT 287.4 281.0 60 61 CENTRAL TEXAS STUDENT LOAN CORP 109.6 101.4 80 82
NEW YORK NY SAN MARCOS TX

* Indicates ranking not in Top 100.

** Indicates merged with another lender and portfolio is reported elsewhere.
[ ] Numbers in brackets represent number of lender IDs that were grouped for that entity.
$ Outstanding includes Stafford, PLUS, SLS, and Consolidation loans (in millions). Source = ED FORM 799/LaRS
 TOP 100 CURRENT HOLDERS OF FFELP LOANS FOR 2005 AND 2004
(SEQUENCED FROM HIGH TO LOW ON 9/30/05 $ OUTSTANDING)

$ OUTSTANDING RANKINGS $ OUTSTANDING RANKINGS

LENDER NAME LENDER NAME
CITY ST FY05 FY04 FY05 FY04 CITY ST FY05 FY04 FY05 FY04
GEORGIA STUDENT FINANCE AUTHORITY [2] 109.0 99.4 81 84 AELMAC/SOUTHWEST STU SRVCS CORP [2] 0.0 4712.7 ** 9
TUCKER GA GILBERT AZ
MASSACHUSETTS ED FINANCING 104.7 49.6 82 * STUDENT LOAN FINANCE ASSOCIATION [3] 0.0 1654.6 ** 25
BOSTON MA SEATTLE WA
FIRST NATIONAL BANK OF BRYAN 97.4 40.4 83 * FLEET BANK [9] 0.0 638.5 ** 48
BRYAN TX UTICA NY
GOLDMAN SACHS 96.2 0.0 84 * FIRST FEDERALCAPITAL BANK 0.0 210.8 ** 68
JACKSONVILLE FL LACROSSE WI
COMERICA BANK [5] 96.1 98.4 85 85 STUD LOAN ACQUISITION AUTH OF AZ 0.0 194.5 ** 70
DETROIT MI MINNEAPOLIS MN
SIMMONS FIRST NATIONAL BANK 90.0 82.5 86 92 CHARTER ONE BANK FSB 0.0 179.4 ** 72
PINE BLUFF AR ALBANY NY
BOONE COUNTY NATIONAL BANK 88.7 89.4 87 90 UNION PLANTERS BANK [4] 0.0 130.1 ** 79
COLUMBIA MO KNOXVILLE TN
NOTRE DAME CREDIT UNION 86.9 90.9 88 88 COMPASS BANK [2] 28.5 72.6 * 96
NOTRE DAME IN COLLEGE STATION TX
ZIONS FIRST NATIONAL BANK [2] 86.3 53.6 89 * UNIVERSITY OF CHICAGO 50.0 64.9 * 98
SALT LAKE CITY UT CHICAGO IL
BENEFICIAL SAVINGS BANK 83.0 78.2 90 94 TEXAS HIGHER EDUCATION COORD BOARD 48.3 61.5 * 99
PHILADELPHIA PA AUSTIN TX
AZ HIGHER ED LOAN AUTH (AHELA) 81.8 0.0 91 *
MESA AZ
BANC FIRST [3] 81.1 80.6 92 93
SHAWNEE OK
KNOWLEDGE WORKS FOUNDATION 80.2 96.1 93 86
CINCINNATI OH FY05 FY04
USC CREDIT UNION [2] 78.6 49.7 94 * TOP 10 AS A PERCENT OF NATION 70.3 68.1
LOS ANGELES CA TOP 25 AS A PERCENT OF NATION 86.0 84.0
MARSHALL & ISLEY BANK [2] 78.6 89.8 95 89 TOP 50 AS A PERCENT OF NATION 95.1 93.9
MILWAUKEE WI TOP 75 AS A PERCENT OF NATION 97.4 96.9
SMS CORP - HI 67.0 61.5 96 100 TOP 100 AS A PERCENT OF NATION 98.2 97.9
RESTON VA
FULTON BANK [16] 66.3 78.0 97 95
EAST PETERSBURG PA
NEXTSTUDENT/NS, I 65.6 14.4 98 *
PHOENIX AZ
FROST NATIONAL BANK 63.8 67.5 99 97
SAN ANTONIO TX
SECURITY SERVICE FCU 59.7 60.6 100 *
SAN ANTONIO TX

* Indicates ranking not in Top 100.

** Indicates merged with another lender and portfolio is reported elsewhere.
[ ] Numbers in brackets represent number of lender IDs that were grouped for that entity.
$ Outstanding includes Stafford, PLUS, SLS, and Consolidation loans (in millions). Source = ED FORM 799/LaRS