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Student Loans (Tables)
 12 Months Ended
Dec. 31, 2012
Receivables [Abstract]  
Student Loan Portfolio by Program

The following table reflects the distribution of our student loan portfolio by program.

 

     December 31,
2012		     Year Ended
December 31, 2012		  

(Dollars in millions)

    Ending
Balance		      % of
Balance		     Average
Balance		      Average
Effective
Interest
Rate		  

FFELP Stafford and Other Student Loans, net(1)

    $ 44,289         27 %    $ 47,629         1.98 % 

FFELP Consolidation Loans, net

      81,323         50        84,495         2.73   

Private Education Loans, net

      36,934         23        37,691         6.58   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total student loans, net

    $ 162,546         100 %    $ 169,815         3.38 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

     December 31,
2011		     Year Ended
December 31, 2011		  

(Dollars in millions)

    Ending
Balance		      % of
Balance		     Average
Balance		      Average
Effective
Interest
Rate		  

FFELP Stafford and Other Student Loans, net(1)

    $ 50,440         29 %    $ 53,163         1.92 % 

FFELP Consolidation Loans, net

      87,690         50        89,946         2.71   

Private Education Loans, net

      36,290         21        36,955         6.57   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total student loans, net

    $ 174,420         100 %    $ 180,064         3.27 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) 

The FFELP category is primarily Stafford Loans, but also includes federally guaranteed PLUS and HEAL Loans.