TOP 100 CONSOLIDATING LENDERS FOR 2006 AND 2005

(SEQUENCED FROM HIGH TO LOW ON $ OF NEW GUARANTEES IN FY06)

$ OF NEW $ OF NEW
GUARANTEES RANKINGS GUARANTEES RANKINGS
LENDER NAME [# of LIDs] LENDER NAME [# of LIDs]
CITY ST FY06 FY05 FY06 FY05 CITY ST FY06 FY05 FY06 FY05
SLM CORPORATION (SALLIE MAE) [12] 19996.6 19263.2 1 1 NORTHSTAR 890.8 1707.7 21 6
RESTON VA ST. PAUL MN
NATIONAL ED LOAN NETWORK (NELNET) [7]
4869.8 3564.7 2 3 EDSOUTH [2] 870.6 529.2 22 18
LINCOLN NE KNOXVILLE TN
CITIBANK, STUDENT LOAN CORP [7] 4775.8 4752.1 3 2 INDIANA SECONDARY MARKET 815.1 232.3 23 31
PITTSFORD NY INDIANAPOLIS IN
NEXT STUDENT [3] 3301.4 707.6 4 17 FINANSURE STUD LOAN 657.8 0.0 24 *
PHOENIX AZ CINCINNATI OH
GOAL FINANCIAL [3] 2475.6 1651.7 5 7 PITTSBURGH NATIONAL CORP (PNC) [3] 632.8 789.1 25 16
SAN DIEGO CA PITTSBURGH PA
COLLEGE LOAN CORP [2] 2217.0 1602.8 6 8 IOWA STUDENT LOAN LIQUIDITY CORP 544.5 298.4 26 26
SAN DIEGO CA WEST DES MOINES IA
PA HIGHER ED ASST AUTH (PHEAA) [2] 2062.8 1572.1 7 10 COLLEGE FOUNDATION INC 512.5 308.0 27 24
HARRISBURG PA RALEIGH NC
STUDENT LOAN XPRESS 1887.3 880.3 8 13 BANK OF AMERICA [7] 495.7 317.4 28 23
CINCINNATI OH LOS ANGELES CA
BRAZOS GROUP [11] 1880.2 1591.2 9 9 SC STUDENT LOAN TAXABLE 463.8 371.6 29 21
WACO TX COLUMBIA SC
WACHOVIA EDUCATION FINANCE INC. [2] 1654.3 1308.5 10 11 VSAC EDUCATION LOAN FINANCE PROGRAM 439.9 254.1 30 30
SACRAMENTO CA WINOOSKI VT
SUNTRUST BANK [8] 1588.1 1857.8 11 5 ILLINOIS STUDENT ASSIS COMM/IDAAP [2] 434.2 299.0 31 25
RICHMOND VA DEERFIELD IL
ACCESS GROUP [2] 1483.3 824.8 12 14 EDUCATION LOANS INC. 366.9 259.6 32 29
WILMINGTON DE ABERDEEN SD
COLLEGIATE FUNDING SERVICES 1453.1 1986.7 13 4 GCO EDUCATION LOAN FUNDING [2] 365.3 157.5 33 38
FREDERICKSBURG VA DENVER CO
GRADUATE LEVERAGE 1417.3 91.7 14 47 MT HIGHER ED STUD ASST CORP [4] 350.0 168.3 34 37
CINCINNATI OH HELENA MT
MISSOURI HIGHER EDUCATION LOAN AUTH1333.5
[2] 817.7 15 15 UTAH STATE BOARD OF REGENTS 332.3 376.5 35 20
ST LOUIS MO SALT LAKE CITY UT
PACIFIC LOAN PROC 1304.1 343.3 16 22 BUSINESS FINANCIAL SOLUTIONS 286.2 108.1 36 46
CINCINNATI OH JACKSONVILLE FL
ACADEMIC LOAN GROUP 1212.4 289.3 17 27 K2FINANCIAL, LLC 279.1 0.0 37 *
NEW YORK NY NEW YORK NY
WELLS FARGO EDUCATION FINANCIAL SER 1193.3
[2] 1158.8 18 12 NORTH TEXAS HEA 258.4 177.2 38 35
SIOUX FALLS SD FT WORTH TX
AFFINITY DIRECT 1008.8 0.0 19 * PANHANDLE PLAINS HEA [5] 251.5 140.5 39 39
CINCINNATI OH CANYON TX
BANK ONE [6] 1004.9 9.0 20 80 KEY CORP [3] 245.1 270.3 40 28
COLUMBUS OH CLEVELAND OH

* INDICATES RANKING NOT IN TOP 100.

** MERGED WITH ANOTHER LENDER AND PORTFOLIO IS REPORTED ELSEWHERE.
$ OF NEW GUARANTEES INCLUDES ONLY CONSOLIDATION LOANS (IN MILLIONS). DATA SOURCE: NSLDS
 TOP 100 CONSOLIDATING LENDERS FOR 2006 AND 2005
(SEQUENCED FROM HIGH TO LOW ON $ OF NEW GUARANTEES IN FY06)

$ OF NEW $ OF NEW
GUARANTEES RANKINGS GUARANTEES RANKINGS
LENDER NAME [# of LIDs] LENDER NAME [# of LIDs]
CITY ST FY06 FY05 FY06 FY05 CITY ST FY06 FY05 FY06 FY05
KENTUCKY HIGHER ED STUDENT LOAN COR 209.2 130.9 41 42 NAT'L STUD LOANS FUND 80.6 0.0 61 *
LOUISVILLE KY NEW YORK NY
ALL STUDENT LOAN CORP 201.1 169.0 42 36 REGIONS BANK 78.9 77.0 62 51
HOUSTON TX MOBILE AL
NEW MEXICO EDUC ASST FOUNDATION 195.6 57.1 43 52 STUDENT LEND & CONSOL 78.0 0.0 63 *
ALBUQUERQUE NM JACKSONVILLE FL
ERIE PROCESSING CORP 194.2 0.0 44 * LOUISIANA PUBLIC FACILITIES AUTH 76.5 39.0 64 61
CINCINNATI OH BATON ROUGE LA
NEW HAMPSHIRE HIGHER ED LOAN CORP 187.4 187.2 45 34 AMERICAN OPTOMETRIC ASSOC 74.0 42.7 65 59
CONCORD NH PORTLAND OR
MISSISSIPPI HIGHER ED ASST CORP 180.4 200.9 46 33 ACADEMIC FINANCIAL SOLUT 69.2 0.0 66 *
JACKSON MS JACKSONVILLE FL
EDUCATION LOAN COMPANY 179.9 218.2 47 32 ASSOCIATED BANK NA 68.9 50.0 67 55
LAS VEGAS NV STEVENS POINT WI
COLLEGEINVEST 170.6 129.4 48 43 STUDENT FINANCIAL SERVIC 65.7 0.0 68 *
DENVER CO JACKSONVILLE FL
CA HIGHER ED LOAN AUTH (CHELA) 168.8 411.9 49 19 ARKANSAS STUDENT LOAN AUTHORITY 64.8 47.7 69 56
MESA AZ LITTLE ROCK AR
FED ASSC OF FIN SVCS 167.6 56.2 50 53 SOUTH TEXAS HIGHER ED AUTH 48.4 39.8 70 60
NEW YORK NY AUSTIN TX
SCHOLARPOINT FINANCIAL INC. 166.2 20.8 51 69 NAVY FEDERAL CREDIT UNION 44.8 42.8 71 58
CINCINNATI OH MERRIFIELD VA
OKLAHOMA STUDENT LOAN AUTHORITY 165.3 134.5 52 40 MASSACHUSETTS ED FINANCING 40.1 20.6 72 70
OKLAHOMA CITY OK BOSTON MA
ED LOAN TRUST IV, LLC 154.8 0.0 53 * UNIVERSITY OF WISCONSIN CU 35.4 22.2 73 68
JACKSONVILLE FL MADISON WI
U S BANK [3] 153.4 131.7 54 41 WIDENER UNIVERSITY 34.2 23.2 74 65
MILWAUKEE WI CHESTER PA
COLLEGIATE SOLUTIONS 150.5 0.0 55 * UNIVERSITY OF PENNSYLVANIA 33.5 55.7 75 54
CINCINNATI OH PHILADELPHIA PA
CSLF/SUSIE MAE 148.3 87.1 56 49 HSBC BANK USA [2] 33.0 25.0 76 64
ROCKY HILL CT BUFFALO NY
LAW SCHOOL FINANCIAL 126.4 0.0 57 * SCHOOL LOANS CORPORATION 32.5 7.9 77 86
CINCINNATI OH CINCINNATI OH
CITIZENS BANK [5] 111.9 116.1 58 45 COLLEGE SOLUTIONS NETWORK 30.4 16.5 78 71
WESTWOOD MA JACKSONVILLE FL
BANK OF NORTH DAKOTA 96.5 128.2 59 44 WYOMING STUDENT LOAN CORPORATION 29.0 28.0 79 62
BISMARCK ND CHEYENNE WY
MICHIGAN HIGHER EDUCATION STUD LOAN 84.8 80.8 60 50 CALIFORNIA DENTAL ASSC. 24.2 16.2 80 72
LANSING MI PORTLAND OR

* INDICATES RANKING NOT IN TOP 100.

** MERGED WITH ANOTHER LENDER AND PORTFOLIO IS REPORTED ELSEWHERE.
$ OF NEW GUARANTEES INCLUDES ONLY CONSOLIDATION LOANS (IN MILLIONS). DATA SOURCE: NSLDS
 TOP 100 CONSOLIDATING LENDERS FOR 2006 AND 2005
(SEQUENCED FROM HIGH TO LOW ON $ OF NEW GUARANTEES IN FY06)

$ OF NEW $ OF NEW
GUARANTEES RANKINGS GUARANTEES RANKINGS
LENDER NAME [# of LIDs] LENDER NAME [# of LIDs]
CITY ST FY06 FY05 FY06 FY05 CITY ST FY06 FY05 FY06 FY05
FIRST NATIONAL BANK OF BRYAN 23.5 46.4 81 57 LONESTAR FUNDING GROUP INC. [6] 0.0 91.3 ** 48
BRYAN TX BRYAN TX
STUDENT FUNDING SERVICES 22.9 0.0 82 * UNION BANK & TRUST 0.3 12.7 * 75
JACKSONSVILLE FL LINCOLN NE
NATIONAL CITY BANK [4] 22.5 7.5 83 88 COSTEP 0.6 9.1 * 78
CLEVELAND OH EDINBURG TX
BANK OF NY ELT DSS 22.4 0.0 84 * CENTRAL TEXAS STUDENT LOAN CORP [2] 0.0 8.9 ** 81
JACKSONVILLE FL SAN MARCOS TX
FARMERS SAVINGS BANK 18.4 22.2 85 67 COMMERCE BANK N A 5.7 8.6 * 83
MINERAL POINT WI ST LOUIS MO
ANCHORBANK FSB 16.4 8.7 86 82 MISSION FEDERAL CREDIT UNION 1.9 8.3 * 85
MADISON WI SAN DIEGO CA
KNOWLEDGE WORKS FOUNDATION [2] 15.9 0.2 87 * FULTON BANK [10] 5.7 7.9 * 87
CLEVELAND OH EAST PETERSBURG PA
SOVEREIGN BANK 13.0 5.6 88 95 NEW JERSEY HIGHER EDUCA ASSTAUTH 5.7 7.5 * 89
TOMS RIVER NJ TRENTON NJ
NORTHWEST SAVINGS BANK 11.8 25.5 89 63 SMS CORP - HI 5.6 7.4 * 90
WARREN PA INDIANAPOLIS IN
BENEFICIAL SAVINGS BANK 11.2 10.4 90 77 FIRSTRUST SAVINGS BANK 5.0 6.9 * 92
PHILADELPHIA PA CONSHOHOCKEN PA
AMERICAN SLC 10.7 0.0 91 * TEACHERS FCU 3.1 5.9 * 93
NEW YORK NY FARMINGVILLE NY
ALASKA (ACPE) 10.6 7.2 92 91 DOW CHEMICAL EMPLOYEES' CU 5.0 5.8 * 94
JUNEAU AK MIDLAND MI
MEMBERS 1ST FEDERAL CREDIT UNION 10.5 8.5 93 84 PHILADELPHIA FEDERAL CREDIT UNION 3.5 4.1 * 97
MECHANICSBURG PA PHILADELPHIA PA
SAN ANTONIO FCU 10.4 13.7 94 74 EDUCAP, INC. 1.0 3.5 * 98
SAN ANTONIO TX MINNEAPOLIS MN
GEORGIA STUDENT FINANCE AUTHORITY 10.3 9.1 95 79 SUMMIT CREDIT UNION 3.3 3.3 * 99
TUCKER GA MADISON WI
FINANCE AUTHORITY OF MAINE 9.2 3.0 96 * SUNCOAST SCHOOLS FCU 3.7 3.0 * 100
AUGUSTA ME TAMPA FL
M&T BANK EDUCATIONAL LENDING [2] 8.4 12.1 97 76
BUFFALO NY
NOTRE DAME CREDIT UNION 8.1 13.8 98 73 FY06 FY05
NOTRE DAME IN TOP 10 AS A PERCENT OF NATION 62.4 72.7
ROYAL CREDIT UNION 7.7 4.3 99 96 TOP 25 AS A PERCENT OF NATION 85.7 90.1
EAU CLAIRE WI TOP 50 AS A PERCENT OF NATION 96.0 97.9
RHODE ISLAND STUDENT LOAN AUTHORITY 6.9 22.8 100 66 TOP 75 AS A PERCENT OF NATION 99.1 99.5
WARWICK RI TOP 100 AS A PERCENT OF NATION 99.7 99.8

* INDICATES RANKING NOT IN TOP 100.

** MERGED WITH ANOTHER LENDER AND PORTFOLIO IS REPORTED ELSEWHERE.
$ OF NEW GUARANTEES INCLUDES ONLY CONSOLIDATION LOANS (IN MILLIONS). DATA SOURCE: NSLDS