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Student Loans (Tables)
 12 Months Ended
Dec. 31, 2013
Receivables [Abstract]  
Student Loan Portfolio by Program

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

 

     December 31,
2013		     Year Ended
December 31, 2013		  

(Dollars in millions)

    Ending
Balance		      % of
Balance		     Average
Balance		      Average
Effective
Interest
Rate		  

FFELP Stafford and Other Student Loans, net(1)

    $ 40,021         28 %    $ 42,039         2.01 % 

FFELP Consolidation Loans, net

      64,567         46        70,113         2.82   

Private Education Loans, net

      37,512         26        38,292         6.60   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total student loans, net

    $ 142,100         100 %    $ 150,444         3.56 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

     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 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

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