STUDENT LENDER BAILOUT HISTORY
The big student loan lobbyists want to take badly needed money out of the pockets of state schools and keep it for the banks.
But how much taxpayer bailout money have the largest student loan lenders already received? As it turns out, billions:
| Lender | Student Loans Originated 2008 | Student Loans Held 2008 | Loans Purchased 2007- 2010 |
Loan Participation 2008- 2009 |
Asset-Backed Commercial Paper 2010 | Total TARP money received* | Total Bailout $$ Committed |
| Sallie Mae | $14.27 | $141.50 | $20.50 | $34.65 | $14.25 | $0.00 | $69.40 |
| Citi | $6.20 | $31.32 | $3.11 | $7.14 | $10.63 | $1.98 | $22.86 |
| Wachovia | $5.13 | $12.33 | $5.76 | $1.89 | $0.00 | $0.07 | $7.73 |
| BofA | $4.27 | $6.78 | $1.53 | $0.00 | $0.00 | $55.60 | $57.13 |
| WellsFargo | $3.94 | $14.25 | $5.41 | $0.03 | $0.78 | $30.74 | $36.95 |
| JP Morgan | $3.42 | $11.94 | $2.46 | $0.00 | $0.00 | $30.07 | $32.53 |
| U.S. Bank | $2.28 | $4.09 | $1.64 | $0.00 | $0.00 | $6.60 | $8.24 |
| EdAmerica | $1.61 | $4.79 | $1.92 | $2.77 | $1.16 | $0.00 | $5.85 |
| PNC | $1.27 | $2.25 | $0.00 | $0.00 | $0.00 | $8.32 | $8.32 |
| Suntrust Bank | $1.09 | $3.77 | $0.28 | $0.00 | $0.00 | $4.85 | $5.13 |
| Access group | $1.06 | $6.36 | $0.47 | $1.79 | $0.78 | $0.00 | $3.04 |
| Nelnet | $1.02 | $25.91 | $2.27 | $3.16 | $1.12 | $0.00 | $6.54 |