| Business Summary | | USA
Education,
Inc.
is
the
nation's
largest
private
source
of
funding
and
servicing
support
for
higher
education
loans
for
students
and
their
parents.
The
Company
provides
a
wide
range
of
financial
services,
processing
capabilities
and
information
technology
to
meet
the
needs
of
educational
institutions,
lenders,
students,
and
guarantee
agencies.
As
of
December
31,
2000,
the
Company's
managed
portfolio
of
federally
insured
student
loans
totaled
approximately
$64.5
billion
(including
loans
owned
and
loans
securitized).
The
Company
also
had
commitments
to
purchase
$16.4
billion
of
additional
student
loans
as
of
December
31,
2000.
Primarily
a
provider
of
education
credit,
the
Company
serves
a
diverse
range
of
clients,
including
approximately
5,500
educational
and
financial
institutions
and
state
agencies.
The
Company
serves
in
excess
of
7
million
borrowers
through
its
ownership
and
management
of
approximately
$67.5
billion
in
student
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SLM
provides
a
wide
range
of
financial
services,
processing
capabilities
and
information
technology
to
meet
the
needs
of
educational
institutions,
lenders,
students
and
guarantee
agencies.
For
the
six
months
ended
6/30/01,
interest
income
rose
3%
to
$1.67
billion.
Net
income
applicable
to
Common
rose
14%
to
$305.8
million.
Interest
income
reflects
higher
student
loan
balances.
Net
income
also
benefited
from
an
increase
in
servicing
and
securitization
revenue. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Albert Lord, 55 Vice
Chairman and CEO | $5.3M | $6.2M | Thomas Fitzpatrick, 52 Pres,
COO, Director | 5.2M | -- | John Remondi, 39 CFO,
Exec. VP | -- | -- | Gregory Clancy, 47 Exec.
VP, CIO | -- | -- | Marianne Keler, 43 Exec.
VP, Gen. Counsel | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|