HIGHBuilt-inLoan_portfolio
Private Education Loans
“10-K Item 1A: 'approximately 71 percent of our total assets, and 83 percent of our total assets excluding cash and cash equivalents, were comprised of Private Education Loans'”
SLM · Concentration risk · 10-K extracted
SLM (SLM) concentration risks
Updated
The most significant concentration SLM discloses is Private Education Loans, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: SLM’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inLoan_portfolio
online deposit products
“10-K Item 1A: 'Our deposit funding base is primarily concentrated in online deposit products, including high-yield savings accounts, money market accounts, and certificates of deposit'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24Private Education Loans dominate the balance sheet: they comprise approximately 71% of total assets — or 83% of total assets excluding cash and cash equivalents — a high disclosed share that is structural to the balance sheet. The deposit funding base adds a second, smaller concentration: it is primarily in online deposit products, a medium-share, structural reliance on rate-sensitive, internet-gathered funding such as high-yield savings and money market accounts. Netting these out, the asset-side concentration in a single product category is the dominant feature — it ties credit performance and growth tightly to one book and its borrower base — while the online-deposit funding mix is a secondary, structural exposure to deposit competition and rate cycles. The private-education concentration is the line most worth monitoring, since shifts in that book's credit quality or origination volume would move the overall risk profile; the funding concentration matters mainly through deposit pricing and retention.
For the engine’s reasoning on SLM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Credit Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AGM | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AGM-A | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AFRM | Affirm Holdings, Inc. | 2 | 1 | 0 | 3 |
| SLM● | SLM Corporation | 1 | 1 | 0 | 2 |
| AXP | American Express Company | 0 | 3 | 1 | 4 |
| ALLY | Ally Financial Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.