Sallie Mae 2007 Annual Report Download - page 71
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Balance % Balance % Balance %
December 31,
2007
December 31,
2006
December 31,
2005
Off-Balance Sheet Private Education
Loan Delinquencies
Loans in-school/grace/deferment
(1)
........ $ 4,963 $ 5,608 $3,679
Loans in forbearance
(2)
................. 1,417 822 614
Loans in repayment and percentage of each
status:
Loans current ...................... 7,403 94.7% 6,419 94.5% 4,446 95.6%
Loans delinquent 31-60 days
(3)
......... 202 2.6 222 3.3 136 2.9
Loans delinquent 61-90 days
(3)
......... 84 1.1 60 .9 35 .7
Loans delinquent greater than 90 days
(3)
. . 130 1.6 91 1.3 36 .8
Total Private Education Loans in
repayment ...................... 7,819 100% 6,792 100% 4,653 100%
Total Private Education Loans, gross . . . . . . 14,199 13,222 8,946
Private Education Loan unamortized
discount .......................... (355) (303) (188)
Total Private Education Loans ........... 13,844 12,919 8,758
Private Education Loan allowance for
losses............................ (334) (86) (78)
Private Education Loans, net ............ $13,510 $12,833 $8,680
Percentage of Private Education Loans in
repayment ........................ 55.1% 51.4% 52.0%
Delinquencies as a percentage of Private
Education Loans in repayment ......... 5.3% 5.5% 4.4%
Loans in forbearance as a percentage of
loans in repayment and forbearance . . . . . 15.3% 10.8% 11.7%
(1)
Loans for borrowers who still may be attending school or engaging in other permitted educational activities and are not yet
required to make payments on the loans, e.g., residency periods for medical students or a grace period for bar exam preparation.
(2)
Loans for borrowers who have requested extension of grace period generally during employment transition or who have tempo-
rarily ceased making full payments due to hardship or other factors, consistent with the established loan program servicing poli-
cies and procedures.
(3)
The period of delinquency is based on the number of days scheduled payments are contractually past due.
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