Sallie Mae 2008 Annual Report Download - page 64
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The following table provides the detail for our traditional and non-traditional Managed Private Education
Loans at December 31, 2008, 2007 and 2006 as previously presented.
Traditional
Non-
Traditional Total Traditional
Non-
Traditional Total Traditional
Non-
Traditional Total
December 31, 2008 December 31, 2007 December 31, 2006
Ending total loans, gross .... $30,949 $4,945 $35,894 $25,791 $4,580 $30,371 $20,006 $3,644 $23,650
Ending loans in repayment . . . 17,715 2,997 20,712 12,711 2,155 14,866 9,821 1,822 11,643
Private Education Loan
allowance for losses . . .... 707 792 1,499 438 782 1,220 179 215 394
Net charge-offs as a percentage
of average loans in
repayment
(1)
........... 2.1% 14.3% 3.9% 1.5% 11.9% 3.1% .6% 7.2% 1.6%
Allowance as a percentage of
ending total loans, gross . . . 2.3% 16.0% 4.2% 1.7% 17.1% 4.0% .9% 5.9% 1.7%
Allowance as a percentage of
ending loans in repayment . . 4.0% 26.4% 7.2% 3.5% 36.3% 8.2% 1.8% 11.8% 3.4%
Average coverage of net
charge-offs
(1)
.......... 2.4 2.3 2.3 2.6 3.3 3.0 3.3 2.0 2.4
Delinquencies as a percentage
of Private Education Loans
in repayment. . ......... 7.1% 28.9% 10.2% 5.2% 26.3% 8.3% 5.4% 26.0% 8.7%
Delinquencies greater than
90 days as a percentage of
Private Education Loans in
repayment . . . ......... 2.6% 12.7% 4.0% 1.7% 11.1% 3.1% 1.5% 10.6% 3.0%
Loans in forbearance as a
percentage of loans in
repayment and
forbearance . . ......... 6.7% 9.0% 7.0% 12.8% 19.4% 13.9% 8.7% 11.9% 9.2%
(1)
Full year actuals for the years ended December 31, 2008, 2007 and 2006.
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