Sallie Mae 2011 Annual Report Download - page 144
Download and view the complete annual report
Please find page 144 of the 2011 Sallie Mae annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
 |
 |
SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. Allowance for Loan Losses (Continued)
Private Education Traditional Loan
Delinquencies
December 31,
2011 2010 2009
(Dollars in millions) Balance % Balance % Balance %
Loans in-school/grace/deferment(1) ..................... $ 5,866 $ 7,419 $ 7,812
Loans in forbearance(2) .............................. 1,195 1,156 784
Loans in repayment and percentage of each status:
Loans current .................................... 25,110 91.4% 22,850 91.2% 10,844 90.2%
Loans delinquent 31-60 days(3) ...................... 868 3.2 794 3.2 437 3.6
Loans delinquent 61-90 days(3) ...................... 393 1.4 340 1.4 204 1.7
Loans delinquent greater than 90 days(3) ............... 1,096 4.0 1,060 4.2 543 4.5
Total traditional loans in repayment .................. 27,467 100% 25,044 100% 12,028 100%
Total traditional loans, gross .......................... 34,528 33,619 20,624
Traditional loans unamortized discount ................. (792) (801) (475)
Total traditional loans ............................... 33,736 32,818 20,149
Traditional loans receivable for partially charged-off
loans .......................................... 705 558 193
Traditional loans allowance for losses .................. (1,542) (1,231) (664)
Traditional loans, net ................................ $32,899 $32,145 $19,678
Percentage of traditional loans in repayment ............. 80.0% 74.5% 58.3%
Delinquencies as a percentage of traditional loans in
repayment ...................................... 8.6% 8.8% 9.8%
Loans in forbearance as a percentage of loans in repayment
and forbearance .................................. 4.2% 4.4% 6.1%
(1) Deferment includes borrowers who have returned to school or are engaged 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 temporarily
ceased making full payments due to hardship or other factors, consistent with established loan program servicing policies and procedures.
(3) The period of delinquency is based on the number of days scheduled payments are contractually past due.
F-35