Sallie Mae 2011 Annual Report Download - page 148

SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. Allowance for Loan Losses (Continued)
Accrued Interest Receivable
The following table provides information regarding accrued interest receivable on our Private Education
Loans. The table also discloses the amount of accrued interest on loans greater than 90 days past due as
compared to our allowance for uncollectible interest. The allowance for uncollectible interest exceeds the amount
of accrued interest on our 90 days past due portfolio for all periods presented.
Accrued Interest Receivable
As of December 31,
(Dollars in millions) Total
Greater than
90 days
Past Due
Allowance for
Uncollectible
Interest
2011
Private Education Loans — Traditional .................. $ 870 $36 $44
Private Education Loans — Non-Traditional .............. 148 18 28
Total .............................................. $1,018 $54 $72
2010
Private Education Loans — Traditional .................. $1,062 $35 $57
Private Education Loans — Non-Traditional .............. 209 20 37
Total .............................................. $1,271 $55 $94
2009
Private Education Loans — Traditional .................. $ 917 $19 $31
Private Education Loans — Non-Traditional .............. 248 22 65
Total .............................................. $1,165 $41 $96
F-39