Sallie Mae 2011 Annual Report Download - page 66
Download and view the complete annual report
Please find page 66 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
 |
 |
Off-Balance Sheet
Private Education Loan
Delinquencies(5)
December 31,
2009
(Dollars in millions) Balance %
Loans in-school/grace/deferment(1) ........................... $ 2,546
Loans in forbearance(2) ..................................... 453
Loans in repayment and percentage of each status:
Loans current .......................................... 8,987 90.0%
Loans delinquent 31-60 days(3) ............................. 332 3.3
Loans delinquent 61-90 days(3) ............................. 151 1.5
Loans delinquent greater than 90 days(3) ..................... 517 5.2
Total Private Education Loans in repayment .................. 9,987 100%
Total Private Education Loans, gross .......................... 12,986
Private Education Loan unamortized discount ................... (349)
Total Private Education Loans ............................... 12,637
Private Education Loan receivable for partially charged-off loans . . . 229
Private Education Loan allowance for losses .................... (524)
Private Education Loans, net ................................ $12,342
Percentage of Private Education Loans in repayment ............. 76.9%
Delinquencies as a percentage of Private Education Loans in
repayment ............................................. 10.0%
Loans in forbearance as a percentage of loans in repayment and
forbearance ............................................ 4.3%
Loans in repayment greater than 12 months as a percentage of loans
in repayment(4) ......................................... 56.3%
(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.
(4) Based on number of months in an active repayment status for which a scheduled monthly payment was
due.
(5) On January 1, 2010, upon adoption of the new consolidation accounting guidance, all off-balance sheet
loans are included in GAAP-basis.
64