Sallie Mae 2013 Annual Report Download - page 37
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Key Credit Quality Indicators
The following table highlights the principal historical balance of the Private Education Loan portfolio of
Sallie Mae Bank stratified by the key credit quality indicators as of December 31, 2013.
Credit Quality Indicators
Private Education Loans
December 31, 2013
(Dollars in millions) Balance %
Cosigner
With cosigners ........................................... $5,899 90%
Without cosigner .......................................... 664 10
Total ................................................... $6,563 100%
FICO at Origination
Less than 670 ............................................ $ 461 7%
670—709 .............................................. 1,364 21
710—749 .............................................. 1,649 25
Greater than or equal to 750 ................................. 3,089 47
Total ................................................... $6,563 100%
Average FICO at origination ................................ 746
Seasoning
1 — 12 payments ......................................... $1,840 28%
13 — 24 payments ........................................ 1,085 17
25 — 36 payments ........................................ 670 10
37 — 48 payments ........................................ 362 6
More than 48 payments .................................... 31 —
Not yet in repayment ...................................... 2,575 39
Total ................................................... $6,563 100%
Delinquencies by vintage
Loans in school/grace/deferment ............................. $2,575 39%
Loans in forbearance ...................................... 16 —
Loans in repayment:
Loans current .......................................... 3,933 60
Loans delinquent 31 — 60 days ............................ 29 1
Loans delinquent 61 — 90 days ............................ 10 —
Loans delinquent greater than 90 days ....................... — —
Total loans in repayment ................................... 3,972 61
Total Private Education Loans, gross .......................... 6,563
Unamortized premium/discount .............................. 5
Allowance for loan losses ................................... (62)
Total Private Education Loans, net ......................... $6,506 100%
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