Sallie Mae 2014 Annual Report Download - page 56
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(Dollars in millions)
December 31, 2013
Monthly Scheduled Payments Due
Not Yet in
Repayment
Total
0 to 12
13 to 24
25 to 36
37 to 48
More than 48
Loans in-school/grace/deferment ........
$
—
$
—
$
—
$
—
$
—
$
2,575
$
2,575
Loans in forbearance .........................
10
3
2
1
—
—
16
Loans in repayment - current ..............
1,862
1,073
640
332
26
—
3,933
Loans in repayment - delinquent 31-
60 days.............................................
12
7
6
4
—
—
29
Loans in repayment - delinquent 61-
90 days.............................................
4
3
2
1
—
—
10
Loans in repayment - delinquent
greater than 90 days ...........................
—
—
—
—
—
—
—
Total ................................................
$
1,888
$
1,086
$
650
$
338
$
26
$
2,575
6,563
Unamortized discount ........................
5
Allowance for loan losses...................
(62
)
Total Private Education Loans, net ......
$
6,506
Loans in forbearance as a percentage
of loans in repayment and
forbearance .......................................
0.53
%
0.28
%
0.31
%
0.30
%
—
%
—
%
0.40
%
(Dollars in millions)
December 31, 2012
Monthly Scheduled Payments Due
Not Yet in
Repayment
Total
0 to 12
13 to 24
25 to 36
37 to 48
More than 48
Loans in-school/grace/deferment ........
$
—
$
—
$
—
$
—
$
—
$
1,749
$
1,749
Loans in forbearance .........................
5
3
1
—
—
—
9
Loans in repayment - current ..............
1,654
1,482
530
32
7
—
3,705
Loans in repayment - delinquent 31-
60 days.............................................
14
12
7
1
—
—
34
Loans in repayment - delinquent 61-
90 days.............................................
4
4
3
—
—
—
11
Loans in repayment - delinquent
greater than 90 days ...........................
—
—
—
—
—
—
—
Total ................................................
$
1,677
$
1,501
$
541
$
33
$
7
$
1,749
5,508
Unamortized discount ........................
5
Allowance for loan losses...................
(65
)
Total Private Education Loans, net ......
$
5,448
Loans in forbearance as a percentage
of loans in repayment and
forbearance .......................................
0.30
%
0.20
%
0.18
%
—
%
—
%
—
%
0.24
%
54