Sallie Mae 2015 Annual Report Download - page 124
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SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, unless otherwise noted)
6. Allowance for Loan Losses (Continued)
F-34
The following table provides the amount of modified loans (which includes forbearance and reductions in interest
rates) that became TDRs in the periods presented. Additionally, for the periods presented, the table summarizes charge-offs
occurring in the TDR portfolio, as well as TDRs for which a payment default occurred in the relevant period presented and
within 12 months of the loan first being designated as a TDR. We define payment default as 60 days past due for this disclosure.
Years Ended December 31,
2015 2014
Modified
Loans(1) Charge-
offs Payment-
Default Modified
Loans(1) Charge-offs Payment-
Default
TDR Loans . . . . . . . . . . $ 244,890 $ 10,877 $ 51,602 $ 59,402 $ 948 $ 325
_______
(1) Represents the principal balance of loans that have been modified during the period and resulted in a TDR.