Sallie Mae 2015 Annual Report Download - page 54
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52
Average Education Loan Balances (net of unamortized premium/discount)
Years Ended December 31,
(Dollars in thousands) 2015 2014 2013
Private Education Loans. . . $ 9,819,053 89% $ 7,563,356 85% $ 5,996,651 84%
FFELP Loans . . . . . . . . . . . 1,179,723 11 1,353,497 15 1,142,979 16
Total portfolio. . . . . . . . . . . $ 10,998,776 100% $ 8,916,853 100% $ 7,139,630 100%
Education Loan Activity
Year Ended December 31, 2015
(Dollars in thousands)
Private
Education
Loans FFELP
Loans Total
Portfolio
Beginning balance. . . . . . . . . . . . . . . . . . $ 8,246,647 $ 1,263,139 $ 9,509,786
Acquisitions and originations . . . . . . . . . 4,366,651 — 4,366,651
Capitalized interest and deferred
origination cost premium amortization . . 239,330 39,743 279,073
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,412,015) — (1,412,015)
Loan consolidation to third-parties . . . . . (75,369) (43,087) (118,456)
Repayments and other. . . . . . . . . . . . . . . (849,739) (144,709) (994,448)
Ending balance . . . . . . . . . . . . . . . . . . . . $ 10,515,505 $ 1,115,086 $ 11,630,591
Year Ended December 31, 2014
(Dollars in thousands)
Private
Education
Loans FFELP
Loans Total
Portfolio
Beginning balance. . . . . . . . . . . . . . . . . . $ 6,506,642 $ 1,424,735 $ 7,931,377
Acquisitions and originations . . . . . . . . . 4,087,320 7,470 4,094,790
Capitalized interest and deferred
origination cost premium amortization . . 170,306 46,093 216,399
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,873,414) (7,654) (1,881,068)
Loan consolidation to third-parties . . . . . (14,811) (41,760) (56,571)
Repayments and other. . . . . . . . . . . . . . . (629,396) (165,745) (795,141)
Ending balance . . . . . . . . . . . . . . . . . . . . $ 8,246,647 $ 1,263,139 $ 9,509,786