Sallie Mae 2015 Annual Report Download - page 62
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60
(Dollars in millions)
December 31, 2013
Monthly Scheduled Payments Due
Not Yet in
Repayment Total0 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 total loans in repayment and
forbearance . . . . . . . . . . . . . . . . . . . . . 0.25% 0.08% 0.05% 0.02% —% —% 0.40%
Private Education Loan Repayment Options
Certain loan programs allow customers to select from a variety of repayment options depending on their loan type and
their enrollment/loan status, which include the ability to extend their repayment term or change their monthly payment. The
following table shows the comparison of our Private Education Loan portfolio by product type for the years ended December
31, 2015 and 2014.
December 31, 2015
(Dollars in thousands Signature and
Other Smart Option Career
Training Total
$ in repayment(1) . . . . . . . . . . . . . . . . . . . $ 141,900 $ 6,769,788 $ 15,578 $ 6,927,266
$ in total . . . . . . . . . . . . . . . . . . . . . . . . . $ 302,949 $ 10,277,517 $ 15,971 $ 10,596,437
December 31, 2014
(Dollars in thousands Signature and
Other Smart Option Career
Training Total
$ in repayment(1) . . . . . . . . . . . . . . . . . . . $ 124,774 $ 5,007,318 $ 17,132 $ 5,149,224
$ in total . . . . . . . . . . . . . . . . . . . . . . . . . $ 275,205 $ 8,018,751 $ 17,420 $ 8,311,376
_________
(1) Loans in repayment include loans on which borrowers are making interest only and fixed payments as well as
loans that have entered full principal and interest repayment status.