Private Education Loans (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Estimated Fair Value, Accretable Yield and Expected Cash Flows for PEAKS Trust Student Loans and 2009 Entity Student Loans

The following table sets forth the estimated fair value, accretable yield and expected cash flows for the PEAKS Trust Student Loans and 2009 Entity Student Loans, in total and for those loans pursuant to which ASC 310-30 was applied by analogy, as of the dates indicated:


	PEAKS Trust Student Loans				2009 Entity Student Loans
	As of February 28, 2013				As of September 30, 2014
	Total		ASC 310-30 Applied By Analogy		Total		ASC 310-30 Applied By Analogy
Estimated fair value	$	112,116	$	60,177	$	27,199	$	12,799
Accretable yield		100,953		58,843		12,498		5,651

Expected cash flows	$	213,069	$	119,020	$	39,697	$	18,450

Schedule of Information Regarding Aggregate Changes in Accretable Yield

The following tables set forth information regarding aggregate changes in accretable yield of the loan pools of the PEAKS Trust Student Loans, in total, and for those loans pursuant to which ASC 310-30 was applied by analogy, for the periods indicated:


	Three Months Ended September 30, 2014						Three Months Ended September 30, 2013
	Total			ASC 310-30 Applied By Analogy			Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	59,929		$	36,444		$	99,475		$	60,533
Accretion		(2,727	)		(1,602	)		(4,072	)		(2,334	)
Reclassification from nonaccretable difference and changes in expected cash flows		(2,077	)		(830	)		(16,513	)		(11,451	)

Balance at end of period	$	55,125		$	34,012		$	78,890		$	46,748


	Nine Months Ended September 30, 2014						Nine Months Ended September 30, 2013
	Total			ASC 310-30 Applied By Analogy			Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	70,580		$	42,274		$	0		$	0
Additions resulting from the PEAKS Consolidation		0			0			100,953			58,843
Accretion		(9,099	)		(5,302	)		(9,536	)		(5,282	)
Reclassification from nonaccretable difference and changes in expected cash flows		(6,356	)		(2,960	)		(12,527	)		(6,813	)

Balance at end of period	$	55,125		$	34,012		$	78,890		$	46,748

Schedule of Contractually Required Future Principal and Interest Payments, Expected Cash Flows and Nonaccretable Difference

The following table sets forth the contractually required future principal and interest payments, expected cash flows and the nonaccretable difference, in total and for those loans pursuant to which ASC 310-30 was applied by analogy, for the PEAKS Trust Student Loans and the 2009 Entity Student Loans as of the dates indicated:


	PEAKS Trust Student Loans				2009 Entity Student Loans
	As of February 28, 2013				As of September 30, 2014
	Total		ASC 310-30 Applied By Analogy		Total		ASC 310-30 Applied By Analogy
Contractual future principal and interest payments	$	487,800	$	213,600	$	111,159	$	36,715
Expected cash flows		213,069		119,020		39,697		18,450

Nonaccretable difference	$	274,731	$	94,580	$	71,462	$	18,265

Schedule of Information Regarding Changes in Allowance for Loan Losses

The following table sets forth information regarding changes in the allowance for loan losses of the loan pools of the PEAKS Trust Student Loans in the aggregate in the period indicated:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Balance at beginning of period	$	38,420	$	4,319	$	29,349	$	0
Loans charged off		0		0		0		0
Recoveries from charged off loans		0		0		0		0
Provision for loan losses		4,511		16,382		13,582		20,701

Balance at end of period	$	42,931	$	20,701	$	42,931	$	20,701