PEAKS Trust Student Loans (Tables)

6 Months Ended

Jun. 30, 2014

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

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


	As of February 28, 2013
	Total		ASC 310-30 Applied By Analogy
Estimated fair value	$	112,116	$	60,177
Accretable yield	$	100,953	$	58,843
Expected cash flows	$	213,069	$	119,020

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 June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Balance at beginning of period	$	29,349	$	0	$	29,349	$	0
Loans charged off		0		0		0		0
Recoveries from charged off loans		0		0		0		0
Provision for loan losses		9,071		4,319		9,071		4,319

Balance at end of period	$	38,420	$	4,319	$	38,420	$	4,319

Schedule of Information Regarding Aggregate Changes in Accretable Yield

The following table sets 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 period indicated:


	Three Months Ended June 30, 2014						Three Months Ended June 30, 2013
	Total			ASC 310-30 Applied By Analogy			Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	73,351		$	44,624		$	99,593		$	58,111
Accretion		(3,239	)		(1,897	)		(4,104	)		(2,216	)
Reclassification from nonaccretable difference and changes in expected cash flows		(10,183	)		(6,283	)		3,986			4,638

Balance at end of period	$	59,929		$	36,444		$	99,475		$	60,533


	Six Months Ended June 30, 2014						Six Months Ended June 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 Consolidation		0			0			100,953			58,843
Accretion		(6,372	)		(3,700	)		(5,464	)		(2,948	)
Reclassification from nonaccretable difference and changes in expected cash flows		(4,279	)		(2,130	)		3,986			4,638

Balance at end of period	$	59,929		$	36,444		$	99,475		$	60,533