Private Education Loans (Tables)

9 Months Ended

Sep. 30, 2015

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

The following table sets forth the estimated fair value, accretable yield and expected cash flows for the PEAKS Trust Student Loans and CUSO 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				CUSO 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 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 CUSO Student Loans as of the dates indicated:

	PEAKS Trust Student Loans				CUSO 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

PEAKS Trust Student Loans [Member]

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, 2015						Three Months Ended September 30, 2014
	Total			ASC 310-30 Applied By Analogy			Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	40,202		$	24,233		$	59,929		$	36,444
Accretion		(2,036	)		(1,157	)		(2,727	)		(1,602	)
Reclassification from nonaccretable difference and changes in expected cash flows		(691	)		(605	)		(2,077	)		(830	)
Balance at end of period	$	37,475		$	22,471		$	55,125		$	34,012

	Nine Months Ended September 30, 2015						Nine Months Ended September 30, 2014
	Total			ASC 310-30 Applied By Analogy			Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	51,819		$	32,654		$	70,580		$	42,274
Accretion		(6,695	)		(3,864	)		(9,099	)		(5,302	)
Reclassification from nonaccretable difference and changes in expected cash flows		(7,649	)		(6,319	)		(6,356	)		(2,960	)
Balance at end of period	$	37,475		$	22,471		$	55,125		$	34,012

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 periods indicated:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Balance at beginning of period	$	36,921		$	38,420	$	42,353		$	29,349
Loans charged off		(8,833	)		0		(20,792	)		0
Recoveries from charged off loans		570			0		1,679			0
Provision for loan losses		(123	)		4,511		5,295			13,582
Balance at end of period	$	28,535		$	42,931	$	28,535		$	42,931

CUSO Student Loans [Member]

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 CUSO 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, 2015
	Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	13,766		$	8,215
Accretion		(782	)		(470	)
Reclassification from nonaccretable difference and changes in expected cash flows		282			(71	)
Balance at end of period	$	13,266		$	7,674

	Nine Months Ended September 30, 2015
	Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	11,728		$	5,857
Accretion		(2,152	)		(1,210	)
Reclassification from nonaccretable difference and changes in expected cash flows		3,690			3,027
Balance at end of period	$	13,266		$	7,674

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 CUSO Student Loans in the aggregate in the periods indicated:

	Three Months Ended September 30, 2015		Nine Months Ended September 30, 2015
Balance at beginning of period	$	1,178	$	2,039
Loans charged off		0		0
Recoveries from charged off loans		0		0
Provision for loan losses		877		16
Balance at end of period	$	2,055	$	2,055