Private Education Loans (Tables)

3 Months Ended

Mar. 31, 2016

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 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 March 31, 2016						Three Months Ended March 31, 2015
	Total			ASC 310-30 Applied By Analogy			Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	12,793		$	7,611		$	11,728		$	5,857
Accretion		(722	)		(432	)		(668	)		(346	)
Reclassification from nonaccretable difference and changes in expected cash flows		(425	)		(294	)		60			266

Balance at end of period	$	11,646		$	6,885		$	11,120		$	5,777

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 March 31,
	2016			2015
Balance at beginning of period	$	1,796		$	2,039
Loans charged off		0			0
Recoveries from charged off loans		0			0
Provision for loan losses		616	⁽¹⁾		441

Balance at end of period	$	2,412		$	2,480

(1)	The provision for loan losses was reduced by $221 for recoveries from CUSO Student Loans that were not recognized on our consolidated balance sheet at the time of the CUSO Consolidation.

PEAKS Trust Student Loans [Member]

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 periods indicated:


	Three Months Ended March 31, 2016						Three Months Ended March 31, 2015
	Total			ASC 310-30 Applied By Analogy			Total			ASC 310-30 Applied By Analogy
Balance at beginning of period	$	34,984		$	19,313		$	51,819		$	32,654
Accretion		(2,002	)		(1,022	)		(2,413	)		(1,431	)
Reclassification from nonaccretable difference and changes in expected cash flows		(1,330	)		(933	)		(1,508	)		(2,541	)

Balance at end of period	$	31,652		$	17,358		$	47,898		$	28,682

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 March 31,
	2016			2015
Balance at beginning of period	$	21,816		$	42,353
Loans charged off		(6,907	)		(4,061	)
Recoveries from charged off loans		730			501
Provision for loan losses		1,483			803

Balance at end of period	$	17,122		$	39,596