Slide 1: Smart Option Student Loan Historical Performance Data
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. Period ended December 31, 2023 Smart Option Student Loan Historical Performance Data Exhibit 99.1
Slide 2: Forward-Looking Statements and Disclaimer
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 2 Forward-Looking Statements and Disclaimer Cautionary Note Regarding Forward‐Looking Statements The following information is current as of December 31, 2023 (unless otherwise noted) and should be read in connecti
Slide 3: Important Information Regarding Historical Loan Performance Data
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 3 Important Information Regarding Historical Loan Performance Data Securitization and Sales. In August 2014, Sallie Mae Bank sponsored its first private education loan ABS, SMB Private Education Loan Trust 2014-A
Slide 4: Smart Option Serviced Portfolio: 30-59 Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 4 Smart Option Serviced Portfolio: 30-59 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n- 15 Se p- 15 D ec -1 5 M ar -1 6 Ju n- 16 Se p- 16 D ec -1 6 M ar -1 7 Ju n- 17 Se p- 17 D ec -1 7 M ar -1 8 Ju n- 18 Se
Slide 5: Smart Option Serviced Portfolio: 60-89 Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 5 Smart Option Serviced Portfolio: 60-89 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n- 15 Se p- 15 D ec -1 5 M ar -1 6 Ju n- 16 Se p- 16 D ec -1 6 M ar -1 7 Ju n- 17 Se p- 17 D ec -1 7 M ar -1 8 Ju n- 18 Se
Slide 6: Smart Option Serviced Portfolio: 90+ Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 6 Smart Option Serviced Portfolio: 90+ Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n- 15 Se p- 15 D ec -1 5 M ar -1 6 Ju n- 16 Se p- 16 D ec -1 6 M ar -1 7 Ju n- 17 Se p- 17 D ec -1 7 M ar -1 8 Ju n- 18 Se p
Slide 7: Smart Option Serviced Portfolio: Forbearance
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 7 Smart Option Serviced Portfolio: Forbearance 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% M ar -1 5 Ju n- 15 Se p- 15 D ec -1 5 M ar -1 6 Ju n- 16 Se p- 16 D ec -1 6 M ar -1 7 Ju n- 17 Se p- 17 D ec -1 7 M ar -1 8 Ju n
Slide 8: Delinquency and Forbearance Footnotes
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 8 Data as of December 31, 2023. (1) Loans in P&I Repayment include only those loans for which scheduled principal and interest payments were due at the end of the applicable monthly reporting period. (2) P&I Repay
Slide 9: Smart Option Vintage Data: Cumulative Gross Default by Loan Type
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 9 Smart Option Vintage Data: Cumulative Gross Default (3) by Loan Type 3.7% 3.1%2.9%2.7% 2.8% 2.4% 2.2% 2.0% 1.0% 0% 2% 4% 6% 8% 10% 12% 14% 0 1 2 3 4 5 6 7 8 C um ul at iv e D ef au lts a s a % o f D is bu rs ed
Slide 10: Smart Option Vintage Data: Voluntary Prepayments
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 10 Smart Option Vintage Data: Voluntary Prepayments Data as of December 31, 2023. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for a
Slide 11: Smart Option Vintage Data: Total Prepayments
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 11 Smart Option Vintage Data: Total Prepayments ► Following the initial few years after disbursement, total prepayments begin to rise more quickly as loans begin to default. Data as of December 31, 2023. (1) Pleas
Slide 12: Cohort Default Triangles – Smart Option Combined
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 12 Cohort Default Triangles – Smart Option Combined (Interest Only, Fixed Payment & Deferred) (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data
Slide 13: Cohort Default Triangles – Smart Option Interest Only
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 13 Cohort Default Triangles – Smart Option Interest Only (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of December 31, 2023 for Sallie M
Slide 14: Cohort Default Triangles – Smart Option Fixed Payment
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 14 Cohort Default Triangles – Smart Option Fixed Payment (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of December 31, 2023 for Sallie M
Slide 15: Cohort Default Triangles – Smart Option Deferred Payment
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 15 Cohort Default Triangles – Smart Option Deferred Payment (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of December 31, 2023 for Salli
Slide 16: Additional Information
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 16 Additional Information
Slide 17: Smart Option Loan Program Cohort Default Triangles
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 17 Smart Option Loan Program Cohort Default Triangles Terms and calculations used in the cohort default triangles are defined below: First P&I Repayment Period – The first month during which a borrower is requir
Slide 18: Smart Option Loan Program: Prepayment Methodology
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 18 Smart Option Loan Program: Prepayment Methodology Impact is negative–Impact is positive+Legend The Constant Prepayment Rate (CPR) represents an annualized rate of prepayment speed measuring the reduction in the
Slide 19: Smart Option Loan Program: Prepayment Methodology
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 19 Smart Option Loan Program: Prepayment Methodology 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 𝑃𝑀𝑇 𝑆𝑃 𝑆𝑀𝑀 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 𝐸𝑋𝑃⁄ 𝑆𝑅 1 𝑆𝑀𝑀 𝐶𝑃𝑅 1 𝑆𝑅 𝑤ℎ𝑒𝑟𝑒: 𝑛 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 𝑡 𝑚𝑜𝑛𝑡ℎ 𝑜𝑓 𝑞𝑢𝑎𝑟𝑡𝑒𝑟…