Slide 1: Smart Option Student Loan Historical Performance Data
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. Smart Option Student Loan Historical Performance Data Period ended September 30, 2024 Exhibit 99.1
Slide 2: Cautionary Note and Disclaimer Regarding Forward Looking Statements
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 2 CAUTIONARY NOTE AND DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS The following information is current as of September 30, 2024 (unless otherwise noted) and should be read in connection with the most recent pe
Slide 3: Important Information Regarding Historical Loan Performance Data
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 3 Important Information Regarding Historical Loan Performance Data TransactionDateTransactionDateTransactionDate SMB Private Education Loan Trust 2021-DAugust 2021SMB Private Education Loan Trust 2018-BJune 2018SM
Slide 4: Smart Option Serviced Portfolio: 30-59 Day Delinquencies
Confidential and proprietary information. © 2024 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 -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n
Slide 5: Smart Option Serviced Portfolio: 60-89 Day Delinquencies
Confidential and proprietary information. © 2024 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 -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n
Slide 6: Smart Option Serviced Portfolio: 90+ Day Delinquencies
Confidential and proprietary information. © 2024 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 -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n -1
Slide 7: Smart Option Serviced Portfolio: Forbearance
Confidential and proprietary information. © 2024 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 -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1
Slide 8: Smart Option Serviced Portfolio: Annualized Gross Defaults
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 8 Smart Option Serviced Portfolio: Annualized Gross Defaults Data as of September 30, 2024. (1) Loans in P&I Repayment include only those loans for which scheduled principal and interest payments were due at the e
Slide 9: Smart Option Vintage Data: Cumulative Gross Default by Loan Type
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 9 Smart Option Vintage Data: Cumulative Gross Default (3) by Loan Type 3.8% 3.2% 3.1% 3.0% 3.1% 2.7% 2.6% 2.6% 1.9% 0% 2% 4% 6% 8% 10% 12% 14% 0 1 2 3 4 5 6 7 8 C u m u la ti ve D e fa u lt s a s a % o f D is b u
Slide 10: Smart Option Vintage Data: Voluntary Prepayments
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 10 Smart Option Vintage Data: Voluntary Prepayments Data as of September 30, 2024. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for
Slide 11: Smart Option Vintage Data: Total Prepayments
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 11 Smart Option Vintage Data: Total Prepayments ► Data as of September 30, 2024. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for al
Slide 12: Cohort Default Triangles – Smart Option Combined
Confidential and proprietary information. © 2024 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. © 2024 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 September 30, 2024 for Sallie
Slide 14: Cohort Default Triangles – Smart Option Fixed Payment
Confidential and proprietary information. © 2024 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 September 30, 2024 for Sallie
Slide 15: Cohort Default Triangles – Smart Option Deferred Payment
Confidential and proprietary information. © 2024 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 September 30, 2024 for Sall
Slide 16: Additional Information
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 16 Additional Information
Slide 17: Smart Option Loan Program: Cohort Default Triangles
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 17 Smart Option Loan Program: Cohort Default Triangles o o o o o o
Slide 18: Smart Option Loan Program: Prepayment Methodology
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 18 Smart Option Loan Program: Prepayment Methodology
Slide 19: Smart Option Loan Program: Prepayment Methodology
Confidential and proprietary information. © 2024 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…