Slide 1: Smart Option Student Loan Historical Performance Data
| 1 SALLIE MAE Smart Option Student Loan Historical Performance Data Period ended March 31, 2016 Exhibit 99.1
Slide 2: Forward-Looking Statements and Disclaimer
| 2 Forward-Looking Statements and Disclaimer Cautionary Note Regarding Forward-Looking Statements The following information is current as of March 31, 2016 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation (the “Company”) announcing its financial re
Slide 3: Important Information Regarding Historical Loan Performance Data
| 3 Important Information Regarding Historical Loan Performance Data On April 30, 2014 (the “Spin-Off Date”), the former SLM Corporation legally separated (the “Spin-Off”) into two distinct publicly traded entities: an education loan management, servicing and asset recovery business called Navient C
Slide 4: Important Information Regarding Historical Loan Performance Data (cont.)
| 4 Important Information Regarding Historical Loan Performance Data (cont.) Types of Smart Option Student Loan Portfolio Data The portfolio data we used in this report comes from three separate sources of information: (1) Combined Smart Option Student Loan Portfolio Data for Legacy SLM, Navient and
Slide 5: Smart Option Serviced Portfolio: 31-60 Day Delinquencies
| 5 Smart Option Serviced Portfolio: 31-60 Day Delinquencies 0% 2% 4% 6% 8% 10% Dec -1 0 M a r- 1 1 J u n -1 1 S e p -1 1 Dec -1 1 M a r- 1 2 J u n -1 2 S e p -1 2 Dec -1 2 M a r- 1 3 J u n -1 3 S e p -1 3 Dec -1 3 M a r- 1 4 J u n -1 4 S e p -1 4 Dec -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 Dec -1 5 M
Slide 6: Smart Option Serviced Portfolio: 61-90 Day Delinquencies
| 6 Smart Option Serviced Portfolio: 61-90 Day Delinquencies 0% 2% 4% 6% 8% 10% Dec -1 0 M a r- 1 1 J u n -1 1 S e p -1 1 Dec -1 1 M a r- 1 2 J u n -1 2 S e p -1 2 Dec -1 2 M a r- 1 3 J u n -1 3 S e p -1 3 Dec -1 3 M a r- 1 4 J u n -1 4 S e p -1 4 Dec -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 Dec -1 5 M
Slide 7: Smart Option Serviced Portfolio: 91+ Day Delinquencies
| 7 Smart Option Serviced Portfolio: 91+ Day Delinquencies 0% 2% 4% 6% 8% 10% Dec -1 0 M a r- 1 1 J u n -1 1 S e p -1 1 Dec -1 1 M a r- 1 2 J u n -1 2 S e p -1 2 Dec -1 2 M a r- 1 3 J u n -1 3 S e p -1 3 Dec -1 3 M a r- 1 4 J u n -1 4 S e p -1 4 Dec -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 Dec -1 5 M a
Slide 8: Smart Option Serviced Portfolio: Forbearance
| 8 Smart Option Serviced Portfolio: Forbearance Data as of March 31, 2016. (1) Loans in P&I Repayment include only those loans for which scheduled principal and interest payments are due. (2) On June 1, 2015 the FDIC published FIL-23-2015, which encouraged lenders to work constructively with borrow
Slide 9: Smart Option Serviced Portfolio: Annualized Gross Defaults
| 9 Smart Option Serviced Portfolio: Annualized Gross Defaults 0% 2% 4% 6% 8% 10% Dec -1 0 M a r- 1 1 J u n -1 1 S e p -1 1 Dec -1 1 M a r- 1 2 J u n -1 2 S e p -1 2 Dec -1 2 M a r- 1 3 J u n -1 3 S e p -1 3 Dec -1 3 M a r- 1 4 J u n -1 4 S e p -1 4 Dec -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 Dec -1 5
Slide 10: Smart Option Vintage Data: Cumulative Gross Default by Loan Type
| 10 Smart Option Vintage Data: Cumulative Gross Default by Loan Type 6.2% 2.2% 5.3% 3.9% 3.0% 0.4% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0 1 2 3 4 5 6 7 8 9 10 11 C u m u la ti v e De fa u lt Ra te a s a % o f O ri g in a l Ba la n c e Quarters in P&I Repayment Smart Option Student Loans - Serviced Por
Slide 11: Smart Option Vintage Data: Voluntary Prepayments
| 11 Smart Option Vintage Data: Voluntary Prepayments 0% 2% 4% 6% 8% 10% 12% 14% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 % C P R Quarters Since Disbursement Smart Option Student Loans - Serviced Portfolio Voluntary CPR by Disbursement Vintage (1) Interest Only, Fixed Payment and Deferred Products
Slide 12: Smart Option Vintage Data: Total Prepayments
| 12 Data as of March 31, 2016. (1) Data for all loans from initial disbursement, whether or not scheduled payments are due. Total CPR includes voluntary prepayments as well as defaults. (2) Loans in a particular annual Disbursement Vintage are disbursed at different times during the Disbursement Vi
Slide 13: Smart Option: Cumulative Recoveries
| 13 Smart Option: Cumulative Recoveries Data as of March 31, 2016. (1) Certain data used in the charts above was provided by Navient under a data sharing agreement. Sallie Mae Bank has not independently verified, and is not able to verify, the accuracy or completeness of the data provided under the
Slide 14: Terms and calculations used in the cohort default triangles
| 14 Terms and calculations used in the cohort default triangles are defined below: P&I Repayment – A loan is considered to be in P&I Repayment any time the borrower is required to make full principal and interest payments on the loan. P&I Repayment Vintage – The calendar year during which loans
Slide 15: Cohort Default Triangles – Smart Option Combined
| 15 Cohort Default Triangles – Smart Option Combined (Interest Only, Fixed & Deferred) Smart Option Combined (P&I Repayment Status - No Co-Signer) Smart Option Combined (P&I Repayment Status - Co-Signer) Smart Option Combined (P&I Repayment Status - Total) 0 1 2 3 4 5 6 Total 2010 $430 1.1% 1.3% 1.
Slide 16: Cohort Default Triangles – Smart Option Interest Only
| 16 Cohort Default Triangles – Smart Option Interest Only Smart Option IO (P&I Repayment Status - No Co-Signer) Smart Option IO (P&I Repayment Status - Co-Signer) Smart Option IO (P&I Repayment Status - Total) 0 1 2 3 4 5 6 Total 2010 $428 1.1% 1.3% 1.2% 1.0% 0.9% 0.5% 0.1% 6.2% 2011 $773 0.9% 1.1%
Slide 17: Cohort Default Triangles – Smart Option Fixed Payment
| 17 Cohort Default Triangles – Smart Option Fixed Payment Smart Option Fixed Payment (P&I Repayment Status – No Co-Signer) Smart Option Fixed Payment (P&I Repayment Status - Co-Signer) Smart Option Fixed Payment (P&I Repayment Status - Total) 0 1 2 3 4 5 Total 2011 $223 0.3% 1.3% 1.5% 1.4% 1.4% 0.3
Slide 18: Cohort Default Triangles – Smart Option Deferred Payment
| 18 Cohort Default Triangles – Smart Option Deferred Payment Smart Option Deferred (P&I Repayment Status – No Co-Signer) Smart Option Deferred (P&I Repayment Status - Co-Signer) Smart Option Deferred (P&I Repayment Status - Total) 0 1 2 3 4 Total 2012 $251 0.1% 1.4% 1.4% 1.6% 0.3% 4.8% 2013 $636 0.