Note Rate for current Accrual Period. Outstanding Amount as of 12/30/2013

Transcription

1 Exhibit 99.1 Collegiate Funding Services Education Loan Trust 2004A Quarterly Servicing Report Beginning Collection Period December 1, 2013 Ending Collection Period February 28, 2014 Beginning Interest Accrual Period (LIBOR Notes) December 30, 2013 Ending Interest Accrual Period (LIBOR Notes) March 27, 2014 Record Date March 27, 2014 Quarterly Distribution Date March 28, 2014 I. Asset and Liability Summary A. Trust Student Loan Portfolio 11/30/2013 Change 2/28/2014 i Trust Student Loan Principal Balance $ 453,639, $ (12,238,264.12) $ 441,401, ii Accrued Interest to be Capitalized $ 2,075, $ (60,257.22) $ 2,014, iii Addon Consolidation Loan fund $ $ $ iv Pool Balance (i + ii + iii) $ 455,714, $ (12,298,521.34) $ 443,416, v Reserve fund Requirement $ 3,417, $ (92,238.91) $ 3,325, vi Adjusted Pool Balance (iv + v) $ 459,132, $ (12,390,760.25) $ 446,741, B. i Weighted Average Coupon 3.88% 0.01% 3.89% ii Weighted Average Remaining Term (months) (1.64) iii Number of Trust Student Loans 30,374 (515) 29,859 iv Number of Borrowers 17,402 (313) 17,089 v Pool Factor 0.41 (0.01) 0.40 C. Notes CUSIP Spread over 3M LIBOR* Note Rate for current Accrual Period as of 12/30/2013 % of as of 3/28/2014 % of i Class A1 Notes 19458LAS9 n/a n/a $ $ ii Class A2 Notes 19458LAT7 n/a $ $ iii Class A3 Notes 19458LAU4 0.21% % $ 148,314, % $ 136,016, % iv Class A4 Notes 19458LAV2 0.34% % $ 140,000, % $ 140,000, % v Class A5 Notes 19458LAW0 ARS n/a $ $ vi Class A5 Subject Notes** 19458LAW0 NA 0.000% $ 55,850, % $ 55,850, % vii Class A6 Notes 19458LAX8 ARS n/a $ $ viii Class A6 Subject Notes** 19458LAX8 NA 0.000% $ 55,850, % $ 55,850, % ix Class B Notes 19458LAY6 ARS n/a $ $ x Class B Subject Notes** 19458LAY6 NA 0.000% $ 55,700, % $ 55,700, % xi Total Notes $ 455,714, $ 443,416, D. Reserve Fund 11/30/2013 2/28/2014 i Reserve Fund Balance $ 3,507, $ 3,417, ii Reserve Fund Requirement $ 3,417, $ 3,325, E. Other Funds and Accounts 11/30/2013 2/28/2014 i Addon Consolidation Loan Fund Balance $ $ ii Capitalized Interest Account Balance $ $ iii. Collection Fund Balance $ 15,693, $ 15,838, F. Total Fund Balances (D.i +E.i + E.ii+ E.iii) $ 19,200, $ 19,256, * Only for Class A1, A2, A3 and A4 Notes. Interest on each of Class A5, A6 and B Notes is based on a spread determined periodically at an auction over 1month LIBOR. ** The Subject Notes are the Notes beneficially owned by JPMorgan Chase Bank, National Association on or after May 21, Page 1 of 7

2 II. Transactions and Accruals during the Collection Period 12/01/2013 2/28/2014 Trust 2004A A. Trust Student Loan Cash Principal Activity i Borrower Payments $ (8,674,564.32) ii Claim Payments $ (4,473,944.70) iii Other Adjustments (Special Direct Consolidation Loan Program) $ iv Addon Consolidation Loans $ v Total Principal Collections $ (13,148,509.02) B. Trust Student Loan NonCash Principal Activity i Capitalized Interest $ 975, ii Other Adjustments $ (65,196.23) iii Total NonCash Principal Activity $ 910, C. Total Trust Student Loan Principal Activity (A.v + B.iii) $ (12,238,264.12) D. Trust Student Interest to be capitalized activity i Capitalized Interest $ (975,441.13) ii Additional accrued interest to be capitalized $ 915, iii Total Interest to be Capitalized Activity $ (60,257.22) E. NonReimbursable Losses During Collection Period $ 79, F. Cumulative NonReimbursable Losses to Date $ 2,529, Page 2 of 7

3 III. Collection Fund Activities for the Collection Period 12/01/2013 2/28/2014 Trust 2004A A. Total Amount in Collection Fund as of 11/30/ ,693, B. C. D. Principal Collections i Principal Payments Received Cash Payments 8,735, ii Principal Payments Received Loans Paid in Full $ 4,473, iii Principal Payments Received Purchase/Repurchase or Reimbursement by Seller/Depositor/Servicer iv Liquidation Proceeds and Recoveries $ v Total Principal Collections $13,209, Interest Collections i Interest Payments Received Cash Payments 3,027, ii Interest Payments Received Loans Paid in Full $ 224, iii Interest Payments Received Interest Subsidy Payments and Special Allowance Payments $ 244, iv Interest Payments Received Purchase/Repurchase or Reimbursement by Seller/Depositor/Servicer v Late Fee Activity 58, vi Total Interest Collections $3,554, Other Funds Transferred into Collection Fund i Transfer from Capitalized Interest Account $ ii Transfer from Reserve Fund $ 89, iii Transfer from Addon Consolidation Loan Fund $ iv Total Other Funds Transferred into Collection Fund $ 89, E. Investment Earnings $ F. Funds Previously Remitted i Payments to the Department of Education $ 1,191, ii Servicing Fees $ 202, iii Administration Fees $ 170, iv Broker Dealer/Auction Agent Fees v Interest PaymentsAuction Rate Notes & LIBOR Notes $ 393, vi Principal PaymentsLIBOR Notes $ 11,895, vii Trustee Fees $ 8, viii. Amount to Sponsor $ 2,845, ix. Total Previously Remitted Funds $ 16,708, G. Total Amount in Collection Fund (A + B.v + C.vi + D.iv + E F.ix) as of 2/28/2014 $ 15,838, Page 3 of 7

4 IV. Waterfall for Distributions Trust 2004A Remaining Funds Balance A. Total Amount in Collection Fund as of 2/28/2014: $ 15,838, Reserve Fund Excess: $ 92, $ 15,930, B. First Payments to the Dept of Ed and Guarantee Fees $ 390, $ 15,540, C. Second Fees (to be paid on the current Quarterly Distribution Date) Master Servicer, Indenture Trustee, Auction Agent, Broker Dealer and Delaware Trustee Master Servicing Fee $ 67, Indenture Trustee $ 8, Auction Agent $ Broker Dealer $ Delaware Trustee $ $ 15,464, D. Third Administration Fee (to be paid on the current Quarterly Distribution Date) 166, $ 15,298, E. Fourth Class A Noteholders' Interest Distribution Amount i Class A1 Notes $ ii Class A2 Notes $ iii Class A3 Notes $ 165, iv Class A4 Notes $ 200, v Class A5 Notes $ vi Class A5 Subject Notes $ vii Class A6 Notes $ viii Class A6 Subject Notes $ Total Class A Noteholders' Interest Distribution Amount $ 366, $ 14,931, F. Fifth Class B Noteholders' Interest Distribution Amount i Class B Notes $ ii Class B Subject Notes $ Total Class B Noteholders' Interest Distribution Amount $ $ 14,931, G. Sixth Class A Noteholders' Principal Distribution Amount i Class A1 Notes $ ii Class A2 Notes $ iii Class A3 Notes $ 12,298, iv Class A4 Notes $ v Class A5 Notes (including Class A5 Subject Notes) $ vi Class A6 Notes (including Class A6 Subject Notes) Total Class A Noteholders' Principal Distribution Amount $ 12,298, $ 2,633, H. Seventh Class B Noteholders' Principal Distribution Amount (including Class B Subject Notes) $ $ 2,633, I. Eighth Deposit to Reserve Fund, if any $ $ 2,633, J. Ninth Unpaid Auction Rate CarryOver Amount, if any $ $ 2,633, i Class A5 Notes $ ii Class A6 Notes $ K. Tenth Unpaid Auction Rate CarryOver Amount, if any $ $ 2,633, i Class B Notes $ L. Eleventh Carryover Servicing Fee, if any $ $ M. Twelfth Accelerated Payment of Principal $ $ N. Thirteenth Remaining amounts to the Sponsor $ 2,633, $ By: Collegiate Portfolio Administration, LLC Kelly Alexander Assistant Treasurer Page 4 of 7

5 V. Collegiate Funding Services Education Loan Trust 2004A Pool Characteristics Status Weighted Average Coupon Number of Loans % Principal Amount % 11/30/13 2/28/ /30/2013 2/28/ /30/2013 2/28/ /30/2013 2/28/ /30/2013 2/28/2014 A. Borrower Distribution: Deferment Unsubsidized Loans 4.24% 4.41% % 2.80% 14,349, ,755, % 3.34% Subsidized Loans 4.18% 4.29% % 3.07% 15,254, ,719, % 3.33% Forbearance Unsubsidized Loans 4.60% % 1.94% 13,643, ,541, % 3.29% Subsidized Loans 4.43% 4.28% % 1.92% 11,456, ,436, % 2.59% Repayment Current 3.67% 3.69% 24,577 24, % 81.52% 341,499, ,253, % 76.18% 3160 Days Delinquent 4.64% 4.44% % 2.63% 16,315, ,578, % 3.30% 6190 Days Delinquent 4.93% 4.63% % 1.54% 9,162, ,912, % 2.02% Days Delinquent 4.44% 4.79% % 0.84% 4,881, ,283, % 0.97% Days Delinquent 4.74% 4.88% % 0.67% 4,546, ,033, % 0.91% Days Delinquent 4.70% 5.08% % 0.52% 3,613, ,360, % 0.76% Days Delinquent 4.38% 4.37% % 0.48% 3,793, ,012, % 0.68% Days Delinquent 5.09% 4.54% % 0.47% 3,156, ,667, % 0.60% Days Delinquent 4.28% 4.49% % 0.24% 2,067, ,517, % 0.34% Claims in Process Claims Pending 4.57% 4.75% % 0.86% 5,800, ,266, % 0.97% Claims Filed 4.94% 4.49% % 0.50% 4,141, ,061, % 0.69% Claims Rejected B. Grand Total 3.88% 3.89% 30,374 29, % 100% 453,681, ,401, % 100% Page 5 of 7

6 VI. Distributions Trust 2004A A. Note Interest Shortfall and Carryover Combined Class A1 Class A2 Class A3 Class A4 Class A5 Class A6 Class B i Note Interest Shortfall $ $ $ $ $ $ $ $ ii Note Interest Carryover $ $ $ $ $ $ $ $ B. Principal Distribution Amount Reconciliation i Adjusted Pool Balance at the end of the Collection Period $ 446,741, ii of Notes at the end of the Collection Period $ 455,714, iii Principal Distribution Amount (ii i/100.75%) $ 12,298, iv Principal Distribution Amount paid $ 12,298, v Principal Distribution Amount Shortfall (iii iv) $ C. Parity Calculations i Adjusted Pool Balance at the end of the Collection Period $ 446,741, ii of Notes on Quarterly Distribution Date $ 443,416, iii Parity Ratio (i/ii) % D. Reserve Fund Reconciliation i Fund Balance at the beginning of the Collection Period $ 3,507, ii Deposit to/(withdrawal from) Reserve Fund During the Collection Period $ (89,219.89) iii Fund Balance at the end of the Collection Period $ 3,417, iv Reserve Account Requirement for the Quarterly Distribution Date $ 3,325, v Deposit to/(withdrawal from) Reserve Fund on Quarterly Distribution Date $ (92,238.91) vi Ending Fund Balance on Quarterly Distribution Date $ 3,325, E. Capitalized Interest Account Reconciliation i Account Balance at the beginning of the Collection Period $ ii Amount transferred to Collection Fund During the Collection Period $ iii Account Balance at the end of the Collection Period $ F. Addon Consolidation Loan Fund Reconciliation i Fund Balance at the beginning of the Collection Period $ ii Addon Consolidation Loans purchased $ iii Amount transferred to Collection Fund During the Collection Period $ iv Fund Balance at the end of the Collection Period $ G. of Notes and Pool Factors 12/30/2013 Paydown Factors 3/28/2014 i of Class A1 Notes $ $ Class A1 Note Pool Factor ii of Class A2 Notes $ $ Class A2 Note Pool Factor iii of Class A3 Notes $ 148,314, $ 136,016, Class A3 Note Pool Factor iv of Class A4 Notes $ 140,000, $ 140,000, Class A4 Note Pool Factor v of Class A5 Notes (including Class A5 Subject Notes) $ 55,850, $ 55,850, Class A5 Note Pool Factor (including Class A5 Subject Notes) vi of Class A6 Notes (including Class A6 Subject Notes) $ 55,850, $ 55,850, Class A6 Note Pool Factor (including Class A6 Subject Notes) vii of Class B Notes (including Class B Subject Notes) $ 55,700, $ 55,700, Class B Note Pool Factor (including Class B Subject Notes) Page 6 of 7

7 VII. Payment History and CPRs Trust 2004A Collection Period End Actual Ending Trust Student Loan Principal Balance Cumulative CPR 8/31/2008 $ 722,384, % 11/30/2008 $ 710,562, % 2/28/2009 $ 699,529, % 5/31/2009 $ 686,986, % 8/31/2009 $ 674,330, % 11/30/2009 $ 661,593, % 2/28/2010 $ 648,961, % 5/31/2010 $ 636,462, % 8/31/2010 $ 636,462, % 11/30/2010 $ 831,768, % 2/28/2011 $ 599,811, % 5/31/2011 $ 589,477, % 8/31/2011 $ 576,484, % 11/30/2011 $ 564,348, % 2/29/2012 $ 552,976, % 5/31/2012 $ 538,595, % 8/31/2012 $ 520,826, % 11/30/2012 $ 506,750, % 2/28/2013 $ 493,652, % 5/31/2013 $ 479,686, % 8/31/2013 $ 465,516, /30/2013 $ 453,639, /2/2014 $ 441,401, Current period A. Expected Trust Student Loan Principal Balance (assume no prepays) $ 703,051, B. Actual Trust Student Loan Principal Balance $ 441,401, C. Ratio (B/A) 62.78% D. Cumulative CPR Page 7 of 7