v Specified Reserve Account Balance $ 525, vi Capitalized Interest Account Balance $ - vii Total Adjusted Pool $ 96,630,062.

Transcription

1 I. SLC TRUST 2010B Prime Class A1 Deal Parameters Student Portfolio Characteristics 5/31/2017 Activity 6/30/2017 A i Portfolio Balance $ 94,218, $ 1,218, $ 93,000, ii Interest and fees to be Capitalized $ 1,886, $ 1,722, iii Defaulted Loan balance $ $ iv Total Pool Balance $ 96,105, $ 94,722, v Specified Reserve Account Balance $ 525, $ 525, vi Capitalized Interest Account Balance $ $ vii Total Adjusted Pool $ 96,630, $ 95,247, B i Pool Balance as a Percent of Initial Pool Balance 46.76% 46.08% ii Weighted Average Coupon (WAC) 7.945% 7.944% iii Weighted Average Remaining Term iv Number of Loans 9,006 8,894 v Number of Borrowers 8,610 8,505 vi Average Outstanding Principal Balance $94,934, $93,609, Balance Pool Factor Balance Pool Factor Notes CUSIP Spread 6/15/2017 6/15/2017 7/17/2017 7/17/2017 C i A1 Notes 78444VAA % $ 17,554, $ 9,577, Total Notes $ 17,554, $ 9,577, Total Adjusted Pool Balance/Total Notes Outstanding % % Reserve Account 6/15/2017 Activity 7/17/2017 D i Required Reserve Acc Deposit (%) 0.25% 0.25% ii Reserve Acct Initial Deposit ($) $ 525, $ $ 525, iii Specified Reserve Acct Balance ($) $ 525, $ $ 525, iv Current Reserve Acct Balance ($) $ 525, $ $ 525, Capitalized Interest Account 6/15/2017 Activity 7/17/2017 E i Capitalized Interest Account Balance $ $ $ Overcollateralization Amount 6/15/2017 Activity 7/17/2017 F i Specified Overcollateralization Amount $ 57,978, $ (829,357.36) $ 57,148, ii Overcollateralization Amount $ 79,075, $ 6,595, $ 85,670, iii Overcollateralization (%) 81.83% 89.95% Page 1 Page 1 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

2 II. SLC TRUST 2010B Prime Class A1 Distributions Interest Monthly Monthly Interest Interest Class CUSIP Interest Interest Interest Carryover Carryover Interest Interest Rate Next Due Paid Shortfall Due Paid Carryover Factor Rate A VAA9 $ 78, $ 78, $ $ $ $ % % Distributions from the Principal Distribution Account Principal CUR PRIME % Monthly NEXT PRIME % Class CUSIP Principal Principal Principal Distribution Amt Distribution Paid Factor A VAA9 $ $ 7,977, Page 2 Page 2 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

3 III. SLC TRUST 2010B Prime Class A1 Transactions from: 06/01/2017 through 06/30/2017 A B Student Loan Principal Activity i Principal Collections $ 1,257, ii Principal Reimbursements $ iii Other System Adjustments $ iv Purchased Student Loan Principal $ v Total Principal Collections $ 1,257, Student Loan NonCash Principal Activity i Charged Off Loans $ 178, ii Other Adjustments $ 59, iii Capitalized Interest $ (276,944.84) iv Total NonCash Principal Activity $ (39,542.90) C Total Student Loan Principal Activity $ 1,218, D E Student Loan Interest Activity i Regular Interest Collections $ 569, ii Collection Fees / Returned Items $ iii Late Fee Reimbursements $ iv Interest Reimbursements $ v Other System Adjustments $ vi Purchased Student Loan Interest $ vii Total Interest Collections $ 569, Student Loan NonCash Interest Activity i Charged Off Loans $ 9, ii Interest Accrual Adjustments $ (667,126.54) iii Capitalized Interest $ 276, iv Total NonCash Interest Adjustments $ (380,611.32) F Total Student Loan Interest Activity $ 188, Page 3 Page 3 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

4 IV. SLC TRUST 2010B Prime Class A1 Collection Account Activity 06/01/2017 through 06/30/2017 A B Principal Collections i Principal Payments Received $ 1,248, ii Consolidation Principal Payments $ 9, iii Reimbursement by Seller $ iv Reimbursement by Servicer and Cancellations $ v Purchased Student Loan Principal $ vi Total Principal Collections $ 1,257, Interest Collections i Interest Payments Received $ 568, ii Consolidation Interest Payments $ iii Reimbursements by Seller $ iv Borrower Benefits Reimbursements $ v Reimbursements by Servicer $ vi Purchased Interest $ vii Collection Fees / Returned Items $ viii Late Fees $ ix Total Interest Collections $ 569, C Recoveries on Defaulted Loans $ 55, D Reserves in Excess of Reserve Requirement $ E Trust Account Investment Income $ 1, F Capitalized Interest Account Balance to be Released $ G Other Proceeds Received $ TOTAL FUNDS RECEIVED $ 1,884, H TOTAL AVAILABLE FUNDS $ 1,884, I Servicing Fees Due for Current Period $ 54, J Carryover Servicing Fees Due $ K Total Fees Due for Period $ 54, Page 4 Page 4 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

5 V. SLC TRUST 2010B Prime Class A1 Waterfall for Distributions A Available Funds Class A1 $ 1,884, Available Funds Class A2 $ 6,228, B Total Available Funds $ 8,112, C Trustee Fees $ D Administration Fee $ 1, E Primary Servicing Fees $ 54, F Interest Distribution Amount $ 78, G Principal Distribution Amount $ H Increase to the Specified Reserve Account Balance $ I Carryover Servicing Fees $ J Additional Trustee Fees $ K Principal Distribution (any remaining amounts until 0) $ 7,977, L Class A2 Collection Account (any remaining amounts) $ M Excess Distribution Release to Trust Certificate Holders $ $ Page 5 Page 5 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

6 VI. SLC TRUST 2010B Prime Class A1 03/01/1703/31/17 04/01/1704/30/17 05/01/1705/31/17 06/01/1706/30/17 Student Loan Interest Activity i Regular Interest Collections $ 564, $ 534, $ 570, $ 569, ii Collection Fees / Returned Items $ $ $ $ iii Late Fee Reimbursements $ $ $ $ iv Interest Reimbursements $ $ $ $ v Other System Adjustments $ $ $ $ vi Purchased Student Loan Interest $ 5.85 $ $ $ vii Total Interest Collections $ 564, $ 535, $ 570, $ 569, Student Loan NonCash Interest Activity i Charged off loans $ 6, $ 3, $ 3, $ 9, ii Interest Accrual Adjustments $ (651,436.30) $ (648,851.30) $ (692,528.04) $ (667,126.54) iii Capitalized Interest $ 72, $ 64, $ 219, $ 276, iv Total NonCash Interest Adjustments $ (572,132.71) $ (580,796.85) $ (469,508.60) $ (380,611.32) Total Student Loan Interest Activity $ (7,497.64) $ (45,322.48) $ 101, $ 188, Beginning Student Loan Portfolio Balance $ 98,881, $ 97,213, $ 95,649, $ 94,218, Student Loan Principal Activity i Principal Collections $ 1,578, $ 1,398, $ 1,456, $ 1,257, ii Principal reimbursements $ $ $ $ iii Other System Adjustments $ $ $ $ iv Purchased Student Loan Principal $ 1, $ 130, $ $ v Total Principal Collections $ 1,580, $ 1,528, $ 1,456, $ 1,257, Student Loan NonCash Principal Activity i Charged off loans $ 145, $ 74, $ 136, $ 178, ii Other Adjustments $ 15, $ 24, $ 57, $ 59, iii Capitalized Interest $ (72,933.48) $ (64,542.33) $ (219,741.67) $ (276,944.84) iv Total NonCash Principal Activity $ 88, $ 34, $ (25,467.82) $ (39,542.90) () Total Student Loan Principal Activity $ 1,668, $ 1,563, $ 1,431, $ 1,218, (=) Ending Student Loan Portfolio Balance $ 97,213, $ 95,649, $ 94,218, $ 93,000, (+) Interest to be Capitalized $ 1,952, $ 1,987, $ 1,886, $ 1,722, () Defaulted Loan balance $ (6,784.63) $ (40,382.53) $ $ (=) TOTAL POOL $ 99,158, $ 97,596, $ 96,105, $ 94,722, (+) Reserve Account Balance $ 525, $ 525, $ 525, $ 525, (+) Capitalized Interest Account Balance $ $ $ $ (=) Total Adjusted Pool $ 99,683, $ 98,121, $ 96,630, $ 95,247, Page 6 Page 6 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

7 VII. SLC TRUST 2010B Prime Class A1 Portfolio Characteristics Weighted Avg Coupon # of Loans % Pool Balance % STATUS 5/31/2017 6/30/2017 5/31/2017 6/30/2017 5/31/2017 6/30/2017 5/31/2017 6/30/2017 5/31/2017 6/30/2017 REPAYMENT Current 7.737% 7.726% 7,735 7, % % $78,922, $78,564, % % 130 Days Delinquent 8.970% 9.101% % 5.060% $4,948, $4,867, % 5.139% 3160 Days Delinquent 9.157% 9.000% % 1.102% $1,300, $1,164, % 1.230% 6190 Days Delinquent 9.513% 9.260% % 0.630% $636, $651, % 0.688% Days Delinquent 9.350% 9.433% % 0.573% $719, $693, % 0.733% TOTAL REPAYMENT 7.855% 7.847% 8,414 8, % % $86,526, $85,942, % % INTERIM In school 9.525% 9.589% % 0.630% $1,098, $1,045, % 1.104% Grace 9.429% 9.609% % 0.326% $595, $422, % 0.446% Deferment 8.598% 8.761% % 4.722% $7,245, $6,430, % 6.789% Forbearance 8.593% 8.703% % 0.641% $637, $881, % 0.931% GRAND TOTAL 7.945% 7.944% 9,006 8, % % $96,105, $94,722, % % Defaulted Loans 0.000% 0.000% VIII. SLC TRUST 2010B Prime Class Payment History and CPRs Distribution Total Date Pool Balances 17Apr $ 99,158, May $ 97,596, Jun $ 96,105, Jul $ 94,722, Current Life CPR CPR 15.20% 9.27% 14.28% 9.33% 13.75% 9.38% 12.77% 9.42% Page 7 Page 7 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

8 IX. SLC TRUST 2010B Prime Class A1 Portfolio Characteristics (cont.) Remaining Terms Payment Status Accrued Interest to Weighted Average Remaining Term (months) be Capitalized In School Grace Deferment Forbearance Repayment In School $ 422, Grace $ 169, Deferment $ 1,067, Forbearance $ 64, Repayment N/A In School Term Distribution Weighted Avg Remaining Term Percentage Remaining Term (months) % % % % % % 0 Student Loan Interest Rate Index and Weighted Average Margin Index Percent of Pool WA Margin Prime 100% 4.11% LIBOR 0% N/A TBill 0% N/A Fixed Rate 0% N/A Page 8 Page 8 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

9 I. SLC TRUST 2010B Libor Class A2 Deal Parameters Student Portfolio Characteristics 5/31/2017 Activity 6/30/2017 A i Portfolio Balance $ 249,871, $ 3,758, $ 246,112, ii Interest and fees to be Capitalized $ 7,415, $ 6,647, iii Defaulted Loan balance $ (30,446.41) $ (108,762.30) iv Total Pool Balance $ 257,257, $ 252,651, v Specified Reserve Account Balance $ $ vi Capitalized Interest Account Balance $ $ vii Total Adjusted Pool $ 257,257, $ 252,651, B i Pool Balance as a Percent of Initial Pool Balance 52.84% 51.90% ii Weighted Average Coupon (WAC) % % iii Weighted Average Remaining Term iv Number of Loans 20,923 20,586 v Number of Borrowers 19,901 19,582 vi Average Outstanding Principal Balance $251,690, $247,992, Balance Pool Factor Balance Pool Factor Notes CUSIP Spread 6/15/2017 6/15/2017 7/17/2017 7/17/2017 C i A2 Notes 78444VAB % $ $ Total Notes $ $ Total Adjusted Pool Balance/Total Notes Outstanding Reserve Account 6/15/2017 Activity 7/17/2017 D i Required Reserve Acc Deposit (%) 0.25% 0.25% ii Reserve Acct Initial Deposit ($) $ 1,200, $ $ 1,200, iii Specified Reserve Acct Balance ($) $ $ $ iv Current Reserve Acct Balance ($) $ $ $ Capitalized Interest Account 6/15/2017 Activity 7/17/2017 E i Capitalized Interest Account Balance $ $ $ Overcollateralization Amount 6/15/2017 Activity 7/17/2017 F i Specified Overcollateralization Amount $ 154,354, $ (2,763,447.16) $ 151,590, ii Overcollateralization Amount $ 257,257, $ (4,605,745.28) $ 252,651, iii Overcollateralization (%) % % Page 9 Page 9 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

10 II. SLC TRUST 2010B Libor Class A2 Distributions Interest Monthly Monthly Interest Interest Class CUSIP Interest Interest Interest Carryover Carryover Interest Interest Rate Due Paid Shortfall Due Paid Carryover Factor A VAB7 $ $ $ $ $ $ % Distributions from the Principal Distribution Account Principal Monthly Class CUSIP Principal Principal Principal Distribution Amt Distribution Paid Factor A VAB7 $ $ Page 10 Page 10 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

11 III. SLC TRUST 2010B Libor Class A2 Transactions from: 06/01/2017 through 06/30/2017 A B Student Loan Principal Activity i Principal Collections $ 4,136, ii Principal Reimbursements $ iii Other System Adjustments $ iv Purchased Student Loan Principal $ 3, v Total Principal Collections $ 4,140, Student Loan NonCash Principal Activity i Charged Off Loans $ 571, ii Other Adjustments $ 186, iii Capitalized Interest $ (1,140,173.63) iv Total NonCash Principal Activity $ (381,501.95) C Total Student Loan Principal Activity $ 3,758, D E Student Loan Interest Activity i Regular Interest Collections $ 2,030, ii Collection Fees / Returned Items $ iii Late Fee Reimbursements $ iv Interest Reimbursements $ v Other System Adjustments $ vi Purchased Student Loan Interest $ 1, vii Total Interest Collections $ 2,032, Student Loan NonCash Interest Activity i Charged Off Loans $ 28, ii Interest Accrual Adjustments $ (2,362,044.51) iii Capitalized Interest $ 1,140, iv Total NonCash Interest Adjustments $ (1,193,778.98) F Total Student Loan Interest Activity $ 838, Page 11 Page 11 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

12 IV. SLC TRUST 2010B Libor Class A2 Collection Account Activity 06/01/2017 through 06/30/2017 A B Principal Collections i Principal Payments Received $ 4,005, ii Consolidation Principal Payments $ 131, iii Reimbursement by Seller $ iv Reimbursement by Servicer and Cancellations $ v Purchased Student Loan Principal $ 3, vi Total Principal Collections $ 4,140, Interest Collections i Interest Payments Received $ 2,030, ii Consolidation Interest Payments $ iii Reimbursements by Seller $ iv Borrower Benefits Reimbursements $ v Reimbursements by Servicer $ vi Purchased Interest $ 1, vii Collection Fees / Returned Items $ viii Late Fees $ ix Total Interest Collections $ 2,032, C Recoveries on Defaulted Loans $ 201, D Reserves in Excess of Reserve Requirement $ E Trust Account Investment Income $ 3, F Capitalized Interest Account Balance to be Released $ TOTAL FUNDS RECEIVED $ 6,378, G TOTAL AVAILABLE FUNDS $ 6,378, H Servicing Fees Due for Current Period $ 145, I Carryover Servicing Fees Due $ J Total Fees Due for Period $ 145, Page 12 Page 12 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

13 V. SLC TRUST 2010B Libor Class A2 Waterfall for Distributions A Available Funds Class A2 $ 6,378, Available Funds Class A1 $ B Total Available Funds $ 6,378, C Trustee Fees $ D Administration Fee $ 4, E Primary Servicing Fees $ 145, F Interest Distribution Amount $ G Principal Distribution Amount $ H Increase to the Specified Reserve Account Balance $ I Carryover Servicing Fees $ J Additional Trustee Fees $ K Principal Distribution (any remaining amounts until 0) $ L Class A1 Collection Account (any remaining amounts) $ 6,228, M Excess Distribution Release to Trust Certificate Holders $ $ Page 13 Page 13 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

14 VI. SLC TRUST 2010B Libor Class A2 03/01/1703/31/17 04/01/1704/30/17 05/01/1705/31/17 06/01/1706/30/17 Student Loan Interest Activity i Regular Interest Collections $ 1,986, $ 1,868, $ 2,005, $ 2,030, ii Collection Fees / Returned Items $ $ $ $ iii Late Fee Reimbursements $ $ $ $ iv Interest Reimbursements $ $ $ $ v Other System Adjustments $ $ $ $ vi Purchased Student Loan Interest $ $ $ $ 1, vii Total Interest Collections $ 1,987, $ 1,868, $ 2,006, $ 2,032, Student Loan NonCash Interest Activity i Charged off loans $ 23, $ 21, $ 17, $ 28, ii Interest Accrual Adjustments $ (2,460,000.17) $ (2,311,683.98) $ (2,480,847.40) $ (2,362,044.51) iii Capitalized Interest $ 358, $ 303, $ 1,315, $ 1,140, iv Total NonCash Interest Adjustments $ (2,077,257.71) $ (1,986,263.23) $ (1,147,876.89) $ (1,193,778.98) Total Student Loan Interest Activity $ (89,301.47) $ (117,727.90) $ 858, $ 838, Beginning Student Loan Portfolio Balance $ 264,282, $ 258,367, $ 253,510, $ 249,871, Student Loan Principal Activity i Principal Collections $ 5,611, $ 4,670, $ 4,355, $ 4,136, ii Principal reimbursements $ $ $ $ iii Other System Adjustments $ $ $ $ iv Purchased Student Loan Principal $ 25, $ $ 10, $ 3, v Total Principal Collections $ 5,636, $ 4,670, $ 4,366, $ 4,140, Student Loan NonCash Principal Activity i Charged off loans $ 494, $ 390, $ 374, $ 571, ii Other Adjustments $ 141, $ 100, $ 212, $ 186, iii Capitalized Interest $ (358,750.74) $ (303,932.97) $ (1,315,424.86) $ (1,140,173.63) iv Total NonCash Principal Activity $ 277, $ 187, $ (727,953.68) $ (381,501.95) () Total Student Loan Principal Activity $ 5,914, $ 4,857, $ 3,638, $ 3,758, (=) Ending Student Loan Portfolio Balance $ 258,367, $ 253,510, $ 249,871, $ 246,112, (+) Interest to be Capitalized $ 8,204, $ 8,275, $ 7,415, $ 6,647, () Defaulted Loan balance $ (24,112.69) $ (618,327.26) $ (30,446.41) $ (108,762.30) (=) TOTAL POOL $ 266,548, $ 261,167, $ 257,257, $ 252,651, (+) Reserve Account Balance $ 1,200, $ 1,200, $ $ (+) Capitalized Interest Account Balance $ $ $ $ (=) Total Adjusted Pool $ 267,748, $ 262,368, $ 257,257, $ 252,651, Page 14 Page 14 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

15 VII. SLC TRUST 2010B Libor Class A2 Portfolio Characteristics Weighted Avg Coupon # of Loans % Pool Balance % STATUS 5/31/2017 6/30/2017 5/31/2017 6/30/2017 5/31/2017 6/30/2017 5/31/2017 6/30/2017 5/31/2017 6/30/2017 REPAYMENT Current % % 17,457 17, % % $197,634, $196,515, % % 130 Days Delinquent % % 1,109 1, % 5.494% $15,510, $15,964, % 6.319% 3160 Days Delinquent % % % 1.224% $4,373, $4,158, % 1.646% 6190 Days Delinquent % % % 0.802% $3,037, $2,921, % 1.156% Days Delinquent % % % 0.777% $3,076, $3,007, % 1.190% TOTAL REPAYMENT % % 19,152 18, % % $223,633, $222,569, % % INTERIM In school % % % 0.870% $3,709, $3,226, % 1.277% Grace % % % 0.481% $2,397, $2,007, % 0.794% Deferment % % 1,314 1, % 5.946% $25,062, $22,259, % 8.810% Forbearance % % % 0.777% $2,454, $2,590, % 1.025% GRAND TOTAL % % 20,923 20, % % $257,257, $252,651, % % Defaulted Loans % % , , VIII. SLC TRUST 2010B Libor Class APayment History and CPRs Distribution Total Date Pool Balances 17Apr $ 266,548, May $ 261,167, Jun $ 257,257, Jul $ 252,651, Current Life CPR CPR 20.86% 9.33% 19.56% 9.46% 14.24% 9.51% 17.23% 9.61% Page 15 Page 15 of 16 Pages 2010B Noteholder Statement Settling 7/17/17

16 IX. SLC TRUST 2010B Libor Class A2 Portfolio Characteristics (cont.) Remaining Terms Payment Status Accrued Interest to Weighted Average Remaining Term (months) be Capitalized In School Grace Deferment Forbearance Repayment In School $ 1,367, Grace $ 875, Deferment $ 4,163, Forbearance $ 240, Repayment N/A In School Term Distribution Weighted Avg Remaining Term Percentage Remaining Term (months) % % % % % % 0 Student Loan Interest Rate Index and Weighted Average Margin Index Percent of Pool WA Margin Prime 0% N/A LIBOR 100% 9.57% TBill 0% N/A Fixed Rate 0% N/A Page 16 Page 16 of 16 Pages 2010B Noteholder Statement Settling 7/17/17