Indenture: Number of Loans Principal Balance Accrued Interest % of Balance Plus Accrued WA Borrower Rate WA Remaining Term (Mos) Beginning Ending Beginning Ending Beginning Ending Beginning Ending Beginning Ending Beginning Ending Loans by Program Type Subsidized Stafford 35,096 34,659 $ 78,656,232.88 $ 77,315,693.05 $ 624,009.89 $ 616,849.37 47.72% 47.60% 5.31% 5.31% 90.30 90.00 Unsubsidized Stafford 21,084 20,838 $ 67,150,422.91 $ 66,348,084.97 $ 2,139,164.91 $ 2,140,699.23 41.70% 41.83% 5.44% 5.44% 100.86 100.59 PLUS and Grad PLUS 2,862 2,803 $ 17,250,309.28 $ 16,968,692.84 $ 331,412.66 $ 322,907.29 10.58% 10.56% 7.88% 7.88% 104.78 105.61 Subsidized Consolidation $ $ $ $ Unsubsidized Consolidation $ $ $ $ SLS $ $ $ $ Total 59,042 58,300 $ 163,056,965.07 $ 160,632,470.86 $ 3,094,587.46 $ 3,080,455.89 10 10 5.63% 5.64% 96.18 96.02 Portfolio by Loan Status In School 675 672 $ 2,285,964.55 $ 2,314,897.11 $ 423,243.00 $ 443,292.23 1.63% 1.68% 6.05% 6.07% 123.03 122.99 Grace 382 355 $ 1,420,777.78 $ 1,293,461.67 $ 302,969.26 $ 268,874.31 1.04% 0.95% 5.58% 5.58% 120.00 120.00 Current 41,983 41,816 $ 103,976,745.32 $ 103,906,990.95 $ 974,005.77 $ 1,023,379.64 63.17% 64.09% 5.70% 5.70% 88.64 88.32 3160 Days Delinquent 1,357 1,231 $ 4,946,760.12 $ 4,089,300.59 $ 64,420.18 $ 49,022.55 3.02% 2.53% 5.44% 5.41% 100.96 98.47 6190 Days Delinquent 802 846 $ 3,181,022.30 $ 3,206,203.67 $ 57,667.65 $ 55,179.90 1.95% 1.99% 5.56% 5.41% 116.82 109.53 91120 Days Delinquent 524 556 $ 1,973,275.08 $ 2,213,556.02 $ 38,960.81 $ 50,270.50 1.21% 1.38% 5.61% 5.39% 103.90 114.84 121150 Days Delinquent 379 379 $ 1,491,871.55 $ 1,368,933.00 $ 36,549.68 $ 32,181.85 0.92% 0.86% 5.49% 5.52% 104.45 108.02 151180 Days Delinquent 286 305 $ 1,081,012.04 $ 1,170,078.27 $ 29,002.05 $ 32,125.65 0.67% 0.73% 5.34% 5.52% 93.17 92.23 181210 Days Delinquent 330 239 $ 1,221,347.87 $ 915,082.27 $ 42,098.01 $ 27,522.83 0.76% 0.58% 5.42% 5.36% 114.34 91.54 211240 Days Delinquent 239 266 $ 881,420.65 $ 996,584.47 $ 35,545.18 $ 40,286.78 0.55% 0.63% 5.60% 5.65% 100.44 113.50 241270 Days Delinquent 197 94 $ 924,333.91 $ 349,312.49 $ 40,771.88 $ 16,100.13 0.58% 0.22% 5.79% 5.60% 94.19 98.34 271+ Days Delinquent 247 286 $ 903,548.49 $ 1,272,799.40 $ 49,373.36 $ 62,504.46 0.57% 0.82% 5.89% 5.72% 98.69 93.59 Total 46,344 46,018 $ 120,581,337.33 $ 119,488,841.13 $ 1,368,394.57 $ 1,388,574.29 73.40% 73.83% 5.68% 5.67% 90.84 90.31 Forbearance 4,181 3,945 $ 16,374,351.70 $ 15,620,212.25 $ 329,421.09 $ 286,648.80 10.05% 9.72% 5.62% 5.64% 114.20 119.63 Deferment 7,085 6,814 $ 21,149,423.19 $ 20,226,069.76 $ 606,884.81 $ 600,920.11 13.09% 12.72% 5.38% 5.41% 108.08 106.79 Claims in Progress 375 496 $ 1,245,110.52 $ 1,688,988.94 $ 63,674.73 $ 92,146.15 0.79% 1.09% 5.25% 5.49% 97.81 97.48 Claims Denied $ $ $ $ Total Portfolio 59,042 58,300 $ 163,056,965.07 $ 160,632,470.86 $ 3,094,587.46 $ 3,080,455.89 10 10 5.63% 5.64% 96.18 96.02 Portfolio by School Type 4 Year+ 47,304 46,684 $ 135,308,977.23 $ 133,122,733.08 $ 2,535,382.76 $ 2,530,111.54 82.96% 82.86% 5.67% 5.67% 96.76 96.63 2 Year 10,401 10,301 $ 24,256,264.26 $ 24,069,017.48 $ 493,496.74 $ 485,883.87 14.90% 15.00% 5.34% 5.35% 93.78 93.53 Proprietary 857 844 $ 2,173,543.40 $ 2,134,778.06 $ 41,679.24 $ 38,968.37 1.33% 1.33% 6.55% 6.55% 95.30 95.00 Other 480 471 $ 1,318,180.18 $ 1,305,942.24 $ 24,028.72 $ 25,492.11 0.81% 0.81% 5.60% 5.60% 81.83 81.63 Total Balance 59,042 58,300 $ 163,056,965.07 $ 160,632,470.86 $ 3,094,587.46 $ 3,080,455.89 10 10 5.63% 5.64% 96.18 96.02 Portfolio by SAP Index 3 Month Financial CP $ $ $ $ 3 Month TBill $ $ $ $ 1 Month LIBOR 59,042 58,300 $ 163,056,965.07 $ 160,632,470.86 $ 3,094,587.46 $ 3,080,455.89 10 10 Other Indices $ $ $ $ Total Pool Balance 59,042 58,300 $ 163,056,965.07 $ 160,632,470.86 $ 3,094,587.46 $ 3,080,455.89 10 10 Servicer: Granite State 59,042 58,300 $ 163,056,965.07 $ 160,632,470.86 $ 3,094,587.46 $ 3,080,455.89 10 10 Nelnet $ $ $ $ Total 59,042 58,300 $ 163,056,965.07 $ 160,632,470.86 $ 3,094,587.46 $ 3,080,455.89 10 10
Indenture Name: Portfolio Activity Principal Only Principal Plus Accrued Interest Weighted Average Borrower Rate Weighted Average Remaining Term (Mos) Nr Loans Nr Accounts ABI Beginning Balance $ 163,056,965.07 $ 166,151,552.53 5.63% 96.18 59,042 21,382 $ 7,770.63 Loans Added with Recycling/Acquisition $ $ Loans Substituted/Transferred In $ $ Loan Accrued Interest $ $ 658,165.96 Loan Capping $ 264,850.15 $ Loans Repaid or Prepaid $ (2,540,048.03) $ (2,938,508.22) Loans Sold Out $ $ Loans Defaults $ (149,296.33) $ (158,283.52) Ending Balance $ 160,632,470.86 $ 163,712,926.75 5.64% 96.02 58,300 21,067 $ 7,771.06 CPR Current Month 8.39% Since 12/19/12 9.44% Loans Sold Out Loans Transferred In $ Amount % of Total Pool Price (%) $ Amount % of Total Pool Price (%) Sale/Release of Collateral Subsidized Stafford Total N/A 4Year N/A 2Year N/A Proprietary N/A Unsubsidized Stafford Total N/A 4Year N/A 2Year N/A Proprietary N/A PLUS Total N/A 4Year N/A 2Year N/A Proprietary N/A SLS Total N/A 4Year N/A 2Year N/A Proprietary N/A Consolidation Total N/A 4Year N/A 2Year N/A Proprietary N/A
Default Amount Cumulative $ Cumulative % Gross Defaults/Claims and Claim Reject Status During Period Since 12/19/12 Since 12/19/12 Subsidized Stafford $ 376,365.72 $ 7,239,565.99 49.46% Unsubsidized Stafford $ 338,460.48 $ 6,382,527.42 43.61% PLUS and Grad PLUS $ 53,317.98 $ 1,013,694.79 6.93% Subsidized Consolidation $ $ Unsubsidized Consolidation $ $ SLS $ $ Total Claims Filed $ 768,144.18 $ 14,635,788.20 10 Total Net Rejected Claims $ $ Cumulative Default Rate Current Period's Defaults Filed ($) $ 768,144.18 Cumulative Defaults Filed ($) $ 14,635,788.20 Cumulative Default (% of original pool balance) 6.05% Cumulative Default (% of cumulative Entered balance) 5.03% Current period payments (recoveries) from Guarantor ($) $ 149,296.33 Cumulative Recovery Rate (%) 97.31% Cumulative Net Loss Rate (%) 2.69% Servicer Reject Rate (%) Cumulative Servicer Reject Rate (%) Weighted Average Payments Made W.A. Time until % of Pool (months) (a) In School 1.68% 22.60 Grace 0.95% 2.31 Deferment 12.72% 18.65 Forbearance 9.72% 1.81 W.A. Time in % of Pool (months) 74.92% 45.35 Total Portfolio 10 39.08 (a) Includes Grace period; may be negative.
Indenture Name: Bond Principal Series CUSIP Tax Status Maturity Date Initial Principal Balance Beginning Principal Balance Principal Distribution Ending Principal Balance Required Principal Distribution Principal Shortfall 20121 A1 644617AE2 Taxable 10/25/28 $ 239,515,000.00 $ 160,372,585.29 $ 2,408,380.88 $ 157,964,204.41 $ $ TOTAL $ 239,515,000.00 $ 160,372,585.29 $ 2,408,380.88 $ 157,964,204.41 $ $ Bond Interest Series CUSIP Tax Status Interest Mode Periodic Interest Due Periodic Interest Paid Interest Shortfall Interest Carryover Due Interest Carryover Paid Ending Interest Carryover Days in Period Actual Coupon Rate 20121 A1 644617AE2 Taxable 1mLIBOR+50bps $ 89,303.91 $ 89,303.91 $ $ $ $ 30 0.67% TOTAL $ 89,303.91 $ 89,303.91 $ $ $ $ Balance Sheet and Parity Calculations Beginning Balance Ending Balance Assets Student Loan Principal $ 163,056,965 $ 160,632,471 Student Loan SAP and ISP $ (1,121,210) $ (358,384) Student Loan Accrued Interest $ 3,094,587 $ 3,080,456 Debt Service Reserve $ 415,313 $ 409,082 Collections Account $ 7,132,962 $ 6,409,877 Capitalized Interest Fund $ $ DOE Reserve Account $ 752,431 $ Due from Servicer $ 124,451 $ 120,198 Total Assets $ 173,455,499 $ 170,293,699 Liabilities Accrued Interest $ 18,261 $ 17,865 Other Accruals $ 115,499 $ 113,781 Total Accruals $ 133,760 $ 131,646 Net Assets $ 173,321,740 $ 170,162,053 Bonds Outstanding $ 163,622,915 $ 160,372,585 Parity % 105.93% 106.10% Total Collections (a) Interest Collections Regular Interest Collections $ 397,970.87 ISP $ SAP $ Reimbursement by Guarantors (of accrued interest) $ 9,673.64 Purchases by Servicer/Seller $ Total Interest Collections $ 407,644.51 (b) Principal collections Principal Payments $ 2,530,443.07 Reimbursement by Guarantors $ 194,989.60 Repurchases by Seller $ (54,880.36) Total Principal Collections $ 2,670,552.31 (c) Fee collections Late fees $ 16,707.07
Total Fee Collections $ 16,707.07 Total Collections $ 3,094,903.89 (d) Fees Administration and Servicing Fees $ 115,498.68 SAP Rebate Fund deposits $ 358,384.10 Consolidation Rebate Fees $ Other Fees, Expenses, and Amounts $ Servicing Conversion Fees $ Total Fees $ 473,882.78 (d) Investment Income $ 519.58 (e) Draws from Reserve $ 6,231.13 (f) Other $ Total Available Funds: $ 2,627,771.82 Waterfall Activity 5.04 (c)(i) Payments under joint sharing agreement $ 5.04 (c)(ii) Pay trustee fees $ 16,305.70 5.04 (c)(iii) Pay current unpaid servicing fees $ 93,702.27 5.04 (c)(iv) Pay current administration fees $ 20,079.06 5.04 (c)(v) Pay noteholders' interest distribution amount $ 89,303.91 5.04 (c)(vi) Replenish reserve fund to required balance $ 5.04 (c)(vii) Pay remaining funds to noteholders $ 2,408,380.88 Total Distributions $ 2,627,771.82