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Loans Held for Investment (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans held for investment are summarized as follows:

		March 31,				December 31,
		2019				2018
Private Education Loans:
Fixed-rate		$	8,025,846			$	6,759,019
Variable-rate		13,765,776				13,745,446
Total Private Education Loans, gross		21,791,622				20,504,465
Deferred origination costs and unamortized premium/(discount)		70,858				68,321
Allowance for loan losses		(285,946		)		(277,943		)
Total Private Education Loans, net		21,576,534				20,294,843
FFELP Loans		828,640				846,487
Deferred origination costs and unamortized premium/(discount)		2,323				2,379
Allowance for loan losses		(1,760		)		(977		)
Total FFELP Loans, net		829,203				847,889
Personal Loans (fixed-rate)		1,162,874				1,190,091
Deferred origination costs and unamortized premium/(discount)		394				297
Allowance for loan losses		(70,619		)		(62,201		)
Total Personal Loans, net		1,092,649				1,128,187
Loans held for investment, net		$	23,498,386			$	22,270,919

The average balance and the respective weighted average interest rates of loans in our portfolio are summarized as follows:

		Three Months Ended
		March 31,
		2019							2018
		Average Balance				Weighted Average Interest Rate			Average Balance				Weighted Average Interest Rate
Private Education Loans		$	21,732,826			9.50	%		$	18,659,717			8.84	%
FFELP Loans		837,950				4.94			919,717				4.25
Personal Loans		1,176,466				11.81			528,644				10.64
Total portfolio		$	23,747,242						$	20,108,078

The following table provides the average recorded investment and interest income recognized for our TDR loans.

		Three Months Ended   March 31,
		2019								2018
		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
TDR Loans		$	1,312,729			$	21,566			$	1,032,232			$	17,847

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- References

No definition available.

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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