Independent Accountants’ Agreed-Upon Procedures Report
Nelnet, Inc. (the “Company”)
Truist Bank
CSS PSL 2023-1 Acquisitionco L.L.C.
Bof A Securities, Inc.
(together, the “Specified Parties”)
Re: Nelnet Student Loan Trust 2023-A – Data Files Procedures
We have performed the procedures described below on the specified attributes in:
| (i) |
an electronic data f ile entitled “Truist_loan_tape_2023-05 Total Pool with PII for KPMG Audit v20230609.csv,” provided by Cognition Financial LLC (“CogFin”) on June 9, 2023, as the Program Administrator
and Portfolio Manager, on behalf of Truist Bank, containing information on 41,172 student loans (the “Student Loans”) serviced by Pennsylvania Higher Education Assistance Agency (“PHEAA”) as of May 31, 2023 (the “Initial Data File”), and
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| (ii) |
an electronic data f ile entitled “AAandTERI FICO Bwr State May 2023.xlsx,” provided by Truist Bank on June 27, 2023, containing information on the borrower’s current state of residence for each of the
Selected Student Loans (defined below) for which the “PortfolioType” field is “Academic Answer” and “Legacy TERI” (the “Subsequent Data File,” together with the Initial Data File, the “Data Files”),
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which we were informed are intended to be included as collateral in the offering by Nelnet Student Loan Trust 2023-A. Truist Bank is responsible for the specified attributes identified by the Company in the Data
Files.
The Specified Parties have agreed to and acknowledged that the procedures performed are ap propriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified
attributes in the Data Files. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.
The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are
responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpos e.
Unless otherwise stated, the following definitions have been adopted in presenting our procedures and f indings:
| • |
The term “compared” means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.
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| • |
The term “recomputed” means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement
if differences were within the reporting threshold.
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| • |
The term “reporting threshold” means that dollar amounts and percentages were within $1.00 and 0.01%, respectively.
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| • |
The term “Cutoff Date” means May 31, 2023.
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KPMG LLP, a Delaware limited liability partnership and a member firm of
the KPMG global organization of independent member firms affiliated with
KPMG International Limited, a private English company limited by guarantee.
| • |
The term “Sources” means the following provided by PHEAA and CogFin, on behalf of Truist, for the Selected Student Loans:
|
| |
– |
Promissory Notes, Credit Agreements, Final Disclosures, Note Disclosure Statement, Federal Truth-In-Lending Disclosure Statements;
|
| |
– |
Credit Score Disclosures containing borrower’s FICO score and cosigner’s FICO score at origination for Selected Student Loans for which the “PortfolioType” field in the Data Files is “Monogram”;
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| |
– |
CogFin Credit Reports containing borrower’s FICO score and cosigner’s FICO score at origination for Selected Student Loan #314;
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| |
– |
A schedule containing borrower’s FICO score and cosigner’s FICO score at origination for each Selected Student Loan for which the “PortfolioType” field in the Data Files is “Legacy TERI” (the “Legacy TERI FICO Score Schedule”);
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| |
– |
A schedule containing borrower’s FICO score and cosigner’s FICO score at origination for each Selected Student Loan for which the “PortfolioType” field in the Data Files is “Academic Answer” (the “Academic Answer FICO Score Schedule”);
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| |
– |
Electronic screenshots containing information f rom PHEAA’s servicing system (the “Screenshots”):
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• |
TSX29 – Loan Detail Information Screen,
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• |
TSX2J – Disbursement Information Screen,
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• |
TSX2D – Loan Financial Activity Screen,
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• |
TDX4F – Outsource Loan Maintenance Screen,
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• |
TDX3K – Activity Text Screen,
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• |
TSX07 – Interest Rate Change / History Screen,
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• |
TSX2A – Loan Detail Information Screen,
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• |
TSX25 – Borrower Detail Screen,
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| |
• |
TSX2E – Loan Financial Activity Breakdown Screen,
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|
• |
TXX4M – Deferment Parameters Screen,
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| |
• |
TSX56 – Repayment Schedule Detail Screen,
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| |
• |
TSX31 - Deferment / Forbearance Loan Detail Screen,
|
| |
• |
TXX1R-01 – Borrower Demographics Screen;
|
| |
– |
Portfolio type mapping attached hereto as Exhibit B (“Portfolio Type Mapping”);
|
| |
– |
Loan status mapping attached hereto as Exhibit B (“Loan Status Mapping”); and,
|
| |
– |
Repayment schedule type mapping for the Selected Student Loans attached hereto as Exhibit B (“Repayment Schedule Type Mapping”).
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| • |
The term “Instructions” means the instructions provided by the Company, or CogFin or PHEAA, on behalf of the Company, pertaining to a procedure, attribute, or methodology, as described in the procedures below.
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| • |
The term “Provided Information” means the Cutoff Date, Sources, and Instructions.
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The procedures we were instructed by the Company to perform and the associated f indings are as follows:
| A. |
We removed 3,191 contracts f rom the Initial Data File for which the “CurrentPrincipal” field in the Data Files was $0.00 or less, and then randomly selected a sample of Student Loans f rom the remaining
37,981 Student Loans, utilizing a confidence level of 95.0%, an expected error rate of 3.0%, and a maximum estimated error occurrence rate (the upper error limit) for each of the attributes not to exceed 5.0%, as instructed by the
Company. The selection criteria resulted in a sample of 360 Student Loans (the “Selected Student Loans”). A listing of the Selected Student Loans is attached hereto as Exhibit A.
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| B. |
For each Selected Student Loan, we compared or recomputed the specified attributes listed below to or using the corresponding information included in the Sources, utilizing the Instructions, as applicable.
The Specified Parties indicated that the absence of any of the information in the Sources or the inability to agree the indicated information f rom the Data Files to the Sources for each of the attributes identified, utilizing the
Instructions as applicable, constituted an exception. The Sources are listed in the order of priority.
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Attribute
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Sources / Instructions
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Social Security Number
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“Borrower SSN” field on TSX29 – Loan Detail Information Screen
(i) Compare the “Borrower SSN” field on TSX29 – Loan Detail Information Screen to (a) the Social Security Number on the Promissory Note for each Selected Student Loan for which the
“PortfolioType” field in the Data Files is equal to “Academic Answer,” or (b) the Social Security Number on the Credit Agreement for each Selected Student Loan for which the “PortfolioType” field in the
Data Files is equal to “Legacy TERI” or “Monogram;”
(ii) To confirm that the Selected Student Loan corresponds to the Promissory Note or the Credit Agreement, compare the “TotalDisbursed” field in the Data Files to the Loan Amount
Requested on (a) the Promissory Note for Selected Student Loans for which the “PortfolioType” field in the Data Files is “Academic Answer,” or (b) the Credit Agreement for Selected Student Loans for which the “PortfolioType” field in the
Data Files is “Legacy TERI” or “Monogram.” In the event, the Loan Amount Requested listed on the Promissory Note or the Credit Agreement was less than the “TotalDisbursed” field in the Data Files, compare the “TotalDisbursed” field in the
Data Files to the Total Loan Amount(s) on the Final Disclosure, Note Disclosure Statement, or Federal Truth-In-Lending Disclosure Statement.
For Selected Student Loan #17, the Loan Amount Requested listed on the Credit Agreement did not agree to the “TotalDisbursed” field in the Data Files. CogFin, on behalf of the Company, instructed us to
recompute the Loan Amount Requested by adding (i) the recomputed loan origination fee by dividing the Loan Amount Requested on the Credit Agreement by the difference between 100% and the Loan Origination Fee Percentage indicated on the
Credit Agreement, and (ii) the Loan Amount Requested on the Credit Agreement. We compared the recomputed Loan Amount Requested to the “TotalDisbursed” field in the Data Files.
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Attribute
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Sources / Instructions
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Signature(s) on the Promissory Note or Credit Agreement
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Observe signature(s) on the Promissory Note or Credit Agreement. We did not perform procedures to assess compliance with regard to any signatory requirements or confirm the authenticity of the signature(s)
on the Promissory Note or Credit Agreement.
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Disbursement Year
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“1st Disb Date” field on TSX29 – Loan Detail Information Screen.
Year of the “1st Disb Date” field on TSX29 – Loan Detail Information Screen.
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Original Balance
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“Beg Bal” field on TSX29 – Loan Detail Information Screen, the “Disb Amount” fields on TSX2J – Disbursement Information Screen, “Beg Bal” field on TSX29 – Loan Detail Information
Screen, cancelled “Disb Amounts” field on TSX2J – Disbursement Information Screen.
“Beg Bal” field on TSX29 – Loan Detail Information Screen, or recompute by (i) adding the “Disb Amount” fields on TSX2J – Disbursement Information Screen or (ii) adding the “Beg Bal” field on TSX29 – Loan Detail Information Screen to
the cancelled “Disb Amounts” field on TSX2J – Disbursement Information Screen.
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| |
Current Principal Balance
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“Cur Prin” field on TSX29 – Loan Detail Information Screen, “Principal Balance” field on TSX2D – Loan Financial Activity Screen, “Principal” field of the “Applied Amt” field on TSX2E – Loan Financial
Activity Breakdown Screen.
For Selected Student Loan #195, a payment was reversed on the date of the “Batch” field on TSX2E – Loan Financial Activity Breakdown Screen after the Cutoff Date. We were instructed to recompute the Current
Principal Balance by subtracting the “Cur Prin” field on TSX29 – Loan Detail Information Screen by the “Principal” field of the “Applied Amt” field of the reversed payment on TSX2E – Loan Financial Activity Breakdown Screen.
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Portfolio Type
|
“Loan PGM” field on TSX29 – Loan Detail Information Screen and Portfolio Type Mapping
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Loan Status
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“Status” field on TSX29 – Loan Detail Information Screen, “Defer/Forb Typ” field on TSX31 – Deferment / Forbearance Loan Detail Screen, TDX4F – Outsource Loan Maintenance Screen, and Loan Status Mapping.
Consider Loan Status as “In Grace” if the “Grace End Date” field on TSX29 – Loan Detail Information Screen is on or after the Cutoff Date. Consider Loan Status as “In School” if the “Sep Date” field on TSX29 – Loan Detail Information
Screen or TDX3K – Activity Text Screen is on or after the Cutoff Date.
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Attribute
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Sources / Instructions
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Repayment Begin Date
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“Repayment Start” field on TSX29 – Loan Detail Information Screen.
“Repayment Start” field on TSX29 – Loan Detail Information Screen, or recompute by adding six (6) months and one (1) day to the “Sep Dt” field on TSX29 – Loan Detail Information
Screen.
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Expected Payoff Date
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“Exp Payoff Date” field on TSX29 – Loan Detail Information Screen, “Beg Due Date” field on TSX56 – Repayment Schedule Detail Screen, “Repay Term” field on TSX56 – Repayment Schedule
Detail Screen, “Days Used” field on TSX31 – Deferment / Forbearance Loan Detail Screen, “Repay Per Exclu” field on TXX4M – Deferment Parameters Screen.
For Selected Student Loans for which the “ExpectedPayoffDate” field in the Data Files had a year in the 1900s, we were instructed by CogFin, on behalf of the Company, to convert the
year to the corresponding year in the 2000s.
“Exp Payoff Date” field on TSX29 – Loan Detail Information Screen or recompute as follows:
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| |
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|
|
Add the earliest future “Beg Due Date” field and number of months in the corresponding “Repay Term” field on TSX56 – Repayment Schedule Detail Screen. |
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(ii)
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For Selected Student Loans for which the “PortfolioType” field in the Data Files is “Monogram” and the “Exp Payoff Date” field on TSX29 – Loan Detail Information Screen is blank, recompute by adding:
|
| |
|
| |
(a) the “RepaymentBeginDate” field in the Data Files,
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| |
(b) the maximum term as shown in the last three (3) digits of the “Loan PGM” field on TSX29 – Loan Detail Information Screen, and
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|
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(c) months in term-extending deferment and forbearance, recomputed as:
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(1) the sum of the “Days Used” field on TSX31 – Deferment / Forbearance Loan Detail Screen of each deferment and forbearance with the “Repay Per Exclu” field on TXX4M – Deferment Parameters Screen in “Y,”
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(2) divided by 30.42,
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(3) rounded to the nearest whole month.
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For Selected Student Loans #115, #143, #346, and #359, PHEAA, on behalf of the Company, instructed us to recompute the Expected Payoff Date by adding the “Beg Due Date” field and the
corresponding “Repay Term” field of the repayment schedule effective as o f the Cutoff Date on TSX56 – Repayment Schedule Detail Screen.
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Attribute
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Sources / Instructions
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Months Remaining in Repayment
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“Exp Payoff Date” field on TSX29 – Loan Detail Information Screen, recomputed Expected Payoff Date
|
| |
|
Recompute Months Remaining in Repayment as follows:
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| |
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If the “LoanSubStatusDesc” field in the Data Files is “Repayment” and the "RepaymentBeginDate” field in the Data Files is before or on the Cutoff Date, recompute as the number of months between
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(i)
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the “CreateDate” field in the Data Files and |
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(ii)
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(a) the “Exp Payoff Date” field on TSX29 – Loan Detail Information Screen or |
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| |
(b) the recomputed Expected Payoff Date.
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If the “LoanSubStatusDesc” field in the Data Files is “Repayment” and the "RepaymentBeginDate” field in the Data Files is after the Cutoff Date, recompute as the number of months between:
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(i)
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the “CreateDate” field in the Data Files and |
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(ii)
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(a) the “Exp Payoff Date” field on TSX29 – Loan Detail Information Screen or |
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(b) the recomputed Expected Payoff Date.
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(iii) plus 1.
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If the “LoanSubStatusDesc” field in the Data Files is not “Repayment,” recompute as the number of months between:
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(i)
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the “RepaymentBeginDate” field in the Data Files and |
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(ii)
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(a) the “Exp Payoff Date” field on TSX29 – Loan Detail Information Screen or |
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| |
(b) the recomputed Expected Payoff Date.
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Repayment Schedule Type
|
“Owner” field on TSX29 – Loan Detail Information Screen and Repayment Schedule Type Mapping
Last two characters of “Owner” field on TSX29 – Loan Detail Information Screen and Repayment Schedule Type Mapping
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Current Interest Rate
|
“Int Rte” field on TSX29 – Loan Detail Information Screen, “Interest Rate” field on TSX07 – Interest Rate Change / History Screen
|
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Attribute
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Sources / Instructions
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(i)
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If the “LIBORMRate” field in the Data Files is equal to “1,” recompute by subtracting “Int Rte” field on TSX29 – Loan Detail Information Screen by 0.125%. |
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(ii)
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If the “LIBORMRat” field in the Data Files is not equal to “1,” “Int Rte” field on TSX29 – Loan Detail Information Screen |
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(iii)
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If (i) or (ii) did not agree, “Interest Rate” field on TSX07 – Interest Rate Change / History Screen |
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Original School Code
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“Orig School” field on TSX2A – Loan Detail Information Screen
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Current Borrower State
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“Address” field on TSX25 – Borrower Detail Screen, “Addr” field on TXX1R-01 – Borrower Demographics Screen.
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Borrower and Cosigner Original FICO
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Credit Score Disclosures, Legacy TERI FICO Score Schedule, Academic Answer FICO Score Schedule, CogFin Credit Reports
If the “PortfolioType” field in the Data Files is equal to “Monogram,” the Credit Score Disclosures
If the “PortfolioType” field in the Data Files is equal to “Legacy TERI,” the Legacy TERI FICO Score Schedule
If the “PortfolioType” field in the Data Files is equal to “Academic Answer,” the Academic Answer FICO Score Schedule
For Selected Student Loan #314, we were instructed by CogFin, on behalf of the Company, to utilize the CogFin Credit Reports.
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We found such information to be in agreement except as listed in Exhibit C.
Based on the results of the procedures performed, there is a 95.0% confidence level that the maximum estimated error occurrence rate for each of the attributes across the population of 37,981 Student Loans does not
exceed 5.0%. Because we are not engaged to express a conclusion, we do not offer a conclusion based on the application of a sampling technique.
We were engaged by the Company to perform this agreed -upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public
Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on f indings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the
objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data Files. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other
matters might have come to o ur attention that would have been reported.
We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed -upon procedures engagement.
The procedures performed were applied based on the information included in the Data Files and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or
any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company,
(ii) the physical existence of the Student Loans, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.
The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Student Loans to stated underwriting or credit extension guidelines, standards, criteria or
other requirements, (ii) the value of collateral securing any such Student Loans being securitized, (iii) the compliance of the originator of the Student Loans with federal, state, and local laws and regulations, or (iv) any other factor or
characteristic of the Student Loans that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not
intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations (“NRSROs”).
The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.
This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not
identified in the report as the Specified Parties but may have access to this report as required by law or regulation.
/s/ KPMG LLP
Irvine, California
July 5, 2023
Exhibit A
The Selected Student Loans
|
Selected
Student
Loan
Number
|
Student
Loan
Number
|
Selected
Student
Loan
Number
|
Student
Loan
Number
|
Selected
Student
Loan
Number
|
Student
Loan
Number
|
Selected
Student
Loan
Number
|
Student
Loan
Number
|
|
1
|
2023A001
|
51
|
2023A051
|
101
|
2023A101
|
151
|
2023A151
|
|
2
|
2023A002
|
52
|
2023A052
|
102
|
2023A102
|
152
|
2023A152
|
|
3
|
2023A003
|
53
|
2023A053
|
103
|
2023A103
|
153
|
2023A153
|
|
4
|
2023A004
|
54
|
2023A054
|
104
|
2023A104
|
154
|
2023A154
|
|
5
|
2023A005
|
55
|
2023A055
|
105
|
2023A105
|
155
|
2023A155
|
|
6
|
2023A006
|
56
|
2023A056
|
106
|
2023A106
|
156
|
2023A156
|
|
7
|
2023A007
|
57
|
2023A057
|
107
|
2023A107
|
157
|
2023A157
|
|
8
|
2023A008
|
58
|
2023A058
|
108
|
2023A108
|
158
|
2023A158
|
|
9
|
2023A009
|
59
|
2023A059
|
109
|
2023A109
|
159
|
2023A159
|
|
10
|
2023A010
|
60
|
2023A060
|
110
|
2023A110
|
160
|
2023A160
|
|
11
|
2023A011
|
61
|
2023A061
|
111
|
2023A111
|
161
|
2023A161
|
|
12
|
2023A012
|
62
|
2023A062
|
112
|
2023A112
|
162
|
2023A162
|
|
13
|
2023A013
|
63
|
2023A063
|
113
|
2023A113
|
163
|
2023A163
|
|
14
|
2023A014
|
64
|
2023A064
|
114
|
2023A114
|
164
|
2023A164
|
|
15
|
2023A015
|
65
|
2023A065
|
115
|
2023A115
|
165
|
2023A165
|
|
16
|
2023A016
|
66
|
2023A066
|
116
|
2023A116
|
166
|
2023A166
|
|
17
|
2023A017
|
67
|
2023A067
|
117
|
2023A117
|
167
|
2023A167
|
|
18
|
2023A018
|
68
|
2023A068
|
118
|
2023A118
|
168
|
2023A168
|
|
19
|
2023A019
|
69
|
2023A069
|
119
|
2023A119
|
169
|
2023A169
|
|
20
|
2023A020
|
70
|
2023A070
|
120
|
2023A120
|
170
|
2023A170
|
|
21
|
2023A021
|
71
|
2023A071
|
121
|
2023A121
|
171
|
2023A171
|
|
22
|
2023A022
|
72
|
2023A072
|
122
|
2023A122
|
172
|
2023A172
|
|
23
|
2023A023
|
73
|
2023A073
|
123
|
2023A123
|
173
|
2023A173
|
|
24
|
2023A024
|
74
|
2023A074
|
124
|
2023A124
|
174
|
2023A174
|
|
25
|
2023A025
|
75
|
2023A075
|
125
|
2023A125
|
175
|
2023A175
|
|
26
|
2023A026
|
76
|
2023A076
|
126
|
2023A126
|
176
|
2023A176
|
|
27
|
2023A027
|
77
|
2023A077
|
127
|
2023A127
|
177
|
2023A177
|
|
28
|
2023A028
|
78
|
2023A078
|
128
|
2023A128
|
178
|
2023A178
|
|
29
|
2023A029
|
79
|
2023A079
|
129
|
2023A129
|
179
|
2023A179
|
|
30
|
2023A030
|
80
|
2023A080
|
130
|
2023A130
|
180
|
2023A180
|
|
31
|
2023A031
|
81
|
2023A081
|
131
|
2023A131
|
181
|
2023A181
|
|
32
|
2023A032
|
82
|
2023A082
|
132
|
2023A132
|
182
|
2023A182
|
|
33
|
2023A033
|
83
|
2023A083
|
133
|
2023A133
|
183
|
2023A183
|
|
34
|
2023A034
|
84
|
2023A084
|
134
|
2023A134
|
184
|
2023A184
|
|
35
|
2023A035
|
85
|
2023A085
|
135
|
2023A135
|
185
|
2023A185
|
|
36
|
2023A036
|
86
|
2023A086
|
136
|
2023A136
|
186
|
2023A186
|
|
37
|
2023A037
|
87
|
2023A087
|
137
|
2023A137
|
187
|
2023A187
|
|
38
|
2023A038
|
88
|
2023A088
|
138
|
2023A138
|
188
|
2023A188
|
|
39
|
2023A039
|
89
|
2023A089
|
139
|
2023A139
|
189
|
2023A189
|
|
40
|
2023A040
|
90
|
2023A090
|
140
|
2023A140
|
190
|
2023A190
|
|
41
|
2023A041
|
91
|
2023A091
|
141
|
2023A141
|
191
|
2023A191
|
|
42
|
2023A042
|
92
|
2023A092
|
142
|
2023A142
|
192
|
2023A192
|
|
43
|
2023A043
|
93
|
2023A093
|
143
|
2023A143
|
193
|
2023A193
|
|
44
|
2023A044
|
94
|
2023A094
|
144
|
2023A144
|
194
|
2023A194
|
|
45
|
2023A045
|
95
|
2023A095
|
145
|
2023A145
|
195
|
2023A195
|
|
46
|
2023A046
|
96
|
2023A096
|
146
|
2023A146
|
196
|
2023A196
|
|
47
|
2023A047
|
97
|
2023A097
|
147
|
2023A147
|
197
|
2023A197
|
|
48
|
2023A048
|
98
|
2023A098
|
148
|
2023A148
|
198
|
2023A198
|
|
49
|
2023A049
|
99
|
2023A099
|
149
|
2023A149
|
199
|
2023A199
|
|
50
|
2023A050
|
100
|
2023A100
|
150
|
2023A150
|
200
|
2023A200
|
Exhibit A
The Selected Student Loans (cont.)
|
Selected
Number
|
Student Loan Number
|
Selected
Student Loan
Number
|
Student Loan
Number
|
Selected
Student Loan
Number
|
Student Loan
Number
|
Selected
Student Loan
Number
|
Student Loan
Number
|
|
201
|
2023A201
|
242
|
2023A242
|
283
|
2023A283
|
324
|
2023A324
|
|
202
|
2023A202
|
243
|
2023A243
|
284
|
2023A284
|
325
|
2023A325
|
|
203
|
2023A203
|
244
|
2023A244
|
285
|
2023A285
|
326
|
2023A326
|
|
204
|
2023A204
|
245
|
2023A245
|
286
|
2023A286
|
327
|
2023A327
|
|
205
|
2023A205
|
246
|
2023A246
|
287
|
2023A287
|
328
|
2023A328
|
|
206
|
2023A206
|
247
|
2023A247
|
288
|
2023A288
|
329
|
2023A329
|
|
207
|
2023A207
|
248
|
2023A248
|
289
|
2023A289
|
330
|
2023A330
|
|
208
|
2023A208
|
249
|
2023A249
|
290
|
2023A290
|
331
|
2023A331
|
|
209
|
2023A209
|
250
|
2023A250
|
291
|
2023A291
|
332
|
2023A332
|
|
210
|
2023A210
|
251
|
2023A251
|
292
|
2023A292
|
333
|
2023A333
|
|
211
|
2023A211
|
252
|
2023A252
|
293
|
2023A293
|
334
|
2023A334
|
|
212
|
2023A212
|
253
|
2023A253
|
294
|
2023A294
|
335
|
2023A335
|
|
213
|
2023A213
|
254
|
2023A254
|
295
|
2023A295
|
336
|
2023A336
|
|
214
|
2023A214
|
255
|
2023A255
|
296
|
2023A296
|
337
|
2023A337
|
|
215
|
2023A215
|
256
|
2023A256
|
297
|
2023A297
|
338
|
2023A338
|
|
216
|
2023A216
|
257
|
2023A257
|
298
|
2023A298
|
339
|
2023A339
|
|
217
|
2023A217
|
258
|
2023A258
|
299
|
2023A299
|
340
|
2023A340
|
|
218
|
2023A218
|
259
|
2023A259
|
300
|
2023A300
|
341
|
2023A341
|
|
219
|
2023A219
|
260
|
2023A260
|
301
|
2023A301
|
342
|
2023A342
|
|
220
|
2023A220
|
261
|
2023A261
|
302
|
2023A302
|
343
|
2023A343
|
|
221
|
2023A221
|
262
|
2023A262
|
303
|
2023A303
|
344
|
2023A344
|
|
222
|
2023A222
|
263
|
2023A263
|
304
|
2023A304
|
345
|
2023A345
|
|
223
|
2023A223
|
264
|
2023A264
|
305
|
2023A305
|
346
|
2023A346
|
|
224
|
2023A224
|
265
|
2023A265
|
306
|
2023A306
|
347
|
2023A347
|
|
225
|
2023A225
|
266
|
2023A266
|
307
|
2023A307
|
348
|
2023A348
|
|
226
|
2023A226
|
267
|
2023A267
|
308
|
2023A308
|
349
|
2023A349
|
|
227
|
2023A227
|
268
|
2023A268
|
309
|
2023A309
|
350
|
2023A350
|
|
228
|
2023A228
|
269
|
2023A269
|
310
|
2023A310
|
351
|
2023A351
|
|
229
|
2023A229
|
270
|
2023A270
|
311
|
2023A311
|
352
|
2023A352
|
|
230
|
2023A230
|
271
|
2023A271
|
312
|
2023A312
|
353
|
2023A353
|
|
231
|
2023A231
|
272
|
2023A272
|
313
|
2023A313
|
354
|
2023A354
|
|
232
|
2023A232
|
273
|
2023A273
|
314
|
2023A314
|
355
|
2023A355
|
|
233
|
2023A233
|
274
|
2023A274
|
315
|
2023A315
|
356
|
2023A356
|
|
234
|
2023A234
|
275
|
2023A275
|
316
|
2023A316
|
357
|
2023A357
|
|
235
|
2023A235
|
276
|
2023A276
|
317
|
2023A317
|
358
|
2023A358
|
|
236
|
2023A236
|
277
|
2023A277
|
318
|
2023A318
|
359
|
2023A359
|
|
237
|
2023A237
|
278
|
2023A278
|
319
|
2023A319
|
360
|
2023A360
|
|
238
|
2023A238
|
279
|
2023A279
|
320
|
2023A320
|
|
|
|
239
|
2023A239
|
280
|
2023A280
|
321
|
2023A321
|
|
|
|
240
|
2023A240
|
281
|
2023A281
|
322
|
2023A322
|
|
|
|
241
|
2023A241
|
282
|
2023A282
|
323
|
2023A323
|
|
|
Note: PHEAA, on behalf of the Company, has assigned a unique Student Loan Number to each Student Loan in the Data Files. The Student Loan Numbers referred to in this Exhibit are not the actual Student Loan Numbers.
Exhibit B
Portfolio Type Mapping
|
Per Screenshots
|
Portfolio Type per “PORTFOLIOTYPE” field in Data Files
|
|
AADTC
|
Academic Answer
|
|
AASC
|
Academic Answer
|
|
ALP2
|
Legacy TERI
|
|
CELN
|
Legacy TERI
|
|
HLTHLN
|
Legacy TERI
|
|
PEPLN
|
Legacy TERI
|
|
SCC060
|
Monogram
|
|
SCC084
|
Monogram
|
|
SCC120
|
Monogram
|
|
SCC180
|
Monogram
|
|
SCC240
|
Monogram
|
|
SCZ180
|
Monogram
|
|
SGB084
|
Monogram
|
|
SGB120
|
Monogram
|
|
SGB180
|
Monogram
|
|
TCC084
|
Monogram
|
|
TCC120
|
Monogram
|
|
TCC180
|
Monogram
|
|
TCZ180
|
Monogram
|
|
TFP084
|
Monogram
|
|
TFP120
|
Monogram
|
|
TFP180
|
Monogram
|
|
TGB084
|
Monogram
|
|
TGB120
|
Monogram
|
|
UFP084
|
Monogram
|
|
UFP120
|
Monogram
|
|
UFP180
|
Monogram
|
|
SCL180
|
PCON
|
|
SCL240
|
PCON
|
|
SCL300
|
PCON
|
Exhibit B (cont.)
Loan Status Mapping
|
Loan Status
per “LoanStatusDesc” field
in Data Files
|
Loan Status
per “LoanSubStatusDesc” field
in Data Files
|
Per Screenshots
|
|
In Repay
|
Claim Cancel
|
Repayment
|
|
In Repay
|
Claim Pending
|
Outsource - Fmc
|
|
In Repay
|
Claim Submit
|
Outsource - Fmc
|
|
In Repay
|
Current
|
Repayment
|
|
In Repay
|
Deferment
|
Deferment
|
|
In Repay
|
Forbearance
|
Forbearance
|
|
In Repay
|
Preclaim Submitted
|
Outsource - Fmc
|
|
In School
|
Current
|
In School
|
|
In Grace
|
Current
|
In Grace
|
Repayment Schedule Type Mapping
|
Repayment Schedule Type
per “REPAY_CD_EXT” field
in Data Files
|
Per Screenshot
|
|
DF
|
ST
|
|
IM
|
DM
|
|
IM
|
SM
|
|
IO
|
DI
|
|
IO
|
SI
|
|
DF
|
DF
|
|
DF
|
SF
|
Exhibit C
Exceptions
|
Selected
Student Loan
Number
|
Attribute
|
Per Data Files
|
Per Sources
|
|
45
|
Expected Payoff Date
|
6/12/2038
|
9/12/2038
|
|
48
|
Expected Payoff Date
|
10/13/2039
|
7/23/2013
|
|
143
|
Expected Payoff Date
|
9/8/2028
|
9/6/2028
|
|
148
|
Expected Payoff Date
|
6/1/2033
|
10/1/2038
|
|
191
|
Expected Payoff Date
|
3/1/2036
|
10/1/2038
|
|
206
|
Expected Payoff Date
|
10/25/2029
|
6/13/2028
|
|
243
|
Expected Payoff Date
|
1/7/2035
|
6/7/2032
|