PHEAA Releasing Aggregate Income-Driven Repayment Data Relating to Certain FFELP Student Loans
Harrisburg, PA (January 5, 2016)—The Pennsylvania Higher Education Assistance Agency (PHEAA) today announced that, it is publishing additional information on its website (www.pheaa.org/about/investor-information/index.shtml) relating to aggregate Deferment, Forbearance and Income-Driven Repayment data with respect to certain student loans owned and pledged as collateral for the repayment of certain bonds, notes or other debt issued either by PHEAA or by securitization trusts for which PHEAA was the sponsor.. In addition, PHEAA expects to begin including individual trust level data regarding outstanding bond and note balances, as well as Deferment, Forbearance and Income Driven Repayment data in the monthly/quarterly servicer reports posted to the website identified above.
The student loans for which such data is being reported were originated under the Federal Family Education Loan Program (FFELP). The provided aggregate level data is as of June 30, 2010 through June 30, 2015 with individual trust loan portfolio characteristics updated through September 30, 2015. This news release is for informational purposes only.