Loans Held for Investment (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans held for investment are summarized as follows:

	March 31,			December 31,
	2018			2017
Private Education Loans	$	18,794,012		$	17,432,167
Deferred origination costs and unamortized premium/(discount)	58,814			56,378
Allowance for loan losses	(252,103		)	(243,715		)
Total Private Education Loans, net	18,600,723			17,244,830
FFELP Loans	907,842			927,660
Deferred origination costs and unamortized premium/(discount)	2,566			2,631
Allowance for loan losses	(1,113		)	(1,132		)
Total FFELP Loans, net	909,295			929,159
Personal Loans	675,656			400,280
Deferred origination costs and unamortized premium/(discount)	(163		)	—
Allowance for loan losses	(18,907		)	(6,628		)
Total Personal Loans, net	656,586			393,652
Loans held for investment, net	$	20,166,604		$	18,567,641

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

	Three Months Ended
	March 31,
	2018				2017
	Average Balance		Weighted Average Interest Rate		Average Balance		Weighted Average Interest Rate
Private Education Loans	$	18,659,717	8.84	%	$	15,449,555	8.26	%
FFELP Loans	919,717		4.25		1,003,128		3.69
Personal Loans	528,644		10.64		35,830		9.16
Total portfolio	$	20,108,078			$	16,488,513

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

	Three Months Ended   March 31,
	2018				2017
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
TDR Loans	$	1,032,232	$	17,847	$	669,606	$	12,257