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Claims Denied
# of Loans BeginningEnding% of BalanceTotal PortfolioBalancePortfolio by School TypeTotal%Monthly/Quarterly Distribution ReportOvercollateralization Amount3Specified Overcollateralization Amount (no Trigger)Balance Sheet and ParityAssets Loans ReceivableLiabilities Bonds PayableTotal Liabilities( Accrued Interest Receivable on LoansMaturity
Total BalanceAverage Borrower IndebtednessRate# Accrued Interest on Senior Bonds Total Liabilities and Net Assets
Balance SheetProprietary Total Balance$Monitoring Waterfall and CollectionsCollection PeriodCollection Activity$Principal and Interest DistributionsCollection Amount ReceivedInterest Shortfall
RecoveriesInterest Carryover DueInterest Carryover PaidInterest CarryoverTotal Distribution AmountInvestment Income%Other Amounts Received in Collection Total Available FundsWaterfall ActivityWaterfall for Distribution
Amount DueAmount Remaining
Contact EmailDelinquency Status"Distribution by FICO Credit Scores
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As of DateBal after WaterfallCumulative Default Rate Cumulative Default Rate 30-59 Days Delinquent 60-89 Days Delinquent 90-119 Days Delinqent 150-179 Days Delinquent 120-149 Days Delinquent 180-209 Days Delinquent 210-239 Days Delinquent4 Year2 YearForeign
VocationalOther / UnknownRefunds Due&深夜福利 Cash and Equivalents Revenue Loan Acquisition Total Cash and Equivalents Receivables Investment Interest Student Loans Allowance for Bad Debt Contra SLR - Alt Fees" Deferred Subsidized Fees Student Loan Interest Total Receivables Other Assets Def Bond Issuance, Net Prepaid Expenses Total Other AssetsLiabilities and Net Assets Liabilities Senior Bonds Payable Bond Interest Payable" VT Value Rebates Payable% Accrued Yield - US Treasury' Accrued Rebates - US Treasury+ Due To US Department of Education! Due To/From Other Funds Total Liabilities Net Assets' Restricted by Bond Resolution Total Net Assets@Cumulative Recoveries (including reimbursements and collections) Payments from Guarantor Borrower Recoveries
Recovery RateCumulative Net LossTotal Fees and Program ExpensesBorrower Payments) Current Period Defaults and Write-offs% Cumulative Defaults and Write-offs
Other FeesD Loans for which claims have been filed as of Distribution Datewww.vsac.orgAccrued Interest CarryoverExempt
IRS Status2010A-192428C FQ 292428C FR 092428C FS 892428C FT 692428C FU 392428C FV 192428C FW 992428C FX 792428C FY 592428C FZ 292428C GA 692428C GB 4 PrincipalIn School DeferredInterest Only RepaymentNotes/Bonds-Student Loan Backed Reporting - Private LoansRevenue Fund&Available Funds at Beginning of PeriodeSecond: To the Operating Fund for payment of Servicing and Administrative Fees and Indenture Expenses2Third: To the Debt Service Fund - Interest Account$Debt Service Fund - Interest Account%Debt Service Fund - Principal Account&Debt Service Fund - Retirement AccountDebt Service Reserve Fund4Fourth: To the Debt Service Fund - Principal AccountFFirst: To the Rebate Fund for Rebate or Excess Earnings Tax ComplianceiFifth: To the Debt Service Reserve Fund if necessary to restore the Debt Service Reserve Fund RequirementEServicing Fees, Indenture and Program Expenses Due for Current PeriodIndenture Expenses<�Sixth: To the Operating Fund for payment of Program ExpensesISeventh: To the Student Loan Fund during any applicable Recycling PeriodTEighth: To the Debt Service Retirement Account (after any Recycling Period end date)_Ninth: Released to the Corporation if Senior Parity Percentage conditions are met after release!Servicing and Administrative FeesProgram Expenses2010 A Indenture2010 A Debt Service Reserve Cap Int! Debt Service - Interest" Debt Service - Principal
FIB
SAP Bond Premium/Discount Notes Payable Revenue Account" Loan Acquisition Account Cap Interest Account& Debt Service Reserve Account) Debt Service Account - Interest* Debt Service Account - Principal! Accrued Interest on Investment Deferred Bond Issuance Costs Total Accounts/Funds Balance Prepaid Expenses Allowance for Bad Debt Unearned Student Loan Fees Bond Discount/Premium Due To/From other FundsTotal Repayment (a)investorrelations@vsac.org 1-29 Days Delinquent 240-269 Days Delinquent 270+ Days Delinquent Portfolio by Current Loan StatusSemi-Annual Interest DueSemi-Annual Interest Paid 650 - 699 700 - 749 750 - 799
2010A-1 TrustQuarterly Income StatementBond Direct Contribution Revenue# Federal Interest Benefits$ Special Allowance Payments! Interest on Investments) Interest and Fees/Student Loans Other Income Total Revenue Bond Expenses Bond/Note Interest/ Amortization of Bond Discount/Premium, Lender Fees and Consolidation Fees! SAP Int Returned to DOE! VT Value Rebate Expense& Fees Paid on Borrower Behalf! Yield Exp - US Treasury Yield Analysis" Rebate Exp - US Treasury Rebate Analysis Bad Debt Expense Credit Enhancement Auction Agent Remarketing Trustee Fees Total Interest ExpensesTotal Direct ContributionAdministrative Expense Salaries and Benefits! Other General and Admin$ Other Loan Finance Expense' Amortization of Bond Issuance! Subsidy Transfer to OpsTotal Administrative TransfersBEGINNING NET ASSETSNET SURPLUS/(DEFICIT)ENDING NET ASSETSPortfolio Interest RatesFixed Rate LoansForbearanceInterim/Grace(a)
2Interim/Grace status loans are not fully disbursedSemi-Annual Interest AccruedSenior Parity % (a)Total Parity % (a) Rating Agency FeesNParity calculation excludes non-cash items as outlined in the Master IndenturebIncludes loans in Repayment, Interest Only Repayment, or Reduced Payment plans, net of Refunds DueWeighted Average Payments MadeW.A. Time until (a) % of PoolConversion to Repayment
In Schoolmonths GraceTotal Not ConvertedW.A. Time sinceClaim FiledTotal Converted=W.A. Time until Conversion to Repayment includes Grace period!Student Loans Receivable ActivityBeginning Balance
Interest CapsClaim PaymentsConsolidation Payments
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3/31/20124/1/12 - 6/30/12Collateral Pool Characteristics
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