Collegiate Funding Services Education Loan Trust 2003-a Inactive
Filed: 14 Aug 03, 12:00am
EXHIBIT 20.1
Collegiate Funding Services Education Loan Trust 2003-A
Statement to Note Holders As of and for the period ended: 07/31/03
Pursuant to section 4.15(c) of the Trust Indenture, the following is provided to the trustee by the issuer. The information shown below has not been independently verified, however is believed to be accurate to the best of the issuer’s knowledge.
(i) The amount of principal payments made with respect to each class of Notes during June, 2003:
Class Principal Paid
A-1 $0.00
A-2 $0.00
A-3 $0.00
A-4 $0.00
A-5 $0.00
A-6 $0.00
B $0.00
(ii) The amount of interest payments made with respect to each class of Notes
during July, 2003:
Class Interest Paid
A-1 $0.00
A-2 $0.00
A-3 $103,695.67
A-4 $130,919.03
A-5 $55,300.00
A-6 $52,995.83
B $51,784.64
(iii) The aggregate principal balance of the Financed Eligible Loans as of the close of business on July 31, 2003:
Principal Balance of Financed Eligible Loans $776,949,406.88
(iv) The aggregate outstanding principal amount of each class of Notes:
Class Principal Outstanding
A-1 $111,434,708.37
A-2 $319,025,000.00
A-3 $116,950,000.00
A-4 $116,950,000.00
A-5 $59,250,000.00
A-6 $59,250,000.00
B $42,350,000.00
Total $825,209,708.37
(v) The interest rate for each class of Notes at July 31, 2003 and the next Distribution Date for each class:
Class Interest Rate Next Distribution Date
A-1 1.160% 9/29/03
A-2 1.400% 9/29/03
A-3 1.080% 8/22/03
A-4 1.110% 8/01/03
A-5 1.100% 8/12/03
A-6 1.070% 8/19/03
B 1.190% 8/01/03
(vi) The number and principal amount of Financed Eligible Loans that are delinquent or for which claims have been filed with a Guarantee Agency:
% of Total Principal
Delinquencies Number of Loans Principal Outstanding Outstanding
31-60 Days 908 $17,619,144.97 2.27%
61-90 Days 465 9,300,452.07 1.20%
91-120 Days 142 2,590,587.57 0.33%
121-150 Days 163 3,177,913.75 0.41%
151-180 Days 149 2,521,994.60 0.32%
181-210 Days 93 2,019,966.86 0.26%
211-240 Days 49 894,534.38 0.12%
Claims Pending 105 2,201,141.91 0.28%
Claims Filed 39 756,741.83 0.10%
(vii) The total value of the Trust and outstanding principal amount of the Notes as of the close of business on July 31, 2003:
Assets
Cash & Cash Equivalents $13,444,959.86
Student Loan Receivables $776,949,406.88
Reserves $8,252,097.08
Accrued Interest Receivable $6,001,452.88
Other Assets $3,771,312.17
Total Assets $808,419,228.87
Liabilities
Notes Payable
Class A-1 $111,434,708.37
Class A-2 $319,025,000.00
Class A-3 $116,950,000.00
Class A-4 $116,950,000.00
Class A-5 $59,250,000.00
Class A-6 $59,250,000.00
Class B $42,350,000.00
Total Notes Outstanding $825,209,708.37
Other Liabilities $5,836,038.17