Chase Education Loan Trust 2007-AC
Quarterly Servicing Report
Distribution Date 12/28/2020
Collection Period 09/01/2020 - 11/30/2020
Collegiate Funding of Delaware LLC -
Depositor
Navient Solutions -
Servicer and Administrator
Deutsche Bank Trust Company Americas -
Indenture Trustee
Deal Parameters I.
A Student Loan Portfolio Characteristics 08/31/2020 11/30/2020
Pool Balance $ 263,705,742.08 $ 255,216,183.59
Principal Balance $ 262,577,484.33 $ 254,329,596.94
Interest to be Capitalized Balance $ 1,128,257.75 $ 886,586.65
Capitalized Interest Account Balance $ - $ -
(1)
Adjusted Pool $ 263,705,742.08 $ 255,216,183.59
Weighted Average Coupon (WAC) 5.68% 5.68%
Weighted Average Remaining Term 147.71 149.53
Number of Loans 27,060 25,759
Number of Borrowers 15,641 14,866
Specified Reserve Account Balance - N/A - N/A
-Add-on Consolidation Loan Account Balance $ - $ -
$ - $ -
Aggregate Outstanding Principal Balance - Tbill
Aggregate Outstanding Principal Balance - LIBOR $ 263,705,742.08 $ 255,216,183.59
Since Issued Constant Prepayment Rate 3.65% 3.46%
Pool Factor 0.225758692 0.218490774
Debt Securities Cusip/Isin
B 09/28/2020 12/28/2020 $ 241,690,922.53 $ 249,845,536.15 16151UAD8 A4 $ 13,525,261.06 $ 13,981,601.24 16151UAG1 B C Account Balances 09/28/2020 12/28/2020
Collection Fund Balance
$ - $ 1,770,567.00 $ -
Capitalized Interest Account Balance
Reserve Account Balance $ 1,770,567.00
$ - $ -
Add-on Consolidation Loan Account
D Asset / Liability
$ 9,734,805.49 Total Principal Receipts
- Other Principal Deposits
- Rejected Claim Repurchased Principal
(68.04) Servicer Principal Reimbursement
- Seller Principal Reimbursement
1,678,769.27 Consolidation Activity Principal
1,236,238.65 Guarantor Principal
6,819,865.61 Borrower Principal
Student Loan Principal Receipts
A
$ -
H Initial Deposits to Collection Account
$ - Loan Sale or Purchase Proceeds
G
$ - Funds Repaid from Prior Collection Period
F
$ - Funds Borrowed from Next Collection Period
E
$ 729.53
D Investment Income
$ - Reserves in Excess of Requirement
C
$ 2,362,396.15 Total Interest Receipts
23,590.33 Other Interest Deposits
0.00 Rejected Claim Repurchased Interest
(6.01) Servicer Interest Reimbursement
0.00 Seller Interest Reimbursement
151,051.95 Interest Subsidy Payments
26,727.51 Special Allowance Payments
72,189.79 Consolidation Activity Interest
63,674.11 Guarantor Interest
2,025,168.47 Borrower Interest
Student Loan Interest Receipts
B
$ -
I Excess Transferred from Other Accounts
$ - Other Deposits
J
Servicer Advances for Borrower Benefits
K $ -
Funds Transferred from Borrower Benefit Account
M $ -
$ - Funds Released from Capitalized Interest Account
L
Less: Funds Previously Remitted:
N
Trust Activity 09/01/2020 through 11/30/2020 II.
11/30/2020 08/31/2020
Wtd Avg
Coupon # Loans Principal % of Principal
Wtd Avg
Coupon # Loans Principal % of Principal
INTERIM: DEFERMENT 5.79% 951 $10,733,017.67 4.220% 5.76% 1,052 $11,756,599.25 4.477% REPAYMENT: CURRENT 5.61% 22,144 $201,832,348.27 79.359% 5.62% 23,229 $207,537,762.98 79.039% 31-60 DAYS DELINQUENT 5.91% 394 $5,056,163.17 1.988% 6.11% 386 $5,059,209.18 1.927% 61-90 DAYS DELINQUENT 5.96% 226 $3,021,121.87 1.188% 5.93% 169 $2,224,384.68 0.847% 91-120 DAYS DELINQUENT 6.06% 140 $2,273,437.92 0.894% 5.63% 79 $933,999.02 0.356% > 120 DAYS DELINQUENT 6.15% 254 $3,102,957.03 1.220% 6.37% 210 $2,457,502.44 0.936% FORBEARANCE 5.93% 1,584 $27,666,187.34 10.878% 5.90% 1,874 $31,653,730.92 12.055% CLAIMS IN PROCESS 5.78% 66 $644,363.67 0.253% 6.61% 61 $954,295.86 0.363% TOTAL 25,759 $254,329,596.94 100.00% 27,060 $262,577,484.33 100.00%
III. 2007-A Portfolio Characteristics
IV. 2007-A Portfolio Characteristics (cont'd)
11/30/2020 08/31/2020
Pool Balance
Outstanding Borrower Accrued Interest Borrower Accrued Interest to be Capitalized Borrower Accrued Interest >30 Days Delinquent Total # Loans
Total # Borrowers Weighted Average Coupon Weighted Average Remaining Term m
Non-Reimbursable Losses
Cumulative Non-Reimbursable Losses Since Issued Constant Prepayment Rate (CPR) Loan Substitutions
Cumulative Loan Substitutions Rejected Claim Repurchases
Cumulative Rejected Claim Repurchases Unpaid Primary Servicing Fees Unpaid Administration Fees Unpaid Carryover Servicing Fees Note Principal Shortfall Note Interest Shortfall Unpaid Interest Carryover
Non-Cash Principal Activity - Capitalized Interest Borrower Interest Accrued
Interest Subsidy Payments Accrued Special Allowance Payments Accrued
Weighted Average Coupon
A LOAN TYPE # LOANS $ AMOUNT % *
0.00% 0 - 0.000% 0.00% 0 - 0.000% 0.00% 0 - 0.000% 0.00% 0 - 0.000% - Consolidation Loans 5.68% 25,759 254,329,596.94 100.000% 5.68% 25,759 $ 254,329,596.94 100.000% Total SCHOOL TYPE B # LOANS $ AMOUNT % * Weighted Average Coupon Total - Other - Technical - Two Year - Four Year 0.00% 0.00% 0.00% 5.68% 5.68% 0 0 0 25,759 25,759 - - - 254,329,596.94 $ 254,329,596.94 0.000% 0.000% 0.000% 100.000% 100.000%
*Percentages may not total 100% due to rounding.
- GSL - Unsubsidized - GSL(1)- Subsidized Loans (2) - PLUS Loans (3) - SLS
2007-A Portfolio Statistics by School and Program V.
Supplemental Loans to Students. The Unsubsidized Stafford Loan program replaced the SLS program on July 1, 1994.
(3)
Parent Loans for Undergraduate Students
(2)
Guaranteed Stafford Loan
VI. 2007-A Waterfall for Distributions
Remaining Funds Balance Total Available Funds
Paid
$ 9,378,586.57 $ 45,505.00
Fees - Master Servicer, Indenture Trustee and Delaware Trustee (Quartlery Dist. Date) C
B
A Total Available Funds $ 9,424,091.57
$ - $ 509,246.45
L
Remaining Amounts to Certificateholder
$ 509,246.45 $ -
K
LARS Quarterly Payment J
$ 509,246.45 $ -
I
Reserve Account Reinstatement
$ 509,246.45 $ 456,340.18
H
Class B Noteholders' Principal Distribution Amount
$ - $ 8,154,613.62 $ - $ - $ - $ 8,154,613.62 $ 965,586.63 $ 8,154,613.62
Total Class A Noteholders' Principal Distribution Amount
Class A-5 Notes v.
Class A-4 Notes iv.
Class A-3 Notes iii.
Class A-2 Notes ii.
Class A-1 Notes i.
Class A Noteholders' Principal Distribution Amount G
$ 9,120,200.25 $ 16,018.93
Class B Noteholders' Interest Distribution Amount F
$ 210,465.37 Total Class A Noteholders' Interest Distribution Amount
$ - $ 210,465.37 $ - $ - $ - v. iv. iii. ii.
Class A-5 Notes Class A-4 Notes Class A-3 Notes Class A-2 Notes i. Class A-1 Notes
$ 9,136,219.18 $ 210,465.37
Class A Noteholders' Interest Distribution Amount E
$ 9,346,684.55 $ 31,902.02
Trigger Events VII.
** The Stepdown Date is the earlier of (1) 09/30/2013 or (2) the first date on which no class A notes remain outstanding.
N
Note Balance Trigger Event Exists (i>ii) iii
$ 255,216,183.59 Adjusted Pool Balance
ii
$ 241,690,922.53 Class A Notes Outstanding (after application of available funds)
i
Note Balance Trigger
B
Y
A Has the Stepdown Date Occurred?**
Other Waterfall Triggers
C
Student Loan Principal Outstanding $ 254,329,596.94
i
Interest Subsidy Payments Accrued
iii $ 150,136.79
Special Allowance Payments Accrued
iv $ 27,435.00
Add-On Account Balance
vi $ -
Reserve Account Balance (after any reinstatement) $ 1,770,567.00
vii
Total $ 259,669,047.49
viii
Less: Specified Reserve Account Balance $(1,770,567.00)
ix
Total $ 257,898,480.49
x
Class A Notes Outstanding (after application of available funds) $ 241,690,922.53
xi
Insolvency Event or Event of Default Under Indenture N
xii
$ - Capitalized Interest Account Balance
v
Available Funds Applied to Class A Noteholders’ Distribution Amount Before Any Amounts are Applied to the Class B Noteholders’ Distribution Amount (xi > x or xii=Y)
N xiii
* Pay rates for Current Distribution. For the interest rates applicable to the next distribution date, please see https://www.navient.com/about/investors/data/abrate.txt. VIII. 2007-A Distributions
Ending Balance Factor
0.012434337 0.029439038
Paydown Factor
$ 13,525,261.06 $ 241,690,922.53
Ending Principal Balance
$ 456,340.18 $8,154,613.62 Principal Paid $ - $ - Interest Shortfall $ 16,018.93 $ 210,465.37 Interest Paid $ 16,018.93 $ 210,465.37
Total Interest Due
$ - $ -
Interest Shortfall from Prior Period Plus Accrued Interest
$ 16,018.93 $ 210,465.37
Current Interest Due
0.001145715 0.000842382
Accrued Interest Factor
0.45325% 0.33325% Interest Rate* 0.25277778 0.25277778 Daycount Fraction 12/28/2020 12/28/2020
Accrual Period End
9/28/2020 9/28/2020
Accrual Period Begin
1 NEW YORK BUSINESS DAY 1 NEW YORK BUSINESS DAY
Record Date (Days Prior to Distribution)
IX. 2007-A Reconciliations
Ending Reserve Account Balance $ 1,770,567.00
Release to Collection Account $ -
Reserve Account Reconciliation
B
Beginning Period Balance $ 1,770,567.00
Reserve Funds Utilized $ -
$ - Reserve Funds Reinstated
Balance Available $ 1,770,567.00
Required Reserve Acct Balance $ 1,770,567.00
A Principal Distribution Reconciliation
$ 263,705,742.08 Prior Adjusted Pool Balance
Current Adjusted Pool Balance $ 255,216,183.59
Current Principal Due $ 8,489,558.49
Principal Shortfall from Previous Collection Period $ 121,395.31
Principal Distribution Amount
$ - Principal Shortfall
$ 8,610,953.80 Principal Paid
