Student Loan Backed Reporting Mixed Deal FFELP Quarterly Distribution Report Issuer South Texas Higher Education Authority Deal Name 20131 Distribution D 4/1/2015 Collection Per Ending 02/28/15 Contact NameAdam Gonzalez Contact Numb9569713304 Contact Email agonzalez@costep.org Website www.sthea.org Notes/Bonds Group I (FFELP) Class CUSIP Rate Index Margin Auction Status Original Balance Beg Princ Bal Interest Accrual Principal Paid End Princ Bal ª % of Securities Maturity 20131 840555DB9 0.7545% 1 Mo Libor 0.60% N/A 104,300,000 85,972,578 53,529 2,756,679 83,215,900 100.00% December 3, 2029 Total 104,300,000 85,972,578 53,529 2,756,679 83,215,900 100.00% (a) Should include Principal Pmts in the current distribution month Portfolio Summary Weighted Average Payments Made Beg Balance Activity End Balance % of Pool W.A. Time until Repayment (months) (a) Principal Balance $87,643,703 ($2,561,606) $85,081,246 (should include grace period) Accrued Interest $2,753,884 ($138,653) $2,615,418 In School 0% 32 Total Pool Balance $90,397,587 ($2,700,258) $87,696,664 Grace 0% 4 Total Accounts Balance Deferment 11% 20 Total Trust Assets Forbearance 25% 3 W.A. Time in Repayment (months) Weighted Average Coupon (WAC) 4.90% 0.01% 4.91% Repayment 63% 50 Weighted Average Maturity (WAM) 153 (1.76) 151 Total Weighted Average Number of Loans 33,543 (1,507) 32,036 Number of Borrowers 6,758 (9) 6,749 Average Borrower Indebtedness $12,969 ($362) $12,606 Funds and Accounts Prefunding Account $ Capitalized Interest Account $ Reserve Account Prefunding Account (beginning) Capitalized Interest Account (beginning) Reserve Account (beginning) $ 500,000 Less loans acquired from prefunding Less releases Less releases Less amounts transferred to other accounts Less draws Less draws $ Plus investment earnings Plus investment earnings Plus investment earnings $ Prefunding Account (ending) Capitalized Interest Account (ending) Reserve Account (ending) $ 500,000 Capitalized Interest Account Requirement Reserve Account Requirement $ 500,000 Collection Fund $ 1,933,444 COI Account $ Total Accounts Balances $ 1,888,120 Ending Overcollateralization Amount Specified Overcollateralization Requirement (no Trigger) (a) footnotes
Student Loan Backed Reporting Mixed Deal FFELP Quarterly Distribution Report Issuer South Texas Higher Education Authority Deal Name 20131 Distribution D 4/1/2015 Collection Per Ending 02/28/15 Contact NameAdam Gonzalez Contact Numb9569713304 Contact Email agonzalez@costep.org Website www.sthea.org Balance Sheet and Parity as of 02/28/15 CPR (constant pmt rate) Beg Balance Activity End Balance $ % Assets Current $1,356,645 6.27% Loans Receivable 87,643,703 (2,562,457) 85,081,246 Lifetime $8,586,796 6.34% Accrued Interest Receivable on Loans 2,753,884 (138,466) 2,615,418 (a) Since August 31, 2013 Accrued Interest on Investment 262 (115) 147 Special Allowance (191,239) 10,346 (180,893) Accrued Interest Subsidy Payments 58,844 (4,839) 54,005 Total Accounts/Funds Balance 4,938,120 (1,754,676) 3,183,444 Payments received and not credited to Trustee 230,248 (90,684) 139,564 Less: Principal payment on distribution date 03/02/15 (2,914,959) 1,830,707 (1,084,252) Less: Interest payment on distribution date 03/02/15 (52,314) 1,768 (50,546) Total Assets $ 92,466,549 (2,708,417) $ 89,758,132 Servicer Balance Liabilities Balance % of Portfolio # of Loans Clms Outstading Bonds Payable 88,887,538 (4,587,386) 84,300,152 COSTEP $85,081,246 100.00% 32,036 675,548 Accrued Interest on Bonds 52,314 (3,574) 48,740 Accrued and unpaid operating expenses 180,842 (28,247) 152,595 Less: Principal payment on distribution date 03/02/15 (2,914,959) 1,830,707 (1,084,252) Less: Interest payment on distribution date 03/02/15 (52,314) 1,768 (50,546) Total Liabilities $ 86,153,421 (2,786,732) $ 83,366,689 Total Senior Parity % Junior Sub Parity % Total Parity % 107.33% 107.67% Portfolio by Loan Status # of Loans Balance % of Balance WAC WARM In School 260 222 409,923 348,319 0.5% 0.4% 5.65% 5.48% 151 148 Grace 31 38 69,657 61,603 0.1% 0.1% 5.51% 6.58% 121 122 Repayment Current 16,677 16,805 44,704,220 44,684,145 51.0% 52.5% 4.94% 4.95% 150 147 3160 Days Delinquent 1,301 1,241 3,835,179 3,460,373 4.4% 4.1% 4.89% 4.93% 158 150 6190 Days Delinquent 649 312 1,894,630 1,108,991 2.2% 1.3% 4.80% 5.63% 150 154 91120 Days Delinquent 427 248 1,330,515 963,344 1.5% 1.1% 4.96% 5.32% 148 173 121180 Days Delinquent 634 350 1,627,311 1,336,607 1.9% 1.6% 5.11% 5.27% 147 178 181270 Days Delinquent 532 590 1,303,992 1,444,177 1.5% 1.7% 4.86% 5.02% 125 137 Total Repayment 20,220 19,546 54,695,848 52,997,636 62.4% 62.3% 4.93% 4.98% 150 149 Forbearance 7,813 7,558 20,941,147 21,550,077 23.9% 25.3% 4.98% 4.98% 160 158 Deferment 4,540 4,280 10,201,954 9,448,062 11.6% 11.1% 4.52% 4.44% 160 155 Claims 679 392 1,325,175 675,548 1.5% 0.8% 5.19% 3.79% 128 97 Total Portfolio 33,543 32,036 87,643,703 85,081,246 100.0% 100.0% 4.90% 4.91% 153 151 0 (0) 0.00% (0.0)
Student Loan Backed Reporting Mixed Deal FFELP Quarterly Distribution Report Issuer South Texas Higher Education Authority Deal Name 20131 Distribution D 4/1/2015 Collection Per Ending 02/28/15 Contact NameAdam Gonzalez Contact Numb9569713304 Contact Email agonzalez@costep.org Website www.sthea.org Delinquency Status # of Loans Balance % of Balance WAC WARM Current 16,677 16,805 44,704,220 44,684,145 81.7% 84.3% 4.94% 4.95% 150 147 3160 Days Delinquent 1,301 1,241 3,835,179 3,460,373 7.0% 6.5% 4.89% 4.93% 158 150 6190 Days Delinquent 649 312 1,894,630 1,108,991 3.5% 2.1% 4.80% 5.63% 150 154 91120 Days Delinquent 427 248 1,330,515 963,344 2.4% 1.8% 4.96% 5.32% 148 173 121180 Days Delinquent 634 350 1,627,311 1,336,607 3.0% 2.5% 5.11% 5.27% 147 178 181270 Days Delinquent 532 590 1,303,992 1,444,177 2.4% 2.7% 4.86% 5.02% 125 137 Total Portfolio 20,220 19,546 54,695,848 52,997,636 100.0% 100.0% 4.93% 4.98% 150 149 Portfolio by Loan Type # of Loans Balance % of Balance WAC WARM Consolidation Loans 3,532 3,446 45,484,540 44,802,931 51.9% 52.7% 5.53% 5.54% 197 192 Subsidized Stafford Loans 20,321 19,373 25,550,329 24,409,764 29.2% 28.7% 4.16% 4.15% 102 102 Unsubsidized Stafford Loans 9,477 9,018 16,098,634 15,373,493 18.4% 18.1% 4.29% 4.29% 112 112 PLUS Loans 175 165 428,973 418,209 0.5% 0.5% 5.91% 5.91% 82 81 Other Loans 38 34 81,228 76,849 0.1% 0.1% 3.42% 3.41% 94 101 Total Balance 33,543 32,036 87,643,703 85,081,246 100.0% 100.0% 4.90% 4.91% 153 151 Portfolio by School Type # of Loans Balance % of Balance WAC WARM 4 Year Public 19,690 18,735 35,890,877 34,546,361 41.0% 40.6% 4.61% 4.61% 129 128 4 Year Private 2,403 2,275 4,989,715 4,845,123 5.7% 5.7% 4.65% 4.67% 137 135 2 Year Public 4,903 4,670 7,301,048 7,109,417 8.3% 8.4% 4.20% 4.22% 118 118 2 Year Private 10 4 2,281 2,791 0.0% 0.0% 4.69% 2.33% 24 26 Proprietary 2,681 2,652 4,635,108 4,715,226 5.3% 5.5% 4.18% 4.21% 135 137 Other Loans 3,856 3,700 34,824,674 33,862,327 39.7% 39.8% 5.49% 5.49% 190 186 Total Balance 33,543 32,036 87,643,703 85,081,246 100.0% 100.0% 4.90% 4.91% 153 151 Proprietary loans shown individually beginning 8/31/2013, previously included as private (2 and 4 year) and other SAP Indices Balance % of Total Margin Beginning Ending Beginning Ending TBill Loans 12,105,114 11,952,894 13.8% 14.0% 3.05% LIBOR Loans 75,538,589 73,128,352 86.2% 86.0% 2.42% Other Loans 0.0% 0.0% N/A Total Pool Balance 87,643,703 85,081,246 100.0% 100.0%
Student Loan Backed Reporting Mixed Deal Monitoring Waterfall and Collections Deal Name 20131 Distribution Date 4/1/2015 Collection Period Ending 02/28/15 Collection Activity Cash Inflows Available to be Distributed 4/1/2015 Fees Due for Current Period Period Ending 4/1/2015 Indenture Trustee Fees Interest Collections Custodial Fees Regular Interest Collections 154,598.79 Paying Agent Fees Reimbursement by Guarantor Registrar Fees Servicing Fees 40,578.68 Principal Collections Administration Fees 35,450.52 Regular principal Payments 1,142,680.68 Late Fees Reimbursement by Guarantor Other Fees Total Fees 76,029.20 Government Interest and Special Allowance Derivative Payments (to the issuer) Cumulative Default Rate As of 4/1/2015 Investment Income 147.16 Claims Filed $ 833,828.99 Draws from Reserve Claims > 390 days delinquent 1,319.54 Claims Rejected 24,223.81 Other (please specify) Default Claims paid during the quarter 651,183.26 Temporary Collection 750,000.00 Cumulative Default Claims Paid (Beg 06/12/2013) 9,384,735.98 Operating Expenses (295,161.78) (a) Including loans originated through prefunding and recycling Total Available Funds 1,752,264.85
Student Loan Backed Reporting Mixed Deal Monitoring Waterfall and Collections Deal Name 20131 Distribution Date 4/1/2015 Collection Period Ending 02/28/15 Waterfall Activity Waterfall for Distribution (in accordance with Transaction specific documents) Amount Due Amount Remaining Total Available Funds 1,752,264.85 First: Fees, Expenses and Allowances 76,029.20 1,676,235.65 Second: Interest Distribution on Senior Notes or Obligations 53,528.63 1,622,707.02 Third: Payment of any Senior notes Maturing on current Payment Date Fourth: Payment of Interest on Class B Notes (unless Interest Trigger in effect) Fifth: Principal Distribution on Senior Notes or Obligations 745,258.03 877,448.99 Sixth: Payment of Subordinate, Class B Notes Principal Maturing on current Payment Date Seventh: Payment to Capitalized Interest Account if necessary to increase to minimum required Eight: To the Certificate Holders any Remaining Amount
South Texas Higher Education Authority 20131 Series Balance Sheet February 28, 2015 Unaudited Assets Current Assets: Cash and Cash Equivalents $ 3,315,934 Investments Investment interest receivable 147 Student loan interest receivable 2,669,423 Due from Servicing Agent/Interfund 139,564 Other Current Assets 3,983 Total Current Assets 6,129,050 Noncurrent Assets: Student Loan Notes Receivables $ 84,405,698 Claims Receivables 675,548 Reserve for Losses on Notes (147,715) Other Assets 7,065 Total Noncurrent Assets 84,940,596 Total Assets $ 91,069,646 Liabilities Current liabilities: Accrued Interest Payables $ 48,740 Interfund Payable/Receivable Clearing Special Allowance Payables 180,893 Accounts Payables 152,595 Loan Payables Total Current Liabilities 382,229 Noncurrent liabilities: Bonds Payable 84,300,152 Total Noncurrent Liabilities 84,300,152 Total Liabilities 84,682,380 Deferred Inflows of Resources: Deferred Debit on Discounts 450,375 Net Position: Restricted 5,936,890 Unrestricted Total Net Position $ 5,936,890