|
Page 1 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
I.
|
Deal Parameters
|
| A |
Student Loan Portfolio Characteristics
|
04/23/2015
|
05/31/2026
|
06/30/2026
|
|||||||||
|
Principal Balance
|
$
|
956,903,546.95
|
$
|
223,308,369.72
|
$
|
221,082,530.94
|
|||||||
|
Interest to be Capitalized Balance
|
10,666,273.62
|
2,737,330.86
|
2,678,073.25
|
||||||||||
|
Pool Balance
|
$
|
967,569,820.57
|
$
|
226,045,700.58
|
$
|
223,760,604.19
|
|||||||
|
Specified Reserve Account Balance
|
5,000,196.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool (1)
|
$
|
972,570,016.57
|
$
|
226,045,700.58
|
$
|
223,760,604.19
|
|||||||
|
Weighted Average Coupon (WAC)
|
5.50%
|
|
6.88%
|
|
6.88%
|
|
|||||||
|
Number of Loans
|
225,496
|
35,161
|
34,730
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
5,476,528.52
|
$
|
5,443,022.20
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
220,569,172.06
|
$
|
218,317,581.99
|
|||||||||
|
Pool Factor
|
0.226036845
|
0.223751838
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
(38.23)%
|
|
(39.09)%
|
|
|||||||||
| (1) |
The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than or equal to 40% of the original pool.
|
|
B
|
Debt Securities
|
Cusip/Isin
|
06/25/2026
|
07/27/2026
|
||||||
|
A3
|
63939GAC2
|
$
|
196,285,243.57
|
$
|
194,022,998.15
|
|||||
|
B
|
63939GAD0
|
$
|
27,500,000.00
|
$
|
27,500,000.00
|
|||||
|
C
|
Account Balances
|
06/25/2026
|
07/27/2026
|
|||||
|
Reserve Account Balance
|
$
|
1,000,039.00
|
$
|
1,000,039.00
|
||||
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
Floor Income Rebate Account
|
$
|
140,976.25
|
$
|
279,049.81
|
||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability |
06/25/2026 | 07/27/2026 | |||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
226,045,700.58
|
$
|
223,760,604.19
|
||||
|
Total Notes
|
$
|
223,785,243.57
|
$
|
221,522,998.15
|
||||
|
Difference
|
$
|
2,260,457.01
|
$
|
2,237,606.04
|
||||
|
Parity Ratio
|
1.01010
|
1.01010
|
||||||
|
Page 2 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
II.
|
Trust Activity 06/01/2026 through 06/30/2026
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
470,660.80
|
||||
|
Guarantor Principal
|
1,534,396.81
|
||||
|
Consolidation Activity Principal
|
983,082.49
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,988,140.10
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
281,783.20
|
||||
|
Guarantor Interest
|
65,559.70
|
||||
|
Consolidation Activity Interest
|
24,697.49
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
0.00
|
|
|||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
17,628.48
|
||||
|
Total Interest Receipts
|
$
|
389,668.87
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
13,597.45
|
||
|
E
|
Funds Borrowed from Next Collection Period
|
-
|
|||
|
F
|
Funds Repaid from Prior Collection Period
|
-
|
|||
|
G
|
Loan Sale or Purchase Proceeds
|
-
|
|||
|
H
|
Initial Deposits to Collection Account
|
-
|
|||
|
I
|
Excess Transferred from Other Accounts
|
-
|
|||
|
J
|
Other Deposits
|
-
|
|||
|
K
|
Funds Released from Capitalized Interest Account
|
-
|
|||
|
L
|
Less: Funds Previously Remitted:
|
||||
|
Servicing Fees to Servicer
|
-
|
||||
|
Consolidation Loan Rebate Fees to Dept. of Education
|
-
|
||||
|
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(138,073.56)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
3,253,332.86
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(762,301.32)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
35,219.88
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
III.
|
2015-2 Portfolio Characteristics
|
|
06/30/2026
|
05/31/2026
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.54%
|
|
9
|
$
|
31,069.00
|
0.014%
|
|
6.54%
|
|
9
|
$
|
31,069.00
|
0.014%
|
|
||||||||||||||||||
|
GRACE
|
0.00%
|
|
0
|
-
|
0.000%
|
|
6.80%
|
|
4
|
$
|
34,560.00
|
0.015%
|
|
||||||||||||||||||||
|
DEFERMENT
|
6.55%
|
|
2,145
|
$
|
12,382,030.40
|
5.601%
|
|
6.60%
|
|
2,116
|
$
|
12,176,202.20
|
5.453%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.90%
|
|
23,414
|
$
|
141,538,247.65
|
64.021%
|
|
6.90%
|
|
23,862
|
$
|
143,579,420.45
|
64.296%
|
|
||||||||||||||||||
|
31-60 DAYS DELINQUENT
|
6.91%
|
|
1,302
|
$
|
9,733,156.36
|
4.402%
|
|
6.93%
|
|
1,190
|
$
|
9,530,472.56
|
4.268%
|
|
|||||||||||||||||||
|
61-90 DAYS DELINQUENT
|
6.94%
|
|
829
|
$
|
6,584,742.24
|
2.978%
|
|
6.78%
|
|
757
|
$
|
4,952,912.57
|
2.218%
|
|
|||||||||||||||||||
|
91-120 DAYS DELINQUENT
|
6.73%
|
|
542
|
$
|
3,611,053.40
|
1.633%
|
|
6.81%
|
|
488
|
$
|
3,818,969.06
|
1.710%
|
|
|||||||||||||||||||
|
> 120 DAYS DELINQUENT
|
6.91%
|
|
1,749
|
$
|
13,099,760.10
|
5.925%
|
|
6.90%
|
|
1,882
|
$
|
13,700,897.40
|
6.135%
|
|
|||||||||||||||||||
|
|
FORBEARANCE |
6.90%
|
|
4,395
|
$
|
31,852,936.23
|
14.408%
|
|
6.91%
|
|
4,452
|
$
|
32,571,798.16
|
14.586%
|
|
||||||||||||||||||
|
CLAIMS IN PROCESS
|
6.92%
|
|
345
|
$
|
2,249,535.56
|
1.018%
|
|
6.93%
|
|
401
|
$
|
2,912,068.32
|
1.304%
|
|
|||||||||||||||||||
|
TOTAL
|
34,730
|
$
|
221,082,530.94
|
100.00%
|
|
35,161
|
$
|
223,308,369.72
|
100.00%
|
|
|||||||||||||||||||||||
|
*
|
Percentages may not total 100% due to rounding
|
|
Page 4 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
IV.
|
2015-2 Portfolio Characteristics (cont'd)
|
|
06/30/2026
|
05/31/2026
|
|||||||
|
Pool Balance
|
$
|
223,760,604.19
|
$
|
226,045,700.58
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
11,863,732.22
|
$
|
11,838,506.47
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,678,073.25
|
$
|
2,737,330.86
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,179,366.81
|
$
|
1,195,974.15
|
||||
|
Total # Loans
|
34,730
|
35,161
|
||||||
|
Total # Borrowers
|
12,370
|
12,535
|
||||||
|
Weighted Average Coupon
|
6.88%
|
|
6.88%
|
|
||||
|
Weighted Average Remaining Term
|
202.06
|
201.06
|
||||||
|
Non-Reimbursable Losses
|
$
|
35,219.88
|
$
|
25,799.82
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
5,443,532.58
|
$
|
5,408,312.70
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-39.09%
|
|
-38.23%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
382,303.42
|
$
|
382,303.42
|
||||
|
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
|
$
|
798,606.43
|
$
|
811,225.92
|
||||
|
Borrower Interest Accrued
|
$
|
1,197,914.32
|
$
|
1,249,750.17
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
45,480.11
|
$
|
47,313.80
|
||||
|
Special Allowance Payments Accrued
|
$
|
37,462.88
|
$
|
38,214.34
|
||||
|
Page 5 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
V.
|
2015-2 Portfolio Statistics by School and Program
|
| A |
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
||||||||||||
|
- GSL(1) - Subsidized
|
6.69%
|
|
18,963
|
86,349,497.37
|
39.058%
|
||||||||||||
|
- GSL - Unsubsidized
|
6.74%
|
|
15,078
|
114,492,960.81
|
51.787%
|
||||||||||||
|
- PLUS(2) Loans
|
8.42%
|
|
667
|
20,116,916.61
|
9.099%
|
||||||||||||
|
- SLS(3) Loans
|
7.26%
|
|
22
|
123,156.15
|
0.056%
|
||||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
||||||||||||
|
Total
|
6.88%
|
|
34,730
|
$
|
221,082,530.94
|
100.000%
|
|||||||||||
| B |
SCHOOL TYPE
|
|
Weighted
Average Coupon
|
|
|
# LOANS
|
|
|
$ AMOUNT
|
|
|
|
%*
|
||||
|
- Four Year
|
|
|
6.90%
|
|
|
|
28,856
|
|
|
|
195,658,785.47
|
|
|
|
88.500%
|
|
|
|
- Two Year
|
|
|
6.72%
|
|
|
|
4,697
|
|
|
|
20,765,286.03
|
|
|
|
9.393%
|
|
|
|
- Technical
|
|
|
6.74%
|
|
|
|
1,159
|
|
|
|
4,624,621.31
|
|
|
|
2.092%
|
|
|
|
- Other
|
|
|
6.69%
|
|
|
|
18
|
|
|
|
33,838.13
|
|
|
|
0.015%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Total
|
|
|
6.88%
|
|
|
|
34,730
|
|
|
$
|
221,082,530.94
|
|
|
|
100.000%
|
|
|
|
*
|
Percentages may not total 100% due to rounding.
|
|
(1)
|
Guaranteed Stafford Loan
|
|
(2)
|
Parent Loans for Undergraduate Students
|
| (3) |
Supplemental Loans to Students. The Unsubsidized Stafford Loan program replaced the SLS program on July 1, 1994.
|
|
Page 6 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
VI.
|
2015-2 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
3,253,332.86
|
|||||||
| A |
Trustee Fees
|
$ |
12,500.00
|
$
|
3,240,832.86
|
||||
|
B
|
Primary Servicing Fee
|
$
|
61,279.98
|
$
|
3,179,552.88
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
3,172,885.88
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
752,381.40
|
$
|
2,420,504.48
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
128,143.64
|
$
|
2,292,360.84
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
2,292,360.84
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
2,262,245.42
|
$
|
30,115.42
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
30,115.42
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
30,115.42
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
30,115.42
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
30,115.42
|
|||||
|
L
|
Excess Distribution Certificateholder
|
$
|
30,115.42
|
-
|
|||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
221,082,530.94
|
||
|
B
|
Interest to be Capitalized
|
$
|
2,678,073.25
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,000,039.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(1,000,039.00)
|
||
|
F
|
Total
|
$
|
223,760,604.19
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
194,022,998.15
|
||
|
H
|
Insolvency Event or Event of Default Under Indenture
|
N | |||
|
I
|
Available Funds Applied to Class A Noteholders’ Distribution Amount Before Any Amounts are Applied to the Class B Noteholders’ Distribution Amount (G>F or H=Y)
|
N | |||
|
Page 7 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
VII.
|
2015-2 Distributions
|
|
A3
|
B |
|
||||||
|
Cusip/Isin
|
63939GAC2
|
63939GAD0
|
||||||
|
Beginning Balance
|
$
|
196,285,243.57
|
$
|
27,500,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.57%
|
|
1.50%
|
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
6/25/2026
|
6/25/2026
|
||||||
|
Accrual Period End
|
7/27/2026
|
7/27/2026
|
||||||
|
Daycount Fraction
|
0.08888889
|
0.08888889
|
||||||
|
Interest Rate*
|
4.31224%
|
|
5.24224%
|
|
||||
|
Accrued Interest Factor
|
0.003833102
|
0.004659769
|
||||||
|
Current Interest Due
|
$
|
752,381.40
|
$
|
128,143.64
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
752,381.40
|
$
|
128,143.64
|
||||
|
Interest Paid
|
$
|
752,381.40
|
$
|
128,143.64
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
2,262,245.42
|
-
|
|||||
|
Ending Principal Balance
|
$
|
194,022,998.15
|
$
|
27,500,000.00
|
||||
|
Paydown Factor
|
0.004757614
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.408039954
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |
|
VIII.
|
2015-2 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
223,785,243.57
|
|||
|
Adjusted Pool Balance
|
$
|
223,760,604.19
|
|||
|
Overcollateralization Amount
|
$
|
2,237,606.04
|
|||
|
Principal Distribution Amount
|
$
|
2,262,245.42
|
|||
|
Principal Distribution Amount Paid
|
$
|
2,262,245.42
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
1,000,039.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
|
Balance Available
|
$
|
1,000,039.00
|
||
| Required Reserve Acct Balance |
$
|
1,000,039.00
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
1,000,039.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
140,976.25
|
|||
|
Deposits for the Period
|
$
|
138,073.56
|
|||
|
Release to Collection Account
|
-
|
||||
|
Ending Balance
|
$
|
279,049.81
|
|||
|
D
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2015-2 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026 |