$332,000,000 Class A-1 Student Loan-Backed Notes
$225,125,000 Class A-2 Student Loan-Backed Notes
$425,000,000 Class A-3 Student Loan-Backed Notes
$30,374,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: February 28, 2008

Issue Amount: $1,012,499,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .50%
CUSIP: 78444GAA2

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .80%
CUSIP: 78444GAB0

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.00%
CUSIP: 78444GAC8

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.20%
CUSIP: 78444GAD6

Servicer:
Sallie Mae, Inc.

Eligible Lender Trustee:
The Bank of New York Trust Company, N.A.

Indenture Trustee:
Deutsche Bank Trust Company Americas

Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA

Administrator:
Sallie Mae, Inc.

Underwriters:
Banc of America Securities LLC
Barclays Capital
Deutsche Bank Securities
JP Morgan
BNP Paribas
Lehman Brothers
Merrill Lynch & Co.