$150,000,000 Class A-1 Floating Rate Student Loan-Backed Sr. Notes
$588,225,000 Class A-2 Floating Rate Student Loan-Backed Sr. Notes
$26,775,000 Floating Rate Student Loan-Backed Subordinate Notes
Quarterly Distribution Reports
Prospectus
Current Libor Rates
Quarterly Distribution Factors
Historical Reports
Date of Issue: May 21, 1999
Issue Amount: $765,000,000
Securities Offered:
Class A-1 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of $150,000,000
Rate: Three-Month LIBOR + 0.12%
CUSIP: 784582AV0
Class A-2 Floating Rate Asset-Backed Subordinate Notes in the aggregate principal amount of $588,225,000
Rate: Three-Month LIBOR + 0.24%
CUSIP: 784582AW8
Floating Rate Asset-Backed Subordinate Notes in the aggregate principal amount of $26,775,000
Rate: Three-Month LIBOR + 0.48%
CUSIP: 784582AX6
Underwriter: Credit Suisse First Boston; Merrill Lynch & Co.; PNC Capital Markets, Inc.; Solomon Smith Barney
Servicer: Sallie Mae Servicing LP
Eligible Lender Trustee: Bank One
Indenture Trustee: Deutsche Bank Trust Company Americas
Administrator: Sallie Mae