$221,000,000 Class A-1 Student Loan-Backed Notes
$492,000,000 Class A-2 Student Loan-Backed Notes
$251,000,000 Class A-3 Student Loan-Backed Notes
$550,000,000 Class A-4 Student Loan-Backed Notes
$383,000,000 Class A-5A Student Loan-Backed Notes
$329,000,000 Class A-5B Student Loan-Backed Notes
$600,000,000 Class A-6 Student Loan-Backed Notes
$450,846,000 Class A-7 Student Loan-Backed Notes
$101,346,000 Class B Student Loan-Backed Notes
Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Remarketing Prospectus
Historical Reports
Date of Issue: July 27, 2005
Issue Amount: $3,378,192,000
Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR - .03%
CUSIP: 78442GPT7
Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .00%
CUSIP: 78442GPU4
Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .05%
CUSIP: 78442GPV2
Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .09%
CUSIP: 78442GPW0
Class A-5A Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .11%
CUSIP: 78442GPX8
Class A-5B Reset Rate Asset-Backed Notes
Rate: Three Month LIBOR + .01% *
CUSIP: 78442GPZ3
Class A-6 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .14%
CUSIP: 78442GPY6
Class A-7 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .18%
CUSIP: 78442GQE9
Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .29%
CUSIP: 78442GQA7
Servicer:
Sallie Mae, Inc.
Eligible Lender Trustee:
The Bank of New York Trust Company, N.A.
Indenture Trustee:
Deutsche Bank Trust Company Americas
Administrator:
Sallie Mae, Inc.
Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA
Underwriters:
Lehman Brothers
Merrill Lynch & Co.
Morgan Stanley
Deutsche Bank Securities
RBS Greenwich Capital
Wachovia Securities
* Effective until the initial reset date, which will occur on July 25, 2008.