$420,000,000 Class A-1 Student Loan-Backed Notes
$611,000,000 Class A-2 Student Loan-Backed Notes
$380,000,000 Class A-3 Student Loan-Backed Notes
$680,000,000 Class A-4 Student Loan-Backed Notes
$285,760,000 Class A-5 A Student Loan-Backed Notes
$1,178,509,000 Class A-6 Student Loan-Backed Notes
$125,780,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: November 30, 2006

Issue Amount: $3,681,049,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR - .03%
CUSIP: 78443BAB2

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .01%
CUSIP: 78443BAC0

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .02%
CUSIP: 78443BAD8

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .07%
CUSIP: 78443BAE6

Class A-5 A Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .10%
CUSIP: 78443BAF3

Class A-6 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .15%
CUSIP: 78443BAG1

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .22%
CUSIP: 78443BAK2

Servicer:
Sallie Mae, Inc.

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

Indenture Trustee:
Deustche Bank Trust Company Americas

Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA

Administrator:
Sallie Mae, Inc.

Underwriters:
Credit Suisse
Deutsche Bank Securities
Morgan Stanley
Wachovia Securities
Barclays Capital
Merrill Lynch & Co.
RBS Greenwich Capital
Fortis Securities LLC