$351,000,000 Class A-1 Student Loan-Backed Notes
$516,000,000 Class A-2 Student Loan-Backed Notes
$417,000,000 Class A-3 Student Loan-Backed Notes
$621,000,000 Class A-4 Student Loan-Backed Notes
$891,000,000 Class A-5 Student Loan-Backed Notes
$1,221,758,000 Class A-6 Student Loan-Backed Notes
$124,261,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: January 25, 2007

Issue Amount: $4,142,019,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR - .03%
CUSIP: 78443VAA0

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .00%
CUSIP: 78443VAB8

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .03%
CUSIP: 78443VAC6

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .06%
CUSIP: 78443VAD4

Class A-5 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .09%
CUSIP: 78443VAE2

Class A-6 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .14%
CUSIP: 78443VAG7

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .22%
CUSIP: 78443VAJ1

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:
Banc of America Securities
Goldman, Sachs & Co.
Lehman Brothers
HSBC
RBS Greenwich Capital
Wachovia Securities
Merrill Lynch & Co.