$1,628,000,000 Class A-1 Student Loan-Backed Notes
$1,349,000,000 Class A-2 Student Loan-Backed Notes
$446,000,000 Class A-3 Student Loan-Backed Notes
$486,100,000 Class A-4 Student Loan-Backed Notes
$120,900,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: February 22, 2007

Issue Amount: $4,030,000,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR - .02%
CUSIP: 78443XAA6

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .00%
CUSIP: 78443XAB4

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .04%
CUSIP: 78443XAC2

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .06%
CUSIP: 78443XAD0

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .17%
CUSIP: 78443XAE8

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:
Barclays Capital
Credit Suisse
Morgan Stanley
Deutsche Bank Securities
JPMorgan
RBS Greenwich Capital
UBS Investment Bank