$1,283,000,000 Class A-1 Student Loan-Backed Notes
$975,000,000 Class A-2 Student Loan-Backed Notes
$363,000,000 Class A-3 Student Loan-Backed Notes
$338,835,000 Class A-4 Student Loan-Backed Notes
$91,541,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: March 15, 2007

Issue Amount: $3,051,376,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR - .01%
CUSIP: 78443YAA4

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .01%
CUSIP: 78443YAB2

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .04%
CUSIP: 78443YAC0

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .06%
CUSIP: 78443YAD8

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .15%
CUSIP: 78443YAE6

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:
Deutsche Bank Securities
JPMorgan
RBS Greenwich Capital
BNP PARIBAS
Morgan Stanley
Wachovia Securities