$371,000,000 Class A-1 Student Loan-Backed Notes
$517,000,000 Class A-2 Student Loan-Backed Notes
$190,000,000 Class A-3 Student Loan-Backed Notes
$409,653,000 Class A-4 Student Loan-Backed Notes
$46,010,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: January 17, 2008

Issue Amount: $1,533,633,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .25%
CUSIP: 784439AA9

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .35%
CUSIP: 784439AB7

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .50%
CUSIP: 784439AC5

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .65%
CUSIP: 784439AD3

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.15%
CUSIP: 784439AE1

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
Citi
Deutsche Bank Securities
Credit Suisse
Lehman Brothers
RBS Greenwich Capital
UBS Investment Bank