$236,000,000 Class A-1 Student Loan-Backed Notes
$314,000,000 Class A-2 Student Loan-Backed Notes
$139,000,000 Class A-3 Student Loan-Backed Notes
$280,016,000 Class A-4 Student Loan-Backed Notes
$29,969,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: April 17, 2008

Issue Amount: $998,985,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .68%
CUSIP: 78445AAA4

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.05%
CUSIP: 78445AAB2

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.25%
CUSIP: 78445AAC0

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.65%
CUSIP: 78445AAD8

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.85%
CUSIP: 78445AAE6

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:
Credit Suisse
JP Morgan
RBS Greenwich Capital