$614,000,000 Class A-1 Student Loan-Backed Notes
$1,218,000,000 Class A-2 Student Loan-Backed Notes
$529,000,000 Class A-3 Student Loan-Backed Notes
$1,597,204,000 Class A-4 Student Loan-Backed Notes
$122,418,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: April 30, 2008

Issue Amount: $4,080,622,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .80%
CUSIP: 78444YAA3

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.10%
CUSIP: 78444YAB1

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.30%
CUSIP: 78444YAC9

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.70%
CUSIP: 78444YAD7

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.85%
CUSIP: 78444YAE5

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:
Banc of America Securities LLC
Deutsche Bank Securities
JPMorgan