$525,387,000 Floating Rate Student Loan-Backed Senior Notes
$19,056,000 Floating Rate Student Loan-Backed Subordinate Notes
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Date of Issue: May 5, 1997
Issue Amount: $544,443,000
Securities Offered:
Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of $525,387,000.
Rate: T-Bill + 0.60%
CUSIP: 784582AM0
Floating Rate Asset-Backed Subordinate Notes in the aggregate principal amount of $19,056,000.
Rate: T-Bill + 1.25%
CUSIP: 784582AN8
Underwriter: Credit Suisse First Boston Corporation (formerly known as CS First Boston); Morgan Stanley & Co.; PaineWebber Incorporated; and Smith Barney Inc.
Servicer: Sallie Mae Servicing LP
Eligible Lender Trustee: Bank One
Indenture Trustee: Deutsche Bank Trust Company Americas
Administrator: Sallie Mae