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Issuance Details

237,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.70%
144A CUSIP: 78448QAA6
Reg S CUSIP: U8306QAA1

192,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 2.98%
144A CUSIP: 78448QAB4
Reg S CUSIP: U8306QAB9

90,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 1.20%
144A CUSIP: 78448QAC2
Reg S CUSIP: U8306QAC7

75,000,000 Class A-3 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 1.75%
144A CUSIP: 78448QAD0
Reg S CUSIP: U8306QAD5

70,000,000 Class B Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 3.50%
144A CUSIP: 78448QAE8
Reg S CUSIP: U8306QAE3

50,000,000 Class C Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 4.50%
144A CUSIP: 78448QAF5
Reg S CUSIP: U8306QAF0

100,000 Residual Certificates
Security Details:

144A CUSIP: 78448Q108
Reg S CUSIP: U8306Q103

Date of Issue: July 30, 2015

Issue Amount: $714,000,000

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

Underwriters:
Barclays
J.P. Morgan
Royal Bank of Canada

Reports

Distribution Factors
Current Rates
Current Replines

Servicing and Distribution Reports

August 2015
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