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Issuance Details

199,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.90%
144A CUSIP: 78448RAA4
Reg S CUSIP: U83065AA7

207,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 2.75%
144A CUSIP: 78448RAB2
Reg S CUSIP: U83065AB5

100,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 1.40%
144A CUSIP: 78448RAC0
Reg S CUSIP: U83065AC3

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

Floating Rate: One Month LIBOR + 1.95%
144A CUSIP: 78448RAD8
Reg S CUSIP: U83065AD1

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

Fixed Rate: 3.50%
144A CUSIP: 78448RAE6
Reg S CUSIP: U83065AE9

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

Fixed Rate: 4.50%
144A CUSIP: 78448RAF3
Reg S CUSIP: U83065AF6

100,000 Residual Certificates
Security Details:

144A CUSIP: 78448R106
Reg S CUSIP: U83065109

Date of Issue: October 27, 2015

Issue Amount: $701,000,000

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

Underwriters:
Barclays
Credit Suisse
Goldman, Sachs & Co

Reports

Distribution Factors
Current Rates
Current Replines

Servicing and Distribution Reports

November 2015
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