SMB Private Education Loan Trust 2017-A

292,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.45%
144A CUSIP: 78448W AA3
Reg S CUSIP: U8306W AA8

215,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 2.88%
144A CUSIP: 78448W AB1
Reg S CUSIP: U8306W AB6

215,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.9%
144A CUSIP: 78448W AC9
Reg S CUSIP: U8306W AC4

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

Fixed Rate: 3.5%
144A CUSIP: 78448W AD7
Reg S CUSIP: U8306W 100

100,000 Residual Certificates
Security Details:

144A CUSIP: 78448W 105
Reg S CUSIP: U8307H 102

Date of Issue: February 8, 2017

Issue Amount: $772,000,000

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

Underwriters:
J.P.Morgan
Royal Bank of Canada
Credit Suisse
Barclays
Goldman Sachs