SMB Private Education Loan Trust 2019-B

201,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.35%
144A CUSIP: 83192C AA5
Reg S CUSIP: U8309A AA3

304,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 2.84%
144A CUSIP: 83192C AB3
Reg S CUSIP: U8309A AB1

102,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

One Month LIBOR + 1.00%
144A CUSIP: 8319C AC1
Reg S CUSIP: U8309A AC9

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

Fixed Rate: 3.56%
144A CUSIP: 83192C AD9
Reg S CUSIP: U8309A AD7

100,000 Residual Certificates
Security Details:

144A CUSIP: 83192C 107
Reg S CUSIP: U8309A 113

Date of Issue: June 12, 2019

Issue Amount: $657,000,000

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

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