390,000,000 Class A1A Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 1.68%
144A CUSIP: 78450M AA0
Reg S CUSIP: U8308T AA3

104,000,000 Class A1B Private Education Loan-Backed Notes 
Security Details:

One Month LIBOR + 0.63%
144A CUSIP: 78450M AB8
Reg S CUSIP: U8308T AB1

40,000,000 Class B Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 2.49%
144A CUSIP: 78450M AC6
Reg S CUSIP: U8308T AC9

Date of Issue: November 9, 2021

Issue Amount: $534,000,000

Servicer: 
Sallie Mae Bank

Indenture Trustee: 
Deutsche Bank National Trust Company

Administrator: 
Sallie Mae Bank

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