876,320,000 Class A-1A Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 3.94%
144A CUSIP: 83206NAA5
Reg S CUSIP: U8311NAA1

876,320,000 Class A-2A Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 30 SOFR + 1.45%
144A CUSIP: 83206NAB3
Reg S CUSIP: U8311NAB9

271,460,000 Class B Private Education Loan-Backed Notes 

Security Details:

Fixed Rate: 4.55%
144A CUSIP: 83206NAC1
Reg S CUSIP: U8311NAC7

68,400,000 Class C Private Education Loan-Backed Notes 

Security Details:

Fixed Rate: 4.95%
144A CUSIP: 83206NAD9
Reg S CUSIP: U8311NAD5

121,830,000 Class D Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 5.95%

144A CUSIP: 83206NAE7
Reg S CUSIP: U8311NAE3

Date of Issue: May 27, 2022

Issue Amount: $2,214,330,000

Servicer: 
Sallie Mae Bank

Indenture Trustee: 
Deutsche Bank National Trust Company

Administrator: 
Sallie Mae Bank

Underwriters: 

Credit Suisse Securities (USA) LLC