SMB Private Education Loan Trust 2023-B

869,100,000 Class A-1A Private Education Loan-Backed Notes

Security Details:

Fixed Rate: 4.99%
144A CUSIP: 78449HAA5
Reg S CUSIP: U83073AA1

869,100,000 Class A-1B Private Education Loan-Backed Notes

Security Details:

30-Day Average SOFR + 1.80%
144A CUSIP: 78449HAB3
Reg S CUSIP: U83073AB9

269,700,000 Class B Private Education Loan-Backed Notes

Security Details:

Fixed Rate: 5.77%
144A CUSIP: 78449HAC1
Reg S CUSIP: U83073AC7

42,000,000 Class C Private Education Loan-Backed Notes

Security Details:

Fixed Rate: 6.36%
144A CUSIP: 78449HAD9
Reg S CUSIP: U83073AD5

135,100,000 Class D Private Education Loan-Backed Notes

Security Details:

Fixed Rate: 7.56%
144A CUSIP: 78449HAE7
Reg S CUSIP: U83073AE3

Date of Issue: May 24, 2023

Issue Amount: $2,185,000,000

Servicer: 
Sallie Mae Bank

Indenture Trustee: 
Deutsche Bank National Trust Company

Administrator: 
Sallie Mae Bank

Underwriters: 
Bank of America Securities, Inc.