SMB Private Education Loan Trust 2026-C

1,795,004,000 Class A-1A Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 5.09%
144A CUSIP: 831935AA9
Reg S CUSIP: U82921AA2

244,773,000 Class A-1B Private Education Loan-Backed Notes 
Security Details:

30-Day Average SOFR Rate + 1.20%
144A CUSIP: 831935AB7
Reg S CUSIP: U82921AB0

107,925,000 Class B Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 5.60%
144A CUSIP: 831935AC5
Reg S CUSIP: U82921AC8

21,585,000 Class C Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 6.03%
144A CUSIP: 831935AD3
Reg S CUSIP: U82921AD6

172,680,000 Class D Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 6.80%
144A CUSIP: 831935AE1
Reg S CUSIP: U82921AE4

100,000 Class R Private Education Loan-Backed Notes 
Security Details:

Variable Rate
144A CUSIP: 831935AF8
Reg S CUSIP: U82921AF1

Date of Issue: April 15, 2026

Issue Amount: $ 2,341,967,000

Servicer: 
Sallie Mae Bank

Indenture Trustee: 
UMB Bank, N.A.

Administrator: 
Sallie Mae Bank

Underwriter: 
Bank of America Securities, Inc.