$2,179,092,000 Class A Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus

Date of Issue: April 9, 2009

Issue Amount: $2,179,092,000

Securities Offered:
Class A Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 2.25%
CUSIP: 78445BAA2

Master Servicer:
Sallie Mae, Inc.

Eligible Lender Trustee:
The Bank of New York Trust Company, N.A.

Indenture Trustee:
Deutsche Bank Trust Company Americas

Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA

Administrator:
Sallie Mae, Inc.

Underwriters:
Barclays Capital
Deutsche Bank Securities
JP Morgan
BNP Paribas
Credit Suisse
Natixis
RBC Capital Markets