$150,000,000 Class A-1 Floating Rate Student Loan-Backed Sr. Notes
$433,650,000 Class A-2 Floating Rate Student Loan-Backed Sr. Notes
$21,350,000 Floating Rate Student Loan-Backed Subordinate Notes
Quarterly Distribution Reports
Prospectus
Current Libor Rates
Quarterly Distribution Factors
Historical Reports
Date of Issue : May 26, 1998
Issue Amount: $605,000,000
Securities Offered:
Class A-1 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of $150,000,000
Rate: Three-Month LIBOR + 0.04%
CUSIP: 784582AP3
Class A-2 Floating Rate Asset-Backed Subordinate Notes in the aggregate principal amount of $433,650,000
Rate: Three-Month LIBOR + 0.12%
CUSIP: 784582AQ1
Floating Rate Asset-Backed Subordinate Notes in the aggregate principal amount of $21,350,000
Rate: Three-Month LIBOR + 0.27%
CUSIP: 784582AR9
Underwriter: Credit Suisse First Boston; Bear, Stearns & Co, Inc.; Goldman, Sachs & Co.; Merrill Lynch & Co.
Servicer: Sallie Mae Servicing LP
Eligible Lender Trustee: Bank One
Indenture Trustee: Deutsche Bank Trust Company Americas
Administrator: Sallie Mae