SMB Private Education Loan Trust 2017-B

226,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.27%
144A CUSIP: 83189D AA8
Reg S CUSIP: U8308D AA8

268,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 2.82%
144A CUSIP: 83189D AB6
Reg S CUSIP: U8308D AB6

132,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

One Month LIBOR + 0.75%
144A CUSIP: 83189D AC4
Reg S CUSIP: U8308D AC4

50,000,000 Class B Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 3.5%
144A CUSIP: 83189D AD2
Reg S CUSIP: U8308D AD2

100,000 Residual Certificates
Security Details:

144A CUSIP: 83189D 100
Reg S CUSIP: U8308D 100

Date of Issue: November 8, 2017

Issue Amount: $676,000,000

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

Underwriters:
J.P.Morgan
Royal Bank of Canada
Credit Suisse
Barclays
Goldman Sachs & Co. LLC