SMB Private Education Loan Trust 2018-A

256,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.35%
144A CUSIP: 78449P AA7
Reg S CUSIP: U8307K AA3

244,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 3.50%
144A CUSIP: 78449P AB5
Reg S CUSIP: U8307K AB1

120,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

One Month LIBOR + 0.80%
144A CUSIP: 78449P AC3
Reg S CUSIP: U8307K AC9

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

Fixed Rate: 3.96%
144A CUSIP: 78449P AD1
Reg S CUSIP: U8307K AD7

100,000 Residual Certificates
Security Details:

144A CUSIP: 78449P AE9
Reg S CUSIP: U8307K AE5

Date of Issue: March 21, 2018

Issue Amount: $670,000,000

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