SMB Private Education Loan Trust 2018-B

214,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.32%
144A CUSIP: 78449L AA6
Reg S CUSIP: U8308L AA0

283,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 3.60%
144A CUSIP: 78449L AB4
Reg S CUSIP: U8308L AB8

139,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

One Month LIBOR + 0.72%
144A CUSIP: 78449L AC2
Reg S CUSIP: U8308L AC6

50,500,000 Class B Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 4.00%
144A CUSIP: 78449L AD0
Reg S CUSIP: U8308L AD4

100,000 Residual Certificates
Security Details:

144A CUSIP: 78449P 109
Reg S CUSIP: U8307K 113

Date of Issue: June 20, 2018

Issue Amount: $686,500,000

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

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