SMB Private Education Loan Trust 2018-C

177,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.30%
144A CUSIP: 78449Q AA5
Reg S CUSIP: U8307Y AA3

219,000,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 3.63%
144A CUSIP: 78449Q AB3
Reg S CUSIP: U8307Y AB1

108,000,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

One Month LIBOR + 0.75%
144A CUSIP: 78449Q AC1
Reg S CUSIP: U8307Y AC9

40,000,000 Class B Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 4.00%
144A CUSIP: 78449Q AD9
Reg S CUSIP: U8307Y AD7

100,000 Residual Certificates
Security Details:

144A CUSIP: 78449Q 107
Reg S CUSIP: U8307Y 113

Date of Issue: September 19, 2018

Issue Amount:$544,000,000

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

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