SMB Private Education Loan Trust 2020-PT-A

210,000,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.30%
144A CUSIP: 78449V AA4
Reg S CUSIP: U83085 AA5

380,500,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 1.60%
144A CUSIP: 78449V AB2
Reg S CUSIP: U83085 AB3

135,300,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

One Month LIBOR + 0.85%
144A CUSIP: 78449V AC0
Reg S CUSIP: U83085 AC1

50,600,000 Class B Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 2.50%
144A CUSIP: 78449V AD8
Reg S CUSIP: U83085 AD9

12,600,000 Class C Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 3.20%
144A CUSIP: 78449V AE6
Reg S CUSIP: U83085 AE7

54,865,958 Class R Private Education Loan-Backed Notes
Security Details:

Variable Rate
144A CUSIP: 78449V AF3
Reg S CUSIP: U83085 AF4

Date of Issue: March 6, 2020

Issue Amount: $843,865,958

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

Underwriters:
Goldman Sachs & Co. LLC