SMB Private Education Loan Trust 2020-PT-B

209,500,000 Class A-1 Private Education Loan-Backed Notes
Security Details:

Floating Rate: One Month LIBOR + 0.30%
144A CUSIP: 78449DAA4
Reg S CUSIP: U8307DAA9

379,600,000 Class A-2A Private Education Loan-Backed Notes
Security Details:

Fixed Rate: 1.60%
144A CUSIP: 78449DAB2
Reg S CUSIP: U8307DAB7

134,900,000 Class A-2B Private Education Loan-Backed Notes
Security Details:

One Month LIBOR + 0.85%
144A CUSIP: 78449DAC0
Reg S CUSIP: U8307DAC5

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

Fixed Rate: 2.50%
144A CUSIP: 78449DAD8
Reg S CUSIP: U8307DAD3

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

Fixed Rate: 3.20%
144A CUSIP: 78449DAE6
Reg S CUSIP: U8307DAE1

54,687,317 Class R Private Education Loan-Backed Notes
Security Details:

Variable Rate
144A CUSIP: 78449DAF3
Reg S CUSIP: U8307DAF8

Date of Issue: March 6, 2020

Issue Amount: $841,787,317

Servicer:
Sallie Mae Bank

Indenture Trustee:
Deutsche Bank National Trust Company

Administrator:
Sallie Mae Bank

Underwriters:
Goldman Sachs & Co. LLC