SMB Private Education Loan Trust 2023-C

425,000,000 Class A-1A Private Education Loan-Backed Notes

Security Details:

Fixed Rate: 5.67%
144A CUSIP: 83207DAA6
Reg S CUSIP: U8305DAA1

100,000,000 Class A-1B Private Education Loan-Backed Notes

Security Details:

30-Day Average SOFR Rate + 1.55%
144A CUSIP: 83207DAB4
Reg S CUSIP: U8305DAB9

43,000,000 Class B Private Education Loan-Backed Notes

Security Details:

Fixed Rate: 6.36%
144A CUSIP: 83207DAC2
Reg S CUSIP: U8305DAC7

Date of Issue: August 16, 2023

Issue Amount: $568,000,000

Servicer: 
Sallie Mae Bank

Indenture Trustee: 
UMB Bank, N.A.

Administrator: 
Sallie Mae Bank

Underwriters: 
Barclays