SMB Private Education Loan Trust 2023-D

419,271,000 Class A-1A Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 6.15%
144A CUSIP: 78450PAA3
Reg S CUSIP: U83083AA0

402,829,000 Class A-1B Private Education Loan-Backed Notes 
Security Details:

30-Day Average SOFR Rate + 1.65%
144A CUSIP: 78450PAB1
Reg S CUSIP: U83083AB8

147,000,000 Class B Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 6.93%
144A CUSIP: 78450PAC9
Reg S CUSIP: U83083AC6

30,080,000 Class C Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 7.54%
144A CUSIP: 78450PAD7
Reg S CUSIP: U83083AD4

62,000,000 Class D Private Education Loan-Backed Notes 
Security Details:

Fixed Rate: 8.87%
144A CUSIP: 78450PAE5
Reg S CUSIP: U83083AE2

Date of Issue: November 7, 2023

Issue Amount: $1,061,180,000

Servicer: 
Sallie Mae Bank

Indenture Trustee: 
UMB Bank, N.A.

Administrator: 
Sallie Mae Bank

Underwriters: 
Bank of America Securities, Inc.