$546,000,000 Class A-1 Student Loan Asset-Backed Notes
$224,000,000 Class A-2 Student Loan Asset-Backed Notes
$214,000,000 Class A-3 Student Loan Asset-Backed Notes
$217,600,000 Class A-4 Student Loan Asset-Backed Notes
$37,000,000 Class B Student Loan Asset-Backed Notes
| Date of Issue: | December 15, 2005 |
| Issue Amount: | $1,238,600,000 |
Securities Offered:
| Class A-1 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.010% |
| CUSIP: | 784420AL5 |
| Class A-2 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.090% |
| CUSIP: | 784420AN1 |
| Class A-3 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.120% |
| CUSIP: | 784420AP6 |
| Class A-4 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.150% |
| CUSIP: | 784420AQ4 |
| Class B Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.25% |
| CUSIP: | 784420AR2 |