$308,000,000 Class A-1 Student Loan Asset-Backed Notes
$422,000,000 Class A-2 Student Loan Asset-Backed Notes
$290,000,000 Class A-3 Student Loan Asset-Backed Notes
$602,105,000 Class A-4 A Student Loan Asset-Backed Notes
€150,000,000 Class A-4 B Student Loan Asset-Backed Notes
$57,345,000 Class B Student Loan Asset-Backed Notes
| Date of Issue: | March 28, 2008 |
| Issue Amount: | $1,679,450,000* |
Securities Offered:
| Class A-1 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.600% |
| CUSIP: | 78444LAA1 |
| Class A-2 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.900% |
| CUSIP: | 78444LAB9 |
| Class A-3 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 1.100% |
| CUSIP: | 78444LAC7 |
| Class A-4 A Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 1.600% |
| CUSIP: | 78444LAD5 |
| Class A-4 B Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month EURIBOR + 1.550% |
| CUSIP: | XS0355789511 |
| Class B Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 1.750% |
| CUSIP: | 78444LAE3 |
*€150,000,000 A-4 B Notes were issued under a separate Offering Memorandum.