$222,000,000 Class A-1 Student Loan-Backed Notes
$201,000,000 Class A-2 Student Loan-Backed Notes
$313,000,000 Class A-3 Student Loan-Backed Notes
$286,000,000 Class A-4 Student Loan-Backed Notes
$342,000,000 Class A-5 Student Loan-Backed Notes
$1,149,512,000 Class A-6 Student Loan-Backed Notes
$37,538,000 Class B-1 Student Loan-Backed Notes
$40,200,000 Class B-2 Student Loan-Backed Notes
| Date of Issue: | July 19, 2007 |
| Issue Amount: | $2,591,250,000 |
Securities Offered:
| Class A-1 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR- .01% |
| CUSIP: | 78443FAA5 |
| Class A-2 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + .00% |
| CUSIP: | 78443FAB3 |
| Class A-3 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + .03% |
| CUSIP: | 78443FAC1 |
| Class A-4 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + .06% |
| CUSIP: | 78443FAD9 |
| Class A-5 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + .08% |
| CUSIP: | 78443FAE7 |
| Class A-6 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + .11% |
| CUSIP: | 78443FAF4 |
| Class B-1 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + .14% |
| CUSIP: | 78443FAG2 |
| Class B-2 Auction Rate Asset-Backed Notes |
|---|
| Rate: | Auction Rate |
| CUSIP: | 78443FAJ6 |
| Servicer: | Navient Solutions, Inc. |
| Eligible Lender Trustee: | Deutsche Bank Trust Company Americas |
| Indenture Trustee: | Deutsche Bank National Trust Company |
| Luxembourg Paying Agent: | Deutsche Bank Luxembourg SA |
| Administrator: | Sallie Mae, Inc. |
| Underwriters: | Banc of America Securities LLC
JPMorgan
Credit Suisse
Deutsche Bank Securities
Merrill Lynch & Co.
RBS Greenwich Capital |