$614,000,000 Class A-1 Student Loan-Backed Notes
$1,218,000,000 Class A-2 Student Loan-Backed Notes
$529,000,000 Class A-3 Student Loan-Backed Notes
$1,597,204,000 Class A-4 Student Loan-Backed Notes
$122,418,000 Class B Student Loan-Backed Notes
| Date of Issue: | April 30, 2008 |
| Issue Amount: | $4,080,622,000 |
Securities Offered:
| Class A-1 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + .80% |
| CUSIP: | 78444YAA3 |
| Class A-2 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 1.10% |
| CUSIP: | 78444YAB1 |
| Class A-3 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 1.30% |
| CUSIP: | 78444YAC9 |
| Class A-4 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 1.70% |
| CUSIP: | 78444YAD7 |
| Class B Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 1.85% |
| CUSIP: | 78444YAE5 |
| Servicer: | Sallie Mae, 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
Deutsche Bank Securities
JPMorgan |