EX-99.1 2 ef20035360_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

ANNEX A

THE TRUST STUDENT LOAN POOL
 
The trust student loans owned by the trust were originally selected from a portfolio of consolidation student loans owned by Student Loan Marketing Association by employing several criteria, including requirements that each trust student loan as of the original cutoff date:
 

was guaranteed as to principal and interest by a guaranty agency under a guarantee agreement and the guaranty agency was, in turn, reinsured by the Department of Education in accordance with the FFELP;
 

contained terms in accordance with those required by the FFELP, the guarantee agreements and other applicable requirements;
 

was more than 120 days past the final disbursement;
 

was not more than 210 days past due;
 

did not have a borrower who was noted in the related records of the servicer as being currently involved in a bankruptcy proceeding; and
 

had special allowance payments, if any, based on the three-month commercial paper rate or the 91-day Treasury bill rate.
 
No trust student loan as of the original cutoff date was subject to the depositor’s or the Student Loan Marketing Association’s prior obligation to sell that loan to a third party. The Student Loan Marketing Association was dissolved on December 31, 2004 and all of its obligations were assumed by its affiliate, Navient Credit Finance Corporation.
 
Unless otherwise specified, all information with respect to the trust student loans is presented as of July 31, 2024, which is the statistical disclosure date.
 
The following tables provide a description of specified characteristics of the trust student loans as of the statistical disclosure date.  The aggregate outstanding principal balance of the loans in each of the following tables includes the principal balance due from borrowers, plus accrued interest of $3,208,395 to be capitalized as of the statistical disclosure date.  Percentages and dollar amounts in any table may not total 100% or whole dollars due to rounding.  The following tables also contain information concerning the total number of loans and total number of borrowers in the portfolio of trust student loans.  For ease of administration, the servicer separates a consolidation loan on its system into two separate loan segments representing subsidized and unsubsidized segments of the same loan.  The following tables reflect those loan segments within the number of loans.
 
The distribution by weighted average interest rate applicable to the trust student loans on any date following the statistical disclosure date may vary significantly from that in the following tables as a result of variations in the effective rates of interest applicable to the trust student loans and in rates of principal reduction.  Moreover, the information below about the weighted average remaining term to maturity of the trust student loans as of the statistical disclosure date may vary significantly from the actual term to maturity of any of the trust student loans as a result of prepayments or the granting of deferment and forbearance periods.
 
The following tables also contain information concerning the total number of loans and the total number of borrowers in the portfolio of trust student loans.
 
A-1

Percentages and dollar amounts in any table may not total 100% of the trust student loan balance, as applicable, due to rounding.

COMPOSITION OF THE TRUST STUDENT LOANS AS OF
THE STATISTICAL DISCLOSURE DATE

Aggregate Outstanding Principal Balance
 
$
202,848,431
 
Aggregate Outstanding Principal Balance – Treasury Bill
 
$
31,073,782
 
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill
   
15.32
%
Aggregate Outstanding Principal Balance – 30-day Average SOFR
 
$
171,774,649
 
Percentage of Aggregate Outstanding Principal Balance – 30-day Average SOFR
   
84.68
%
Number of Borrowers
   
5,136
 
Average Outstanding Principal Balance Per Borrower
 
$
39,495
 
Number of Loans
   
9,060
 
Average Outstanding Principal Balance Per Loan – Treasury Bill
 
$
47,953
 
Average Outstanding Principal Balance Per Loan – 30-day Average SOFR
 
$
20,420
 
Weighted Average Remaining Term to Scheduled Maturity
 
187 months
 
Weighted Average Annual Interest Rate
   
6.29
%
 
We determined the weighted average remaining term to maturity shown in the table from the statistical disclosure date to the stated maturity date of the applicable trust student loan without giving effect to any deferment or forbearance periods that may be granted in the future.  See Appendix A to the preliminary remarketing memorandum.
 
The weighted average annual borrower interest rate shown in the table is exclusive of special allowance payments.  The weighted average spread for special allowance payments to the 91-day Treasury bill rate was 3.10% as of the statistical disclosure date.
 
The weighted average spread for special allowance payments to the three-month commercial paper rate was 2.64% as of the statistical disclosure date.  See “Special Allowance Payments” in Appendix A to the preliminary remarketing memorandum.
 
For this purpose, the three-month commercial paper rate is the average of the bond equivalent rates of the three-month commercial paper (financial) rates in effect for each of the days in a calendar quarter as reported by the Federal Reserve in Publication H.15 (or its successor) for that calendar quarter.  The 91-day Treasury bill rate is the weighted average per annum discount rate, expressed on a bond equivalent basis and applied on a daily basis, for direct obligations of the United States with a maturity of thirteen weeks, as reported by the United States Department of the Treasury.

A-2

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY BORROWER INTEREST RATES AS OF THE STATISTICAL
DISCLOSURE DATE

Interest Rates
 
Number
of Loans
   
Aggregate
Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
Less than or equal to 3.00%
   
0
   
$
0
     
0.0
%
3.01% to 3.50%
   
183
     
2,081,268
     
1.0
 
3.51% to 4.00%
   
408
     
6,842,041
     
3.4
 
4.01% to 4.50%
   
1,657
     
22,021,264
     
10.9
 
4.51% to 5.00%
   
2,587
     
44,760,712
     
22.1
 
5.01% to 5.50%
   
498
     
10,022,252
     
4.9
 
5.51% to 6.00%
   
396
     
8,356,818
     
4.1
 
6.01% to 6.50%
   
613
     
12,649,992
     
6.2
 
6.51% to 7.00%
   
1,111
     
27,229,177
     
13.4
 
7.01% to 7.50%
   
252
     
7,498,937
     
3.7
 
7.51% to 8.00%
   
524
     
21,089,528
     
10.4
 
8.01% to 8.50%
   
629
     
27,069,558
     
13.3
 
Equal to or greater than 8.51%
   
202
     
13,226,884
     
6.5
 
                         
Total
   
9,060
   
$
202,848,431
     
100.0
%
 
We determined the interest rates shown in the table above using the interest rates applicable to the trust student loans as of the statistical disclosure date.  Because trust student loans with different interest rates are likely to be repaid at different rates, this information is not likely to remain applicable to the trust student loans after the statistical disclosure date.  See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools–Sallie Mae’s Student Loan Financing Business” in the original prospectus.

A-3

DISTRIBUTION OF THE TRUST STUDENT LOANS BY
OUTSTANDING PRINCIPAL BALANCE PER BORROWER
AS OF THE STATISTICAL DISCLOSURE DATE

Range of Outstanding
Principal Balance
   
Number of
Borrowers
   
Aggregate
Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
Less than $5,000.00
     
730
   
$
1,893,640
     
0.9
%
$
5,000.00-$ 9,999.99
     
686
     
5,110,743
     
2.5
 
$
10,000.00-$14,999.99
     
522
     
6,538,605
     
3.2
 
$
15,000.00-$19,999.99
     
457
     
7,976,442
     
3.9
 
$
20,000.00-$24,999.99
     
370
     
8,300,372
     
4.1
 
$
25,000.00-$29,999.99
     
336
     
9,235,985
     
4.6
 
$
30,000.00-$34,999.99
     
277
     
8,898,471
     
4.4
 
$
35,000.00-$39,999.99
     
222
     
8,304,705
     
4.1
 
$
40,000.00-$44,999.99
     
171
     
7,231,180
     
3.6
 
$
45,000.00-$49,999.99
     
177
     
8,373,548
     
4.1
 
$
50,000.00-$54,999.99
     
144
     
7,544,851
     
3.7
 
$
55,000.00-$59,999.99
     
105
     
6,022,165
     
3.0
 
$
60,000.00-$64,999.99
     
81
     
5,050,978
     
2.5
 
$
65,000.00-$69,999.99
     
94
     
6,342,109
     
3.1
 
$
70,000.00-$74,999.99
     
77
     
5,568,169
     
2.7
 
$
75,000.00-$79,999.99
     
66
     
5,105,937
     
2.5
 
$
80,000.00-$84,999.99
     
51
     
4,210,314
     
2.1
 
$
85,000.00-$89,999.99
     
52
     
4,546,824
     
2.2
 
$
90,000.00-$94,999.99
     
37
     
3,426,741
     
1.7
 
$
95,000.00-$99,999.99
     
33
     
3,226,579
     
1.6
 
$100,000.00 and above
     
448
     
79,940,073
     
39.4
 
                             
Total
     
5,136
   
$
202,848,431
     
100.0
%

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY DELINQUENCY STATUS AS OF THE
STATISTICAL DISCLOSURE DATE

Number of Days Delinquent
 
 
Number
of Loans
   
Aggregate
Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
0-30 days
   
8,580
   
$
187,604,864
     
92.5%

31-60 days
   
171
     
5,724,929
     
2.8
 
61-90 days
   
73
     
2,926,947
     
1.4
 
91-120 days
   
53
     
1,343,611
     
0.7
 
121-150 days
   
39
     
1,180,926
     
0.6
 
151-180 days
   
31
     
789,322
     
0.4
 
181-210 days
   
27
     
765,443
     
0.4
 
Greater than 210 days
   
86
     
2,512,388
     
1.2
 
                         
Total
   
9,060
   
$
202,848,431
     
100.0%


A-4

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY REMAINING TERM TO SCHEDULED MATURITY
AS OF THE STATISTICAL DISCLOSURE DATE

Number of Months
Remaining to
Scheduled Maturity
 
 
Number
of Loans
   
Aggregate
Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
0 to 3
   
61
   
$
19,158
     
*
 
4 to12
   
220
     
268,853
     
0.1%

13 to 24
   
321
     
947,539
     
0.5
 
25 to 36
   
474
     
1,944,175
     
1.0
 
37 to 48
   
978
     
4,314,463
     
2.1
 
49 to 60
   
517
     
4,171,058
     
2.1
 
61 to 72
   
424
     
4,238,982
     
2.1
 
73 to 84
   
386
     
4,843,096
     
2.4
 
85 to 96
   
498
     
6,950,513
     
3.4
 
97 to 108
   
1,176
     
15,633,399
     
7.7
 
109 to 120
   
500
     
9,644,653
     
4.8
 
121 to 132
   
544
     
12,767,999
     
6.3
 
133 to 144
   
430
     
11,905,665
     
5.9
 
145 to 156
   
322
     
10,121,531
     
5.0
 
157 to 168
   
352
     
12,586,763
     
6.2
 
169 to 180
   
283
     
10,158,003
     
5.0
 
181 to 192
   
214
     
8,425,756
     
4.2
 
193 to 204
   
169
     
6,793,937
     
3.3
 
205 to 216
   
152
     
6,870,541
     
3.4
 
217 to 228
   
121
     
4,997,350
     
2.5
 
229 to 240
   
110
     
5,135,523
     
2.5
 
241 to 252
   
79
     
4,566,772
     
2.3
 
253 to 264
   
72
     
3,535,302
     
1.7
 
265 to 276
   
66
     
3,342,123
     
1.6
 
277 to 288
   
63
     
3,817,908
     
1.9
 
289 to 300
   
193
     
7,347,708
     
3.6
 
301 to 312
   
429
     
28,338,874
     
14.0
 
313 to 324
   
9
     
850,445
     
0.4
 
325 to 336
   
10
     
935,424
     
0.5
 
337 to 348
   
7
     
945,843
     
0.5
 
349 to 360
   
23
     
3,164,404
     
1.6
 
361 and above
   
26
     
3,264,672
     
1.6
 
                         
Total
   
9,060
   
$
202,848,431
     
100.0%


Represents a percentage greater than 0% but less than 0.05%.
 
We have determined the number of months remaining to scheduled maturity shown in the table from the statistical disclosure date to the stated maturity date of the applicable trust student loan without giving effect to any deferment or forbearance periods that may be granted in the future.  See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools –Sallie Mae’s Student Loan Financing Business” in the original prospectus.

A-5

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY CURRENT BORROWER PAYMENT STATUS
AS OF THE STATISTICAL DISCLOSURE DATE

Current Borrower Payment Status
 
Number
of Loans
   
Aggregate
Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
Deferment
   
199
   
$
6,124,055
     
3.0%

Forbearance
   
780
     
32,180,000
     
15.9
 
Repayment
                       
First year in repayment
   
36
     
2,976,524
     
1.5
 
Second year in repayment
   
35
     
2,431,291
     
1.2
 
Third year in repayment
   
48
     
3,052,295
     
1.5
 
More than 3 years in repayment
   
7,962
     
156,084,266
     
76.9
 
                         
Total
   
9,060
   
$
202,848,431
     
100.0%


(1)       Of the trust student loans in forbearance status, approximately 72 loans with an aggregate outstanding principal balance of $1,710,437, representing 0.84% of the pool by principal, are in the Coronavirus Disaster Forbearance Program.
 
Current borrower payment status refers to the status of the borrower of each trust student loan as of the statistical disclosure date.  The borrower:
 

may have temporarily ceased repaying the loan through a deferment or a forbearance period (this category includes the Coronavirus Disaster Forbearance Program); or
 

may be currently required to repay the loan – repayment.
 
See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools–Sallie Mae’s Student Loan Financing Business” in the original prospectus.
 
The weighted average number of months in repayment for all trust student loans currently in repayment is approximately 165.5 calculated as the term to maturity at the commencement of repayment less the number of months remaining to scheduled maturity as of the statistical disclosure date.

A-6

SCHEDULED WEIGHTED AVERAGE REMAINING MONTHS IN
STATUS OF THE TRUST STUDENT LOANS BY
CURRENT BORROWER PAYMENT STATUS AS OF THE
STATISTICAL DISCLOSURE DATE

   
Scheduled Months in Status Remaining
 
Current Borrower Payment Status
 
Deferment
   
Forbearance
   
Repayment
 
Deferment
   
17.6
     
-
     
217.8
 
Forbearance
   
-
     
11.2
     
225.4
 
Repayment
   
-
     
-
     
175.5
 

We have determined the scheduled weighted average remaining months in status shown in the previous table without giving effect to any deferment or forbearance periods that may be granted in the future.  Of the $6,124,055 aggregate outstanding principal balance of the trust student loans in deferment as of the statistical disclosure date, $3,631,050 or approximately 59.3% of such loans are to borrowers who had not graduated as of that date.  We expect that a significant portion of these loans could qualify for additional deferments or forbearances at the end of their current deferment periods as the related borrowers continue their education beyond their current degree programs.  As a result, the overall duration of any applicable deferment and forbearance periods as well as the likelihood of future deferment and forbearance periods within this pool of trust student loans is likely to be higher than in other pools of student loans without similar numbers of in-school consolidation loans.  See Appendix A to the original prospectus.

A-7

GEOGRAPHIC DISTRIBUTION OF THE TRUST STUDENT LOANS
AS OF THE STATISTICAL DISCLOSURE DATE

State
   
Number
of Loans
   
Aggregate
Outstanding
Principal Balance
     
Percent of Pool
by Outstanding
Principal Balance
 
Alabama
   
71
   
1,502,664
   
$
0.7
%
Alaska
   
5
     
112,492
     
0.1
 
Arizona
   
189
     
4,409,802
     
2.2
 
Arkansas
   
51
     
1,739,216
     
0.9
 
California
   
1,062
     
24,306,687
     
12.0
 
Colorado
   
156
     
2,751,481
     
1.4
 
Connecticut
   
138
     
3,152,926
     
1.6
 
Delaware
   
14
     
692,775
     
0.3
 
District of Columbia
   
30
     
456,157
     
0.2
 
Florida
   
663
     
17,154,671
     
8.5
 
Georgia
   
364
     
8,658,281
     
4.3
 
Hawaii
   
22
     
363,206
     
0.2
 
Idaho
   
29
     
493,140
     
0.2
 
Illinois
   
373
     
6,998,603
     
3.5
 
Indiana
   
129
     
1,777,503
     
0.9
 
Iowa
   
45
     
1,190,573
     
0.6
 
Kansas
   
123
     
3,027,962
     
1.5
 
Kentucky
   
49
     
862,390
     
0.4
 
Louisiana
   
290
     
6,381,286
     
3.1
 
Maine
   
38
     
935,125
     
0.5
 
Maryland
   
260
     
6,076,773
     
3.0
 
Massachusetts
   
241
     
3,856,012
     
1.9
 
Michigan
   
229
     
6,679,375
     
3.3
 
Minnesota
   
133
     
2,539,204
     
1.3
 
Mississippi
   
105
     
2,963,890
     
1.5
 
Missouri
   
227
     
4,837,964
     
2.4
 
Montana
   
11
     
402,344
     
0.2
 
Nebraska
   
14
     
396,803
     
0.2
 
Nevada
   
86
     
2,571,478
     
1.3
 
New Hampshire
   
47
     
982,619
     
0.5
 
New Jersey
   
226
     
4,970,144
     
2.5
 
New Mexico
   
26
     
507,373
     
0.3
 
New York
   
580
     
12,516,547
     
6.2
 
North Carolina
   
258
     
5,497,214
     
2.7
 
North Dakota
   
2
     
5,661
     
*
 
Ohio
   
71
     
1,200,868
     
0.6
 
Oklahoma
   
218
     
5,227,618
     
2.6
 
Oregon
   
146
     
3,479,537
     
1.7
 
Pennsylvania
   
246
     
4,927,107
     
2.4
 
Rhode Island
   
22
     
248,676
     
0.1
 
South Carolina
   
127
     
2,961,849
     
1.5
 
South Dakota
   
10
     
79,955
     
*
 
Tennessee
   
170
     
4,411,648
     
2.2
 
Texas
   
981
     
20,444,140
     
10.1
 
Utah
   
27
     
691,689
     
0.3
 
Vermont
   
13
     
151,804
     
0.1
 
Virginia
   
261
     
4,802,221
     
2.4
 
Washington
   
262
     
5,645,325
     
2.8
 
West Virginia
   
31
     
640,822
     
0.3
 
Wisconsin
   
102
     
3,751,105
     
1.8
 
Wyoming
   
9
     
103,401
     
0.1
 
Other
   
106
     
2,310,324
     
1.1
 
                         
Total
   
9,060
    $
202,848,431
   

100.0
%

*
Represents a percentage greater than 0% but less than 0.05%.

A-8

We have based the geographic distribution shown in the table on the billing addresses of the borrowers of the trust student loans shown on the servicer’s records as of the statistical disclosure date.
 
Each of the trust student loans provides or will provide for the amortization of its outstanding principal balance over a series of regular payments.  Except as described below, each regular payment consists of an installment of interest which is calculated on the basis of the outstanding principal balance of the trust student loan.  The amount received is applied first to interest accrued to the date of payment and the balance of the payment, if any, is applied to reduce the unpaid principal balance.  Accordingly, if a borrower pays a regular installment before its scheduled due date, the portion of the payment allocable to interest for the period since the preceding payment was made will be less than it would have been had the payment been made as scheduled, and the portion of the payment applied to reduce the unpaid principal balance will be correspondingly greater.  Conversely, if a borrower pays a monthly installment after its scheduled due date, the portion of the payment allocable to interest for the period since the preceding payment was made will be greater than it would have been had the payment been made as scheduled, and the portion of the payment applied to reduce the unpaid principal balance will be correspondingly less.
 
In either case, subject to any applicable deferment periods or forbearance periods, and except as provided below, the borrower pays a regular installment until the final scheduled payment date, at which time the amount of the final installment is increased or decreased as necessary to repay the then outstanding principal balance of that trust student loan.
 
The servicer makes available to borrowers of student loans it holds (including the trust student loans) payment terms that may result in the lengthening of the remaining term of the student loans.  For example, not all of the loans sold to the trust provide for level payments throughout the repayment term of the loans.  Some student loans provide for interest only payments to be made for a designated portion of the term of the loans, with amortization of the principal of the loans occurring only when payments increase in the latter stage of the term of the loans.  Other loans provide for a graduated phase in of the amortization of principal with a greater portion of principal amortization being required in the latter stages than would be the case if amortization were on a level payment basis.  The servicer also offers an income-sensitive repayment plan, under which repayments are based on the borrower’s income.  Under that plan, ultimate repayment may be delayed up to five years.  Borrowers under trust student loans will continue to be eligible for the graduated payment and income-sensitive repayment plans.  These programs are applicable to the trust student loans and may be offered by the servicer to related borrowers at its discretion.

A-9

The following table provides certain information about trust student loans subject to the repayment terms described in the preceding paragraphs.

DISTRIBUTION OF THE TRUST STUDENT LOANS BY REPAYMENT
TERMS AS OF THE STATISTICAL DISCLOSURE DATE

 
 
Loan Repayment Terms
 
 
Number
of Loans
   
Aggregate
Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
Level Repayment
   
4,222
   
$
71,669,631
     
35.3%

Other Repayment Options(1)
   
3,337
     
69,934,786
     
34.5
 
Income-driven Repayment(2)
   
1,501
     
61,244,014
     
30.2
 
Total
   
9,060
   
$
202,848,431
     
100.0%


(1)
Includes, among others, graduated repayment and interest-only period loans.
(2)
Includes income sensitive and income based repayment.
 
With respect to interest-only loans, as of the statistical disclosure date, there are 91 loans with an aggregate outstanding principal balance of $5,298,878 currently in an interest-only period.  These interest-only loans represent approximately 2.6% of the aggregate outstanding principal balance of the trust student loans.  Interest-only periods range up to 48 months in overall length.
 
The servicer may in the future offer repayment terms similar to those described above to borrowers of trust student loans who are not entitled to these repayment terms as of the statistical disclosure date.  If repayment terms are offered to and accepted by those borrowers, the weighted average life of the securities could be lengthened.

DISTRIBUTION OF THE TRUST STUDENT LOANS BY LOAN
TYPE AS OF THE STATISTICAL DISCLOSURE DATE

Loan Type
 
Number
of Loans
   
Aggregate Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
Subsidized
   
4,485
   
$
85,564,821
     
42.2%

Unsubsidized
   
4,575
     
117,283,610
     
57.8
 
                         
Total
   
9,060
   
$
202,848,431
     
100.0%


A-10

The following table provides information about the trust student loans regarding date of disbursement.

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY DATE OF DISBURSEMENT AS OF
THE STATISTICAL DISCLOSURE DATE

Disbursement Date
 
 
Number
of Loans
   
 
Aggregate Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
September 30, 1993 and earlier
   
16
   
$
814,040
     
0.4%

October 1, 1993 through June 30, 2006
   
9,044
     
202,034,392
     
99.6
 
July 1, 2006 and later
   
0
     
0
     
0.0
 
                         
Total
   
9,060
   
$
202,848,431
     
100.0%


A-11

Guaranty Agencies for the Trust Student Loans.  The eligible lender trustee has entered into a separate guarantee agreement with each of the guaranty agencies listed below, under which each of the guarantors has agreed to serve as guarantor for specified trust student loans.
 
The following table provides information with respect to the portion of the trust student loans guaranteed by each guarantor.

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY GUARANTY AGENCY AS OF
THE STATISTICAL DISCLOSURE DATE

Name of Guaranty Agency
 
Number
of Loans
   
Aggregate
Outstanding
Principal Balance
   
Percent of Pool
by Outstanding
Principal Balance
 
American Student Assistance
   
407
   
$
6,190,329
     
3.1%

College Assist
   
2
     
107,359
     
0.1
 
Educational Credit Management Corporation
   
701
     
14,712,177
     
7.3
 
Great Lakes Higher Education Corporation
   
4,921
     
119,063,608
     
58.7
 
Kentucky Higher Educ. Asst. Auth.
   
242
     
3,984,430
     
2.0
 
Michigan Guaranty Agency
   
137
     
2,637,759
     
1.3
 
Oklahoma Guaranteed Stud Loan Prog
   
211
     
3,684,132
     
1.8
 
Pennsylvania Higher Education Assistance Agency
   
764
     
16,319,289
     
8.0
 
Texas Guaranteed Student Loan Corp
   
1,675
     
36,249,348
     
17.8
 
Total
   
9,060
   
$
202,848,431
     
100.0%



A-12