EX-99.1 2 ef20026979_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 SLMA, VG Funding and SLM ELC by employing several criteria, including requirements that each trust student loan as of the original statistical cutoff date (and with respect to each additional trust student loan as of its related subsequent 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 fully disbursed;
 

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 applicable cutoff date was subject to any prior obligation to sell that loan to a third party.

Unless otherwise specified, all information with respect to the trust student loans is presented as of February 29, 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 $3,112,050 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.  In addition, 4 borrowers have more than one trust student loan.

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.

A-1

The following tables also contain information concerning the total number of loans and the total number of borrowers in the portfolio of initial trust student loans.
 
Percentages and dollar amounts in any table may not total 100% of the initial 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
 
$
451,861,717
 
Aggregate Outstanding Principal Balance – Treasury Bill
 
$
70,289,847
 
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill
   
15.56
%
Aggregate Outstanding Principal Balance – One-Month LIBOR
 
$
381,571,870
 
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR
   
84.44
%
Number of Borrowers
   
11,262
 
Average Outstanding Principal Balance Per Borrower
 
$
40,123
 
Number of Loans
   
19,759
 
Average Outstanding Principal Balance Per Loan – Treasury Bill
 
$
49,570
 
Average Outstanding Principal Balance Per Loan – One-Month LIBOR
 
$
20,804
 
Weighted Average Remaining Term to Scheduled Maturity
 
182 months
 
Weighted Average Annual Interest Rate
   
4.88
%

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 3.11% as of the statistical disclosure date.

The weighted average spread for special allowance payments to the one-month LIBOR rate was 2.64% as of the statistical disclosure date.  See “Special Allowance Payments” in Appendix A to the preliminary remarketing memorandum.

For these purposes, 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 U.S. 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%
   
3,568
   
$
54,573,631
     
12.1%

3.01% to 3.50%
   
4,370
     
68,579,449
     
15.2
 
3.51% to 4.00%
   
4,403
     
88,272,456
     
19.5
 
4.01% to 4.50%
   
4,107
     
90,966,141
     
20.1
 
4.51% to 5.00%
   
673
     
20,437,947
     
4.5
 
5.01% to 5.50%
   
267
     
9,158,128
     
2.0
 
5.51% to 6.00%
   
233
     
9,574,959
     
2.1
 
6.01% to 6.50%
   
209
     
9,354,948
     
2.1
 
6.51% to 7.00%
   
219
     
9,627,920
     
2.1
 
7.01% to 7.50%
   
168
     
6,201,926
     
1.4
 
7.51% to 8.00%
   
596
     
27,974,136
     
6.2
 
8.01% to 8.50%
   
453
     
21,111,670
     
4.7
 
Equal to or greater than 8.51%
   
493
     
36,028,407
     
8.0
 
                         
Total
   
19,759
   
$
451,861,717
     
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 – The Student Loan Marketing Association’s Student Loan Financing Business” in the 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
   
1,592
   
$
3,547,492
     
0.8%

$5,000.00-$ 9,999.99
   
1,368
     
10,182,147
     
2.3
 
$10,000.00-$14,999.99
   
1,267
     
15,688,756
     
3.5
 
$15,000.00-$19,999.99
   
1,030
     
17,876,941
     
4.0
 
$20,000.00-$24,999.99
   
827
     
18,571,275
     
4.1
 
$25,000.00-$29,999.99
   
707
     
19,372,765
     
4.3
 
$30,000.00-$34,999.99
   
572
     
18,476,560
     
4.1
 
$35,000.00-$39,999.99
   
484
     
18,133,718
     
4.0
 
$40,000.00-$44,999.99
   
392
     
16,610,670
     
3.7
 
$45,000.00-$49,999.99
   
338
     
16,053,690
     
3.6
 
$50,000.00-$54,999.99
   
294
     
15,396,632
     
3.4
 
$55,000.00-$59,999.99
   
268
     
15,441,474
     
3.4
 
$60,000.00-$64,999.99
   
207
     
12,924,351
     
2.9
 
$65,000.00-$69,999.99
   
197
     
13,255,312
     
2.9
 
$70,000.00-$74,999.99
   
141
     
10,216,721
     
2.3
 
$75,000.00-$79,999.99
   
145
     
11,226,455
     
2.5
 
$80,000.00-$84,999.99
   
127
     
10,470,939
     
2.3
 
$85,000.00-$89,999.99
   
114
     
9,968,678
     
2.2
 
$90,000.00-$94,999.99
   
101
     
9,336,192
     
2.1
 
$95,000.00-$99,999.99
   
72
     
7,011,756
     
1.6
 
$100,000.00 and above
   
1,019
     
182,099,193
     
40.3
 
                         
Total
   
11,262
   
$
451,861,717
     
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
   
18,773
   
$
418,480,210
     
92.6%

31-60 days
   
366
     
11,117,931
     
2.5
 
61-90 days
   
168
     
5,602,454
     
1.2
 
91-120 days
   
113
     
3,908,930
     
0.9
 
121-150 days
   
75
     
3,152,995
     
0.7
 
151-180 days
   
46
     
2,386,850
     
0.5
 
181-210 days
   
52
     
1,872,239
     
0.4
 
Greater than 210 days
   
166
     
5,340,108
     
1.2
 
                         
Total
   
19,759
   
$
451,861,717
     
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
   
244
   
$
52,957
     
*
 
4 to12
   
652
     
547,349
     
0.1%

13 to 24
   
736
     
1,569,979
     
0.3
 
25 to 36
   
725
     
3,047,330
     
0.7
 
37 to 48
   
586
     
3,526,071
     
0.8
 
49 to 60
   
850
     
5,721,864
     
1.3
 
61 to 72
   
2,146
     
14,318,433
     
3.2
 
73 to 84
   
937
     
8,825,718
     
2.0
 
85 to 96
   
702
     
8,207,789
     
1.8
 
97 to 108
   
677
     
9,858,810
     
2.2
 
109 to 120
   
1,142
     
18,125,770
     
4.0
 
121 to 132
   
2,997
     
55,855,317
     
12.4
 
133 to 144
   
1,475
     
36,893,984
     
8.2
 
145 to 156
   
1,181
     
34,449,108
     
7.6
 
157 to 168
   
897
     
32,656,919
     
7.2
 
169 to 180
   
724
     
27,786,102
     
6.1
 
181 to 192
   
639
     
26,288,935
     
5.8
 
193 to 204
   
457
     
21,638,942
     
4.8
 
205 to 216
   
340
     
15,811,983
     
3.5
 
217 to 228
   
211
     
12,375,697
     
2.7
 
229 to 240
   
226
     
11,982,791
     
2.7
 
241 to 252
   
170
     
9,807,783
     
2.2
 
253 to 264
   
105
     
5,048,825
     
1.1
 
265 to 276
   
105
     
6,434,747
     
1.4
 
277 to 288
   
92
     
7,273,417
     
1.6
 
289 to 300
   
179
     
15,761,371
     
3.5
 
301 to 312
   
388
     
40,162,824
     
8.9
 
313 to 324
   
30
     
3,478,461
     
0.8
 
325 to 336
   
22
     
1,674,240
     
0.4
 
337 to 348
   
26
     
2,435,192
     
0.5
 
349 to 360
   
58
     
6,596,195
     
1.5
 
361 and above
   
40
     
3,646,815
     
0.8
 
                         
Total
   
19,759
   
$
451,861,717
     
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 – The Student Loan Marketing Association’s Student Loan Financing Business” in the 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
   
415
   
$
13,491,337
     
3.0%

Forbearance
   
1,441
     
61,032,888
     
13.5
 
Repayment
                       
First year in repayment
   
150
     
9,397,399
     
2.1
 
Second year in repayment
   
134
     
7,480,019
     
1.7
 
Third year in repayment
   
135
     
7,003,857
     
1.6
 
More than 3 years in repayment
   
17,484
     
353,456,218
     
78.2
 
 
                       
Total
   
19,759
   
$
451,861,717
     
100.0%


(1)Of the trust student loans in forbearance status, approximately 95 loans with an aggregate outstanding principal balance of $2,906,209, representing 0.64% 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; or


may be currently required to repay the loan – repayment.

See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools – The Student Loan Marketing Association’s Student Loan Financing Business” in the prospectus.

The weighted average number of months in repayment for all trust student loans currently in repayment is approximately 154.3 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
   
17.0
     
-
     
230.7
 
Forbearance
   
-
     
11.5
     
215.8
 
Repayment
   
-
     
-
     
172.8
 

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 $13,491,337 aggregate outstanding principal balance of the trust student loans in deferment as of the statistical disclosure date, $10,198,231 or approximately 75.6% 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 preliminary remarketing memorandum.

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
   
176
   
$
5,920,342
     
1.3%

Alaska
   
32
     
847,681
     
0.2
 
Arizona
   
506
     
11,675,303
     
2.6
 
Arkansas
   
94
     
2,002,060
     
0.4
 
California
   
2,389
     
54,690,991
     
12.1
 
Colorado
   
275
     
7,226,766
     
1.6
 
Connecticut
   
319
     
5,347,652
     
1.2
 
Delaware
   
55
     
1,472,044
     
0.3
 
District of Columbia
   
81
     
1,756,765
     
0.4
 
Florida
   
1,606
     
42,705,319
     
9.5
 
Georgia
   
663
     
22,507,560
     
5.0
 
Hawaii
   
100
     
2,411,061
     
0.5
 
Idaho
   
72
     
2,572,689
     
0.6
 
Illinois
   
754
     
15,427,313
     
3.4
 
Indiana
   
511
     
10,981,004
     
2.4
 
Iowa
   
64
     
885,403
     
0.2
 
Kansas
   
363
     
5,914,869
     
1.3
 
Kentucky
   
126
     
3,132,976
     
0.7
 
Louisiana
   
566
     
14,104,887
     
3.1
 
Maine
   
61
     
1,520,708
     
0.3
 
Maryland
   
504
     
12,287,954
     
2.7
 
Massachusetts
   
606
     
9,882,256
     
2.2
 
Michigan
   
375
     
9,465,433
     
2.1
 
Minnesota
   
231
     
4,716,018
     
1.0
 
Mississippi
   
138
     
3,532,807
     
0.8
 
Missouri
   
387
     
7,665,811
     
1.7
 
Montana
   
31
     
775,511
     
0.2
 
Nebraska
   
44
     
1,766,248
     
0.4
 
Nevada
   
165
     
5,163,255
     
1.1
 
New Hampshire
   
107
     
1,930,748
     
0.4
 
New Jersey
   
633
     
12,729,036
     
2.8
 
New Mexico
   
68
     
1,735,056
     
0.4
 
New York
   
1,343
     
28,903,466
     
6.4
 
North Carolina
   
409
     
7,859,731
     
1.7
 
North Dakota
   
11
     
138,054
     
*
 
Ohio
   
599
     
12,945,716
     
2.9
 
Oklahoma
   
368
     
8,013,597
     
1.8
 
Oregon
   
281
     
5,517,884
     
1.2
 
Pennsylvania
   
760
     
14,439,329
     
3.2
 
Rhode Island
   
52
     
1,288,602
     
0.3
 
South Carolina
   
197
     
6,212,948
     
1.4
 
South Dakota
   
26
     
643,910
     
0.1
 
Tennessee
   
280
     
6,801,909
     
1.5
 
Texas
   
1,674
     
38,451,397
     
8.5
 
Utah
   
67
     
1,505,272
     
0.3
 
Vermont
   
15
     
347,377
     
0.1
 
Virginia
   
519
     
10,423,862
     
2.3
 
Washington
   
522
     
10,356,268
     
2.3
 
West Virginia
   
95
     
1,864,093
     
0.4
 
Wisconsin
   
197
     
5,046,048
     
1.1
 
Wyoming
   
16
     
1,128,636
     
0.2
 
Other
   
226
     
5,220,092
     
1.2
 
                         
Total
   
19,759
   
$
451,861,717
     
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
   
9,421
   
$
171,201,975
     
37.9
%
Other Repayment Options(1)
   
7,812
     
163,247,348
     
36.1
 
Income-driven Repayment(2)
   
2,526
     
117,412,394
     
26.0
 
                         
Total
   
19,759
   
$
451,861,717
     
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 128 loans with an aggregate outstanding principal balance of $6,966,042 currently in an interest-only period.  These interest-only loans represent approximately 1.5% 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
   
9,405
   
$
166,776,657
     
36.9%

Unsubsidized
   
10,354
     
285,085,060
     
63.1
 
                         
Total
   
19,759
   
$
451,861,717
     
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
   
85
   
$
5,844,653
     
1.3%

October 1, 1993 through June 30, 2006
   
19,674
     
446,017,064
     
98.7
 
July 1, 2006 and later
   
0
     
0
     
0.0
 
                         
Total
   
19,759
   
$
451,861,717
     
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
   
893
   
$
14,161,502
     
3.1%

College Assist
   
11
     
963,193
     
0.2
 
Educational Credit Management Corporation
   
1,210
     
28,177,204
     
6.2
 
Florida Off Of Student Fin'l Assistance
   
330
     
5,102,620
     
1.1
 
Great Lakes Higher Education Corporation
   
10,086
     
251,281,225
     
55.6
 
Kentucky Higher Educ. Asst. Auth.
   
745
     
12,629,731
     
2.8
 
Michigan Guaranty Agency
   
192
     
4,034,539
     
0.9
 
Nebraska National Student Loan Program
   
2
     
36,353
     
*
 
Oklahoma Guaranteed Stud Loan Prog
   
395
     
8,261,438
     
1.8
 
Pennsylvania Higher Education Assistance Agency
   
2,038
     
38,840,877
     
8.6
 
Texas Guaranteed Student Loan Corp
   
3,857
     
88,373,035
     
19.6
 
Total
   
19,759
   
$
451,861,717
     
100.0%


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


A-12