SLM student loan trust 2006-7

$159,000,000 Class A-1 Student Loan-Backed Notes
$406,000,000 Class A-2 Student Loan-Backed Notes
$175,000,000 Class A-3 Student Loan-Backed Notes
$457,000,000 Class A-4 Student Loan-Backed Notes
$418,890,000 Class A-5 Student Loan-Backed Notes
$730,000,000 Class A-6A Student Loan-Backed Notes
$90,000,000 Class A-6B Student Loan-Backed Notes
$90,000,000 Class A-6C Student Loan-Backed Notes
$78,120,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: August 10, 2006

Issue Amount: $2,604,010,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR - .04%
CUSIP: 78443GAA3

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR - .01%
CUSIP: 78443GAB1

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .02%
CUSIP: 78443GAC9

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .07%
CUSIP: 78443GAD7

Class A-5 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .10%
CUSIP: 78443GAE5

Class A-6A Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .16%
CUSIP: 78443GAF2

Class A-6B Auction Rate Asset-Backed Notes
Rate: Auction Rate
CUSIP: 78443GAG0

Class A-6C Auction Rate Asset-Backed Notes
Rate: Auction Rate
CUSIP: 78443GAH8

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .20%
CUSIP: 78443GAJ4

Servicer:
Sallie Mae, Inc.

Eligible Lender Trustee:
The Bank of New York Trust Company, N.A.

Indenture Trustee:
Deustche Bank Trust Company Americas

Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA

Administrator:
Sallie Mae, Inc.

Underwriters:
Banc of America Securities LLC
Goldman, Sachs & Co.
RBS Greenwich Capital
Citigroup
DEPFA Bank
Merrill Lynch & Co.


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