$476,000,000 Class A-1 Student Loan-Backed Notes
$656,000,000 Class A-2 Student Loan-Backed Notes
$273,000,000 Class A-3 Student Loan-Backed Notes
$535,481,000 Class A-4 Student Loan-Backed Notes
$60,015,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: November 8, 2007

Issue Amount: $2,000,496,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .14%
CUSIP: 78444EAA7

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .20%
CUSIP: 78444EAB5

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .24%
CUSIP: 78444AC3

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .33%
CUSIP: 78444EAD1

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .75%
CUSIP: 78444EAE9

Servicer:
Sallie Mae, Inc.

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

Indenture Trustee:
Deutsche Bank Trust Company Americas

Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA

Administrator:
Sallie Mae, Inc.

Underwriters:
Barclays Capital
Credit Suisse
Lehman Brothers
RBS Greenwich Capital
Wachovia Securities