$259,000,000 Class A-1 Student Loan-Backed Notes
$234,000,000 Class A-2 Student Loan-Backed Notes
$135,000,000 Class A-3 Student Loan-Backed Notes
$430,000,000 Class A-4 Student Loan-Backed Notes
$452,735,000 Class A-5 Student Loan-Backed Notes
$46,724,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue: December 6, 2007

Issue Amount: $1,557,459,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .23%
CUSIP: 78444XAA5

Class A-2 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .33%
CUSIP: 78444XAB3

Class A-3 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .38%
CUSIP: 78444XAC1

Class A-4 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .47%
CUSIP: 78444XAD9

Class A-5 Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + .55%
CUSIP: 78444XAE7

Class B Floating Rate Asset-Backed Notes
Rate: Three Month LIBOR + 1.00%
CUSIP: 78444XAF4

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:
Citi
Deutsche Bank Securities
Merrill Lynch & Co.
Wachovia Securities
Barclays Capital
RBS Greenwich Capital
UBS Investment Bank