The Trust Student Loan Pool as of July 31, 2021

The The trust student loans owned by the trust were originally selected from a portfolio of consolidation student loans (and in the case of additional trust student loans, FFELP loans including consolidation and non-consolidation loans) owned by the Student Loan Marketing Association, SLM ECFC or one of their affiliates by employing several criteria, including requirements that each trust student loan as of the 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;

•	was originated in the United States, its territories or its possessions in accordance with the FFELP;

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

•	provided for periodic payments that will fully amortize the amount financed over its term to maturity, exclusive of any deferral or forbearance periods;

•	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, 2021, 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 $2,006,209 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, 13 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. See “Risk Factors—Forbearances Granted As a Result of the COVID-19 Pandemic May Delay Payments of Interest and Principal” in this remarketing memorandum.

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.

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

Aggregate Outstanding Principal Balance		$	463,765,914
Aggregate Outstanding Principal Balance – Treasury Bill			67,262,185
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill			14.50	%
Aggregate Outstanding Principal Balance – One-Month LIBOR			396,503,729
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR			85.50	%
Number of Borrowers			12,982
Average Outstanding Principal Balance Per Borrower			35,724
Number of Loans			23,216
Average Outstanding Principal Balance Per Loan – Treasury Bill			38,174
Average Outstanding Principal Balance Per Loan – One-Month LIBOR			18,482
Weighted Average Remaining Term to Scheduled Maturity		177 months
Weighted Average Annual Interest Rate			6.10	%

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 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 United States Department of the Treasury.

Interest Rates		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
Less than or equal to 3.00%			1			$	25,830				*
3.01% to 3.50%			1,602				21,199,686				4.6	%
3.51% to 4.00%			1,851				33,025,299				7.1
4.01% to 4.50%			4,377				57,960,894				12.5
4.51% to 5.00%			4,953				75,931,641				16.4
5.01% to 5.50%			1,070				18,122,652				3.9
5.51% to 6.00%			1,274				23,237,993				5.0
6.01% to 6.50%			1,870				36,706,895				7.9
6.51% to 7.00%			1,838				44,321,022				9.6
7.01% to 7.50%			733				20,493,502				4.4
7.51% to 8.00%			1,514				48,053,438				10.4
8.01% to 8.50%			1,636				55,292,846				11.9
Equal to or greater than 8.51%			497				29,394,217				6.3
Total			23,216			$	463,765,914				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.

Number of Days Delinquent		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
0-30 days			22,314			$	434,411,806				93.7	%
31-60 days			378				11,393,426				2.5
61-90 days			173				6,023,399				1.3
91-120 days			108				3,619,885				0.8
121-150 days			63				2,074,793				0.4
151-180 days			41				1,462,840				0.3
181-210 days			27				847,064				0.2
Greater than 210 days			112				3,932,701				0.8
Total			23,216			$	463,765,914				100.0	%

Number of Months Remaining to Scheduled Maturity		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
0 to 3			73			$	32,058				*
4 to 12			560				572,428				0.1	%
13 to 24			1,769				3,106,852				0.7
25 to 36			1,199				4,262,671				1.0
37 to 48			1,096				6,156,231				1.3
49 to 60			975				6,741,176				1.6
61 to 72			1,106				9,552,727				1.9
73 to 84			2,420				19,809,212				4.1
85 to 96			1,082				12,382,398				3.0
97 to 108			967				13,863,763				3.1
109 to 120			930				15,158,359				3.2
121 to 132			1,560				32,300,694				7.0
133 to 144			2,802				56,892,267				12.1
145 to 156			1,297				32,607,530				7.7
157 to 168			972				29,260,499				6.0
169 to 180			882				29,443,093				6.4
181 to 192			658				24,086,841				5.2
193 to 204			597				24,739,229				5.3
205 to 216			419				18,150,445				4.4
217 to 228			309				15,477,672				3.2
229 to 240			261				13,850,082				2.9
241 to 252			186				9,005,804				1.9
253 to 264			131				7,157,398				1.6
265 to 276			100				5,766,911				1.3
277 to 288			100				5,911,486				1.3
289 to 300			222				18,723,940				3.7
301 to 312			430				38,120,587				7.7
313 to 324			33				2,872,415				0.8
325 to 336			14				1,697,992				0.3
337 to 348			20				1,841,456				0.3
349 to 360			18				2,165,775				0.5
361 and above			28				2,055,923				0.3
Total			23,216			$	463,765,914				100.0	%

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.

Current Borrower Payment Status		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
Deferment			597			$	14,704,758				3.2	%
Forbearance			1,470				47,885,535				10.3
Repayment
First year in repayment			110				6,415,517				1.4
Second year in repayment			157				8,155,845				1.8
Third year in repayment			173				9,784,432				2.1
More than 3 years in repayment			20,709				376,819,826				81.3
Total			23,216			$	463,765,914				100.0	%

(1) Of the trust student loans in forbearance status, approximately 157 loans with an aggregate outstanding principal balance of $4,914,646, representing 1% 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 143.5 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.

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 $14,704,758 aggregate outstanding principal balance of the trust student loans in deferment as of the statistical disclosure date, $10,507,533 or approximately 71.5% 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.

State		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
Alabama			199			$	4,266,811				0.9	%
Alaska			27				813,130				0.2
Arizona			670				12,517,902				2.7
Arkansas			142				2,527,447				0.5
California			2,123				42,659,535				9.2
Colorado			380				7,026,766				1.5
Connecticut			335				5,043,869				1.1
Delaware			70				1,064,097				0.2
District of Columbia			85				1,792,311				0.4
Florida			1,957				56,062,971				12.1
Georgia			836				20,716,061				4.5
Hawaii			87				2,437,340				0.5
Idaho			86				1,959,221				0.4
Illinois			870				16,072,786				3.5
Indiana			1,402				26,251,645				5.7
Iowa			82				1,294,603				0.3
Kansas			319				5,038,290				1.1
Kentucky			270				5,025,539				1.1
Louisiana			866				15,749,982				3.4
Maine			92				2,540,176				0.5
Maryland			693				13,757,504				3.0
Massachusetts			800				13,237,748				2.9
Michigan			444				10,012,328				2.2
Minnesota			241				4,656,410				1.0
Mississippi			208				4,558,006				1.0
Missouri			454				8,301,920				1.8
Montana			33				722,775				0.2
Nebraska			43				583,676				0.1
Nevada			132				3,107,471				0.7
New Hampshire			201				3,365,301				0.7
New Jersey			610				10,882,879				2.3
New Mexico			87				1,843,621				0.4
New York			1,762				30,626,238				6.6
North Carolina			599				13,389,671				2.9
North Dakota			13				349,997				0.1
Ohio			158				3,295,139				0.7
Oklahoma			306				5,570,853				1.2
Oregon			277				5,500,171				1.2
Pennsylvania			794				13,845,108				3.0
Rhode Island			50				686,253				0.1
South Carolina			285				6,611,735				1.4
South Dakota			18				243,616				0.1
Tennessee			334				6,952,334				1.5
Texas			1,946				37,881,003				8.2
Utah			65				1,567,193				0.3
Vermont			38				721,353				0.2
Virginia			678				12,656,415				2.7
Washington			581				9,288,500				2.0
West Virginia			116				2,136,709				0.5
Wisconsin			182				2,774,435				0.6
Wyoming			17				292,867				0.1
Other			153				3,486,201				0.8
Total			23,216			$	463,765,914				100.0	%

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.

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

Loan Repayment Terms		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
Level Repayment			11,536			$	183,770,523				39.6	%
Other Repayment Options(1)			8,468				155,710,797				33.6
Income-driven Repayment(2)			3,212				124,284,594				26.8
Total			23,216			$	463,765,914				100.0	%

With respect to interest-only loans, as of the statistical disclosure date, there are 172 loans with an aggregate outstanding principal balance of $4,874,676 currently in an interest-only period.  These interest-only loans represent approximately 1.1% 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.

Loan Type		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
Subsidized			11,491			$	194,070,155				41.8	%
Unsubsidized			11,725				269,695,759				58.2
Total			23,216			$	463,765,914				100.0	%

Disbursement Date		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
September 30, 1993 and earlier			64			$	3,036,869				0.7	%
October 1, 1993 through June 30, 2006			23,152				460,729,045				99.3
July 1, 2006 and later			0				0				0.0
Total			23,216			$	463,765,914				100.0	%

Name of Guaranty Agency		Number of Loans				Aggregate Outstanding Principal Balance				Percent of Pool by Outstanding Principal Balance
American Student Assistance			571			$	8,412,879				1.8	%
College Assist			5				424,715				0.1
Educational Credit Management Corporation			666				13,307,513				2.9
Great Lakes Higher Education Corporation			15,935				337,576,543				72.8
Illinois Student Assistance Comm			586				11,099,193				2.4
Kentucky Higher Educ. Asst. Auth.			771				13,392,658				2.9
Louisiana Office Of Student Financial Asst			162				2,216,706				0.5
Michigan Guaranty Agency			205				4,092,675				0.9
New York State Higher Ed Services Corp			2,101				32,675,261				7.0
Oklahoma Guaranteed Stud Loan Prog			274				4,330,289				0.9
Pennsylvania Higher Education Assistance Agency			1,139				19,238,563				4.1
Texas Guaranteed Student Loan Corp			800				16,999,119				3.7
United Student Aid Funds, Inc.			1				-200				*
Total			23,216			$	463,765,914				100.0	%

SIGNIFICANT GUARANTOR INFORMATION

The information shown for the Significant Guarantor relates to all student loans, including but not limited to trust student loans, guaranteed by the Significant Guarantor.

We obtained the following information from various sources, including from the Significant Guarantor and/or from the Department of Education.  None of the depositor, Navient CFC, the servicer, their affiliates or the remarketing agents has audited or independently verified this information for accuracy or completeness.

Ascendium Education Solutions, Inc.

Ascendium Education Solutions, Inc. f/k/a Great Lakes Higher Education Guaranty Corporation (“Ascendium”) is a Wisconsin nonstock, nonprofit corporation, the sole member of which is Ascendium Education Group, Inc. f/k/a Great Lakes Higher Education Corporation (“Ascendium Education Group”).  Ascendium’s predecessor organization, Ascendium Education Group, was organized as a Wisconsin nonstock, nonprofit corporation and began guaranteeing student loans under the Higher Education Act in 1967.  Ascendium is the designated guaranty agency under the Higher Education Act for Wisconsin, Arkansas, Iowa, Minnesota, Montana, North Dakota, Ohio, South Dakota, Puerto Rico and the Virgin Islands.  On January 1, 2002, Ascendium Education Group (and Ascendium directly and through its support services agreement with Ascendium Education Group), outsourced certain aspects of its student loan program guaranty support operations to Great Lakes Educational Loan Services, Inc. (“GLELSI”).  Ascendium continues as the “guaranty agency” as defined in Section 435(j) of the Higher Education Act and continues its default aversion, claim purchase and compliance, collection support and federal reporting responsibilities as well as custody and responsibility for all revenues, expenses and assets related to that status.  The primary operations center for Ascendium Education Group and its affiliates (including Ascendium) is in Madison, Wisconsin, which includes operational staff offices for guaranty functions.  Ascendium also maintain offices in; Eagan, Minnesota; Aberdeen, South Dakota; and Indianapolis, Indiana. Ascendium will provide a copy of Ascendium Education Group’s most recent consolidated financial statements on receipt of a written request directed to 2501 International Lane, Madison, Wisconsin 53704, Attention: Chief Financial Officer.

United Student Aid Funds, Inc. (“USAF”) was organized as a private, nonprofit corporation under the General Corporation Law of the State of Delaware in 1960.  USAF (i) maintained facilities for the provision of guarantee services with respect to approved education loans made to or for the benefit of eligible students attending approved educational institutions; (ii) guaranteed education loans made pursuant to certain loan programs under the Higher Education Act, as well as loans made under certain private loan  programs; and (iii) served as the designated guarantor for education-loan programs under the Higher Education Act of 1965, as amended (“the Act”) in Arizona, Hawaii and certain Pacific Islands, Indiana, Kansas, Maryland, Mississippi, Nevada and Wyoming.

USAF was the sole member of the Northwest Education Loan Association (“NELA”), a guarantor serving the states of Washington, Idaho and the Northwest. Ascendium Education Group became a member of USAF effective January 1, 2017.

Effective as of December 31, 2018, NELA was dissolved, with its remaining assets going to its sole member, USAF.  Immediately thereafter, USAF was merged into Ascendium.  Thus, the portfolios previously held by USAF and NELA are now held by Ascendium.

Guaranty Volume.  Pursuant to the SAFRA Act, part of the Health Care and Education Reconciliation Act of 2010, Ascendium, the former USAF, and the former NELA ceased issuing new loan guarantees on June 30, 2010. The most recent year for which the United States Department of Education has issued guaranty volume information is 2009. Ascendium issued $7.0 billion in new loan guarantees in that year.

Reserve Ratio.  The reserve ratios for Ascendium, the former USAF and the former NELA are as follows:

The Ascendium Portfolio*

Following are Ascendium’s reserve fund levels as calculated in accordance with 34 CFR 682.410(a)(10) for federal fiscal years 2015 through 2019:

The United States Department of Education’s website at http://www.fp.ed.gov/pubs.html has posted reserve ratios for Ascendium for federal years 2015, 2016, 2017, 2018 and 2019 of 0.608%, 0.827%, 1.000%, 1.480% and 0.49% respectively. Ascendium believes the Department of Education has not calculated the reserve ratio in accordance with the Act and the correct ratio should be 1.05%, 1.37%, 1.80%, 2.21% and 0.64% respectively, as shown above and as explained in the following footnote.  On November 17, 2006, the United States Department of Education advised Ascendium that beginning in Federal Fiscal Year 2006 it will publish reserve ratios that include loan loss provision and deferred revenues.  Ascendium believes this change more closely approximates the statutory calculation. According to the United States Department of Education, available cash reserves may not always be an accurate barometer of a guarantor’s financial health.

¹    In accordance with Section 428(c)(9) of the Higher Education Act, does not include loans transferred from the former Higher Education Assistance Foundation, Northstar Guarantee Inc., Ohio Student Aid Commission, Puerto Rico Higher Education Assistance Corporation, Student Loan Guarantee Foundation of Arkansas, Student Loans of North Dakota, Montana, Guaranteed Student Loan Program, or designated states of Arizona, Hawaii, Idaho, Indiana, Kansas, Maryland, Mississippi, Nevada, Washington, Wyoming, and certain Pacific Trust Territories.  (The minimum reserve fund ratio under the Higher Education Act is 0.25 %.)

*    The percentages for 2015-2018 include only the Ascendium portfolio; the percentage for 2019 include the combined

     portfolios of Ascendium, USAF and NELA.

The Former USAF Portfolio Now Held by Ascendium

Following are USAF’s reserve fund levels as calculated in accordance with 34 CFR 682.410(a)(10) for federal fiscal years 2014 through 2018:

The Former NELA Portfolio Now Held by Ascendium

Following are NELA’s reserve fund levels as calculated in accordance with 34 CFR 682.410(a)(10) for federal fiscal years 2014 through 2018:

Claims Rate. The claims rate for Ascendium, USAF and NELA are as follows:

The Ascendium Portfolio*

For the past five federal fiscal years, Ascendium’s claims rate has not exceeded 5%, and, as a result, the highest allowable reinsurance has been paid on all Ascendium’s claims.  The actual claims rates for federal fiscal years 2015 through 2019 are as follows:

Federal Fiscal Year	Claims Rate
2014	4.73%
2015	4.71%
2016	0.60%
2017	0.67%
2018	2.15%

As a result of various statutory and regulatory changes over the past several years, historical rates may not be an accurate indicator of current delinquency or default trends or future claims rates.

The Former NELA Portfolio Now Held by Ascendium

For the past five federal fiscal years, NELA’s claims rate has not exceeded 5%, and, as a result, the highest allowable reinsurance has been paid on all NELA’s claims.  The actual claims rates for federal fiscal years 2014 through 2018 are as follows:

		2003-7
	A-15