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SLM Private Credit Student Loan Trust 2002-A Quarterly Servicing Report

Report Date:2/28/2005      Reporting Period: 12/1/04-2/28/05

I.      Deal Parameters

	Student Loan Portfolio Characteristics				11/30/04			Activity			2/28/2005
A	i	Portfolio Balance			$	616,865,656.01		$	(9,357,950.05	)	$	607,507,705.96
	ii	Interest to be Capitalized				10,104,249.68						7,179,457.18
	iii	Total Pool			$	626,969,905.69					$	614,687,163.14
	iv	Cash Capitalization Account (CI)				40,178,192.00						40,178,192.00
	v	Asset Balance			$	667,148,097.69					$	654,865,355.14
	i	Weighted Average Coupon (WAC)				5.456	%					6.198	%
	ii	Weighted Average Remaining Term				175.18						173.97
	iii	Number of Loans				64,795						63,788
	iv	Number of Borrowers				43,962						43,219
	vi	Prime Loans Outstanding			$	547,667,417.80					$	537,371,467.72
	vii	T-bill Loans Outstanding			$	78,320,520.09					$	76,414,235.99
	viii	Fixed Loans Outstanding			$	981,967.80					$	901,459.43
								% of						% of
	Notes		Cusips	Spread	Balance 12/15/04			O/S Securities**			Balance 3/15/05			O/S Securities**
B	i	A-1 Notes	78443CAA2	0.150%	$	265,677,846.13			40.715	%	$	253,395,103.58			39.577	%
	ii	A-2 Notes	78443CAB0	0.550%		328,419,000.00			50.329	%		328,419,000.00			51.295	%
	iii	B Notes	78443CAC8	0.850%		23,742,000.00			3.638	%		23,742,000.00			3.708	%
	iv	C Notes	78443CAD6	1.700%		34,699,000.00			5.318	%		34,699,000.00			5.420	%
	v	Total Notes			$	652,537,846.13			100.000	%	$	640,255,103.58			100.000	%
						12/15/2004						3/15/2005
C	i	Specified Reserve Account Balance ($)			$	1,725,836.00					$	1,725,836.00
	ii	Reserve Account Balance ($)			$	1,725,836.00					$	1,725,836.00
	iii	Cash Capitalization Acct Balance ($)			$	40,178,192.00					$	40,178,192.00
	iv	Initial Asset Balance			$	730,512,578.11					$	730,512,578.11
	v	Specified Overcollateralization Amount			$	14,610,251.56					$	14,610,251.56
	vi	Actual Overcollateralization Amount			$	14,610,251.56					$	14,610,251.56
	vii	Has the Stepdown Date Occurred?*			No						No

*	The Stepdown Date is the earlier of the distribution date following the reduction of the Class A Notes to zero, or September 17, 2007. At the Stepdown Date, principal payments made on the Class B and Class C Notes may begin to be paid pro-rata with the Class A Notes. See the prospectus for complete information concerning the Stepdown Date.
**	Percentages may not total 100% due to rounding

1

II. 2002-A     Transactions from: 12/1/2004 through: 2/28/2005

A	Student Loan Principal Activity
	i	Principal Payments Received	$	12,884,107.28
	ii	Purchases by Servicer (Delinquencies >180)		2,524,884.77
	iii	Other Servicer Reimbursements		72.02
	iv	Other Principal Reimbursements		24,985.40
	v	Total Principal Collections	$	15,434,049.47
B	Student Loan Non-Cash Principal Activity
	i	Realized Losses/Loans Charged Off	$	—
	ii	Capitalized Interest		(5,549,563.83	)
	iii	Capitalized Insurance Fee		(537,638.77	)
	iv	Other Adjustments		11,103.18
	v	Total Non-Cash Principal Activity	$	(6,076,099.42	)
C	Total Student Loan Principal Activity		$	9,357,950.05
D	Student Loan Interest Activity
	i	Interest Payments Received	$	5,978,213.98
	ii	Purchases by Servicer (Delinquencies >180)		108,955.48
	iii	Other Servicer Reimbursements		1.21
	iv	Other Interest Reimbursements		1,121.28
	v	Late Fees		94,968.50
	vi	Collection Fees		0.00
	vii	Total Interest Collections	$	6,183,260.45
E	Student Loan Non-Cash Interest Activity
	i	Realized Losses/Loans Charged Off	$	—
	ii	Capitalized Interest		5,549,563.83
	iii	Other Interest Adjustments		1,692.74
	iv	Total Non-Cash Interest Adjustments	$	5,551,256.57
F	Total Student Loan Interest Activity		$	11,734,517.02

2

III. 2002-A     Collection Account Activity 12/1/2004 through: 2/28/2005

A	Principal Collections
	i	Principal Payments Received	$	12,696,732.41
	ii	Consolidation Principal Payments		187,374.87
	iii	Purchases by Servicer (Delinquencies >180)		2,524,884.77
	iv	Reimbursements by Seller		0.00
	v	Reimbursements by Servicer		72.02
	vi	Other Re-purchased Principal		24,985.40
	vii	Total Principal Collections	$	15,434,049.47
B	Interest Collections
	i	Interest Payments Received	$	5,974,859.76
	ii	Consolidation Interest Payments		3,354.22
	iii	Purchases by Servicer (Delinquencies >180)		108,955.48
	iv	Reimbursements by Seller		0.00
	v	Reimbursements by Servicer		1.21
	vi	Other Re-purchased Interest		1,121.28
	viii	Collection Fees/Return Items		0.00
	ix	Late Fees		94,968.50
	x	Total Interest Collections	$	6,183,260.45
C	Recoveries on Realized Losses		$	—
D	Funds Borrowed from Next Collection Period		$	—
E	Funds Repaid from Prior Collection Periods		$	—
F	Investment Income		$	294,253.75
G	Borrower Incentive Reimbursements		$	66,922.20
H	Gross Swap Receipt		$	3,409,229.68
I	Other Deposits		$	110,412.30
	TOTAL FUNDS RECEIVED		$	25,498,127.85
	LESS FUNDS PREVIOUSLY REMITTED:
		Servicing Fees	$	(717,385.06	)
	AVAILABLE FUNDS PRIOR TO RELEASE FROM CASH CAPITALIZATION ACCOUNT		$	24,780,742.79
J	Amount Released from Cash Capitalizaton Account		$	—
K	AVAILABLE FUNDS		$	24,780,742.79
L	Servicing Fees Due for Current Period		$	354,567.68
M	Carryover Servicing Fees Due		$	—
N	Administration Fees Due		$	20,000.00
O	Total Fees Due for Period		$	374,567.68

3

IV.     2002-A Loss and Recovery Detail

			% of Initial Pool			11/30/2005		2/28/2005
A	i	Cumulative Realized Losses Test
		December 16, 2002 to September 15, 2007		15	%	$	103,550,157.90	$	103,550,157.90
		December 17, 2007 to September 15, 2010		18	%
		December 15, 2010 and thereafter		20	%
	ii	Cumulative Realized Losses (Net of Recoveries)				$	—	$	—
	iii	Is Test Satisfied (ii < i)?				Yes		Yes
B	i	Recoveries on Realized Losses This Collection Period
	ii	Principal Cash Recovered During Collection Period				$	—	$	—
	iii	Interest Cash Recovered During Collection Period				$	—	$	—
	iv	Late Fees and Collection Costs Recovered During Collection Period				$	—	$	—
	v	Total Recoveries for Period				$	—	$	—
C	i	Gross Defaults:
	ii	Cumulative Principal Purchases by Servicer				$	7,939,218.32	$	10,464,103.09
	iii	Cumulative Interest Purchases by Servicer					301,304.32		410,259.80
	iv	Total Gross Defaults:				$	8,240,522.64	$	10,874,362.89

4

V. 2002-A            Portfolio Characteristics

	Weighted Avg Coupon						# of Loans				% *						Principal Amount				% *
STATUS	11/30/2004			2/28/2005			11/30/2004		2/28/2005		11/30/2004			2/28/2005			11/30/2004		2/28/2005		11/30/2004			2/28/2005
INTERIM:
In School		5.347	%		6.085	%		2,266		1,927		3.497	%		3.021	%	$	18,902,494.20	$	15,996,295.81		3.064	%		2.633	%
Grace		5.049	%		5.557	%		3,227		1,524		4.980	%		2.389	%	$	32,810,755.64	$	13,560,839.46		5.319	%		2.232	%
Deferment		5.434	%		6.148	%		5,627		5,796		8.684	%		9.086	%	$	49,189,573.40	$	51,042,829.68		7.974	%		8.402	%
TOTAL INTERIM		5.293	%		6.036	%		11,120		9,247		17.162	%		14.496	%	$	100,902,823.24	$	80,599,964.95		16.357	%		13.267	%
REPAYMENT
Active
Current		5.374	%		6.144	%		46,102		48,410		71.151	%		75.892	%	$	437,326,179.11	$	463,224,292.73		70.895	%		76.250	%
31-60 Days Delinquent		6.208	%		6.798	%		1,288		1,286		1.988	%		2.016	%	$	11,652,566.35	$	11,797,914.19		1.889	%		1.942	%
61-90 Days Delinquent		6.682	%		7.046	%		745		618		1.150	%		0.969	%	$	7,031,722.35	$	5,732,889.56		1.140	%		0.944	%
91-120 Days Delinquent		6.270	%		7.182	%		428		315		0.661	%		0.494	%	$	3,786,003.49	$	2,642,229.13		0.614	%		0.435	%
121-150 Days Delinquent		6.201	%		7.255	%		374		289		0.577	%		0.453	%	$	3,486,587.91	$	2,399,602.36		0.565	%		0.395	%
151-180 Days Delinquent		6.559	%		8.074	%		219		134		0.338	%		0.210	%	$	1,894,022.64	$	1,281,242.20		0.307	%		0.211	%
> 180 Days Delinquent		0.000	%		0.000	%		0		0		0.000	%		0.000	%	$	—	$	—		0.000	%		0.000	%
Forbearance		5.991	%		6.656	%		4,519		3,489		6.974	%		5.470	%	$	50,785,750.92	$	39,829,570.84		8.233	%		6.556	%
TOTAL REPAYMENT		5.488	%		6.222	%		53,675		54,541		82.838	%		85.504	%	$	515,962,832.77	$	526,907,741.01		83.643	%		86.733	%
GRAND TOTAL		5.456	%		6.198	%		64,795		63,788		100.000	%		100.000	%	$	616,865,656.01	$	607,507,705.96		100.000	%		100.000	%

* Percentages may not total 100% due to rounding

5

VI.     2002-A Portfolio Characteristics by Loan Program

LOAN TYPE	WAC			# Loans		$ Amount		%
- Signature Loans		6.240	%		37,492	$	303,489,057.72		49.956	%
- Low Loans		6.888	%		12,518		136,994,751.36		22.386	%
- Med Loans		5.360	%		7,707		81,324,708.87		13.387	%
- MBA Loans		5.739	%		6,071		86,699,188.01		14.271	%
- Total		6.196	%		63,788	$	607,507,705.96		100.000	%

*Percentages may not total 100% due to rounding.

6

VII. 2002-A Swap

Swap Payments
				Swap Calculation
i	Notional Swap Amount — Aggregate Prime Loans Outstanding			$	547,667,417.80
Counterparty Pays:
ii	3 Month Libor				2.49000	%
iii	Gross Swap Receipt Due Trust			$	3,409,229.68
iv	Days in Period	12/15/2004	3/15/2005		90
SLM Private Credit Trust Pays:
v	Prime Rate (WSJ) Less	2.7000%			2.55000	%
vi	Gross Swap Payment Due Counterparty			$	3,441,775.49
vii	Days in Period	12/15/2004	3/15/2005		90

VIII. 2002-A Accrued Interest Factors

	Accrued
	Int Factor	Accrual Period	Rate
A  Class A-1 Interest Rate	0.006600000	(12/15/04-3/15/05)	2.64000%
B  Class A-2 Interest Rate	0.007600000	(12/15/04-3/15/05)	3.04000%
C  Class B Interest Rate	0.008350000	(12/15/04-3/15/05)	3.34000%
D  Class C Interest Rate	0.010475000	(12/15/04-3/15/05)	4.19000%

7

IX.      2002-A            Inputs From Prior Data 11/30/2004

A	Total Student Loan Pool Outstanding
	i	Portfolio Balance			$	616,865,656.01
	ii	Interest To Be Capitalized				10,104,249.68
	iii	Total Pool			$	626,969,905.69
	iv	Cash Capitalization Account (CI)				40,178,192.00
	v	Asset Balance			$	667,148,097.69
B	Total Note and Certificate Factor					0.8977490
C	Total Note Balance				$	652,537,846.13
D	Note Balance 12/15/2004		Class A-1		Class A-2		Class B		Class C
	i	Current Factor		0.7814054		1.0000000		1.0000000		1.0000000
	ii	Expected Note Balance	$	265,677,846.13	$	328,419,000.00	$	23,742,000.00	$	34,699,000.00
F	Interest Shortfall		$	0.00	$	0.00	$	0.00	$	0.00
G	Interest Carryover		$	0.00	$	0.00	$	0.00	$	0.00
H	Unpaid Primary Servicing Fees from Prior Month(s)				$	0.00
I	Unpaid Administration fees from Prior Quarter(s)				$	0.00
J	Unpaid Carryover Servicing Fees from Prior Quarter(s)				$	0.00

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X.     2002-A Note Parity Triggers

		Class A		Class B		Class C
Notes Outstanding	12/15/04	$	594,096,846	$	617,838,846	$	652,537,846
Asset Balance	11/30/04	$	667,148,098	$	667,148,098	$	667,148,098
Pool Balance	2/28/05	$	614,687,163	$	614,687,163	$	614,687,163
Amounts on Deposit*	3/15/05		56,893,133		56,694,888		56,331,416
Total		$	671,580,297	$	671,382,050	$	671,018,578
Are the Notes in Excess of the Asset Balance?		No		No		No
Are the Notes in Excess of the Pool + Amounts on Deposit?		No		No		No
Are the Notes Parity Triggers in Effect?		No		No		No
Class A Enhancement		$	73,051,251.56
Specified Class A Enhancement		$	98,229,803.27	The greater of 15% of the Asset Balance or the Specified Overcollateralization Amount
Class B Enhancement		$	49,309,251.56
Specified Class B Enhancement		$	66,305,117.21	The greater of 10.125% of the Asset Balance or the Specified Overcollateralization Amount
Class C Enhancement		$	14,610,251.56
Specified Class C Enhancement		$	19,645,960.65	The greater of 3% of the Asset Balance or the Specified Overcollateralization Amount

*   Amounts on Deposit in Trust Accounts for the Collection Period after Payment of Section XII Items B through E for the Class A, B through G for the Class B and B through I for the Class C

XI.     2002-A Cash Capitalization Account

Cash Capitalization Account Balance as of Collection End Date	2/28/2005	$	40,178,192.00
Less: Excess of Trust fees & Note interest due over Available Funds	3/15/2005	$	—
Cash Capitalization Account Balance (CI)*		$	40,178,192.00

*   as defined under “Asset Balance” on page S-62 of the prospectus supplement

9

XII.       2002-A       Principal Distribution Calculations

A	Priority Principal Payments (If Note Parity Triggers are not in effect, go to Regular Principal Distribution below):
	i	Is the Class A Note Parity Trigger in Effect?		No
	ii	Aggregate A Notes Outstanding	12/15/2004	$	594,096,846.13
	iii	Asset Balance	2/28/2005	$	654,865,355.14
	iv	First Priority Principal Distribution Amount	3/15/2005	$	—
	v	Is the Class B Note Parity Trigger in Effect?		No
	vi	Aggregate A and B Notes Outstanding	12/15/2004	$	617,838,846.13
	vii	Asset Balance	2/28/2005	$	654,865,355.14
	viii	First Priority Principal Distribution Amount	3/15/2005	$	—
	ix	Second Priority Principal Distribution Amount	3/15/2005	$	—
	x	Is the Class C Note Parity Trigger in Effect?		No
	xi	Aggregate A, B and C Notes Outstanding	12/15/2004	$	652,537,846.13
	xii	Asset Balance	2/28/2005	$	654,865,355.14
	xiii	First Priority Principal Distribution Amount	3/15/2005	$	—
	xiv	Second Priority Principal Distribution Amount	3/15/2005	$	—
	xv	Third Priority Principal Distribution Amount	3/15/2005	$	—
B	Regular Principal Distribution
	i	Aggregate Notes Outstanding	12/15/2004	$	652,537,846.13
	ii	Asset Balance	2/28/2005	$	654,865,355.14
	iii	Specified Overcollateralization Amount	3/15/2005	$	14,610,251.56
	iv	First Priority Principal Distribution Amount	3/15/2005	$	—
	v	Second Priority Principal Distribution Amount	3/15/2005	$	—
	vi	Third Priority Principal Distribution Amount	3/15/2005	$	—
	vii	Regular Principal Distribution Amount		$	12,282,742.55
C	Class A Noteholders’ Principal Distribution Amounts
	i	Has the Stepdown Date Occurred?		No
	ii	Aggregate Class A Notes Outstanding	12/15/2004	$	594,096,846.13
	iii	Asset Balance	2/28/2005	$	654,865,355.14
	iv	85% of Asset Balance	2/28/2005	$	556,635,551.87
	v	Specified Overcollateralization Amount	3/15/2005	$	14,610,251.56
	vi	Lesser of (iii) and (ii - iv)		$	556,635,551.87
	vii	Class A Noteholders’ Principal Distribution Amt — Before the Stepdown Date		$	12,282,742.55
	viii	Class A Noteholders’ Principal Distribution Amt — After the Stepdown Date		$	—
D	Class B Noteholders’ Principal Distribution Amounts
	i	Has the Stepdown Date Occurred?		No
	ii	Aggregate Class B Notes Outstanding	12/15/2004	$	23,742,000.00
	iii	Asset Balance	2/28/2005	$	654,865,355.14
	iv	89.875% of Asset Balance	2/28/2005	$	588,560,237.93
	v	Specified Overcollateralization Amount	3/15/2005	$	14,610,251.56
	vi	Lesser of (iii) and (ii - iv)		$	588,560,237.93
	vii	Class B Noteholders’ Principal Distribution Amt — Before the Stepdown Date		$	—
	viii	Class B Noteholders’ Principal Distribution Amt — After the Stepdown Date		$	—
E	Class C Noteholders’ Principal Distribution Amounts
	i	Has the Stepdown Date Occurred?		No
	ii	Aggregate Class C Notes Outstanding	12/15/2004	$	34,699,000.00
	iii	Asset Balance	2/28/2005	$	654,865,355.14
	iv	97% of Asset Balance	2/28/2005	$	635,219,394.49
	v	Specified Overcollateralization Amount	3/15/2005	$	14,610,251.56
	vi	Lesser of (iii) and (ii - iv)		$	635,219,394.49
	vii	Class C Noteholders’ Principal Distribution Amt — Before the Stepdown Date		$	—
	viii	Class C Noteholders’ Principal Distribution Amt — After the Stepdown Date		$	—

10

XIII. 2002-A            Waterfall for Distributions

					Remaining
					Funds Balance
A		Total Available Funds ( Sections III-F )	$	24,780,742.79	$	24,780,742.79
B		Primary Servicing Fees-Current Month plus any Unpaid	$	354,567.68	$	24,426,175.11
C		Quarterly Administration Fee plus any Unpaid	$	20,000.00	$	24,406,175.11
D		Gross Swap Payment	$	3,441,775.49	$	20,964,399.62
E	i	Class A-1 Noteholders’ Interest Distribution Amount	$	1,753,473.78	$	19,210,925.84
	ii	Class A-2 Noteholders' Interest Distribution Amount	$	2,495,984.40	$	16,714,941.44
F		First Priority Principal Distribution Amount — Principal Distribution Account	$	0.00	$	16,714,941.44
G		Class B Noteholders’ Interest Distribuition Amount	$	198,245.70	$	16,516,695.73
H		Second Priority Principal Distribution Amount — Principal Distribution Account	$	0.00	$	16,516,695.73
I		Class C Noteholders’ Interest Distribuition Amount	$	363,472.03	$	16,153,223.71
J		Third Priority Principal Distribution Amount — Principal Distribution Account	$	0.00	$	16,153,223.71
K		Increase to the Specified Reserve Account Balance	$	0.00	$	16,153,223.71
L		Regular Principal Distribution Amount — Principal Distribution Account	$	12,282,742.55	$	3,870,481.16
M		Carryover Servicing Fees	$	0.00	$	3,870,481.16
N		Swap Termination Payments	$	0.00	$	3,870,481.16
O		Additional Principal Distribution Amount — Principal Distribution Account	$	0.00	$	3,870,481.16
P		Remaining Funds to the Certificateholders	$	3,870,481.16	$	0.00

XIV. 2002-A Principal Distribution Account Allocations

					Remaining
					Funds Balance
A		Total from Collection Account	$	12,282,742.55	$	12,282,742.55
B	i	Class A-1 Principal Distribution Amount Paid	$	12,282,742.55	$	0.00
	ii	Class A-2 Principal Distribution Amount Paid	$	0.00	$	0.00
C		Class B Principal Distribution Amount Paid	$	0.00	$	0.00
D		Class C Principal Distribution Amount Paid	$	0.00	$	0.00
E		Remaining Class C Distribution Paid	$	0.00	$	0.00
F		Remaining Class B Distribution Paid	$	0.00	$	0.00
G	i	Remaining Class A-1 Distribution Paid	$	0.00	$	0.00
	ii	Remaining Class A-2 Distribution Paid	$	0.00	$	0.00

11

XV.    2002-A Distributions

A	Distribution Amounts					Class A-1		Class A-2		Class B		Class C
	i	Quarterly Interest Due				$	1,753,473.78	$	2,495,984.40	$	198,245.70	$	363,472.03
	ii	Quarterly Interest Paid					1,753,473.78		2,495,984.40		198,245.70		363,472.03
	iii	Interest Shortfall				$	0.00	$	0.00	$	0.00	$	0.00
	iv	Interest Carryover Due				$	0.00	$	0.00	$	0.00	$	0.00
	v	Interest Carryover Paid					0.00		0.00		0.00		0.00
	vi	Interest Carryover				$	0.00	$	0.00	$	0.00	$	0.00
	vii	Quarterly Principal Distribution Amount				$	12,282,742.55	$	0.00	$	0.00	$	0.00
	viii	Quarterly Principal Paid					12,282,742.55		0.00		0.00		0.00
	ix	Difference				$	0.00	$	0.00	$	0.00	$	0.00
	x	Total Distribution Amount				$	14,036,216.33	$	2,495,984.40	$	198,245.70	$	363,472.03
B	Note Balances				12/15/2004		Paydown Factors		3/15/2005
	i	A-1 Note Balance	78443CAA2	$	265,677,846.13			$	253,395,103.58
		A-1 Note Pool Factor			0.7814054		0.0361257		0.7452797
	ii	A-2 Note Balance	78443CAB0	$	328,419,000.00			$	328,419,000.00
		A-2 Note Pool Factor			1.0000000		0.0000000		1.0000000
	iii	B Note Balance	78443CAC8	$	23,742,000.00			$	23,742,000.00
		B Note Pool Factor			1.0000000		0.0000000		1.0000000
	iv	C Note Balance	78443CAD6	$	34,699,000.00			$	34,699,000.00
		C Note Pool Factor			1.0000000		0.0000000		1.0000000

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XVI.     2002-A     Historical Pool Information

						2004			2003			2002
			12/1/04-2/28/05			12/1/03-11/30/04			12/1/02-11/30/03			8/26/02-11/30/02
Beginning Student Loan Portfolio Balance			$	616,865,656.01		$	648,773,639.91		$	669,262,882.23		$	663,415,806.01
	Student Loan Principal Activity
	i	Principal Payments Received	$	12,884,107.28		$	43,778,007.75		$	40,774,111.16		$	9,045,364.96
	ii	Purchases by Servicer (Delinquencies >180)		2,524,884.77		$	6,280,306.90		$	1,613,577.68			45,333.74
	iii	Other Servicer Reimbursements		72.02		$	503.08		$	11,718.71			85.42
	iv	Seller Reimbursements		24,985.40			27,492.47			95,970.94			166,322.44
	v	Total Principal Collections	$	15,434,049.47		$	50,086,310.20		$	42,495,378.49		$	9,257,106.56
	Student Loan Non-Cash Principal Activity
	i	Realized Losses/Loans Charged Off	$	—		$	—		$	—		$	—
	ii	Capitalized Interest		(5,549,563.83	)		(16,871,460.38	)		(18,535,453.73	)		(13,326,412.85	)
	iii	Capitalized Insurance Fee		($537,638.77	)		(1,276,966.38	)		(1,905,113.32	)		($1,706,229.57	)
	iv	Other Adjustments		11,103.18			(29,899.54	)		(1,565,569.12	)		(71,540.36	)
	v	Total Non-Cash Principal Activity	$	(6,076,099.42	)	$	(18,178,326.30	)	$	(22,006,136.17	)	$	(15,104,182.78	)
(-)	Total Student Loan Principal Activity		$	9,357,950.05		$	31,907,983.90		$	20,489,242.32		$	(5,847,076.22	)
	Student Loan Interest Activity
	i	Interest Payments Received	$	5,978,213.98		$	19,896,179.25		$	18,140,445.85		$	3,704,616.78
	ii	Repurchases by Servicer (Delinquencies >180)		108,955.48		$	260,067.22		$	40,435.23			801.87
	iii	Other Servicer Reimbursements		1.21		$	33.62		$	317.62			14.58
	iv	Seller Reimbursements		1,121.28		$	361.34		$	3,351.04			10,055.09
	v	Late Fees		94,968.50		$	305,199.70		$	243,663.51			53,062.07
	vi	Collection Fees		—			—			—			—
	viii	Total Interest Collections		6,183,260.45		$	20,461,841.13		$	18,428,213.25			3,768,550.39
	Student Loan Non-Cash Interest Activity
	i	Realized Losses/Loans Charged Off	$	—		$	—		$	—		$	—
	ii	Capitalized Interest		5,549,563.83		$	16,871,460.38		$	18,535,453.73			13,326,412.85
	iii	Other Interest Adjustments		1,692.74			27,784.97			1,488,353.45			67,264.86
	iv	Total Non-Cash Interest Adjustments	$	5,551,256.57		$	16,899,245.35		$	20,023,807.18		$	13,393,677.71
	v	Total Student Loan Interest Activity	$	11,734,517.02		$	37,361,086.48		$	38,452,020.43		$	17,162,228.10
(=)	Ending Student Loan Portfolio Balance		$	607,507,705.96		$	616,865,656.01		$	648,773,639.91		$	669,262,882.23
(+)	Interest to be Capitalized		$	7,179,457.18		$	10,104,249.68		$	15,890,518.90		$	21,024,060.14
(=)	TOTAL POOL		$	614,687,163.14		$	626,969,905.69		$	664,664,158.81		$	690,286,942.37
(+)	Cash Capitalization Account Balance (CI)		$	40,178,192.00		$	40,178,192.00		$	40,178,192.00		$	40,178,192.00
(=)	Asset Balance		$	654,865,355.14		$	667,148,097.69		$	704,842,350.81		$	730,465,134.37

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XVII.      2002-A Payment History and CPRs

Distribution	Actual		Since Issued
Date	Pool Balances		CPR *
Dec-02	$	690,286,942		2.47	%
Mar-03	$	683,893,653		2.55	%
Jun-03	$	677,657,756		2.19	%
Sep-03	$	670,917,772		1.99	%
Dec-03	$	664,664,159		1.80	%
Mar-04	$	657,168,599		1.78	%
Jun-04	$	647,926,122		1.79	%
Sep-04	$	638,223,883		1.82	%
Dec-04	$	626,969,906		1.94	%
Mar-05	$	614,687,163		2.11	%

* “Since Issued CPR” is based on the current period’s ending pool balance
calculated against the original pool balance and assuming cutoff date pool data.

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