Keycorp Student Loan Trust 2002-a Inactive
Filed: 31 May 05, 12:00am
Exhibit 99(a)
Page 1 of 3
KEYCORP STUDENT LOAN TRUST 2002-A
Noteholders’ Statement pursuant to Section 5.07 of Sale and Servicing Agreement (capitalized terms used
herein are defined in Appendix A thereto)
Distribution Date:May 27, 2005
| (i) | Amount ofprincipalbeing paid or distributed in respect of theClass I-A-1Notes: | $ | 0.00 | |||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-A-1 Notes) | ||||||||||||||
| (ii) | Amount ofprincipalbeing paid or distributed in respect of theClass I-A-2Notes: | $ | 5,947,948.57 | |||||||||||||
| ($ | 32.50245120219 | per $1,000 original principal amount of Class II-A-2 Notes) | ||||||||||||||
| (iii) | Amount ofprincipalbeing paid or distributed in respect of theClass I-BNotes: | $ | 0.00 | |||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-B Notes) | ||||||||||||||
| (iv) | Amount ofprincipalbeing paid or distributed in respect of theClass II-A-1Notes: | $ | 0.00 | |||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class II-A-1 Notes) | ||||||||||||||
| (v) | Amount ofprincipalbeing paid or distributed in respect of theClass II-A-2Notes: | $ | 12,168,990.41 | |||||||||||||
| ($ | 21.96568666065 | per $1,000 original principal amount of Class II-A-2 Notes) | ||||||||||||||
| (vi) | Amount ofinterestbeing paid or distributed in respect of theClass I-A-1Notes: | $ | 0.00 | |||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-A-1 Notes) | ||||||||||||||
| (vii) | Amount ofinterestbeing paid or distributed in respect of theClass I-A-2Notes: | $ | 1,372,157.19 | |||||||||||||
| ($ | 7.49812672131 | per $1,000 original principal amount of Class I-A-2 Notes) | ||||||||||||||
| (viii) | Amount ofinterestbeing paid or distributed in respect of theClass I-BNotes: | $ | 71,959.56 | |||||||||||||
| ($ | 8.77555609756 | per $1,000 original principal amount of Class I-B Notes) | ||||||||||||||
| (ix) | Amount ofinterestbeing paid or distributed in respect of theClass II-A-1Notes: | $ | 0.00 | |||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class II-A-1 Notes) | ||||||||||||||
| (x) | Amount ofinterestbeing paid or distributed in respect of theClass II-A-2Notes: | $ | 4,389,676.60 | |||||||||||||
| ($ | 7.92360397112 | per $1,000 original principal amount of Class II-A-2 Notes) | ||||||||||||||
| (xi) | Amount of Noteholders’ Interest Index Carryover being paid or distributed (if any) and amount remaining (if any): | |||||||||||||||
| (1 | ) | Distributed to Class I-A-1 Noteholders: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-A-1 Notes) | ||||||||||||||
| (2 | ) | Distributed to Class I-A-2 Noteholders: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-A-2 Notes) | ||||||||||||||
| (3 | ) | Distributed to Class I-B Noteholders: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-B Notes) | ||||||||||||||
| (4 | ) | Distributed to Class II-A-1 Noteholders: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class II-A-1 Notes) | ||||||||||||||
| (5 | ) | Distributed to Class II-A-2 Noteholders: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class II-A-2 Notes) | ||||||||||||||
| (6 | ) | Balance on Class I-A-1 Notes: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-A-1 Notes) | ||||||||||||||
| (7 | ) | Balance on Class I-A-2 Notes: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-A-2 Notes) | ||||||||||||||
| (8 | ) | Balance on Class I-B Notes: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class I-B Notes) | ||||||||||||||
| (9 | ) | Balance on Class II-A-1 Notes: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class II-A-1 Notes) | ||||||||||||||
| (10 | ) | Balance on Class II-A-2 Notes: | $ | 0.00 | ||||||||||||
| ($ | 0.00000000000 | per $1,000 original principal amount of Class II-A-2 Notes) | ||||||||||||||
| (xii) | (X) Payments made under the Group I Cap Agreement on such date: | |||||||||||||||
| ($ | 0.00 | with respect to the Class I-A-1 Notes, | ||||||||||||||
| $ | 0.00 | with respect to Class I-A-2 Notes, and | ||||||||||||||
| $ | 0.00 | with respect to Class I-B Notes), and | ||||||||||||||
| (Y) payments made under the Group II Cap Agreement on such date: | ||||||||||||||||
| ($ | 0.00 | with respect to Class II-A-1 Notes and | ||||||||||||||
| $ | 0.00 | with respect to the Class II-A-2 Notes); and | ||||||||||||||
| the total outstanding amount owed to the Cap Provider: | ||||||||||||||||
| $ | 0.00 | with respect to the Group I Cap Agreement and | ||||||||||||||
| $ | 0.00 | with respect to the Group II Cap Agreement. | ||||||||||||||
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| (xiii) | (X) Group I Pool Balanceat the end of the related Collection Period: | $ | 184,504,334.66 | and | ||||||||||
| (Y) Group II Pool Balanceat the end of the related Collection Period: | $ | 533,659,820.99 | ||||||||||||
| (xiv) | After giving effect to distributions on this Distribution Date: | |||||||||||||
| (a) | (1 | ) | outstanding principalamount ofClass I-A-1Notes: | $ | 0.00 | |||||||||
| (2 | ) | Pool Factor for the Class I-A-1 Notes: | — | |||||||||||
| (b) | (1 | ) | outstanding principal amount ofClass I-A-2Notes: | $ | 176,304,334.66 | |||||||||
| (2 | ) | Pool Factor for the Class I-A-2 Notes: | 0.963411700 | |||||||||||
| (c) | (1 | ) | outstanding principal amount ofClass I-BNotes: | $ | 8,200,000.00 | |||||||||
| (2 | ) | Pool Factor for the Class I-B Notes: | 1.000000000 | |||||||||||
| (d) | (1 | ) | outstanding principal amount ofClass II-A-1Notes: | $ | 0.00 | |||||||||
| (2 | ) | Pool Factor for the Class II-A-1 Notes: | — | |||||||||||
| (e) | (1 | ) | outstanding principal amount ofClass II-A-2Notes: | $ | 533,659,820.99 | |||||||||
| (2 | ) | Pool Factor for the Class II-A-2 Notes: | 0.963284900 | |||||||||||
| (xv) | Note Interest Ratefor the Notes: | |||||||||
| (a) | In general: | |||||||||
| (1 | ) | Three-Month LIBOR for the period from the previous Distribution Date to this Distribution Date was 2.89000% | ||||||||
| (2 | ) | the Student Loan Rate was for Group I: | 5.98892% and Group II:5.04500% | |||||||
| (b) | Note Interest Rate for theClass I-A-1Notes: | 2.95000% based on Index-based Rate | ||||||||
| (c) | Note Interest Rate for theClass I-A-2Notes: | 3.08000% based onIndex-based Rate | ||||||||
| (d) | Note Interest Rate for theClass I-BNotes: | 3.59000% based onIndex-based Rate | ||||||||
| (e) | Note Interest Rate for theClass II-A-1Notes: | 3.02000% based onIndex-based Rate | ||||||||
| (f) | Note Interest Rate for theClass II-A-2Notes: | 3.29000% based onIndex-based Rate | ||||||||
| (xvi) | Amount ofMaster Servicing Fee for related Collection Period: | |||||||
| $ | 233,414.31 | with respect to theGroup IStudent Loans and | ||||||
| $ | 672,471.47 | with respect to theGroup II Student Loans | ||||||
| $ | (2.85347567237 | per $1,000 original principal amount of Class I-A-1 Notes, | ||||||
| $ | 1.27548803279 | per $1,000 original principal balance of Class I-A-2 Notes | ||||||
| $ | 28.46515975610 | per $1,000 original principal balance of Class I-B Notes, | ||||||
| $ | 5.01844380597 | per $1,000 original principal balance of Class II-A-1 Notes and | ||||||
| $ | 1.21384741877 | per $1,000 original principal balance of Class II-A-2 Notes); | ||||||
| (xvii) | Amount ofAdministration Fee for related Collection Period: | |||||||
| $ | 770.73 | with respect to theGroup I Notes and | ||||||
| $ | 2,229.27 | with respect to theGroup II Notes | ||||||
| $ | (0.00942212714 | per $1,000 original principal amount of Class I-A-1 Notes, | ||||||
| $ | 0.00421163934 | per $1,000 original principal balance of Class I-A-2 Notes | ||||||
| $ | 0.09399146341 | per $1,000 original principal balance of Class I-B Notes, | ||||||
| $ | 0.01663634328 | per $1,000 original principal balance of Class II-A-1 Notes and | ||||||
| $ | 0.00402395307 | per $1,000 original principal balance of Class II-A-2 Notes); | ||||||
| (xviii) | (a) Aggregate amount ofRealized Losses (if any) for the related Collection Period: | |||||||
| $ | 6,085.71 | with respect to theGroup I Student Loans | ||||||
| $ | 861,667.77 | with respect to theGroup II Student Loans | ||||||
| (b) Balance of Financed Student Loans that aredelinquent in each delinquency period as of the end of the related Collection Period: | ||||||||
with respect to theGroup I Student Loans | ||||||||
| # of Loans | $ Amount | |||||||
| 30-60 Days Delinquent | 116 | $ | 3,241,164 | |||||
| 61-90 Days Delinquent | 46 | $ | 1,027,733 | |||||
| 91-120 Days Delinquent | 57 | $ | 1,199,159 | |||||
| More than 120 Days Delinquent | 133 | $ | 2,359,058 | |||||
| Claims in Process | 9 | $ | 95,545 | |||||
and with respect to theGroup IIStudent Loans. | ||||||||
| # of Loans | $ Amount | |||||||
| 30-60 Days Delinquent | 834 | $ | 8,992,005 | |||||
| 61-90 Days Delinquent | 395 | $ | 4,673,809 | |||||
| 91-120 Days Delinquent | 241 | $ | 2,525,264 | |||||
| More than 120 Days Delinquent | 326 | $ | 3,955,986 | |||||
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| (xviiii) | Amount of theInsurer Premiumpaid to the Securities Insurer on such Distribution Date | $ | 160,109.78 | |||||||||
| (xx) | Amount received from the Securities Insurer with respect to the Group II Notes Guaranty Insurance Policy: $0.00 | |||||||||||
| (xxi) | Amount paid to the Securities Insurer in reimbursement of all Insured Payments made pursuant to the Group II Notes Guaranty Insurance Policy $0.00 | |||||||||||
| (xxii) | (A) | with respect to theGroup I Interest Rate Swap: | ||||||||||
| the Trust Swap Payment Amount paid to the Swap Counterparty on such Distribution Date: | $ | 34,255.62; | ||||||||||
| the amount of any Net Trust Swap Payment Carryover Shortfall for such Distribution Date: | $ | 0.00; | ||||||||||
| the Trust Swap Receipt Amount paid to the Trust on such Distribution Date: | $ | 0.00; | ||||||||||
| the Net Trust Swap Receipt Carryover Shortfall for such Distribution Date: | $ | 0.00; | ||||||||||
| and the amount of any Termination Payment either paid by or made to the Trust on such Distribution Date: $0.00; and | ||||||||||||
| (B) | with respect to theGroup II Interest Rate Swap : | |||||||||||
| the Trust Swap Payment Amount paid to the Swap Counterparty on such Distribution Date: | $ | 0.00; | ||||||||||
| the amount of any Net Trust Swap Payment Carryover Shortfall for such Distribution Date: | $ | 0.00; | ||||||||||
| the Trust Swap Receipt Amount paid to the Trust on such Distribution Date: | $ | 24,959.97; | ||||||||||
| the Net Trust Swap Receipt Carryover Shortfall for such Distribution Date: | $ | 0.00; | ||||||||||
| and the amount of any Termination Payment either paid by or made to the Trust on such Distribution Date: $0.00 | ||||||||||||
| (xxiii) | the Class I-A-1 Cap Payment paid to the Cap Provider on such Distribution Date: | $ | 0.00; | |||||||||
| the Class I-A-2 Cap Payment paid to the Cap Provider on such Distribution Date: | $ | 0.00; | ||||||||||
| Class I-B Cap Payment paid to the Cap Provider on such Distribution Date: | $ | 0.00; | ||||||||||
| Class II-A-1 Cap Payment paid to the Cap Provider on such Distribution Date | $0.00; | and | ||||||||||
| Class II-A-2 Cap Payment paid to the Cap Provider on such Distribution Date: | $ | 0.00. | ||||||||||
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