SLM Student Loan Trust 2002-6 Quarterly Servicing Report
Collection Period 09/01/2005-11/30/2005 Distribution Date 12/15/2005
Indenture Trustee: Bank of New York
I. Deal Parameters
| A | Student Loan Portfolio Characteristics | 08/29/2002 | 08/31/2005 | 11/30/2005 | ||||||||||||
| Principal Balance | $ | 1,961,617,208.92 | $ | 743,831,372.71 | $ | 621,058,815.22 | ||||||||||
| Interest to be Capitalized Balance | 42,089,660.23 | 19,236,145.07 | 12,178,515.13 | |||||||||||||
| Pool Balance | $ | 2,003,706,869.15 | $ | 763,067,517.78 | $ | 633,237,330.35 | ||||||||||
| Specified Reserve Account Balance | 5,009,267.00 | -N/A- | -N/A- | |||||||||||||
| Adjusted Pool (1) | $ | 2,008,716,136.15 | $ | 763,067,517.78 | $ | 633,237,330.35 | ||||||||||
| Weighted Average Coupon (WAC) | 3.65 | % | 5.07 | % | 5.14 | % | ||||||||||
| Weighted Average Remaining Term | 136.82 | 116.92 | 115.47 | |||||||||||||
| Number of Loans | 477,683 | 224,135 | 198,318 | |||||||||||||
| Number of Borrowers | 258,393 | 129,558 | 115,300 | |||||||||||||
| Since Issued CPR | 26.17 | % | 28.32 | % | ||||||||||||
| (1) The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than 40% of the original pool. | ||||||||||||||||
| B | Debt Securities | Cusip/Isin | 09/15/2005 | 12/15/2005 | ||||||||||||
| A1 | 78442GEF9 | $ | — | $ | — | |||||||||||
| A2 | 78442GEG7 | $ | — | $ | — | |||||||||||
| A3 | 78442GEH5 | $ | — | $ | — | |||||||||||
| A4L | 78442GEJ1 | $ | 525,671,286.89 | $ | 428,502,781.83 | |||||||||||
| A4CP | 78442GEK8 | $ | 176,696,230.89 | $ | 144,034,548.52 | |||||||||||
| B | 78442GEL6 | $ | 60,700,000.00 | $ | 60,700,000.00 | |||||||||||
| C | Account Balances | 09/15/2005 | 12/15/2005 | |||||||||||||
| Reserve Account Balance | $ | 2,003,707.00 | $ | 2,003,707.00 | ||||||||||||
| D | Asset / Liability | 09/15/2005 | 12/15/2005 | |||||||||||||
| Adjusted Pool Balance | $ | 763,067,517.78 | $ | 633,237,330.35 | ||||||||||||
| Total Notes | $ | 763,067,517.78 | $ | 633,237,330.35 | ||||||||||||
| Difference | $ | — | $ | — | ||||||||||||
| Parity Ratio | 1.00000 | 1.00000 | ||||||||||||||
Page 1 of 8
II. Trust Activity 09/01/2005 through 11/30/2005
| A | Student Loan Principal Receipts | |||||||
| Borrower Principal | 7,685,283.55 | |||||||
| Guarantor Principal | 7,444,336.33 | |||||||
| Consolidation Activity Principal | 114,593,099.40 | |||||||
| Seller Principal Reimbursement | 13.13 | |||||||
| Servicer Principal Reimbursement | 37.63 | |||||||
| Rejected Claim Repurchased Principal | 36,563.25 | |||||||
| Other Principal Deposits | 31,106.40 | |||||||
| Total Principal Receipts | $ | 129,790,439.69 | ||||||
| B | Student Loan Interest Receipts | |||||||
| Borrower Interest | 1,995,956.94 | |||||||
| Guarantor Interest | 170,167.21 | |||||||
| Consolidation Activity Interest | 4,875,121.77 | |||||||
| Special Allowance Payments | 1,423,063.99 | |||||||
| Interest Subsidy Payments | 2,082,083.67 | |||||||
| Seller Interest Reimbursement | 0.04 | |||||||
| Servicer Interest Reimbursement | 18,319.84 | |||||||
| Rejected Claim Repurchased Interest | 1,796.78 | |||||||
| Other Interest Deposits | 196,816.71 | |||||||
| Total Interest Receipts | $ | 10,763,326.95 | ||||||
| C | Investment Income | $ | 837,228.62 | |||||
| D | Funds Borrowed from Next Collection Period | $ | — | |||||
| E | Funds Repaid from Prior Collection Period | $ | — | |||||
| F | Loan Sale or Purchase Proceeds | $ | — | |||||
| G | Initial Deposits to Collection Account | $ | — | |||||
| H | Other Deposits | $ | 32,839.05 | |||||
| I | Less: Funds Previously Remitted: | |||||||
| Servicing Fees | $ | (1,089,747.35 | ) | |||||
| Consolidation Loan Rebate Fees | $ | — | ||||||
| Total Funds Previously Remitted | $ | (1,089,747.35 | ) | |||||
| J | AVAILABLE FUNDS | $ | 140,334,086.96 | |||||
| K | Non-Cash Principal Activity During Collection Period | $ | (7,017,882.20 | ) | ||||
| L | Non-Reimbursable Losses During Collection Period | $ | — | |||||
| M | Aggregate Purchased Amounts by the Depositor, Servicer or Seller | $ | 39,290.03 | |||||
| N | Aggregate Loan Substitutions | $ | — | |||||
Trust 2002-6 Quarterly Servicing Report: Collection Period 09/01/2005 — 11/30/2005, Distribution Date 12/15/2005
Page 2 of 8
III. 2002-6 Portfolio Characteristics
| 11/30/2005 | 08/31/2005 | ||||||||||||||||||||||||||||||||||
| WAC | #Loans | Principal | %of Principal | WAC | #Loans | Principal | %of Principal | ||||||||||||||||||||||||||||
| INTERIM: | IN SCHOOL | 4.70 | % | 28,916 | $ | 90,257,167.53 | 14.533 | % | 4.70 | % | 33,388 | $ | 106,193,665.49 | 14.277 | % | ||||||||||||||||||||
| GRACE | 4.70 | % | 8,631 | $ | 33,290,653.72 | 5.360 | % | 4.70 | % | 25,893 | $ | 126,839,245.74 | 17.052 | % | |||||||||||||||||||||
| DEFERMENT | 4.73 | % | 30,664 | $ | 101,110,262.91 | 16.280 | % | 4.73 | % | 33,916 | $ | 119,885,641.03 | 16.117 | % | |||||||||||||||||||||
| REPAYMENT: | CURRENT | 5.41 | % | 70,227 | $ | 202,864,062.09 | 32.664 | % | 5.44 | % | 73,691 | $ | 201,377,551.38 | 27.073 | % | ||||||||||||||||||||
| 31-60 DAYS DELINQUENT | 5.41 | % | 7,804 | $ | 23,792,882.15 | 3.831 | % | 5.39 | % | 8,716 | $ | 28,436,720.30 | 3.823 | % | |||||||||||||||||||||
| 61-90 DAYS DELINQUENT | 5.41 | % | 4,633 | $ | 14,207,337.24 | 2.288 | % | 5.41 | % | 5,684 | $ | 17,482,925.95 | 2.350 | % | |||||||||||||||||||||
| 91-120 DAYS DELINQUENT | 5.39 | % | 3,622 | $ | 11,285,411.71 | 1.817 | % | 5.40 | % | 3,923 | $ | 12,269,167.22 | 1.649 | % | |||||||||||||||||||||
| > 120 DAYS DELINQUENT | 5.39 | % | 10,993 | $ | 34,241,852.43 | 5.513 | % | 5.38 | % | 13,816 | $ | 41,385,479.16 | 5.564 | % | |||||||||||||||||||||
| FORBEARANCE | 5.36 | % | 30,326 | $ | 102,532,962.39 | 16.509 | % | 5.36 | % | 23,203 | $ | 84,576,809.50 | 11.370 | % | |||||||||||||||||||||
| CLAIMS IN PROCESS | 5.36 | % | 2,490 | $ | 7,458,837.82 | 1.201 | % | 5.41 | % | 1,883 | $ | 5,332,888.49 | 0.717 | % | |||||||||||||||||||||
| AGED CLAIMS REJECTED | 5.30 | % | 12 | $ | 17,385.23 | 0.003 | % | 5.30 | % | 22 | $ | 51,278.45 | 0.007 | % | |||||||||||||||||||||
TOTAL | 198,318 | $ | 621,058,815.22 | 100.00 | % | 224,135 | $ | 743,831,372.71 | 100.00 | % | |||||||||||||||||||||||||
| * | Percentages may not total 100% due to rounding |
Trust 2002-6 Quarterly Servicing Report: Collection Period 09/01/2005 — 11/30/2005, Distribution Date 12/15/2005
Page 3 of 8
IV. 2002-6 Portfolio Characteristics (cont’d)
| 11/30/2005 | 08/31/2005 | |||||||
| Pool Balance | $ | 633,237,330.35 | $ | 763,067,517.78 | ||||
| Total # Loans | 198,318 | 224,135 | ||||||
| Total # Borrowers | 115,300 | 129,558 | ||||||
| Weighted Average Coupon | 5.14 | % | 5.07 | % | ||||
| Weighted Average Remaining Term | 115.47 | 116.92 | ||||||
| Non-Reimbursable Losses | $ | — | $ | 35.35 | ||||
| Cumulative Non-Reimbursable Losses | $ | 533,987.25 | $ | 533,987.25 | ||||
| Since Issued CPR | 28.32 | % | 26.17 | % | ||||
| Loan Substitutions | $ | — | $ | — | ||||
| Cumulative Loan Substitutions | $ | — | $ | — | ||||
| Rejected Claim Repurchases | $ | 38,360.03 | $ | 16,501.31 | ||||
| Cumulative Rejected Claim Repurchases | $ | 135,732.90 | $ | 97,372.87 | ||||
| Cumulative Claims Filed | $ | 89,826,551.71 | $ | 79,401,308.14 | ||||
| Unpaid Primary Servicing Fees | $ | — | $ | — | ||||
| Unpaid Administration Fees | $ | — | $ | — | ||||
| Unpaid Carryover Servicing Fees | $ | — | $ | — | ||||
| Note Principal Shortfall | $ | — | $ | — | ||||
| Note Interest Shortfall | $ | — | $ | — | ||||
| Unpaid Interest Carryover | $ | — | $ | — | ||||
| Borrower Interest Accrued | $ | 6,874,755.87 | $ | 7,125,097.79 | ||||
| Interest Subsidy Payments Accrued | $ | 1,772,140.15 | $ | 1,924,946.74 | ||||
| Special Allowance Payments Accrued | $ | 1,849,164.19 | $ | 2,564,404.45 | ||||
Trust 2002-6 Quarterly Servicing Report: Collection Period 09/01/2005 — 11/30/2005, Distribution Date 12/15/2005
Page 4 of 8
V.2002-6 Portfolio Statistics by School and Program
| A | LOAN TYPE | WAC | # LOANS | $ AMOUNT | % * | |||||||||||||
| - GSL - Subsidized | 5.13 | % | 114,344 | $ | 309,873,976.82 | 49.894 | % | |||||||||||
| - GSL - Unsubsidized | 5.07 | % | 78,177 | 286,547,040.56 | 46.138 | % | ||||||||||||
| - PLUS Loans | 6.18 | % | 5,795 | 24,633,636.65 | 3.966 | % | ||||||||||||
| - SLS Loans | 6.50 | % | 2 | 4,161.19 | 0.001 | % | ||||||||||||
| - Consolidation Loans | 0.00 | % | 0 | 0.00 | 0.000 | % | ||||||||||||
| Total | 5.14 | % | 198,318 | $ | 621,058,815.22 | 100.000 | % | |||||||||||
| B | SCHOOL TYPE | WAC | # LOANS | $ AMOUNT | % * | |||||||||||||
| - Four Year | 5.12 | % | 155,748 | $ | 524,007,306.04 | 84.373 | % | |||||||||||
| - Two Year | 5.20 | % | 34,146 | 77,519,760.79 | 12.482 | % | ||||||||||||
| - Technical | 5.44 | % | 8,424 | 19,531,748.39 | 3.145 | % | ||||||||||||
| - Other | 0.00 | % | 0 | 0.00 | 0.000 | % | ||||||||||||
| Total | 5.14 | % | 198,318 | $ | 621,058,815.22 | 100.000 | % | |||||||||||
| * | Percentages may not total 100% due to rounding. |
Trust 2002-6 Quarterly Servicing Report: Collection Period 09/01/2005 — 11/30/2005, Distribution Date 12/15/2005
Page 5 of 8
VI. 2002-6 Waterfall for Distributions
| Remaining | ||||||||||
| Paid | Funds Balance | |||||||||
| Total Available Funds | $ | 140,334,086.96 | ||||||||
| A | Primary Servicing Fee | $ | 498,406.13 | $ | 139,835,680.83 | |||||
| B | Administration Fee | $ | 20,000.00 | $ | 139,815,680.83 | |||||
| C | Class A Noteholders' Interest Distribution Amount | $ | 7,209,055.82 | $ | 132,606,625.01 | |||||
| D | Class B Noteholders' Interest Distribution Amount | $ | 664,378.36 | $ | 131,942,246.65 | |||||
| E | Class A Noteholders' Principal Distribution Amount | $ | 129,830,187.43 | $ | 2,112,059.22 | |||||
| F | Class B Noteholders' Principal Distribution Amount | $ | — | $ | 2,112,059.22 | |||||
| G | Reserve Account Reinstatement | $ | — | $ | 2,112,059.22 | |||||
| H | Carryover Servicing Fee | $ | — | $ | 2,112,059.22 | |||||
| I | Excess Distribution | $ | 2,112,059.22 | $ | — | |||||
Trust 2002-5 Quarterly Servicing Report: Collection Period 09/01/2005 — 11/30/2005, Distribution Date 12/15/2005
Page 6 of 8
VII. 2002-6 Distributions
| Distribution Amounts | A4L | A4CP | B | |||||||||
| Cusip/Isin | 78442GEJ1 | 78442GEK8 | 78442GEL6 | |||||||||
| Beginning Balance | $ | 525,671,286.89 | $ | 176,696,230.89 | $ | 60,700,000.00 | ||||||
| Index | LIBOR | CPf | LIBOR | |||||||||
| Spread/Fixed Rate | 0.18 | % | 0.30 | % | 0.46 | % | ||||||
| Record Date | 1 NEW YORK BUSINESS DAY | 1 NEW YORK BUSINESS DAY | 1 NEW YORK BUSINESS DAY | |||||||||
| Accrual Period Begin | 09/15/2005 | 09/15/2005 | 09/15/2005 | |||||||||
| Accrual Period End | 12/15/2005 | 12/15/2005 | 12/15/2005 | |||||||||
| Daycount Fraction | 0.25277778 | 0.24931507 | 0.25277778 | |||||||||
| Interest Rate | 4.05000 | % | 4.14840 | % | 4.33000 | % | ||||||
| Accrued Interest Factor | 0.010237500 | 0.010342586 | 0.010945278 | |||||||||
| Current Interest Due | $ | 5,381,559.80 | $ | 1,827,496.02 | $ | 664,378.36 | ||||||
| Interest Shortfall from Prior Period Plus Accrued Interest | $ | — | $ | — | $ | — | ||||||
| Total Interest Due | $ | 5,381,559.80 | $ | 1,827,496.02 | $ | 664,378.36 | ||||||
| Interest Paid | $ | 5,381,559.80 | $ | 1,827,496.02 | $ | 664,378.36 | ||||||
| Interest Shortfall | $ | — | $ | — | $ | — | ||||||
| Carryover Interest Shortfall from Prior Period Plus Accrued Interest | $ | — | $ | — | $ | — | ||||||
| Current Interest Carryover Due | $ | — | $ | — | $ | — | ||||||
| Interest Carryover Paid | $ | — | $ | — | $ | — | ||||||
| Unpaid Interest Carryover | $ | — | $ | — | $ | — | ||||||
| Principal Paid | $ | 97,168,505.06 | $ | 32,661,682.37 | $ | — | ||||||
| Ending Principal Balance | $ | 428,502,781.83 | $ | 144,034,548.52 | $ | 60,700,000.00 | ||||||
| Paydown Factor | 0.163308412 | 0.163308412 | 0.000000000 | |||||||||
| Ending Balance Factor | 0.720172743 | 0.720172743 | 1.000000000 | |||||||||
Trust 2002-6 Quarterly Servicing Report: Collection Period 09/01/2005 — 11/30/2005, Distribution Date 12/15/2005
Page 7 of 8
VIII. 2002-6 Reconciliations
| A | Principal Distribution Reconciliation | |||||
| Prior Adjusted Pool Balance | $ | 763,067,517.78 | ||||
| Current Adjusted Pool Balance | $ | 633,237,330.35 | ||||
| Current Principal Due | $ | 129,830,187.43 | ||||
| Principal Shortfall from Previous Collection Period | $ | — | ||||
| Principal Distribution Amount | $ | 129,830,187.43 | ||||
| Principal Paid | $ | 129,830,187.43 | ||||
| Principal Shortfall | $ | — | ||||
| B | Reserve Account Reconciliation | |||||
| Beginning Period Balance | $ | 2,003,707.00 | ||||
| Reserve Funds Utilized | 0.00 | |||||
| Reserve Funds Reinstated | 0.00 | |||||
| Excess Distribution Deposit | 2,112,059.22 | |||||
| Balance Available | $ | 4,115,766.22 | ||||
| Required Reserve Acct Balance | $ | 2,003,707.00 | ||||
| Release to Excess Distribution Certificateholder | $ | 2,112,059.22 | ||||
| Ending Reserve Account Balance | $ | 2,003,707.00 | ||||
Trust 2002-6 Quarterly Servicing Report: Collection Period 09/01/2005 — 11/30/2005, Distribution Date 12/15/2005
Page 8 of 8
