SLM Private Credit Student Loan Trust 2002-A 8-K Other Events

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

Report Date: 5/31/2005 Reporting Period: 3/1/05-5/31/05

I.     Deal Parameters

	Student Loan Portfolio Characteristics		2/28/2005			Activity			5/31/2005
A	i	Portfolio Balance	$	607,507,705.96		$	(13,690,853.11	)	$	593,816,852.85
	ii	Interest to be Capitalized		7,179,457.18						6,900,121.80
	iii	Total Pool	$	614,687,163.14					$	600,716,974.65
	iv	Cash Capitalization Account (CI)		40,178,192.00						40,178,192.00
	v	Asset Balance	$	654,865,355.14					$	640,895,166.65
	i	Weighted Average Coupon (WAC)		6.198	%					6.484	%
	ii	Weighted Average Remaining Term		173.97						172.47
	iii	Number of Loans		63,788						62,636
	iv	Number of Borrowers		43,219						42,388
	vi	Prime Loans Outstanding	$	537,371,467.72					$	526,298,772.40
	vii	T-bill Loans Outstanding	$	76,414,235.99					$	73,815,494.80
	viii	Fixed Loans Outstanding	$	901,459.43					$	602,707.45

										% of					% of
		Notes	Cusips		Spread			Balance 3/15/05		O/S Securities**			Balance 6/15/05		O/S Securities**
B	i	A-1 Notes		78443CAA2		0.150	%	$	253,395,103.58		39.577	%	$	239,424,915.09		38.229	%
	ii	A-2 Notes		78443CAB0		0.550	%		328,419,000.00		51.295	%		328,419,000.00		52.439	%
	iii	B Notes		78443CAC8		0.850	%		23,742,000.00		3.708	%		23,742,000.00		3.791	%
	iv	C Notes		78443CAD6		1.700	%		34,699,000.00		5.420	%		34,699,000.00		5.540	%
	v	Total Notes						$	640,255,103.58		100.000	%	$	626,284,915.09		100.000	%

			3/15/2005		6/15/2005
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: 3/1/2005 through: 5/31/2005

A	Student Loan Principal Activity
	i	Principal Payments Received	$	14,256,632.00
	ii	Purchases by Servicer (Delinquencies >180)		2,232,338.35
	iii	Other Servicer Reimbursements		95.62
	iv	Other Principal Reimbursements		11,641.47
	v	Total Principal Collections	$	16,500,707.44
B	Student Loan Non-Cash Principal Activity
	i	Realized Losses/Loans Charged Off	$	—
	ii	Capitalized Interest		(2,738,658.11	)
	iii	Capitalized Insurance Fee		(72,121.51	)
	iv	Other Adjustments		925.29
	v	Total Non-Cash Principal Activity	$	(2,809,854.33	)
C	Total Student Loan Principal Activity		$	13,690,853.11
D	Student Loan Interest Activity
	i	Interest Payments Received	$	6,854,433.13
	ii	Purchases by Servicer (Delinquencies >180)		102,460.82
	iii	Other Servicer Reimbursements		5.36
	iv	Other Interest Reimbursements		47.81
	v	Late Fees		118,145.58
	vi	Collection Fees		0.00
	vii	Total Interest Collections	$	7,075,092.70
E	Student Loan Non-Cash Interest Activity
	i	Realized Losses/Loans Charged Off	$	—
	ii	Capitalized Interest		2,738,658.11
	iii	Other Interest Adjustments		(276.17	)
	iv	Total Non-Cash Interest Adjustments	$	2,738,381.94
F	Total Student Loan Interest Activity		$	9,813,474.64

2

III. 2002-A Collection Account Activity 3/1/2005 through: 5/31/2005

A	Principal Collections
	i	Principal Payments Received	$	14,064,969.37
	ii	Consolidation Principal Payments		191,662.63
	iii	Purchases by Servicer (Delinquencies >180)		2,232,338.35
	iv	Reimbursements by Seller		0.00
	v	Reimbursements by Servicer		95.62
	vi	Other Re-purchased Principal		11,641.47
	vii	Total Principal Collections	$	16,500,707.44
B	Interest Collections
	i	Interest Payments Received	$	6,853,651.95
	ii	Consolidation Interest Payments		781.18
	iii	Purchases by Servicer (Delinquencies >180)		102,460.82
	iv	Reimbursements by Seller		0.00
	v	Reimbursements by Servicer		5.36
	vi	Other Re-purchased Interest		47.81
	viii	Collection Fees/Return Items		0.00
	ix	Late Fees		118,145.58
	x	Total Interest Collections	$	7,075,092.70
C	Recoveries on Realized Losses		$	—
D	Funds Borrowed from Next Collection Period		$	—
E	Funds Repaid from Prior Collection Periods		$	—
F	Investment Income		$	381,193.04
G	Borrower Incentive Reimbursements		$	75,027.62
H	Gross Swap Receipt		$	4,133,580.75
I	Other Deposits		$	104,200.70
	TOTAL FUNDS RECEIVED		$	28,269,802.25
	LESS FUNDS PREVIOUSLY REMITTED:
		Servicing Fees	$	(705,928.57	)
	AVAILABLE FUNDS PRIOR TO RELEASE FROM CASH CAPITALIZATION ACCOUNT		$	27,563,873.68
J	Amount Released from Cash Capitalizaton Account		$	—
K	AVAILABLE FUNDS		$	27,563,873.68
L	Servicing Fees Due for Current Period		$	348,963.82
M	Carryover Servicing Fees Due		$	—
N	Administration Fees Due		$	20,000.00
O	Total Fees Due for Period		$	368,963.82

3

IV. 2002-A Loss and Recovery Detail

A	i	Cumulative Realized Losses Test		% of Initial Pool		2/28/2005		5/31/2005
			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			$	10,464,103.09	$	12,696,441.44
	iii	Cumulative Interest Purchases by Servicer				410,259.80		512,720.62
	iv	Total Gross Defaults:			$	10,874,362.89	$	13,209,162.06

4

V. 2002-A Portfolio Characteristics

	Weighted Avg Coupon						# of Loans				% *						Principal Amount				% *
STATUS	2/28/2005			5/31/2005			2/28/2005		5/31/2005		2/28/2005			5/31/2005			2/28/2005		5/31/2005		2/28/2005			5/31/2005
INTERIM:
In School		6.085	%		6.376	%		1,927		1,299		3.021	%		2.074	%	$	15,996,295.81	$	10,433,594.26		2.633	%		1.757	%
Grace		5.557	%		6.056	%		1,524		1,720		2.389	%		2.746	%	$	13,560,839.46	$	15,762,886.31		2.232	%		2.655	%
Deferment		6.148	%		6.473	%		5,796		5,128		9.086	%		8.187	%	$	51,042,829.68	$	45,470,279.11		8.402	%		7.657	%
TOTAL INTERIM		6.036	%		6.367	%		9,247		8,147		14.496	%		13.007	%	$	80,599,964.95	$	71,666,759.68		13.267	%		12.069	%
REPAYMENT
Active
Current		6.144	%		6.413	%		48,410		48,955		75.892	%		78.158	%	$	463,224,292.73	$	462,078,249.31		76.250	%		77.815	%
31-60 Days Delinquent		6.798	%		7.107	%		1,286		1,105		2.016	%		1.764	%	$	11,797,914.19	$	9,472,424.79		1.942	%		1.595	%
61-90 Days Delinquent		7.046	%		7.667	%		618		395		0.969	%		0.631	%	$	5,732,889.56	$	3,596,775.63		0.944	%		0.606	%
91-120 Days Delinquent		7.182	%		7.116	%		315		376		0.494	%		0.600	%	$	2,642,229.13	$	3,442,397.05		0.435	%		0.580	%
121-150 Days Delinquent		7.255	%		7.281	%		289		242		0.453	%		0.386	%	$	2,399,602.36	$	2,183,532.56		0.395	%		0.368	%
151-180 Days Delinquent		8.074	%		7.789	%		134		113		0.210	%		0.180	%	$	1,281,242.20	$	976,653.01		0.211	%		0.164	%
> 180 Days Delinquent		0.000	%		0.000	%		0		0		0.000	%		0.000	%	$	—	$	—		0.000	%		0.000	%
Forbearance		6.656	%		7.122	%		3,489		3,303		5.470	%		5.273	%	$	39,829,570.84	$	40,400,060.82		6.556	%		6.803	%
TOTAL REPAYMENT		6.222	%		6.500	%		54,541		54,489		85.504	%		86.993	%	$	526,907,741.01	$	522,150,093.17		86.733	%		87.931	%
GRAND TOTAL		6.198	%		6.484	%		63,788		62,636		100.000	%		100.000	%	$	607,507,705.96	$	593,816,852.85		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		6.489	%		36,813	$	296,915,403.02		50.001	%
- Law Loans		7.158	%		12,364		133,826,140.72		22.537	%
- Med Loans		5.835	%		7,540		79,483,764.38		13.385	%
- MBA Loans		5.995	%		5,919		83,591,544.73		14.077	%
- Total		6.484	%		62,636	$	593,816,852.85		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			$	537,371,467.72
Counterparty Pays:
ii	3 Month Libor				3.01000	%
iii	Gross Swap Receipt Due Trust			$	4,133,580.75
iv	Days in Period	3/15/2005	6/15/2005		92
SLM Private Credit Trust Pays:
v	Prime Rate (WSJ) Less 2.7000%				2.80000	%
vi	Gross Swap Payment Due Counterparty			$	3,792,517.54
vii	Days in Period	3/15/2005	6/15/2005		92

VIII. 2002-A Accrued Interest Factors

		Accrued
		Int Factor		Accrual Period	Rate
A	Class A-1 Interest Rate		0.008075556	3/15/05 - 6/15/05		3.16000	%
B	Class A-2 Interest Rate		0.009097778	3/15/05 - 6/15/05		3.56000	%
C	Class B Interest Rate		0.009864444	3/15/05 - 6/15/05		3.86000	%
D	Class C Interest Rate		0.012036667	3/15/05 - 6/15/05		4.71000	%

7

IX. 2002-A Input from Prior Date 2/28/05

A	Total Student Loan Pool Outstanding
	i            Portfolio Balance			$	607,507,705.96
	ii           Interest To Be Capitalized				7,179,457.18,
	iii         Total Pool			$	614,687,163.14
	iv         Cash Capitalization Account (CI)				40,178,192.00
	v          Asset Balance			$	654,865,355.14
B	Total Note and Certificate Factor				0.880850700
C	Total Note Balance			$	640,255,103.58
D	Note Balance 3/15/2005	Class A-1		Class A-2		Class B		Class C
	i            Current Factor		0.745279700		1.000000000		1.000000000		1.000000000
	ii           Expected Note Balance	$	253,395,103.58	$	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 Primary Servicing Fees from Prior Month(s)			$	0.00
J	Unpaid Administration fees from Prior Quarter(s)			$	0.00

8

X. 2002-A Note Parity Triggers

		Class A		Class B		Class C
Notes Outstanding	3/15/05	$	581,814,104	$	605,556,104	$	640,255,104
Asset Balance	2/28/05	$	654,865,355	$	654,865,355	$	654,865,355
Pool Balance	5/31/05	$	600,716,975	$	600,716,975	$	600,716,975
Amounts on Deposit*	6/15/05		58,546,395		58,312,193		57,894,533
Total		$	659,263,370	$	659,029,168	$	658,611,508
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		$	96,134,275.00	The greater of 15% of the Asset Balance or the Specified Overcollateralization Amount
Class B Enhancement		$	49,309,251.56
Specified Class B Enhancement		$	64,890,635.62	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		$	19,226,855.00	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

XI. 2002-A Cash Capitalization Account

Cash Capitalization Account Balance as of Collection End Date	5/31/2005	$	40,178,192.00
Less: Excess of Trust fees & Note interest due over Available Funds	6/15/2005	$	—
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	3/15/2005	$	581,814,103.58
	iii	Asset Balance	5/31/2005	$	640,895,166.65
	iv	First Priority Principal Distribution Amount	6/15/2005	$	—
					—
	v	Is the Class B Note Parity Trigger in Effect?		No
	vi	Aggregate A and B Notes Outstanding	3/15/2005	$	605,556,103.58
	vii	Asset Balance	5/31/2005	$	640,895,166.65
	viii	First Priority Principal Distribution Amount	6/15/2005	$	—
	ix	Second Priority Principal Distribution Amount	6/15/2005	$	—
	x	Is the Class C Note Parity Trigger in Effect?		No
	xi	Aggregate A, B and C Notes Outstanding	3/15/2005	$	640,255,103.58
	xii	Asset Balance	5/31/2005	$	640,895,166.65
	xiii	First Priority Principal Distribution Amount	6/15/2005	$	—
	xiv	Second Priority Principal Distribution Amount	6/15/2005	$	—
	xv	Third Priority Principal Distribution Amount	6/15/2005	$	—
					—
B	Regular Principal Distribution
	i	Aggregate Notes Outstanding	3/15/2005	$	640,255,103.58
	ii	Asset Balance	5/31/2005	$	640,895,166.65
	iii	Specified Overcollateralization Amount	6/15/2005	$	14,610,251.56
	iv	First Priority Principal Distribution Amount	6/15/2005	$	—
	v	Second Priority Principal Distribution Amount	6/15/2005	$	—
	vi	Third Priority Principal Distribution Amount	6/15/2005	$	—
	vii	Regular Principal Distribution Amount		$	13,970,188.49
C	Class A Noteholders’ Principal Distribution Amounts
	i	Has the Stepdown Date Occurred?		No
	ii	Aggregate Class A Notes Outstanding	3/15/2005	$	581,814,103.58
	iii	Asset Balance	5/31/2005	$	640,895,166.65
	iv	85% of Asset Balance	5/31/2005	$	544,760,891.65
	v	Specified Overcollateralization Amount	6/15/2005	$	14,610,251.56
	vi	Lesser of (iii) and (ii – iv)		$	544,760,891.65
	vii	Class A Noteholders’ Principal Distribution Amt – Before the Stepdown Date		$	13,970,188.49
	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	3/15/2005	$	23,742,000.00
	iii	Asset Balance	5/31/2005	$	640,895,166.65
	iv	89.875% of Asset Balance	5/31/2005	$	576,004,531.03
	v	Specified Overcollateralization Amount	6/15/2005	$	14,610,251.56
	vi	Lesser of (iii) and (ii – iv)		$	576,004,531.03
	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	3/15/2005	$	34,699,000.00
	iii	Asset Balance	5/31/2005	$	640,895,166.65
	iv	97% of Asset Balance	5/31/2005	$	621,668,311.65
	v	Specified Overcollateralization Amount	6/15/2005	$	14,610,251.56
	vi	Lesser of (iii) and (ii – iv)		$	621,668,311.65
	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 )		$	27,563,873.68	$	27,563,873.68
B	Primary Servicing Fees-Current Month plus any Unpaid		$	348,963.82	$	27,214,909.86
C	Quarterly Administration Fee plus any Unpaid		$	20,000.00	$	27,194,909.86
D	Gross Swap Payment		$	3,792,517.54	$	23,402,392.32
E	i	Class A-1 Noteholders' Interest Distribution Amount	$	2,046,306.24	$	21,356,086.08
	ii	Class A-2 Noteholders' Interest Distribution Amount	$	2,987,883.08	$	18,368,203.00
F	First Priority Principal Distribution Amount - Principal Distribution Account		$	0.00	$	18,368,203.00
G	Class B Noteholders’ Interest Distribuition Amount		$	234,201.64	$	18,134,001.36
H	Second Priority Principal Distribution Amount - Principal Distribution Account		$	0.00	$	18,134,001.36
I	Class C Noteholders’ Interest Distribuition Amount		$	417,660.30	$	17,716,341.06
J	Third Priority Principal Distribution Amount - Principal Distribution Account		$	0.00	$	17,716,341.06
K	Increase to the Specified Reserve Account Balance		$	0.00	$	17,716,341.06
L	Regular Principal Distribution Amount - Principal Distribution Account		$	13,970,188.49	$	3,746,152.57
M	Carryover Servicing Fees		$	0.00	$	3,746,152.57
N	Swap Termination Payments		$	0.00	$	3,746,152.57
O	Additional Principal Distribution Amount - Principal Distribution Account		$	0.00	$	3,746,152.57
P	Remaining Funds to the Certificateholders		$	3,746,152.57	$	0.00

XIV. 2002-A Principal Distribution Account Allocations

					Remaining
					Funds Balance
A	Total from Collection Account		$	13,970,188.49	$	13,970,188.49
B	i	Class A-1 Principal Distribution Amount Paid	$	13,970,188.49	$	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				$	2,046,306.24	$	2,987,883.08	$	234,201.64	$	417,660.30
	ii	Quarterly Interest Paid					2,046,306.24		2,987,883.08		234,201.64		417,660.30
	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				$	13,970,188.49	$	0.00	$	0.00	$	0.00
	viii	Quarterly Principal Paid					13,970,188.49		0.00		0.00		0.00
	ix	Difference				$	0.00	$	0.00	$	0.00	$	0.00
	x	Total Distribution Amount				$	16,016,494.73	$	2,987,883.08	$	234,201.64	$	417,660.30
B	Note Balances				3/15/2005	Paydown Factors			6/15/2005
	i	A-1 Note Balance	78443CAA2	$	253,395,103.58			$	239,424,915.09
		A-1 Note Pool Factor			0.745279700		0.041088800		0.704190900
	ii	A-2 Note Balance	78443CAB0	$	328,419,000.00			$	328,419,000.00
		A-2 Note Pool Factor			1.000000000		0.000000000		1.000000000
	iii	B Note Balance	78443CAC8	$	23,742,000.00			$	23,742,000.00
		B Note Pool Factor			1.000000000		0.000000000		1.000000000
	iv	C Note Balance	78443CAD6	$	34,699,000.00			$	34,699,000.00
		C Note Pool Factor			1.000000000		0.000000000		1.000000000

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XVI. 2002-A Historical Pool Information

									2004			2003			2002
			3/1/05-5/31/05			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			$	607,507,705.96		$	616,865,656.01		$	648,773,639.91		$	669,262,882.23		$	663,415,806.01
	Student Loan Principal Activity
	i	Principal Payments Received	$	14,256,632.00		$	12,884,107.28		$	43,778,007.75		$	40,774,111.16		$	9,045,364.96
	ii	Purchases by Servicer (Delinquencies >180)		2,232,338.35			2,524,884.77		$	6,280,306.90		$	1,613,577.68			45,333.74
	iii	Other Servicer Reimbursements		95.62			72.02		$	503.08		$	11,718.71			85.42
	iv	Seller Reimbursements		11,641.47			24,985.40			27,492.47			95,970.94			166,322.44
	v	Total Principal Collections	$	16,500,707.44		$	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		(2,738,658.11	)		(5,549,563.83	)		(16,871,460.38	)		(18,535,453.73	)		(13,326,412.85	)
	iii	Capitalized Insurance Fee		($72,121.51	)		($537,638.77	)		(1,276,966.38	)		(1,905,113.32	)		($1,706,229.57	)
	iv	Other Adjustments		925.29			11,103.18			(29,899.54	)		(1,565,569.12	)		(71,540.36	)
	v	Total Non-Cash Principal Activity	$	(2,809,854.33	)	$	(6,076,099.42	)	$	(18,178,326.30	)	$	(22,006,136.17	)	$	(15,104,182.78	)
(-)	Total Student Loan Principal Activity		$	13,690,853.11		$	9,357,950.05		$	31,907,983.90		$	20,489,242.32		$	(5,847,076.22	)
	Student Loan Interest Activity
	i	Interest Payments Received	$	6,854,433.13		$	5,978,213.98		$	19,896,179.25		$	18,140,445.85		$	3,704,616.78
	ii	Repurchases by Servicer (Delinquencies >180)		102,460.82			108,955.48		$	260,067.22		$	40,435.23			801.87
	iii	Other Servicer Reimbursements		5.36			1.21		$	33.62		$	317.62			14.58
	iv	Seller Reimbursements		47.81			1,121.28		$	361.34		$	3,351.04			10,055.09
	v	Late Fees		118,145.58			94,968.50		$	305,199.70		$	243,663.51			53,062.07
	vi	Collection Fees		—			—			—			—			—
	viii	Total Interest Collections		7,075,092.70			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		2,738,658.11			5,549,563.83		$	16,871,460.38		$	18,535,453.73			13,326,412.85
	iii	Other Interest Adjustments		(276.17	)		1,692.74			27,784.97			1,488,353.45			67,264.86
	iv	Total Non-Cash Interest Adjustments	$	2,738,381.94		$	5,551,256.57		$	16,899,245.35		$	20,023,807.18		$	13,393,677.71
	v	Total Student Loan Interest Activity	$	9,813,474.64		$	11,734,517.02		$	37,361,086.48		$	38,452,020.43		$	17,162,228.10
(=)	Ending Student Loan Portfolio Balance		$	593,816,852.85		$	607,507,705.96		$	616,865,656.01		$	648,773,639.91		$	669,262,882.23
(+)	Interest to be Capitalized		$	6,900,121.80		$	7,179,457.18		$	10,104,249.68		$	15,890,518.90		$	21,024,060.14
(=)	TOTAL POOL		$	600,716,974.65		$	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		$	40,178,192.00
(=)	Asset Balance		$	640,895,166.65		$	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%
Jun-05	$	600,716,975	2.30%

* “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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