EXHIBIT 13
SERVICER'S CERTIFICATE
TRANS-WORLD INSURANCE COMPANY
CLASSNOTES TRUST 1997 - I
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
"UNION, NJ 07083"
CLASSNOTES TRUST 1997 - 1
CLASS A-1 Year End Statement for Series 1997 - 1
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 1,600,000.00
Per $50,000 original principal amount of the Notes 1,040.312094
(ii) Amount of Interest being paid or distributed in respect
of the Notes
CLASS A-1 NOTES 4,329,656.60
Per $50,000 original principal amount of the Notes 2,815.121326
(iii) (A) Amount of Noteholders' Auction Rate Interest
Carryover being paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.300000%
PERIOD 2 5.050000%
PERIOD 3 5.100000%
CURRENT RATE (Based on Auction) 5.300000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 336,855.05
Per $50,000 original principal amount of the Notes 219.021489
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 11,612.50
Per $50,000 original principal amount of the Notes 7.5503909
2. Auction Agent Fee 190,910.28
Per $50,000 original principal amount of the Notes 124.128921
3. Indenture Trustee Fee 11,000.00
Per $50,000 original principal amount of the Notes 7.152146
4. Eligible Lender Trustee Fee 2,685.03
Per $50,000 original principal amount of the Notes 1.745793
5. Surety Provider Fee 62,801.29
Per $50,000 original principal amount of the Notes 40.833088
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable to
amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender
Trustee for Additional Financed Student Loans during
the preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of principal
in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans
during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30
to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are
61 to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are
91 to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are more
than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
-----------------------
James Ransom
Chief Accouting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-2 Year End Statement for Series 1997 - 1
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the
Notes
CLASS A-2 NOTES 5,288,434.66
Per $50,000 original principal amount of the Notes 2,843.244441
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover
being paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.430000%
PERIOD 3 5.500000%
CURRENT RATE (Based on Auction) 5.280000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 404,491.68
Per $50,000 original principal amount of the Notes 217.468645
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 13,950.00
Per $50,000 original principal amount of the Notes 7.500000
2. Auction Agent Fee 230,807.91
Per $50,000 original principal amount of the Notes 124.090274
3. Indenture Trustee Fee 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee 3,199.58
Per $50,000 original principal amount of the Notes 1.720204
5. Surety Provider Fee 75,433.36
Per $50,000 original principal amount of the Notes 40.555570
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable to
amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender
Trustee for Additional Financed Student Loans during
the preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of
principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during
the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are
30 to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are
61 to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are
91 to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which claims
have been filed with the appropriate Guarantor and
which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
-------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-3 Year End Statement for Series 1997 - 1
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(ii) Amount of Interest being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 5,402,731.82
Per $50,000 original principal amount of
the Notes 2,843.543063
(iii) (A) Amount of Noteholders' Auction Rate Interest
Carryover being paid or distributed in respect
of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate
Interest Carryover to be paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.620000%
PERIOD 3 5.500000%
CURRENT RATE (Based on Auction) 5.425000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 413,190.42
Per $50,000 original principal amount of the
Notes 217.468642
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of
the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 14,250.00
Per $50,000 original principal amount
of the Notes 7.500000
2. Auction Agent Fee 235,771.54
Per $50,000 original principal amount of
the Notes 124.090284
3. Indenture Trustee Fee 0.00
Per $50,000 original principal amount of
the Notes 0.000000
4. Eligible Lender Trustee Fee 3,268.40
Per $50,000 original principal amount of
the Notes 1.720211
5. Surety Provider Fee 77,055.51
Per $50,000 original principal amount of
the Notes 40.555532
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to
amounts in the Reserve Account 0.00
(b) Amount of any other withdrawals from the
Reserve Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note
Surety bond (together with any other information required
to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 44.03
(xv) Aggregate amount, if any, paid by the Eligible Lender
Trustee for Additional Financed Student Loans during the
preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of principal
in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans
during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are
30 to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are
61 to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are
91 to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any,
made on such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
--------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CERTIFICATE 1 Year End Statement for Series 1997 - 1
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Certificates 0.00
Per $50,000 original principal amount of the
Certificates 0.000000
(ii) Amount of Interest being paid or distributed in respect of
the Certificates 1,026,365.00
Per $50,000 original principal amount of the
Certificates 2,851.013889
(iii) (A) Amount of Certificateholders' Auction Rate
Interest Carryover being paid or distributed
in respect of the Certificates 0.00
Per $50,000 original principal amount of
the Certificates 0.000000
(B) Remaining Amount of Certificateholders' Auction
Rate Interest Carryover being paid or distributed
in respect of the Certificates 0.00
Per $50,000 original principal amount of
the Certificates 0.000000
(iv) Financed Student Loan Pool Balance at end of
preceding Collection Period 852,965,980.12
(v) After giving effect to distributions on this Certificate Distribution
Date:
(a) Outstanding Principal Amount of Class A-1 Notes 76,900,000.00
(b) Outstanding Principal Amount of Class A-2 Notes 93,000,000.00
(c) Outstanding Principal Amount of Class A-3 Notes 95,000,000.00
(d) Outstanding Principal Amount of Class A-4 Notes 87,748,000.00
(e) Outstanding Principal Amount of Class A-5 Notes 57,500,000.00
(f) Outstanding Principal Amount of Class A-6 Notes 57,500,000.00
(g) Outstanding Principal Amount of Class A-7 Notes 100,000,000.00
(h) Outstanding Principal Amount of Class A-8 Notes 100,000,000.00
(i) Outstanding Principal Amount of Class A-9 Notes 100,000,000.00
(j) Outstanding Principal Amount of Class A-10 Notes 110,000,000.00
(k) Outstanding Class 1 Certificate Principal Balance 18,000,000.00
(l) Outstanding Class 2 Certificate Principal Balance 15,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate (A-1) for the prior
Interest Period: 5.3000%
2. The Net Loan Rate: 6.2300%
(b) Certificate Rate: Auction Rate 5.4500%
(c) Amount of Interest that would have been paid
on such Certificate Distribution Date if
Interest was calculated instead based on the
Net Loan Rate 0.00
(vii) (a) Service Fee for related Collection Period 78,288.71
Per $50,000 original principal amount
of the Certificates 217.468639
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal
amount of the Certificates 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal
amount of the Certificates 0.000000
(viii) Amount of Transaction Fees for related Collection Period
(Funded from Expense Account)
1. Administration Fee 2,700.00
Per $50,000 original principal
amount of the Certificates 7.500000
2. Auction Agent Fee 44,672.50
Per $50,000 original principal
amount of the Certificates 124.090278
3. Indenture Trustee Fee 0.00
Per $50,000 original principal
amount of the Certificates 0.000000
4. Eligible Lender Trustee Fee 619.28
Per $50,000 original principal amount
of the Certificates 1.720222
5. Surety Provider Fee 14,600.00
Per $50,000 original principal
amount of the Certificates 40.555556
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed Student Loans for
which Realized were allocated previously 0.00
(xii) Amount in Reserve Account 0.00
(xiii) Amount of any draw required to be made under the
Certificate Surety Bond (together with any other
information required to make such draw) 0.00
(xiv) Amount in the Pre-Funding Account 244.03
(xv) Parity Percentage 12/31/98 99.17%
(xvi) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
--------------------------
James Ransom
Chief Accounting Officer
OUTSTANDING SHARES:
NOTE TITLE # SHARES
---------- --------
Class A-1 1538
Class A-2 1860
Class A-3 1900
Cert 1 360
NET LOAN RATES:
PERIOD RATE:
------ ------
1 6.5404%
2 6.2700%
3 6.2300%
OTHER COMMON DATA:
Pool Balance at end of preceding Period 852,965,980.12
Reserve Account Balance (xii)(c) 0.00
Amount in the Pre-Funding Acct (xiv)(b) 244.03
Excess of Amounts.... (xx) 0.00
Parity Percentage Date: 12/31/98
Numerator 905,094,012.16
Denominator 912,680,252.29
Delinquent Financed Student Loans (xviii)
30-60 Days 16,857,699.97
61-90 Days 5,019,187.65
91-180 Days 7,353,033.85
>180 Days 1,794,024.07
Claims have been filed 2,162,309.60
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-4 Year End Statement for Series 1997 - 2
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 62,252,000.00
Per $50,000 original principal amount of
the Notes 35,471.225071
(ii) Amount of Interest being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 7,261,257.51
Per $50,000 original principal amount of
the Notes 4,137.468667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover
being paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 87,748,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.814530%
PERIOD 2 5.752030%
PERIOD 3 5.578130%
CURRENT RATE (Based on Auction) .443910%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 515,761.18
Per $50,000 original principal amount of
the Notes 293.881014
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount
of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 17,920.04
Per $50,000 original principal amount of the Notes 10.210849
2. Auction Agent Fee 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee 3,593.14
Per $50,000 original principal amount of the Notes 2.047373
5. Surety Provider Fee 99,335.19
Per $50,000 original principal amount of the Notes 56.601248
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note
Surety bond (together with any other information required
to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender Trustee
for Additional Financed Student Loans during the preceding
collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding
Period to be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during
the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are
30 to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are
61 to 90 day Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are
91 to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-5 Year End Statement for Series 1997 - 2
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the
Notes
CLASS A-5 NOTES 3,193,837.50
Per $50,000 original principal amount of the
Notes 2,777.250000
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the
Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the
Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.620000%
PERIOD 3 5.370000%
CURRENT RATE (Based on Auction) 5.390000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 228,070.04
Per $50,000 original principal amount of
the Notes 198.321774
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of
the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 7,906.25
Per $50,000 original principal amount of the Notes 6.875000
2. Auction Agent Fee 297,519.42
Per $50,000 original principal amount of the Notes 258.712539
3. Indenture Trustee Fee 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee 1,561.59
Per $50,000 original principal amount of the Notes 1.357904
5. Surety Provider Fee 43,699.98
Per $50,000 original principal amount of the Notes 37.999983
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety
bond (together with any other information required to make
such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable to
amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender Trustee
for Additional Financed Student Loans during the preceding
collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to be
distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans
during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are
30 to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are
61 to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are
91 to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-6 Year End Statement for Series 1997 - 2
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect
of the Notes
CLASS A-6 NOTES 3,254,883.32
Per $50,000 original principal amount of
the Notes 2,830.333322
(iii) (A) Amount of Noteholders' Auction Rate Interest
Carryover being paid or distributed in respect
of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the
Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate
Interest Carryover to be paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.400000%
PERIOD 3 5.450000%
CURRENT RATE (Based on Auction) 5.300000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 228,070.04
Per $50,000 original principal amount of the Notes 198.321774
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of
the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 7,546.88
Per $50,000 original principal amount of
the Notes 6.562504
2. Auction Agent Fee 0.00
Per $50,000 original principal amount of
the Notes 0.000000
3. Indenture Trustee Fee 20,150.00
Per $50,000 original principal amount of
the Notes 17.521739
4. Eligible Lender Trustee Fee 1,561.59
Per $50,000 original principal amount of
the Notes 1.357904
5. Surety Provider Fee 43,699.98
Per $50,000 original principal amount of
the Notes 37.999983
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender
Trustee for Additional Financed Student Loans during
the preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of principal
in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans
during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to
60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are 61 to
90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are 91 to
180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CERTIFICATE 2 Year End Statement for Series 1997 - 2
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Certificates 0.00
Per $50,000 original principal amount of the Certificates 0.000000
(ii) Amount of Interest being paid or distributed in respect of
the Certificates 5,781,183.38
Per $50,000 original principal amount of the
Certificates 19,270.611267
(iii) (A) Amount of Certificateholders' Auction Rate
Interest Carryover being paid or distributed
in respect of the Certificates 0.00
Per $50,000 original principal amount of the
Certificates 0.000000
(B) Remaining Amount of Certificateholders' Auction
Rate Interest Carryover being paid or distributed
in respect of the Certificates 0.00
Per $50,000 original principal amount of the
Certificates 0.000000
(iv) Financed Student Loan Pool Balance at end of
preceding Collection Period 852,965,980.12
(v) After giving effect to distributions on this
Certificate Distribution Date:
(a) Outstanding Principal Amount of Class A-1 Notes 76,900,000.00
(b) Outstanding Principal Amount of Class A-2 Notes 93,000,000.00
(c) Outstanding Principal Amount of Class A-3 Notes 95,000,000.00
(d) Outstanding Principal Amount of Class A-4 Notes 87,748,000.00
(e) Outstanding Principal Amount of Class A-5 Notes 57,500,000.00
(f) Outstanding Principal Amount of Class A-6 Notes 57,500,000.00
(g) Outstanding Principal Amount of Class A-7 Notes 100,000,000.00
(h) Outstanding Principal Amount of Class A-8 Notes 100,000,000.00
(i) Outstanding Principal Amount of Class A-9 Notes 100,000,000.00
(j) Outstanding Principal Amount of Class A-10 Notes 110,000,000.00
(k) Outstanding Class 1 Certificate Principal Balance 18,000,000.00
(l) Outstanding Class 2 Certificate Principal Balance 15,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate (A-1) for the prior Interest Period: 5.3000%
2. The Net Loan Rate: 6.2300%
(b) Certificate Rate: Auction Rate 5.4500%
(c) Amount of Interest that would have been paid
on such Certificate Distribution Date if Interest
was calculated instead based on the Net Loan Rate 0.00
(vii) (a) Service Fee for related Collection Period 59,496.54
Per $50,000 original principal amount of the
Certificates 198.321800
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the
Certificates 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the
Certificates 0.000000
(viii) Amount of Transaction Fees for related Collection Period
(Funded from Expense Account)
1. Administration Fee 2,062.50
Per $50,000 original principal amount of
the Certificates 6.875000
2. Auction Agent Fee 0.00
Per $50,000 original principal amount of the
Certificates 0.000000
3. Indenture Trustee Fee 0.00
Per $50,000 original principal amount of the
Certificates 0.000000
4. Eligible Lender Trustee Fee 407.38
Per $50,000 original principal amount of the
Certificates 1.357933
5. Surety Provider Fee 11,399.98
Per $50,000 original principal amount of the
Certificates 37.999933
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized were allocated previously 0.00
(xii) Amount in Reserve Account 0.00
(xiii) Amount of any draw required to be made under the
Certificate Surety Bond (together with any other
information required to make such draw) 0.00
(xiv) Amount in the Pre-Funding Account 244.03
(xv) Parity Percentage 12/31/98 99.17%
(xvi) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
OUTSTANDING SHARES:
Note Title # Shares
--------------------------------
Class A-4 1755
Class A-5 1150
Class A-6 1150
Cert 2 300
NET LOAN RATES:
Period Rate:
-----------------------
1 6.5404%
2 6.2700%
3 6.2300%
OTHER COMMON DATA:
Pool Balance at end of preceding Period 852,965,980.12
Reserve Account Balance (xii)(c) 0.00
Amount in the Pre-Funding Acct (xiv)(b) 244.03
Excess of Amounts.... (xx) 0.00
Parity Percentage Date: 12/31/98
Numerator 905,094,012.16
Denominator 912,680,252.29
Delinquent Financed Student Loans (xviii)
30-60 Days 16,857,699.97
61-90 Days 5,019,187.65
91-180 Days 7,353,033.85
>180 Days 1,794,024.07
Claims have been filed 2,162,309.60
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-7 Year End Statement for Series 1998 - 1
12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-7 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect
of the Notes
CLASS A-7 NOTES 4,354,983.34
Per $50,000 original principal amount of the Notes 2,177.491670
(iii) (A) Amount of Noteholders' Auction Rate Interest
Carryover being paid or distributed in respect
of the Notes
CLASS A-7 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-7 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-7 NOTES 100,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-7 NOTES
PERIOD 1 5.630000%
PERIOD 2 5.410000%
PERIOD 3 5.450000%
CURRENT RATE (Based on Auction) 5.320000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 316,857.84
Per $50,000 original principal amount of the Notes 158.428920
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 10,625.00
Per $50,000 original principal amount of
the Notes 5.312500
2. Auction Agent Fee 688,515.29
Per $50,000 original principal amount of
the Notes 344.257645
3. Indenture Trustee Fee 0.00
Per $50,000 original principal amount of
the Notes 0.000000
4. Eligible Lender Trustee Fee 1,976.62
Per $50,000 original principal amount of
the Notes 0.988310
5. Surety Provider Fee 57,555.57
Per $50,000 original principal amount of
the Notes 28.777785
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note
Surety bond (together with any other information required
to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender
Trustee for Additional Financed Student Loans during
the preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of principal
in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student
Loans during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30
to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are 61
to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are 91
to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any,
made on such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-8 Year End Statement for Series 1998 - 1 12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-8 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(ii) Amount of Interest being paid or distributed in
respect of the Notes
CLASS A-8 NOTES 4,071,861.12
Per $50,000 original principal amount of
the Notes 2,035.930560
(iii) (A) Amount of Noteholders' Auction Rate Interest
Carryover being paid or distributed in respect
of the Notes
CLASS A-8 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate
Interest Carryover to be paid or distributed in
respect of the Notes
CLASS A-8 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-8 NOTES 100,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-8 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.500000%
PERIOD 3 5.500000%
CURRENT RATE (Based on Auction) 5.300000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 316,857.84
Per $50,000 original principal amount
of the Notes 158.428920
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of
the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 10,625.00
Per $50,000 original principal amount
of the Notes 5.312500
2. Auction Agent Fee 0.00
Per $50,000 original principal amount
of the Notes 0.000000
3. Indenture Trustee Fee 15,000.00
Per $50,000 original principal amount of
the Notes 7.500000
4. Eligible Lender Trustee Fee 1,976.62
Per $50,000 original principal amount of
the Notes 0.988310
5. Surety Provider Fee 57,555.57
Per $50,000 original principal amount of
the Notes 28.777785
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note
Surety bond (together with any other information required
to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender
Trustee for Additional Financed Student Loans during the
preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of principal
in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student
Loans during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30
to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are 61
to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are 91
to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-9 Year End Statement for Series 1998 - 1 12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-9 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the
Notes
CLASS A-9 NOTES 3,487,138.88
Per $50,000 original principal amount of the Notes 1,743.569440
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-9 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-9 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-9 NOTES 100,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-9 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.660000%
PERIOD 3 5.530000%
CURRENT RATE (Based on Auction) 5.400000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 316,857.84
Per $50,000 original principal amount of the Notes 158.428920
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of
the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 10,625.00
Per $50,000 original principal amount of
the Notes 5.312500
2. Auction Agent Fee 0.00
Per $50,000 original principal amount of
the Notes 0.000000
3. Indenture Trustee Fee 5,279.75
Per $50,000 original principal amount of
the Notes 2.639875
4. Eligible Lender Trustee Fee 1,976.62
Per $50,000 original principal amount of
the Notes 0.988310
5. Surety Provider Fee 57,555.57
Per $50,000 original principal amount of
the Notes 28.777785
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a
Note Surety bond (together with any other information
required to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible
Lender Trustee for Additional Financed Student Loans
during the preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of
principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student
Loans during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30
to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are 61
to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are 91
to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - 1
CLASS A-10 Year End Statement for Series 1998-1 12/31/98
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-10 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect
of the Notes
CLASS A-10 NOTES 4,691,225.00
Per $50,000 original principal amount of
the Notes 2,132.375000
(iii) (A) Amount of Noteholders' Auction Rate Interest
Carryover being paid or distributed in respect
of the Notes
CLASS A-10 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate
Interest Carryover to be paid or distributed in
respect of the Notes
CLASS A-10 NOTES 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 852,965,980.12
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-10 NOTES 110,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-10 NOTES
PERIOD 1 5.640000%
PERIOD 2 5.630000%
PERIOD 3 5.450000%
CURRENT RATE (Based on Auction) 5.350000%
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(vii) (a) Service Fee for related Collection Period 348,544.04
Per $50,000 original principal amount of
the Notes 158.429109
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of
the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of
the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee 11,687.50
Per $50,000 original principal amount
of the Notes 5.312500
2. Auction Agent Fee 0.00
Per $50,000 original principal amount
of the Notes 0.000000
3. Indenture Trustee Fee 0.00
Per $50,000 original principal amount
of the Notes 0.000000
4. Eligible Lender Trustee Fee 2,174.29
Per $50,000 original principal amount
of the Notes 0.988314
5. Surety Provider Fee 63,311.11
Per $50,000 original principal amount
of the Notes 28.777777
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a
Note Surety bond (together with any other information
required to make such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 244.03
(xv) Aggregate amount, if any, paid by the Eligible Lender
Trustee for Additional Financed Student Loans during
the preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the
Funding Period to be distributed as a payment of principal
in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class____ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student
Loans during the preceding collection period 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30
to 60 days Delinquent 16,857,699.97
(b) Number of Financed Student Loans that are 61
to 90 days Delinquent 5,019,187.65
(c) Number of Financed Student Loans that are 91
to 180 days Delinquent 7,353,033.85
(d) Number of Financed Student Loans that are
more than 181 days Delinquent 1,794,024.07
(e) Number of Financed Student Loans for which
claims have been filed with the appropriate
Guarantor and which are awaiting payment 2,162,309.60
(xix) Parity Percentage Numerator 905,094,012.16
as of 12/31/98 Denominator 912,680,252.29 99.17%
(xx) Excess of amounts deposited into the Collection
Account with respect to the sale by the Trust of
Serial Loans over the aggregate Purchase amount
of such loans (such excess to be distributed to
Student Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /s/ JAMES RANSOM
------------------------------
James Ransom
Chief Accounting Officer
OUTSTANDING SHARES:
Note Title # Shares
----------------------------------
Class A-7 2000
Class A-8 2000
Class A-9 2000
Class A-10 2200
NET LOAN RATES:
Period Rate:
-------------------------
1 6.5404%
2 6.2700%
3 6.2300%
OTHER COMMON DATA:
Pool Balance at end of preceding Period 852,965,980.12
Reserve Account Balance (xii)(c) 0.00
Amount in the Pre-Funding Acct (xiv)(b) 244.03
Excess of Amounts.... (xx) 0.00
Parity Percentage Date: 12/31/98
Numerator 905,094,012.16
Denominator 912,680,252.29
Delinquent Financed Student Loans (xviii)
30-60 Days 16,857,699.97
61-90 Days 5,019,187.65
91-180 Days 7,353,033.85
>180 Days 1,794,024.07
Claims have been filed 2,162,309.60