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SLM Student Loan Trust 2000-2

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					SLM Student Loan Trust 2000-2
Quarterly Servicing Report
Report Date:      12/31/2002                                    Reporting Period:        10/1/02-12/31/02

I.       Deal Parameters

         Student Loan Portfolio Characteristics                     09/30/2002               Activity            12/31/2002
     A   i     Portfolio Balance                            $         1,267,815,233.53   $ (104,229,693.43) $       1,163,585,540.10
         ii    Interest to be Capitalized                                14,872,636.44                                 11,319,915.75
         iii   Total Pool                                   $         1,282,687,869.97                      $       1,174,905,455.85
         iv    Specified Reserve Account Balance                          3,206,719.67                                  2,937,263.64
         v     Total Adjusted Pool                          $         1,285,894,589.64                      $       1,177,842,719.49

     B   i     Weighted Average Coupon (WAC)                                   4.681%                                           4.692%
         ii    Weighted Average Remaining Term                                 105.40                                           103.88
         iii   Number of Loans                                                382,909                                          357,437
         iv    Number of Borrowers                                            160,622                                          150,937




                                                                                              % of                                           % of
         Notes and Certificates                     Spread        Balance 10/25/02        O/S Securities        Balance 1/27/03          O/S Securities
     C   i A-1T Notes 78442GBX3                       0.80% $            64,636,801.67             5.027% $            48,437,388.61            4.112%
         ii A-1L Notes 78442GBY1                      0.08%             366,497,787.97           28.501%              274,645,330.88           23.318%
         iii A-2L Notes 78442GCA2                     0.20%             782,470,000.00           60.850%              782,470,000.00           66.433%
         iv Certificates 78442GCB0                    0.53%              72,290,000.00             5.622%              72,290,000.00            6.137%
         v Total Notes and Certificates                     $         1,285,894,589.64          100.000% $          1,177,842,719.49          100.000%




         Reserve Account                                             10/25/2002                                   01/27/2003
     D   i Required Reserve Acct Deposit (%)                           0.25%                                        0.25%
         ii    Reserve Acct Initial Deposit ($)
         iii   Specified Reserve Acct Balance ($)           $             3,206,719.67                      $           2,937,263.64
         iv    Reserve Account Floor Balance ($)            $             2,010,634.00                      $           2,010,634.00
         v     Current Reserve Acct Balance ($)             $             3,206,719.67                      $           2,937,263.64




                                                                                  1
II. 2000-2   Transactions from:                      10/01/2002   through:         12/31/2002

     A       Student Loan Principal Activity
             i         Regular Principal Collections                             $37,794,853.53
             ii        Principal Collections from Guarantor                        8,111,623.00
             iii       Principal Reimbursements                                   66,717,351.14
             iv        Other System Adjustments                                            0.00
             v         Total Principal Collections                           $   112,623,827.67

     B       Student Loan Non-Cash Principal Activity
             i         Other Adjustments                                          $1,427,919.44
             ii        Capitalized Interest                                       (9,822,053.68)
             iii       Total Non-Cash Principal Activity                     $    (8,394,134.24)

     C       Total Student Loan Principal Activity                           $   104,229,693.43

     D       Student Loan Interest Activity
             i         Regular Interest Collections                               $6,553,046.95
             ii        Interest Claims Received from Guarantors                      485,194.92
             iii       Collection Fees/Returned Items                                 19,000.70
             iv        Late Fee Reimbursements                                       218,568.83
             v         Interest Reimbursements                                       769,094.67
             vi        Other System Adjustments                                            0.00
             vii       Special Allowance Payments                                    193,400.16
             viii      Subsidy Payments                                            1,962,204.65
             ix        Total Interest Collections                            $    10,200,510.88

     E       Student Loan Non-Cash Interest Activity
             i         Interest Accrual Adjustment                                (1,265,075.66)
             ii        Capitalized Interest                                        9,822,053.68
             iii       Total Non-Cash Interest Adjustments                   $     8,556,978.02

     F       Total Student Loan Interest Activity                            $    18,757,488.90

     G.      Non-Reimbursable Losses During Collection Period                $       129,859.31
     H.      Cumulative Non-Reimbursable Losses to Date                      $     1,619,727.12




                                                              2
III. 2000-2 Collection Account Activity                            10/01/2002          through         12/31/2002


    A      Principal Collections
           i          Principal Payments Received-Cash                                               $27,746,822.61
           ii             Cash Consolidation Principal Payments                                      $18,159,653.92
           iii            Cash Forwarded by Administrator on behalf of Seller                            309,794.47
           iv             Cash Forwarded by Administrator on behalf of Servicer                            9,417.73
           v              Cash Forwarded by Administrator for Consolidation Activity                  66,398,138.94
           vi             Total Principal Collections                                            $   112,623,827.67

    B      Interest Collections
           i          Interest Payments Received-Cash                                                 $8,893,609.57
           ii         Cash Consolidation Interest Payments                                               300,237.11
           iii            Cash Forwarded by Administrator on behalf of Seller                             25,946.13
           iv             Cash Forwarded by Administrator on behalf of Servicer                            3,240.47
           v              Cash Forwarded by Administrator for Consolidation Activity                     739,908.07
           vi             Collection Fees/Returned Items                                                  19,000.70
           vii            Cash Forwarded by Administrator for Late Fee Activity                          218,568.83
           viii           Total Interest Collections                                             $    10,200,510.88

    C      Other Reimbursements                                                                        $153,058.90


    D      Administrator Account Investment Income                                               $       302,100.91

    E      Return funds borrowed for previous distribution                                       $              -

           TOTAL FUNDS RECEIVED                                                                  $   123,279,498.36
           LESS FUNDS PREVIOUSLY REMITTED:
                   Servicing Fees                                                                    ($1,873,318.48)
                   Consolidation Loan Rebate Fees                                                          ($162.00)
    F      TOTAL FUNDS TRANSFERRED TO COLLECTION ACCOUNT                                         $   121,406,017.88

    G      Servicing Fee Calculation-Current Month
           i         Primary Servicing Fee - Non-Consolidation Loans                                   $896,552.40
           ii             Primary Servicing Fee - Consolidation Loans                                        $25.34


    H      Servicing Fees Due for Current Period                                                       $896,577.74

                  Less:   Servicing ADJ [A iv + B iv]                                                   ($12,658.20)


     I     Carryover Servicing Fees Due                                                                       $0.00



     J     Administration Fees Due                                                                       $20,000.00

    K      Aggregate Swap Fees Due                                                                       $31,888.40

    L      Total Fees Due for Period                                                             $       935,807.94




                                                                        3
IV. 2000-2                    Portfolio Characteristics

                                     Weighted Avg Coupon                         # of Loans                           %*                                 Principal Amount                                     %*
STATUS                            09/30/2002        12/31/2002        09/30/2002         12/31/2002      09/30/2002        12/31/2002       09/30/2002                      12/31/2002           09/30/2002        12/31/2002
INTERIM:
 In School
  Current                                4.265%            4.270%            16,434            13,433          4.292%            3.758% $        52,074,718.51   $               43,279,347.65         4.107%            3.719%

 Grace
  Current                                4.261%            4.266%                8,552           3,793         2.233%            1.061% $        26,702,354.88   $               11,711,240.09         2.106%            1.006%

TOTAL INTERIM                            4.264%            4.269%            24,986            17,226          6.525%            4.819% $        78,777,073.39    $              54,990,587.74         6.213%            4.725%
REPAYMENT
 Active
  Current                                4.816%            4.813%           194,352           187,077         50.757%           52.339% $      588,975,398.80    $             556,997,796.30         46.456%           47.870%
  31-60 Days Delinquent                  4.836%            4.796%            11,267            13,666          2.943%            3.823% $       37,587,419.56    $              45,673,075.28          2.965%            3.925%
  61-90 Days Delinquent                  4.805%            4.792%             9,042             8,323          2.361%            2.329% $       32,033,743.78    $              27,136,055.45          2.527%            2.332%
  91-120 Days Delinquent                 4.802%            4.848%            5,540              3,990          1.447%            1.116% $        18,484,595.38   $               13,417,550.77         1.458%            1.153%
  > 120 Days Delinquent                  4.775%            4.771%           13,617             12,279          3.556%            3.435% $        43,494,239.72   $               40,248,323.30         3.431%            3.459%

Deferment
 Current                                 4.257%            4.263%            60,397            53,634         15.773%           15.005% $      208,544,887.71    $             181,245,577.35         16.449%           15.576%

Forbearance
 Current                                 4.802%            4.795%           62,289             58,955         16.268%           16.494% $      255,648,647.55    $             236,948,725.97         20.164%           20.364%



TOTAL REPAYMENT                          4.713%            4.716%           356,504           337,924         93.105%           94.541% $     1,184,768,932.50   $            1,101,667,104.42        93.450%           94.679%
Claims in Process (1)                    4.859%            4.813%                1,383          2,258          0.361%            0.632% $         4,154,809.14   $                6,872,568.57         0.328%            0.591%
Aged Claims Rejected (2)                 5.017%            4.820%                   36             29          0.009%            0.008% $           114,418.50   $                   55,279.37         0.009%            0.005%
               GRAND TOTAL               4.681%            4.692%          382,909            357,437        100.000%          100.000% $     1,267,815,233.53   $            1,163,585,540.10       100.000%          100.000%


(1) Claims filed and unpaid; includes claims rejected aged less than 6 months.
(2) Claims rejected (subject to cure) aged 6 months or more; also includes claims deemed incurable pending repurchase.
*Percentages may not total 100% due to rounding.




                                                                                                                  4
V. 2000-2                       Portfolio Characteristics by School and Program

LOAN TYPE                                          WAC       # Loans                  $ Amount           %*

- GSL - Subsidized                             4.686%        223,982              $   648,404,139.38   55.725%
- GSL - Unsubsidized                           4.603%        107,153                  400,003,631.03   34.377%
- PLUS Loans                                   5.009%        20,748                    93,296,244.23   8.018%
- SLS Loans                                    5.331%         5,551                    21,820,764.22   1.875%
- Consolidation Loans:                         8.018%          3                           60,761.24   0.005%

- Total                                        4.692%        357,437              $ 1,163,585,540.10   100.000%


SCHOOL TYPE                                        WAC       # Loans                  $ Amount            %

-Four Year                                     4.709%        283,836              $   997,334,723.17   85.712%
-Two Year                                      4.616%        51,984                   116,610,848.30   10.022%
-Technical                                     4.609%        21,546                    49,444,641.27   4.249%
-Other                                         6.666%          71                         195,327.36   0.017%

- Total                                        4.692%        357,437              $ 1,163,585,540.10   100.000%


*Percentages may not total 100% due to rounding.




                                                         5
VI. 2000-2   Student Loan Rate Calculation and Floating Rate Swap Payments


     A       Borrower Interest Accrued During Collection Period                                                                                    $      12,480,010.64
     B       Interest Subsidy Payments Accrued During Collection Period                                                                                     1,666,931.63
     C       SAP Payments Accrued During Collection Period                                                                                                     43,697.25
     D       INV Earnings Accrued for Collection Period (RESERVE & COLLECTION ACTS)                                                                            18,728.65
     E       Investment Earnings (ADMINISTRATOR ACCOUNTS)                                                                                                    302,100.91
      F      Net Expected Interest Collections                                                                                                     $      14,511,469.08

     G       Student Loan Rate
             i     Days in Calculation Period                                                                                                                        94
             ii    Days in Year                                                                                                                                    360
             iii   Net Expected Interest Collections                                                                                               $      14,511,469.08
             iv     Primary Servicing Fee                                                                                                          $       2,769,896.22
             v      Administration Fee                                                                                                             $          20,000.00
             vi     Aggregate Swap Fees                                                                                                            $          31,888.40
             vii    Total Pool Balance at Beginning of Collection Period                                                                           $   1,282,687,869.97
             viii   Student Loan Rate                                  ( ii / i ) * (( iii - iv - v - vi ) / vii )                                             3.49025%

     H       Floating Rate Swap Payments Due to the Trust
                                                                                                            Class A-1L              Class A-2L         Certificates
             i      Aggregate Notional Swap Amounts                                                            366,497,788           782,470,000             72,290,000

             ii     Libor Based Interest Rates/Rate of Return                                                        1.91875%           2.03875%               2.36875%
             iii    Student Loan Rate Cap                                                                            3.49025%           3.49025%               3.49025%

             iv     Excess Over Cap ( ii-iii)                                                                        0.00000%           0.00000%               0.00000%

             v      Floating Rate Swap Payments Due to the Trust                                        $               0.00    $           0.00   $                  0.00




VII. 2000-2 Accrued Interest Factors

                                                                                     Accrued
                                                                                    Int Factor         Accrual Period
     A       Class A-1T T-Bill Based Interest Rate                                                                                                             2.08015%
     B       Class A-1T Interest Rate                                              0.005357096           (10/25/02-1/27/03)                                    2.08015%
     C       Class A-1L Libor Based Interest Rate                                                                                                              1.91875%
     D       Class A-1L Interest Rate                                              0.005010069           (10/25/02-1/27/03)                                    1.91875%
     E       Class A-2L Libor Based Interest Rate                                                                                                              2.03875%
     F       Class A-2L Interest Rate                                              0.005323403           (10/25/02-1/27/03)                                    2.03875%
     G       Certificate Libor Based Rate of Return                                                                                                            2.36875%
     H       Certificate Rate of Return                                            0.006185069           (10/25/02-1/27/03)                                    2.36875%




                                                                                                  6
VIII. 2000-2   Weekly T-Bill Rate Resets


                                               Number of
               Period                         Days Weighted   91 Day T-bill   A-1T Reset


               10/25/02-10/28/02                    4            1.696%        2.4960%


               10/29/02-11/4/02                     7            1.578%        2.3780%

               11/5/02-11/12/02                     8            1.433%        2.2330%

               11/13/02-11/18/02                    6            1.211%        2.0110%

               11/19/02-11/25/02                    7            1.227%        2.0270%

               11/26/02-12/2/02                     7            1.228%        2.0280%

               12/3/02-12/9/02                      7            1.231%        2.0310%

               12/10/02-12/16/02                    7            1.215%        2.0150%

               12/17/02-12/23/02                    7            1.219%        2.0190%

               12/24/02-12/30/02                    7            1.207%        2.0070%

               12/31/02-1/6/03                      7            1.207%        2.0070%

               1/7/03-1/13/03                       7            1.207%        2.0070%

               1/14/03-1/26/03                      13           1.199%        1.9990%




               Total Days in Accrual Period         94




                                                7
IX. 2000-2 Inputs From Previous Quarterly Servicing Reports                            9/30/02


    A      Total Student Loan Pool Outstanding
           i            Portfolio Balance                                     $        1,267,815,233.53
           ii           Interest To Be Capitalized                                        14,872,636.44
           iii          Total Pool                                            $        1,282,687,869.97
           iv           Specified Reserve Account Balance                                  3,206,719.67
           v            Total Adjusted Pool                                   $        1,285,894,589.64

    B      Total Note and Certificate Factor                                             0.62259316769
    C      Total Note and Certificate Balance                                 $        1,285,894,589.64



    D      Note Balance              10/25/2002                                       Class A-1T              Class A-1L           Class A-2L           Certificates
           i          Current Factor                                                      0.3561256290         0.3561256290         1.0000000000         1.0000000000
           ii         Expected Note Balance                                   $           64,636,801.67   $   366,497,787.97   $   782,470,000.00   $    72,290,000.00

    E      Note Principal Shortfall                                           $                    0.00   $             0.00   $             0.00   $             0.00
    F      Interest Shortfall                                                 $                    0.00   $             0.00   $             0.00   $             0.00
    G      Interest Carryover                                                 $                    0.00   $             0.00   $             0.00   $             0.00



    H      Reserve Account Balance                                            $            3,206,719.67
    I      Unpaid Primary Servicing Fees from Prior Month(s)                  $                    0.00
    J      Unpaid Administration fees from Prior Quarter(s)                   $                    0.00
    K      Unpaid Carryover Servicing Fees from Prior Quarter(s)              $                    0.00
    L      Interest Due on Unpaid Carryover Servicing Fees                    $                    0.00
    M      Unpaid Floating Rate Swap Payment Reimbursements                   $                    0.00
    N      Interest Due on Unpaid Floating Rate Swap Payment Reimbursements   $                    0.00




                                                                                  8
X. 2000-2     Waterfall for Distributions
                                                                                                    Remaining
                                                                                                  Funds Balance
     A      Total Available Funds ( Sections III-F + VI-D + VI-H-v )       $   121,424,746.53   $    121,424,746.53


     B      Primary Servicing Fees-Current Month                           $      883,919.54    $    120,540,826.99


     C      Administration Fee                                             $        20,000.00   $    120,520,826.99

     D      Swap Fees
            i              Fixed Rate Swap Payment                         $        15,944.20   $    120,504,882.79
            ii             Fixed Rate Swap Payment                         $        15,944.20   $    120,488,938.59
            iii            Total Swap Fees                                 $        31,888.40

     E      Noteholder's Interest Distribution Amount
            i              Class A-1T                                      $       346,265.55   $    120,142,673.04
            ii             Class A-1L                                      $     1,836,179.21   $    118,306,493.83
            iii            Class A-2L                                      $     4,165,403.15   $    114,141,090.68
            iv             Total Noteholder's Interest Distribution        $     6,347,847.91

     F      Certificateholder's Return Distribution Amount                 $      447,118.64    $    113,693,972.04


     G      Noteholder's Principal Distribution Amount Paid
            i              Class A-1T                                      $    16,199,413.06   $     97,494,558.98
            ii             Class A-1L                                      $    91,852,457.09   $      5,642,101.89
            iii            Class A-2L                                      $             0.00   $      5,642,101.89
            iv             Total Noteholder's Principal Distribution       $   108,051,870.15

     H      Certificateholder's Balance Distribution Amount                $             0.00   $      5,642,101.89

     I      Increase to the Specified Reserve Account Balance              $             0.00   $      5,642,101.89

     J      Floating Rate Swap Payment Reimbursement                       $             0.00   $      5,642,101.89

     K      Carryover Servicing Fees                                       $             0.00   $      5,642,101.89

     L      Noteholder's Interest Carryover
            i              Class A-1T                                      $             0.00   $      5,642,101.89
            ii             Class A-1L                                      $             0.00   $      5,642,101.89
            iii            Class A-2L                                      $             0.00   $      5,642,101.89
            iv             Total Noteholder's Interest Carryover           $             0.00

     M      Certificateholder's Return Carryover                           $             0.00   $      5,642,101.89

     N      Excess to Reserve Account                                      $     5,642,101.89   $               0.00




                                                                       9
XI. 2000-2 Distributions


    A      Distribution Amounts                                                              Class A-1T               Class A-1L             Class A-2L            Certificates
           i     Quarterly Interest Due                                                 $          346,265.55     $       1,836,179.21   $      4,165,403.15   $       447,118.64
           ii     Quarterly Interest Paid                                                           346,265.55           1,836,179.21          4,165,403.15           447,118.64
           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 Due                                               $         16,199,413.06   $     91,852,457.09    $             0.00    $             0.00
           viii   Quarterly Principal Paid                                                        16,199,413.06         91,852,457.09                  0.00                  0.00
           ix     Quarterly Principal Shortfall                                         $                 (0.00) $               0.00    $             0.00    $             0.00

           x      Total Distribution Amount                                             $         16,545,678.61   $     93,688,636.30    $     4,165,403.15    $      447,118.64

    B      Principal Distribution Reconciliation
           i    Notes and Certificates Principal Balance 12/31/02                       $    1,285,894,589.64
           ii    Adjusted Pool Balance 12/31/02                                              1,177,842,719.49
           iii  Adjusted Pool Exceeding Notes and Certificate Balance (i-ii)            $      108,051,870.15


            iv    Adjusted Pool Balance 9/30/02                                         $    1,285,894,589.64
            v     Adjusted Pool Balance 12/31/02                                             1,177,842,719.49
           vi     Current Principal Due (iv-v)                                          $      108,051,870.15
           vii    Principal Shortfall from Previous Collection Period                                     -
           viii   Principal Distribution Amount (vi + vii)                              $      108,051,870.15

           ix     Principal Distribution Amount Paid                                    $        108,051,870.15

           x      Principal Shortfall (viii - ix)                                       $                   -

    C             Total Principal Distribution                                          $        108,051,870.15
    D             Total Interest Distribution                                                      6,794,966.55
    E             Total Cash Distributions-Note and Certificates                        $        114,846,836.70

    F      Note & Certificate Balances                            10/25/2002                 01/27/2003
           i    A-1T Note Balance      (78442GBX3)           $      64,636,801.67       $        48,437,388.61
                  A-1T Note Pool Factor                                 0.3561256290              0.2668726645

           ii     A-1L Note Balance            (78442GBY1)   $      366,497,787.97      $        274,645,330.88
                  A-1L Note Pool Factor                              0.3561256290                 0.2668726645

           iii    A-2L Note Balance            (78442GCA2)   $      782,470,000.00      $        782,470,000.00
                  A-2L Note Pool Factor                              1.0000000000                 1.0000000000

           iv     Certificate Balance          (78442GCB0)   $          72,290,000.00   $         72,290,000.00
                  Certificate Pool Factor                               1.0000000000              1.0000000000

    G      Reserve Account Reconciliation
           i    Beginning of Period Balance                                             $          3,206,719.67
           ii   Deposits to correct Shortfall                                           $                   -
           iii  Deposits from Excess Servicing                                          $          5,642,101.89
           iv   Total Reserve Account Balance Available                                 $          8,848,821.56
           v    Required Reserve Account Balance                                        $          2,937,263.64

           vi     Shortfall Carried to Next Period                                      $                   -
           vii    Excess Reserve - Release to SLM Funding Corp.                         $          5,911,557.92
           viii   Ending Reserve Account Balance                                        $          2,937,263.64


                                                                                            10
XII. 2000-2 Historical Pool Information


                                                                                                                                                                                   2001                     2000
                                                                            10/1/02-12/31/02         7/1/02-9/30/02          4/1/02-6/30/02          1/1/02-3/31/02           1/1/01-12/31/01         2/14/00-12/31/00
            Beginning Student Loan Portfolio Balance                    $     1,267,815,233.53   $    1,393,293,671.67   $    1,463,821,864.29   $    1,556,748,703.19    $    1,823,185,815.07   $     1,969,948,821.58


                      Student Loan Principal Activity
                      i     Regular Principal Collections               $       37,794,853.53    $      42,592,702.44    $       37,690,979.64   $      44,179,322.44     $      198,448,317.84   $      138,881,085.33
                      ii    Principal Collections from Guarantor                 8,111,623.00            8,623,241.56             8,808,052.54          14,558,416.91     $       44,421,420.71           10,854,553.65
                      iii   Principal Reimbursements                            66,717,351.14           81,760,959.17            33,897,487.10          43,627,356.74     $       74,975,287.96           56,655,040.25
                      iv    Other System Adjustments                                      -                       -                        -                      -       $                 -                       -
                      v     Total Principal Collections                 $      112,623,827.67    $     132,976,903.17    $       80,396,519.28   $     102,365,096.09     $      317,845,026.51   $      206,390,679.23
                      Student Loan Non-Cash Principal Activity
                      i      Other Adjustments                          $         1,427,919.44 $          1,325,029.74 $            853,549.02 $          1,586,818.65 $           3,520,982.02 $           4,097,959.22
                      ii     Capitalized Interest                                (9,822,053.68)          (8,823,494.77)         (10,721,875.68)         (11,025,075.84)          (54,928,896.65)          (63,725,631.94)
                      iii    Total Non-Cash Principal Activity          $        (8,394,134.24) $        (7,498,465.03) $        (9,868,326.66) $        (9,438,257.19) $        (51,407,914.63) $        (59,627,672.72)

               (-)    Total Student Loan Principal Activity             $      104,229,693.43    $     125,478,438.14    $       70,528,192.62   $       92,926,838.90    $      266,437,111.88   $      146,763,006.51

                      Student Loan Interest Activity
                      i     Regular Interest Collections                $         6,553,046.95   $        8,151,907.14   $       10,743,472.66   $       11,532,481.56    $       60,612,438.53   $        56,868,122.64
                      ii     Interest Claims Received from Guarantors               485,194.92              615,599.96              538,620.61            1,125,649.39    $        3,428,890.74               602,187.26
                      iii    Collection Fees/Returned Items                          19,000.70               19,251.59                     -                       -      $                 -                        -
                      iv     Late Fee Reimbursements                                218,568.83              275,397.71              266,744.73              291,928.99    $        1,306,431.46             1,029,100.06
                      v      Interest Reimbursements                                769,094.67              600,272.18              412,572.72              397,769.24    $          957,484.37               688,624.29
                      vi     Other System Adjustments                                      -                       -                       -                       -      $                 -                    (921.57)
                      vii    Special Allowance Payments                             193,400.16               (1,038.79)              (1,534.29)              (4,447.93)   $        3,758,225.72            12,371,246.76
                      viii   Subsidy Payments                                     1,962,204.65            2,990,242.30            3,143,060.28            3,497,678.02    $       21,990,042.65            19,976,237.48
                      ix     Total Interest Collections                 $        10,200,510.88   $       12,651,632.09 $         15,102,936.71 $         16,841,059.27    $       92,053,513.47   $        91,534,596.92

                      Student Loan Non-Cash Interest Activity
                      i     Interest Accrual Adjustment                 $        (1,265,075.66) $        (1,202,124.76) $          (653,715.09) $        (1,302,994.48) $          (2,709,311.94) $        (3,886,083.10)
                      ii     Capitalized Interest                                 9,822,053.68            8,823,494.77           10,721,875.68           11,025,075.84            54,928,896.65            63,725,631.94
                      iii    Total Non-Cash Interest Adjustments        $         8,556,978.02   $        7,621,370.01   $       10,068,160.59   $        9,722,081.36    $       52,219,584.71   $        59,839,548.84
                      Total Student Loan Interest Activity              $        18,757,488.90   $       20,273,002.10   $       25,171,097.30   $       26,563,140.63    $      144,273,098.18   $      151,374,145.76

               (=)    Ending Student Loan Portfolio Balance             $     1,163,585,540.10   $    1,267,815,233.53   $    1,393,293,671.67   $    1,463,821,864.29    $    1,556,748,703.19   $     1,823,185,815.07
               (+)    Interest to be Capitalized                        $        11,319,915.75   $       14,872,636.44   $       16,453,043.36   $       17,852,189.62    $       18,420,878.89   $        25,620,406.65

               (=)    TOTAL POOL                                        $     1,174,905,455.85   $    1,282,687,869.97   $    1,409,746,715.03   $    1,481,674,053.91    $    1,575,169,582.08   $     1,848,806,221.72

               (+)    Reserve Account Balance                           $         2,937,263.64   $        3,206,719.67   $        3,524,366.79   $        3,704,185.13    $        3,937,923.96   $         4,622,015.55

               (=)    Total Adjusted Pool                               $     1,177,842,719.49   $    1,285,894,589.64   $    1,413,271,081.82   $    1,485,378,239.04    $    1,579,107,506.04   $     1,853,428,237.27




                                                                                                             11
XIII. 2000-2 Payment History and CPRs
                     Distribution          Actual         Since Issued
                         Date           Pool Balances        CPR *


                        Jul-00      $     1,949,533,895      5.10%


                        Oct-00      $     1,896,395,150      5.73%


                        Jan-01      $     1,848,806,222      5.51%

                        Apr-01      $     1,804,776,477      5.10%

                        Jul-01      $     1,750,410,785      5.22%

                        Oct-01      $     1,679,285,779      5.86%

                        Jan-02      $     1,575,169,582      7.33%

                        Apr-02      $     1,481,674,054      8.25%

                        Jul-02      $     1,409,746,715      8.50%


                        Oct-02      $     1,282,687,870     10.20%

                        Jan-03      $     1,174,905,456     11.33%

        * "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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