DBRS Assigns Ratings to SLM National Funding Trust

DBRS, Inc. (DBRS) has assigned a rating of AAA (sf) to the Class A Notes issued by SLM National Funding Trust pursuant to the Note Purchase and Security Agreement dated as of June 10, 2013. The SLM National Funding Trust, Class A Notes have been issued in an amount of $6.8 billion. The assets securing the SLM National Funding Trust, Class A Notes consist of loans originated pursuant to the Federal Family Education Loan Program.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. FFELP Student Loan Transactions, which can be found on our website under Methodologies.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.