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                                                                   Page 13 of 19
                                                                   EXHIBIT 99(e)









                        KEYCORP STUDENT LOAN TRUST 1999-A

                 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY

                          Statement of Compliance with
                      Specifically Identified Requirements

                                December 31, 2002

                 (With Independent Accountants' Report Thereon)








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                                                                   Page 14 of 19


[KPMG LOGO]

    One Cleveland Center
    1375 E. Ninth Street
    Cleveland, OH 44114-1796

                         INDEPENDENT ACCOUNTANTS' REPORT

Bank One, National Association
as Eligible Lender Trustee

We have examined Pennsylvania Higher Education Assistance Agency's (Servicer)
assertions with respect to Sections 3.03, 3.04, 4.01, 4.02, 4.03, 4.08, 5.02,
and 5.03 of the Sale and Servicing Agreement dated January 1, 1999, about the
Servicer's compliance with the servicing of the KeyCorp Student Loan Trust
1999-A student loans as of December 31, 2002, and for the year then ended, as
indicated in the accompanying Statement of Compliance with Specifically
Identified Requirements. The Servicer is responsible for the Servicer's
compliance with those requirements. Our responsibility is to express an opinion
on the Servicer's assertions about compliance based on our examination.

Our examination was made in accordance with attestation standards established by
the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Servicer's compliance
with those requirements and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on the Servicer's compliance with attestation specified
requirements.

In our opinion, the Servicer's assertions with respect to Sections 3.03, 3.04,
4.01, 4.02, 4.03, 4.08, 5.02, and 5.03 of the Sale and Servicing Agreement dated
January 1, 1999, included in the accompanying Statement of Compliance with
Specifically Identified Requirements as of December 31, 2002, and for the year
then ended, are fairly stated in all material respects.

This report is intended solely for the information and use of Pennsylvania
Higher Education Assistance Agency, Key Bank USA, National Association, Bank
One, National Association, and Deutsche Bank Trust Company Americas (formerly
known as Bankers Trust Company) and is not intended to be and should not be used
by anyone other than these specified parties.



                                        /s/ KPMG LLP

February 28, 2003

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                                                                   Page 15 of 19

                 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY
        Statement of Compliance with Specifically Identified Requirements


Pennsylvania Higher Education Assistance Agency (PHEAA) has complied with the
specifically identified servicing requirements for the KeyCorp Student Loan
Trust 1999-A, with respect to Sections 3.03, 3.04, 4.01, 4.02, 4.03, 4.08, 5.02,
and 5.03 of the Sale and Servicing Agreement dated January 1, 1999 (the
Agreement), relating to the student loans that are guaranteed as to payment of
principal and interest by PHEAA or the American Student Assistance Corporation
(ASA) and are reinsured by the Department of Education (Financed Federal Loans),
and student loans guaranteed as to payment of principal and interest by The
Education Resources Institute, Inc. (TERI) and not reinsured by the Department
of Education (Financed Private Loans).

I.      COMPLIANCE

        1.      FINANCED FEDERAL LOANS

                A.  Compliance with the aforementioned Sections of the Agreement
                    relating to the Financed Federal Loans is limited to the
                    following federal regulations as published in their entirety
                    in the December 18, 1992 Federal Register, Part II,
                    Department of Education, 34 Code of Federal Regulations
                    (CFR), Federal Family Education Loan Program: Final
                    Regulations.

                    We have complied with the following federal regulations for
                    the Financed Federal Loans as of December 31, 2002 and for
                    the year then ended:

                    -   34 CFR 682.202, "Permissible Charges by Lenders to
                        Borrowers"; all parts except for (a)(2), (b)(5),
                        (c)-(e), and (g).

                    -   34 CFR 682.208, "Due Diligence in Servicing a Loan"; all
                        parts except for (b)(1)(i)-(ii), (b)(1)(v), (b)(2), and
                        (c)-(f).

                    -   34 CFR 682.209, "Repayment of a Loan"; all parts except
                        for (a)(2)(i), (a)(4), (b), (d), (f), (g), (i), and (j).

                    -   34 CFR 682.210, "Deferment"; all parts except for
                        (a)(9) and (b)(6).

                    -   34 CFR 682.211, "Forbearances"; all parts except for
                        (a)(3) and (d).

                    -   34 CFR 682.213, "Prohibition Against the Use of the
                        Rule of 78s."

                    -   34 CFR 682.300, "Payment of Interest Benefits on
                        Stafford Loans."

                    -   34 CFR 682.301, "Eligibility of Borrowers for Interest
                        Benefits on Stafford Loans"; all parts except for (a)
                        and (c).

                    -   34 CFR 682.302, "Payment of Special Allowance on FFEL
                        Loans"; all parts except for (c)(2), (c)(3), (d), and
                        (e).

                    -   34 CFR 682.304, "Methods for Computing Interest Benefit
                        and Special Allowance"; all parts except for (a), (b),
                        and (d)(2).

                    -   34 CFR 682.305, "Procedures for Payment of Interest
                        Benefit and Special Allowance"; all parts except for
                        (a)(2)-(4), (b), and (c).



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                                                                   Page 16 of 19


                 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY
        Statement of Compliance with Specifically Identified Requirements


                    -   34 CFR 682.402, "Death, Disability and Bankruptcy
                        Payments"; all parts except for (e), (g), and (i)-(k).

                    -   34 CFR 682.411, "Due Diligence by Lenders in the
                        Collection of Guaranty Agency Loans"; all parts except
                        for (f), (i), (j), (m), and (n).

                    -   34 CFR 682.414, "Records, Reports, and Inspection
                        Requirements for Guaranty Agency Programs"; all parts
                        except for (a)(1), (a)(2), (a)(3), (b), and (c).

                B.  Compliance with the aforementioned Sections of the Agreement
                    relating to the Financed Federal Loans is limited to the
                    following federal regulations as published in their entirety
                    in the December 1, 1995 Federal Register, Part III,
                    Department of Education, 34 Code of Federal Regulations
                    (CFR), Federal Family Education Loan Program: Final Rule.

                    We have complied with the following federal regulations for
                    the Financed Federal Loans as of December 31, 2002 and for
                    the year then ended:

                    -   34 CFR 682.209, "Repayment of a Loan"; Part (b).

                C.  Compliance with the aforementioned Sections of the Agreement
                    relating to the Financed Federal Loans is limited to the
                    following federal regulations as published in their entirety
                    in the October 29, 1999 Federal Register, Part V, Department
                    of Education, 34 Code of Federal Regulations (CFR), Federal
                    Family Education Loan Program: Final Rule.

                    We have complied with the following federal regulations for
                    the Financed Federal Loans as of December 31, 2002 and for
                    the year then ended:

                    -   34 CFR 682.411, "Lender Due Diligence in Collecting
                        Guaranty Agency Loans"; Part (f).

                D.  Compliance with the aforementioned Sections of the Agreement
                    relating to the Financed Federal Loans is limited to the
                    following federal regulations as published in their entirety
                    in the July 27, 2000 Federal Register, Part V, Department of
                    Education, 34 Code of Federal Regulations (CFR), Federal
                    Family Education Loan Program: Final Rule.

                    We have complied with the following federal regulations for
                    the Financed Federal Loans as of December 31, 2002 and for
                    the year then ended:

                    -   34 CFR 682.411, "Lender Due Diligence in Collecting
                        Guaranty Agency Loans"; Part (i).

        2.      FINANCED PRIVATE LOANS

                A.  Compliance with the aforementioned sections of the Agreement
                    relating to the Financed Private Loans is limited to the
                    following requirements contained in the Access Loan Programs
                    Servicing Agreement between Pennsylvania Higher Education
                    Assistance Agency and Society National Bank dated March 23,
                    1995.



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                                                                   Page 17 of 19


                 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY
        Statement of Compliance with Specifically Identified Requirements


                    We have complied with the following sections of the
                    Agreement relating to the Financed Private Loans as of
                    December 31, 2002 and for the year then ended:

                    I.  "Account Servicing, Document Storage"

                    II. "Delinquency Servicing"

                    IV. "Deferment and Forbearance Processing"

                    VI. "Filing Claims"

                B.  Compliance with the aforementioned sections of the Agreement
                    relating to the Financed Private Loans is limited to the
                    following requirements contained in the 2000 Servicing
                    Guidelines for TERI, effective December 1, 2000.

                    We have complied with the revised delinquency servicing
                    requirements for TERI guaranteed Financed Private Loans as
                    of December 31, 2002 and for the year then ended.

II.     NONCOMPLIANCE

        1.      FINANCED FEDERAL LOANS

                No items noted.

        2.      FINANCED PRIVATE LOANS

                No items noted as of December 31, 2002 and for the year then
                ended; however, during procedures performed, KPMG noted
                noncompliance after December 31, 2002 as noted below:

                    I.  "Account Servicing, Document Storage" which states
                        "Without limiting the generality of the foregoing or of
                        any other provision set forth in the Agreement and
                        notwithstanding any other provision to the contrary set
                        forth herein, the Subservicer shall manage, service,
                        administer and make collections with respect to the
                        Financed Student Loans (other than collection of any
                        Interest Subsidy Payments and Special Allowance
                        Payments, which the Eligible Lender Trustee will perform
                        on behalf of the Trust) in accordance with, and
                        otherwise comply with, all applicable Federal and State
                        laws, including all applicable standards, guidelines and
                        requirements of the Higher Education Act (in the case of
                        any Financed Federal Loans) and any Guarantee Agreement
                        (in the case of all the Financed Student Loans)"

                    The interest rate on Residency Access Loan (REL) loans was
                    incorrectly stated at 4.607% for the period of January 1,
                    2003 through February 21, 2003. The correct interest rate
                    should have been 3.957%.

                PHEAA'S RESPONSE

                A corrective action was implemented immediately to require
                enhanced quality assurance by the Graduate Services staff. The
                compensating control now requires a primary and secondary review
                and sign off by the originating department.



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                                                                   Page 18 of 19


                 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY
        Statement of Compliance with Specifically Identified Requirements

                In addition, an inquiry identified REL loans that contained this
                error and all impacted accounts were corrected as of February
                21, 2003 by updating the Interest Rate Loan Program Definition
                Table. Verification of the change was provided to KPMG for
                report purposes. The inquiry identified all REL loans with
                outstanding balances that were in repayment, which resulted in
                2.86% of the Trust being impacted by this error prior to
                correction.






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