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                                                                   Page 14 of 24
                                                                   EXHIBIT 99(f)

                        KEYCORP STUDENT LOAN TRUST 2000-B

                 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY

                          Statement of Compliance with
                      Specifically Identified Requirements

                                December 31, 2003

                 (With Independent Accountants' Report Thereon)

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                                                                   Page 15 of 24

[KPMG LOGO]
             KPMG LLP
             Suite 2600
             One Cleveland Center
             1375 E. Ninth Street
             Cleveland, OH 44114-1796

                         INDEPENDENT ACCOUNTANTS' REPORT

JPMorgan Chase Bank
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 September 1, 2000, about the
Servicer's compliance with the servicing of the KeyCorp Student Loan Trust
2000-B student loans as of December 31, 2003, 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 conducted 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 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
September 1, 2000, included in the accompanying Statement of Compliance with
Specifically Identified Requirements as of December 31, 2003, 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 (sub-servicer), Key Bank USA, National
Association (administrator and master servicer), JPMorgan Chase Bank (formerly
known as Bank One, National Association) (eligible lender trustee), Deutsche
Bank Trust Company Americas (formerly known as Bankers Trust Company) (indenture
trustee), and MBIA (securities insurer) and is not intended to be and should not
be used by anyone other than these specified parties.

                                   /s/ KPMG LLP

February 27, 2004

[LOGO] KPMG LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.

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                                                                   Page 16 of 24

                 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 2000-B, 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 September 1, 2000 (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 as well as student loans which are not guaranteed (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, 2003 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 17 of 24

                 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, 2003 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, 2003 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, 2003 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 18 of 24

              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, 2003
               and for the year then ended, except as noted in the
               'Noncompliance' section:

               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, 2003 and for the year then ended.

II.      NONCOMPLIANCE

         1. FINANCED FEDERAL LOANS

            No items noted.

         2. FINANCED PRIVATE LOANS

            During procedures performed for the year ended December 31, 2002,
            and as reported in the February 28, 2003 report, the following
            noncompliance was noted which relates to the year ended December 31,
            2003 and therefore, is repeated in this report:

               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 19 of 24

                 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 1.18% of the Trust being
            impacted by this error prior to correction.

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