# EDGAR Filing Document

**Accession Number:** 0002071239
**File Stem:** 0000929638-25-002193
**Filing Date:** 2025-6
**Character Count:** 57468
**Document Hash:** 4619ca06841182ccd5720c1bf8fdf32d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-002193.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0000929638-25-002193

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250609

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Navient Education Loan Funding, LLC
- **CENTRAL INDEX KEY:** 0002071239

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07773
- **FILM NUMBER:** 251033699

**BUSINESS ADDRESS:**
- **STREET 1:** 13865 SUNRISE VALLEY DRIVE
- **CITY:** HERNDON
- **STATE:** VA
- **ZIP:** 20171
- **BUSINESS PHONE:** 703-984-5736

**MAIL ADDRESS:**
- **STREET 1:** 13865 SUNRISE VALLEY DRIVE
- **CITY:** HERNDON
- **STATE:** VA
- **ZIP:** 20171
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Navient Education Loan Funding, LLC
- **CENTRAL INDEX KEY:** 0002071239

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 13865 SUNRISE VALLEY DRIVE
- **CITY:** HERNDON
- **STATE:** VA
- **ZIP:** 20171
- **BUSINESS PHONE:** 703-984-5736

**MAIL ADDRESS:**
- **STREET 1:** 13865 SUNRISE VALLEY DRIVE
- **CITY:** HERNDON
- **STATE:** VA
- **ZIP:** 20171

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

#### FORM ABS-15G

#### ASSET-BACKED SECURITIZER

#### REPORT PURSUANT TO SECTION 15G OF

#### THE SECURITIES EXCHANGE ACT OF 1934

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

___ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period ______________ to ______________.

Date of Report (Date of earliest event reported): ______________<br>Commission File Number of securitizer:&nbsp;&nbsp;&nbsp;&nbsp; ______________<br>Central Index Key Number of securitizer:&nbsp;&nbsp;&nbsp;&nbsp; ______________<br>

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <br> Name and telephone number, including area code, of the person to

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [ ]

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [ ]

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [ ]

_<u>X</u>_ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0002071239

Central Index Key Number of sponsor: ____________

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Education Loan Trust 2025-A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): 0002071713<br>

Central Index Key Number of underwriter (if applicable): ____________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;</u> <u>Roger Yankoupe, (703) 984-5736 &nbsp;&nbsp;&nbsp;&nbsp;</u> Name and telephone number, including area code, of the person to

contact in connection with this filing.

------

#### INFORMATION TO BE INCLUDED IN THE REPORT

---

| | |
|:---|:---|
| **Item 2.01.** | **<u>Findings and Conclusions of a Third Party Due Diligence Report Obtained By the Issuer</u>** |

---

Attached as Exhibit 99.1 hereto is an agreed-upon procedures report, dated June 6, 2025 of KPMG LLP, obtained by the securitizer, which report sets forth the findings and conclusions, as applicable, of KPMG LLP with respect to certain agreed-upon procedures performed by KPMG LLP.

------

#### SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 9, 2025

---

| | |
|:---|:---|
| NAVIENT EDUCATION LOAN FUNDING, LLC | NAVIENT EDUCATION LOAN FUNDING, LLC |
| (Securitizer) | (Securitizer) |
| By:  | <u>/s/ Joe Fisher&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>  |
|  | Name: Joe Fisher |
|  | Title: President and Chief Financial Officer |

---

------

#### EXHIBIT INDEX
<u>Exhibit Number</u>

99.1 KPMG Agreed-Upon Procedures Report

## Exhibit 99.1

**Exhibit 99.1**

![](kpmg_logo.jpg)

KPMG LLP Suite 700 20 Pacifica Irvine, CA 92618-3391

#### Independent Accountants' Agreed-Upon Procedures Report
Navient Corporation (the "Company")<br> Navient Education Loan Funding, LLC (the "Responsible Party")<br> Navient Education Loan Solutions, LLC<br> Barclays Capital Inc. (the "Structuring Agent")<br> Atlas SP Partners, L.P.<br> BofA Securities, Inc.<br> J.P. Morgan Securities LLC<br> RBC Capital Markets, LLC<br> (together, the "Specified Parties")

Re: Navient Education Loan Trust 2025-A – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "NAVEL 2025-A Loan Tape Plus Additional Fields.xlsx" (the "Data File"), provided by the Responsible Party on May 30, 2025, containing information on 23,871 student loans (the "Student Loans") as of April 27, 2025 (the "Cutoff Date"), which we were informed are intended to be included as collateral in the offering by Navient Education Loan Trust 2025-A. The Responsible Party is responsible for the specified attributes identified by the Responsible Party in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;• The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences
 were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be
 in agreement if differences were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "reporting threshold" means that dollar amounts were within $1.00, First Payment Dates were within two (2) days, and Remaining Terms were within one (1) month.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "FDR System" means the Company's internal servicing system containing certain information such as interest rate, loan status, first payment date, original loan balance, current loan
 balance, and original maturity date related to the Selected Student Loans (defined below).

KPMG LLP, a Delaware limited liability partnership and a member firm of the<br> KPMG global organization of independent member firms affiliated with<br> KPMG International Limited, a private English company limited by guarantee.<br>

------

![](kpmg_logo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Capitalized Interest Balance Supplemental File" means an electronic data file entitled "EDW Results for Capitalized Interest Balance as of 20250427.xlsx," provided by the Responsible
 Party on<br>
 May 30, 2025, containing the Capitalized Interest Balance for the Selected Student Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Remaining Amortizing Term Supplemental File" means an electronic data file entitled "EDW Results for Remaining Amortizing Term as of 20250427.xlsx," provided by the Responsible Party
 on<br>
 June 4, 2025, containing the Remaining Amortizing Term for the Selected Student Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Earnest Loan ID Mapping" means an electronic data file entitled "NAVEL 2025-A Sample Selection - Earnest Mapping Amended.xlsx," provided by the servicer, Earnest Operations LLC
 ("Earnest"), on behalf of the Responsible Party, on May 15, 2025, containing the loan numbers for the Selected<br>
 Student Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Verify Report Page" means an electronic file, provided by Earnest, containing certain information from Earnest's internal application verification tool such as loan number, school
 type, school name, and school degree for the Selected Student Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Earnest Internal Tools Page" means screenshots containing information from Earnest's internal application underwriting tool related to original FICO score and underwritten FICO for the
 Selected<br>
 Student Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Title IV Federal School Code List" means a listing identifying schools in the United States participating in Title IV federal student aid programs that we were instructed by the
 Responsible Party to download from the "Federal Student Aid Website" (<u>https://fsapartners.ed.gov/knowledge-center/library/%20federal-school-code-lists/2024-05-01/2024-25-federal-school-code-list-participating-schools-may-2024</u>).

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Accredited Programs List" means a listing identifying accredited schools issued by the U.S. Department of Education's Office of Post-secondary Education (OPE) that we were instructed
 by the Responsible Party to download from the "Database of Accredited Postsecondary Institutions and Programs Website" (<u>https://ope.ed.gov/accreditation/</u>) and
 the "International Schools That Participate in the Federal Student Loan Programs" (<u>https://studentaid.gov/sites/default/files/international-schools-in-federal-loan-programs.pdf</u>).

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Amortized Payment History Schedule" means a schedule of the payment history information for certain Selected Student Loans extracted from the FDR System.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Loan Files" means the following information sources provided by Earnest, on behalf of the Responsible Party:

<br> – Loan Agreement

<br> – Capitalized Interest Balance Supplemental File

<br> – Remaining Amortizing Term Supplemental File

<br> – Earnest Loan ID Mapping

<br> – Verify Report Page

<br> – Earnest Internal Tools Page

<br> – Title IV Federal School Code List

<br> – Accredited Programs List

<br> – Amortized Payment History Schedule, and

the following screens in the FDR System: #BS Screen, #BS1 Screen, #BS3 Screen, #BS5 Screen, #CDS Screen, #CIS Screen, #CMS Screen, #CSS Screen, #EDH Screen, #ED2 Screen, #NM AF Screen, #NM CC Screen, #NM CR Screen, #NM CS Screen, #NPO Screen, #NM SA2 Screen, #NM LL Screen, and #HDI Screen.<br>

------

![](kpmg_logo.jpg)

The Loan Files were represented by Earnest, on behalf of the Responsible Party, to be copies of the original Loan Files or electronic records contained within the respective system or website.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Instructions" means the instructions provided by the Responsible Party pertaining to a procedure, attribute, methodology, or value, as described in Exhibit B.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Provided Information" means the Loan Files and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. We randomly selected a sample of Student Loans from the Data File utilizing a confidence level of 95.0%, an expected error rate of 3.0%, and a maximum estimated error occurrence rate (the upper
 error limit) for each of the attributes not to exceed 5.0%. The selection criteria resulted in a sample of 360 Student Loans (the "Selected Student Loans" as listed in Exhibit A attached hereto).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. For each Selected Student Loan, we compared or recomputed the specified attributes in the Data File listed below to or using the corresponding information included in the Loan Files, utilizing
 the Instructions, as applicable. The Specified Parties indicated that the absence of any of the information in the Loan Files or the inability to agree the indicated information from the Data File to the Loan Files for each of the attributes
 identified, utilizing the Instructions, as applicable, constituted an exception. The Loan Files documents are listed in the order of priority.

---

| | |
|:---|:---|
|  <u>Attributes</u> | <u>Loan Files/Instructions</u> |
|  Loan Number | "Application ID" field in the Verify Report Page |
|  Loan Type | Loan Agreement |
|  Borrower State | "Address" field on #BS1 Screen or any notations related to address changes on #CIS Screen |
|  Interest Rate | "INT RT" column on #EDH Screen, "INT 1%" field and "INT 2%" field in "ORIG STMT VALUES" section on #ED2 Screen, "AUTO PAY FLAG" field on #NM AF Screen, #HDI Screen for interest rate with borrower benefit related information, and "CALC ANN RATE:CASH" field on #NM SA2 Screen |
|  Payment Frequency | "MISC 13" field on #NM CS Screen, "PREV AUTO FLAG" field on #CMS Screen and Instructions |
|  Loan Status | "CURR LOAN STAT" column on #EDH Screen, "MISC FIELD 2" column on #BS3 Screen and Instructions |
|  First Payment Date | "#12" field on #NM CC Screen, "RPMT BEGIN DT" field on #EDH Screen, "1st ACTIVE DATE" field on #BS5 Screen and Instructions |
|  Original Loan Balance | "TOTALDISB" field within "DISBMNTS" tab on #HDI Screen or "FINANCIAL INSTITUTION" field on #NM CC Screen |
|  Current Principal Balance | "ACCOUNT BALANCE" column on #CSS Screen, documentation of change that affects the current principal balance on #CIS Screen, "CUR BAL" field on #BS Screen, "FINANCIAL INSTITUTION" field on #NM CC Screen, "RPMT FEE" field or "CAP INT" field on #ED2 Screen, "DISBURSEMENT" and "ADJUSTMENT" fields on #CSS Screen or #CDS Screen or "MEMO TEXT" field on #CMS Screen, "RETRO PROCESSING" field on #ED2 Screen, "Interest Rate" field on |

---

------

![](kpmg_logo.jpg)

---

| | |
|:---|:---|
|  <u>Attributes</u> | <u>Loan Files/Instructions</u> |

---

#CSS Screen, "CYCLE DATE" on #CSS Screen, "PAYMENT" fields on #CSS Screen or #CDS Screen, "PRINCIPAL PAID" field in the Amortized Payment History Schedule, and Instructions<br>

---

| | |
|:---|:---|
|  Original Maturity Date | "MATURITY DT" field on #EDH Screen, "METHOD OVERRIDE END DATE" field using the "RULS MIN PAY (CP PO RM)" field on #NPO Screen, notation of status change on #CIS Screen, and "EQUITY MATURITY DATE" field on #NM LL Screen |
|  Remaining Term | "MATURITY DT" field and "DUE DATE" field on #EDH Screen, notation of status change on #CIS Screen, and Instructions |
|  School Type | "School" field in the "Eligibility/Rate Check" section of the Verify Report Page, Title IV Federal School Code List and Instructions |
|  School Name | "School" field in the "Eligibility/Rate Check" section of the Verify Report Page |
|  School Degree | "Degree Type" field in the "Eligibility/Rate Check" section of the Verify Report Page and Instructions. |
|  Original FICO Score | "EDS SCR01" or "EDS SCR02" field in "FICO INFO" tab on #HDI Screen |
|  Underwritten FICO | "EDS SCR01" or "EDS SCR02" field in "FICO INFO" tab on #HDI Screen, or "Score" field in the "FICO" section of the Earnest Internal Tools Page<br> Consider the Underwritten FICO to be the higher value between the values listed in the "EDS SCR01" field and "EDS SCR02" field. |
|  Repayment Status | "CURR LOAN PHASE" column on #EDH Screen, "MISC FIELD 2" column on #BS3 Screen, "ORIG STMT STATUS" field on #ED2 Screen and Instructions |
|  Loan Start Date | "#12" field on #NM CC Screen |
|  Original Step Up Date | "CLOSING COSTS BILLED DATE" field on #NM LL Screen, "RPMT BEGIN DT" field on #EDH Screen, or notation of closing costs billed date change on #CIS Screen |
|  Capitalized Interest Balance | "loan_cptz_int_amount" column in Capitalized Interest Balance Supplemental File |
|  Remaining Amortizing Term | "MATURITY DT" field on #EDH Screen, "rpmt_prin_int_rmng_term_ cnt" column in Remaining Amortizing Term Supplemental File and Instructions |
|  Days Past Due | "CYCLE DATE" field on #CSS Screen and Instructions |

---

------

![](kpmg_logo.jpg)

---

| | |
|:---|:---|
|  <u>Attributes</u> | <u>Loan Files/Instructions</u> |

---

---

| | |
|:---|:---|
|  Interim Status End Date | "CURR LOAN STAT" field on #EDH Screen, "MISC FIELD 2" field on the #BS3 Screen, "CYCLE DATE" on #CSS Screen, "RPMT BEGIN DT" field on #EDH Screen, or "METHOD OVERRIDE END DATE" field using the "RULS MIN PAY (CP PO RM)" field on #NPO Screen, and Instructions |
|  Contractual Interest Rate | "INT RT" column on #EDH Screen, "AUTO PAY FLAG" field, "AUTO-PAY STRT DT" field on #NM AF Screen, "DDD RATE" field on "DDDBenefit" tab on #HDI Screen, and Instructions |
|  Cosigner Flag | "SECONDARY SSN#" field on #NM CR Screen and Instructions<br> Consider a value other than all zeros to be "Y". |
|  Autopay Discount | "DDD_RATE" field within "DDDBenefit" tab on #HDI Screen |
|  Short Term Interest Only Forbearance | "CURR LOAN STAT" column on #EDH Screen and Instructions<br>|
|  Term Extension | "#2" field on #NM CC screen and Instructions |
|  Loan Mod | "INTEREST RT (CP IC ID)" field on #NPO Screen and Instructions |
|  Repayment Option Code | "Repayment Option" field in Loan Agreement |
|  Education Major | "Major" field in the "Application" section of the Verify Report Page |
| Original Borrower Residence | Loan Agreement |
|  Title IV School | "School" field in the "Eligibility/Rate Check" section of the Verify Report Page, Accredited Programs List<br> Observe the School Name appeared in the Title IV Federal School Code List utilizing the Instructions. |

---

The information regarding the Selected Student Loans was found to be in agreement, except as listed in Exhibit C.

Based on the results of the procedures performed, there is a 95.0% confidence level that the maximum estimated error occurrence rate for each of the attributes across the entire population of 23,871 Student Loans does not exceed 5.0%. Because we are not engaged to express a conclusion, we do not offer a conclusion based on the application of a sampling technique.

------

![](kpmg_logo.jpg)

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have<br> been reported.

We are required to be independent of the Responsible Party and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Responsible Party, (ii) the physical existence of the Student Loans, (iii) the reliability or accuracy of the Provided Information, which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Student Loans to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Student Loans being securitized, (iii) the compliance of the originator of the Student Loans with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Student Loans that would be material to the likelihood that the issuer of the asset-backed securities will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California<br> June 6, 2025

------

Exhibit A – The Selected Student Loans

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 2025A001 | &nbsp;&nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp; 2025A039 | &nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp; 2025A077 | &nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp; 2025A115 | &nbsp;&nbsp;&nbsp; 153 | &nbsp;&nbsp;&nbsp; 2025A153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; 2025A002 | &nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp; 2025A040 | &nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp; 2025A078 | &nbsp;&nbsp;&nbsp; 116 | &nbsp;&nbsp;&nbsp; 2025A116 | &nbsp;&nbsp;&nbsp; 154 | &nbsp;&nbsp;&nbsp; 2025A154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; 2025A003 | &nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp; 2025A041 | &nbsp;&nbsp;&nbsp; 79 | &nbsp;&nbsp;&nbsp; 2025A079 | &nbsp;&nbsp;&nbsp; 117 | &nbsp;&nbsp;&nbsp; 2025A117 | &nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp;&nbsp; 2025A155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp; 2025A004 | &nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp; 2025A042 | &nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp; 2025A080 | &nbsp;&nbsp;&nbsp; 118 | &nbsp;&nbsp;&nbsp; 2025A118 | &nbsp;&nbsp;&nbsp; 156 | &nbsp;&nbsp;&nbsp; 2025A156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; 2025A005 | &nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp; 2025A043 | &nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp; 2025A081 | &nbsp;&nbsp;&nbsp; 119 | &nbsp;&nbsp;&nbsp; 2025A119 | &nbsp;&nbsp;&nbsp; 157 | &nbsp;&nbsp;&nbsp; 2025A157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp; 2025A006 | &nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp; 2025A044 | &nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp; 2025A082 | &nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp; 2025A120 | &nbsp;&nbsp;&nbsp; 158 | &nbsp;&nbsp;&nbsp; 2025A158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp; 2025A007 | &nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp; 2025A045 | &nbsp;&nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp; 2025A083 | &nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp; 2025A121 | &nbsp;&nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp; 2025A159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp; 2025A008 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 2025A046 | &nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp; 2025A084 | &nbsp;&nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp; 2025A122 | &nbsp;&nbsp;&nbsp; 160 | &nbsp;&nbsp;&nbsp; 2025A160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp; 2025A009 | &nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp; 2025A047 | &nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp; 2025A085 | &nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp; 2025A123 | &nbsp;&nbsp;&nbsp; 161 | &nbsp;&nbsp;&nbsp; 2025A161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp; 2025A010 | &nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp; 2025A048 | &nbsp;&nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp; 2025A086 | &nbsp;&nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp; 2025A124 | &nbsp;&nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp; 2025A162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp; 2025A011 | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 2025A049 | &nbsp;&nbsp;&nbsp; 87 | &nbsp;&nbsp;&nbsp; 2025A087 | &nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp; 2025A125 | &nbsp;&nbsp;&nbsp; 163 | &nbsp;&nbsp;&nbsp; 2025A163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp; 2025A012 | &nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp; 2025A050 | &nbsp;&nbsp;&nbsp; 88 | &nbsp;&nbsp;&nbsp; 2025A088 | &nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp; 2025A126 | &nbsp;&nbsp;&nbsp; 164 | &nbsp;&nbsp;&nbsp; 2025A164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp; 2025A013 | &nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp; 2025A051 | &nbsp;&nbsp;&nbsp; 89 | &nbsp;&nbsp;&nbsp; 2025A089 | &nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp;&nbsp; 2025A127 | &nbsp;&nbsp;&nbsp; 165 | &nbsp;&nbsp;&nbsp; 2025A165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp; 2025A014 | &nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp; 2025A052 | &nbsp;&nbsp;&nbsp; 90 | &nbsp;&nbsp;&nbsp; 2025A090 | &nbsp;&nbsp;&nbsp; 128 | &nbsp;&nbsp;&nbsp; 2025A128 | &nbsp;&nbsp;&nbsp; 166 | &nbsp;&nbsp;&nbsp; 2025A166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; 2025A015 | &nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp;&nbsp; 2025A053 | &nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp; 2025A091 | &nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp; 2025A129 | &nbsp;&nbsp;&nbsp; 167 | &nbsp;&nbsp;&nbsp; 2025A167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp; 2025A016 | &nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp; 2025A054 | &nbsp;&nbsp;&nbsp; 92 | &nbsp;&nbsp;&nbsp; 2025A092 | &nbsp;&nbsp;&nbsp; 130 | &nbsp;&nbsp;&nbsp; 2025A130 | &nbsp;&nbsp;&nbsp; 168 | &nbsp;&nbsp;&nbsp; 2025A168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp; 2025A017 | &nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp; 2025A055 | &nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp; 2025A093 | &nbsp;&nbsp;&nbsp; 131 | &nbsp;&nbsp;&nbsp; 2025A131 | &nbsp;&nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp; 2025A169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp; 2025A018 | &nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp; 2025A056 | &nbsp;&nbsp;&nbsp; 94 | &nbsp;&nbsp;&nbsp; 2025A094 | &nbsp;&nbsp;&nbsp; 132 | &nbsp;&nbsp;&nbsp; 2025A132 | &nbsp;&nbsp;&nbsp; 170 | &nbsp;&nbsp;&nbsp; 2025A170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp; 2025A019 | &nbsp;&nbsp;&nbsp; 57 | &nbsp;&nbsp;&nbsp; 2025A057 | &nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp; 2025A095 | &nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp;&nbsp; 2025A133 | &nbsp;&nbsp;&nbsp; 171 | &nbsp;&nbsp;&nbsp; 2025A171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp; 2025A020 | &nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp; 2025A058 | &nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp; 2025A096 | &nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp;&nbsp; 2025A134 | &nbsp;&nbsp;&nbsp; 172 | &nbsp;&nbsp;&nbsp; 2025A172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp; 2025A021 | &nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp; 2025A059 | &nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp;&nbsp; 2025A097 | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp; 2025A135 | &nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp; 2025A173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp; 2025A022 | &nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp; 2025A060 | &nbsp;&nbsp;&nbsp; 98 | &nbsp;&nbsp;&nbsp; 2025A098 | &nbsp;&nbsp;&nbsp; 136 | &nbsp;&nbsp;&nbsp; 2025A136 | &nbsp;&nbsp;&nbsp; 174 | &nbsp;&nbsp;&nbsp; 2025A174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp; 2025A023 | &nbsp;&nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp; 2025A061 | &nbsp;&nbsp;&nbsp; 99 | &nbsp;&nbsp;&nbsp; 2025A099 | &nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp; 2025A137 | &nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp;&nbsp; 2025A175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp; 2025A024 | &nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp; 2025A062 | &nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp; 2025A100 | &nbsp;&nbsp;&nbsp; 138 | &nbsp;&nbsp;&nbsp; 2025A138 | &nbsp;&nbsp;&nbsp; 176 | &nbsp;&nbsp;&nbsp; 2025A176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp; 2025A025 | &nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp; 2025A063 | &nbsp;&nbsp;&nbsp; 101 | &nbsp;&nbsp;&nbsp; 2025A101 | &nbsp;&nbsp;&nbsp; 139 | &nbsp;&nbsp;&nbsp; 2025A139 | &nbsp;&nbsp;&nbsp; 177 | &nbsp;&nbsp;&nbsp; 2025A177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp; 2025A026 | &nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp; 2025A064 | &nbsp;&nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp; 2025A102 | &nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp;&nbsp; 2025A140 | &nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp; 2025A178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp; 2025A027 | &nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp; 2025A065 | &nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp; 2025A103 | &nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp;&nbsp; 2025A141 | &nbsp;&nbsp;&nbsp; 179 | &nbsp;&nbsp;&nbsp; 2025A179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp; 2025A028 | &nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp; 2025A066 | &nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp; 2025A104 | &nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp;&nbsp; 2025A142 | &nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp; 2025A180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp; 2025A029 | &nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp; 2025A067 | &nbsp;&nbsp;&nbsp; 105 | &nbsp;&nbsp;&nbsp; 2025A105 | &nbsp;&nbsp;&nbsp; 143 | &nbsp;&nbsp;&nbsp; 2025A143 | &nbsp;&nbsp;&nbsp; 181 | &nbsp;&nbsp;&nbsp; 2025A181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp; 2025A030 | &nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp; 2025A068 | &nbsp;&nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp; 2025A106 | &nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp;&nbsp; 2025A144 | &nbsp;&nbsp;&nbsp; 182 | &nbsp;&nbsp;&nbsp; 2025A182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp; 2025A031 | &nbsp;&nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp; 2025A069 | &nbsp;&nbsp;&nbsp; 107 | &nbsp;&nbsp;&nbsp; 2025A107 | &nbsp;&nbsp;&nbsp; 145 | &nbsp;&nbsp;&nbsp; 2025A145 | &nbsp;&nbsp;&nbsp; 183 | &nbsp;&nbsp;&nbsp; 2025A183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp; 2025A032 | &nbsp;&nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp; 2025A070 | &nbsp;&nbsp;&nbsp; 108 | &nbsp;&nbsp;&nbsp; 2025A108 | &nbsp;&nbsp;&nbsp; 146 | &nbsp;&nbsp;&nbsp; 2025A146 | &nbsp;&nbsp;&nbsp; 184 | &nbsp;&nbsp;&nbsp; 2025A184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp; 2025A033 | &nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp; 2025A071 | &nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp; 2025A109 | &nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp;&nbsp; 2025A147 | &nbsp;&nbsp;&nbsp; 185 | &nbsp;&nbsp;&nbsp; 2025A185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp; 2025A034 | &nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp; 2025A072 | &nbsp;&nbsp;&nbsp; 110 | &nbsp;&nbsp;&nbsp; 2025A110 | &nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp; 2025A148 | &nbsp;&nbsp;&nbsp; 186 | &nbsp;&nbsp;&nbsp; 2025A186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp; 2025A035 | &nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp; 2025A073 | &nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp; 2025A111 | &nbsp;&nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp; 2025A149 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 2025A187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp; 2025A036 | &nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp; 2025A074 | &nbsp;&nbsp;&nbsp; 112 | &nbsp;&nbsp;&nbsp; 2025A112 | &nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp; 2025A150 | &nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp;&nbsp; 2025A188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp; 2025A037 | &nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp; 2025A075 | &nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp;&nbsp; 2025A113 | &nbsp;&nbsp;&nbsp; 151 | &nbsp;&nbsp;&nbsp; 2025A151 | &nbsp;&nbsp;&nbsp; 189 | &nbsp;&nbsp;&nbsp; 2025A189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp; 2025A038 | &nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp; 2025A076 | &nbsp;&nbsp;&nbsp; 114 | &nbsp;&nbsp;&nbsp; 2025A114 | &nbsp;&nbsp;&nbsp; 152 | &nbsp;&nbsp;&nbsp; 2025A152 | &nbsp;&nbsp;&nbsp; 190 | &nbsp;&nbsp;&nbsp; 2025A190 |

---

(\*) The Company has assigned a unique Student Loan Number to each student loan in the Data File. The Student Loan Numbers referred to in this Exhibit are not the actual Student Loan Numbers.

------

Exhibit A – The Selected Student Loans

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** | &nbsp;&nbsp;&nbsp; **Selected Student Loan <u>Number</u>** | &nbsp;&nbsp;&nbsp;&nbsp; <br> **Student** <br> **Loan <u>Number</u>\*** |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 191 | &nbsp;&nbsp;&nbsp; 2025A191 | &nbsp;&nbsp;&nbsp; 229 | &nbsp;&nbsp;&nbsp; 2025A229 | &nbsp;&nbsp;&nbsp; 267 | 2025A267 | &nbsp;&nbsp;&nbsp; 305 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A305 | 343 | 2025A343 |
| 192 | &nbsp;&nbsp;&nbsp; 2025A192 | &nbsp;&nbsp;&nbsp; 230 | &nbsp;&nbsp;&nbsp; 2025A230 | &nbsp;&nbsp;&nbsp; 268 | 2025A268 | &nbsp;&nbsp;&nbsp; 306 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A306 | 344 | 2025A344 |
| 193 | &nbsp;&nbsp;&nbsp; 2025A193 | &nbsp;&nbsp;&nbsp; 231 | &nbsp;&nbsp;&nbsp; 2025A231 | &nbsp;&nbsp;&nbsp; 269 | 2025A269 | &nbsp;&nbsp;&nbsp; 307 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A307 | 345 | 2025A345 |
| 194 | &nbsp;&nbsp;&nbsp; 2025A194 | &nbsp;&nbsp;&nbsp; 232 | &nbsp;&nbsp;&nbsp; 2025A232 | &nbsp;&nbsp;&nbsp; 270 | 2025A270 | &nbsp;&nbsp;&nbsp; 308 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A308 | 346 | 2025A346 |
| 195 | &nbsp;&nbsp;&nbsp; 2025A195 | &nbsp;&nbsp;&nbsp; 233 | &nbsp;&nbsp;&nbsp; 2025A233 | &nbsp;&nbsp;&nbsp; 271 | 2025A271 | &nbsp;&nbsp;&nbsp; 309 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A309 | 347 | 2025A347 |
| 196 | &nbsp;&nbsp;&nbsp; 2025A196 | &nbsp;&nbsp;&nbsp; 234 | &nbsp;&nbsp;&nbsp; 2025A234 | &nbsp;&nbsp;&nbsp; 272 | 2025A272 | &nbsp;&nbsp;&nbsp; 310 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A310 | 348 | 2025A348 |
| 197 | &nbsp;&nbsp;&nbsp; 2025A197 | &nbsp;&nbsp;&nbsp; 235 | &nbsp;&nbsp;&nbsp; 2025A235 | &nbsp;&nbsp;&nbsp; 273 | 2025A273 | &nbsp;&nbsp;&nbsp; 311 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A311 | 349 | 2025A349 |
| 198 | &nbsp;&nbsp;&nbsp; 2025A198 | &nbsp;&nbsp;&nbsp; 236 | &nbsp;&nbsp;&nbsp; 2025A236 | &nbsp;&nbsp;&nbsp; 274 | 2025A274 | &nbsp;&nbsp;&nbsp; 312 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A312 | 350 | 2025A350 |
| 199 | &nbsp;&nbsp;&nbsp; 2025A199 | &nbsp;&nbsp;&nbsp; 237 | &nbsp;&nbsp;&nbsp; 2025A237 | &nbsp;&nbsp;&nbsp; 275 | 2025A275 | &nbsp;&nbsp;&nbsp; 313 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A313 | 351 | 2025A351 |
| 200 | &nbsp;&nbsp;&nbsp; 2025A200 | &nbsp;&nbsp;&nbsp; 238 | &nbsp;&nbsp;&nbsp; 2025A238 | &nbsp;&nbsp;&nbsp; 276 | 2025A276 | &nbsp;&nbsp;&nbsp; 314 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A314 | 352 | 2025A352 |
| 201 | &nbsp;&nbsp;&nbsp; 2025A201 | &nbsp;&nbsp;&nbsp; 239 | &nbsp;&nbsp;&nbsp; 2025A239 | &nbsp;&nbsp;&nbsp; 277 | 2025A277 | &nbsp;&nbsp;&nbsp; 315 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A315 | 353 | 2025A353 |
| 202 | &nbsp;&nbsp;&nbsp; 2025A202 | &nbsp;&nbsp;&nbsp; 240 | &nbsp;&nbsp;&nbsp; 2025A240 | &nbsp;&nbsp;&nbsp; 278 | 2025A278 | &nbsp;&nbsp;&nbsp; 316 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A316 | 354 | 2025A354 |
| 203 | &nbsp;&nbsp;&nbsp; 2025A203 | &nbsp;&nbsp;&nbsp; 241 | &nbsp;&nbsp;&nbsp; 2025A241 | &nbsp;&nbsp;&nbsp; 279 | 2025A279 | &nbsp;&nbsp;&nbsp; 317 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A317 | 355 | 2025A355 |
| 204 | &nbsp;&nbsp;&nbsp; 2025A204 | &nbsp;&nbsp;&nbsp; 242 | &nbsp;&nbsp;&nbsp; 2025A242 | &nbsp;&nbsp;&nbsp; 280 | 2025A280 | &nbsp;&nbsp;&nbsp; 318 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A318 | 356 | 2025A356 |
| 205 | &nbsp;&nbsp;&nbsp; 2025A205 | &nbsp;&nbsp;&nbsp; 243 | &nbsp;&nbsp;&nbsp; 2025A243 | &nbsp;&nbsp;&nbsp; 281 | 2025A281 | &nbsp;&nbsp;&nbsp; 319 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A319 | 357 | 2025A357 |
| 206 | &nbsp;&nbsp;&nbsp; 2025A206 | &nbsp;&nbsp;&nbsp; 244 | &nbsp;&nbsp;&nbsp; 2025A244 | &nbsp;&nbsp;&nbsp; 282 | 2025A282 | &nbsp;&nbsp;&nbsp; 320 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A320 | 358 | 2025A358 |
| 207 | &nbsp;&nbsp;&nbsp; 2025A207 | &nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp;&nbsp; 2025A245 | &nbsp;&nbsp;&nbsp; 283 | 2025A283 | &nbsp;&nbsp;&nbsp; 321 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A321 | 359 | 2025A359 |
| 208 | &nbsp;&nbsp;&nbsp; 2025A208 | &nbsp;&nbsp;&nbsp; 246 | &nbsp;&nbsp;&nbsp; 2025A246 | &nbsp;&nbsp;&nbsp; 284 | 2025A284 | &nbsp;&nbsp;&nbsp; 322 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A322 | 360 | 2025A360 |
| 209 | &nbsp;&nbsp;&nbsp; 2025A209 | &nbsp;&nbsp;&nbsp; 247 | &nbsp;&nbsp;&nbsp; 2025A247 | &nbsp;&nbsp;&nbsp; 285 | 2025A285 | &nbsp;&nbsp;&nbsp; 323 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A323 |  |  |
| 210 | &nbsp;&nbsp;&nbsp; 2025A210 | &nbsp;&nbsp;&nbsp; 248 | &nbsp;&nbsp;&nbsp; 2025A248 | &nbsp;&nbsp;&nbsp; 286 | 2025A286 | &nbsp;&nbsp;&nbsp; 324 | &nbsp;&nbsp;&nbsp; 2025A324 |  |  |
| 211 | &nbsp;&nbsp;&nbsp; 2025A211 | &nbsp;&nbsp;&nbsp; 249 | &nbsp;&nbsp;&nbsp; 2025A249 | &nbsp;&nbsp;&nbsp; 287 | 2025A287 | &nbsp;&nbsp;&nbsp; 325 | &nbsp;&nbsp;&nbsp; 2025A325 |  |  |
| 212 | &nbsp;&nbsp;&nbsp; 2025A212 | &nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp;&nbsp; 2025A250 | &nbsp;&nbsp;&nbsp; 288 | 2025A288 | &nbsp;&nbsp;&nbsp; 326 | &nbsp;&nbsp;&nbsp; 2025A326 |  |  |
| 213 | &nbsp;&nbsp;&nbsp; 2025A213 | &nbsp;&nbsp;&nbsp; 251 | &nbsp;&nbsp;&nbsp; 2025A251 | &nbsp;&nbsp;&nbsp; 289 | 2025A289 | &nbsp;&nbsp;&nbsp; 327 | &nbsp;&nbsp;&nbsp; 2025A327 |  |  |
| 214 | &nbsp;&nbsp;&nbsp; 2025A214 | &nbsp;&nbsp;&nbsp; 252 | &nbsp;&nbsp;&nbsp; 2025A252 | &nbsp;&nbsp;&nbsp; 290 | 2025A290 | &nbsp;&nbsp;&nbsp; 328 | &nbsp;&nbsp;&nbsp; 2025A328 |  |  |
| 215 | &nbsp;&nbsp;&nbsp; 2025A215 | &nbsp;&nbsp;&nbsp; 253 | &nbsp;&nbsp;&nbsp; 2025A253 | &nbsp;&nbsp;&nbsp; 291 | 2025A291 | &nbsp;&nbsp;&nbsp; 329 | &nbsp;&nbsp;&nbsp; 2025A329 |  |  |
| 216 | &nbsp;&nbsp;&nbsp; 2025A216 | &nbsp;&nbsp;&nbsp; 254 | &nbsp;&nbsp;&nbsp; 2025A254 | &nbsp;&nbsp;&nbsp; 292 | 2025A292 | &nbsp;&nbsp;&nbsp; 330 | &nbsp;&nbsp;&nbsp; 2025A330 |  |  |
| 217 | &nbsp;&nbsp;&nbsp; 2025A217 | &nbsp;&nbsp;&nbsp; 255 | &nbsp;&nbsp;&nbsp; 2025A255 | &nbsp;&nbsp;&nbsp; 293 | 2025A293 | &nbsp;&nbsp;&nbsp; 331 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A331 |  |  |
| 218 | &nbsp;&nbsp;&nbsp; 2025A218 | &nbsp;&nbsp;&nbsp; 256 | &nbsp;&nbsp;&nbsp; 2025A256 | &nbsp;&nbsp;&nbsp; 294 | 2025A294 | &nbsp;&nbsp;&nbsp; 332 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A332 |  |  |
| 219 | &nbsp;&nbsp;&nbsp; 2025A219 | &nbsp;&nbsp;&nbsp; 257 | &nbsp;&nbsp;&nbsp; 2025A257 | &nbsp;&nbsp;&nbsp; 295 | 2025A295 | &nbsp;&nbsp;&nbsp; 333 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A333 |  |  |
| 220 | &nbsp;&nbsp;&nbsp; 2025A220 | &nbsp;&nbsp;&nbsp; 258 | &nbsp;&nbsp;&nbsp; 2025A258 | &nbsp;&nbsp;&nbsp; 296 | 2025A296 | &nbsp;&nbsp;&nbsp; 334 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A334 |  |  |
| 221 | &nbsp;&nbsp;&nbsp; 2025A221 | &nbsp;&nbsp;&nbsp; 259 | &nbsp;&nbsp;&nbsp; 2025A259 | &nbsp;&nbsp;&nbsp; 297 | 2025A297 | &nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A335 |  |  |
| 222 | &nbsp;&nbsp;&nbsp; 2025A222 | &nbsp;&nbsp;&nbsp; 260 | &nbsp;&nbsp;&nbsp; 2025A260 | &nbsp;&nbsp;&nbsp; 298 | 2025A298 | &nbsp;&nbsp;&nbsp; 336 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A336 |  |  |
| 223 | &nbsp;&nbsp;&nbsp; 2025A223 | &nbsp;&nbsp;&nbsp; 261 | &nbsp;&nbsp;&nbsp; 2025A261 | &nbsp;&nbsp;&nbsp; 299 | 2025A299 | &nbsp;&nbsp;&nbsp; 337 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A337 |  |  |
| 224 | &nbsp;&nbsp;&nbsp; 2025A224 | &nbsp;&nbsp;&nbsp; 262 | &nbsp;&nbsp;&nbsp; 2025A262 | &nbsp;&nbsp;&nbsp; 300 | 2025A300 | &nbsp;&nbsp;&nbsp; 338 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A338 |  |  |
| 225 | &nbsp;&nbsp;&nbsp; 2025A225 | &nbsp;&nbsp;&nbsp; 263 | &nbsp;&nbsp;&nbsp; 2025A263 | &nbsp;&nbsp;&nbsp; 301 | 2025A301 | &nbsp;&nbsp;&nbsp; 339 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A339 |  |  |
| 226 | &nbsp;&nbsp;&nbsp; 2025A226 | &nbsp;&nbsp;&nbsp; 264 | &nbsp;&nbsp;&nbsp; 2025A264 | &nbsp;&nbsp;&nbsp; 302 | 2025A302 | &nbsp;&nbsp;&nbsp; 340 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A340 |  |  |
| 227 | &nbsp;&nbsp;&nbsp; 2025A227 | &nbsp;&nbsp;&nbsp; 265 | &nbsp;&nbsp;&nbsp; 2025A265 | &nbsp;&nbsp;&nbsp; 303 | 2025A303 | &nbsp;&nbsp;&nbsp; 341 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A341 |  |  |
| 228 | &nbsp;&nbsp;&nbsp; 2025A228 | &nbsp;&nbsp;&nbsp; 266 | &nbsp;&nbsp;&nbsp; 2025A266 | &nbsp;&nbsp;&nbsp; 304 | 2025A304 | &nbsp;&nbsp;&nbsp; 342 | &nbsp;&nbsp;&nbsp;&nbsp; 2025A342 |  |  |

---

(\*) The Company has assigned a unique Student Loan Number to each student loan in the Data File. The Student Loan Numbers referred to in this Exhibit are not the actual Student Loan Numbers.

------

#### Exhibit B – Instructions

---

| | |
|:---|:---|
| **Attribute** | **Instructions** |
| Payment Frequency | Payment Frequency is considered to be: |
|  | a) "Bi-Weekly" if the 45th position of the "MISC 13" field on the #NM CS Screen is "B" or the "PREV AUTO PAY FLAG" field on the #CMS Screen indicates "0," or |
|  | b) "Monthly" if the 45th position of the "MISC 13" field on the #NM CS Screen is not "B" or the "PREV AUTO PAY FLAG" field on the #CMS Screen indicates "A" or "J." |
| Loan Status | Loan Status is considered to be : |
|  | a) "Repayment" if the "CURR LOAN STAT" field on the #EDH Screen is other than "DMIP" or "F\*\*\*," and the Repayment Type in the "MISC FIELD 2" field on the #BS3 Screen was either "F0025," "FX025," "SOIOP," or blank; |
|  | b) "Repayment" if the "CURR LOAN STATUS" field on the #EDH Screen indicated "SSFP," "SS\*\*," or "FORP"; |
|  | c) "Forbearance" if the "CURR LOAN STATUS" field on the #EDH Screen indicated "SSF\*"; or, |
|  | d) Otherwise, compare to the status contained in the "CURR LOAN STATUS" field on the #EDH Screen. |
| First Payment Date | Compare or recompute the First Payment Date as follows (Instructions are listed in order of priority until the attribute was agreed): |
|  | a) If the "MISC FIELD 2" on the #BS3 Screen was "CT010," "CTIOP," "F0025," "FX025," "P0000," "PPIOP," "SOIOP," or is blank, use "1st ACTIVE DATE" field on the #BS5 Screen. |
|  | b) If the "MISC FIELD 2" on the #BS3 Screen was "D\*\*\*," and "RPMT BEGIN DT" field on the #EDH Screen" was prior to or the same day as the "1st ACTIVE DATE" field on the #BS5 Screen, use "1st ACTIVE DATE" field on the #BS5 Screen. |
|  | c) If the "MISC FIELD 2" on the #BS3 Screen was "D\*\*\*," and "RPMT BEGIN DT" field on the #EDH Screen was after the "1st ACTIVE DATE" field on the #BS5 Screen, recompute the First Payment Date as the first cycle date in the following month after the date in the "RPMT BEGIN DT" field on the #EDH Screen plus one day. |
|  | d) If the cycle date was after the "RPMT BEGIN DT" field on the #EDH Screen, recompute the First Payment Date as the first cycle date after the date in the "RPMT BEGIN DT" field on the #EDH Screen plus one day. |
| Current Principal Balance | Compare or recompute the Current Principal Balance as follows (Instructions are listed in order of priority until the attribute was agreed): |

---

------

Exhibit B – Instructions <br>

---

| | |
|:---|:---|
| **Attribute** | **Instructions** |

---

---

| | |
|:---|:---|
|  | a) Compare to the "ACCOUNT BALANCE" column on the #CSS Screen or documentation of a change that affects the current principal balance on the #CIS Screen. |
|  | b) Compare to the amount in the "CUR BAL" field on the #BS Screen. |
|  | c) Compare to the amount in the "FINANCIAL INSTITUTION" field on the #NM CC Screen. |
|  | d) Recompute the Current Principal Balance as follows: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.&nbsp;&nbsp;&nbsp;&nbsp; Add any applicable Repayment Fee (shown under the "RPMT FEE" field on the #ED2 Screen) or applicable Capitalized Interest (shown under the "CAP INT" field on the #ED2 Screen) to the "ACCOUNT BALANCE" column on the #CSS Screen, and subtract any applicable disbursement amount (shown under the "DISBURSEMENT" field on the #CSS Screen or the #CDS Screen), applicable adjustment (shown under the "ADJUSTMENT" field on the #CSS Screen or the #CDS Screen), or applicable disbursement return amount (shown under the "MEMO TEXT" field on the #CMS Screen); |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Subtract any amount indicated in the "RETRO PROCESSING" field on the #ED2 Screen and any additional principal payment applied after the Cutoff Date, identified by either (1) subtracting the recalculated accrued interest ("Interest Rate" field on the #CSS Screen multiplied by the number of days from the start of the "CYCLE DATE" on the #CSS Screen to the day before the date of the first Payment under the "PAYMENT" field on the #CSS Screen or the #CDS Screen, multiplied by the "ACCOUNT BALANCE" column on the #CSS Screen) from the first Payment made under the "PAYMENT" field on the #CSS Screen or the #CDS Screen; and, |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Subtract any principal paid amount in the "PRINCIPAL PAID" field from the Amortized Payment History Schedule after the last transaction date reflected in the #CSS Screen but before the Cutoff Date. |
| Remaining Term | Recompute as follows: |
|  | (i) Subtract the Cutoff Date from either (1) the date one month after the "MATURITY DT" field on the #EDH Screen, or (2) the date indicated in the notation of status change on the #CIS Screen and |
|  | (ii) Divide the result by the average number of days in a month (i.e., 30.4375, based on 365.25 days in a year). |
|  | If the Cutoff Date was later than the "DUE DATE" field on the #EDH Screen, subtract one month from (ii). |

---

------

Exhibit B – Instructions

---

| | |
|:---|:---|
| **Attribute** | **Instructions** |

---

---

| | |
|:---|:---|
| School Type | School Type is considered to be "N" (Not for profit) if the school name in the "School" field in the "Eligibility/Rate Check" section of the Verify Report Page is included in the Title IV Federal School Code List. |
| School Degree | School Degree is considered to be: |
|  | a) The most recent, highest completed degree, in the "Educations" section of the Verify Report Page; |
|  | b) "Masters" or "MD" if the "Educations" section of the Verify Report Page or the "Underwritten Education Degree" field in the Application Underwriting Snapshot Page indicates "medical_other" or "DO," respectively; |
|  | c) "NonGrad" if the "Educations" section of the Verify Report Page or the "Underwritten Education Degree" field in the Application Underwriting Snapshot Page indicates "incomplete_grads;" or |
|  | d) "High School" if (i) the school name in the "underwritten_education_ degree" field in the Data File is a high school and (ii) the "is_parent_plus" field in the Data File indicates "Yes." |
| Repayment Status | Repayment Status is considered to be : |
|  | a) "Repayment" if the "CURR LOAN PHASE" field on the #EDH Screen is other than "DMIP" or "F\*\*\*," and the Repayment Type in the "MISC FIELD 2" field on the #BS3 Screen was either "F0025," "FX025," "SOIOP," "PPIOP," or blank; |
|  | b) "Repayment" if the "CURR LOAN PHASE" field on the #EDH Screen indicated "SSFP," "SS\*\*," or "FORP;" or, |
|  | c) "Forbearance" if the "CURR LOAN PHASE" field on the #EDH Screen indicated "SSF\*". |
|  | d) Otherwise, compare to the status contained in the "CURR LOAN PHASE" field on the #EDH Screen. |
|  | For the Selected Student Loans with Repayment Status changed after the Cutoff Date, compare to the status contained in the "ORIG STMT STATUS" field on the #ED2 Screen corresponding to the immediate prior cycle date |
| Remaining Amortizing Term | Recompute as follows (Instructions are listed in order of priority until the attribute was agreed): |
|  | a) If the "RPMT_OPT_CD" field in the Data File is "full_principal_and_interest", calculate the Remaining Amortizing Term as the difference between the "MATURITY DATE" field on the #EDH Screen and the Cutoff Date. Divide the result by the average number of days in a month (i.e., 30.4375, based on 365.25 days in a year) and round up to the nearest whole number. |

---

------

Exhibit B – Instructions

---

| | |
|:---|:---|
| **Attribute** | **Instructions** |

---

---

| | |
|:---|:---|
|  | b) If the "RPMT_OPT_CD" field in the Data File is not "full_principal_and_interest", consider the "BORROWER_STATUS" field in the Data File and recompute as follows: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the "BORROWER_STATUS" field in the Data File is equal to "repayment", recompute using step a) above. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If the "BORROWER_STATUS" field in the Data File is equal to "school" or "grace", calculate the Remaining Amortizing Term as the difference between the "RPMT BEGIN DT" field on the #EDH Screen and the "MATURITY DATE" field on the #EDH Screen. Divide the result by the average number of days in a month (i.e., 30.4375, based on 365.25 days in a year) and round up to the nearest whole number. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. If the "BORROWER_STATUS" field in the Data File is equal to "deferment" or "forbearance", calculate the Remaining Amortizing Term as the difference between the "RPMT BEGIN DT" field on the #EDH Screen and the next cycle date after the "MATURITY DATE" field on the #EDH Screen. Divide the result by the average number of days in a month (i.e., 30.4375, based on 365.25 days in a year) and round up to the nearest whole number. |
|  | c) Compare the Remaining Amortizing Term to the "rpmt_prin_int_rmng_term_cnt" column in Remaining Amortizing Term Supplemental File |
| Days Past Due | Recompute Days Past Due as the sum of: |
|  | a) If there was a payment posted in the "PAYMENT" field during the cycle date encompassing the Cutoff Date on the #CSS Screen, 0 |
|  | b) With any cycle after the latest payment posted, the difference between the Cutoff Date and the last "CYCLE DATE" on the #CSS Screen where a payment was posted. |
| Interim Status End Date | Interim Status End Date is considered to be (Instructions are listed in order of priority until the attribute was agreed): |
|  | a) If the "CURR LOAN STAT" field on the #EDH Screen is "RPMT" or begins with "SS", then 0. |
|  | b) If the "CURR LOAN STAT" field on the #EDH Screen is "SCHL" or "GRCE," then "CYCLE DATE" on the #CSS Screen after the date in "RPMT BEGIN DT" field on the #EDH Screen. |
|  | c) If the "CURR LOAN STAT" field on the #EDH Screen begins with "D" or "F", then the second date listed in "RULS MIN PAY" field on the #NPO Screen. |

---

------

#### <br>

---

| | |
|:---|:---|
| **Attribute** | **Instructions** |

---

---

| | |
|:---|:---|
| Contractual Interest Rate | Compare or recompute Contractual Interest Rate as follows: |
|  | a) If the "AUTO-PAY STRT DT" field on the #NM AF Screen is before the Cutoff Date, add the Autopay Discount in the "DDD_RATE" field within the "DDDBenefit" tab on #HDI Screen to the "INT RT" column on #EDH Screen; or |
|  | b) Compare to the "INT RT" column on #EDH Screen |
| Cosigner Flag | Consider the Cosigner Flag as follows: |
|  | a) If the SECONDARY SSN#" field on #NM CR Screen is not equal to 0, "Y". |
|  | b) Otherwise, "N" |
| Short Term Interest Only Forbearance | Consider the Short Term Interest Only Forbearance as follows: |
|  | a) If the "CURR LOAN STAT" column on #EDH Screen is equal to "SSFP", "Y". |
|  | b) Otherwise, "N". |
| Term Extension | Consider the Term Extension as follows: |
|  | a) If there is a value of "Y" or "E: to the right of "#2" field and on the left of "#3: field, "Y" |
|  | b) Otherwise, "N" |
| Loan Mod | Consider the Loan Mod as follows: |
|  | a) If there a code begins with "SCRR" under the "INTEREST RT" field with value "(CP IC ID)", "Y" |
|  | b) Otherwise, "N" |
| Title IV School | Instructions are listed in order of priority until the attribute was agreed: |
|  | a) Compare the school name under the "underwritten_school_name" field in the Data File to the corresponding information on the Title IV Federal School Code List. If the school name is present, Title IV School is deemed to be "True"; |
|  | b) Compare the U.S. Department of Education's Office of Postsecondary Education (OPE) code under the "underwritten_education_opeid" field in the Data File to the "School Code" field in the Title IV Federal School Code List. If the OPE Code is present, Title IV School is deemed to be "True"; |
|  | c) Observe whether the school name under the "underwritten_school_name" field in the Data File appeared in the "Institution_Name" field in the Accredited Programs List. If the school name is present, Title IV School is deemed to be, "True"; |

---

------

Exhibit B – Instructions

---

| | |
|:---|:---|
| **Attribute** | **Instructions** |

---

---

| |
|:---|
| d) Observe whether the school name under the "underwritten_school_name" field in the Data File appears in the "Educations" section of the Verify Report Page or "Underwritten Education School Name" field in the Application Underwriting Snapshot Page for the Selected Student Loans. If the school name is present, Title IV School is deemed to be "True"; |
| e) Otherwise, "False" |
| In the event the school name in the "underwritten_school_name" field in the Data File indicates the school is a satellite campus, but the Title IV Federal School Code List or the Accredited Programs List designation is not available at the satellite campus level, compare the name of the college or university to which the satellite campus relates to the Title IV Federal School Code List or the Accredited Programs List. |

---

------

#### Exhibit C – Exceptions

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Selected Student**<br> **<u>Loan Number</u>** | **Student Loan** <br> **<u>Number</u>\*** | **<u>Attribute</u>** | **Per<br> <u>Data File</u>** | **Per<br> <u>Loan Files</u>** |
| 135 | 2025A135 | School Name | Vermont State <br> University - <br> Johnson <br> Campus | Rice University - <br> Jones Grad <br> School of <br> Business |
| 334 | 2025A334 | Education Major | N/A | Informatics |
| 338 | 2025A338 | Education Major | N/A | Civil Engineering |
| 353 | 2025A353 | Education Major | N/A | Humanities |

---

(\*) The Company has assigned a unique Student Loan Number to each student loan in the Data File. The Student Loan Numbers referred to in this Exhibit are not the actual Student Loan Numbers. <br>