8-K

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): December 15, 2002

SLM EDUCATION CREDIT FUNDING LLC
(Exact name of registrant as specified in its charter)
Originator of

the Sallie Mae Student Loan Trust 1995-1,
the Sallie Mae Student Loan Trust 1996-1,
the SLM Student Loan Trust 1996-2,
the SLM Student Loan Trust 1996-3,
the SLM Student Loan Trust 1996-4,
the SLM Student Loan Trust 1997-1,
the SLM Student Loan Trust 1997-2,
the SLM Student Loan Trust 1997-3,
the SLM Student Loan Trust 1997-4,
the SLM Student Loan Trust 1998-1,
the SLM Student Loan Trust 1998-2,
the SLM Student Loan Trust 1999-1,
the SLM Student Loan Trust 1999-2,
the SLM Student Loan Trust 1999-3,
the SLM Student Loan Trust 2000-1, the SLM Student Loan Trust 2000-2,
the SLM Student Loan Trust 2000-3,
the SLM Student Loan Trust 2000-4,
the SLM Student Loan Trust 2001-1,
the SLM Student Loan Trust 2001-2,
the SLM Student Loan Trust 2001-3,
the SLM Student Loan Trust 2001-4,
the SLM Student Loan Trust 2002-1,
the SLM Student Loan Trust 2002-2,
the SLM Student Loan Trust 2002-3,
the SLM Student Loan Trust 2002-4,
the SLM Student Loan Trust 2002-5,
the SLM Student Loan Trust 2002-6, and
the SLM Student Loan Trust 2002-7.

Delaware	33-95474/333-2502/333-24949/333-30392/333-44465/333-68660/333-97247	23-2815650
(State or other Jurisdiction of Incorporation)	(Commission File Numbers)	(I.R.S. employer Identification No.)

304 South Minnesota Street
Suite B
Carson City, Nevada 89706

(Address of principal executive offices)

Registrant's telephone number, including area code: (775) 884-4179

Page 1 of 3
Exhibit Index appears on Page 3

Item 5. OTHER EVENTS

        On December 15, 2002,

•

the SLM Private Credit Student Loan Trust 2002-4 made its first:

regular quarterly distribution of funds to holders of their respective Floating Rate Student Loan-Backed Notes. Each trust also distributed its respective Quarterly Servicing Reports dated as of December 15, 2002, to its Certificateholders, where applicable, and Noteholders of record.

        The Registrant is filing the Quarterly Servicing Reports reflecting each Trust's activities for the period ended December 15, 2002 as an Exhbit to this Form 8-K.

Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS

        (c) Exhibits

        19.1    Quarterly Servicing Reports

SIGNATURES

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

Dated: December 17, 2002

SLM EDUCATION CREDIT FUNDING LLC
By:	/s/  J. LANCE FRANKE Name: J. Lance Franke Title: Chief Financial Officer

Page 2 of 3
Exhibit Index appears on Page 3

INDEX TO EXHIBIT

Exhibit Number	Exhibit	Sequentially Numbered Page
19.1	Quarterly Servicing Reports.	3

Page 3 of 3
Exhibit Index appears on Page 3

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SIGNATURES
INDEX TO EXHIBIT

EX-19.1

SLM Private Credit Student Loan Trust 2002-A

Quarterly Servicing Report
Report Date:	11/30/2002	Reporting Period:    8/26/02-11/30/02

I.    Deal Parameters

	Student Loan Portfolio Characteristics		8/26/2002			Activity		11/30/2002
A	i	Portfolio Balance	$	663,415,806.01		$	5,847,076.22	$	669,262,882.23
	ii	Interest to be Capitalized		26,918,580.10					21,024,060.14
	iii	Total Pool	$	690,334,386.11				$	690,286,942.37
	iv	Cash Capitalization Account (CI)		40,178,192.00					40,178,192.00
	v	Asset Balance	$	730,512,578.11				$	730,465,134.37
	i	Weighted Average Coupon (WAC)		5.518	%				5.529	%
	ii	Weighted Average Remaining Term		187.49					168.72
	iii	Number of Loans		70,975					70,590
	iv	Number of Borrowers		48,548					48,278
	vi	Prime Loans Outstanding	$	592,779,809				$	594,423,332
	vii	T-bill Loans Outstanding	$	95,902,922				$	94,277,753
	viii	Fixed Loans Outstanding	$	1,651,655				$	1,585,858

	Notes		Cusips	Spread		Balance 10/17/02		% of O/S Securities		Balance 12/16/02		% of O/S Securities
B	i	A-1 Notes	78443CAA2	0.150	%	$	340,000,000.00	46.777	%	$	328,994,882.81	45.958	%
	ii	A-2 Notes	78443CAB0	0.550	%		328,419,000.00	45.183	%		328,419,000.00	45.878	%
	iii	B Notes	78443CAC8	0.850	%		23,742,000.00	3.266	%		23,742,000.00	3.317	%
	iv	C Notes	78443CAD6	1.700	%		34,699,000.00	4.774	%		34,699,000.00	4.847	%
	v	Total Notes				$	726,860,000.00	100.000	%	$	715,854,882.81	100.000	%

			10/17/2002		12/16/2002
C	i	Reserve Account Balance ($)	$	1,725,836.00	$	1,725,836.00
	ii	Cash Capitalization Acct Balance ($)	$	40,178,192.00	$	40,178,192.00
	iii	Initial Asset Balance	$	730,512,578.11	$	730,512,578.11
	iv	Specified Overcollateralization Amount	$	14,610,251.56	$	14,610,251.56
	v	Has the Stepdown Date Occurred?*		No		No
	* The Stepdown Date is the earlier of the distribution date following the reduction of the Class A Notes to zero, or September 17, 2007. At the Stepdown Date, principal payments made on the Class B and Class C Notes may begin to be paid pro-rata with the Class A Notes. See the prospectus for complete information concerning the Stepdown Date.

1

II. 2002-A    Transactions from:    8/27/2002    through:    11/30/2002

A	Student Loan Principal Activity
	i	Principal Payments Received	$	9,045,364.96
	ii	Purchases by Servicer (Delinquencies >180)		45,333.74
	iii	Other Servicer Reimbursements		85.42
	iv	Seller Reimbursements		166,322.44
	v	Total Principal Collections	$	9,257,106.56
B	Student Loan Non-Cash Principal Activity
	i	Realized Losses/Loans Charged Off	$	—
	ii	Capitalized Interest		(13,326,412.85	)
	iii	Capitalized Insurance Fee		(1,706,229.57	)
	iv	Other Adjustments		(71,540.36	)
	v	Total Non-Cash Principal Activity	$	(15,104,182.78	)
C	Total Student Loan Principal Activity		$	(5,847,076.22	)
D	Student Loan Interest Activity
	i	Interest Payments Received	$	3,704,616.78
	ii	Purchases by Servicer (Delinquencies >180)		801.87
	iii	Other Servicer Reimbursements		14.58
	iv	Seller Reimbursements		10,055.09
	v	Late Fees		53,062.07
	vi	Collection Fees		0.00
	vii	Total Interest Collections	$	3,768,550.39
E	Student Loan Non-Cash Interest Activity
	i	Realized Losses/Loans Charged Off	$	—
	ii	Capitalized Interest		13,326,412.85
	iii	Other Interest Adjustments		67,264.86
	iv	Total Non-Cash Interest Adjustments	$	13,393,677.71
F	Total Student Loan Interest Activity		$	17,162,228.10

2

III.    2002-A    Collection Account Activity    8/27/2002    through    11/30/2002

A	Principal Collections
	i	Principal Payments Received	$	9,045,364.96
	ii	Purchases by Servicer (Delinquencies >180)		45,333.74
	iii	Other Servicer Reimbursements		85.42
	iv	Seller Reimbursements		166,322.44
	v	Total Principal Collections	$	9,257,106.56
B	Interest Collections
	i	Interest Payments Received	$	3,704,616.78
	ii	Purchases by Servicer (Delinquencies >180)		801.87
	iii	Other Servicer Reimbursements		14.58
	iv	Seller Reimbursements		10,055.09
	v	Late Fees		53,062.07
	vi	Collection Fees		—
	vii	Total Interest Collections	$	3,768,550.39
C	Recoveries on Realized Losses		$	—
D	Amount from Cash Capitalizaton Account		$	—
E	Funds Borrowed from Next Collection Period		$	1,366,454.36
F	Funds Repaid from Prior Collection Periods		$	—
G	Investment Income
	i	Collection Account	$	6,276.17
	ii	Reserve Account		3,298.37
	iii	Cash Capitalization Account		76,786.78
	iv	Principal Distribution Account		—
	v	Administrator Account		9,734.11
	vi	Total Investment Income	$	96,095.43
H	Borrower Incentive Reimbursements		$	—
I	Gross Swap Receipt		$	1,786,005.85
	TOTAL FUNDS RECEIVED		$	16,274,212.59
	LESS FUNDS PREVIOUSLY REMITTED:
		Servicing Fees	$	(186,518.70	)
J	TOTAL AVAILABLE FUNDS		$	16,087,693.89
K	Servicing Fees Due for Current Period		$	390,403.35
	Less:	Servicing ADJ [A iv + B iv]	$	(100.00	)
L	Carryover Servicing Fees Due		$	—
M	Administration Fees Due		$	20,000.00
N	Total Fees Due for Period		$	410,303.35

3

IV.    2002-A    Loss and Recovery Detail    11/30/2002

A	i	Cumulative Realized Losses Test	% of Pool		8/26/2002		11/30/2002
		October 15, 2002 to September 15, 2007	15%		$	103,550,157.92	$	103,543,041.36
		December 17, 2007 to September 15, 2010	18%
		December 15, 2010 and thereafter	20%
	ii	Cumulative Realized Losses (Net of Recoveries)			$	0.00	$	0.00
	iii	Is Test Satisfied (ii < i)?		Yes
B	i	Recoveries on Realized Losses This Collection Period
	ii	Principal Cash Recovered During Collection Period			$	0.00	$	0.00
	iii	Interest Cash Recovered During Collection Period			$	0.00	$	0.00
	iv	Late Fees and Collection Costs Recovered During Collection Period			$	0.00	$	0.00
	v	Total Recoveries for Period			$	0.00	$	0.00
C	i	Gross Defaults:
	ii	Cumulative Principal Purchases by Servicer			$	0.00	$	45,333.74
	iii	Cumulative Interest Purchases by Servicer			$	0.00	$	801.87
	iv	Total Gross Defaults:			$	0.00	$	46,135.61

4

V.    2002-A    Portfolio Characteristics

			Weighted Avg Coupon				# of Loans		%*				Principal Amount				%*
STATUS
			8/26/2002		11/30/2002		8/26/2002	11/30/2002	8/26/2002		11/30/2002		8/26/2002		11/30/2002		8/26/2002		11/30/2002
INTERIM:
	In School		5.329	%	5.423	%	9,346	13,804	13.168	%	19.556	%	$	107,767,812.25	$	137,602,649.53	16.244	%	20.560	%
	Grace		5.488	%	5.514	%	31,295	10,413	44.093	%	14.751	%	$	284,658,699.30	$	101,010,676.96	42.908	%	15.093	%
TOTAL INTERIM			5.444	%	5.462	%	40,641	24,217	57.261	%	34.307	%	$	392,426,511.55	$	238,613,326.49	59.152	%	35.653	%
REPAYMENT
	Active
		Current	5.648	%	5.506	%	26,033	35,943	36.679	%	50.918	%	$	226,205,884.60	$	335,383,699.83	34.097	%	50.113	%
		31-60 Days Delinquent	5.957	%	6.459	%	1,919	730	2.704	%	1.034	%	$	15,493,094.41	$	6,239,071.55	2.335	%	0.932	%
		61-90 Days Delinquent	0.000	%	6.442	%	—	362	0.000	%	0.513	%	$	—	$	2,773,359.47	0.000	%	0.414	%
		91-120 Days Delinquent	0.000	%	6.278	%	—	233	0.000	%	0.330	%	$	—	$	1,994,958.40	0.000	%	0.298	%
		121-150 Days Delinquent	0.000	%	6.575	%	—	250	0.000	%	0.354	%	$	—	$	2,051,751.43	0.000	%	0.307	%
		151-180 Days Delinquent	0.000	%	5.835	%	—	17	0.000	%	0.024	%	$	—	$	109,288.90	0.000	%	0.016	%
		> 180 Days Delinquent	0.000	%	0.000	%	—	—	0.000	%	0.000	%	$	—	$	0.00	0.000	%	0.000	%
Deferment			4.697	%	4.631	%	787	1,022	1.109	%	1.448	%	$	10,976,257.46	$	14,003,715.51	1.655	%	2.092	%
Forbearance			5.717	%	5.885	%	1,595	7,816	2.247	%	11.072	%	$	18,314,057.99	$	68,093,710.65	2.761	%	10.174	%
TOTAL REPAYMENT			5.631	%	5.566	%	30,334	46,373	42.739	%	65.693	%	$	270,989,294.46	$	430,649,555.74	40.848	%	64.347	%
GRAND TOTAL			5.518	%	5.529	%	70,975	70,590	100.000	%	100.000	%	$	663,415,806.01	$	669,262,882.23	100.000	%	100.000	%

*

Percentages may not total 100% due to rounding

5

VI.    2002-A    Portfolio Characteristics by Program

LOAN TYPE	WAC		# Loans	$ Amount		%
-Signature Loans	5.721	%	41,437	$	335,180,346.88	50.082	%
-Law Loans	5.705	%	13,382		132,312,665.55	19.770	%
-Med Loans	4.950	%	8,998		99,652,107.70	14.890	%
-MBA Loans	5.220	%	6,773		102,117,762.10	15.258	%
-Total	5.527	%	70,590	$	669,262,882.23	100.000	%

6

VII.    2002-A    Swap

A	Swap Payments
					Swap Calculation
	i	Notional Swap Amount — Aggregate Prime Loans Outstanding				592,779,809
	Counterparty Pays:
	ii	3 Month Libor				1.80776%
	iii	Gross Swap Receipt Due Trust			$	1,786,005.85
	iv	Days in Period	10/17/2002	12/16/2002		60
	SLM Private Credit Trust Pays:
	v	Prime Rate (WSJ) Less	2.7000%			2.05000%
	vi	Gross Swap Payment Due Counterparty			$	1,964,293.64
	vii	Days in Period	10/17/2002	12/15/2002		59

VIII.    2002-A    Accrued Interest Factors

		Accrued Int Factor	Accrual Period	Rate
A	Class A-1 Interest Rate	0.003262933	(10/17/02-12/16/02)	1.95776	%
B	Class A-2 Interest Rate	0.003929600	(10/17/02-12/16/02)	2.35776	%
C	Class B Interest Rate	0.004429600	(10/17/02-12/16/02)	2.65776	%
D	Class C Interest Rate	0.005846267	(10/17/02-12/16/02)	3.50776	%

7

IX.    2002-A    Inputs From Prior Data    8/26/02

A	Total Student Loan Pool Outstanding
	i	Portfolio Balance	$	663,415,806.01
	ii	Interest To Be Capitalized		26,918,580.10
	iii	Total Pool	$	690,334,386.11
	iv	Cash Capitalization Account (CI)		40,178,192.00
	v	Asset Balance	$	730,512,578.11
B	Total Note and Certificate Factor			1.00000000000
C	Total Note Balance		$	726,860,000.00

D	Note Balance        10/17/2002		Class A-1		Class A-2		Class B		Class C
	i	Current Factor		1.0000000000		1.0000000000		1.0000000000		1.0000000000
	ii	Expected Note Balance	$	340,000,000.00	$	328,419,000.00	$	23,742,000.00	$	34,699,000.00
F	Interest Shortfall		$	0.00	$	0.00	$	0.00	$	0.00
G	Interest Carryover		$	0.00	$	0.00	$	0.00	$	0.00
H	Unpaid Primary Servicing Fees from Prior Month(s)				$	0.00
I	Unpaid Administration fees from Prior Quarter(s)				$	0.00
J	Unpaid Carryover Servicing Fees from Prior Quarter(s)				$	0.00

8

X.    2002-A Note Parity Triggers

		Class A		Class B		Class C
Notes Outstanding	10/17/02	$	668,419,000	$	692,161,000	$	726,860,000
Asset Balance	8/26/02	$	730,512,578	$	730,512,578	$	730,512,578
Pool Balance	11/30/02	$	690,286,942	$	690,286,942	$	690,286,942
Amounts on Deposit*	12/16/02		51,491,336		51,386,169		51,183,309
Total		$	741,778,279	$	741,673,111	$	741,470,252
Are the Notes in Excess of the Asset Balance?			No		No		No
Are the Notes in Excess of the Pool + Amounts on Deposit?			No		No		No
Are the Notes Parity Triggers in Effect?			No		No		No
Class A Enhancement		$	62,093,578.11
Specified Class A Enhancement		$	109,569,770.16		The greater of 15% of the Asset Balance or the Specified Overcollateralization Amount
Class B Enhancement		$	38,351,578.11
Specified Class B Enhancement		$	73,959,594.85		The greater of 10.125% of the Asset Balance or the Specified Overcollateralization Amount
Class C Enhancement		$	3,652,578.11
Specified Class C Enhancement		$	21,913,954.03		The greater of 3% of the Asset Balance or the Specified Overcollateralization Amount

*

Amounts on Deposit in Trust Accounts for the Collection Period after Payment of Section XII Items B through E for the Class A, B through G for the Class B and B through I for the Class C

9

XI.    2002-A    Principal Distribution Calculations

Priority Principal Payments (If Note Parity Triggers are not in effect, go to Regular Principal Distribution below):
i	Is the Class A Note Parity Trigger in Effect?			No
ii	Aggregate A Notes Outstanding	10/17/2002	$	668,419,000.00
iii	Asset Balance	11/30/2002	$	730,465,134.37
iv	First Priority Principal Distribution Amount	12/16/2002	$	— —
v	Is the Class B Note Parity Trigger in Effect?			No
vi	Aggregate A and B Notes Outstanding	10/17/2002	$	692,161,000.00
vii	Asset Balance	11/30/2002	$	730,465,134.37
viii	First Priority Principal Distribution Amount	12/16/2002	$	—
ix	Second Priority Principal Distribution Amount	12/16/2002	$	— —
x	Is the Class C Note Parity Trigger in Effect?			No
xi	Aggregate A, B and C Notes Outstanding	10/17/2002	$	726,860,000.00
xii	Asset Balance	11/30/2002	$	730,465,134.37
xiii	First Priority Principal Distribution Amount	12/16/2002	$	—
xiv	Second Priority Principal Distribution Amount	12/16/2002	$	—
xv	Third Priority Principal Distribution Amount	12/16/2002	$	— —
Regular Principal Distribution
i	Aggregate Notes Outstanding	10/17/2002	$	726,860,000.00
ii	Asset Balance	11/30/2002	$	730,465,134.37
iii	Specified Overcollateralization Amount	12/16/2002	$	14,610,251.56
iv	First Priority Principal Distribution Amount	12/16/2002	$	—
v	Second Priority Principal Distribution Amount	12/16/2002	$	—
vi	Third Priority Principal Distribution Amount	12/16/2002	$	—
vii	Regular Principal Distribution Amount		$	11,005,117.19
Class A Noteholders' Principal Distribution Amounts
i	Has the Stepdown Date Occurred?			No
ii	Asset Balance	11/30/2002	$	730,465,134.37
iii	85% of Asset Balance	11/30/2002	$	620,895,364.21
iv	Specified Overcollateralization Amount	12/16/2002	$	14,610,251.56
v	Lesser of (iii) and (ii — iv)		$	620,895,364.21
vi	Class A Noteholders' Principal Distribution Amt — Before the Stepdown Date		$	11,005,117.19
vii	Class A Noteholders' Principal Distribution Amt — After the Stepdown Date		$	—
Class B Noteholders' Principal Distribution Amounts
i	Has the Stepdown Date Occurred?			No
ii	Asset Balance	11/30/2002	$	730,465,134.37
iii	89.875% of Asset Balance	11/30/2002	$	656,505,539.52
iv	Specified Overcollateralization Amount	12/16/2002	$	14,610,251.56
v	Lesser of (iii) and (ii — iv)		$	656,505,539.52
vi	Class B Noteholders' Principal Distribution Amt — Before the Stepdown Date		$	—
vii	Class B Noteholders' Principal Distribution Amt — After the Stepdown Date		$	—
Class C Noteholders' Principal Distribution Amounts
i	Has the Stepdown Date Occurred?			No
ii	Asset Balance	11/30/2002	$	730,465,134.37
iii	97% of Asset Balance	11/30/2002	$	708,551,180.34
iv	Specified Overcollateralization Amount	12/16/2002	$	14,610,251.56
v	Lesser of (iii) and (ii — iv)		$	708,551,180.34
vi	Class C Noteholders' Principal Distribution Amt — Before the Stepdown Date		$	—
vii	Class C Noteholders' Principal Distribution Amt — After the Stepdown Date		$	—

10

XII.    2002-A    Waterfall for Distributions

					Remaining Funds Balance
A	Total Available Funds (Sections III-F + VI-D +VI-G-v + X-G-vii)		$	16,087,693.89	$	16,087,693.89
B	Primary Servicing Fees-Current Month plus any Unpaid		$	390,303.35	$	15,697,390.54
C	Quarterly Administration Fee plus any Unpaid		$	20,000.00	$	15,677,390.54
D	Gross Swap Payment		$	1,964,293.64	$	13,713,096.90
E	i	Class A-1 Noteholders' Interest Distribution Amount	$	1,109,397.22	$	12,603,699.68
	ii	Class A-2 Noteholders' Interest Distribution Amount	$	1,290,555.30	$	11,313,144.37
F	First Priority Principal Distribution Amount — Principal Distribution Account		$	0.00	$	11,313,144.37
G	Class B Noteholders' Interest Distribuition Amount		$	105,167.56	$	11,207,976.81
H	Second Priority Principal Distribution Amount — Principal Distribution Account		$	0.00	$	11,207,976.81
I	Class C Noteholders' Interest Distribuition Amount		$	202,859.62	$	11,005,117.19
J	Third Priority Principal Distribution Amount — Principal Distribution Account		$	0.00	$	11,005,117.19
K	Increase to the Specified Reserve Account Balance		$	0.00	$	11,005,117.19
L	Regular Principal Distribution Amount — Principal Distribution Account		$	11,005,117.19	$	0.00
M	Carryover Servicing Fees		$	0.00	$	0.00
N	Swap Termination Payments		$	—	$	0.00
O	Additional Principal Distribution Amount — Principal Distribution Account		$	0.00	$	0.00
P	Remaining Funds to the Certificateholders		$	0.00	$	0.00

11

XIII.    2002-A    Principal Distribution Account Allocations

					Remaining Funds Balance
A	Total from Collection Account		$	11,005,117.19	$	11,005,117.19
B	i	Class A-1 Principal Distribution Amount Paid	$	11,005,117.19	$	0.00
	ii	Class A-2 Principal Distribution Amount Paid	$	0.00	$	0.00
C	Class B Principal Distribution Amount Paid		$	0.00	$	0.00
D	Class C Principal Distribution Amount Paid		$	0.00	$	0.00
E	Remaining Class C Distribution Paid		$	0.00	$	0.00
F	Remaining Class B Distribution Paid		$	0.00	$	0.00
G	i	Remaining Class A-1 Distribution Paid	$	0.00	$	0.00
	ii	Remaining Class A-2 Distribution Paid	$	0.00	$	0.00

12

XIV.    2002-A    Distributions

A	Distribution Amounts		Class A-1		Class A-2		Class B		Class C
	i	Quarterly Interest Due	$	1,109,397.22	$	1,290,555.30	$	105,167.56	$	202,859.62
	ii	Quarterly Interest Paid		1,109,397.22		1,290,555.30		105,167.56		202,859.62
	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 Distribution Amount	$	11,005,117.19	$	0.00	$	0.00	$	0.00
	viii	Quarterly Principal Paid		11,005,117.19		0.00		0.00		0.00
	ix	Difference	$	0.00	$	0.00	$	0.00	$	0.00
	x	Total Distribution Amount	$	12,114,514.41	$	1,290,555.30	$	105,167.56	$	202,859.62

B	Note Balances			10/17/2002		Paydown Factors	12/16/2002
	i	A-1 Note Balance	78443CAA2	$	340,000,000.00		$	328,994,882.81
		A-1 Note Pool Factor			1.0000000000	0.0323679917		0.9676320083
	ii	A-2 Note Balance	78443CAB0	$	328,419,000.00		$	328,419,000.00
		A-2 Note Pool Factor			1.0000000000	0.0000000000		1.0000000000
	iii	B Note Balance	78443CAC8	$	23,742,000.00		$	23,742,000.00
		B Note Pool Factor			1.0000000000	0.0000000000		1.0000000000
	iv	C Note Balance	78443CAD6	$	34,699,000.00		$	34,699,000.00
		C Note Pool Factor			1.0000000000	0.0000000000		1.0000000000

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XV.    2002-A    Historical Pool Information

			8/26/02-11/30/02
Beginning Student Loan Portfolio Balance			$	663,415,806.01
	Student Loan Principal Activity
i		Principal Payments Received	$	9,045,364.96
ii		Purchases by Servicer (Delinquencies >180)		45,333.74
iii		Other Servicer Reimbursements		85.42
iv		Seller Reimbursements		166,322.44
v		Total Principal Collections	$	9,257,106.56
	Student Loan Non-Cash Principal Activity
i		Realized Losses/Loans Charged Off	$	—
ii		Capitalized Interest		(13,326,412.85	)
iii		Capitalized Insurance Fee	($	1,706,229.57	)
iv		Other Adjustments		(71,540.36	)
v		Total Non-Cash Principal Activity	$	(15,104,182.78	)
(-) Total Student Loan Principal Activity			$	(5,847,076.22	)
	Student Loan Interest Activity
i		Interest Payments Received	$	3,704,616.78
ii		Repurchases by Servicer (Delinquencies >180)		801.87
iii		Other Servicer Reimbursements		14.58
iv		Seller Reimbursements		10,055.09
v		Late Fees		53,062.07
vi		Collection Fees		—
viii		Total Interest Collections		3,768,550.39
	Student Loan Non-Cash Interest Activity
i		Realized Losses/Loans Charged Off	$	—
ii		Capitalized Interest		13,326,412.85
iii		Other Interest Adjustments		67,264.86
iv		Total Non-Cash Interest Adjustments	$	13,393,677.71
v		Total Student Loan Interest Activity	$	17,162,228.10
(=) Ending Student Loan Portfolio Balance			$	669,262,882.23
(+) Interest to be Capitalized			$	21,024,060.14
(=) TOTAL POOL			$	690,286,942.37
(+) Cash Capitalization Account Balance (CI)			$	40,178,192.00
(=) Asset Balance			$	730,465,134.37

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XVI.    2002-A    Payment History and CPRs

Distribution Date	Actual Pool Balances	Since Issued CPR *
Dec-02	$690,286,942	2.47%

*

"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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