DELAWARE
|
333-104887/
333-1049887-09
|
04-3480392
|
(State or other jurisdiction
|
(Commission File Numbers)
|
(I.R.S. Employer
|
of formation)
|
Identification Number)
|
|
c/o Deutsche Bank Trust Company Americas
60 Wall Street, 16th Floor
Mail Stop NYC60-1625
New York, New York 10005
|
||
(Address of principal executive offices)
|
Title of each class
|
Trading
symbol(s)
|
Name of each exchange on which registered
|
Not Applicable
|
Not Applicable
|
Not Applicable
|
(a)
|
Not applicable
|
|
(b)
|
Not applicable
|
|
(c)
|
|
Not applicable
|
(d)
|
Exhibits
|
|
Tables showing SLM Student Loan Trust 2004-10 Pool Information as of May 31, 2022.
|
SLM STUDENT LOAN TRUST 2004-10 | |||
By: NAVIENT SOLUTIONS, LLC, in its capacity as administrator of the Trust | |||
Date: July 13, 2022
|
By:
|
/s/ C. Scott Booher | |
Name: | C. Scott Booher | ||
Title: | Vice President |
Exhibit
Number
|
|
Description
|
|
|
|
|
Tables Showing SLM Student Loan Trust 2004-10 Pool Information as of May 31, 2022.
|
•
|
was a consolidation loan guaranteed as to principal and interest by a guaranty agency under a guarantee agreement and the guaranty agency was, in turn, reinsured by the Department of
Education in accordance with the FFELP;
|
•
|
contained terms in accordance with those required by the FFELP, the guarantee agreements and other applicable requirements;
|
•
|
was fully disbursed;
|
•
|
was not more than 210 days past due;
|
•
|
did not have a borrower who was noted in the related records of the servicer as being currently involved in a bankruptcy proceeding; and
|
•
|
had special allowance payments, if any, based on the three-month commercial paper rate or the 91-day Treasury bill rate.
|
Aggregate Outstanding Principal Balance
|
$
|
821,084,314
|
||
Aggregate Outstanding Principal Balance – Treasury Bill
|
$
|
14,732,865
|
||
Percentage of Aggregate Outstanding Principal Balance –Treasury Bill
|
5.08
|
%
|
||
Aggregate Outstanding Principal Balance – One-Month LIBOR
|
$
|
721,106,574
|
||
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR
|
87.82
|
%
|
||
Aggregate Outstanding Principal Balance – Treasury Bill Other
|
$
|
58,244875
|
||
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill Other
|
7.09
|
%
|
||
Number of Borrowers
|
25,498
|
|||
Average Outstanding Principal Balance Per Borrower
|
$
|
32,202
|
||
Number of Loans
|
46,592
|
|||
Average Outstanding Principal Balance Per Loan – Treasury Bill
|
$
|
40,400
|
||
Average Outstanding Principal Balance Per Loan – One-Month LIBOR
|
$
|
16,296
|
||
Average Outstanding Principal Balance Per Loan – Treasury Bill Other
|
$
|
44,530
|
||
Weighted Average Remaining Term to Scheduled Maturity
|
174 months
|
|||
Weighted Average Annual Interest Rate
|
4.43
|
%
|
Interest Rates
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Less than or equal to 3.00%
|
9,770
|
$
|
126,299,264
|
15.4
|
%
|
|||||||
3.01% to 3.50%
|
13,470
|
203,130,644
|
24.7
|
|||||||||
3.51% to 4.00%
|
8,609
|
133,837,870
|
16.3
|
|||||||||
4.01% to 4.50%
|
8,409
|
137,431,372
|
16.7
|
|||||||||
4.51% to 5.00%
|
1,807
|
40,653,945
|
5.0
|
|||||||||
5.01% to 5.50%
|
781
|
19,310,176
|
2.4
|
|||||||||
5.51% to 6.00%
|
522
|
13,878,399
|
1.7
|
|||||||||
6.01% to 6.50%
|
493
|
17,117,252
|
2.1
|
|||||||||
6.51% to 7.00%
|
740
|
22,730,048
|
2.8
|
|||||||||
7.01% to 7.50%
|
326
|
12,002,515
|
1.5
|
|||||||||
7.51% to 8.00%
|
625
|
25,577,012
|
3.1
|
|||||||||
8.01% to 8.50%
|
660
|
45,909,754
|
5.6
|
|||||||||
Equal to or greater than 8.51%
|
380
|
23,206,064
|
2.8
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
Range of Outstanding
Principal Balance
|
Number of Borrowers
|
Aggregate Outstanding Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Less than $5,000.00
|
5,573
|
$
|
14,080,513
|
1.7
|
%
|
|||||||
$ 5,000.00-$ 9,999.99
|
3,888
|
28,461,019
|
3.5
|
|||||||||
$10,000.00-$14,999.99
|
2,821
|
35,108,857
|
4.3
|
|||||||||
$15,000.00-$19,999.99
|
2,215
|
38,581,201
|
4.7
|
|||||||||
$20,000.00-$24,999.99
|
1,730
|
38,726,653
|
4.7
|
|||||||||
$25,000.00-$29,999.99
|
1,444
|
39,636,175
|
4.8
|
|||||||||
$30,000.00-$34,999.99
|
1,068
|
34,687,639
|
4.2
|
|||||||||
$35,000.00-$39,999.99
|
907
|
33,979,566
|
4.1
|
|||||||||
$40,000.00-$44,999.99
|
766
|
32,510,151
|
4.0
|
|||||||||
$45,000.00-$49,999.99
|
670
|
31,738,003
|
3.9
|
|||||||||
$50,000.00-$54,999.99
|
507
|
26,633,831
|
3.2
|
|||||||||
$55,000.00-$59,999.99
|
436
|
25,089,991
|
3.1
|
|||||||||
$60,000.00-$64,999.99
|
371
|
23,185,623
|
2.8
|
|||||||||
$65,000.00-$69,999.99
|
310
|
20,874,487
|
2.5
|
|||||||||
$70,000.00-$74,999.99
|
261
|
18,913,163
|
2.3
|
|||||||||
$75,000.00-$79,999.99
|
231
|
17,850,543
|
2.2
|
|||||||||
$80,000.00-$84,999.99
|
205
|
16,867,996
|
2.1
|
|||||||||
$85,000.00-$89,999.99
|
193
|
16,877,198
|
2.1
|
|||||||||
$90,000.00-$94,999.99
|
185
|
17,130,006
|
2.1
|
|||||||||
$95,000.00-$99,999.99
|
148
|
14,441,744
|
1.8
|
|||||||||
$100,000.00 and above
|
1,569
|
295,709,953
|
36.0
|
|||||||||
Total
|
25,498
|
$
|
821,084,314
|
100.0
|
%
|
Number of Days Delinquent
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
0-30 days
|
43,899
|
$
|
752,506,769
|
91.6
|
%
|
|||||||
31-60 days
|
921
|
21,559,680
|
2.6
|
|||||||||
61-90 days
|
618
|
15,743,126
|
1.9
|
|||||||||
91-120 days
|
247
|
6,322,611
|
0.8
|
|||||||||
121-150 days
|
232
|
6,024,192
|
0.7
|
|||||||||
151-180 days
|
197
|
6,026,506
|
0.7
|
|||||||||
181-210 days
|
116
|
3,778,957
|
0.5
|
|||||||||
Greater than 210 days
|
362
|
9,122,474
|
1.1
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
Number of Months
Remaining to
Scheduled Maturity
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
0 to 3
|
148
|
$
|
46,881
|
*
|
||||||||
4 to 12
|
593
|
408,840
|
*
|
|||||||||
13 to 24
|
1,028
|
1,931,306
|
0.2
|
%
|
||||||||
25 to 36
|
6,109
|
11,948,999
|
1.5
|
|||||||||
37 to 48
|
2,872
|
10,418,756
|
1.3
|
|||||||||
49 to 60
|
2,264
|
10,920,370
|
1.3
|
|||||||||
61 to 72
|
1,834
|
11,660,957
|
1.4
|
|||||||||
73 to 84
|
1,607
|
12,190,654
|
1.5
|
|||||||||
85 to 96
|
4,314
|
34,467,094
|
4.2
|
|||||||||
97 to 108
|
2,213
|
24,049,053
|
2.9
|
|||||||||
109 to 120
|
2,086
|
28,703,102
|
3.5
|
|||||||||
121 to 132
|
3,355
|
63,458,234
|
7.7
|
|||||||||
133 to 144
|
2,856
|
63,670,630
|
7.8
|
|||||||||
145 to 156
|
5,105
|
109,261,057
|
13.3
|
|||||||||
157 to 168
|
2,310
|
66,130,230
|
8.1
|
|||||||||
169 to 180
|
1,695
|
53,246,802
|
6.5
|
|||||||||
181 to 192
|
1,469
|
52,915,976
|
6.4
|
|||||||||
193 to 204
|
949
|
37,778,150
|
4.6
|
|||||||||
205 to 216
|
882
|
37,571,123
|
4.6
|
|||||||||
217 to 228
|
716
|
33,114,621
|
4.0
|
|||||||||
229 to 240
|
505
|
22,876,454
|
2.8
|
|||||||||
241 to 252
|
340
|
17,556,452
|
2.1
|
|||||||||
253 to 264
|
194
|
10,922,959
|
1.3
|
|||||||||
265 to 276
|
192
|
11,090,318
|
1.4
|
|||||||||
277 to 288
|
166
|
10,301,409
|
1.3
|
|||||||||
289 to 300
|
201
|
16,516,482
|
2.0
|
|||||||||
301 to 312
|
340
|
39,685,585
|
4.8
|
|||||||||
313 to 324
|
53
|
4,903,656
|
0.6
|
|||||||||
325 to 336
|
38
|
3,872,421
|
0.5
|
|||||||||
337 to 348
|
28
|
2,249,790
|
0.3
|
|||||||||
349 to 360
|
100
|
12,849,462
|
1.6
|
|||||||||
361 and above
|
30
|
4,366,491
|
0.5
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
|||||||
* Represents a percentage greater than 0% but less than 0.05%.
|
Current Borrower Payment Status
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Deferment
|
1,094
|
$
|
18,553,076
|
2.3
|
%
|
|||||||
Forbearance*
|
2,482
|
73,952,348
|
9.0
|
|||||||||
Repayment
|
||||||||||||
First year in repayment
|
396
|
22,114,662
|
2.7
|
|||||||||
Second year in repayment
|
396
|
13,530,492
|
1.6
|
|||||||||
Third year in repayment
|
519
|
19,197,168
|
2.3
|
|||||||||
More than 3 years in repayment
|
41,705
|
673,736,569
|
82.1
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
|||||||
* Of the trust student loans in forbearance status, approximately 1 loan with an aggregate outstanding principal balance of $5,661, representing 0.001% of the pool by principal, are in the Coronavirus Disaster Forbearance Program.
|
•
|
may have temporarily ceased repaying the loan through a deferment or a forbearance period (this category
includes the Coronavirus Disaster Forbearance Program); or
|
•
|
may be currently required to repay the loan – repayment.
|
Scheduled Months in Status Remaining
|
||||||||||||
Current Borrower Payment Status
|
Deferment
|
Forbearance
|
Repayment
|
|||||||||
Deferment
|
19.9
|
-
|
185.9
|
|||||||||
Forbearance
|
-
|
5.7
|
210.1
|
|||||||||
Repayment
|
-
|
-
|
169.3
|
State
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Alabama
|
399
|
$
|
7,537,879
|
0.9
|
%
|
|||||||
Alaska
|
51
|
667,132
|
0.1
|
|||||||||
Arizona
|
959
|
19,330,476
|
2.4
|
|||||||||
Arkansas
|
278
|
5,162,132
|
0.6
|
|||||||||
California
|
4,984
|
97,794,389
|
11.9
|
|||||||||
Colorado
|
749
|
11,573,618
|
1.4
|
|||||||||
Connecticut
|
676
|
8,951,178
|
1.1
|
|||||||||
Delaware
|
151
|
3,849,806
|
0.5
|
|||||||||
District of Columbia
|
171
|
3,162,825
|
0.4
|
|||||||||
Florida
|
3,573
|
67,370,035
|
8.2
|
|||||||||
Georgia
|
1,404
|
32,342,875
|
3.9
|
|||||||||
Hawaii
|
204
|
3,320,969
|
0.4
|
|||||||||
Idaho
|
176
|
4,101,015
|
0.5
|
|||||||||
Illinois
|
1,820
|
31,136,440
|
3.8
|
|||||||||
Indiana
|
1,280
|
17,897,305
|
2.2
|
|||||||||
Iowa
|
190
|
3,219,846
|
0.4
|
|||||||||
Kansas
|
822
|
10,138,135
|
1.2
|
|||||||||
Kentucky
|
375
|
5,769,217
|
0.7
|
|||||||||
Louisiana
|
1,445
|
24,648,904
|
3.0
|
|||||||||
Maine
|
134
|
1,808,100
|
0.2
|
|||||||||
Maryland
|
1,134
|
22,469,907
|
2.7
|
|||||||||
Massachusetts
|
1,378
|
19,261,058
|
2.3
|
|||||||||
Michigan
|
913
|
17,459,697
|
2.1
|
|||||||||
Minnesota
|
495
|
9,509,490
|
1.2
|
|||||||||
Mississippi
|
386
|
7,594,064
|
0.9
|
|||||||||
Missouri
|
946
|
15,109,855
|
1.8
|
|||||||||
Montana
|
105
|
1,680,298
|
0.2
|
|||||||||
Nebraska
|
81
|
1,294,974
|
0.2
|
|||||||||
Nevada
|
309
|
4,528,304
|
0.6
|
|||||||||
New Hampshire
|
221
|
2,906,191
|
0.4
|
|||||||||
New Jersey
|
1,274
|
22,003,542
|
2.7
|
|||||||||
New Mexico
|
139
|
1,863,164
|
0.2
|
|||||||||
New York
|
3,158
|
53,560,639
|
6.5
|
|||||||||
North Carolina
|
1,024
|
19,120,934
|
2.3
|
|||||||||
North Dakota
|
33
|
601,126
|
0.1
|
State |
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Ohio
|
2,383
|
43,626,826
|
5.3
|
|||||||||
Oklahoma
|
872
|
13,759,100
|
1.7
|
|||||||||
Oregon
|
709
|
11,224,841
|
1.4
|
|||||||||
Pennsylvania
|
1,679
|
27,605,402
|
3.4
|
|||||||||
Rhode Island
|
113
|
1,704,519
|
0.2
|
|||||||||
South Carolina
|
518
|
12,041,594
|
1.5
|
|||||||||
South Dakota
|
55
|
707,805
|
0.1
|
|||||||||
Tennessee
|
941
|
19,412,731
|
2.4
|
|||||||||
Texas
|
3,965
|
66,927,150
|
8.2
|
|||||||||
Utah
|
161
|
3,390,556
|
0.4
|
|||||||||
Vermont
|
78
|
1,201,089
|
0.1
|
|||||||||
Virginia
|
1,267
|
21,237,959
|
2.6
|
|||||||||
Washington
|
1,288
|
19,404,770
|
2.4
|
|||||||||
West Virginia
|
213
|
2,648,800
|
0.3
|
|||||||||
Wisconsin
|
421
|
6,794,028
|
0.8
|
|||||||||
Wyoming
|
54
|
854,121
|
0.1
|
|||||||||
Other
|
438
|
9,797,504
|
1.2
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
Loan Repayment Terms
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Level Repayment
|
24,889
|
$
|
355,009,319
|
43.2
|
%
|
|||||||
Other Repayment Options(1)
|
17,037
|
298,410,605
|
36.3
|
|||||||||
Income-driven Repayment(2)
|
4,666
|
167,664,390
|
20.4
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
(1) |
Includes, among others, graduated repayment and interest-only period loans.
|
(2) |
Includes income sensitive and income based repayment.
|
Loan Type
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Subsidized
|
22,398
|
$
|
310,651,026
|
37.8
|
%
|
|||||||
Unsubsidized
|
24,194
|
510,433,288
|
62.2
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
Disbursement Date
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
September 30, 1993 and earlier
|
115
|
$
|
5,999,485
|
0.7
|
%
|
|||||||
October 1, 1993 through June 30, 2006
|
46,477
|
815,084,829
|
99.3
|
|||||||||
July 1, 2006 and later
|
0
|
0
|
0.0
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
Name of Guaranty Agency
|
Number
of Loans
|
Aggregate Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
American Student Assistance
|
1,861
|
$
|
24,176,805
|
2.9
|
%
|
|||||||
College Assist
|
12
|
407,780
|
*
|
|||||||||
Educational Credit Management Corporation
|
3,269
|
47,324,772
|
5.8
|
|||||||||
Florida Off Of Student Fin’l Assistance
|
1,295
|
14,785,319
|
1.8
|
|||||||||
Great Lakes Higher Education Corporation
|
22,733
|
480,041,615
|
58.5
|
|||||||||
Kentucky Higher Educ. Asst. Auth.
|
1,100
|
14,380,117
|
1.8
|
|||||||||
Louisiana Office Of Student Financial Asst
|
737
|
9,633,031
|
1.2
|
|||||||||
Michigan Guaranty Agency
|
484
|
6,455,940
|
0.8
|
|||||||||
New York State Higher Ed Services Corp
|
5,676
|
89,820,862
|
10.9
|
|||||||||
Oklahoma Guaranteed Stud Loan Prog
|
781
|
10,977,947
|
1.3
|
|||||||||
Pennsylvania Higher Education Assistance Agency
|
4,087
|
52,548,061
|
6.4
|
|||||||||
Texas Guaranteed Student Loan Corp
|
4,557
|
70,532,064
|
8.6
|
|||||||||
Total
|
46,592
|
$
|
821,084,314
|
100.0
|
%
|
* |
Represents a percentage greater than 0% but less than 0.05%.
|