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
|
99.1
|
|
Tables showing SLM Student Loan Trust 2004-10 Pool Information as of August 31, 2022.
|
SLM STUDENT LOAN TRUST 2004-10 | |||
By: NAVIENT SOLUTIONS, LLC, in its capacity as administrator of the Trust | |||
Dated: October 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 August 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
|
$
|
780,234,072
|
||
Aggregate Outstanding Principal Balance – Treasury Bill
|
$
|
41,249,893
|
||
Percentage of Aggregate Outstanding Principal Balance –Treasury Bill
|
5.29
|
%
|
||
Aggregate Outstanding Principal Balance – One-Month LIBOR
|
$
|
682,650,339
|
||
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR
|
87.49
|
%
|
||
Aggregate Outstanding Principal Balance – Treasury Bill Other
|
$
|
56,333,840
|
||
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill Other
|
7.22
|
%
|
||
Number of Borrowers
|
23,953
|
|||
Average Outstanding Principal Balance Per Borrower
|
$
|
32,574
|
||
Number of Loans
|
43,775
|
|||
Average Outstanding Principal Balance Per Loan – Treasury Bill
|
$
|
42,135
|
||
Average Outstanding Principal Balance Per Loan – One-Month LIBOR
|
$
|
16,439
|
||
Average Outstanding Principal Balance Per Loan – Treasury Bill Other
|
$
|
44,392
|
||
Weighted Average Remaining Term to Scheduled Maturity
|
175 months
|
|||
Weighted Average Annual Interest Rate
|
4.54
|
%
|
Interest Rates
|
Number
of Loans
|
Aggregate
Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Less than or equal to 3.00%
|
9,140
|
$
|
118,475,342
|
15.2
|
%
|
|||||||
3.01% to 3.50%
|
11,354
|
135,639,295
|
17.4
|
|||||||||
3.51% to 4.00%
|
8,031
|
125,639,308
|
16.1
|
|||||||||
4.01% to 4.50%
|
9,257
|
188,214,367
|
24.1
|
|||||||||
4.51% to 5.00%
|
1,716
|
38,572,458
|
4.9
|
|||||||||
5.01% to 5.50%
|
725
|
17,886,979
|
2.3
|
|||||||||
5.51% to 6.00%
|
486
|
13,007,960
|
1.7
|
|||||||||
6.01% to 6.50%
|
457
|
16,162,069
|
2.1
|
|||||||||
6.51% to 7.00%
|
698
|
21,890,654
|
2.8
|
|||||||||
7.01% to 7.50%
|
315
|
11,706,370
|
1.5
|
|||||||||
7.51% to 8.00%
|
598
|
25,222,325
|
3.2
|
|||||||||
8.01% to 8.50%
|
638
|
45,003,437
|
5.8
|
|||||||||
Equal to or greater than 8.51%
|
360
|
22,813,508
|
2.9
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
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
|
5,220
|
$
|
13,169,998
|
1.7
|
%
|
|||||||
$ 5,000.00-$ 9,999.99
|
3,605
|
26,458,085
|
3.4
|
|||||||||
$10,000.00-$14,999.99
|
2,663
|
33,159,083
|
4.2
|
|||||||||
$15,000.00-$19,999.99
|
2,069
|
36,146,537
|
4.6
|
|||||||||
$20,000.00-$24,999.99
|
1,606
|
35,937,936
|
4.6
|
|||||||||
$25,000.00-$29,999.99
|
1,371
|
37,580,592
|
4.8
|
|||||||||
$30,000.00-$34,999.99
|
1,019
|
33,104,944
|
4.2
|
|||||||||
$35,000.00-$39,999.99
|
863
|
32,345,166
|
4.1
|
|||||||||
$40,000.00-$44,999.99
|
745
|
31,653,570
|
4.1
|
|||||||||
$45,000.00-$49,999.99
|
589
|
27,900,837
|
3.6
|
|||||||||
$50,000.00-$54,999.99
|
494
|
25,916,968
|
3.3
|
|||||||||
$55,000.00-$59,999.99
|
406
|
23,335,651
|
3.0
|
|||||||||
$60,000.00-$64,999.99
|
364
|
22,755,002
|
2.9
|
|||||||||
$65,000.00-$69,999.99
|
289
|
19,480,143
|
2.5
|
|||||||||
$70,000.00-$74,999.99
|
258
|
18,729,716
|
2.4
|
|||||||||
$75,000.00-$79,999.99
|
195
|
15,087,152
|
1.9
|
|||||||||
$80,000.00-$84,999.99
|
202
|
16,622,865
|
2.1
|
|||||||||
$85,000.00-$89,999.99
|
184
|
16,081,869
|
2.1
|
|||||||||
$90,000.00-$94,999.99
|
171
|
15,817,608
|
2.0
|
|||||||||
$95,000.00-$99,999.99
|
127
|
12,358,756
|
1.6
|
|||||||||
$100,000.00 and above
|
1,513
|
286,591,593
|
36.7
|
|||||||||
Total
|
23,953
|
$
|
780,234,072
|
100.0
|
%
|
Number of Days Delinquent
|
Number
of Loans
|
Aggregate
Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
0-30 days
|
40,859
|
$
|
708,492,844
|
90.8
|
%
|
|||||||
31-60 days
|
1,105
|
22,740,909
|
2.9
|
|||||||||
61-90 days
|
528
|
12,847,894
|
1.6
|
|||||||||
91-120 days
|
344
|
9,272,503
|
1.2
|
|||||||||
121-150 days
|
245
|
7,948,101
|
1.0
|
|||||||||
151-180 days
|
186
|
4,339,068
|
0.6
|
|||||||||
181-210 days
|
133
|
2,908,650
|
0.4
|
|||||||||
Greater than 210 days
|
465
|
11,684,103
|
1.5
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
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
|
145
|
$
|
34,245
|
*
|
||||||||
4 to 12
|
566
|
441,151
|
0.1
|
%
|
||||||||
13 to 24
|
1,564
|
2,612,583
|
0.3
|
|||||||||
25 to 36
|
5,043
|
10,333,851
|
1.3
|
|||||||||
37 to 48
|
2,448
|
8,966,586
|
1.1
|
|||||||||
49 to 60
|
2,099
|
10,437,362
|
1.3
|
|||||||||
61 to 72
|
1,659
|
10,563,779
|
1.4
|
|||||||||
73 to 84
|
1,896
|
13,948,992
|
1.8
|
|||||||||
85 to 96
|
3,827
|
31,000,251
|
4.0
|
|||||||||
97 to 108
|
2,007
|
22,207,562
|
2.8
|
|||||||||
109 to 120
|
1,905
|
26,685,960
|
3.4
|
|||||||||
121 to 132
|
3,048
|
56,912,772
|
7.3
|
|||||||||
133 to 144
|
3,391
|
74,473,030
|
9.5
|
|||||||||
145 to 156
|
4,343
|
94,536,385
|
12.1
|
|||||||||
157 to 168
|
2,186
|
61,168,716
|
7.8
|
|||||||||
169 to 180
|
1,714
|
53,774,199
|
6.9
|
|||||||||
181 to 192
|
1,241
|
45,249,916
|
5.8
|
|||||||||
193 to 204
|
979
|
38,889,474
|
5.0
|
|||||||||
205 to 216
|
854
|
35,913,977
|
4.6
|
|||||||||
217 to 228
|
604
|
27,130,372
|
3.5
|
|||||||||
229 to 240
|
526
|
23,237,197
|
3.0
|
|||||||||
241 to 252
|
342
|
16,009,178
|
2.1
|
|||||||||
253 to 264
|
215
|
11,200,306
|
1.4
|
|||||||||
265 to 276
|
202
|
11,521,423
|
1.5
|
|||||||||
277 to 288
|
136
|
8,338,005
|
1.1
|
|||||||||
289 to 300
|
234
|
18,182,942
|
2.3
|
|||||||||
301 to 312
|
337
|
38,878,735
|
5.0
|
|||||||||
313 to 324
|
55
|
4,162,460
|
0.5
|
|||||||||
325 to 336
|
33
|
2,259,278
|
0.3
|
|||||||||
337 to 348
|
40
|
4,359,285
|
0.6
|
|||||||||
349 to 360
|
93
|
11,887,342
|
1.5
|
|||||||||
361 and above
|
43
|
4,916,809
|
0.6
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
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
|
1,044
|
$
|
18,114,689
|
2.3
|
%
|
|||||||
Forbearance*
|
3,183
|
77,134,598
|
9.9
|
|||||||||
Repayment
|
||||||||||||
First year in repayment
|
366
|
19,587,333
|
2.5
|
|||||||||
Second year in repayment
|
302
|
15,481,632
|
2.0
|
|||||||||
Third year in repayment
|
422
|
13,869,673
|
1.8
|
|||||||||
More than 3 years in repayment
|
38,458
|
636,046,147
|
81.5
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
100.0
|
%
|
* Of the trust student loans in forbearance status, approximately 121 loans with an aggregate outstanding principal balance of $2,016,790, representing 0.26% 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
|
17.2
|
-
|
189.3
|
|||
Forbearance
|
-
|
12.3
|
196.6
|
|||
Repayment
|
-
|
-
|
170.7
|
State
|
Number
of Loans
|
Aggregate
Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Alabama
|
381
|
$
|
7,268,186
|
0.9
|
%
|
|||||||
Alaska
|
48
|
648,739
|
0.1
|
|||||||||
Arizona
|
928
|
18,764,584
|
2.4
|
|||||||||
Arkansas
|
264
|
4,887,819
|
0.6
|
|||||||||
California
|
4,650
|
92,941,114
|
11.9
|
|||||||||
Colorado
|
698
|
10,773,572
|
1.4
|
|||||||||
Connecticut
|
631
|
8,025,791
|
1.0
|
|||||||||
Delaware
|
145
|
3,724,687
|
0.5
|
|||||||||
District of Columbia
|
163
|
2,857,442
|
0.4
|
|||||||||
Florida
|
3,379
|
64,737,261
|
8.3
|
|||||||||
Georgia
|
1,339
|
31,425,211
|
4.0
|
|||||||||
Hawaii
|
193
|
3,133,964
|
0.4
|
|||||||||
Idaho
|
167
|
4,062,218
|
0.5
|
|||||||||
Illinois
|
1,720
|
29,080,656
|
3.7
|
|||||||||
Indiana
|
1,199
|
16,703,550
|
2.1
|
|||||||||
Iowa
|
177
|
3,005,815
|
0.4
|
|||||||||
Kansas
|
767
|
9,628,904
|
1.2
|
|||||||||
Kentucky
|
345
|
5,245,312
|
0.7
|
|||||||||
Louisiana
|
1,386
|
23,426,307
|
3.0
|
|||||||||
Maine
|
123
|
1,687,010
|
0.2
|
|||||||||
Maryland
|
1,053
|
21,237,230
|
2.7
|
|||||||||
Massachusetts
|
1,278
|
17,864,994
|
2.3
|
|||||||||
Michigan
|
863
|
16,920,734
|
2.2
|
|||||||||
Minnesota
|
467
|
9,259,666
|
1.2
|
|||||||||
Mississippi
|
358
|
7,016,014
|
0.9
|
|||||||||
Missouri
|
890
|
14,042,537
|
1.8
|
|||||||||
Montana
|
99
|
1,540,249
|
0.2
|
|||||||||
Nebraska
|
71
|
1,247,713
|
0.2
|
|||||||||
Nevada
|
284
|
4,409,863
|
0.6
|
|||||||||
New Hampshire
|
205
|
2,751,241
|
0.4
|
|||||||||
New Jersey
|
1,205
|
21,328,452
|
2.7
|
|||||||||
New Mexico
|
130
|
1,799,114
|
0.2
|
|||||||||
New York
|
2,965
|
51,271,511
|
6.6
|
|||||||||
North Carolina
|
951
|
17,881,685
|
2.3
|
|||||||||
North Dakota
|
29
|
482,930
|
0.1
|
State |
Number
of Loans
|
Aggregate
Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Ohio
|
2,223
|
41,310,340
|
5.3
|
|||||||||
Oklahoma
|
822
|
12,905,712
|
1.7
|
|||||||||
Oregon
|
670
|
10,826,299
|
1.4
|
|||||||||
Pennsylvania
|
1,576
|
26,199,764
|
3.4
|
|||||||||
Rhode Island
|
108
|
1,640,186
|
0.2
|
|||||||||
South Carolina
|
491
|
11,409,569
|
1.5
|
|||||||||
South Dakota
|
55
|
693,620
|
0.1
|
|||||||||
Tennessee
|
895
|
18,897,256
|
2.4
|
|||||||||
Texas
|
3,683
|
63,124,181
|
8.1
|
|||||||||
Utah
|
154
|
3,396,745
|
0.4
|
|||||||||
Vermont
|
73
|
1,152,513
|
0.1
|
|||||||||
Virginia
|
1,178
|
19,904,155
|
2.6
|
|||||||||
Washington
|
1,210
|
18,703,612
|
2.4
|
|||||||||
West Virginia
|
206
|
2,256,165
|
0.3
|
|||||||||
Wisconsin
|
400
|
6,298,162
|
0.8
|
|||||||||
Wyoming
|
49
|
957,640
|
0.1
|
|||||||||
Other
|
431
|
9,476,081
|
1.2
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
100.0
|
%
|
Loan Repayment Terms
|
Number
of Loans
|
Aggregate
Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
Level Repayment
|
23,421
|
$
|
340,012,627
|
43.6
|
%
|
|||||||
Other Repayment Options(1)
|
16,032
|
280,032,188
|
35.9
|
|||||||||
Income-driven Repayment(2)
|
4,322
|
160,189,257
|
20.5
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
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
|
21,016
|
$
|
294,040,250
|
37.7
|
%
|
|||||||
Unsubsidized
|
22,759
|
486,193,822
|
62.3
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
100.0
|
%
|
Disbursement Date
|
Number
of Loans
|
Aggregate
Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
September 30, 1993 and earlier
|
111
|
$
|
5,773,030
|
0.7
|
%
|
|||||||
October 1, 1993 through June 30, 2006
|
43,664
|
774,461,042
|
99.3
|
|||||||||
July 1, 2006 and later
|
0
|
0
|
0.0
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
100.0
|
%
|
Name of Guaranty Agency
|
Number
of Loans
|
Aggregate
Outstanding
Principal Balance
|
Percent of Pool
by Outstanding
Principal Balance
|
|||||||||
American Student Assistance
|
1,726
|
$
|
23,044,176
|
3.0
|
%
|
|||||||
College Assist
|
11
|
404,609
|
0.1
|
|||||||||
Educational Credit Management Corporation
|
3,071
|
45,318,841
|
5.8
|
|||||||||
Florida Off Of Student Fin’l Assistance
|
1,192
|
13,803,617
|
1.8
|
|||||||||
Great Lakes Higher Education Corporation
|
21,426
|
454,602,424
|
58.3
|
|||||||||
Kentucky Higher Educ. Asst. Auth.
|
1,055
|
13,735,393
|
1.8
|
|||||||||
Louisiana Office Of Student Financial Asst
|
702
|
9,126,234
|
1.2
|
|||||||||
Michigan Guaranty Agency
|
455
|
6,197,641
|
0.8
|
|||||||||
New York State Higher Ed Services Corp
|
5,359
|
86,816,090
|
11.1
|
|||||||||
Oklahoma Guaranteed Stud Loan Prog
|
721
|
10,277,734
|
1.3
|
|||||||||
Pennsylvania Higher Education Assistance Agency
|
3,793
|
49,424,619
|
6.3
|
|||||||||
Texas Guaranteed Student Loan Corp
|
4,264
|
67,482,694
|
8.6
|
|||||||||
Total
|
43,775
|
$
|
780,234,072
|
100.0
|
%
|