8-K

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 EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  March 3, 2023

_______________________________

SLM Student Loan Trust 2003-1
(Exact name of issuer as specified in its charter)

_______________________________

DELAWARE	333-97247/ 333-97247-06	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, 60th Floor Mail Stop NYC60-2606 New York, New York 10005
	(Address of principal executive offices)

Registrant’s telephone number including area code:  (703) 984-5858

______________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  [  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [  ]

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Not Applicable	Not Applicable	Not Applicable

Exhibit Index appears on page 3

Item 8.01      Other Events

On March 3, 2023, Navient Solutions, LLC, in its capacity as administrator, furnished to the remarketing agent a preliminary remarketing memorandum (the “Remarketing Memorandum”) for distribution to certain qualified institutional buyers for purposes of remarketing the SLM Student Loan Trust 2003-1 Class A-5C Reset Rate Notes.  The Remarketing Memorandum included tables which provide a description of the SLM Student Loan Trust 2003-1 student loan pool as of January 31, 2023.  These tables are attached as an exhibit to this current report

Item 9.01      Financial Statements, Pro Forma Financial Statements and Exhibits

(a)           Not applicable

(b)           Not applicable

(c)           Not applicable

(d)           Exhibits

99.1     Tables showing SLM Student Loan Trust 2003-1 Pool Information as of January 31, 2023.

1

SIGNATURES

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

	SLM STUDENT LOAN TRUST 2003-1
	By:  NAVIENT SOLUTIONS, LLC, in its capacity as administrator of the Trust
Date: March 3, 2023	By:	/s/ C. Scott Booher
		Name: C. Scott Booher
		Title:    Vice President

2

SLM STUDENT LOAN TRUST 2003-1

Form 8-K

CURRENT REPORT

INDEX TO EXHIBITS

Exhibit Number	Description
99.1	Tables Showing SLM Student Loan Trust 2003-1 Pool Information as of January 31, 2023.

3

EX-99.1

Exhibit 99.1

ANNEX A
The Trust Student Loan Pool as of January 31, 2023

The trust student loans owned by the trust were originally selected from a portfolio of consolidation student loans owned by Student Loan Marketing Association by employing several criteria, including requirements that each trust student loan as of the original cutoff date:

● was 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 more than 120 days past the final disbursement;

● 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.

No trust student loan as of the original cutoff date was subject to the depositor’s or the Student Loan Marketing Association’s prior obligation to sell that loan to a third party. The Student Loan Marketing Association was dissolved on December 31, 2004 and all of its obligations were assumed by its affiliate, Navient Credit Finance Corporation.

Unless otherwise specified, all information with respect to the trust student loans is presented as of January 31, 2023, which is the statistical disclosure date.

The following tables provide a description of specified characteristics of the trust student loans as of the statistical disclosure date.  The aggregate outstanding principal balance of the loans in each of the following tables includes the principal balance due from borrowers, plus accrued interest of $2,172,763 to be capitalized as of the statistical disclosure date.  Percentages and dollar amounts in any table may not total 100% or whole dollars due to rounding.  The following tables also contain information concerning the total number of loans and total number of borrowers in the portfolio of trust student loans.  For ease of administration, the servicer separates a consolidation loan on its system into two separate loan segments representing subsidized and unsubsidized segments of the same loan.  The following tables reflect those loan segments within the number of loans.  In addition, 3 borrowers have more than one trust student loan.

The distribution by weighted average interest rate applicable to the trust student loans on any date following the statistical disclosure date may vary significantly from that in the following tables as a result of variations in the effective rates of interest applicable to the trust student loans and in rates of principal reduction.  Moreover, the information below about the weighted average remaining term to maturity of the trust student loans as of the statistical disclosure date may vary significantly from the actual term to maturity of any of the trust student loans as a result of prepayments or the granting of deferment and forbearance periods. See “Risk Factors—Forbearances Granted As a Result of the COVID-19 Pandemic May Delay Payments of Interest and Principal” in this remarketing memorandum.

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2003-1

The following tables also contain information concerning the total number of loans and the total number of borrowers in the portfolio of trust student loans.

Percentages and dollar amounts in any table may not total 100% of the trust student loan balance, as applicable, due to rounding.

COMPOSITION OF THE TRUST STUDENT LOANS AS OF THE STATISTICAL DISCLOSURE DATE
Aggregate Outstanding Principal Balance	$	292,111,254
Aggregate Outstanding Principal Balance – Treasury Bill	$	43,541,410
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill		14.91	%
Aggregate Outstanding Principal Balance – One-Month LIBOR	$	248,569,845
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR		85.09	%
Number of Borrowers	$	5,530
Average Outstanding Principal Balance Per Borrower		52,823
Number of Loans		9,648
Average Outstanding Principal Balance Per Loan – Treasury Bill	$	52,777
Average Outstanding Principal Balance Per Loan – One-Month LIBOR		28,173
Weighted Average Remaining Term to Scheduled Maturity	207 months
Weighted Average Annual Interest Rate	$	7.43	%

We determined the weighted average remaining term to maturity shown in the table from the statistical disclosure date to the stated maturity date of the applicable trust student loan without giving effect to any deferment or forbearance periods that may be granted in the future.  See Appendix A to the preliminary remarketing memorandum.

The weighted average annual borrower interest rate shown in the table is exclusive of special allowance payments.  The weighted average spread for special allowance payments to the 91-day Treasury bill rate was 3.10% as of the statistical disclosure date.

The weighted average spread for special allowance payments to the one-month LIBOR rate was 2.64% as of the statistical disclosure date.  See “Special Allowance Payments” in Appendix A to the preliminary remarketing memorandum.

For these purposes, the 91-day Treasury bill rate is the weighted average per annum discount rate, expressed on a bond equivalent basis and applied on a daily basis, for direct obligations of the United States with a maturity of thirteen weeks, as reported by the United States Department of the Treasury.

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2003-1

DISTRIBUTION OF THE TRUST STUDENT LOANS BY BORROWER INTEREST RATES AS OF THE STATISTICAL DISCLOSURE DATE
Interest Rates	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Less than or equal to 3.00%		0	$	0		0.0	%
3.01% to 3.50%		0		0		0.0
3.51% to 4.00%		0		0		0.0
4.01% to 4.50%		1		29,237		*
4.51% to 5.00%		8		37,226		*
5.01% to 5.50%		143		1,632,549		0.6
5.51% to 6.00%		864		16,709,278		5.7
6.01% to 6.50%		1,804		36,797,714		12.6
6.51% to 7.00%		2,830		69,997,151		24.0
7.01% to 7.50%		548		17,167,771		5.9
7.51% to 8.00%		1,355		51,979,648		17.8
8.01% to 8.50%		1,839		78,567,129		26.9
Equal to or greater than 8.51%		256		19,193,553		6.6
Total		10,499	$	292,111,254		100.0	%

*     Represents a percentage greater than 0% but less than 0.05%.

We determined the interest rates shown in the table above using the interest rates applicable to the trust student loans as of the statistical disclosure date.  Because trust student loans with different interest rates are likely to be repaid at different rates, this information is not likely to remain applicable to the trust student loans after the statistical disclosure date.  See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools – Sallie Mae’s Student Loan Financing Business” in the original prospectus.

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2003-1

DISTRIBUTION OF THE TRUST STUDENT LOANS BY OUTSTANDING PRINCIPAL BALANCE PER BORROWER AS OF THE STATISTICAL DISCLOSURE DATE
Range of Outstanding Principal Balance	Number of Borrowers		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Less than $5,000.00		585	$	1,423,456		0.5	%
$  5,000.00-$9,999.99		508		3,768,231		1.3
$10,000.00-$14,999.99		543		6,760,478		2.3
$15,000.00-$19,999.99		440		7,629,404		2.6
$20,000.00-$24,999.99		344		7,731,991		2.6
$25,000.00-$29,999.99		327		8,981,230		3.1
$30,000.00-$34,999.99		318		10,306,455		3.5
$35,000.00-$39,999.99		265		9,882,154		3.4
$40,000.00-$44,999.99		239		10,169,218		3.5
$45,000.00-$49,999.99		185		8,748,666		3.0
$50,000.00-$54,999.99		185		9,728,858		3.3
$55,000.00-$59,999.99		118		6,779,193		2.3
$60,000.00-$64,999.99		120		7,513,148		2.6
$65,000.00-$69,999.99		102		6,903,310		2.4
$70,000.00-$74,999.99		93		6,735,325		2.3
$75,000.00-$79,999.99		99		7,675,798		2.6
$80,000.00-$84,999.99		84		6,938,351		2.4
$85,000.00-$89,999.99		74		6,472,600		2.2
$90,000.00-$94,999.99		60		5,530,450		1.9
$95,000.00-$99,999.99		48		4,698,973		1.6
$100,000.00 and above		793		147,733,966		50.6
Total		5,530	$	292,111,254		100.0	%

DISTRIBUTION OF THE TRUST STUDENT LOANS BY DELINQUENCY STATUS AS OF THE STATISTICAL DISCLOSURE DATE
Number of Days Delinquent	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
0-30 days		9,002	$	265,492,266		90.9	%
31-60 days		174		6,231,469		2.1
61-90 days		130		6,631,590		2.3
91-120 days		85		3,958,938		1.4
121-150 days		41		2,232,529		0.8
151-180 days		47		1,315,581		0.5
181-210 days		28		779,500		0.3
Greater than 210 days		141		5,469,382		1.9
Total		9,648	$	292,111,254		100.0	%

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2003-1

DISTRIBUTION OF THE TRUST STUDENT LOANS BY REMAINING TERM TO SCHEDULED MATURITY AS OF THE STATISTICAL DISCLOSURE DATE
Number of Months Remaining to Scheduled Maturity	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
0 to 3		74	$	35,867		*
4 to 12		263		382,290		0.1	%
13 to 24		366		1,052,032		0.4
25 to 36		409		2,172,594		0.7
37 to 48		578		4,046,236		1.4
49 to 60		723		5,910,546		2.0
61 to 72		471		5,173,165		1.8
73 to 84		394		5,310,715		1.8
85 to 96		418		6,721,430		2.3
97 to 108		554		10,467,814		3.6
109 to 120		678		12,815,570		4.4
121 to 132		555		14,262,502		4.9
133 to 144		428		14,173,102		4.9
145 to 156		403		13,624,817		4.7
157 to 168		442		16,538,039		5.7
169 to 180		350		12,738,211		4.4
181 to 192		280		12,581,016		4.3
193 to 204		231		10,266,267		3.5
205 to 216		219		11,584,100		4.0
217 to 228		176		8,578,655		2.9
229 to 240		145		7,944,648		2.7
241 to 252		124		6,957,978		2.4
253 to 264		92		4,848,423		1.7
265 to 276		126		8,093,762		2.8
277 to 288		91		5,623,913		1.9
289 to 300		293		22,348,352		7.7
301 to 312		688		59,362,464		20.3
313 to 324		18		2,010,383		0.7
325 to 336		8		864,452		0.3
337 to 348		9		1,139,846		0.4
349 to 360		15		2,606,910		0.9
361 and above		27		1,875,158		0.6
Total		9,648	$	292,111,254		100.0	%

*     Represents a percentage greater than 0% but less than 0.05%.

We have determined the number of months remaining to scheduled maturity shown in the table from the statistical disclosure date to the stated maturity date of the applicable trust student loan without giving effect to any deferment or forbearance periods that may be granted in the future.  See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools –Sallie Mae’s Student Loan Financing Business” in the original prospectus.

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2003-1

DISTRIBUTION OF THE TRUST STUDENT LOANS BY CURRENT BORROWER PAYMENT STATUS AS OF THE STATISTICAL DISCLOSURE DATE
Current Borrower Payment Status	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Deferment		240	$	6,577,785		2.3	%
Forbearance		995		44,175,896		15.1
Repayment
First year in repayment		73		4,760,225		1.6
Second year in repayment		48		3,795,307		1.3
Third year in repayment		103		8,622,909		3.0
More than 3 years in repayment		8,189		224,179,132		76.7
Total		9,648	$	292,111,254		100.0	%

(1) Of the trust student loans in forbearance status, approximately 39 loans with an aggregate outstanding principal balance of $1,760,706, representing 0.60% of the pool by principal balance, are in the Coronavirus Disaster Forbearance Program.

Current borrower payment status refers to the status of the borrower of each trust student loan as of the statistical disclosure date.  The borrower:

● 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.

See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools –Sallie Mae’s Student Loan Financing Business” in the original prospectus.

The weighted average number of months in repayment for all trust student loans currently in repayment is approximately 141.5 calculated as the term to maturity at the commencement of repayment less the number of months remaining to scheduled maturity as of the statistical disclosure date.

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2003-1

SCHEDULED WEIGHTED AVERAGE REMAINING MONTHS IN STATUS OF THE TRUST STUDENT LOANS BY CURRENT BORROWER PAYMENT STATUS AS OF THE STATISTICAL DISCLOSURE DATE
	Scheduled Months in Status Remaining
Current Borrower Payment Status	Deferment	Forbearance	Repayment
Deferment	20.1	-	211.6
Forbearance	-	7.2	222.5
Repayment	-	-	201.8

We have determined the scheduled weighted average remaining months in status shown in the previous table without giving effect to any deferment or forbearance periods that may be granted in the future.  Of the $6,577,785 aggregate outstanding principal balance of the trust student loans in deferment as of the statistical disclosure date, $4,677,112 or approximately 71.1% of such loans are to borrowers who had not graduated as of that date.  We expect that a significant portion of these loans could qualify for additional deferments or forbearances at the end of their current deferment periods as the related borrowers continue their education beyond their current degree programs.  As a result, the overall duration of any applicable deferment and forbearance periods as well as the likelihood of future deferment and forbearance periods within this pool of trust student loans is likely to be higher than in other pools of student loans without similar numbers of in-school consolidation loans.  See Appendix A to the original prospectus.

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2003-1

GEOGRAPHIC DISTRIBUTION OF THE TRUST STUDENT LOANS AS OF THE STATISTICAL DISCLOSURE DATE
State	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Alabama		156	$	4,439,532		1.5	%
Alaska		10		280,481		0.1
Arizona		225		7,771,688		2.7
Arkansas		135		3,420,827		1.2
California		1,123		38,304,254		13.1
Colorado		187		4,513,674		1.5
Connecticut		65		1,562,665		0.5
Delaware		23		341,061		0.1
District of Columbia		26		590,752		0.2
Florida		584		20,602,018		7.1
Georgia		367		14,215,624		4.9
Hawaii		25		729,316		0.2
Idaho		55		1,818,951		0.6
Illinois		447		12,377,387		4.2
Indiana		135		3,198,047		1.1
Iowa		51		1,248,362		0.4
Kansas		207		6,357,124		2.2
Kentucky		82		3,031,257		1.0
Louisiana		422		12,014,325		4.1
Maine		29		1,193,002		0.4
Maryland		193		6,251,524		2.1
Massachusetts		161		3,169,783		1.1
Michigan		332		11,007,094		3.8
Minnesota		204		4,493,310		1.5
Mississippi		132		3,837,654		1.3
Missouri		284		8,530,579		2.9
Montana		37		435,403		0.1
Nebraska		42		1,294,551		0.4
Nevada		92		2,335,246		0.8
New Hampshire		27		602,478		0.2
New Jersey		138		4,185,321		1.4
New Mexico		31		1,105,017		0.4
New York		342		10,612,639		3.6
North Carolina		163		5,421,965		1.9
North Dakota		5		228,879		0.1
Ohio		53		875,808		0.3
Oklahoma		277		7,040,778		2.4
Oregon		229		7,754,113		2.7
Pennsylvania		210		5,360,302		1.8
Rhode Island		12		317,855		0.1
South Carolina		89		3,231,230		1.1
South Dakota		8		254,105		0.1
Tennessee		240		7,322,960		2.5
Texas		1,062		30,514,457		10.4
Utah		44		1,284,748		0.4
Vermont		5		180,976		0.1
Virginia		202		6,400,878		2.2
Washington		339		9,839,794		3.4
West Virginia		24		640,110		0.2
Wisconsin		220		6,757,342		2.3
Wyoming		15		282,891		0.1
Other		82		2,531,120		0.9
Total		9,648	$	292,111,254		100.0	%

*     Represents a percentage greater than 0% but less than 0.05%.

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2003-1

We have based the geographic distribution shown in the table on the billing addresses of the borrowers of the trust student loans shown on the servicer’s records as of the statistical disclosure date.

Each of the trust student loans provides or will provide for the amortization of its outstanding principal balance over a series of regular payments.  Except as described below, each regular payment consists of an installment of interest which is calculated on the basis of the outstanding principal balance of the trust student loan.  The amount received is applied first to interest accrued to the date of payment and the balance of the payment, if any, is applied to reduce the unpaid principal balance.  Accordingly, if a borrower pays a regular installment before its scheduled due date, the portion of the payment allocable to interest for the period since the preceding payment was made will be less than it would have been had the payment been made as scheduled, and the portion of the payment applied to reduce the unpaid principal balance will be correspondingly greater.  Conversely, if a borrower pays a monthly installment after its scheduled due date, the portion of the payment allocable to interest for the period since the preceding payment was made will be greater than it would have been had the payment been made as scheduled, and the portion of the payment applied to reduce the unpaid principal balance will be correspondingly less.

In either case, subject to any applicable deferment periods or forbearance periods, and except as provided below, the borrower pays a regular installment until the final scheduled payment date, at which time the amount of the final installment is increased or decreased as necessary to repay the then outstanding principal balance of that trust student loan.

The servicer makes available to borrowers of student loans it holds (including the trust student loans) payment terms that may result in the lengthening of the remaining term of the student loans.  For example, not all of the loans sold to the trust provide for level payments throughout the repayment term of the loans.  Some student loans provide for interest only payments to be made for a designated portion of the term of the loans, with amortization of the principal of the loans occurring only when payments increase in the latter stage of the term of the loans.  Other loans provide for a graduated phase in of the amortization of principal with a greater portion of principal amortization being required in the latter stages than would be the case if amortization were on a level payment basis.  The servicer also offers an income-sensitive repayment plan, under which repayments are based on the borrower’s income.  Under that plan, ultimate repayment may be delayed up to five years.  Borrowers under trust student loans will continue to be eligible for the graduated payment and income-sensitive repayment plans.  These programs are applicable to the trust student loans and may be offered by the servicer to related borrowers at its discretion.

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2003-1

The following table provides certain information about trust student loans subject to the repayment terms described in the preceding paragraphs.

DISTRIBUTION OF THE TRUST STUDENT LOANS BY REPAYMENT TERMS AS OF THE STATISTICAL DISCLOSURE DATE
Loan Repayment Terms	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Level Repayment		4,112	$	105,719,115		36.2	%
Other Repayment Options(1)		3,490		75,204,382		25.7
Income-driven Repayment(2)		2,046		111,187,758		38.1
Total		9,648	$	292,111,254		100.0	%

(1)  Includes, among others, graduated repayment and interest-only period loans.

(2) Includes income sensitive and income based repayment.

With respect to interest-only loans, as of the statistical disclosure date, there are 121 loans with an aggregate outstanding principal balance of $5,888,696 currently in an interest-only period.  These interest-only loans represent approximately 2.0% of the aggregate outstanding principal balance of the trust student loans.  Interest-only periods range up to 48 months in overall length.

The servicer may in the future offer repayment terms similar to those described above to borrowers of trust student loans who are not entitled to these repayment terms as of the statistical disclosure date.  If repayment terms are offered to and accepted by those borrowers, the weighted average life of the securities could be lengthened.

DISTRIBUTION OF THE TRUST STUDENT LOANS BY LOAN TYPE AS OF THE STATISTICAL DISCLOSURE DATE
Loan Type	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Subsidized		4,846	$	123,003,697		42.1	%
Unsubsidized		4,802		169,107,558		57.9
Total		9,648	$	292,111,254		100.0	%

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2003-1

The following table provides information about the trust student loans regarding date of disbursement.

DISTRIBUTION OF THE TRUST STUDENT LOANS BY DATE OF DISBURSEMENT AS OF THE STATISTICAL DISCLOSURE DATE
Disbursement Date	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
September 30, 1993 and earlier		29	$	769,387		0.3	%
October 1, 1993 through June 30, 2006		9,619		291,341,867		99.7
July 1, 2006 and later		0		0		0.0
Total		9,648	$	292,111,254		100.0	%

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2003-1

Guaranty Agencies for the Trust Student Loans.  The eligible lender trustee has entered into a separate guarantee agreement with each of the guaranty agencies listed below, under which each of the guarantors has agreed to serve as guarantor for specified trust student loans.

The following table provides information with respect to the portion of the trust student loans guaranteed by each guarantor.

DISTRIBUTION OF THE TRUST STUDENT LOANS BY GUARANTY AGENCY AS OF THE STATISTICAL DISCLOSURE DATE
Name of Guaranty Agency	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
American Student Assistance		579	$	8,599,188		2.9	%
College Assist		19		464,183		0.2
Educational Credit Management Corporation		1,041		29,999,411		10.3
Great Lakes Higher Education Corporation		4,979		161,750,238		55.4
Kentucky Higher Educ. Asst. Auth.		155		4,512,369		1.5
Michigan Guaranty Agency		191		5,193,131		1.8
New York State Higher Ed Services Corp		506		14,808,269		5.1
Oklahoma Guaranteed Stud Loan Prog		284		7,215,164		2.5
Pennsylvania Higher Education Assistance Agency		1,054		34,112,435		11.7
Texas Guaranteed Student Loan Corp		840		25,456,866		8.7
Total		9,648	$	292,111,254		100.0	%

A-12

2003-1