Page 1 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
I.
|
Deal Parameters
|
A
|
Student Loan Portfolio Characteristics
|
11/14/2013
|
11/30/2022
|
12/31/2022
|
||||||||||
Principal Balance
|
$
|
952,236,013.41
|
$
|
267,134,970.68
|
$
|
260,894,021.67
|
||||||||
Interest to be Capitalized Balance
|
19,888,623.55
|
3,416,601.06
|
3,165,130.55
|
|||||||||||
Pool Balance
|
$
|
972,124,636.96
|
$
|
270,551,571.74
|
$
|
264,059,152.22
|
||||||||
Specified Reserve Account Balance
|
4,992,316.00
|
- N/A -
|
- N/A -
|
|||||||||||
Adjusted Pool (1)
|
$
|
977,116,952.96
|
$
|
270,551,571.74
|
$
|
264,059,152.22
|
||||||||
Weighted Average Coupon (WAC)
|
6.29%
|
|
6.51%
|
|
6.51%
|
|
||||||||
Number of Loans
|
200,093
|
43,823
|
42,635
|
|||||||||||
Aggregate Outstanding Principal Balance - Tbill
|
-
|
-
|
||||||||||||
Aggregate Outstanding Principal Balance - LIBOR
|
$
|
270,551,571.74
|
$
|
264,059,152.22
|
||||||||||
Pool Factor
|
0.270968012
|
0.264465600
|
||||||||||||
Since Issued Constant Prepayment Rate
|
(4.71)%
|
|
(4.96)%
|
|
(1) |
The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than or equal to 40% of the original pool.
|
B
|
Debt Securities
|
Cusip/Isin
|
12/27/2022
|
01/25/2023
|
|||||||
A3
|
78448CAG4
|
$
|
240,446,056.02
|
$
|
234,018,560.70
|
||||||
B
|
78448CAH2
|
$
|
27,400,000.00
|
$
|
27,400,000.00
|
C
|
Account Balances
|
12/27/2022
|
01/25/2023
|
||||||
Reserve Account Balance
|
$
|
998,463.00
|
$
|
998,463.00
|
|||||
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
Floor Income Rebate Account
|
$
|
180,622.21
|
$
|
288,258.71
|
|||||
Supplemental Loan Purchase Account
|
-
|
-
|
D
|
Asset / Liability
|
12/27/2022
|
01/25/2023
|
||||||
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
270,551,571.74
|
$
|
264,059,152.22
|
|||||
Total Notes
|
$
|
267,846,056.02
|
$
|
261,418,560.70
|
|||||
Difference
|
$
|
2,705,515.72
|
$
|
2,640,591.52
|
|||||
Parity Ratio
|
1.01010
|
1.01010
|
Page 2 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
II. |
Trust Activity 12/01/2022 through 12/31/2022
|
A
|
Student Loan Principal Receipts
|
||||
Borrower Principal
|
755,714.96
|
||||
Guarantor Principal
|
1,089,963.24
|
||||
Consolidation Activity Principal
|
5,352,855.86
|
||||
Seller Principal Reimbursement
|
-
|
||||
Servicer Principal Reimbursement
|
563.48
|
||||
Rejected Claim Repurchased Principal
|
-
|
||||
Other Principal Deposits
|
-
|
||||
Total Principal Receipts
|
$
|
7,199,097.54
|
|||
B
|
Student Loan Interest Receipts
|
||||
Borrower Interest
|
390,648.46
|
||||
Guarantor Interest
|
53,446.79
|
||||
Consolidation Activity Interest
|
234,792.29
|
||||
Special Allowance Payments
|
0.00
|
||||
Interest Subsidy Payments
|
0.00
|
||||
Seller Interest Reimbursement
|
0.00
|
||||
Servicer Interest Reimbursement
|
594.30
|
||||
Rejected Claim Repurchased Interest
|
0.00
|
||||
Other Interest Deposits
|
49,691.05
|
||||
Total Interest Receipts
|
$
|
729,172.89
|
|||
C
|
Reserves in Excess of Requirement
|
|
-
|
||
D
|
Investment Income
|
$
|
39,103.44
|
||
E
|
Funds Borrowed from Next Collection Period
|
-
|
|||
F
|
Funds Repaid from Prior Collection Period
|
-
|
|||
G
|
Loan Sale or Purchase Proceeds
|
-
|
|||
H
|
Initial Deposits to Collection Account
|
-
|
|||
I
|
Excess Transferred from Other Accounts
|
-
|
|||
J
|
Other Deposits
|
-
|
|||
K
|
Funds Released from Capitalized Interest Account
|
-
|
|||
L
|
Less: Funds Previously Remitted:
|
||||
Servicing Fees to Servicer
|
-
|
||||
Consolidation Loan Rebate Fees to Dept. of Education
|
-
|
||||
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
Funds Allocated to the Floor Income Rebate Account
|
$
|
(107,636.50)
|
|||
M
|
AVAILABLE FUNDS
|
$
|
7,859,737.37
|
||
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(958,148.53)
|
||
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
29,746.09
|
||
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
Q
|
Aggregate Loan Substitutions
|
- |
Page 3 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
III. |
2013-6 Portfolio Characteristics
|
12/31/2022
|
11/30/2022
|
|||||||||||||||||||||||||||||||||
Wtd Avg Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg Coupon
|
# Loans
|
Principal
|
% of Principal
|
|||||||||||||||||||||||||||
INTERIM:
|
IN SCHOOL
|
6.07%
|
|
83
|
$
|
597,099.02
|
0.229%
|
|
6.11%
|
|
89
|
$
|
619,205.54
|
0.232%
|
|
|||||||||||||||||||
|
GRACE
|
5.74%
|
|
45
|
$
|
197,935.52
|
0.076%
|
|
5.52%
|
|
47
|
$
|
183,579.00
|
0.069%
|
|
|||||||||||||||||||
DEFERMENT
|
6.45%
|
|
2,465
|
$
|
13,295,226.14
|
5.096%
|
|
6.45%
|
|
2,673
|
$
|
14,091,125.45
|
5.275%
|
|
||||||||||||||||||||
REPAYMENT:
|
CURRENT
|
6.54%
|
|
27,335
|
$
|
161,657,832.11
|
61.963%
|
|
6.52%
|
|
27,732
|
$
|
161,879,182.02
|
60.598%
|
|
|||||||||||||||||||
|
31-60 DAYS DELINQUENT
|
6.30%
|
|
1,026
|
$
|
7,014,789.99
|
2.689%
|
|
6.41%
|
|
1,425
|
$
|
9,518,735.05
|
3.563%
|
|
|||||||||||||||||||
|
61-90 DAYS DELINQUENT
|
6.50%
|
|
866
|
$
|
6,532,624.97
|
2.504%
|
|
6.67%
|
|
775
|
$
|
5,043,483.15
|
1.888%
|
|
|||||||||||||||||||
|
91-120 DAYS DELINQUENT
|
6.77%
|
|
506
|
$
|
3,308,237.36
|
1.268%
|
|
6.58%
|
|
607
|
$
|
4,176,746.92
|
1.564%
|
|
|||||||||||||||||||
|
> 120 DAYS DELINQUENT
|
6.40%
|
|
2,437
|
$
|
15,953,885.96
|
6.115%
|
|
6.53%
|
|
2,796
|
$
|
19,648,080.55
|
7.355%
|
|
|||||||||||||||||||
|
FORBEARANCE
|
6.49%
|
|
7,501
|
$
|
49,407,012.52
|
18.938%
|
|
6.49%
|
|
7,351
|
$
|
49,993,618.98
|
18.715%
|
|
|||||||||||||||||||
CLAIMS IN PROCESS
|
7.01%
|
|
371
|
$
|
2,929,378.08
|
1.123%
|
|
6.68%
|
|
328
|
$
|
1,981,214.02
|
0.742%
|
|
||||||||||||||||||||
TOTAL
|
42,635
|
$
|
260,894,021.67
|
100.00%
|
|
43,823
|
$
|
267,134,970.68
|
100.00%
|
|
Page 4 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
IV. |
2013-6 Portfolio Characteristics (cont'd)
|
12/31/2022
|
11/30/2022
|
|||||||
Pool Balance
|
$
|
264,059,152.22
|
$
|
270,551,571.74
|
||||
Outstanding Borrower Accrued Interest
|
$
|
12,438,441.12
|
$
|
12,720,215.87
|
||||
Borrower Accrued Interest to be Capitalized
|
$
|
3,165,130.55
|
$
|
3,416,601.06
|
||||
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,194,360.44
|
$
|
1,364,755.58
|
||||
Total # Loans
|
42,635
|
43,823
|
||||||
Total # Borrowers
|
12,331
|
12,670
|
||||||
Weighted Average Coupon
|
6.51%
|
|
6.51%
|
|
||||
Weighted Average Remaining Term
|
173.09
|
171.95
|
||||||
Non-Reimbursable Losses
|
$
|
29,746.09
|
$
|
27,761.89
|
||||
Cumulative Non-Reimbursable Losses
|
$
|
2,536,388.82
|
$
|
2,506,642.73
|
||||
Since Issued Constant Prepayment Rate (CPR)
|
-4.96 %
|
|
-4.71 %
|
|
||||
Loan Substitutions
|
-
|
-
|
||||||
Cumulative Loan Substitutions
|
-
|
-
|
||||||
Rejected Claim Repurchases
|
-
|
-
|
||||||
Cumulative Rejected Claim Repurchases
|
$
|
232,854.41
|
$
|
232,854.41
|
||||
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
Unpaid Administration Fees
|
-
|
-
|
||||||
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
Note Principal Shortfall
|
|
-
|
-
|
|||||
Note Interest Shortfall
|
-
|
-
|
||||||
Unpaid Interest Carryover
|
-
|
-
|
||||||
Non-Cash Principal Activity - Capitalized Interest
|
$
|
988,279.82
|
$
|
758,707.91
|
||||
Borrower Interest Accrued
|
$
|
1,388,189.17
|
$
|
1,387,683.29
|
||||
Interest Subsidy Payments Accrued
|
$
|
37,450.14
|
$
|
37,483.97
|
||||
Special Allowance Payments Accrued
|
$
|
147,649.13
|
$
|
131,430.54
|
Page 5 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
V. |
2013-6 Portfolio Statistics by School and Program
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
- GSL (1) - Subsidized
|
6.07%
|
|
22,305
|
89,363,651.26
|
34.253%
|
|
|||||||||||
- GSL - Unsubsidized
|
6.28%
|
|
19,088
|
134,478,461.31
|
51.545%
|
|
|||||||||||
- PLUS (2) Loans
|
8.43%
|
|
1,242
|
37,051,909.10
|
14.202%
|
|
|||||||||||
- SLS (3) Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
Total
|
6.51%
|
|
42,635
|
$
|
260,894,021.67
|
100.000%
|
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon |
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
- Four Year
|
6.56%
|
|
36,736
|
239,365,230.87
|
91.748%
|
|
|||||||||||
- Two Year
|
5.95%
|
|
5,317
|
19,258,736.31
|
7.382%
|
|
|||||||||||
- Technical
|
6.00%
|
|
529
|
2,102,171.97
|
0.806%
|
|
|||||||||||
- Other
|
4.73%
|
|
53
|
167,882.52
|
0.064%
|
|
|||||||||||
Total
|
6.51%
|
|
42,635
|
$
|
260,894,021.67
|
100.000%
|
|
(1)
|
Guaranteed Stafford Loan
|
(2)
|
Parent Loans for Undergraduate Students
|
(3)
|
Supplemental Loans to Students. The Unsubsidized Stafford Loan program replaced the SLS program on July 1, 1994.
|
Page 6 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
VI. |
2013-6 Waterfall for Distributions
|
|
Paid
|
Remaining Funds Balance
|
|||||||
Total Available Funds
|
$
|
7,859,737.37
|
|||||||
A |
Trustee Fees |
$ | 7,859,737.37 |
||||||
B
|
Primary Servicing Fee
|
$
|
58,486.06
|
$
|
7,801,251.31
|
||||
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
7,794,584.31
|
||||
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
975,961.12
|
$
|
6,818,623.19
|
||||
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
129,976.92
|
$
|
6,688,646.27
|
||||
F
|
Reserve Account Reinstatement
|
-
|
$
|
6,688,646.27
|
|||||
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
6,427,495.32
|
$ |
261,150.95
|
||||
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$ |
261,150.95
|
|||||
I
|
Unpaid Expenses of The Trustees
|
-
|
$ |
261,150.95
|
|||||
J
|
Carryover Servicing Fee
|
-
|
$ |
261,150.95
|
|||||
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$ |
261,150.95
|
|||||
L
|
Excess Distribution Certificateholder
|
$ |
261,150.95
|
-
|
Waterfall Triggers
|
|||||
A
|
Student Loan Principal Outstanding
|
$
|
260,894,021.67
|
||
B
|
Interest to be Capitalized
|
$
|
3,165,130.55
|
||
C
|
Capitalized Interest Account Balance
|
-
|
|||
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
998,463.00
|
||
E
|
Less: Specified Reserve Account Balance
|
$
|
(998,463.00)
|
||
F
|
Total
|
$
|
264,059,152.22
|
||
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
234,018,560.70
|
||
H
|
Insolvency Event or Event of Default Under Indenture
|
N
|
|||
I
|
Available Funds Applied to Class A Noteholders’ Distribution Amount Before Any Amounts are Applied to the Class B Noteholders’ Distribution Amount (G>F or H=Y)
|
N
|
Page 7 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
VII. |
2013-6 Distributions
|
A3
|
B
|
|||||||
Cusip/Isin
|
78448CAG4
|
78448CAH2
|
||||||
Beginning Balance
|
$
|
240,446,056.02
|
$
|
27,400,000.00
|
||||
Index
|
LIBOR
|
LIBOR
|
||||||
Spread/Fixed Rate
|
0.65%
|
|
1.50%
|
|
||||
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
Accrual Period Begin
|
12/27/2022
|
12/27/2022
|
||||||
Accrual Period End
|
1/25/2023
|
1/25/2023
|
||||||
Daycount Fraction
|
0.08055556
|
0.08055556
|
||||||
Interest Rate*
|
5.03871%
|
|
5.88871%
|
|
||||
Accrued Interest Factor
|
0.004058961
|
0.004743683
|
||||||
Current Interest Due
|
$
|
975,961.12
|
$
|
129,976.92
|
||||
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
Total Interest Due
|
$
|
975,961.12
|
$
|
129,976.92
|
||||
Interest Paid
|
$
|
975,961.12
|
$
|
129,976.92
|
||||
Interest Shortfall
|
-
|
-
|
||||||
Principal Paid
|
$
|
6,427,495.32
|
-
|
|||||
Ending Principal Balance
|
$
|
234,018,560.70
|
$
|
27,400,000.00
|
||||
Paydown Factor
|
0.012585658
|
0.000000000
|
||||||
Ending Balance Factor
|
0.458230978
|
1.000000000
|
Page 8 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|
VIII. |
2013-6 Reconciliations
|
A
|
Principal Distribution Reconciliation
|
||||
Notes Outstanding Principal Balance
|
$
|
267,846,056.02
|
|||
Adjusted Pool Balance
|
$
|
264,059,152.22
|
|||
Overcollateralization Amount
|
$
|
2,640,591.52
|
|||
Principal Distribution Amount
|
$
|
6,427,495.32
|
|||
Principal Distribution Amount Paid
|
$
|
6,427,495.32
|
|||
B
|
Reserve Account Reconciliation
|
||||
Beginning Period Balance
|
$
|
998,463.00
|
|||
Reserve Funds Utilized
|
0.00
|
||||
Reserve Funds Reinstated
|
0.00
|
||||
Balance Available
|
$
|
998,463.00
|
|||
Required Reserve Acct Balance
|
$
|
998,463.00
|
|||
Release to Collection Account
|
|
-
|
|||
Ending Reserve Account Balance
|
$
|
998,463.00
|
|||
C
|
Floor Income Rebate Account
|
||||
Beginning Period Balance
|
$
|
180,622.21
|
|||
Deposits for the Period
|
$
|
107,636.50
|
|||
Release to Collection Account
|
$ |
-
|
|||
Ending Balance
|
$
|
288,258.71
|
|||
D
|
Supplemental Purchase Account
|
||||
Beginning Period Balance
|
-
|
||||
Supplemental Loan Purchases
|
-
|
||||
Transfers to Collection Account
|
-
|
||||
Ending Balance
|
-
|
Page 9 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 12/01/2022 - 12/31/2022, Distribution Date 01/25/2023
|