|
Page 1 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
09/20/2012
|
03/31/2025
|
04/30/2025
|
|||||||||
|
Principal Balance
|
$
|
1,181,065,142.80
|
$
|
200,868,630.59
|
$
|
200,109,559.69
|
|||||||
|
|
Interest to be Capitalized Balance
|
42,536,761.45
|
2,282,080.61
|
2,324,098.99
|
|||||||||
|
Pool Balance
|
$
|
1,223,601,904.25
|
$
|
203,150,711.20
|
$
|
202,433,658.68
|
|||||||
|
|
Capitalized Interest Account Balance
|
$
|
10,000,000.00
|
-
|
-
|
||||||||
|
|
Specified Reserve Account Balance
|
3,118,972.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
1,236,720,876.25
|
$
|
203,150,711.20
|
$
|
202,433,658.68
|
||||||
|
|
Weighted Average Coupon (WAC)
|
6.70%
|
|
7.07%
|
|
7.07%
|
|
||||||
|
|
Number of Loans
|
245,812
|
28,464
|
28,229
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
954,632.30
|
$
|
959,575.33
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
202,196,078.90
|
$
|
201,474,083.35
|
||||||||
|
|
Pool Factor
|
0.162834669
|
0.162259918
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
(73.04)%
|
|
(74.03)%
|
|
||||||||
| (1) |
The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than 40% of the original pool.
|
|
B
|
Debt Securities
|
Cusip/Isin
|
04/25/2025
|
05/27/2025
|
|||||||
|
A3
|
78447GAC5
|
$
|
163,719,204.09
|
$
|
163,009,322.09
|
||||||
| B |
78447GAD3
|
$
|
37,400,000.00
|
$
|
37,400,000.00
|
||||||
|
C
|
Account Balances
|
04/25/2025
|
05/27/2025
|
||||||
|
Reserve Account Balance
|
$
|
1,247,589.00
|
$
|
1,247,589.00
|
|||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
173,313.96
|
$
|
258,516.79
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
04/25/2025
|
05/27/2025
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
203,150,711.20
|
$
|
202,433,658.68
|
||||
|
|
Total Notes
|
$
|
201,119,204.09
|
$
|
200,409,322.09
|
||||
|
|
Difference
|
$
|
2,031,507.11
|
$
|
2,024,336.59
|
||||
|
|
Parity Ratio
|
1.01010
|
1.01010
|
||||||
|
Page 2 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
| II. |
Trust Activity 04/01/2025 through 04/30/2025
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
489,515.90
|
||||
|
Guarantor Principal
|
943,251.37
|
||||
|
Consolidation Activity Principal
|
84,416.60
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,517,183.87
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
305,699.13
|
||||
|
Guarantor Interest
|
43,292.65
|
||||
|
Consolidation Activity Interest
|
1,128.78
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
276.73
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
14,774.59
|
||||
|
Total Interest Receipts
|
$
|
365,171.88
|
|||
| C |
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
13,217.48
|
||
|
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
|
$
|
(85,202.83)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
1,810,370.40
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(758,112.97)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
28,851.97
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
| III. |
2012-6 Portfolio Characteristics
|
|
04/30/2025
|
03/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.83%
|
|
24
|
$
|
111,934.00
|
0.056%
|
|
6.82%
|
|
26
|
$
|
120,434.00
|
0.060%
|
|
||||||||||||||||||
|
GRACE
|
6.80%
|
|
4
|
$
|
17,000.00
|
0.008%
|
|
6.80%
|
|
2
|
$
|
8,500.00
|
0.004%
|
|
|||||||||||||||||||
|
DEFERMENT
|
6.96%
|
|
1,837
|
$
|
11,886,050.54
|
5.940%
|
|
6.97%
|
|
1,824
|
$
|
11,632,104.33
|
5.791%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
7.11%
|
|
18,541
|
$
|
123,993,323.66
|
61.963%
|
|
7.10%
|
|
18,379
|
$
|
122,389,645.65
|
60.930%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.92%
|
|
927
|
$
|
6,953,957.19
|
3.475%
|
|
7.05%
|
|
1,250
|
$
|
9,933,219.73
|
4.945%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
7.03%
|
|
878
|
$
|
7,027,714.77
|
3.512%
|
|
7.04%
|
|
932
|
$
|
7,894,817.31
|
3.930%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
7.01%
|
|
624
|
$
|
5,520,013.05
|
2.758%
|
|
7.01%
|
|
478
|
$
|
3,565,712.15
|
1.775%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.96%
|
|
1,691
|
$
|
13,086,305.63
|
6.540%
|
|
6.97%
|
|
1,725
|
$
|
13,429,508.43
|
6.686%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
7.09%
|
|
3,503
|
$
|
29,941,921.76
|
14.963%
|
|
7.06%
|
|
3,647
|
$
|
30,236,494.75
|
15.053%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
7.04%
|
|
200
|
$
|
1,571,339.09
|
0.785%
|
|
7.06%
|
|
201
|
$
|
1,658,194.24
|
0.826%
|
|
||||||||||||||||||
|
TOTAL
|
28,229
|
$
|
200,109,559.69
|
100.00%
|
|
28,464
|
$
|
200,868,630.59
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
|
IV.
|
2012-6 Portfolio Characteristics (cont'd)
|
|
04/30/2025
|
03/31/2025
|
|||||||
|
Pool Balance
|
$
|
202,433,658.68
|
$
|
203,150,711.20
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
9,921,171.06
|
$
|
9,940,563.14
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,324,098.99
|
$
|
2,282,080.61
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,186,554.89
|
$
|
1,223,238.99
|
||||
|
Total # Loans
|
28,229
|
28,464
|
||||||
|
Total # Borrowers
|
12,778
|
12,890
|
||||||
|
Weighted Average Coupon
|
7.07%
|
|
7.07%
|
|
||||
|
Weighted Average Remaining Term
|
191.47
|
190.58
|
||||||
|
Non-Reimbursable Losses
|
$
|
28,851.97
|
$
|
14,045.97
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,454,261.47
|
$
|
6,425,409.50
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-74.03%
|
|
-73.04%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
606,646.74
|
$
|
606,646.74
|
||||
|
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
|
$
|
786,960.15
|
$
|
863,597.76
|
||||
|
Borrower Interest Accrued
|
$
|
1,120,761.94
|
$
|
1,163,608.14
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
31,614.55
|
$
|
31,867.61
|
||||
|
Special Allowance Payments Accrued
|
$
|
39,620.26
|
$
|
41,073.68
|
||||
|
Page 5 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
|
V.
|
2012-6 Portfolio Statistics by School and Program
|
| A |
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- GSL (1) - Subsidized
|
6.73%
|
|
14,319
|
65,611,611.15
|
32.788%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.87%
|
|
12,680
|
104,437,620.03
|
52.190%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.50%
|
|
1,196
|
29,685,331.22
|
14.835%
|
|
|||||||||||
|
- SLS (3) Loans
|
8.23%
|
|
34
|
374,997.29
|
0.187%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
7.07%
|
|
28,229
|
$
|
200,109,559.69
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- Four Year
|
7.11%
|
|
22,980
|
173,160,429.80
|
86.533%
|
|
|||||||||||
|
- Two Year
|
6.84%
|
|
4,483
|
22,982,430.66
|
11.485%
|
|
|||||||||||
|
- Technical
|
6.91%
|
|
755
|
3,917,517.77
|
1.958%
|
|
|||||||||||
|
- Other
|
7.29%
|
|
11
|
49,181.46
|
0.025%
|
|
|||||||||||
|
Total
|
7.07%
|
|
28,229
|
$
|
200,109,559.69
|
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 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
|
VI.
|
2012-6 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
|||||||
|
Total Available Funds
|
$
|
1,810,370.40
|
||||||
| A |
Trustee Fees |
- |
$ |
1,810,370.40 | ||||
|
B
|
Primary Servicing Fee
|
$
|
65,051.09
|
$
|
1,745,319.31
|
|||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
1,738,652.31
|
|||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
759,390.79
|
$
|
979,261.52
|
|||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
181,786.27
|
$
|
797,475.25
|
|||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
797,475.25
|
||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
709,882.00
|
$
|
87,593.25
|
|||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
87,593.25
|
||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
87,593.25
|
||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
87,593.25
|
||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
87,593.25
|
||||
|
L
|
Excess Distribution Certificateholder
|
$
|
87,593.25
|
-
|
||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
200,109,559.69
|
||
|
B
|
Interest to be Capitalized
|
$
|
2,324,098.99
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,247,589.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(1,247,589.00)
|
|
|
|
F
|
Total
|
$
|
202,433,658.68
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
163,009,322.09
|
||
|
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 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
|
VII.
|
2012-6 Distributions
|
|
A3
|
B | |||||||
|
Cusip/Isin
|
78447GAC5
|
78447GAD3
|
||||||
|
Beginning Balance
|
$
|
163,719,204.09
|
$
|
37,400,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.75%
|
|
1.00%
|
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
4/25/2025
|
4/25/2025
|
||||||
|
Accrual Period End
|
5/27/2025
|
5/27/2025
|
||||||
|
Daycount Fraction
|
0.08888889
|
0.08888889
|
||||||
|
Interest Rate*
|
5.21817%
|
|
5.46817%
|
|
||||
|
Accrued Interest Factor
|
0.004638373
|
0.004860595
|
||||||
|
Current Interest Due
|
$
|
759,390.79
|
$
|
181,786.27
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
759,390.79
|
$
|
181,786.27
|
||||
|
Interest Paid
|
$
|
759,390.79
|
$
|
181,786.27
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
709,882.00
|
-
|
|||||
|
Ending Principal Balance
|
$
|
163,009,322.09
|
$
|
37,400,000.00
|
||||
|
Paydown Factor
|
0.001234577
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.283494473
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |
|
VIII.
|
2012-6 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
201,119,204.09
|
||
|
|
Adjusted Pool Balance
|
$
|
202,433,658.68
|
||
|
|
Overcollateralization Amount
|
$
|
2,024,336.59
|
||
|
|
Principal Distribution Amount
|
$
|
709,882.00
|
||
|
Principal Distribution Amount Paid
|
$
|
709,882.00
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
1,247,589.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
1,247,589.00
|
|||
|
|
Required Reserve Acct Balance
|
$
|
1,247,589.00
|
||
|
|
Release to Collection Account
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
1,247,589.00
|
|||
|
C
|
Capitalized Interest Account
|
||||
|
|
Beginning Period Balance
|
-
|
|||
|
|
Transfers to Collection Account
|
-
|
|||
|
|
Ending Balance
|
-
|
|||
|
D
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
173,313.96
|
|||
|
Deposits for the Period
|
$
|
85,202.83
|
|||
|
|
Release to Collection Account
|
|
-
|
|
|
|
|
Ending Balance
|
$
|
258,516.79
|
||
|
E
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
|
Supplemental Loan Purchases
|
-
|
|||
|
Transfers to Collection Account
|
-
|
||||
|
|
Ending Balance
|
-
|
|||
|
Page 9 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025 |