|
Page 1 of 9
|
Trust 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
|
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
08/15/2013
|
03/31/2025
|
04/30/2025
|
|||||||||
| Principal Balance |
$
|
721,402,856.22
|
$
|
135,099,740.22
|
$
|
134,786,866.07
|
|||||||
| Interest to be Capitalized Balance |
12,923,603.00
|
1,354,935.42
|
1,389,167.90
|
||||||||||
| Pool Balance |
$
|
734,326,459.22
|
$
|
136,454,675.64
|
$
|
136,176,033.97
|
|||||||
| Specified Reserve Account Balance |
3,744,487.00
|
- N/A -
|
- N/A -
|
||||||||||
| |
Adjusted Pool(1) |
$
|
738,070,946.22
|
$
|
136,454,675.64
|
$
|
136,176,033.97
|
||||||
|
Weighted Average Coupon (WAC)
|
6.28%
|
|
7.08%
|
|
7.08%
|
|
|||||||
| Number of Loans |
163,648
|
20,635
|
20,413
|
||||||||||
| Aggregate Outstanding Principal Balance - Tbill |
-
|
-
|
|||||||||||
| Aggregate Outstanding Principal Balance - SOFR |
$
|
136,454,675.64
|
$
|
136,176,033.97
|
|||||||||
| Pool Factor |
0.182207436
|
0.181835367
|
|||||||||||
| Since Issued Constant Prepayment Rate |
(43.09)%
|
|
(45.30)%
|
|
|||||||||
|
B
|
Debt Securities
|
Cusip/Isin
|
04/25/2025
|
05/27/2025
|
|||||||
| A |
|
78448AAA1
|
$
|
114,490,128.88
|
$
|
114,214,273.63
|
|||||
| B |
|
78448AAD5
|
$
|
20,600,000.00
|
$
|
20,600,000.00
|
|||||
|
C
|
Account Balances
|
04/25/2025
|
05/27/2025
|
||||||
| Reserve Account Balance |
$
|
748,897.00
|
$
|
748,897.00
|
|||||
| Capitalized Interest Account Balance |
-
|
-
|
|||||||
| Floor Income Rebate Account |
$
|
72,480.90
|
$
|
107,816.59
|
|||||
| Supplemental Loan Purchase Account |
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
04/25/2025
|
05/27/2025
|
||||||
| Adjusted Pool Balance + Supplemental Loan Purchase |
$
|
136,454,675.64
|
$
|
136,176,033.97
|
|||||
| Total Notes |
$
|
135,090,128.88
|
$
|
134,814,273.63
|
|||||
| Difference |
$
|
1,364,546.76
|
$
|
1,361,760.34
|
|||||
| Parity Ratio |
1.01010
|
1.01010
|
|||||||
|
Page 2 of 9
|
Trust 2013-4 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
|
425,729.41
|
||||
|
Guarantor Principal
|
650,248.86
|
||||
|
Consolidation Activity Principal
|
29,819.95
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,105,798.22
|
|||
| B |
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
191,967.86
|
||||
|
Guarantor Interest
|
22,557.43
|
||||
|
Consolidation Activity Interest
|
386.74
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
95.34
|
|
|||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
8,059.48
|
||||
|
Total Interest Receipts
|
$
|
223,066.85
|
|||
| C |
Reserves in Excess of Requirement
|
|
-
|
||
| D |
Investment Income
|
$
|
8,623.88
|
||
|
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
|
$
|
(35,335.69)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
1,302,153.26
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(792,924.07)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
18,982.23
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
|
| III. |
2013-4 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
|
6.81%
|
|
18
|
$
|
153,417.00
|
0.114%
|
|
6.81%
|
|
18
|
$
|
153,417.00
|
0.114%
|
|
||||||||||||||||||
| GRACE |
6.80%
|
|
2
|
$
|
2,105.07
|
0.002%
|
|
6.80%
|
|
2
|
$
|
2,105.07
|
0.002%
|
|
|||||||||||||||||||
| DEFERMENT |
6.87%
|
|
1,093
|
$
|
6,945,106.68
|
5.153%
|
|
6.90%
|
|
1,140
|
$
|
7,294,026.28
|
5.399%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
7.07%
|
|
13,283
|
$
|
79,358,113.41
|
58.877%
|
|
7.08%
|
|
13,298
|
$
|
79,702,560.91
|
58.995%
|
|
||||||||||||||||||
| 31-60 DAYS DELINQUENT |
7.09%
|
|
787
|
$
|
6,018,411.94
|
4.465%
|
|
7.06%
|
|
1,059
|
$
|
8,398,049.67
|
6.216%
|
|
|||||||||||||||||||
| 61-90 DAYS DELINQUENT |
7.03%
|
|
702
|
$
|
5,629,721.24
|
4.177%
|
|
7.04%
|
|
766
|
$
|
6,135,787.03
|
4.542%
|
|
|||||||||||||||||||
| 91-120 DAYS DELINQUENT |
7.01%
|
|
554
|
$
|
4,468,752.80
|
3.315%
|
|
7.13%
|
|
334
|
$
|
2,654,186.89
|
1.965%
|
|
|||||||||||||||||||
| > 120 DAYS DELINQUENT |
7.13%
|
|
1,179
|
$
|
9,096,297.44
|
6.749%
|
|
7.17%
|
|
1,259
|
$
|
10,032,806.15
|
7.426%
|
|
|||||||||||||||||||
| FORBEARANCE |
7.16%
|
|
2,677
|
$
|
22,215,942.57
|
16.482%
|
|
7.10%
|
|
2,617
|
$
|
19,682,286.29
|
14.569%
|
|
|||||||||||||||||||
| CLAIMS IN PROCESS |
7.20%
|
|
118
|
$
|
898,997.92
|
0.667%
|
|
7.02%
|
|
142
|
$
|
1,044,514.93
|
0.773%
|
|
|||||||||||||||||||
|
TOTAL
|
20,413
|
$
|
134,786,866.07
|
100.00%
|
|
20,635
|
$
|
135,099,740.22
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
|
| IV. |
2013-4 Portfolio Characteristics (cont'd)
|
|
04/30/2025
|
03/31/2025
|
|||||||
|
Pool Balance
|
$
|
136,176,033.97
|
$
|
136,454,675.64
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
6,715,995.36
|
$
|
6,985,110.83
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
1,389,167.90
|
$
|
1,354,935.42
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
900,466.51
|
$
|
987,058.73
|
||||
|
Total # Loans
|
20,413
|
20,635
|
||||||
|
Total # Borrowers
|
6,534
|
6,613
|
||||||
|
Weighted Average Coupon
|
7.08%
|
|
7.08%
|
|
||||
|
Weighted Average Remaining Term
|
189.28
|
188.24
|
||||||
|
Non-Reimbursable Losses
|
$
|
18,982.23
|
$
|
8,784.64
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
2,668,560.32
|
$
|
2,649,578.09
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-45.30 %
|
|
-43.09 %
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
145,788.07
|
$
|
145,788.07
|
||||
|
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
|
$
|
814,151.06
|
$
|
648,838.19
|
||||
|
Borrower Interest Accrued
|
$
|
755,259.53
|
$
|
782,513.52
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
22,166.79
|
$
|
24,109.37
|
||||
|
Special Allowance Payments Accrued
|
$
|
28,987.55
|
$
|
30,549.64
|
||||
|
Page 5 of 9
|
Trust 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
|
| V. |
2013-4 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
| |
- GSL (1) - Subsidized |
6.90%
|
|
10,944
|
49,717,565.06
|
36.886%
|
|
||||||||||
| - GSL - Unsubsidized |
6.91%
|
|
8,875
|
70,431,393.29
|
52.254%
|
|
|||||||||||
| |
- PLUS (2) Loans |
8.50%
|
|
594
|
14,637,907.72
|
10.860%
|
|
||||||||||
| |
- SLS (3) Loans |
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
| - Consolidation Loans |
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
| Total |
7.08%
|
|
20,413
|
$
|
134,786,866.07
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
| - Four Year |
7.08%
|
|
18,014
|
124,892,593.74
|
92.659%
|
|
|||||||||||
| - Two Year |
6.98%
|
|
1,992
|
8,267,932.57
|
6.134%
|
|
|||||||||||
| - Technical |
7.03%
|
|
407
|
1,626,339.76
|
1.207%
|
|
|||||||||||
| - Other |
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
| Total |
7.08%
|
|
20,413
|
$
|
134,786,866.07
|
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 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
|
| VI. |
2013-4 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
1,302,153.26
|
|||||||
| A |
Trustee Fees |
- |
$ |
1,302,153.26 |
|||||
| B |
Primary Servicing Fee
|
$
|
32,517.03
|
$
|
1,269,636.23
|
||||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
1,262,969.23
|
||||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
510,694.16
|
$
|
752,275.07
|
||||
| E |
Class B Noteholders' Interest Distribution Amount
|
$
|
109,283.82
|
$
|
642,991.25
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
642,991.25
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
275,855.25
|
$ |
367,136.00
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$ |
367,136.00
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$ |
367,136.00
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
$ |
367,136.00
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$ |
367,136.00
|
|||||
|
L
|
Excess Distribution Certificateholder
|
$ |
367,136.00
|
-
|
|||||
|
Waterfall Triggers
|
|||||
| A |
Student Loan Principal Outstanding
|
$
|
134,786,866.07
|
||
| B |
Interest to be Capitalized
|
$
|
1,389,167.90
|
||
| C |
Capitalized Interest Account Balance
|
-
|
|||
| D |
Reserve Account Balance (after any reinstatement)
|
$
|
748,897.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(748,897.00)
|
|
|
|
F
|
Total
|
$
|
136,176,033.97
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
114,214,273.63
|
||
|
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 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
|
| VII. |
2013-4 Distributions
|
| A |
|
B |
|
|||||
|
Cusip/Isin
|
78448AAA1
|
78448AAD5
|
||||||
|
Beginning Balance
|
$
|
114,490,128.88
|
$
|
20,600,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.55%
|
|
1.50%
|
|
||||
|
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*
|
5.01817%
|
|
5.96817%
|
|
||||
|
Accrued Interest Factor
|
0.004460596
|
0.005305040
|
||||||
|
Current Interest Due
|
$
|
510,694.16
|
$
|
109,283.82
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
510,694.16
|
$
|
109,283.82
|
||||
|
Interest Paid
|
$
|
510,694.16
|
$
|
109,283.82
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
275,855.25
|
-
|
|||||
|
Ending Principal Balance
|
$
|
114,214,273.63
|
$
|
20,600,000.00
|
||||
|
Paydown Factor
|
0.000379966
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.157319936
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
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| VIII. |
2013-4 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
| Notes Outstanding Principal Balance |
$
|
135,090,128.88
|
|||
| Adjusted Pool Balance |
$
|
136,176,033.97
|
|||
| Overcollateralization Amount |
$
|
1,361,760.34
|
|||
| Principal Distribution Amount |
$
|
275,855.25
|
|||
| Principal Distribution Amount Paid |
$
|
275,855.25
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
| Beginning Period Balance |
$
|
748,897.00
|
|||
| Reserve Funds Utilized |
0.00
|
||||
| Reserve Funds Reinstated |
0.00
|
||||
| Balance Available |
$
|
748,897.00
|
|||
| Required Reserve Acct Balance |
$
|
748,897.00
|
|||
| Release to Collection Account |
|
-
|
|||
| Ending Reserve Account Balance |
$
|
748,897.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
| Beginning Period Balance |
$
|
72,480.90
|
|||
| Deposits for the Period |
$
|
35,335.69
|
|||
| Release to Collection Account |
-
|
|
|||
| Ending Balance |
$
|
107,816.59
|
|||
|
D
|
Supplemental Purchase Account
|
||||
| Beginning Period Balance |
-
|
||||
| Supplemental Loan Purchases |
-
|
||||
| Transfers to Collection Account |
-
|
||||
| Ending Balance |
-
|
||||
|
Page 9 of 9
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Trust 2013-4 Monthly Servicing Report: Collection Period 04/01/2025 - 04/30/2025, Distribution Date 05/27/2025
|