|
Page 1 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
09/20/2012
|
05/31/2025
|
06/30/2025
|
|||||||||
|
Principal Balance
|
$
|
1,181,065,142.80
|
$
|
199,014,517.48
|
$
|
196,773,043.71
|
|||||||
|
|
Interest to be Capitalized Balance
|
42,536,761.45
|
2,347,350.63
|
2,365,991.34
|
|||||||||
|
Pool Balance
|
$
|
1,223,601,904.25
|
$
|
201,361,868.11
|
$
|
199,139,035.05
|
|||||||
|
|
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
|
$
|
201,361,868.11
|
$
|
199,139,035.05
|
||||||
|
|
Weighted Average Coupon (WAC)
|
6.70%
|
|
7.07%
|
|
7.07%
|
|
||||||
|
|
Number of Loans
|
245,812
|
27,947
|
27,597
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
964,029.59
|
$
|
973,087.06
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
200,397,838.52
|
$
|
198,165,947.99
|
||||||||
|
|
Pool Factor
|
0.161400829
|
0.159619126
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
(75.14)%
|
|
(76.45)%
|
|
||||||||
| (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
|
06/25/2025
|
07/25/2025
|
|||||||
|
A3
|
78447GAC5
|
$
|
161,948,249.43
|
$
|
159,747,644.70
|
||||||
| B |
78447GAD3
|
$
|
37,400,000.00
|
$
|
37,400,000.00
|
||||||
|
C
|
Account Balances
|
06/25/2025
|
07/25/2025
|
||||||
|
Reserve Account Balance
|
$
|
1,247,589.00
|
$
|
1,247,589.00
|
|||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
89,186.34
|
$
|
176,334.19
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
06/25/2025
|
07/25/2025
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
201,361,868.11
|
$
|
199,139,035.05
|
||||
|
|
Total Notes
|
$
|
199,348,249.43
|
$
|
197,147,644.70
|
||||
|
|
Difference
|
$
|
2,013,618.68
|
$
|
1,991,390.35
|
||||
|
|
Parity Ratio
|
1.01010
|
1.01010
|
||||||
|
Page 2 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
| II. |
Trust Activity 06/01/2025 through 06/30/2025
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
541,534.64
|
||||
|
Guarantor Principal
|
929,433.00
|
||||
|
Consolidation Activity Principal
|
1,357,045.45
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,828,013.09
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
315,107.88
|
||||
|
Guarantor Interest
|
40,134.96
|
||||
|
Consolidation Activity Interest
|
44,307.50
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
0.00
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
29,293.04
|
||||
|
Total Interest Receipts
|
$
|
428,843.38
|
|||
| C |
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
15,759.23
|
||
|
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
|
$
|
(87,147.85)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
3,185,467.85
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(586,539.32)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
29,020.95
|
||
|
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 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
| III. |
2012-6 Portfolio Characteristics
|
|
06/30/2025
|
05/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.82%
|
|
23
|
$
|
111,198.00
|
0.057%
|
|
6.83%
|
|
21
|
$
|
97,503.00
|
0.049%
|
|
||||||||||||||||||
|
GRACE
|
6.83%
|
|
5
|
$
|
17,736.00
|
0.009%
|
|
6.80%
|
|
7
|
$
|
31,431.00
|
0.016%
|
|
|||||||||||||||||||
|
DEFERMENT
|
6.94%
|
|
1,690
|
$
|
10,882,828.67
|
5.531%
|
|
6.97%
|
|
1,697
|
$
|
11,175,925.09
|
5.616%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
7.09%
|
|
18,060
|
$
|
120,696,669.21
|
61.338%
|
|
7.10%
|
|
18,298
|
$
|
122,734,802.91
|
61.671%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
7.06%
|
|
1,117
|
$
|
9,210,881.17
|
4.681%
|
|
7.08%
|
|
1,204
|
$
|
10,186,036.97
|
5.118%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
7.09%
|
|
880
|
$
|
7,845,597.56
|
3.987%
|
|
6.94%
|
|
620
|
$
|
4,744,825.40
|
2.384%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.99%
|
|
436
|
$
|
3,262,809.15
|
1.658%
|
|
6.97%
|
|
627
|
$
|
4,921,244.28
|
2.473%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.99%
|
|
1,955
|
$
|
16,214,426.23
|
8.240%
|
|
6.98%
|
|
1,710
|
$
|
13,899,389.45
|
6.984%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
7.07%
|
|
3,252
|
$
|
27,105,879.33
|
13.775%
|
|
7.08%
|
|
3,513
|
$
|
29,233,887.85
|
14.689%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.96%
|
|
179
|
$
|
1,425,018.39
|
0.724%
|
|
7.02%
|
|
250
|
$
|
1,989,471.53
|
1.000%
|
|
||||||||||||||||||
|
TOTAL
|
27,597
|
$
|
196,773,043.71
|
100.00%
|
|
27,947
|
$
|
199,014,517.48
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
|
IV.
|
2012-6 Portfolio Characteristics (cont'd)
|
|
06/30/2025
|
05/31/2025
|
|||||||
|
Pool Balance
|
$
|
199,139,035.05
|
$
|
201,361,868.11
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
9,996,383.59
|
$
|
9,907,688.44
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,365,991.34
|
$
|
2,347,350.63
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,333,426.57
|
$
|
1,259,992.07
|
||||
|
Total # Loans
|
27,597
|
27,947
|
||||||
|
Total # Borrowers
|
12,466
|
12,646
|
||||||
|
Weighted Average Coupon
|
7.07%
|
|
7.07%
|
|
||||
|
Weighted Average Remaining Term
|
193.66
|
192.63
|
||||||
|
Non-Reimbursable Losses
|
$
|
29,020.95
|
$
|
13,332.19
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,496,614.61
|
$
|
6,467,593.66
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-76.45%
|
|
-75.14%
|
|
||||
|
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
|
$
|
615,448.12
|
$
|
843,053.76
|
||||
|
Borrower Interest Accrued
|
$
|
1,104,562.39
|
$
|
1,151,949.90
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
30,865.94
|
$
|
31,979.34
|
||||
|
Special Allowance Payments Accrued
|
$
|
36,563.39
|
$
|
39,313.58
|
||||
|
Page 5 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
|
V.
|
2012-6 Portfolio Statistics by School and Program
|
| A |
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- GSL (1) - Subsidized
|
6.73%
|
|
13,993
|
64,541,445.97
|
32.800%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.87%
|
|
12,408
|
103,182,376.04
|
52.437%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.50%
|
|
1,162
|
28,666,031.49
|
14.568%
|
|
|||||||||||
|
- SLS (3) Loans
|
8.23%
|
|
34
|
383,190.21
|
0.195%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
7.07%
|
|
27,597
|
$
|
196,773,043.71
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- Four Year
|
7.10%
|
|
22,411
|
170,031,095.59
|
86.410%
|
|
|||||||||||
|
- Two Year
|
6.83%
|
|
4,358
|
22,512,300.11
|
11.441%
|
|
|||||||||||
|
- Technical
|
6.90%
|
|
818
|
4,183,936.98
|
2.126%
|
|
|||||||||||
|
- Other
|
7.11%
|
|
10
|
45,711.03
|
0.023%
|
|
|||||||||||
|
Total
|
7.07%
|
|
27,597
|
$
|
196,773,043.71
|
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 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
|
VI.
|
2012-6 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
|||||||
|
Total Available Funds
|
$
|
3,185,467.85
|
||||||
| A |
Trustee Fees |
- |
$ |
3,185,467.85 |
||||
|
B
|
Primary Servicing Fee
|
$
|
63,829.70
|
$
|
3,121,638.15
|
|||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
3,114,971.15
|
|||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
697,679.81
|
$
|
2,417,291.34
|
|||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
168,912.43
|
$
|
2,248,378.91
|
|||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
2,248,378.91
|
||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
2,200,604.73
|
$
|
47,774.18
|
|||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
47,774.18
|
||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
47,774.18
|
||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
47,774.18
|
||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
47,774.18
|
||||
|
L
|
Excess Distribution Certificateholder
|
$
|
47,774.18
|
-
|
||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
196,773,043.71
|
||
|
B
|
Interest to be Capitalized
|
$
|
2,365,991.34
|
||
|
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
|
$
|
199,139,035.05
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
159,747,644.70
|
||
|
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 2012-6 Monthly Servicing Report: Collection Period 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
|
VII.
|
2012-6 Distributions
|
|
A3
|
B | |||||||
|
Cusip/Isin
|
78447GAC5
|
78447GAD3
|
||||||
|
Beginning Balance
|
$
|
161,948,249.43
|
$
|
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
|
6/25/2025
|
6/25/2025
|
||||||
|
Accrual Period End
|
7/25/2025
|
7/25/2025
|
||||||
|
Daycount Fraction
|
0.08333333
|
0.08333333
|
||||||
|
Interest Rate*
|
5.16965%
|
|
5.41965%
|
|
||||
|
Accrued Interest Factor
|
0.004308042
|
0.004516375
|
||||||
|
Current Interest Due
|
$
|
697,679.81
|
$
|
168,912.43
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
697,679.81
|
$
|
168,912.43
|
||||
|
Interest Paid
|
$
|
697,679.81
|
$
|
168,912.43
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
2,200,604.73
|
-
|
|||||
|
Ending Principal Balance
|
$
|
159,747,644.70
|
$
|
37,400,000.00
|
||||
|
Paydown Factor
|
0.003827139
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.277821991
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |
|
VIII.
|
2012-6 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
199,348,249.43
|
||
|
|
Adjusted Pool Balance
|
$
|
199,139,035.05
|
||
|
|
Overcollateralization Amount
|
$
|
1,991,390.35
|
||
|
|
Principal Distribution Amount
|
$
|
2,200,604.73
|
||
|
Principal Distribution Amount Paid
|
$
|
2,200,604.73
|
|||
|
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
|
$
|
89,186.34
|
|||
|
Deposits for the Period
|
$
|
87,147.85
|
|||
|
|
Release to Collection Account
|
|
-
|
|
|
|
|
Ending Balance
|
$
|
176,334.19
|
||
|
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 06/01/2025 - 06/30/2025, Distribution Date 07/25/2025 |