|
Page 1 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| I. |
Deal Parameters
|
| A |
Student Loan Portfolio Characteristics
|
06/20/2013
|
06/30/2025
|
07/31/2025
|
|||||||||
|
Principal Balance
|
$
|
1,205,799,342.60
|
$
|
261,852,765.05
|
$
|
259,235,008.66
|
|||||||
|
Interest to be Capitalized Balance
|
25,233,370.46
|
2,960,506.12
|
2,996,002.57
|
||||||||||
|
Pool Balance
|
$
|
1,231,032,713.06
|
$
|
264,813,271.17
|
$
|
262,231,011.23
|
|||||||
|
Specified Reserve Account Balance
|
6,249,953.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool(1)
|
$
|
1,237,282,666.06
|
$
|
264,813,271.17
|
$
|
262,231,011.23
|
|||||||
|
Weighted Average Coupon (WAC)
|
6.58
|
%
|
6.92
|
%
|
6.86
|
%
|
|||||||
|
Number of Loans
|
277,088
|
38,528
|
38,036
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
499,966.27
|
$
|
500,571.47
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
264,313,304.90
|
$
|
261,730,439.76
|
|||||||||
|
Pool Factor
|
0.211852193
|
0.209786370
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
(73.53
|
)%
|
(76.31
|
)%
|
|||||||||
|
(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
|
07/25/2025
|
08/25/2025
|
|||||||
|
A3
|
78447YAC6
|
$
|
227,165,138.46
|
$
|
224,608,701.12
|
||||||
| B |
|
78447YAD4
|
$
|
35,000,000.00
|
$
|
35,000,000.00
|
|||||
|
C
|
Account Balances
|
07/25/2025
|
08/25/2025
|
||||||
| Reserve Account Balance |
$
|
1,249,991.00
|
$
|
1,249,991.00
|
|||||
| Capitalized Interest Account Balance |
-
|
-
|
|||||||
| Floor Income Rebate Account |
$
|
141,937.66
|
$
|
208,540.13
|
|||||
| Supplemental Loan Purchase Account |
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
07/25/2025
|
08/25/2025
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
264,813,271.17
|
$
|
262,231,011.23
|
|||||
|
Total Notes
|
$
|
262,165,138.46
|
$
|
259,608,701.12
|
|||||
|
Difference
|
$
|
2,648,132.71
|
$
|
2,622,310.11
|
|||||
|
Parity Ratio
|
1.01010
|
1.01010
|
|||||||
|
Page 2 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| II. |
Trust Activity 07/01/2025 through 07/31/2025
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
643,485.40
|
||||
|
Guarantor Principal
|
1,540,456.63
|
||||
|
Consolidation Activity Principal
|
1,421,028.56
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$ | 3,604,970.59 |
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
335,379.84
|
||||
|
Guarantor Interest
|
48,753.95
|
||||
|
Consolidation Activity Interest
|
51,194.96
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
278.97
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
28,887.59
|
||||
|
Total Interest Receipts
|
$
|
464,495.31
|
|||
|
C
|
Reserves in Excess of Requirement
|
-
|
|||
|
D
|
Investment Income
|
$
|
21,243.32
|
||
| 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
|
$
|
(66,602.47
|
) |
||
| M |
AVAILABLE FUNDS
|
$ | 4,024,106.75 |
||
| N |
Non-Cash Principal Activity During Collection Period
|
$
|
(987,214.20)
|
||
| O |
Non-Reimbursable Losses During Collection Period
|
$
|
42,676.02
|
||
| P |
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
| Q |
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| III. |
2013-3 Portfolio Characteristics
|
|
07/31/2025
|
06/30/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.76%
|
|
43
|
$
|
234,809.56
|
0.091%
|
|
6.80%
|
|
45
|
$
|
246,687.56
|
0.094%
|
|
||||||||||||||||||
|
|
GRACE |
6.80%
|
|
6
|
$
|
35,620.50
|
0.014%
|
|
6.80%
|
|
4
|
$
|
23,742.50
|
0.009%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
6.72%
|
|
2,281
|
$
|
15,658,525.81
|
6.040%
|
|
6.79%
|
|
2,285
|
$
|
15,380,615.75
|
5.874%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.86%
|
|
24,395
|
$
|
152,884,356.59
|
58.975%
|
|
6.93%
|
|
24,819
|
$
|
155,497,836.88
|
59.384%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.81%
|
|
1,609
|
$
|
12,627,064.77
|
4.871%
|
|
6.96%
|
|
1,847
|
$
|
14,142,463.29
|
5.401%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.94%
|
|
1,093
|
$
|
8,616,333.74
|
3.324%
|
|
6.88%
|
|
1,180
|
$
|
9,787,568.17
|
3.738%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.86%
|
|
804
|
$
|
6,720,574.15
|
2.592%
|
|
6.99%
|
|
718
|
$
|
5,490,537.03
|
2.097%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.87%
|
|
2,672
|
$
|
21,494,574.49
|
8.292%
|
|
6.90%
|
|
2,692
|
$
|
21,655,389.04
|
8.270%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.87%
|
|
4,862
|
$
|
39,015,810.67
|
15.050%
|
|
6.94%
|
|
4,623
|
$
|
37,064,184.77
|
14.155%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.87%
|
|
271
|
$
|
1,947,338.38
|
0.751%
|
|
7.02%
|
|
315
|
$
|
2,563,740.06
|
0.979%
|
|
||||||||||||||||||
|
TOTAL
|
38,036
|
$
|
259,235,008.66
|
100.00%
|
|
38,528
|
$
|
261,852,765.05
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| IV. |
2013-3 Portfolio Characteristics (cont'd)
|
|
07/31/2025
|
06/30/2025
|
|||||||
|
Pool Balance
|
$
|
262,231,011.23
|
$
|
264,813,271.17
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
12,415,505.21
|
$
|
12,431,610.45
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,996,002.57
|
$
|
2,960,506.12
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,713,980.83
|
$
|
1,781,421.55
|
||||
|
Total # Loans
|
38,036
|
38,528
|
||||||
|
Total # Borrowers
|
15,762
|
15,964
|
||||||
|
Weighted Average Coupon
|
6.86
|
%
|
6.92
|
%
|
||||
|
Weighted Average Remaining Term
|
197.71
|
197.15
|
||||||
|
Non-Reimbursable Losses
|
$
|
42,676.02
|
$
|
36,700.04
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,322,918.57
|
$
|
6,280,242.55
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-76.31
|
%
|
-73.53
|
%
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
587,377.65
|
$
|
587,377.65
|
||||
|
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
|
$
|
1,030,083.90
|
$
|
973,077.02
|
||||
|
Borrower Interest Accrued
|
$
|
1,454,411.79
|
$
|
1,435,659.01
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
52,230.55
|
$
|
49,818.27
|
||||
|
Special Allowance Payments Accrued
|
$
|
51,084.78
|
$
|
44,394.33
|
||||
|
Page 5 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| V. |
2013-3 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%
|
*
|
|||||||||||
|
- GSL (1) - Subsidized
|
6.74
|
%
|
20,178
|
100,810,074.93
|
38.888
|
%
|
|||||||||||
|
- GSL - Unsubsidized
|
6.78
|
%
|
17,125
|
144,573,966.26
|
55.769
|
%
|
|||||||||||
|
- PLUS (2) Loans
|
8.46
|
%
|
733
|
13,850,967.47
|
5.343
|
%
|
|||||||||||
|
- SLS (3) Loans
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
|||||||||||
|
- Consolidation Loans
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
|||||||||||
|
Total
|
6.86
|
%
|
38,036
|
$
|
259,235,008.66
|
100.000
|
%
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%
|
*
|
|||||||||||
|
- Four Year
|
6.86
|
%
|
32,399
|
229,909,176.20
|
88.688
|
%
|
|||||||||||
|
- Two Year
|
6.84
|
%
|
4,702
|
24,295,886.35
|
9.372
|
%
|
|||||||||||
|
- Technical
|
6.81
|
%
|
896
|
4,845,331.63
|
1.869
|
%
|
|||||||||||
|
- Other
|
6.75
|
%
|
39
|
184,614.48
|
0.071
|
%
|
|||||||||||
|
Total
|
6.86
|
%
|
38,036
|
$
|
259,235,008.66
|
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 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| VI. |
2013-3 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance |
||||||||
|
Total Available Funds
|
$
|
4,024,106.75
|
|||||||
| A |
Trustee Fees |
$ | 4,024,106.75 |
||||||
|
B
|
Primary Servicing Fee
|
|
- |
$
|
3,942,891.49
|
||||
|
C
|
Administration Fee
|
$
|
81,215.26
|
$
|
3,936,224.49
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
6,667.00
|
$
|
2,965,098.63
|
||||
| E |
Class B Noteholders' Interest Distribution Amount
|
$
|
971,125.86
|
$
|
2,785,335.53
|
||||
| F |
Reserve Account Reinstatement
|
$ |
179,763.10
|
$
|
2,785,335.53
|
||||
| G |
Class A Noteholders' Principal Distribution Amount
|
|
- |
$
|
228,898.19
|
||||
| H |
Class B Noteholders' Principal Distribution Amount
|
$ |
2,556,437.34
|
$
|
228,898.19
|
||||
| I |
Unpaid Expenses of The Trustees
|
-
|
$
|
228,898.19
|
|||||
| J |
Carryover Servicing Fee
|
-
|
$
|
228,898.19
|
|||||
| K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
228,898.19
|
|||||
| L |
Excess Distribution Certificateholder
|
$
|
228,898.19
|
|
-
|
||||
|
Waterfall Triggers
|
|||||||||
|
A
|
Student Loan Principal Outstanding
|
$
|
259,235,008.66
|
||||||
|
B
|
Interest to be Capitalized
|
$
|
2,996,002.57
|
||||||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||||||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,249,991.00
|
||||||
| E |
Less: Specified Reserve Account Balance
|
$
|
(1,249,991.00
|
)
|
|||||
| F |
Total
|
$
|
262,231,011.23
|
||||||
| G |
Class A Notes Outstanding (after application of available funds)
|
$
|
224,608,701.12
|
||||||
| 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 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| VII. |
2013-3 Distributions
|
|
A3
|
B |
|
||||||
|
Cusip/Isin
|
78447YAC6
|
78447YAD4
|
||||||
|
Beginning Balance
|
$
|
227,165,138.46
|
$
|
35,000,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.50
|
%
|
1.50
|
%
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
7/25/2025
|
7/25/2025
|
||||||
|
Accrual Period End
|
8/25/2025
|
8/25/2025
|
||||||
|
Daycount Fraction
|
0.08611111
|
0.08611111
|
||||||
|
Interest Rate*
|
4.96449
|
%
|
5.96449
|
%
|
||||
|
Accrued Interest Factor
|
0.004274978
|
0.005136089
|
||||||
|
Current Interest Due
|
$
|
971,125.86
|
$
|
179,763.10
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
971,125.86
|
$
|
179,763.10
|
||||
|
Interest Paid
|
$
|
971,125.86
|
$
|
179,763.10
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
2,556,437.34
|
-
|
|||||
|
Ending Principal Balance
|
$
|
224,608,701.12
|
$
|
35,000,000.00
|
||||
|
Paydown Factor
|
0.004032236
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.354272399
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| VIII. |
2013-3 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
262,165,138.46
|
|||
|
Adjusted Pool Balance
|
$
|
262,231,011.23
|
|||
|
Overcollateralization Amount
|
$
|
2,622,310.11
|
|||
|
Principal Distribution Amount
|
$
|
2,556,437.34
|
|||
|
Principal Distribution Amount Paid
|
$
|
2,556,437.34
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
1,249,991.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
1,249,991.00
|
|||
|
Required Reserve Acct Balance
|
$
|
1,249,991.00
|
|||
|
Release to Collection Account
|
-
|
||||
|
Ending Reserve Account Balance
|
$
|
1,249,991.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
141,937.66
|
|||
|
Deposits for the Period
|
$
|
66,602.47
|
|||
|
Release to Collection Account
|
|
- |
|||
|
Ending Balance
|
$
|
208,540.13
|
|||
|
D
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |