|
Page 1 of 9
|
Trust 2013-5 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| I. |
Deal Parameters
|
| A |
Student Loan Portfolio Characteristics
|
09/19/2013
|
06/30/2025
|
07/31/2025
|
|||||||||
|
Principal Balance
|
$
|
956,725,270.81
|
$
|
190,573,841.21
|
$
|
188,945,890.67
|
|||||||
|
Interest to be Capitalized Balance
|
20,662,241.00
|
2,087,834.33
|
2,111,613.04
|
||||||||||
|
Pool Balance
|
$
|
977,387,511.81
|
$
|
192,661,675.54
|
$
|
191,057,503.71
|
|||||||
|
Specified Reserve Account Balance
|
4,994,371.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool(1)
|
$
|
982,381,882.81
|
$
|
192,661,675.54
|
$
|
191,057,503.71
|
|||||||
|
Weighted Average Coupon (WAC)
|
6.75
|
%
|
7.10
|
%
|
6.94
|
%
|
|||||||
|
Number of Loans
|
202,865
|
27,847
|
27,569
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
|
|
|
-
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
192,661,675.54
|
$
|
191,057,503.71
|
|||||||||
|
Pool Factor
|
0.192878812
|
0.191272832
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
(44.08
|
)%
|
(47.24
|
)%
|
|||||||||
|
(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
|
78448BAC5
|
$
|
163,335,058.78
|
$
|
161,746,928.67
|
||||||
| B |
|
78448BAD3
|
$
|
27,400,000.00
|
$
|
27,400,000.00
|
|||||
|
C
|
Account Balances
|
07/25/2025
|
08/25/2025
|
||||||
|
Reserve Account Balance
|
$
|
998,874.00
|
$
|
998,874.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
128,316.68
|
$
|
188,156.30
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
07/25/2025
|
08/25/2025
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
192,661,675.54
|
$
|
191,057,503.71
|
|||||
|
Total Notes
|
$
|
190,735,058.78
|
$
|
189,146,928.67
|
|||||
|
|
Difference
|
$
|
1,926,616.76
|
$
|
1,910,575.04
|
||||
|
|
Parity Ratio
|
1.01010
|
1.01010
|
||||||
|
Page 2 of 9
|
Trust 2013-5 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
|
573,254.66
|
||||
|
Guarantor Principal
|
907,808.26
|
||||
|
Consolidation Activity Principal
|
868,741.86 |
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
192.72 |
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$ | 2,349,997.50 |
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
277,467.89
|
||||
|
Guarantor Interest
|
38,694.14
|
||||
|
Consolidation Activity Interest
|
20,971.42 |
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
309.53
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
16,984.39
|
||||
|
Total Interest Receipts
|
$
|
354,427.37 |
|||
|
C
|
Reserves in Excess of Requirement
|
-
|
|||
|
D
|
Investment Income
|
$
|
15,980.77 |
||
| 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
|
$
|
(59,839.62
|
)
|
||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
2,660,566.02
|
|||
| M |
AVAILABLE FUNDS
|
$ | (722,046.96) |
||
| N |
Non-Cash Principal Activity During Collection Period
|
$
|
23,490.11
|
||
| O |
Non-Reimbursable Losses During Collection Period
|
|
- |
||
| P |
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
| Q |
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2013-5 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| III. |
2013-5 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
|
6.67%
|
|
20 |
$
|
79,288.07
|
0.042%
|
|
6.85%
|
|
20 |
$
|
79,288.07
|
0.042%
|
|
|||||||||||||||||||
|
|
GRACE |
6.80%
|
|
4 |
$
|
8,811.35
|
0.005%
|
|
6.80%
|
|
4
|
$
|
8,811.35
|
0.005%
|
|
|||||||||||||||||||
|
|
DEFERMENT
|
6.73%
|
|
1,551
|
$
|
10,044,641.93
|
5.316%
|
|
6.91%
|
|
1,645
|
$
|
10,573,123.74
|
5.548%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.96%
|
|
18,460
|
$
|
118,194,085.65
|
62.554%
|
|
7.11%
|
|
18,632
|
$
|
120,175,921.45
|
63.060%
|
|
|||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.86%
|
|
999
|
$
|
7,712,413.43
|
4.082%
|
|
7.12%
|
|
1,159
|
$
|
8,920,912.53
|
4.681%
|
|
|||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.91%
|
|
702
|
$
|
5,556,744.95
|
2.941%
|
|
7.09%
|
|
719
|
$
|
5,825,856.10
|
3.057%
|
|
|||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.94%
|
|
501
|
$
|
3,832,394.08
|
2.028%
|
|
7.03%
|
|
310
|
$
|
2,078,650.53
|
1.091%
|
|
|||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.92%
|
|
1,630
|
$
|
12,561,475.61
|
6.648%
|
|
7.06%
|
|
1,744
|
$
|
13,467,537.80
|
7.067%
|
|
|||||||||||||||||||
|
|
FORBEARANCE
|
7.01%
|
|
3,547
|
$
|
29,875,959.54
|
15.812%
|
|
7.13%
|
|
3,477
|
$
|
28,131,677.65
|
14.762%
|
|
|||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.86%
|
|
155
|
$
|
1,080,076.06
|
0.572%
|
|
7.17%
|
|
137
|
$
|
1,312,061.99
|
0.688%
|
|
|||||||||||||||||||
|
TOTAL
|
27,569
|
$
|
188,945,890.67
|
100.00%
|
|
27,847
|
$
|
190,573,841.21
|
100.00%
|
|
||||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2013-5 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| IV. |
2013-5 Portfolio Characteristics (cont'd)
|
|
07/31/2025
|
06/30/2025
|
|||||||
|
Pool Balance
|
$
|
191,057,503.71
|
$
|
192,661,675.54
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
9,702,064.36
|
$
|
9,708,945.10
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,111,613.04
|
$
|
2,087,834.33
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,074,901.81
|
$
|
1,081,499.78
|
||||
|
Total # Loans
|
27,569
|
27,847
|
||||||
|
Total # Borrowers
|
7,657
|
7,740
|
||||||
|
Weighted Average Coupon
|
6.94
|
%
|
7.10
|
%
|
||||
|
Weighted Average Remaining Term
|
200.50
|
201.16
|
||||||
|
Non-Reimbursable Losses
|
$
|
23,490.11
|
$
|
29,529.23
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
3,189,781.41
|
$
|
3,166,291.30
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-47.24
|
%
|
-44.08
|
%
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
211,826.85
|
$
|
211,826.85
|
||||
|
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
|
$
|
745,948.20
|
$
|
800,510.66
|
||||
|
Borrower Interest Accrued
|
$
|
1,075,099.56
|
$
|
1,070,107.10
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
30,744.39
|
$
|
32,557.88
|
||||
|
Special Allowance Payments Accrued
|
$
|
45,013.39
|
$
|
37,636.84
|
||||
|
Page 5 of 9
|
Trust 2013-5 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| V. |
2013-5 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- GSL (1) - Subsidized
|
6.69
|
%
|
14,374
|
64,990,203.99
|
34.396
|
%
|
|||||||||||
|
- GSL - Unsubsidized
|
6.77
|
%
|
12,501
|
101,457,394.59
|
53.697
|
%
|
|||||||||||
|
- PLUS (2) Loans
|
8.48
|
%
|
694 |
22,498,292.09
|
11.907
|
%
|
|||||||||||
|
- SLS (3) Loans
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
|||||||||||
|
- Consolidation Loans
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
|||||||||||
|
Total
|
6.94
|
%
|
27,569
|
$
|
188,945,890.67
|
100.000
|
%
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
||||||||||||
|
- Four Year
|
6.96
|
%
|
23,856
|
172,887,917.22
|
91.501
|
%
|
|||||||||||
|
- Two Year
|
6.76
|
%
|
3,070
|
13,249,448.90
|
7.012
|
%
|
|||||||||||
|
- Technical
|
6.82
|
%
|
617
|
2,715,344.60
|
1.437
|
%
|
|||||||||||
|
- Other
|
6.75
|
%
|
26 |
93,179.95
|
0.049
|
%
|
|||||||||||
|
Total
|
6.94
|
%
|
27,569
|
$
|
188,945,890.67
|
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 2013-5 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
|
$
|
2,660,566.02
|
|||||||
| A |
Trustee Fees |
- |
$ | 2,660,566.02 |
|||||
|
B
|
Primary Servicing Fee
|
$
|
37,906.43 |
$
|
2,622,659.59
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
2,615,992.59
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
712,318.66
|
$
|
1,903,673.93
|
||||
| E |
Class B Noteholders' Interest Distribution Amount
|
$
|
140,728.83
|
$
|
1,762,945.10
|
||||
| F |
Reserve Account Reinstatement
|
-
|
$
|
1,762,945.10
|
|||||
| G |
Class A Noteholders' Principal Distribution Amount
|
$
|
1,588,130.11 |
$
|
174,814.99
|
||||
| H |
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
174,814.99
|
|||||
| I |
Unpaid Expenses of The Trustees
|
-
|
$
|
174,814.99
|
|||||
| J |
Carryover Servicing Fee
|
-
|
$
|
174,814.99
|
|||||
| K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
174,814.99
|
|||||
| L |
Excess Distribution Certificateholder
|
$
|
174,814.99 |
|
-
|
||||
|
Waterfall Triggers
|
|||||||||
|
A
|
Student Loan Principal Outstanding
|
$
|
188,945,890.67
|
||||||
|
B
|
Interest to be Capitalized
|
$
|
2,111,613.04
|
||||||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||||||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
998,874.00
|
||||||
| E |
Less: Specified Reserve Account Balance
|
$
|
(998,874.00
|
)
|
|||||
| F |
Total
|
$
|
191,057,503.71
|
||||||
| G |
Class A Notes Outstanding (after application of available funds)
|
$
|
161,746,928.67
|
||||||
| 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 2013-5 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| VII. |
2013- 5 Distributions
|
|
A3
|
B |
|
||||||
|
Cusip/Isin
|
78448BAC5
|
78448BAD3
|
||||||
|
Beginning Balance
|
$
|
163,335,058.78
|
$
|
27,400,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.60
|
%
|
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*
|
5.06449
|
%
|
5.96449
|
%
|
||||
|
Accrued Interest Factor
|
0.004361089
|
0.005136089
|
||||||
|
Current Interest Due
|
$
|
712,318.66
|
$
|
140,728.83
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
712,318.66
|
$
|
140,728.83
|
||||
|
Interest Paid
|
$
|
712,318.66
|
$
|
140,728.83
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,588,130.11
|
-
|
|||||
|
Ending Principal Balance
|
$
|
161,746,928.67
|
$
|
27,400,000.00
|
||||
|
Paydown Factor
|
0.003117648
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.317524399
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2013-5 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |
| VIII. |
2013-5 Reconciliations
|
| A |
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
190,735,058.78
|
|||
|
Adjusted Pool Balance
|
$
|
191,057,503.71
|
|||
|
Overcollateralization Amount
|
$
|
1,910,575.04
|
|||
|
Principal Distribution Amount
|
$
|
1,588,130.11
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,588,130.11
|
|||
|
B
|
Reserve Account Reconciliation |
||||
|
Beginning Period Balance
|
$
|
998,874.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
998,874.00
|
|||
|
Required Reserve Acct Balance
|
$
|
998,874.00
|
|||
|
Release to Collection Account
|
-
|
||||
|
Ending Reserve Account Balance
|
$
|
998,874.00
|
|||
|
C
|
Floor Income Rebate Account |
||||
|
Beginning Period Balance
|
$
|
128,316.68
|
|||
|
Deposits for the Period
|
$
|
59,839.62
|
|||
|
Release to Collection Account
|
|
- |
|||
|
Ending Balance
|
$
|
188,156.30 |
|||
|
D
|
Supplemental Purchase Account |
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2013-5 Monthly Servicing Report: Collection Period 07/01/2025 - 07/31/2025, Distribution Date 08/25/2025 |