|
Page 1 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
06/20/2013
|
07/31/2025
|
08/31/2025
|
|||||||||
|
Principal Balance
|
$
|
1,205,799,342.60
|
$
|
259,235,008.66
|
$
|
257,602,623.05
|
|||||||
|
Interest to be Capitalized Balance
|
25,233,370.46
|
2,996,002.57
|
3,044,672.60
|
||||||||||
|
Pool Balance
|
$
|
1,231,032,713.06
|
$
|
262,231,011.23
|
$
|
260,647,295.65
|
|||||||
|
Specified Reserve Account Balance
|
6,249,953.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool(1)
|
$
|
1,237,282,666.06
|
$
|
262,231,011.23
|
$
|
260,647,295.65
|
|||||||
|
Weighted Average Coupon (WAC)
|
6.58%
|
|
6.86%
|
|
6.85%
|
|
|||||||
|
Number of Loans
|
277,088
|
38,036
|
37,656
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
500,571.47
|
$
|
503,614.90
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
261,730,439.76
|
$
|
260,143,680.75
|
|||||||||
|
Pool Factor
|
0.209786370
|
0.208519388
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
(76.31)%
|
|
(77.44)%
|
|
|||||||||
|
(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
|
08/25/2025
|
09/25/2025
|
||||||
|
A3
|
78447YAC6
|
$
|
224,608,701.12
|
$
|
223,040,822.69
|
|||||
|
B
|
78447YAD4
|
$
|
35,000,000.00
|
$
|
35,000,000.00
|
|||||
|
C
|
Account Balances
|
08/25/2025
|
09/25/2025
|
||||||
|
Reserve Account Balance
|
$
|
1,249,991.00
|
$
|
1,249,991.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
208,540.13
|
$
|
65,739.75
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
08/25/2025
|
09/25/2025
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
262,231,011.23
|
$
|
260,647,295.65
|
|||||
|
Total Notes
|
$
|
259,608,701.12
|
$
|
258,040,822.69
|
|||||
|
Difference
|
$
|
2,622,310.11
|
$
|
2,606,472.96
|
|||||
|
Parity Ratio
|
1.01010
|
1.01010
|
|||||||
|
Page 2 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| II. |
Trust Activity 08/01/2025 through 08/31/2025
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
612,196.87
|
||||
|
Guarantor Principal
|
1,076,598.12
|
||||
|
Consolidation Activity Principal
|
834,950.55
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,523,745.54
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
326,703.10
|
||||
|
Guarantor Interest
|
42,193.23
|
||||
|
Consolidation Activity Interest
|
26,287.70
|
||||
|
Special Allowance Payments
|
134,804.54
|
||||
|
Interest Subsidy Payments
|
156,277.61
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
0.00
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
23,470.26
|
||||
|
Total Interest Receipts
|
$
|
709,736.44
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
19,657.80
|
||
|
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
|
$ |
208,540.13
|
||
|
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
|
$ |
(212,062.89)
|
|||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(65,739.75)
|
|||
|
M
|
AVAILABLE FUNDS
|
$
|
3,183,877.27
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(891,359.93)
|
||
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
30,880.73
|
||
|
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 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| III. |
2013-3 Portfolio Characteristics
|
|
08/31/2025
|
07/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.76%
|
|
41
|
$
|
226,309.56
|
0.088%
|
|
6.76%
|
|
43
|
$
|
234,809.56
|
0.091%
|
|
||||||||||||||||||
|
|
GRACE |
6.80%
|
|
6
|
$
|
23,620.50
|
0.009%
|
|
6.80%
|
|
6
|
$
|
35,620.50
|
0.014%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
6.72%
|
|
2,205
|
$
|
15,143,868.70
|
5.879%
|
|
6.72%
|
|
2,281
|
$
|
15,658,525.81
|
6.040%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.86%
|
|
24,381
|
$
|
153,128,285.10
|
59.444%
|
|
6.86%
|
|
24,395
|
$
|
152,884,356.59
|
58.975%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.83%
|
|
1,509
|
$
|
11,572,017.66
|
4.492%
|
|
6.81%
|
|
1,609
|
$
|
12,627,064.77
|
4.871%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.83%
|
|
1,000
|
$
|
8,181,183.02
|
3.176%
|
|
6.94%
|
|
1,093
|
$
|
8,616,333.74
|
3.324%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.91%
|
|
748
|
$
|
5,976,152.34
|
2.320%
|
|
6.86%
|
|
804
|
$
|
6,720,574.15
|
2.592%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.88%
|
|
2,725
|
$
|
22,186,613.18
|
8.613%
|
|
6.87%
|
|
2,672
|
$
|
21,494,574.49
|
8.292%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.89%
|
|
4,735
|
$
|
39,005,293.91
|
15.142%
|
|
6.87%
|
|
4,862
|
$
|
39,015,810.67
|
15.050%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.77%
|
|
306
|
$
|
2,159,279.08
|
0.838%
|
|
6.87%
|
|
271
|
$
|
1,947,338.38
|
0.751%
|
|
||||||||||||||||||
|
TOTAL
|
37,656
|
$
|
257,602,623.05
|
100.00%
|
|
38,036
|
$
|
259,235,008.66
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| IV. |
2013-3 Portfolio Characteristics (cont'd)
|
|
08/31/2025
|
07/31/2025
|
|||||||
|
Pool Balance
|
$
|
260,647,295.65
|
$
|
262,231,011.23
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
12,538,963.77
|
$
|
12,415,505.21
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
3,044,672.60
|
$
|
2,996,002.57
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,720,321.19
|
$
|
1,713,980.83
|
||||
|
Total # Loans
|
37,656
|
38,036
|
||||||
|
Total # Borrowers
|
15,579
|
15,762
|
||||||
|
Weighted Average Coupon
|
6.85%
|
|
6.86%
|
|
||||
|
Weighted Average Remaining Term
|
198.69
|
197.71
|
||||||
|
Non-Reimbursable Losses
|
$
|
30,880.73
|
$
|
42,676.02
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,353,799.30
|
$
|
6,322,918.57
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-77.44 %
|
|
-76.31 %
|
|
||||
|
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
|
$
|
922,274.36
|
$
|
1,030,083.90
|
||||
|
Borrower Interest Accrued
|
$
|
1,442,613.34
|
$
|
1,454,411.79
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
51,308.12
|
$
|
52,230.55
|
||||
|
Special Allowance Payments Accrued
|
$
|
51,593.57
|
$
|
51,084.78
|
||||
|
Page 5 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| V. |
2013-3 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- GSL (1) - Subsidized
|
6.74%
|
|
19,967
|
100,223,705.76
|
38.906%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.78%
|
|
16,972
|
143,785,010.28
|
55.817%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.46%
|
|
717
|
13,593,907.01
|
5.277%
|
|
|||||||||||
|
- SLS (3) Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.85%
|
|
37,656
|
$
|
257,602,623.05
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- Four Year
|
6.86%
|
|
32,101
|
228,548,865.78
|
88.721%
|
|
|||||||||||
|
- Two Year
|
6.84%
|
|
4,638
|
24,113,972.68
|
9.361%
|
|
|||||||||||
|
- Technical
|
6.81%
|
|
882
|
4,785,813.03
|
1.858%
|
|
|||||||||||
|
- Other
|
6.74%
|
|
35
|
153,971.56
|
0.060%
|
|
|||||||||||
|
Total
|
6.85%
|
|
37,656
|
$
|
257,602,623.05
|
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 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| VI. |
2013-3 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance |
||||||||
|
Total Available Funds
|
$
|
3,183,877.27
|
|||||||
|
A
|
Trustee Fees
|
|
-
|
$
|
3,183,877.27
|
||||
|
B
|
Primary Servicing Fee
|
$
|
80,194.12
|
$
|
3,103,683.15
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
3,097,016.15
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
959,883.81
|
$
|
2,137,132.34
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$ |
179,714.28
|
$
|
1,957,418.06
|
||||
|
F
|
Reserve Account Reinstatement
|
|
-
|
$
|
1,957,418.06
|
||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$ |
1,567,878.43
|
$
|
389,539.63
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
389,539.63
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
389,539.63
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
389,539.63
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
|
-
|
$ |
389,539.63
|
||||
| L |
Excess Distribution Certificateholder
|
$ |
389,539.63
|
- |
|||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
257,602,623.05
|
||
|
B
|
Interest to be Capitalized
|
$
|
3,044,672.60
|
||
|
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
|
$
|
260,647,295.65
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
223,040,822.69
|
||
|
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 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| VII. |
2013-3 Distributions
|
|
A3
|
B
|
|||||||
|
Cusip/Isin
|
78447YAC6
|
78447YAD4
|
||||||
|
Beginning Balance
|
$
|
224,608,701.12
|
$
|
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
|
8/25/2025
|
8/25/2025
|
||||||
|
Accrual Period End
|
9/25/2025
|
9/25/2025
|
||||||
|
Daycount Fraction
|
0.08611111
|
0.08611111
|
||||||
|
Interest Rate*
|
4.96287%
|
|
5.96287%
|
|
||||
|
Accrued Interest Factor
|
0.004273582
|
0.005134694
|
||||||
|
Current Interest Due
|
$
|
959,883.81
|
$
|
179,714.28
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
959,883.81
|
$
|
179,714.28
|
||||
|
Interest Paid
|
$
|
959,883.81
|
$
|
179,714.28
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,567,878.43
|
-
|
|||||
|
Ending Principal Balance
|
$
|
223,040,822.69
|
$
|
35,000,000.00
|
||||
|
Paydown Factor
|
0.002472994
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.351799405
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2013-3 Monthly Servicing Report: Collection Period 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |
| VIII. |
2013-3 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
259,608,701.12
|
|||
|
Adjusted Pool Balance
|
$
|
260,647,295.65
|
|||
|
Overcollateralization Amount
|
$
|
2,606,472.96
|
|||
|
Principal Distribution Amount
|
$
|
1,567,878.43
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,567,878.43
|
|||
|
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
|
$
|
208,540.13
|
|||
|
Deposits for the Period
|
$
|
65,739.75
|
|||
|
Release to Collection Account
|
$ |
(208,540.13)
|
|||
|
Ending Balance
|
$
|
65,739.75
|
|||
|
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 08/01/2025 - 08/31/2025, Distribution Date 09/25/2025 |