|
Page 1 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
09/20/2012
|
12/31/2025
|
01/31/2026
|
|||||||||
|
Principal Balance
|
$
|
1,181,065,142.80
|
$
|
187,982,395.73
|
$
|
186,926,659.49
|
|||||||
|
|
Interest to be Capitalized Balance
|
42,536,761.45
|
2,435,732.99
|
2,517,985.14
|
|||||||||
|
Pool Balance
|
$
|
1,223,601,904.25
|
$
|
190,418,128.72
|
$
|
189,444,644.63
|
|||||||
|
|
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
|
$
|
190,418,128.72
|
$
|
189,444,644.63
|
||||||
|
|
Weighted Average Coupon (WAC)
|
6.70%
|
|
6.98%
|
|
6.99%
|
|
||||||
|
|
Number of Loans
|
245,812
|
25,750
|
25,491
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
942,502.21
|
$
|
945,916.19
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
189,475,626.51
|
$
|
188,498,728.44
|
||||||||
|
|
Pool Factor
|
0.152628917
|
0.151848624
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
(75.41)%
|
|
(75.37)%
|
|
||||||||
| (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
|
01/26/2026
|
02/25/2026
|
|||||||
|
A3
|
78447GAC5
|
$
|
151,113,947.43
|
$
|
150,150,198.18
|
||||||
| B |
78447GAD3
|
$
|
37,400,000.00
|
$
|
37,400,000.00
|
||||||
|
C
|
Account Balances
|
01/26/2026
|
02/25/2026
|
||||||
|
Reserve Account Balance
|
$
|
1,247,589.00
|
$
|
1,247,589.00
|
|||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
242,653.56
|
$
|
412,083.88
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
01/26/2026
|
02/25/2026
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
190,418,128.72
|
$
|
189,444,644.63
|
||||
|
|
Total Notes
|
$
|
188,513,947.43
|
$
|
187,550,198.18
|
||||
|
|
Difference
|
$
|
1,904,181.29
|
$
|
1,894,446.45
|
||||
|
|
Parity Ratio
|
1.01010
|
1.01010
|
||||||
|
Page 2 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
| II. |
Trust Activity 01/01/2026 through 01/31/2026
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
540,128.15
|
||||
|
Guarantor Principal
|
842,438.54
|
||||
|
Consolidation Activity Principal
|
316,777.08
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
(208.43)
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,699,135.34
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
303,200.03
|
||||
|
Guarantor Interest
|
24,860.91
|
||||
|
Consolidation Activity Interest
|
4,550.53
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
44.45
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
11,272.25
|
||||
|
Total Interest Receipts
|
$
|
343,928.17
|
|||
| C |
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
15,218.31
|
||
|
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
|
$
|
(169,430.32)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
1,888,851.50
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(643,399.10)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
20,910.53
|
||
|
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 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
| III. |
2012-6 Portfolio Characteristics
|
|
01/31/2026
|
12/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.60%
|
|
10
|
$
|
42,575.00
|
0.023%
|
|
6.60%
|
|
10
|
$
|
42,575.00
|
0.023%
|
|
||||||||||||||||||
|
GRACE
|
6.62%
|
|
14
|
$
|
68,361.00
|
0.037%
|
|
6.62%
|
|
14
|
$
|
68,361.00
|
0.036%
|
|
|||||||||||||||||||
|
DEFERMENT
|
6.87%
|
|
1,562
|
$
|
10,203,590.43
|
5.459%
|
|
6.86%
|
|
1,539
|
$
|
9,967,363.36
|
5.302%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
7.01%
|
|
17,241
|
$
|
119,590,205.22
|
63.977%
|
|
7.01%
|
|
17,261
|
$
|
119,608,200.62
|
63.627%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.94%
|
|
859
|
$
|
7,271,437.30
|
3.890%
|
|
7.00%
|
|
947
|
$
|
8,297,948.18
|
4.414%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.99%
|
|
555
|
$
|
4,833,706.81
|
2.586%
|
|
6.88%
|
|
639
|
$
|
4,901,605.98
|
2.607%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.95%
|
|
385
|
$
|
3,089,358.85
|
1.653%
|
|
6.82%
|
|
485
|
$
|
3,651,223.36
|
1.942%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.86%
|
|
1,358
|
$
|
11,076,824.57
|
5.926%
|
|
6.88%
|
|
1,516
|
$
|
12,829,127.45
|
6.825%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.98%
|
|
3,129
|
$
|
27,488,428.07
|
14.705%
|
|
7.03%
|
|
3,062
|
$
|
26,572,111.50
|
14.135%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.99%
|
|
378
|
$
|
3,262,172.24
|
1.745%
|
|
6.85%
|
|
277
|
$
|
2,043,879.28
|
1.087%
|
|
||||||||||||||||||
|
TOTAL
|
25,491
|
$
|
186,926,659.49
|
100.00%
|
|
25,750
|
$
|
187,982,395.73
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
|
IV.
|
2012-6 Portfolio Characteristics (cont'd)
|
|
01/31/2026
|
12/31/2025
|
|||||||
|
Pool Balance
|
$
|
189,444,644.63
|
$
|
190,418,128.72
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
10,068,418.36
|
$
|
9,997,513.66
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,517,985.14
|
$
|
2,435,732.99
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
972,321.44
|
$
|
1,032,721.74
|
||||
|
Total # Loans
|
25,491
|
25,750
|
||||||
|
Total # Borrowers
|
11,449
|
11,576
|
||||||
|
Weighted Average Coupon
|
6.99%
|
|
6.98%
|
|
||||
|
Weighted Average Remaining Term
|
198.80
|
197.89
|
||||||
|
Non-Reimbursable Losses
|
$
|
20,910.53
|
$
|
59,991.24
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,680,767.85
|
$
|
6,659,857.32
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-75.37%
|
|
-75.41%
|
|
||||
|
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
|
$
|
664,655.49
|
$
|
743,240.74
|
||||
|
Borrower Interest Accrued
|
$
|
1,069,666.19
|
$
|
1,078,315.87
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
30,400.66
|
$
|
30,423.80
|
||||
|
Special Allowance Payments Accrued
|
$
|
31,226.45
|
$
|
29,663.10
|
||||
|
Page 5 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
|
V.
|
2012-6 Portfolio Statistics by School and Program
|
| A |
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- GSL (1) - Subsidized
|
6.63%
|
|
12,923
|
60,952,165.06
|
32.608%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.78%
|
|
11,493
|
98,126,488.41
|
52.495%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.49%
|
|
1,043
|
27,482,330.70
|
14.702%
|
|
|||||||||||
|
- SLS (3) Loans
|
7.22%
|
|
32
|
365,675.32
|
0.196%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.99%
|
|
25,491
|
$
|
186,926,659.49
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- Four Year
|
7.02%
|
|
20,893
|
162,404,221.73
|
86.881%
|
|
|||||||||||
|
- Two Year
|
6.75%
|
|
3,844
|
20,453,431.42
|
10.942%
|
|
|||||||||||
|
- Technical
|
6.80%
|
|
744
|
4,022,315.22
|
2.152%
|
|
|||||||||||
|
- Other
|
6.83%
|
|
10
|
46,691.12
|
0.025%
|
|
|||||||||||
|
Total
|
6.99%
|
|
25,491
|
$
|
186,926,659.49
|
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 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
|
VI.
|
2012-6 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
|||||||
|
Total Available Funds
|
$
|
1,888,851.50
|
||||||
| A |
Trustee Fees |
- | $ |
1,888,851.50 | ||||
|
B
|
Primary Servicing Fee
|
$
|
60,162.46
|
$
|
1,828,689.04
|
|||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
1,822,022.04
|
|||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
574,454.63
|
$
|
1,247,567.41
|
|||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
149,966.52
|
$
|
1,097,600.89
|
|||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
1,097,600.89
|
||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
963,749.25
|
$
|
133,851.64
|
|||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
133,851.64
|
||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
133,851.64
|
||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
133,851.64
|
||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
133,851.64
|
||||
|
L
|
Excess Distribution Certificateholder
|
$
|
133,851.64
|
-
|
||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
186,926,659.49
|
||
|
B
|
Interest to be Capitalized
|
$
|
2,517,985.14
|
||
|
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
|
$
|
189,444,644.63
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
150,150,198.18
|
||
|
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 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
|
VII.
|
2012-6 Distributions
|
|
A3
|
B | |||||||
|
Cusip/Isin
|
78447GAC5
|
78447GAD3
|
||||||
|
Beginning Balance
|
$
|
151,113,947.43
|
$
|
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
|
1/26/2026
|
1/26/2026
|
||||||
|
Accrual Period End
|
2/25/2026
|
2/25/2026
|
||||||
|
Daycount Fraction
|
0.08333333
|
0.08333333
|
||||||
|
Interest Rate*
|
4.56176%
|
|
4.81176%
|
|
||||
|
Accrued Interest Factor
|
0.003801467
|
0.004009800
|
||||||
|
Current Interest Due
|
$
|
574,454.63
|
$
|
149,966.52
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
574,454.63
|
$
|
149,966.52
|
||||
|
Interest Paid
|
$
|
574,454.63
|
$
|
149,966.52
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
963,749.25
|
-
|
|||||
|
Ending Principal Balance
|
$
|
150,150,198.18
|
$
|
37,400,000.00
|
||||
|
Paydown Factor
|
0.001676086
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.261130779
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2012-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
|
VIII.
|
2012-6 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
188,513,947.43
|
||
|
|
Adjusted Pool Balance
|
$
|
189,444,644.63
|
||
|
|
Overcollateralization Amount
|
$
|
1,894,446.45
|
||
|
|
Principal Distribution Amount
|
$
|
963,749.25
|
||
|
Principal Distribution Amount Paid
|
$
|
963,749.25
|
|||
|
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
|
$
|
242,653.56
|
|||
|
Deposits for the Period
|
$
|
169,430.32
|
|||
|
|
Release to Collection Account
|
|
-
|
|
|
|
|
Ending Balance
|
$
|
412,083.88
|
||
|
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 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |