|
Page 1 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
I.
|
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
02/14/2013
|
05/31/2026
|
06/30/2026
|
||||||||||
|
Principal Balance
|
$
|
1,181,837,043.20
|
$
|
209,052,052.14
|
$
|
206,955,166.11
|
||||||||
|
Interest to be Capitalized Balance
|
27,971,606.70
|
3,554,774.29
|
3,515,957.18
|
|||||||||||
|
Pool Balance
|
$
|
1,209,808,649.90
|
$
|
212,606,826.43
|
$
|
210,471,123.29
|
||||||||
|
Specified Reserve Account Balance
|
9,373,341.00
|
- N/A -
|
- N/A -
|
|||||||||||
|
Adjusted Pool (1)
|
$
|
1,219,181,990.90
|
$
|
212,606,826.43
|
$
|
210,471,123.29
|
||||||||
|
Weighted Average Coupon (WAC)
|
6.88%
|
|
6.92%
|
|
6.92%
|
|
||||||||
|
Number of Loans
|
271,308
|
30,121
|
29,703
|
|||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
559,197.64
|
$
|
564,496.08
|
||||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
212,047,628.79
|
$
|
209,906,627.21
|
||||||||||
|
Pool Factor
|
0.170115558
|
0.168406694
|
||||||||||||
|
Since Issued Constant Prepayment Rate
|
(77.05)%
|
|
(76.62)%
|
|
||||||||||
| (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
|
06/25/2026
|
07/27/2026
|
||||||
|
A3
|
78447MAC2
|
$
|
175,480,758.17
|
$
|
173,366,602.31
|
|||||
|
B
|
78447MAD0
|
$
|
35,000,000.00
|
$
|
35,000,000.00
|
|||||
|
C
|
Account Balances
|
06/25/2026
|
07/27/2026
|
||||||
|
Reserve Account Balance
|
$
|
1,249,779.00
|
$
|
1,249,779.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
181,809.73
|
$
|
360,178.12
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
06/25/2026
|
07/27/2026
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
212,606,826.43
|
$
|
210,471,123.29
|
|||||
|
Total Notes
|
$
|
210,480,758.17
|
$
|
208,366,602.31
|
|||||
|
Difference
|
$
|
2,126,068.26
|
$
|
2,104,520.98
|
|||||
|
Parity Ratio
|
1.01010
|
1.01010
|
|||||||
|
Page 2 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
II.
|
Trust Activity 06/01/2026 through 06/30/2026
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
669,835.83
|
||||
|
Guarantor Principal
|
1,204,849.96
|
||||
|
Consolidation Activity Principal
|
879,213.28
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,753,899.07
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
283,844.21
|
||||
|
Guarantor Interest
|
101,795.39
|
||||
|
Consolidation Activity Interest
|
35,868.85
|
||||
|
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
|
14,272.44
|
||||
|
Total Interest Receipts
|
$
|
435,780.89
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
13,689.27
|
||
|
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
|
$
|
(178,368.39)
|
|||
|
M
|
AVAILABLE FUNDS
|
$
|
3,025,000.84
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(657,013.04)
|
||
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
27,149.67
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
III.
|
2013-1 Portfolio Characteristics
|
|
06/30/2026
|
05/31/2026
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal |
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.72%
|
|
35
|
$
|
165,352.46
|
0.080%
|
|
6.65%
|
|
36
|
$
|
164,973.46
|
0.079%
|
|
||||||||||||||||||
|
|
GRACE
|
6.54%
|
|
7
|
$
|
45,563.00
|
0.022%
|
|
6.80%
|
|
6
|
$
|
45,942.00
|
0.022%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
6.79%
|
|
1,922
|
$
|
11,960,121.20
|
5.779%
|
|
6.80%
|
|
1,899
|
$
|
11,640,559.18
|
5.568%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.94%
|
|
19,700
|
$
|
130,962,284.44
|
63.281%
|
|
6.93%
|
|
20,083
|
$
|
134,018,157.66
|
64.108%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.91%
|
|
1,106
|
$
|
9,660,573.96
|
4.668%
|
|
6.97%
|
|
960
|
$
|
7,880,556.87
|
3.770%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.99%
|
|
640
|
$
|
5,381,069.98
|
2.600%
|
|
6.88%
|
|
695
|
$
|
5,463,289.25
|
2.613%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.89%
|
|
472
|
$
|
3,603,871.92
|
1.741%
|
|
6.86%
|
|
367
|
$
|
3,055,970.91
|
1.462%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.87%
|
|
1,285
|
$
|
10,518,848.86
|
5.083%
|
|
6.88%
|
|
1,320
|
$
|
10,892,608.15
|
5.210%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.92%
|
|
4,282
|
$
|
32,805,771.15
|
15.852%
|
|
6.93%
|
|
4,432
|
$
|
33,637,522.48
|
16.091%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.80%
|
|
254
|
$
|
1,851,709.14
|
0.895%
|
|
6.94%
|
|
323
|
$
|
2,252,472.18
|
1.077%
|
|
||||||||||||||||||
|
TOTAL
|
29,703
|
$
|
206,955,166.11
|
100.00%
|
|
30,121
|
$
|
209,052,052.14
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
IV.
|
2013-1 Portfolio Characteristics (cont'd)
|
|
06/30/2026
|
05/31/2026
|
|||||||
|
Pool Balance
|
$
|
210,471,123.29
|
$
|
212,606,826.43
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
11,981,058.79
|
$
|
11,963,724.52
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
3,515,957.18
|
$
|
3,554,774.29
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
978,143.21
|
$
|
1,017,661.06
|
||||
|
Total # Loans
|
29,703
|
30,121
|
||||||
|
Total # Borrowers
|
11,849
|
12,024
|
||||||
|
Weighted Average Coupon
|
6.92%
|
|
6.92%
|
|
||||
|
Weighted Average Remaining Term
|
201.68
|
201.04
|
||||||
|
Non-Reimbursable Losses
|
$
|
27,149.67
|
$
|
24,496.53
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,853,117.22
|
$
|
6,825,967.55
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-76.62%
|
|
-77.05%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
477,941.48
|
$
|
477,941.48
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$
|
190.25
|
-
|
|||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
686,786.90
|
$
|
804,104.17
|
||||
|
Borrower Interest Accrued
|
$
|
1,125,375.32
|
$
|
1,173,984.47
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
42,419.41
|
$
|
44,030.29
|
||||
|
Special Allowance Payments Accrued
|
$
|
34,450.61
|
$
|
35,028.14
|
||||
|
Page 5 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
V.
|
2013-1 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- GSL (1) - Subsidized
|
6.76%
|
|
15,494
|
74,756,769.02
|
36.122%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.79%
|
|
13,516
|
114,666,040.28
|
55.406%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.49%
|
|
689
|
17,510,073.20
|
8.461%
|
|
|||||||||||
|
- SLS (3) Loans
|
7.23%
|
|
4
|
22,283.61
|
0.011%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.92%
|
|
29,703
|
$
|
206,955,166.11
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- Four Year
|
6.94%
|
|
23,167
|
171,903,161.62
|
83.063%
|
|
|||||||||||
|
- Two Year
|
6.82%
|
|
5,231
|
27,994,592.23
|
13.527%
|
|
|||||||||||
|
- Technical
|
6.82%
|
|
1,305
|
7,057,412.26
|
3.410%
|
|
|||||||||||
|
- Other
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.92%
|
|
29,703
|
$
|
206,955,166.11
|
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 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
VI.
|
2013-1 Waterfall for Distributions
|
|
|
Paid
|
Remaining
Funds Balance
|
|||||||
|
Total Available Funds
|
$
|
3,025,000.84
|
|||||||
| A |
Trustee Fees |
|
- |
$
|
3,025,000.84
|
||||
| B |
Primary Servicing Fee
|
$
|
62,236.71
|
$
|
2,962,764.13
|
||||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
2,956,097.13
|
||||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
669,516.03
|
$
|
2,286,581.10
|
||||
| E |
Class B Noteholders' Interest Distribution Amount
|
$ |
172,425.24
|
$
|
2,114,155.86
|
||||
| F |
Reserve Account Reinstatement
|
|
- | $ |
2,114,155.86
|
||||
| G |
Class A Noteholders' Principal Distribution Amount
|
$ |
2,114,155.86
|
- | |||||
| H |
Class B Noteholders' Principal Distribution Amount
|
-
|
- | ||||||
| I |
Unpaid Expenses of The Trustees
|
-
|
- | ||||||
| J |
Carryover Servicing Fee
|
-
|
- | ||||||
| K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
-
|
||||||
| L |
Excess Distribution Certificateholder
|
- | - | ||||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
206,955,166.11
|
||
|
B
|
Interest to be Capitalized
|
$
|
3,515,957.18
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,249,779.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(1,249,779.00)
|
||
|
F
|
Total
|
$
|
210,471,123.29
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
173,366,602.31
|
||
|
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 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
VII.
|
2013-1 Distributions
|
|
A3
|
B
|
|||||||
|
Cusip/Isin
|
78447MAC2
|
78447MAD0
|
||||||
|
Beginning Balance
|
$
|
175,480,758.17
|
$
|
35,000,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.55%
|
|
1.80%
|
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
6/25/2026 |
6/25/2026
|
||||||
|
Accrual Period End
|
7/27/2026
|
7/27/2026
|
||||||
|
Daycount Fraction
|
0.08888889
|
0.08888889
|
||||||
|
Interest Rate*
|
4.29224%
|
|
5.54224%
|
|
||||
|
Accrued Interest Factor
|
0.003815324
|
0.004926435
|
||||||
|
Current Interest Due
|
$
|
669,516.03
|
$
|
172,425.24
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
669,516.03
|
$
|
172,425.24
|
||||
|
Interest Paid
|
$
|
669,516.03
|
$
|
172,425.24
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
2,114,155.86
|
-
|
|||||
|
Ending Principal Balance
|
$
|
173,366,602.31
|
$
|
35,000,000.00
|
||||
|
Paydown Factor
|
0.003929658
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.322242755
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|
|
VIII.
|
2013-1 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
210,480,758.17
|
|||
|
Adjusted Pool Balance
|
$
|
210,471,123.29
|
|||
|
Overcollateralization Amount
|
$
|
2,104,711.23
|
|||
|
Principal Distribution Amount
|
$
|
2,114,346.11
|
|||
|
Principal Distribution Amount Paid
|
$
|
2,114,155.86
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
1,249,779.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
1,249,779.00
|
|||
|
Required Reserve Acct Balance
|
$
|
1,249,779.00
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
1,249,779.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
181,809.73
|
|||
|
Deposits for the Period
|
$
|
178,368.39
|
|||
|
Release to Collection Account
|
- | ||||
|
Ending Balance
|
$
|
360,178.12
|
|||
|
D
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 06/01/2026 - 06/30/2026, Distribution Date 07/27/2026
|