|
Page 1 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
I.
|
Deal Parameters
|
| A |
Student Loan Portfolio Characteristics
|
04/15/2010
|
06/30/2026 |
07/31/2026
|
|||||||||
|
Principal Balance
|
$
|
1,169,871,248.94
|
$
|
100,659,917.84
|
$
|
99,840,615.72
|
|||||||
|
Interest to be Capitalized Balance
|
12,910,478.57
|
1,227,148.68
|
1,344,582.65
|
||||||||||
|
Pool Balance
|
$
|
1,182,781,727.51
|
$
|
101,887,066.52
|
$
|
101,185,198.37
|
|||||||
|
Capitalized Interest Account Balance
|
$
|
7,500,000.00
|
-
|
-
|
|||||||||
|
Specified Reserve Account Balance
|
3,028,129.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool (1)
|
$
|
1,193,309,856.51
|
$
|
101,887,066.52
|
$
|
101,185,198.37
|
|||||||
|
Weighted Average Coupon (WAC)
|
2.60%
|
|
6.73%
|
|
6.10%
|
|
|||||||
|
Number of Loans
|
482,706
|
24,222
|
23,946
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
20,331,487.25
|
$
|
20,269,298.47
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
81,555,579.27
|
$
|
80,915,899.90
|
|||||||||
|
Pool Factor
|
0.084117185
|
0.083537728
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
(42.63)%
|
|
(42.82)%
|
|
|||||||||
| (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
|
07/27/2026
|
08/25/2026
|
||||||
| A |
78445XAA4
|
$
|
54,634,718.13
|
$
|
53,573,217.71
|
|||||
| B |
78445XAB2
|
$
|
36,780,000.00
|
$
|
36,780,000.00
|
|||||
| C |
Account Balances
|
07/27/2026
|
08/25/2026
|
||||||
|
Reserve Account Balance
|
|
-
|
|
-
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
10,520.27
|
$
|
15,597.10
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
| D |
Asset / Liability
|
07/27/2026
|
08/25/2026
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
101,887,066.52
|
$
|
101,185,198.37
|
|||||
|
Total Notes
|
$
|
91,414,718.13
|
$
|
90,353,217.71
|
|||||
|
Difference
|
$
|
10,472,348.39
|
$
|
10,831,980.66
|
|||||
|
Parity Ratio
|
1.11456
|
1.11988
|
|||||||
|
Page 2 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
II.
|
Trust Activity 07/01/2026 through 07/31/2026
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
203,387.97
|
||||
|
Guarantor Principal
|
649,279.76
|
||||
|
Consolidation Activity Principal
|
294,045.70
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
38.57
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,146,752.00
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
103,928.59
|
||||
|
Guarantor Interest
|
25,819.73
|
||||
|
Consolidation Activity Interest
|
21,969.18
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
797.63
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
8,915.38
|
||||
|
Total Interest Receipts
|
$
|
161,430.51
|
|||
|
C
|
Reserves in Excess of Requirement
|
-
|
|||
|
D
|
Investment Income
|
$
|
4,759.47
|
||
| 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
|
$
|
(5,076.83)
|
|
||
| M |
AVAILABLE FUNDS
|
$
|
1,307,865.15
|
||
| N |
Non-Cash Principal Activity During Collection Period
|
$ | (327,449.88) | ||
| O |
Non-Reimbursable Losses During Collection Period
|
$
|
8,850.39
|
||
| P |
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
| Q |
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
III.
|
2010-1 Portfolio Characteristics
|
|
07/31/2026
|
06/30/2026
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
5.81%
|
|
22
|
$
|
75,544.46
|
0.076%
|
|
6.44%
|
|
13
|
$
|
60,545.46
|
0.060%
|
|
||||||||||||||||||
|
GRACE
|
8.00%
|
|
1
|
$
|
7,500.00
|
0.008%
|
|
0.00%
|
|
0
|
|
-
|
0.000%
|
|
|||||||||||||||||||
|
DEFERMENT
|
5.50%
|
|
1,557
|
$
|
6,746,564.43
|
6.757%
|
|
6.16%
|
|
1,528
|
$
|
6,625,693.77
|
6.582%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.14%
|
|
16,261
|
$
|
63,659,895.32
|
63.762%
|
|
6.76%
|
|
16,754
|
$
|
65,669,769.07
|
65.239%
|
|
||||||||||||||||||
|
31-60 DAYS DELINQUENT
|
6.14%
|
|
678
|
$
|
3,095,276.97
|
3.100%
|
|
6.74%
|
|
858
|
$
|
3,868,108.41
|
3.843%
|
|
|||||||||||||||||||
|
61-90 DAYS DELINQUENT
|
6.11%
|
|
548
|
$
|
2,666,630.02
|
2.671%
|
|
6.80%
|
|
567
|
$
|
2,804,003.44
|
2.786%
|
|
|||||||||||||||||||
|
91-120 DAYS DELINQUENT
|
6.12%
|
|
297
|
$
|
1,495,854.30
|
1.498%
|
|
6.74%
|
|
303
|
$
|
1,453,165.82
|
1.444%
|
|
|||||||||||||||||||
|
> 120 DAYS DELINQUENT
|
6.17%
|
|
1,089
|
$
|
5,310,872.66
|
5.319%
|
|
6.78%
|
|
1,237
|
$
|
6,118,534.28
|
6.078%
|
|
|||||||||||||||||||
|
FORBEARANCE
|
6.18%
|
|
3,254
|
$
|
15,617,279.25
|
15.642%
|
|
6.80%
|
|
2,710
|
$
|
12,862,530.16
|
12.778%
|
|
|||||||||||||||||||
|
CLAIMS IN PROCESS
|
6.21%
|
|
239
|
$
|
1,165,198.31
|
1.167%
|
|
6.72%
|
|
252
|
$
|
1,197,567.43
|
1.190%
|
|
|||||||||||||||||||
|
TOTAL
|
23,946
|
$
|
99,840,615.72
|
100.00%
|
|
24,222
|
$
|
100,659,917.84
|
100.00%
|
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
IV.
|
2010-1 Portfolio Characteristics (cont’d)
|
|
07/31/2026
|
06/30/2026
|
|||||||
|
Pool Balance
|
$
|
101,185,198.37
|
$
|
101,887,066.52
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
6,118,485.07
|
$
|
6,118,616.85
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
1,344,582.65
|
$
|
1,227,148.68
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
491,199.43
|
$
|
524,465.38
|
||||
|
Total # Loans
|
23,946
|
24,222
|
||||||
|
Total # Borrowers
|
8,937
|
9,037
|
||||||
|
Weighted Average Coupon
|
6.10%
|
|
6.73%
|
|
||||
|
Weighted Average Remaining Term
|
206.69
|
210.26
|
||||||
|
Non-Reimbursable Losses
|
$
|
8,850.39
|
$
|
9,143.70
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
7,006,286.33
|
$
|
6,997,435.94
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-42.82 %
|
|
-42.63 %
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
3,858,431.10
|
$
|
3,858,431.10
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$ |
53,573,217.71
|
$ |
54,634,718.13
|
||||
|
Note Interest Shortfall
|
$ |
2,913,487.25
|
$ |
2,765,973.91
|
||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
335,993.62
|
$
|
367,315.84
|
||||
|
Borrower Interest Accrued
|
$
|
490,218.95
|
$
|
527,484.20
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
25,222.17
|
$
|
27,311.81
|
||||
|
Special Allowance Payments Accrued
|
$
|
37,695.71
|
$
|
21,532.16
|
||||
|
Page 5 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
V.
|
2010-1 Portfolio Statistics by School and Program
|
| A |
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- GSL (1) - Subsidized
|
6.09%
|
|
14,447
|
48,250,840.46
|
48.328%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.06%
|
|
9,206
|
48,666,275.60
|
48.744%
|
|
|||||||||||
|
- PLUS (2) Loans
|
6.88%
|
|
247
|
2,515,756.18
|
2.520%
|
|
|||||||||||
|
- SLS (3) Loans
|
7.15%
|
|
46
|
407,743.48
|
0.408%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.10%
|
|
23,946
|
$
|
99,840,615.72
|
100.000%
|
|
||||||||||
| B |
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
- Four Year
|
6.10%
|
|
18,318
|
81,689,866.85
|
81.820%
|
|
|||||||||||
|
- Two Year
|
6.09%
|
|
4,222
|
13,472,960.75
|
13.494%
|
|
|||||||||||
|
- Technical
|
6.10%
|
|
1,316
|
4,376,769.95
|
4.384%
|
|
|||||||||||
|
- Other
|
6.09%
|
|
90
|
301,018.17
|
0.301%
|
|
|||||||||||
|
Total
|
6.10%
|
|
23,946
|
$
|
99,840,615.72
|
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 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
VI.
|
2010-1 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
1,307,865.15
|
|||||||
| A |
Trustee Fees |
- | $ |
1,307,865.15 |
|||||
|
B
|
Primary Servicing Fee
|
$
|
57,906.41
|
$
|
1,249,958.74
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
1,243,291.74
|
||||
|
D
|
Class A Noteholders’ Interest Distribution Amount
|
$
|
181,791.32
|
$
|
1,061,500.42
|
||||
|
E
|
Class B Noteholders’ Interest Distribution Amount
|
|
-
|
$
|
1,061,500.42
|
||||
| F |
Class A Noteholders’ Principal Distribution Amount
|
$
|
1,061,500.42
|
$ |
(0.00)
|
||||
| G |
Class B Noteholders’ Principal Distribution Amount
|
-
|
$ |
(0.00)
|
|||||
| H |
Reserve Account Reinstatement
|
-
|
$ |
(0.00)
|
|||||
| I |
Unpaid Expenses of The Trustees
|
-
|
$ |
(0.00)
|
|||||
| J |
Carryover Servicing Fee
|
-
|
$ |
(0.00)
|
|||||
| K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$ |
(0.00)
|
|||||
| L |
Excess Distribution Certificateholder
|
-
|
$ |
(0.00)
|
|||||
|
Waterfall Triggers
|
||||||
|
A
|
Student Loan Principal Outstanding
|
$
|
99,840,615.72
|
|||
|
B
|
Interest to be Capitalized
|
$
|
1,344,582.65
|
|||
|
C
|
Capitalized Interest Account Balance
|
-
|
||||
|
D
|
Reserve Account Balance (after any reinstatement)
|
|
-
|
|||
| E |
Less: Specified Reserve Account Balance
|
$
|
(1,211,252.00)
|
|
||
| F |
Total
|
$
|
99,973,946.37
|
|||
| G |
Class A Notes Outstanding (after application of available funds)
|
$
|
53,573,217.71
|
|||
| H |
Insolvency Event or Event of Default Under Indenture
|
Y |
|
|||
| 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)
|
Y |
|
|||
|
Page 7 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
VII.
|
2010-1 Distributions
|
| A |
|
B |
|
|||||
|
Cusip/Isin
|
78445XAA4
|
78445XAB2
|
||||||
|
Beginning Balance
|
$
|
54,634,718.13
|
$
|
36,780,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.40%
|
|
0.90%
|
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
7/27/2026
|
7/27/2026
|
||||||
|
Accrual Period End
|
8/25/2026
|
8/25/2026
|
||||||
|
Daycount Fraction
|
0.08055556
|
0.08055556
|
||||||
|
Interest Rate*
|
4.13056%
|
|
4.63056%
|
|
||||
|
Accrued Interest Factor
|
0.003327396
|
0.000000000
|
||||||
|
Current Interest Due
|
$
|
181,791.32
|
$
|
2,913,487.25
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
$ |
2,776,291.47
|
|||||
|
Total Interest Due
|
$
|
181,791.32
|
$
|
2,913,487.25
|
||||
|
Interest Paid
|
$
|
181,791.32
|
-
|
|||||
|
Interest Shortfall
|
-
|
2,913,487.25
|
||||||
|
Principal Paid
|
$
|
1,061,500.42
|
-
|
|||||
|
Ending Principal Balance
|
$
|
53,573,217.71
|
$
|
36,780,000.00
|
||||
|
Paydown Factor
|
0.000895781
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.045209466
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|
|
VIII.
|
2010-1 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
91,414,718.13
|
|||
|
Adjusted Pool Balance
|
$
|
101,185,198.37
|
|||
|
Overcollateralization Amount
|
$
|
3,000,000.00
|
|||
|
Principal Distribution Amount
|
$
|
54,634,718.13
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,061,500.42
|
|||
| B |
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
|
-
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
-
|
||||
|
Required Reserve Acct Balance
|
$
|
1,211,252.00
|
|||
|
Release to Collection Account
|
-
|
||||
|
Ending Reserve Account Balance
|
|
-
|
|||
| C |
Capitalized Interest Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
| D |
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
10,520.27
|
|||
|
Deposits for the Period
|
$
|
5,076.83
|
|||
|
Release to Collection Account
|
-
|
|
|||
|
Ending Balance
|
$
|
15,597.10
|
|||
| E |
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2010-1 Monthly Servicing Report: Collection Period 07/01/2026 - 07/31/2026, Distribution Date 08/25/2026
|