|
Page 1 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
I.
|
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
02/14/2013
|
07/31/2026
|
08/31/2026
|
|||||||||
|
Principal Balance
|
$
|
1,181,837,043.20
|
$
|
205,071,773.39
|
$
|
204,303,873.21
|
|||||||
|
Interest to be Capitalized Balance
|
27,971,606.70
|
3,606,931.45
|
3,606,060.25
|
||||||||||
|
Pool Balance
|
$
|
1,209,808,649.90
|
$
|
208,678,704.84
|
$
|
207,909,933.46
|
|||||||
|
Specified Reserve Account Balance
|
9,373,341.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool (1)
|
$
|
1,219,181,990.90
|
$
|
208,678,704.84
|
$
|
207,909,933.46
|
|||||||
|
Weighted Average Coupon (WAC)
|
6.88%
|
|
6.90%
|
|
6.90%
|
|
|||||||
|
Number of Loans
|
271,308
|
29,362
|
29,119
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
565,481.11
|
$
|
565,140.08
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
208,113,223.73
|
$
|
207,344,793.38
|
|||||||||
|
Pool Factor
|
0.166972505
|
0.166357379
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
(76.23)%
|
|
(75.91)%
|
|
|||||||||
| (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
|
08/25/2026
|
09/25/2026
|
||||||
|
A3
|
78447MAC2
|
$
|
171,591,917.79
|
$
|
170,830,834.13
|
|||||
|
B
|
78447MAD0
|
$
|
35,000,000.00
|
$
|
35,000,000.00
|
|||||
|
C
|
Account Balances
|
08/25/2026
|
09/25/2026
|
||||||
|
Reserve Account Balance
|
$
|
1,249,779.00
|
$
|
1,249,779.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
536,694.65
|
$
|
171,917.04
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
08/25/2026
|
09/25/2026
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
208,678,704.84
|
$
|
207,909,933.46
|
|||||
|
Total Notes
|
$
|
206,591,917.79
|
$
|
205,830,834.13
|
|||||
|
Difference
|
$
|
2,086,787.05
|
$
|
2,079,099.33
|
|||||
|
Parity Ratio
|
1.01010
|
1.01010
|
|||||||
|
Page 2 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
II.
|
Trust Activity 08/01/2026 through 08/31/2026
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
427,101.09
|
||||
|
Guarantor Principal
|
681,649.77
|
||||
|
Consolidation Activity Principal
|
271,756.11
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,380,506.97
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
261,631.28
|
||||
|
Guarantor Interest
|
36,654.21
|
||||
|
Consolidation Activity Interest
|
10,247.49
|
||||
|
Special Allowance Payments
|
99,594.95
|
||||
|
Interest Subsidy Payments
|
133,671.79
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
0.00 | ||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
13,309.59
|
||||
|
Total Interest Receipts
|
$
|
555,109.31
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
13,740.21
|
||
|
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
|
$ |
536,694.65
|
||
|
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
|
$ |
(536,743.35)
|
|||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(171,917.04)
|
|||
|
M
|
AVAILABLE FUNDS
|
$
|
1,777,390.75
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(612,606.79)
|
||
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
15,838.55
|
||
|
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 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
III.
|
2013-1 Portfolio Characteristics
|
|
08/31/2026
|
07/31/2026
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal |
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.58%
|
|
42
|
$
|
210,915.46
|
0.103%
|
|
6.65%
|
|
35
|
$
|
165,352.46
|
0.081%
|
|
||||||||||||||||||
|
|
GRACE
|
0.00%
|
|
0 |
|
- |
0.000%
|
|
6.30%
|
|
7
|
$
|
45,563.00
|
0.022%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
6.79%
|
|
1,818
|
$
|
11,419,554.22
|
5.589%
|
|
6.78%
|
|
1,913
|
$
|
11,857,620.55
|
5.782%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.92%
|
|
19,271
|
$
|
129,841,475.80
|
63.553%
|
|
6.92%
|
|
19,471
|
$
|
130,601,813.83
|
63.686%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.95%
|
|
945
|
$
|
8,431,139.54
|
4.127%
|
|
6.90%
|
|
882
|
$
|
7,171,863.04
|
3.497%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.89%
|
|
636
|
$
|
5,269,514.08
|
2.579%
|
|
6.83%
|
|
669
|
$
|
6,008,018.27
|
2.930%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.86%
|
|
434
|
$
|
3,885,772.83
|
1.902%
|
|
6.92%
|
|
455
|
$
|
3,632,646.30
|
1.771%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.91%
|
|
1,344
|
$
|
10,770,970.21
|
5.272%
|
|
6.88%
|
|
1,332
|
$
|
10,808,169.59
|
5.270%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.89%
|
|
4,332
|
$
|
32,054,730.58
|
15.690%
|
|
6.90%
|
|
4,314
|
$
|
32,713,425.82
|
15.952%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.84%
|
|
297
|
$
|
2,419,800.49
|
1.184%
|
|
6.81%
|
|
284
|
$
|
2,067,300.53
|
1.008%
|
|
||||||||||||||||||
|
TOTAL
|
29,119 |
$
|
204,303,873.21 |
100.00% |
|
29,362
|
$
|
205,071,773.39
|
100.00% |
|
|||||||||||||||||||||||
|
Page 4 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
IV.
|
2013-1 Portfolio Characteristics (cont’d)
|
|
08/31/2026
|
07/31/2026
|
|||||||
|
Pool Balance
|
$
|
207,909,933.46
|
$
|
208,678,704.84
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
12,365,237.63
|
$
|
12,158,690.86
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
3,606,060.25
|
$
|
3,606,931.45
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,058,939.85
|
$
|
1,016,035.90
|
||||
|
Total # Loans
|
29,119
|
29,362
|
||||||
|
Total # Borrowers
|
11,589
|
11,691
|
||||||
|
Weighted Average Coupon
|
6.90%
|
|
6.90%
|
|
||||
|
Weighted Average Remaining Term
|
202.90
|
202.55
|
||||||
|
Non-Reimbursable Losses
|
$
|
15,838.55
|
$
|
24,104.35
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,893,060.12
|
$
|
6,877,221.57
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-75.91%
|
|
-76.23%
|
|
||||
|
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
|
|
-
|
-
|
|||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
629,661.87
|
$
|
632,557.13
|
||||
|
Borrower Interest Accrued
|
$
|
1,143,519.68
|
$
|
1,148,743.11
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
42,682.89
|
$
|
43,725.54
|
||||
|
Special Allowance Payments Accrued
|
$
|
37,454.44
|
$
|
36,285.46
|
||||
|
Page 5 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
V.
|
2013-1 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- GSL (1) - Subsidized
|
6.74%
|
|
15,186
|
73,762,612.27
|
36.104%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.77%
|
|
13,264
|
113,134,677.02
|
55.376%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.48%
|
|
665
|
17,384,813.65
|
8.509%
|
|
|||||||||||
|
- SLS (3) Loans
|
7.13%
|
|
4
|
21,770.27
|
0.011%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.90%
|
|
29,119
|
$
|
204,303,873.21
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- Four Year
|
6.92%
|
|
22,730
|
169,840,540.27
|
83.131%
|
|
|||||||||||
|
- Two Year
|
6.80%
|
|
5,114
|
27,465,845.68
|
13.444%
|
|
|||||||||||
|
- Technical
|
6.80%
|
|
1,275
|
6,997,487.26
|
3.425%
|
|
|||||||||||
|
- Other
|
0.00%
|
|
0 |
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.90%
|
|
29,119
|
$
|
204,303,873.21
|
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 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
VI.
|
2013-1 Waterfall for Distributions
|
|
|
Paid
|
Remaining
Funds Balance
|
|||||||
|
Total Available Funds
|
$
|
1,777,390.75
|
|||||||
|
A
|
Trustee Fees |
- |
$ |
1,777,390.75
|
|||||
|
B
|
Primary Servicing Fee
|
$
|
60,516.95
|
$
|
1,716,873.80
|
||||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
1,710,206.80
|
||||
|
D
|
Class A Noteholders’ Interest Distribution Amount
|
$
|
636,500.06
|
$
|
1,073,706.74
|
||||
| E |
Class B Noteholders’ Interest Distribution Amount
|
$
|
167,502.00
|
$
|
906,204.74
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
906,204.74
|
|||||
|
G
|
Class A Noteholders’ Principal Distribution Amount
|
$ |
761,083.66 | $ |
145,121.08
|
||||
| H |
Class B Noteholders’ Principal Distribution Amount
|
-
|
$ |
145,121.08
|
|||||
| I |
Unpaid Expenses of The Trustees
|
-
|
$ |
145,121.08
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
$ |
145,121.08
|
|||||
| K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$ |
145,121.08
|
|||||
| L |
Excess Distribution Certificateholder
|
$ |
145,121.08 |
-
|
|||||
|
Waterfall Triggers
|
|||||
| A |
Student Loan Principal Outstanding
|
$
|
204,303,873.21
|
||
|
B
|
Interest to be Capitalized
|
$
|
3,606,060.25
|
||
| 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
|
$
|
207,909,933.46
|
||
| G |
Class A Notes Outstanding (after application of available funds)
|
$
|
170,830,834.13
|
||
| 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 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
VII.
|
2013-1 Distributions
|
|
A3
|
B
|
|||||||
|
Cusip/Isin
|
78447MAC2
|
78447MAD0
|
||||||
|
Beginning Balance
|
$
|
171,591,917.79
|
$
|
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
|
8/25/2026
|
8/25/2026
|
||||||
|
Accrual Period End
|
9/25/2026
|
9/25/2026
|
||||||
|
Daycount Fraction
|
0.08611111
|
0.08611111
|
||||||
|
Interest Rate*
|
4.30767% |
|
5.55767% |
|
||||
|
Accrued Interest Factor
|
0.003709383
|
0.004785771
|
||||||
|
Current Interest Due
|
$
|
636,500.06
|
$
|
167,502.00
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
636,500.06
|
$
|
167,502.00
|
||||
|
Interest Paid
|
$
|
636,500.06
|
$
|
167,502.00
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
761,083.66
|
-
|
|||||
|
Ending Principal Balance
|
$
|
170,830,834.13
|
$
|
35,000,000.00
|
||||
|
Paydown Factor
|
0.001414654
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.317529431
|
1.000000000
|
||||||
|
Page 8 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|
|
VIII.
|
2013-1 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
206,591,917.79
|
|||
|
Adjusted Pool Balance
|
$
|
207,909,933.46
|
|||
|
Overcollateralization Amount
|
$
|
2,079,099.33
|
|||
|
Principal Distribution Amount
|
$
|
761,083.66
|
|||
|
Principal Distribution Amount Paid
|
$
|
761,083.66
|
|||
|
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
|
$
|
536,694.65
|
|||
|
Deposits for the Period
|
$
|
171,917.04
|
|||
|
Release to Collection Account
|
$ |
(536,694.65)
|
|||
|
Ending Balance
|
$
|
171,917.04
|
|||
|
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 08/01/2026 - 08/31/2026, Distribution Date 09/25/2026
|