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Time until (a)Current StatusConversion to RepaymentmonthsTotal Not ConvertedW.A. Time sinceTotal Converted=W.A. Time until Conversion to Repayment includes Grace period!Student Loans Receivable ActivityBeginning Balance Interest CapsConsolidation PaymentsClaim PaymentsBorrower Benefit RebatesSchool Refunds Write-offs Miscellaneous AdjustmentsEnding Balance(a) Footnotes:%Reserve Account - Beginning of PeriodReserve Account - End of Period'Student Loan Asset-Backed Notes, 2012-1Monthly Servicing Report2012-12012-1 A2012-1 BDepartment Reserve FundCollection FundSecond: Trustee FeesThird: Servicing FeesFourth: Administration FeesFifth: Noteholders' InterestSeventh: Noteholders' Principal0Remaining Amount Available for Release to IssuerReserve Fund RequirementSixth: Reserve Fund Requirement+Weighted Average Maturity (WAM) (in months) 90-119 Days Delinquent 924279AC6 924279AD4Loan TransfersRateNon-Guaranteed FFELP2012-1 Indenture Balance Sheet2012 - 1 Cash and Equivalents Revenue Loan Acquisition Debt Service Reserve Total Cash and Equivalents Receivables Investment Interest Student Loans Allowance for Bad Debt Contra SLR - Alt Fees" Deferred Subsidized Fees Student Loan Interest Total Receivables Other Assets Def Bond Issuance, Net Prepaid Expenses Total Other AssetsLiabilities and Net Assets Liabilities Senior Bonds Payable Bond Premium/Discount Sub Bond Payable Bond Interest Payable# Sub Bond Interest Payable Notes Payable" VT Value Rebates Payable% Accrued Yield - US Treasury' Accrued Rebates - US Treasury+ Due To US Department of Education! 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