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Warning TextXTableStyleMedium2PivotStyleLight1683ffff̙̙3f3fff3f3f33333f33333\`TPrivate Collection and Waterfalld Balance Sheet* );= ;>^  ;   ;  ; "fVf@ @vn( 3 A@@  ~qIssuer Deal NameDistribution DateWebsiteClassCollection Period CUSIP Beg Princ BalInterest AccrualPrincipal Paid End Princ BalOriginal Balance% of Securities (a) Footnotes (b) FootnotesPortfolio SummaryPrincipal Balance Beg Balance End BalanceActivityAccrued InterestTotal Pool BalanceTotal Accounts BalanceTotal Trust AssetsWeghted Average Maturity (WAM)Weighted Average Coupon (WAC)Number of LoansNumber of BorrowersAverage FICO ScoreFunds and Accounts Total AssetsSenior Parity %Total Parity %Portfolio by Loan Status Repayment CurrentClaims in Progress Claims Denied # of Loans BeginningEnding % of BalanceTotal Portfolio Other LoansBalancePortfolio by School TypePortfolio Indices Fixed Loans T-Bill Loans Prime Loans1 Month LIBOR Loans3 Month LIBOR LoansCP LoansTotal % of Total%Monthly/Quarterly Distribution ReportOvercollateralization Amount3Specified Overcollateralization Amount (no Trigger)Balance Sheet and ParityAssets Loans Receivable Liabilities Bonds PayableTotal Liabilities( Accrued Interest Receivable on LoansMaturity Total BalanceAverage Borrower IndebtednessRate# Accrued Interest on Senior Bonds Total Liabilities and Net Assets Balance Sheet Proprietary Total Balance$Monitoring Waterfall and CollectionsCollection PeriodCollection Activity$Principal and Interest DistributionsMonthly Interest DueMonthly Interest PaidCollection Amount ReceivedInterest Shortfall RecoveriesInterest Carryover DueInterest Carryover PaidInterest CarryoverTotal Distribution AmountInvestment IncomeAll Fees%Other Amounts Received in Collection Total Available FundsWaterfall ActivityWaterfall for Distribution Amount DueAmount Remaining Contact EmailDelinquency Status"Distribution by FICO Credit Scores Less than 650 650 - 700 700 - 750 750 - 800800 + As of DateBal after WaterfallCumulative Default Rate Cumulative Default Rate2007 YY 30-59 Days Delinquent 60-89 Days Delinquent 90-119 Days Delinqent 150-179 Days Delinquent 120-149 Days Delinquent 180-209 Days Delinquent 210-239 Days Delinquent 240+ Days Delinquent4 Year2 YearForeign VocationalOther / Unknown Refunds Due&й Cash and Equivalents Revenue Loan Acquisition 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 Interest Payable" VT Value Rebates Payable% Accrued Yield - US Treasury' Accrued Rebates - US Treasury+ Due To US Department of Education! Due To/From Other Funds Total Liabilities Net Assets' Restricted by Bond Resolution Total Net Assets@Cumulative Recoveries (including reimbursements and collections) Payments from Guarantor Borrower Recoveries Recovery RateCumulative Net LossTotal Fees and Program Expenses 6/30/2010) Current Period Defaults and Write-offs% Cumulative Defaults and Write-offs Other FeesD Loans for which claims have been filed as of Distribution Date www.vsac.orgMonthly Interest AccruedAccrued Interest CarryoverExempt IRS Status2010A-1 92428C FQ 2 92428C FR 0 92428C FS 8 92428C FT 6 92428C FU 3 92428C FV 1 92428C FW 9 92428C FX 7 92428C FY 5 92428C FZ 2 92428C GA 6 92428C GB 4In School DefermentInterest Only Repayment Notes/Bonds-Student Loan Backed Reporting - Private LoansGrace(a)-Loans in Grace status are not fully disbursedReduced Payment ForbearanceNo Payment Forbearance8/3/10 - 9/30/10 Revenue Fund&Available Funds at Beginning of PeriodeSecond: To the Operating Fund for payment of Servicing and Administrative Fees and Indenture Expenses2Third: To the Debt Service Fund - Interest Account$Debt Service Fund - Interest Account%Debt Service Fund - Principal Account&Debt Service Fund - Retirement AccountDebt Service Reserve Fund4Fourth: To the Debt Service Fund - Principal AccountFFirst: To the Rebate Fund for Rebate or Excess Earnings Tax ComplianceiFifth: To the Debt Service Reserve Fund if necessary to restore the Debt Service Reserve Fund RequirementEServicing Fees, Indenture and Program Expenses Due for Current PeriodIndenture Expenses<Sixth: To the Operating Fund for payment of Program ExpensesISeventh: To the Student Loan Fund during any applicable Recycling Period TEighth: To the Debt Service Retirement Account (after any Recycling Period end date) _Ninth: Released to the Corporation if Senior Parity Percentage conditions are met after release !Servicing and Administrative FeesProgram Expenses2010 A Indenture2010 A 9/30/2010 Debt Service Reserve Cap Int! Debt Service - Interest" Debt Service - Principal FIB SAP Bond Premium/Discount Notes Payable Revenue Account" Loan Acquisition Account Cap Interest Account& Debt Service Reserve Account) Debt Service Account - Interest* Debt Service Account - Principal! 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