Common use of Certain Terms of the Notes Clause in Contracts

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 Remarketing Agent and Address: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxxxxxx Xxxxx Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 Class A-4 Reset Rate Notes Title of Indenture: Indenture, dated as of September 1, 2005, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A

Certain Terms of the Notes. Trust: SLM Xxxxx Fargo Student Loan Trust 2005__-8 __ Remarketing Agent Agents and AddressAddresses: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxxxxxx Xxxxx [REMARKETING AGENT 1] [REMARKETING AGENT 2] Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 Class A-4 ___ Reset Rate Notes Title of Indenture: Indenture, dated as of September 1__________, 200520__, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Deutsche Bank Trust Company Americas [ELIGIBLE LENDER TRUSTEE] Indenture Trustee: Deutsche Bank National Trust Company [INDENTURE TRUSTEE] Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Weighted average life of the Notes under several assumed prepayment scenarios: Remarketing Terms Determination Date: Hold Notice Date: Spread Determination Date: Reset Date: Reset Period and next succeeding Reset Date: Interest Rate Mode: ☒ Floating Rate Class A-4 Reset Mode: Index: Interval between Interest Rate NotesChange Dates: Three-Month LIBOR plus 0.55% Spread: ☐ Interest Rate Determination Date(s): Fixed Rate SpreadMode: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed RateWhether principal amortizes periodically or is paid at end of Reset Period Currency Denomination: Foreign Exchange Mode: Minimum Denominations and additional increments: Interest Distribution Dates: Principal Distribution Date(s): Priority of Principal Payments – of both classes of Notes are successfully remarketed on the same Reset Date, whether there will be a change in the relative priorities of the Notes with respect to the right to receive payments of principal Swap Agreement(s): Currency Swap Agreement: Yes No Interest Rate Swap Agreement: Eligible Swap Counterparty Counterparties from which Bids will be Solicited: All Hold Rate (Spread for floating or Counterpartiesfixed rate, as applicable): Day Count Basis: Remarketing Fee (expressed as a percentage of the outstanding principal amount of the Notes, payable except in the case of a Failed Remarketing): Wire Instructions: Other: The foregoing terms are hereby confirmed and agreed to as of this ___ day of _________. XXXXX FARGO STUDENT LOAN TRUST __-__ By: [OWNER TRUSTEE], not in its individual capacity but solely as Owner Trustee By:________________________________________ Name: Title: XXXXX FARGO BANK, N.A., as Administrator By: ________________________________________ Authorized Signatory [REMARKETING AGENT 1] By: ________________________________________ Name: Title: [REMARKETING AGENT 2] By: ________________________________________ Name: Title: By: ________________________________________ Name: Title: SUPPLEMENTAL REMARKETING AGENCY AGREEMENT, dated as of __________, 20__ (this “Agreement”) by and among Xxxxx Fargo Student Loan Trust __-__ (the “Trust”), Xxxxx Fargo Bank, N.A. (the “Administrator”) and [REMARKETING AGENT 1] and [REMARKETING AGENT 2], (each, a “Remarketing Agent” and, collectively, the “Remarketing Agents”). The Remarketing Agents will attempt, on a reasonable efforts basis, to remarket the Class ___ Reset Rate Notes (the “Notes”) described below that have been validly tendered by the holders thereof for sale on __________, 20__ (the “Reset Date”) at a price equal to 100% of the aggregate principal amount so tendered in accordance with the terms hereof and of the Remarketing Agreement, dated as of __________, 20__ (the “Remarketing Agreement”) and the floating rate Remarketing Agency Agreement dated as of __________, 20__ (or rates) the “Remarketing Agency Agreement”), each among the Trust, the Administrator and the Remarketing Agents, the terms of interest payable which are hereby incorporated by reference and made a part hereof. There is no assurance that the Trust Remarketing Agents will be able to each Eligible Swap Counterparty (or Counterparties): N/remarket the entire principal amount of Notes tendered in a remarketing. The Remarketing Agents shall also have the option, but not the obligation, to purchase any tendered Notes at such price. The obligation of the Remarketing Agents to purchase tendered Notes from the tendering Class ___ Noteholders will be subject, without limitation, to the conditions set forth in Section 8 of the Remarketing Agreement. All capitalized terms not otherwise defined in this Agreement have the respective meanings assigned thereto in Appendix A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/Ato the Remarketing Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 9 Remarketing Agent Agents and AddressAddresses: Credit Suisse Securities (USA) LLC Eleven Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxx Xxxx 00000-0000 Attention: Xxxxx Xxxxxxx Deutsche Bank Securities Inc. 00 Xxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Xxxxx Con Accibal Title of Notes: Class A-4 A-6 Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes 280,825,000 Title of Indenture: Indenture, dated as of September November 1, 2005, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) [REDACTED] Standard & Poor’s Ratings Services: AAA (sf) [REDACTED] Fitch Ratings, Inc.: AAAsf [REDACTED] Interest Rate Mode: ☒ x Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR Spread: plus 0.55% Spread: ☐ o Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/AA New Interest Rate: As determined by application of the provisions set forth herein and in the Remarketing Agreement and Remarketing Agency Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 [·] Remarketing Agent Agents and AddressAddresses: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 [·] Facsimile: [·] Attention: Xxxxxxxxxxx Xxxxx [·] [·] Facsimile: [·] Attention: [·] [·] Facsimile: [·] Attention: [·] Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 Class A-4 [·] Reset Rate Notes Title of Indenture: Indenture, dated as of September 1, 2005[·], as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Chase Manhattan Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Mxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Expected weighted average life of the Notes: Remarketing Terms Determination Date: Hold Notice Date: Spread Determination Date: Reset Date: Reset Period and next succeeding Reset Date: Interest Rate Mode: ☒ ¨ Floating Rate Class A-4 Reset Mode: Index: Interval between Interest Rate NotesChange Dates: Three-Month LIBOR plus 0.55% Spread: ☐ Interest Rate Determination Date(s): ¨ Fixed Rate SpreadMode: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed RateCurrency Denomination: ¨ Foreign Exchange Mode: Interest Distribution Date: Swap Agreement(s): ¨ Yes ¨ No ¨ Currency Swap Agreement: ¨ Interest Rate Swap Agreement: Eligible Swap Counterparty Counterparties from which Bids will be Solicited: All Hold Rate (Spread for floating or Counterpartiesfixed rate, as applicable): Day-count Basis: Distribution Dates: Remarketing Fee (expressed as a percentage of the outstanding principal amount of the Notes, payable except in the case of a Failed Remarketing): Wire Instructions: Other: The foregoing terms are hereby confirmed and agreed to as of this day of . SLM STUDENT LOAN TRUST [·] By: CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: Name: Title: SXXXXX MXX, INC., as Administrator By: Authorized Signatory [·] By: Authorized Signatory [·] By: Authorized Signatory [·] By: Authorized Signatory SUPPLEMENTAL REMARKETING AGENCY AGREEMENT, dated as of , , among SLM Student Loan Trust [·] (the “Trust”), Sxxxxx Mae, Inc. (the “Administrator”) and [·], [·] and [·] (collectively, the floating rate “Remarketing Agents”). The Remarketing Agents hereby agree to attempt, on a reasonable efforts basis, to remarket the Reset Rate Notes (or ratesthe “Notes”) of interest payable described below that have been tendered by the Trust holders thereof for sale on the Reset Date specified below at a price equal to 100% of the aggregate principal amount so tendered in accordance with the terms of this Agreement and of the Remarketing Agreement, dated as [·] (the “Remarketing Agreement”), and the Remarketing Agency Agreement dated as of , (the “Remarketing Agency Agreement”), each Eligible Swap Counterparty (or Counterparties): N/among the Trust, the Administrator and the Remarketing Agents, the terms of which are hereby incorporated by reference and made a part of this Agreement. Capitalized terms not otherwise defined in this Agreement have the respective meanings assigned thereto in Appendix A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/Ato the Remarketing Agreement. The Remarketing Agents shall also have the option, but not the obligation, to purchase any tendered Notes at such price. The obligation of the Remarketing Agents to purchase tendered Notes from the tendering Noteholders will be subject, without limitation, to the conditions set forth in Section 8 of the Remarketing Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 20052006-8 5 Remarketing Agent Agents and AddressAddresses: Xxxxxxx LynchXxxxxx Brothers Inc. 000 0xx Xxxxxx, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Deutsche Bank Securities Inc. 00 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 Class A-4 A-[ ]Reset Rate Notes Title of Indenture: Indenture, dated as of September June 1, 20052006, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Chase Bank USA, National Association, Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Weighted average life of the Notes under several assumed prepayment scenarios: Remarketing Terms Determination Date: Hold Notice Date: Spread Determination Date: Reset Date: Reset Period and next succeeding Reset Date: Interest Rate Mode: ☒ ¨ Floating Rate Class A-4 Reset Mode: Index: Interval between Interest Rate NotesChange Dates: Three-Month LIBOR plus 0.55% Spread: ☐ Interest Rate Determination Date(s): ¨ Fixed Rate SpreadMode: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed RateWhether principal amortizes periodically or is paid at end of Reset Period Currency Denomination: ¨ Foreign Exchange Mode: Minimum Denominations and additional increments: Interest Distribution Dates: Principal Distribution Date(s): Priority of Principal Payments – of both classes of Notes are successfully remarketed on the same Reset Date, whether there will be a change in the relative priorities of the Notes with respect to the right to receive payments of principal Swap Agreement(s): ¨ Currency Swap Agreement: ¨ Yes ¨ No ¨ Interest Rate Swap Agreement: Eligible Swap Counterparty Counterparties from which Bids will be Solicited: All Hold Rate (Spread for floating or Counterpartiesfixed rate, as applicable): Day Count Basis: Remarketing Fee (expressed as a percentage of the outstanding principal amount of the Notes, payable except in the case of a Failed Remarketing): Wire Instructions: Other: The foregoing terms are hereby confirmed and agreed to as of this day of . SLM STUDENT LOAN TRUST 2006-5 By: CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: Name: Title: XXXXXX XXX, INC., as Administrator By: Authorized Signatory XXXXXX BROTHERS INC. By: Name: Title: DEUTSCHE BANK SECURITIES INC. By: Name: Title: By: Name: Title: SUPPLEMENTAL REMARKETING AGENCY AGREEMENT, dated as of (this “Agreement”) by and among SLM Student Loan Trust 2006-5 (the “Trust”), Xxxxxx Xxx, Inc. (the “Administrator”) and Xxxxxx Brothers Inc. and Deutsche Bank Securities Inc., (each, a “Remarketing Agent” and, collectively, the “Remarketing Agents”). The Remarketing Agents will attempt, on a reasonable efforts basis, to remarket the Class A-[ ] Reset Rate Notes (the “Notes”) described below that have been validly tendered by the holders thereof for sale on the (the “Reset Date”) at a price equal to 100% of the aggregate principal amount so tendered in accordance with the terms hereof and of the Remarketing Agreement, dated as of June 21, 2006 (the “Remarketing Agreement”) and the floating rate Remarketing Agency Agreement dated as of (or rates) the “Remarketing Agency Agreement”), each among the Trust, the Administrator and the Remarketing Agents, the terms of interest payable which are hereby incorporated by reference and made a part hereof. There is no assurance that the Trust Remarketing Agents will be able to each Eligible Swap Counterparty (or Counterparties): N/remarket the entire principal amount of Notes tendered in a remarketing. The Remarketing Agents shall also have the option, but not the obligation, to purchase any tendered Notes at such price. The obligation of the Remarketing Agents to purchase tendered Notes from the tendering Class A-[ ] Noteholders will be subject, without limitation, to the conditions set forth in Section 8 of the Remarketing Agreement. All capitalized terms not otherwise defined in this Agreement have the respective meanings assigned thereto in Appendix A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/Ato the Remarketing Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 9 Remarketing Agent Agents and AddressAddresses: Credit Suisse First Boston LLC 10 Xxxxxxx LynchXxxxxx, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Deutsche Bank Securities Inc. 60 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Title of Notes: Class A-4 A-[___] Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes $ Title of Indenture: Indenture, Indenture dated as of September November 1, 2005, 2005 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: Chase Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Mxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ o Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ o Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A:

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 7 Lead Remarketing Agents and Addresses: Banc of America Securities LLC Mail Code: NY1-301-02-01 0 Xxxx 00xx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Deutsche Bank Securities Inc. 00 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Co-Lead Remarketing Agent and Address: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Incorporated Xxxxxxx Xxxxx World Headquarters 4 World Financial Center Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Xxxxx Title of Notes: Class A-4 A-3 Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 266,000,000 of Class A-4 Reset Rate A-3 Notes Title of Indenture: Indenture, Indenture dated as of September August 1, 2005, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: The Bank of New York Trust Company N.A., as successor eligible lender trustee to Chase Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Aaa Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf AAA Interest Rate Mode: ☒ [X] Floating Rate Class A-4 Reset Rate NotesSpread: plus 1.35% Three-Month LIBOR plus 0.55% Spread: ☐ [ ] Fixed Rate Spread: N/A N/A Yield to Maturity of Fixed Rate Pricing Benchmark: N/A Fixed Rate: N/A The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/AThree-Month LIBOR plus 1.20% New Interest Rate: As determined by application of the provisions set forth herein and in the Remarketing Agreements and Remarketing Agency Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 6 Remarketing Agent Agents and AddressAddresses: Xxxxxxx LynchCitigroup Global Markets Inc. 000 Xxxxxxxxx Xxxxxx, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Xxxxxxx, Sachs & Co. 00 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Title of Notes: Class A-4 A-5B Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes $ Title of Indenture: Indenture, Indenture dated as of September July 1, 2005, 2005 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: Chase Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ ¨ Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ ¨ Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A:

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 7 Remarketing Agent Agents and AddressAddresses: Banc of America Securities LLC Global Asset Backed Securitization 214 Xxxxx Xxxxx Xx. NC1-027-21-04 Charlotte, NC 28255 Deutsche Bank Securities Inc. 60 Wxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00005 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Incorporated 250 Xxxxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Xxxxx Title Xxtle of Notes: Class A-4 A-3 Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes _________ Title of Indenture: Indenture, Indenture dated as of September August 1, 2005, 2005 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: The Bank of New York Trust Company, N.A. Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Aaa Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf AAA Interest Rate Mode: ☒ [X] Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ [ ] Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A:

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005200[ ]-8 [ ] Remarketing Agent Agents and AddressAddresses: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxxxxxx Xxxxx Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 Class A-4 Reset A-[__]Reset Rate Notes Title of Indenture: Indenture, dated as of September 1[ ], 200520[ ], as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Weighted average life of the Notes under several assumed prepayment scenarios: Remarketing Terms Determination Date: Hold Notice Date: Spread Determination Date: Reset Date: Reset Period and next succeeding Reset Date: Interest Rate Mode: ☒ ¨ Floating Rate Class A-4 Reset Mode: Index: Interval between Interest Rate NotesChange Dates: Three-Month LIBOR plus 0.55% Spread: ☐ Interest Rate Determination Date(s): ¨ Fixed Rate SpreadMode: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed RateWhether principal amortizes periodically or is paid at end of Reset Period Currency Denomination: ¨ Foreign Exchange Mode: Minimum Denominations and additional increments: Interest Distribution Dates: Principal Distribution Date(s): Priority of Principal Payments – of both classes of Notes are successfully remarketed on the same Reset Date, whether there will be a change in the relative priorities of the Notes with respect to the right to receive payments of principal Swap Agreement(s): ¨ Currency Swap Agreement: ¨ Yes ¨ No ¨ Interest Rate Swap Agreement: Eligible Swap Counterparty Counterparties from which Bids will be Solicited: All Hold Rate (Spread for floating or Counterpartiesfixed rate, as applicable): Day Count Basis: Remarketing Fee (expressed as a percentage of the outstanding principal amount of the Notes, payable except in the case of a Failed Remarketing): Wire Instructions: Other: The foregoing terms are hereby confirmed and agreed to as of this ____ day of _________. SLM STUDENT LOAN TRUST 200[ ]-[ ] By: [ ], not in its individual capacity but solely as Eligible Lender Trustee By: ___________________________ Name: Title: XXXXXX XXX, INC., as Administrator By: ___________________________ Authorized Signatory [ ] By: ___________________________ Name: Title: [ ] By: ___________________________ Name: Title: By: ___________________________ Name: Title: SUPPLEMENTAL REMARKETING AGENCY AGREEMENT, dated as of _______ (this “Agreement”) by and among SLM Student Loan Trust 200[ ]-[ ] (the “Trust”), Xxxxxx Xxx, Inc. (the “Administrator”) and [ ] and [ ], (each, a “Remarketing Agent” and, collectively, the “Remarketing Agents”). The Remarketing Agents will attempt, on a reasonable efforts basis, to remarket the Class A-[__] Reset Rate Notes (the “Notes”) described below that have been validly tendered by the holders thereof for sale on the _____________ (the “Reset Date”) at a price equal to 100% of the aggregate principal amount so tendered in accordance with the terms hereof and of the Remarketing Agreement, dated as of [ ], 20[ ] (the “Remarketing Agreement”) and the floating rate Remarketing Agency Agreement dated as of ____________ (or rates) the “Remarketing Agency Agreement”), each among the Trust, the Administrator and the Remarketing Agents, the terms of interest payable which are hereby incorporated by reference and made a part hereof. There is no assurance that the Trust Remarketing Agents will be able to each Eligible Swap Counterparty (or Counterparties): N/remarket the entire principal amount of Notes tendered in a remarketing. The Remarketing Agents shall also have the option, but not the obligation, to purchase any tendered Notes at such price. The obligation of the Remarketing Agents to purchase tendered Notes from the tendering Class A-[__] Noteholders will be subject, without limitation, to the conditions set forth in Section 8 of the Remarketing Agreement. All capitalized terms not otherwise defined in this Agreement have the respective meanings assigned thereto in Appendix A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/Ato the Remarketing Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 9 Remarketing Agent Agents and AddressAddresses: Xxxxxxx Lynch, Pierce, Credit Suisse Securities (USA) LLC Eleven Mxxxxxx Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxx Xxxx 00000-0000 Attention: Cxxxx Xxxxxxx Deutsche Bank Securities Inc. 60 Xxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Xxxxx Con Accibal Title of Notes: Class A-4 A-7A Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 597,500,000 Class A-4 A-7A Reset Rate Notes Title of Indenture: Indenture, dated as of September November 1, 2005, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Mxxxx’x Investors Service, Inc.: Aaa(sfAa3(sf) Standard & Poor’s Ratings Services: AAA (sfAA+(sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ Floating Rate Spread: Class A-4 A-7A Reset Rate Notes: Three-Month LIBOR plus 0.550.60% Spread: ☐ Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 6 Remarketing Agent Agents and AddressAddresses: Credit Suisse Securities (USA) LLC Eleven Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx IncorporatedIncorporated 000 Xxxxx Xxxxxx New York, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxxxxxx Xxxxx New York 10080 Title of Notes: Class A-4 A-5B Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes _________ Title of Indenture: Indenture, Indenture dated as of September July 1, 2005, 2005 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: The Bank of New York Mellon Trust Company, National Association (formerly known as The Bank of New York Trust Company, N.A.) Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Aaa Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf AAA Interest Rate Mode: ☒ x Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ ¨ Fixed Rate N/A Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: N/A Fixed Rate: N/A The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/AThree-Month LIBOR plus New Interest Rate: As determined by application of the provisions set forth herein and in the Remarketing Agreements and Remarketing Agency Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 20052006-8 5 Remarketing Agent Agents and AddressAddresses: Xxxxxxx LynchXxxxxx Brothers Inc. 000 0xx Xxxxxx, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Deutsche Bank Securities Inc. 00 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Title of Notes: Class A-4 A-[ ] Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes $ Title of Indenture: Indenture, Indenture dated as of September June 1, 2005, 2006 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: Chase Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ ¨ Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ ¨ Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A:

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 Remarketing Agent Agents and AddressAddresses: Xxxxxxx Deutsche Bank Securities Inc. 60 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Mxxxxxx Lynch, Pierce, Fxxxxx & Sxxxx Incorporated 200 Xxxxx Xxxxxx & Xxxxx IncorporatedNew York, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxxxxxx Xxxxx New York 10080 Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes ___ Title of Indenture: Indenture, Indenture dated as of September 1, 2005, 2005 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: Chase Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Mxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ o Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ o Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A:

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 9 Remarketing Agent Agents and AddressAddresses: Credit Suisse First Boston LLC 10 Xxxxxxx LynchXxxxxx, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Deutsche Bank Securities Inc. 60 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 Class A-4 Reset A-[___]Reset Rate Notes Title of Indenture: Indenture, dated as of September November 1, 2005, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: Chase Bank USA, National Association, Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Mxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Weighted average life of the Notes under several assumed prepayment scenarios: Remarketing Terms Determination Date: Hold Notice Date: Spread Determination Date: Reset Date: Reset Period and next succeeding Reset Date: Interest Rate Mode: ☒ Floating oFloating Rate Class A-4 Reset Mode: Index: Interval between Interest Rate NotesChange Dates: Three-Month LIBOR plus 0.55% Spread: ☐ Interest Rate Determination Date(s): o Fixed Rate SpreadMode: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed RateWhether principal amortizes periodically or is paid at end of Reset Period Currency Denomination: o Foreign Exchange Mode: Minimum Denominations and additional increments: Interest Distribution Dates: Principal Distribution Date(s): Priority of Principal Payments – of both classes of Notes are successfully remarketed on the same Reset Date, whether there will be a change in the relative priorities of the Notes with respect to the right to receive payments of principal Swap Agreement(s): o Yes o No o Currency Swap Agreement: o Interest Rate Swap Agreement: Eligible Swap Counterparty Counterparties from which Bids will be Solicited: All Hold Rate (Spread for floating or Counterpartiesfixed rate, as applicable): Day Count Basis: Remarketing Fee (expressed as a percentage of the outstanding principal amount of the Notes, payable except in the case of a Failed Remarketing): Wire Instructions: Other: The foregoing terms are hereby confirmed and agreed to as of this ___day of ___. SLM STUDENT LOAN TRUST 2005-9 By: CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: Name: Title: SXXXXX MXX, INC., as Administrator By: Authorized Signatory CREDIT SUISSE FIRST BOSTON LLC By: Name: Title: DEUTSCHE BANK SECURITIES INC. By: Name: Title: By: Name: Title: SUPPLEMENTAL REMARKETING AGENCY AGREEMENT, dated as of (this “Agreement”) by and among SLM Student Loan Trust 2005-9 (the “Trust”), Sxxxxx Mae, Inc. (the “Administrator”) and Credit Suisse First Boston LLC and Deutsche Bank Securities Inc., (each, a “Remarketing Agent” and, collectively, the “Remarketing Agents”). The Remarketing Agents will attempt, on a reasonable efforts basis, to remarket the Class A-[___] Reset Rate Notes (the “Notes”) described below that have been validly tendered by the holders thereof for sale on the (the “Reset Date”) at a price equal to 100% of the aggregate principal amount so tendered in accordance with the terms hereof and of the Remarketing Agreement, dated as of November 4, 2005 (the “Remarketing Agreement”) and the floating rate Remarketing Agency Agreement dated as of (or rates) the “Remarketing Agency Agreement”), each among the Trust, the Administrator and the Remarketing Agents, the terms of interest payable which are hereby incorporated by reference and made a part hereof. There is no assurance that the Trust Remarketing Agents will be able to each Eligible Swap Counterparty (or Counterparties): N/remarket the entire principal amount of Notes tendered in a remarketing. The Remarketing Agents shall also have the option, but not the obligation, to purchase any tendered Notes at such price. The obligation of the Remarketing Agents to purchase tendered Notes from the tendering Class A-[___] Noteholders will be subject, without limitation, to the conditions set forth in Section 8 of the Remarketing Agreement. All capitalized terms not otherwise defined in this Agreement have the respective meanings assigned thereto in Appendix A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/Ato the Remarketing Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 5 Remarketing Agent Agents and AddressAddresses: Xxxxxxx LynchCitigroup Global Markets Inc. 000 Xxxxxxxxx Xxxxxx, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx 0xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Xxxxxxx, Xxxxx & Co. 00 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Title of Notes: Class A-4 A-5 Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes $ Title of Indenture: Indenture, Indenture dated as of September June 1, 2005, 2005 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: Chase Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ ¨ Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ ¨ Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A:

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 7 Remarketing Agent Agents and AddressAddresses: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, successor by merger to Banc of America Securities LLC Xxx Xxxxxx XxxxGlobal Asset Backed Securitization 000 Xxxxx Xxxxx Xx. NC1-027-21-04 Charlotte, Xxxxxx NC 28255 Deutsche Bank Securities Inc. 00 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX Xxx Xxxx 00000 Attention: Xxxxxxxxxxx Xxxxx Title of Notes: Class A-4 [A-3][A-5] Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes $ Title of Indenture: Indenture, Indenture dated as of September August 1, 2005, 2005 as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: Chase Bank USA, National Association Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf Interest Rate Mode: ☒ o Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ o Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/A:

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 7 Remarketing Agent Agents and AddressAddresses: Banc of America Securities LLC Global Asset Backed Securitization 000 Xxxxx Xxxxx Xx. NC1-027-21-04 Charlotte, NC 28255 Deutsche Bank Securities Inc. 00 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 10005 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx IncorporatedIncorporated 000 Xxxxx Xxxxxx New York, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxxxxxx Xxxxx New York 10080 Title of Notes: Class A-4 Reset Rate Notes Principal Amount of Notes to be Purchased: $293,905,607.00 Class A-4 A-3 Reset Rate Notes Title of Indenture: Indenture, dated as of September August 1, 2005, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Eligible Lender Trustee: The Bank of New York Trust Company, N.A. Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Aaa Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings: AAA Weighted average life of the Notes under several assumed prepayment scenarios: Remarketing Terms Determination Date: April 15, Inc.2008 Hold Notice Date: AAAsf April 17, 2008 Spread Determination Date: April 22, 2008 Reset Date: April 25, 2008 Reset Period and next succeeding Reset Date: N/A Interest Rate Mode: ☒ [X] Floating Rate Class A-4 Reset Rate NotesMode: Index: Three-Month LIBOR plus 0.55% SpreadInterval between Interest Rate Change Dates: ☐ Interest Rate Determination Date(s): [ ] Fixed Rate SpreadMode: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed RateWhether principal amortizes periodically or is paid at end of Reset Period Currency Denomination: [ ] Foreign Exchange Mode: Minimum Denominations and additional increments: Interest Distribution Dates: Principal Distribution Date(s): Priority of Principal Payments – of both classes of Notes are successfully remarketed on the same Reset Date, whether there will be a change in the relative priorities of the Notes with respect to the right to receive payments of principal Swap Agreement(s): [ ] Currency Swap Agreement: [ ] Yes [ ] No [ ] Interest Rate Swap Agreement: Eligible Swap Counterparty Counterparties from which Bids will be Solicited: All Hold Rate (Spread for floating or Counterpartiesfixed rate, as applicable): Day Count Basis: Actual/360 Remarketing Fee (expressed as a percentage of the outstanding principal amount of the Notes, payable except in the case of a Failed Remarketing): Wire Instructions: Other: The foregoing terms are hereby confirmed and agreed to as of this ____ day of _________. SLM STUDENT LOAN TRUST 2005-7 By: The Bank of New York Trust Company, N.A., not in its individual capacity but solely as Eligible Lender Trustee By: Name: Title: XXXXXX XXX, INC., as Administrator By: Authorized Signatory BANC OF AMERICA SECURITIES LLC By: Name: Title: DEUTSCHE BANK SECURITIES INC. By: Name: Title: By: Name: Title: XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED By: Name: Title: SUPPLEMENTAL REMARKETING AGENCY AGREEMENT, dated as of _______ (this “Agreement”) by and among SLM Student Loan Trust 2005-7 (the “Trust”), Xxxxxx Mae, Inc. (the “Administrator”) and Banc of America Securities LLC, Deutsche Bank Securities Inc. and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated (each, a “Remarketing Agent” and, collectively, the “Remarketing Agents”). The Remarketing Agents will attempt, on a reasonable efforts basis, to remarket the Class A-3 Reset Rate Notes (the “Notes”) described below that have been validly tendered by the holders thereof for sale on the _____________ (the “Reset Date”) at a price equal to 100% of the aggregate principal amount so tendered in accordance with the terms hereof and of the Remarketing Agreements, dated as of August 11, 2005 and April 2, 2008 (the “Remarketing Agreements”) and the floating rate Remarketing Agency Agreement dated as of ____________ (or rates) the “Remarketing Agency Agreement”), among the Trust, the Administrator and the Remarketing Agents, the terms of interest payable which are hereby incorporated by reference and made a part hereof. There is no assurance that the Trust Remarketing Agents will be able to each Eligible Swap Counterparty (or Counterparties): N/remarket the entire principal amount of Notes tendered in a remarketing. The Remarketing Agents shall also have the option, but not the obligation, to purchase any tendered Notes at such price. The option of the Remarketing Agents to purchase tendered Notes from the tendering Class A-3 Noteholders will be subject, without limitation, to the conditions set forth in Section 8 of the Remarketing Agreements. All capitalized terms not otherwise defined in this Agreement have the respective meanings assigned thereto in Appendix A Currency Denomination: U.S. Dollars Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/Ato the Remarketing Agreement.

Certain Terms of the Notes. Trust: SLM Student Loan Trust 2005-8 6 Remarketing Agent Agents and AddressAddresses: Credit Suisse Securities (USA) LLC Eleven Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx IncorporatedIncorporated 000 Xxxxx Xxxxxx New York, successor by merger to Banc of America Securities LLC Xxx Xxxxxx Xxxx, Xxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxxxxxx Xxxxx New York 10080 Title of Notes: Class A-4 A-5B Reset Rate Notes Principal Amount of Notes to be PurchasedRemarketed: $293,905,607.00 Class A-4 Reset Rate Notes 327,970,000 Title of Indenture: Indenture, dated as of September July 1, 2005, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee and the Indenture Trustee. Trustee Eligible Lender Trustee: The Bank of New York Mellon Trust Company, National Association (formerly known as The Bank of New York Trust Company, N.A.) Indenture Trustee: Deutsche Bank Trust Company Americas Indenture Trustee: Deutsche Bank National Trust Company Current Ratings: Xxxxx’x Investors Service, Inc.: Aaa(sf) Aaa Standard & Poor’s Ratings Services: AAA (sf) Fitch Ratings, Inc.: AAAsf AAA Interest Rate Mode: ☒ x Floating Rate Class A-4 Reset Rate Notes: Three-Month LIBOR plus 0.55% Spread: ☐ 1.20% ¨ Fixed Rate N/A Spread: N/A Yield to Maturity of Fixed Rate Pricing Benchmark: N/A Fixed Rate: N/A The Eligible Swap Counterparty (or Counterparties) and the floating rate (or rates) of interest payable by the Trust to each Eligible Swap Counterparty (or Counterparties): N/A Currency Denomination: U.S. Dollars Dollar Currency Exchange Rate: N/A Extension Rate: N/A All Hold Rate: N/AThree-Month LIBOR plus 0.75% New Interest Rate: As determined by application of the provisions set forth herein and in the Remarketing Agreements and Remarketing Agency Agreement.