Common use of Certain Terms of the Notes Clause in Contracts

Certain Terms of the Notes. Trust: SLC Student Loan Trust 20__-__ Remarketing Agents and Addresses: ____________________________ Title of Notes: Class A-[__]Reset Rate Notes Principal Amount of Notes to be Remarketed $ Title of Indenture: Indenture, dated as of ___________, 20__, as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee, the Indenture Trustee and Indenture Administrator. Eligible Lender Trustee: _______________________________ Indenture Trustee: _______________________________ Indenture Administrator: _______________________________ Current Ratings: Xxxxx'x Investors Service, Inc.: Standard & Poor's Ratings Services: Fitch Ratings: Interest Rate Mode: [ ] Floating Rate 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): Currency Denomination: Currency Exchange Rate: Extension Rate: All Hold Rate:

Certain Terms of the Notes. Trust: SLC Xxxxx Fargo Student Loan Trust 20__-__-__ Remarketing Agents and Addresses: [REMARKETING AGENT 1] [REMARKETING AGENT 2] Title of Notes: Class ___________________ Reset Rate Notes Principal Amount of Notes to be Remarketed: $__________ Title of Notes: Class A-[__]Reset Rate Notes Principal Amount of Notes to be Remarketed $ Title of Indenture: Indenture, Indenture dated as of ___________, 20__, _ as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee, Trustee and the Indenture Trustee and Indenture Administrator. Eligible Lender Trustee: _______________________________ [ELIGIBLE LENDER TRUSTEE] Indenture Trustee: _______________________________ Indenture Administrator: _______________________________ [INDENTURE TRUSTEE] Current Ratings: Xxxxx'x Xxxxx’x Investors Service, Inc.: Standard & Poor's ’s Ratings Services: Fitch Ratings: Interest Rate Mode: [ ] Floating Rate 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): Currency Denomination: Currency Exchange Rate: Extension Rate: All Hold Rate:

Certain Terms of the Notes. Trust: SLC SLM Student Loan Trust 20__-__ [·] Remarketing Agents and Addresses: ____________________________ [·] Facsimile: [·] Attention: [·] [·] Facsimile: [·] Attention: [·] [·] Facsimile: [·] Attention: [·] Title of Notes: Class A-[__]Reset [·] Reset Rate Notes Principal Amount of Notes to be Remarketed Purchased: $ Title of Indenture: Indenture, dated as of ___________, 20__[·], as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee, Trustee and the Indenture Trustee and Indenture AdministratorTrustee. Eligible Lender Trustee: _______________________________ Chase Manhattan Bank USA, National Association Indenture Trustee: _______________________________ Indenture Administrator: _______________________________ Deutsche Bank Trust Company Americas Current Ratings: Xxxxx'x Mxxxx’x Investors Service, Inc.: Standard & Poor's ’s Ratings Services: Fitch Ratings: Interest Rate Mode: [ ] ¨ Floating Rate Spread: [ ] ¨ Fixed Rate Spread: Yield to Maturity of Fixed Rate Pricing Benchmark: Fixed Rate: The Currency Denomination: Currency Exchange 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): Currency Denomination: Currency Exchange Rate: Extension Rate: All Hold Rate:

Certain Terms of the Notes. Trust: SLC SLM Student Loan Trust 20__-200__-__ Remarketing Agents and Addresses: _______________________________ _______________________________ Title of Notes: Class A-[__]Reset A-[__] Reset Rate Notes Principal Amount of Notes to be Remarketed $ Remarketed: $_________ Title of Indenture: Indenture, Indenture dated as of ___________, 20200__, _ as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee, Trustee and the Indenture Trustee and Indenture Administrator. Eligible Lender Trustee: _________________________________ Indenture Trustee: _______________________________ Indenture Administrator: _______________________________ Current Ratings: Xxxxx'x Xxxxx’x Investors Service, Inc.: Standard & Poor's ’s Ratings Services: Fitch Ratings: Interest Rate Mode: [ ] Floating Rate 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): Currency Denomination: Currency Exchange Rate: Extension Rate: All Hold Rate:

Certain Terms of the Notes. Trust: SLC SLM Student Loan Trust 20__-__ 200[ ]-[ ] Remarketing Agents and Addresses: [ ] [ ] [ ] [ ] [ ] [ ] Title of Notes: Class A-[___________________] Reset Rate Notes Principal Amount of Notes to be Remarketed: $_________ Title of Notes: Class A-[__]Reset Rate Notes Principal Amount of Notes to be Remarketed $ Title of Indenture: Indenture, Indenture dated as of ___________[ ], 20__, [ ] as amended or supplemented from time to time by and among the Trust, the Eligible Lender Trustee, Trustee and the Indenture Trustee and Indenture Administrator. Eligible Lender Trustee: _______________________________ Indenture Trustee: _______________________________ Indenture Administrator: _______________________________ [ ] Current Ratings: Xxxxx'x Xxxxx’x Investors Service, Inc.: Standard & Poor's ’s Ratings Services: Fitch Ratings: Interest Rate Mode: [ ] ¨ Floating Rate 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): Currency Denomination: Currency Exchange Rate: Extension Rate: All Hold Rate: