PHEAA Student Loan Trust 1

PHEAA from time to time securitizes some of its student loan assets by selling student loans to PHEAA Student Loan Trust 1.

The asset-backed securities issued by the Trusts do not represent interests in or obligations of, and are not guaranteed or insured by, PHEAA. The asset-backed securities issued by a PHEAA Student Loan Trust listed herein are registered with the U.S. Securities and Exchange Commission (SEC), and all are subject to federal and state income taxes. The asset-backed securities issued by a PHEAA Student Loan Trust listed herein are described in a Prospectus and Prospectus Supplement containing information about the terms and conditions of the asset-backed securities, financial characteristics and servicing information related to the underlying student loan assets, trading information about the asset-backed securities, and other issuance details.

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Prospectus and Prospectus Supplement

Quarterly Servicing Reports

Quarterly Servicing Reports for the PHEAA Student Loan Trust 1 contain statistical, interest rate, and fee information related to the student loan-backed notes and certificates. The reports also contain cash flow, outstanding balance information, and loan characteristics for the underlying student loans, as well as the distributions being made to note holders and certificate holders.

Quarterly Net Loan Rate Reports

Additional Reports

Important Legal Information Concerning PHEAA Student Loan Trust Asset-Backed Securities

Investment considerations. Investment in securities issued by a PHEAA Student Loan Trust entails certain risks described in the applicable offering documents. Prospective investors should consult their own financial and legal advisors about risks associated with investment in a particular issue of securities and the suitability of investing in the securities in light of their particular circumstances.

No offer or solicitation. This website and the information contained in the Prospectuses and Prospectus Supplements do not constitute an offer or the solicitation of an offer for the purchase or sale of any securities. The Prospectus and Prospectus Supplements have been put on this website for informational purposes only. The securities described therein may be offered and sold only by means of a printed (but not downloaded and printed from this website) Prospectus and Prospectus Supplement and only to qualified institutional investors and certain other persons in accordance with applicable federal and state securities laws, by dealers authorized to make such offers and sales. By viewing a Prospectus or Prospectus Supplement online, you consent to receive an electronic Prospectus or Prospectus Supplement for purposes of federal and state securities laws. The securities described in the Prospectuses and Prospectus Supplements are traded in the secondary market. For further information concerning secondary market trading, consult with an investment advisor or broker.

No liability. The Prospectuses have been electronically converted from the magnetic media format from which the original version of each such document was printed, and no PHEAA Student Loan Trust has tested or verified the accuracy or completeness of any of these documents on this website. Neither PHEAA nor any PHEAA Student Loan Trust or underwriter assumes any responsibility for errors or omissions in any Prospectus or other documents which are referenced by or linked thereto resulting from such electronic conversion. In no event shall PHEAA, any PHEAA Student Loan Trust, or underwriter be liable for any special, incidental, indirect or consequential damages of any kind, or any damages whatsoever, on any theory of liability arising out of or in connection with the use of any Prospectus.