<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
---------------------------------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event report) 01-Jan-98
ClassNotes Trust 1997-I and the originators
listed below under Sale and Servicing Agreement, dated
as of February 28, 1997 providing for the issuance of
ClassNotes Trust 1997-1, Asset Backed Series 1997-1
Trans-World Insurance Company
-----------------------------
ClassNotes Inc.
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
New Jersey 333-18877-01 91-181-5460
---------- ------------ -----------
Arizona
State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
-------------------------------------------------------------------------
(Address of principal executive officer)
Registrant's Telephone Number, 908-686-2000
including area code: ----------------------
n/a
-------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5 Other Events
------------
Attached herein as Annex A is a copy of the Monthly Statement sent
to Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class
A-6 Noteholders with respect to the following Distribution Dates:
A-1........................................... 31-Dec-98
31-Dec-98
31-Dec-98
31-Dec-98
A-2........................................... 31-Dec-98
A-3........................................... 31-Dec-98
A-4........................................... 31-Dec-98
A-5........................................... 31-Dec-98
A-6........................................... 31-Dec-98
Item 7 Financial Statements and Exhibits
---------------------------------
The Quarterly Report on Form 10Q for the period ended December 31,
1998 which has been filed with the Securities and Exchange
Commission by AMBAC Inc., is hereby incorporated into this Form 8-K.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
Trans-World Insurance Co.
By: /s/ Robert Ashbough
----------------------
Name: Robert Ashbough
Title: Vice President
Dated: June 14, 1999
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 12/29/98
Cusip # 182743-AG9 Distribution Date 01/05/99
Record Date 12/31/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 92,707.22
Per $50,000 original principal amount of the Notes 60.277778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 858,023,445.07
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.050000%
PERIOD 2 5.100000%
PERIOD 3 5.300000%
CURRENT RATE (Based on Auction) 6.200000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,155.81
(vii) (a) Service Fee for related Collection Period (Pro Rata) 31,506.10
Per $50,000 original principal amount of the Notes 20.485111
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 174.85
Per $50,000 original principal amount of the Notes 0.113685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 243.06
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,840,368.16
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,782,425.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 7,591,151.00
(d) Number of Financed Student Loans that are more than 181 days 1,607,418.66
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 2,111,101.76
(xix) Parity Percentage Numerator 913,505,950.26
--------------
as of 11/30/98 Denominator 919,441,908.24 99.35%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 12/21/98
Cusip # 182743-AG9 Distribution Date 12/29/98
Record Date 12/24/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 90,571.11
Per $50,000 original principal amount of the Notes 58.888889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.300000%
PERIOD 2 5.050000%
PERIOD 3 5.100000%
CURRENT RATE (Based on Auction) 5.300000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 106,463.78
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,758.60
Per $50,000 original principal amount of the Notes 18.698700
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 22,138.33
Per $50,000 original principal amount of the Notes 14.394235
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 173.36
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 5,123.89
Per $50,000 original principal amount of the Notes 3.331528
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 8,358,523.67
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,044,816.26
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 7,523,663.21
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,864,386.03
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,687,173.14
(xix) Parity Percentage Numerator 917,728,922.44
--------------
as of 10/31/98 Denominator 926,829,229.43 99.02%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 12/15/98
Cusip # 182743-AG9 Distribution Date 12/21/98
Record Date 12/17/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 76,259.17
Per $50,000 original principal amount of the Notes 49.583333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.300000%
PERIOD 2 5.300000%
PERIOD 3 5.050000%
CURRENT RATE (Based on Auction) 5.100000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,155.81
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,758.60
Per $50,000 original principal amount of the Notes 18.698700
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 22,138.33
Per $50,000 original principal amount of the Notes 14.394235
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 173.36
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 5,123.89
Per $50,000 original principal amount of the Notes 3.331528
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 8,358,523.67
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,044,816.26
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 7,523,663.21
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,864,386.03
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,687,173.14
(xix) Parity Percentage Numerator 917,728,922.44
--------------
as of 10/31/98 Denominator 926,829,229.43 99.02%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 12/08/98
Cusip # 182743-AG9 Distribution Date 12/14/98
Record Date 12/10/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 75,511.53
Per $50,000 original principal amount of the Notes 49.097222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.350000%
PERIOD 2 5.300000%
PERIOD 3 5.300000%
CURRENT RATE (Based on Auction) 5.050000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,155.81
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,758.60
Per $50,000 original principal amount of the Notes 18.698700
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 22,138.33
Per $50,000 original principal amount of the Notes 14.394235
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 173.36
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 5,123.89
Per $50,000 original principal amount of the Notes 3.331528
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044,816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,687,173.14
(xix) Parity Percentage Numerator N/A
----------------
as of 10/31/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 12/01/98
Cusip # 182743-AG9 Distribution Date 12/07/98
Record Date 12/03/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 79,249.72
Per $50,000 original principal amount of the Notes 51.527778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.0000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.350000%
PERIOD 2 5.350000%
PERIOD 3 5.350000%
CURRENT RATE (Based on Auction) 5.350000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,155.81
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,758.60
Per $50,000 original principal amount of the Notes 18.698700
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 22,138.33
Per $50,000 original principal amount of the Notes 14.394235
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 173.36
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 5,123.89
Per $50,000 original principal amount of the Notes 3.331528
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on 0.00
deposit in the Pre-Funding Account 4,233.70
(b) Amount in the Pre-Funding Account
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044,816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,687,173.14
(xix) Parity Percentage Numerator N/A
---------------
as of 10/31/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 08/06/98
Cusip # 182743-AG9 Distribution Date 08/12/98
Record Date 08/10/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in 0.00
respect of the Notes 0.000000
CLASS A-1 NOTES
Per $50,000 original principal amount of the Notes
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 79,249.72
Per $50,000 original principal amount of the Notes 51.527778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.350000%
PERIOD 2 5.350000%
PERIOD 3 5.350000%
CURRENT RATE (Based on Auction) 5.300000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,155.81
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,758.60
Per $50,000 original principal amount of the Notes 18,698700
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 22,138.33
Per $50,000 original principal amount of the Notes 14.394235
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 173.36
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 5,123.89
Per $50,000 original principal amount of the Notes 3.331528
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044,816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,687,173.14
(xix) Parity Percentage Numerator N/A
------------
as of 10/31/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 11/17/98
Cusip # 182743-AG9 Distribution Date 11/23/98
Record Date 11/19/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 79,249.36
Per $50,000 original principal amount of the Notes 52.013889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.350000%
PERIOD 2 5.350000%
PERIOD 3 5.350000%
CURRENT RATE (Based on Auction) 5.350000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.220000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,006.28
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,470.89
Per $50,000 original principal amount of the Notes 18.511632
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 172.08
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,781,000.10
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 6,782,958.71
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,445,452.90
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,778,182.51
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
-------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 11/09/98
Cusip # 182743-AG9 Distribution Date 11/16/98
Record Date 11/12/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 79,997.36
Per $50,000 original principal amount of the Notes 52.013889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.350000%
PERIOD 2 5.350000%
PERIOD 3 5.350000%
CURRENT RATE (Based on Auction) 5.350000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.220000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,006.28
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,470.89
Per $50,000 original principal amount of the Notes 18.511632
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 172.08
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,781,000.10
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 6,782,958.71
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,445,452.90
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,778,182.51
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
--------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: \s\ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 11/03/98
Cusip # 182743-AG9 Distribution Date 11/09/98
Record Date 11/05/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 79,997.36
Per $50,000 original principal amount of the Notes 52.013889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.450000%
PERIOD 2 5.350000%
PERIOD 3 5.350000%
CURRENT RATE (Based on Auction) 5.350000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.220000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,006.28
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,470.89
Per $50,000 original principal amount of the Notes 18.511632
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 172.08
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,781,000.10
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 6,782,958.71
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,445,452.90
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,778,182.51
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
--------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 10/27/98
Cusip # 182743-AG9 Distribution Date 11/02/98
Record Date 10/29/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 79,997.36
Per $50,000 original principal amount of the Notes 52.013889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.350000%
PERIOD 2 5.450000%
PERIOD 3 5.350000%
CURRENT RATE (Based on Auction) 5.350000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.585500%
PERIOD 2 6.540400%
PERIOD 3 6.270000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,753.92
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,470.89
Per $50,000 original principal amount of the Notes 18.511632
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 172.08
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,781,000.10
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 6,782,958.71
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,445,452.90
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,778,182.51
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
--------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 10/13/98
Cusip # 182743-AG9 Distribution Date 10/19/98
Record Date 10/15/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 69,850.83
Per $50,000 original principal amount of the Notes 45.416667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,419,460.64
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.500000%
PERIOD 3 5.350000%
CURRENT RATE (Based on Auction) 5.450000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.585500%
PERIOD 2 6.540400%
PERIOD 3 6.270000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 80,360.50
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,201.36
Per $50,000 original principal amount of the Notes 18.336385
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 171.51
Per $50,000 original principal amount of the Notes 0.111512
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 6,085,916.51
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,609,983.98
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,339,829.68
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,542,892.65
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 10/06/98
Cusip # 182743-AG9 Distribution Date 10/13/98
Record Date 10/08/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 91,425.56
Per $50,000 original principal amount of the Notes 59.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 874,444,388.48
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.500000%
CURRENT RATE (Based on Auction) 5.350000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.585500%
PERIOD 2 6.540400%
PERIOD 3 6.270000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 107,147.33
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,201.36
Per $50,000 original principal amount of the Notes 18.336385
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 171.51
Per $50,000 original principal amount of the Notes 0.111512
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 6,085,916.51
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,609,983.98
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,339,829.68
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,542,892.65
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 09/29/98
Cusip # 182743-AG9 Distribution Date 10/05/98
Record Date 10/01/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 82,240.28
Per $50,000 original principal amount of the Notes 53.472222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.500000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 97,797.15
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 6,085,916.51
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,609,983.98
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,339,829.68
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,542,892.65
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 09/22/98
Cusip # 182743-AG9 Distribution Date 09/28/98
Record Date 09/24/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 84,483.19
Per $50,000 original principal amount of the Notes 54.930556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.640000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 97,797.15
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 09/15/98
Cusip # 182743-AG9 Distribution Date 09/21/98
Record Date 09/17/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 84,483.19
Per $50,000 original principal amount of the Notes 54.930556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.640000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 97,797.15
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 09/08/98
Cusip # 182743-AG9 Distribution Date 09/14/98
Record Date 09/10/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 72,414.17
Per $50,000 original principal amount of the Notes 47.083333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.620000%
PERIOD 3 5.640000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 83,826.13
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 09/01/98
Cusip # 182743-AG9 Distribution Date 09/08/98
Record Date 09/03/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 96,381.33
Per $50,000 original principal amount of the Notes 62.666667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.589000%
PERIOD 2 5.600000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.640000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 112,538.88
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 08/25/98
Cusip # 182743-AG9 Distribution Date 08/31/98
Record Date 08/27/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 84,034.61
Per $50,000 original principal amount of the Notes 54.638889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.590000%
PERIOD 2 5.589000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.620000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,471.52
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 08/18/98
Cusip # 182743-AG9 Distribution Date 08/24/98
Record Date 08/20/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 42,573,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.590000%
PERIOD 3 5.589000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,471.52
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 08/11/98
Cusip # 182743-AG9 Distribution Date 08/17/98
Record Date 08/13/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,571.08
Per $50,000 original principal amount of the Notes 54.337500
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.600000%
PERIOD 3 5.590000%
CURRENT RATE (Based on Auction) 5.589000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,471.52
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 08/04/98
Cusip # 182743-AG9 Distribution Date 08/10/98
Record Date 08/06/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,586.03
Per $50,000 original principal amount of the Notes 54.347222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.550000%
PERIOD 2 5.600000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.590000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,471.52
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 07/28/98
Cusip # 182743-AG9 Distribution Date 08/03/98
Record Date 07/30/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.550000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.614250%
PERIOD 2 6.659250%
PERIOD 3 6.620800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,999.35
(vii) (a) Service Fee for related Collection Period (Pro Rata) 30,468.23
Per $50,000 original principal amount of the Notes 19.810293
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 168.70
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 07/21/98
Cusip # 182743-AG9 Distribution Date 07/27/98
Record Date 07/23/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.700000%
PERIOD 2 5.600000%
PERIOD 3 5.550000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.614250%
PERIOD 2 6.659250%
PERIOD 3 6.620800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,999.35
(vii) (a) Service Fee for related Collection Period (Pro Rata) 29,378.87
Per $50,000 original principal amount of the Notes 19.101996
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 167.40
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,134,659.58
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,090,858.70
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,658,522.96
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,524,941.78
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 07/14/98
Cusip # 182743-AG9 Distribution Date 07/20/98
Record Date 07/16/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 82,987.92
Per $50,000 original principal amount of the Notes 53.958333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.700000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.550000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.614250%
PERIOD 2 6.659250%
PERIOD 3 6.620800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,999.35
(vii) (a) Service Fee for related Collection Period (Pro Rata) 29,378.87
Per $50,000 original principal amount of the Notes 19.101996
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 167.40
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,134,659.58
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,090,858.70
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,658,522.96
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,524,941.78
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 07/07/98
Cusip # 182743-AG9 Distribution Date 07/13/98
Record Date 07/09/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 71,773.33
Per $50,000 original principal amount of the Notes 46.666667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.630000%
PERIOD 2 5.600000%
PERIOD 3 5.700000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.614250%
PERIOD 2 6.659250%
PERIOD 3 6.620800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 84,856.59
(vii) (a) Service Fee for related Collection Period (Pro Rata) 29,378.87
Per $50,000 original principal amount of the Notes 19.101996
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 167.40
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,134,659.58
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,090,858.70
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,658,522.96
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,524,941.78
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 06/30/98
Cusip # 182743-AG9 Distribution Date 07/07/98
Record Date 07/02/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 97,406.67
Per $50,000 original principal amount of the Notes 63.333333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.540000%
PERIOD 2 5.630000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.700000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.674200%
PERIOD 2 6.614250%
PERIOD 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 113,800.04
(vii) (a) Service Fee for related Collection Period (Pro Rata) 29,378.87
Per $50,000 original principal amount of the Notes 19.101996
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 167.40
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,134,659.58
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,090,858.70
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,658,522.96
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,524,941.78
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 06/23/98
Cusip # 182743-AG9 Distribution Date 06/29/98
Record Date 06/25/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.540000%
PERIOD 3 5.630000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.674200%
PERIOD 2 6.614250%
PERIOD 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 99,575.03
(vii) (a) Service Fee for related Collection Period (Pro Rata) 29,378.87
Per $50,000 original principal amount of the Notes 19.101996
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 167.40
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,134,659.58
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,090,858.70
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,658,522.96
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,524,941.78
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 06/16/98
Cusip # 182743-AG9 Distribution Date 06/22/98
Record Date 06/18/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 84,184.14
Per $50,000 original principal amount of the Notes 54.736111
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.600000%
PERIOD 3 5.540000%
CURRENT RATE (Based on Auction) 5.630000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.674200%
PERIOD 2 6.614250%
PERIOD 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 99,575.03
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,754.85
Per $50,000 original principal amount of the Notes 18.696261
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 166.36
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 5,297.81
Per $50,000 original principal amount of the Notes 3.444608
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,748,816.63
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,912,869.91
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,184,928.20
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 553,499.99
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 06/09/98
Cusip # 182743-AG9 Distribution Date 06/15/98
Record Date 06/11/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 82,838.39
Per $50,000 original principal amount of the Notes 53.861111
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 126,787,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.580000%
PERIOD 2 5.600000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.540000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.674200%
PERIOD 2 6.614250%
PERIOD 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 99,575.03
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,754.85
Per $50,000 original principal amount of the Notes 18.696261
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 166.36
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 5,297.81
Per $50,000 original principal amount of the Notes 3.444608
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,748,816.63
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,912,869.91
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,184,928.20
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 553,499.99
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 05/26/98
Cusip # 182743-AG9 Distribution Date 06/01/98
Record Date 05/28/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 71,773.33
Per $50,000 original principal amount of the Notes 46.666667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.600000%
PERIOD 3 5.580000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.740000%
PERIOD 2 6.674200%
PERIOD 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 84,773.28
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,754.85
Per $50,000 original principal amount of the Notes 18.696261
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 166.36
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 5,297.81
Per $50,000 original principal amount of the Notes 3.444608
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,748,816.63
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,912,869.91
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,184,928.20
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 553,499.99
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 05/19/98
Cusip # 182743-AG9 Distribution Date 05/26/98
Record Date 05/21/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 95,356.00
Per $50,000 original principal amount of the Notes 62.000000
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.600000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.580000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.740000%
PERIOD 2 6.674200%
PERIOD 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 113,031.04
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,701.35
Per $50,000 original principal amount of the Notes 18.661476
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 165.66
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,395,020.97
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 2,449,466.28
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,232,057,10
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 356,562.10
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 05/12/98
Cusip # 182743-AG9 Distribution Date 05/18/98
Record Date 05/14/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.540000%
PERIOD 2 5.600000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.740000%
PERIOD 2 6.674200%
PERIOD 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,902.16
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,701.35
Per $50,000 original principal amount of the Notes 18.661476
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 165.66
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,395,020.97
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 2,449,466.28
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,232,057.10
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 356,562.10
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 05/05/98
Cusip # 182743-AG9 Distribution Date 05/11/98
Record Date 05/07/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.540000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.740000%
PERIOD 2 6.674200%
PERIOD 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 98,902.16
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,701.35
Per $50,000 original principal amount of the Notes 18.661476
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 165.66
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,395,020.97
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 2,449,466.28
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,232,057.10
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 356,562.10
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 06/02/98
Cusip # 182743-AG9 Distribution Date 06/08/98
Record Date 06/04/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.580000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.674200%
PERIOD 2 6.614250%
PERIOD 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 99,575.03
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,754.85
Per $50,000 original principal amount of the Notes 18.696261
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 166.36
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 5,297.581
Per $50,000 original principal amount of the Notes 3.444608
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,748,816.63
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,912,869.91
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,184,928.20
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 553,499.99
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 04/28/98
Cusip # 182743-AG9 Distribution Date 05/04/98
Record Date 04/30/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 83,735.56
Per $50,000 original principal amount of the Notes 54.444444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.552000%
PERIOD 2 5.650000%
PERIOD 3 5.540000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.668750%
PERIOD 2 6.740000%
PERIOD 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 99,797.83
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,701.35
Per $50,000 original principal amount of the Notes 18.661476
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 165.66
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,395,020.97
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 2,449,466.28
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,232,057.10
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 356,562.10
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 04/21/98
Cusip # 182743-AG9 Distribution Date 04/27/98
Record Date 04/23/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 82,838.39
Per $50,000 original principal amount of the Notes 53.861111
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 523,381,127.52
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.700000%
PERIOD 2 5.552000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.540000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.668750%
PERIOD 2 6.740000%
PERIOD 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 99,797.83
(vii) (a) Service Fee for related Collection Period (Pro Rata) 18,317.17
Per $50,000 original principal amount of the Notes 11.909733
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 165.02
Per $50,000 original principal amount of the Notes 0.107294
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 0.00
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 4,959,446.92
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,991,653.80
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 2,842,288.72
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 379,030.49
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 433,753.86
(xix) Parity Percentage Numerator 563,711,193.35
--------------
as of 02/28/98 Denominator 562,598,988.98 100.20%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,042.06
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 04/14/98
Cusip # 182743-AG9 Distribution Date 04/20/98
Record Date 04/16/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 72,414.17
Per $50,000 original principal amount of the Notes 47.083333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 523,381,127.52
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.700000%
PERIOD 3 5.552000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.668750%
PERIOD 2 6.740000%
PERIOD 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 85,541.00
(vii) (a) Service Fee for related Collection Period (Pro Rata) 18,317.17
Per $50,000 original principal amount of the Notes 11.909733
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 165.02
Per $50,000 original principal amount of the Notes 0.107294
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 0.00
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 4,959,446.92
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,991,653.80
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 2,842,288.72
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 379,030.49
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 433,753.86
(xix) Parity Percentage Numerator 563,711,193.35
--------------
as of 02/28/98 Denominator 562,598,988.98 100.20%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,042.06
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 04/07/98
Cusip # 182743-AG9 Distribution Date 04/14/98
Record Date 04/09/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 94,877.51
Per $50,000 original principal amount of the Notes 61.688889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 523,381,127.52
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.630000%
PERIOD 2 5.600000%
PERIOD 3 5.700000%
CURRENT RATE (Based on Auction) 5.552000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.668750%
PERIOD 2 6.740000%
PERIOD 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 114,054.66
(vii) (a) Service Fee for related Collection Period (Pro Rata) 18,317.17
Per $50,000 original principal amount of the Notes 11.909733
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,713.70
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 165.02
Per $50,000 original principal amount of the Notes 0.107294
5. Surety Provider Fee (Pro Rata) 5,297.56
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 0.00
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 4,959,446.92
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,991,653.80
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 2,842,288.72
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 379,030.49
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 433,753.86
(xix) Parity Percentage Numerator 563,711,193.35
--------------
as of 02/28/98 Denominator 562,598,988.98 100.20%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,042.06
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 12/23/98
Cusip # 182743-AH7 Distribution Date 12/30/98
Record Date 12/28/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 381,920.00
Per $50,000 original principal amount of the Notes 205.333333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 858,023,445.07
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.430000%
PERIOD 3 5.500000%
CURRENT RATE (Based on Auction) 5.280000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.540400%
MONTH 2 6.270000%
MONTH 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 450,636.67
(vii) (a) Service Fee for related Collection Period (Pro Rata) 38,102.31
Per $50,000 original principal amount of the Notes 20.485113
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,422.29
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 211.45
Per $50,000 original principal amount of the Notes 0.113685
5. Surety Provider Fee (Pro Rata) 6,406.67
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 243.06
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,840,368.16
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,782,425.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,591,151.00
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,607,418.66
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 2,111,101.76
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator 913,505,950.26
--------------
as of 11/30/98 Denominator 919,441,908.24 99.35%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 11/25/98
Cusip # 182743-AH7 Distribution Date 12/02/98
Record Date 11/30/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 397,833.33
Per $50,000 original principal amount of the Notes 213.888889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.600000%
PERIOD 3 5.430000%
CURRENT RATE (Based on Auction) 5.500000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.540400%
MONTH 2 6.270000%
MONTH 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 449,965.00
(vii) (a) Service Fee for related Collection Period (Pro Rata) 34,779.58
Per $50,000 original principal amount of the Notes 18.698699
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 20,731.25
Per $50,000 original principal amount of the Notes 11,145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 209.65
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 6,200.00
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044.816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 1,687,173.14
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator N/A
------------
as of 10/31/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 10/29/98
Cusip # 182743-AH7 Distribution Date 11/04/98
Record Date 11/02/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 392,770.00
Per $50,000 original principal amount of the Notes 211.166667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.598000%
PERIOD 2 5.600000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.430000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.540400%
MONTH 2 6.270000%
MONTH 3 5.591250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 446,516.77
(vii) (a) Service Fee for related Collection Period (Pro Rata) 34,431.63
Per $50,000 original principal amount of the Notes 18.511629
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,422.29
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 208.11
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 6,406.67
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,781,000.10
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 6,782,958.71
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,445,452.90
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,778,182.51
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
-----------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 10/01/98
Cusip # 182743-AH7 Distribution Date 10/07/98
Record Date 10/05/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 405,066.67
Per $50,000 original principal amount of the Notes 217.777778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 874,444,388.48
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.680000%
PERIOD 2 5.598000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.585500%
MONTH 2 6.540400%
MONTH 3 6.270000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 468,199.20
(vii) (a) Service Fee for related Collection Period (Pro Rata) 34,105.68
Per $50,000 original principal amount of the Notes 18.336387
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 20,731.25
Per $50,000 original principal amount of the Notes 11,145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 207.41
Per $50,000 original principal amount of the Notes 0.111512
5. Surety Provider Fee (Pro Rata) 6,200.00
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 09/02/98
Cusip # 182743-AH7 Distribution Date 09/09/98
Record Date 09/04/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 405,066.67
Per $50,000 original principal amount of the Notes 217.777778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.680000%
PERIOD 3 5.598000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.659250%
MONTH 2 6.620800%
MONTH 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 475,302.59
(vii) (a) Service Fee for related Collection Period (Pro Rata) 36,847.14
Per $50,000 original principal amount of the Notes 19.810290
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,422.29
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 204.01
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 6,406.67
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 6,085,916.51
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,609,983.98
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,339,829.68
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,542,892.65
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 08/06/98
Cusip # 182743-AH7 Distribution Date 08/12/98
Record Date 08/10/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 404,922.00
Per $50,000 original principal amount of the Notes 217.700000
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.680000%
CURRENT RATE (Based on Auction) 5.598000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.659250%
MONTH 2 6.620800%
MONTH 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 477,810.23
(vii) (a) Service Fee for related Collection Period (Pro Rata) 36,847.14
Per $50,000 original principal amount of the Notes 19.810290
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,422.29
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 204.01
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 6,406.67
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or the Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 6,085,916.51
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,609,983.98
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 5,339,829.68
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,542,892.65
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 07/09/98
Cusip # 182743-AH7 Distribution Date 07/15/98
Record Date 07/13/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 410,853.33
Per $50,000 original principal amount of the Notes 220.888889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 119,823,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.700000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.680000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.614250%
MONTH 2 6.659250%
MONTH 3 6.620800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 480,197.49
(vii) (a) Service Fee for related Collection Period (Pro Rata) 35,529.72
Per $50,000 original principal amount of the Notes 19.102000
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 20,731.25
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 202.45
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 6,200.00
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,134,659.58
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,090,858.70
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,658,522.96
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,524,941.78
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 06/11/98
Cusip # 182743-AH7 Distribution Date 06/17/98
Record Date 06/15/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 408,683.33
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.625000%
PERIOD 2 5.700000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.674200%
MONTH 2 6.614250%
MONTH 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 480,410.62
(vii) (a) Service Fee for related Collection Period (Pro Rata) 34,775.04
Per $50,000 original principal amount of the Notes 18.696258
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,422.29
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 201.19
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 6,406.67
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,748,816.63
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,912,869.91
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,184,928.20
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 553,499.99
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 05/14/98
Cusip # 182743-AH7 Distribution Date 05/20/98
Record Date 05/18/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 408,683.33
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.599000%
PERIOD 2 5.625000%
PERIOD 3 5.700000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.740000%
MONTH 2 6.674200%
MONTH 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 479,672.30
(vii) (a) Service Fee for related Collection Period (Pro Rata) 34,710.35
Per $50,000 original principal amount of the Notes 18.661478
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 20,731.25
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 200.34
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 6,200.00
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,395,020.97
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 2,449,466.28
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,232,057.10
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 356,562.10
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-2 Determination Date 04/16/98
Cusip # 182743-AH7 Distribution Date 04/22/98
Record Date 04/20/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-2 NOTES 412,300.00
Per $50,000 original principal amount of the Notes 221.666667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 523,381,127.52
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-2 NOTES 93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 6.200000%
PERIOD 2 5.599000%
PERIOD 3 5.625000%
CURRENT RATE (Based on Auction) 5.700000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.668750%
MONTH 2 6.740000%
MONTH 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 483,787.03
(vii) (a) Service Fee for related Collection Period (Pro Rata) 22,152.10
Per $50,000 original principal amount of the Notes 11.909731
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,162.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,422.29
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 199.57
Per $50,000 original principal amount of the Notes 0.107294
5. Surety Provider Fee (Pro Rata) 6,406.67
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or the Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety Bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 0.00
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 4,959,446.92
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,991,653.80
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 2,842,288.72
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 379,030.49
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 433,753.86
(xix) Parity Percentage Numerator 563,711,193.35
--------------
as of 02/28/98 Denominator 562,598,988.98 100.20%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,042.06
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 12/31/98
Cusip # 182743-AJ3 Distribution Date 01/06/99
Record Date 01/04/99
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 408,605.56
Per $50,000 original principal amount of the Notes 215.055556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 858,023,445.07
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.500000%
PERIOD 3 5.425000%
CURRENT RATE (Based on Auction) 5.530000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.540400%
MONTH 2 6.270000%
MONTH 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 460,327.78
(vii) (a) Service Fee for related Collection Period (Pro Rata) 38,921.71
Per $50,000 original principal amount of the Notes 20.485111
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,882.99
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 216.00
Per $50,000 original principal amount of the Notes 0.113685
5. Surety Provider Fee (Pro Rata) 6,544.44
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 243.06
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,840,368.16
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,782,425.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,591,151.00
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,607,418.66
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 2,111,101.76
(xix) Parity Percentage Numerator 913,505,950.26
as of 11/30/98 --------------- 99.35%
Denominator 919,441,908.24
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 12/04/98
Cusip # 182743-AJ3 Distribution Date 12/09/98
Record Date 12/07/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 386,531.25
Per $50,000 original principal amount of the Notes 203.437500
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.620000%
PERIOD 3 5.500000%
CURRENT RATE (Based on Auction) 5.425000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.540400%
MONTH 2 6.270000%
MONTH 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 443,676.39
(vii) (a) Service Fee for related Collection Period (Pro Rata) 35,527.53
Per $50,000 original principal amount of the Notes 18.698700
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,177.08
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 214.16
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 6,333.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period O.OO
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond 0.00
(together with any other information required to make such draw)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on 0.00
deposit in the Pre-Funding Account
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044,816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 1,687,173.14
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator N/A
as of 10/31/98 ----- N/A
Denominator N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 11/05/98
Cusip # 182743-AJ3 Distribution Date 11/12/98
Record Date 11/09/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 420,902.78
Per $50,000 original principal amount of the Notes 221.527778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.620000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.500000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.540400%
MONTH 2 6.270000%
MONTH 3 6.220000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 478,245.83
(vii) (a) Service Fee for related Collection Period (Pro Rata) 35,172.10
Per $50,000 original principal amount of the Notes 18.511632
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,882.99
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 212.58
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 6,544.44
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond 0.00
(together with any other information required to make such draw)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on 0.00
deposit in the Pre-Funding Account
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,781,000.10
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 6,782,958.71
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,445,452.90
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,778,182.51
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 1,932,208.00
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator N/A
as of 09/30/98 ------- N/A
Denominator N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-1 Determination Date 10/20/98
Cusip # 182743-AG9 Distribution Date 10/26/98
Record Date 10/22/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-1 NOTES 79,997.36
Per $50,000 original principal amount of the Notes 52.013889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,419,460.64
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-1 NOTES 76,900,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.500000%
PERIOD 2 5.350000%
PERIOD 3 5.450000%
CURRENT RATE (Based on Auction) 5.350000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 0.000000%
MONTH 2 0.000000%
MONTH 3 0.000000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 93,753.92
(vii) (a) Service Fee for related Collection Period (Pro Rata) 28,201.36
Per $50,000 original principal amount of the Notes 18.336385
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 961.25
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 17,142.29
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 171.51
Per $50,000 original principal amount of the Notes 0.111512
5. Surety Provider Fee (Pro Rata) 5,126.67
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond 0.00
(together with any other information required to make such draw)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on 0.00
deposit in the Pre-Funding Account
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 970,570.71
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator 961,039,499.25
as of 06/30/98 --------------- 100.92%
Denominator 952,249,462.53
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 10/07/98
Cusip # 182743-AJ3 Distribution Date 10/14/98
Record Date 10/09/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 415,255.56
Per $50,000 original principal amount of the Notes 218.555556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 874,444,388.48
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.620000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.620000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.585500%
MONTH 2 6.540400%
MONTH 3 6.270000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 473,273.11
(vii) (a) Service Fee for related Collection Period (Pro Rata) 34,839.13
Per $50,000 original principal amount of the Notes 18.336384
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,177.08
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 211.87
Per $50,000 original principal amount of the Notes 0.111512
5. Surety Provider Fee (Pro Rata) 6,333.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond 0.00
(together with any other information required to make such draw)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on 0.00
deposit in the Pre-Funding Account
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 970,570.71
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator 961,039,499.25
--------------- 100.92%
as of 06/30/98 Denominator 952,249,462.53
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 09/10/98
Cusip # 182743-AJ3 Distribution Date 09/16/98
Record Date 09/14/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 415,255.56
Per $50,000 original principal amount of the Notes 218.555556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.620000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.659250%
MONTH 2 6.620800%
MONTH 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 484,691.06
(vii) (a) Service Fee for related Collection Period (Pro Rata) 37,639.55
Per $50,000 original principal amount of the Notes 19.810289
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,882.99
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 208.40
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 6,544.44
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period O.OO
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond 0.00
(together with any other information required to make such draw)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on 0.00
deposit in the Pre-Funding Account
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 970,570.71
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator 961,039,499.25
------------------ 100.92%
as of 06/30/98 Denominator 952,249,462.53
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 08/13/98
Cusip # 182743-AJ3 Distribution Date 08/19/98
Record Date 08/17/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 415,255.56
Per $50,000 original principal amount of the Notes 218.555556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.520000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.659250%
MONTH 2 6.620800%
MONTH 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 487,433.65
(vii) (a) Service Fee for related Collection Period (Pro Rata) 37,639.55
Per $50,000 original principal amount of the Notes 19.810289
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,882.99
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 208.40
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 6,544.44
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date
Cusip # 182743-AJ3 Distribution Date
Record Date
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 417,472.22
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.600000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.614250%
MONTH 2 6.659250%
MONTH 3 6.520800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 489,813.14
(vii) (a) Service Fee for related Collection Period (Pro Rata) 36,293.80
Per $50,000 original principal amount of the Notes 19.102000
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,177.08
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 206.81
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 6,333.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,134,659.58
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,090,858.70
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,658,522.96
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,524,941.78
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 06/18/98
Cusip # 182743-AJ3 Distribution Date 06/24/98
Record Date 06/22/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 417,472.22
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.550000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.674200%
MONTH 2 6.614250%
MONTH 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 491,573.28
(vii) (a) Service Fee for related Collection Period (Pro Rata) 35,522.28
Per $50,000 original principal amount of the Notes 18.696258
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,882.99
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 205.51
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 6,544.44
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,748,816.63
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,912,869.91
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,184,928.20
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 553,499.99
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 05/21/98
Cusip # 182743-AJ3 Distribution Date 05/27/98
Record Date 05/25/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 413,777.78
Per $50,000 original principal amount of the Notes 217.777778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.580000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.740000%
MONTH 2 6.674200%
MONTH 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 488,881.35
(vii) (a) Service Fee for related Collection Period (Pro Rata) 35,522.89
Per $50,000 original principal amount of the Notes 18.696258
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,882.99
Per $50,000 original principal amount of the Notes 11.517361
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 205.51
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 6,544.44
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,748,816.63
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,912,869.91
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,184,928.20
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 553,499.99
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 04/30/98 Denominator 952,249,462.53 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-3 Determination Date 04/23/98
Cusip # 182743-AJ3 Distribution Date 04/29/98
Record Date 04/27/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-3 NOTES 417,472.22
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.610000%
PERIOD 2 5.580000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.668750%
MONTH 2 6.740000%
MONTH 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 493,149.22
(vii) (a) Service Fee for related Collection Period (Pro Rata) 35,456.22
Per $50,000 original principal amount of the Notes 18.661474
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 21,177.08
Per $50,000 original principal amount of the Notes 11.145833
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 204.65
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 6,333.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,395,020.97
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 2,449,466.28
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,232,057.10
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 356,562.10
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 12/09/98
Cusip # 182743-AL8 Distribution Date 12/15/98
Record Date 12/11/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 5,624,000.00
Per $50,000 original principal amount of the Notes 3,011.609476
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 409,470.95
Per $50,000 original principal amount of the Notes 219.268597
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 87,748,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.81453%
PERIOD 2 5.75203%
PERIOD 3 5.57813%
CURRENT RATE (LIBOR) 5.44391%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.5404%
PERIOD 2 6.2700%
PERIOD 3 6.2300%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 468,494.01
(vii) (a) Service Fee for related Collection Period (Pro Rata) 241.91
Per $50,000 original principal amount of the Notes 0.129543
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 6,749.20
Per $50,000 original principal amount of the Notes 3.614146
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044,816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,687,173.14
(xix) Parity Percentage Numerator 917,728,922.44
--------------
as of 10/31/98 Denominator 926,829,229.43 99.02%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 11/09/98
Cusip # 182743-AL8 Distribution Date 11/16/98
Record Date 11/12/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 7,866,000.00
Per $50,000 original principal amount of the Notes 3,884.904878
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 501,972.20
Per $50,000 original principal amount of the Notes 247.916889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 93,372,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.82625%
PERIOD 2 5.81453%
PERIOD 3 5.75203%
CURRENT RATE (LIBOR) 5.57813%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.5404%
PERIOD 2 6.2700%
PERIOD 3 6.2200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 561,983.39
(vii) (a) Service Fee for related Collection Period (Pro Rata) 212.58
Per $50,000 original principal amount of the Notes 0.104992
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 7,447.37
Per $50,000 original principal amount of the Notes 3.678150
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 4,000.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 4,000.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,781,000.10
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 6,782,958.71
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,445,452.90
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,778,182.51
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
------------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 4,000.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 10/08/98
Cusip # 182743-AL8 Distribution Date 10/15/98
Record Date 10/13/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 6,869,000.00
Per $50,000 original principal amount of the Notes 3,176.945064
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 518,195.59
Per $50,000 original principal amount of the Notes 239.667917
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,419,460.64
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 101,238,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.82625%
PERIOD 2 5.82625%
PERIOD 3 5.81453%
CURRENT RATE (LIBOR) 5.75203%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.5855%
PERIOD 2 6.5404%
PERIOD 3 6.2700%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 577,039.13
(vii) (a) Service Fee for related Collection Period (Pro Rata) 208.11
Per $50,000 original principal amount of the Notes 0.096251
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 7,415.13
Per $50,000 original principal amount of the Notes 3.429534
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 09/09/98
Cusip # 182743-AL8 Distribution Date 09/15/98
Record Date 09/11/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 3,120,000.00
Per $50,000 original principal amount of the Notes 1,402.537154
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 520,979.14
Per $50,000 original principal amount of the Notes 234.196347
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 108,107,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.82625%
PERIOD 2 5.82625%
PERIOD 3 5.82625%
CURRENT RATE (LIBOR) 5.81453%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.6208%
PERIOD 2 6.5855%
PERIOD 3 6.5404%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 587,967.55
(vii) (a) Service Fee for related Collection Period (Pro Rata) 278.13
Per $50,000 original principal amount of the Notes 0.125030
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 8,254.47
Per $50,000 original principal amount of the Notes 3.710643
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 507,000.00
(b) Amount in the Pre-Funding Account 507,810.68
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 507,000.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 07/31/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 507,000.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 08/11/98
Cusip # 182743-AL8 Distribution Date 08/17/98
Record Date 08/13/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 8,596,000.00
Per $50,000 original principal amount of the Notes 3,586.957429
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 639,942.19
Per $50,000 original principal amount of the Notes 267.036458
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 111,227,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.82625%
PERIOD 2 5.82625%
PERIOD 3 5.82625%
CURRENT RATE (LIBOR) 5.82625%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.6593%
PERIOD 2 6.6208%
PERIOD 3 6.5855%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 725,216.39
(vii) (a) Service Fee for related Collection Period (Pro Rata) 208.40
Per $50,000 original principal amount of the Notes 0.086962
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 8,734.22
Per $50,000 original principal amount of the Notes 3.644632
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 07/09/98
Cusip # 182743-AL8 Distribution Date 07/15/98
Record Date 07/13/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 6,964,000.00
Per $50,000 original principal amount of the Notes 2,746.338347
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 615,577.30
Per $50,000 original principal amount of the Notes 242.760417
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 119,823,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.85750%
PERIOD 2 5.82625%
PERIOD 3 5.82625%
CURRENT RATE (LIBOR) 5.82625%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.6143%
PERIOD 2 6.6593%
PERIOD 3 6.6208%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 701,560.02
(vii) (a) Service Fee for related Collection Period (Pro Rata) 204.01
Per $50,000 original principal amount of the Notes 0.080456
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 8,941.07
Per $50,000 original principal amount of the Notes 3.526019
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,134,659.58
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,090,858.70
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,658,522.96
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,524,941.78
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 06/09/98
Cusip # 182743-AL8 Distribution Date 06/15/98
Record Date 06/11/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 7,329,000.00
Per $50,000 original principal amount of the Notes 2,732.336187
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 672,866.49
Per $50,000 original principal amount of the Notes 250.852431
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 126,787,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.79500%
PERIOD 2 5.85750%
PERIOD 3 5.82625%
CURRENT RATE (LIBOR) 5.82625%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.6742%
PERIOD 2 6.6143%
PERIOD 3 6.6593%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 766,392.10
(vii) (a) Service Fee for related Collection Period (Pro Rata) 310.66
Per $50,000 original principal amount of the Notes 0.115818
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 9,654.02
Per $50,000 original principal amount of the Notes 3.599131
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,748,816.63
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,912,869.91
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,184,928.20
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 553,499.99
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 05/11/98
Cusip # 182743-AL8 Distribution Date 05/15/98
Record Date 05/13/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 6,023,000.00
Per $50,000 original principal amount of the Notes 2,148.937840
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 680,404.04
Per $50,000 original principal amount of the Notes 242.760417
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 134,116,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 5.77938%
PERIOD 2 5.79500%
PERIOD 3 5.85750%
CURRENT RATE (LIBOR) 5.82625%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.7400%
PERIOD 2 6.6742%
PERIOD 3 6.6143%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 775,932.13
(vii) (a) Service Fee for related Collection Period (Pro Rata) 204.65
Per $50,000 original principal amount of the Notes 0.073016
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 9,614.27
Per $50,000 original principal amount of the Notes 3.430261
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,395,020.97
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 2,449,466.28
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,232,057.10
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 356,562.10
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such 0.00
Distribution Date
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-4 Determination Date 04/09/98
Cusip # 182743-AL8 Distribution Date 04/15/98
Record Date 04/13/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-4 NOTES 4,075,000.00
Per $50,000 original principal amount of the Notes 1,412.830932
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-4 NOTES 703,944.59
Per $50,000 original principal amount of the Notes 244.062500
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-4 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 523,381,127.52
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-4 NOTES 140,139,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-4 NOTES
PERIOD 1 6.11141%
PERIOD 2 5.77938%
PERIOD 3 5.79500%
CURRENT RATE (LIBOR) 5.85750%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.6688%
PERIOD 2 6.7400%
PERIOD 3 6.6742%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 806,048.10
(vii) (a) Service Fee for related Collection Period (Pro Rata) 200.34
Per $50,000 original principal amount of the Notes 0.069459
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
5. Surety Provider Fee (Pro Rata) 10,192.11
Per $50,000 original principal amount of the Notes 3.533676
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 0.00
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-4 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been 0.00
---
paid in full)
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 4,959,446.92
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,991,653.80
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 2,842,288.72
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 379,030.49
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 433,753.86
(xix) Parity Percentage Numerator 563,711,193.35
--------------
as of 02/28/98 Denominator 562,598,988.98 100.20%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,042.06
(xxi) Amount of Additional Principal Payments, if any, made on such 0.00
Distribution Date
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 12/10/98
Cusip # 182743-AM6 Distribution Date 12/16/98
Record Date 12/14/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 241,052.78
Per $50,000 original principal amount of the Notes 209.611111
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.620000%
PERIOD 3 5.370000%
CURRENT RATE (Based on Auction) 5.390000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 278,587.50
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,503.51
Per $50,000 original principal amount of the Notes 18.698704
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 129.63
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044,816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,687,173.14
(xix) Parity Percentage Numerator 917,728,922.44
--------------
as of 10/31/98 Denominator 926,829,229.43 99.02%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 11/12/98
Cusip # 182743-AM6 Distribution Date 11/18/98
Record Date 11/16/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 240,158.33
Per $50,000 original principal amount of the Notes 208.833333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.600000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.370000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.220000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 278,970.83
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,288.37
Per $50,000 original principal amount of the Notes 18.511626
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 128.67
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,781,000.10
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 6,782,958.71
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,445,452.90
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,778,182.51
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
-----------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 10/15/98
Cusip # 182743-AM6 Distribution Date 10/21/98
Record Date 10/19/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 251,338.89
Per $50,000 original principal amount of the Notes 218.555556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,419,460.64
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.600000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.620000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.585500%
PERIOD 2 6.540400%
PERIOD 3 6.270000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 283,431.56
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,086.84
Per $50,000 original principal amount of the Notes 18.336383
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 128.24
Per $50,000 original principal amount of the Notes 0.111512
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 09/17/98
Cusip # 182743-AM6 Distribution Date 09/23/98
Record Date 09/21/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 250,444.44
Per $50,000 original principal amount of the Notes 217.777778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.620000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 292,861.40
(vii) (a) Service Fee for related Collection Period (Pro Rata) 22,781.83
Per $50,000 original principal amount of the Notes 19.810287
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 126.14
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 08/20/98
Cusip # 182743-AM6 Distribution Date 08/26/98
Record Date 08/24/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 250,444.44
Per $50,000 original principal amount of the Notes 217.777778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 294,630.96
(vii) (a) Service Fee for related Collection Period (Pro Rata) 22,781.83
Per $50,000 original principal amount of the Notes 19.810287
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 126.14
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 07/23/98
Cusip # 182743-AM6 Distribution Date 07/29/98
Record Date 07/27/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 251,338.89
Per $50,000 original principal amount of the Notes 218.555556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.620000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.614250%
PERIOD 2 6.659250%
PERIOD 3 6.620800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 296,096.89
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,967.30
Per $50,000 original principal amount of the Notes 19.102000
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 125.17
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,134,659.58
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,090,858.70
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,658,522.96
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,524,941.78
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 06/25/98
Cusip # 182743-AM6 Distribution Date 07/01/98
Record Date 06/29/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 252,680.56
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.674200%
PERIOD 2 6.614250%
PERIOD 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 295,878.07
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,967.30
Per $50,000 original principal amount of the Notes 19.102000
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 125.17
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,134,659.58
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 4,090,858.70
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,658,522.96
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 1,524,941.78
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 05/28/98
Cusip # 182743-AM6 Distribution Date 06/03/98
Record Date 06/01/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 252,680.56
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate
Interest Carryover being paid or
distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction
Rate Interest Carryover to be paid or
distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.595000%
PERIOD 2 5.650000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.740000%
PERIOD 2 6.674200%
PERIOD 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 295,806.19
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,500.70
Per $50,000 original principal amount of the Notes 18.696261
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 124.39
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on 0.00
deposit in the Pre-Funding Account
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,748,816.63
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,912,869.91
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,184,928.20
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 553,499.99
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 04/30/98
Cusip # 182743-AM6 Distribution Date 05/06/98
Record Date 05/04/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 252,680.56
Per $50,000 original principal amount of the Notes 219,722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.550000%
PERIOD 2 5.595000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.740000%
PERIOD 2 6.674200%
PERIOD 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 297,911.01
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,460.70
Per $50,000 original principal amount of the Notes 18.661478
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 123.87
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,395,020.97
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 2,449,466.28
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,232,057.10
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 356,562.10
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-5 Determination Date 04/02/98
Cusip # 182743-AM6 Distribution Date 04/08/98
Record Date 04/06/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-5 NOTES 252,680.56
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-5 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 523,381,127.52
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-5 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-5 NOTES
PERIOD 1 5.960000%
PERIOD 2 5.550000%
PERIOD 3 5.595000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.668750%
PERIOD 2 6.740000%
PERIOD 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 300,587.00
(vii) (a) Service Fee for related Collection Period (Pro Rata) 13,696.19
Per $50,000 original principal amount of the Notes 11.909730
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 123.39
Per $50,000 original principal amount of the Notes 0.107294
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 0.00
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 4,959,446.92
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,991,653.80
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 2,842,288.72
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 379,030.49
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 433,753.86
(xix) Parity Percentage Numerator 563,711,193.35
--------------
as of 02/28/98 Denominator 562,598,988.98 100.20%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,042.06
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 12/17/98
Cusip # 182743-AN4 Distribution Date 12/23/98
Record Date 12/21/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 237,027.78
Per $50,000 original principal amount of the Notes 206.111111
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 860,576,423.59
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.400000%
PERIOD 3 5.450000%
CURRENT RATE (Based on Auction) 5.300000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.230000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 526,987.50
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,503.51
Per $50,000 original principal amount of the Notes 18.698704
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 129.63
Per $50,000 original principal amount of the Notes 0.112718
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,233.70
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 8,358,523.67
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,044,816.26
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 7,523,663.21
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,864,386.03
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 1,687,173.14
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator 917,728,922.44
--------------
as of 10/31/98 Denominator 926,829,229.43 99.02%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 11/19/98
Cusip # 182743-AN4 Distribution Date 11/25/98
Record Date 11/23/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 243,736.11
Per $50,000 original principal amount of the Notes 211.944444
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 865,922,060.87
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.590000%
PERIOD 2 5.600000%
PERIOD 3 5.400000%
CURRENT RATE (Based on Auction) 5.450000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.540400%
PERIOD 2 6.270000%
PERIOD 3 6.220000%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 278,411.81
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,288.37
Per $50,000 original principal amount of the Notes 18.511626
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 128.67
Per $50,000 original principal amount of the Notes 0.111886
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 4,214.94
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,781,000.10
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 6,782,958.71
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,445,452.90
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,778,182.51
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 1,932,208.00
(xix) Parity Percentage Numerator N/A
-------------
as of 09/30/98 Denominator N/A N/A
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 0.00
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 10/22/98
Cusip # 182743-AN4 Distribution Date 10/28/98
Record Date 10/26/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 241,500.00
Per $50,000 original principal amount of the Notes 210.000000
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,419,460.64
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.620000%
PERIOD 2 5.590000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.400000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 O.OOOO00%
PERIOD 2 O.OOOO00%
PERIOD 3 O.OOOO00%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 280,408.33
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,086.84
Per $50,000 original principal amount of the Notes 18.336383
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 128.24
Per $50,000 original principal amount of the Notes 0.111512
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952.249.462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 09/24/98
Cusip # 182743-AN4 Distribution Date 09/30/98
Record Date 09/28/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 250,444.44
Per $50,000 original principal amount of the Notes 217.777778
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.640000%
PERIOD 2 5.620000%
PERIOD 3 5.590000%
CURRENT RATE (Based on Auction) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 292,501.22
(vii) (a) Service Fee for related Collection Period (Pro Rata) 22,781.83
Per $50,000 original principal amount of the Notes 19.810287
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 126.14
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
--------------
as of 06/30/98 Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 08/27/98
Cusip # 182743-AN4 Distribution Date 09/02/98
Record Date 08/31/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 249,997.22
Per $50,000 original principal amount of the Notes 217.388889
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.640000%
PERIOD 2 5.640000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.590000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585550%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 294,518.19
(vii) (a) Service Fee for related Collection Period (Pro Rata) 22,781.83
Per $50,000 original principal amount of the Notes 19.810287
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 126.14
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.68
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed 970,570.71
with the appropriate Guarantor and which are awaiting payment
(xix) Parity Percentage Numerator 961,039,499.25
as of 06/30/98 --------------
Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 07/30/98
Cusip # 182743-AN4 Distribution Date 08/05/98
Record Date 07/31/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 251,338.89
Per $50,000 original principal amount of the Notes 218.555556
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 881,690,190.20
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.650000%
PERIOD 2 5.640000%
PERIOD 3 5.640000%
CURRENT RATE (Based on Auction) 5.620000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.659250%
PERIOD 2 6.620800%
PERIOD 3 6.585500%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 295,814.98
(vii) (a) Service Fee for related Collection Period (Pro Rata) 22,781.83
Per $50,000 original principal amount of the Notes 19.810287
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 126.14
Per $50,000 original principal amount of the Notes 0.109685
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 402,960.84
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 6,085,916.51
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 3,609,983.98
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 5,339,829.65
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,542,892.65
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 970,570.71
(xix) Parity Percentage Numerator 961,039,499.25
as of 06/30/98 --------------
Denominator 952,249,462.53 100.92%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 07/02/98
Cusip # 182743-AN4 Distribution Date 07/08/98
Record Date 07/03/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 252,233.33
Per $50,000 original principal amount of the Notes 219.333333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 889,666,941.40
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.700000%
PERIOD 2 5.650000%
PERIOD 3 5.640000%
CURRENT RATE (Based on Auction) 5.640000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.614250%
PERIOD 2 6.659250%
PERIOD 3 6.620800%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 297,326.75
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,967.30
Per $50,000 original principal amount of the Notes 19.102000
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 125.17
Per $50,000 original principal amount of the Notes 0.108845
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 400,724.57
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days 7,134,659.58
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days 4,090,858.70
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days 4,658,522.96
Delinquent
(d) Number of Financed Student Loans that are more than 181 days 1,524,941.78
Delinquent
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 828,965.68
(xix) Parity Percentage Numerator 963,919,063.07
--------------
as of 05/31/98 Denominator 960,156,438.64 100.39%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 06/04/98
Cusip # 182743-AN4 Distribution Date 06/10/98
Record Date 06/05/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 252,233.33
Per $50,000 original principal amount of the Notes 219.333333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 870,775,455.10
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.700000%
PERIOD 3 5.650000%
CURRENT RATE (Based on Auction) 5.640000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.674200%
PERIOD 2 6.614250%
PERIOD 3 6.659250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 296,524.94
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,500.70
Per $50,000 original principal amount of the Notes 18.696261
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.0000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 124.39
Per $50,000 original principal amount of the Notes 0.108165
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,964,252.79
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,748,816.63
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,912,869.91
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,184,928.20
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 553,499.99
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 642,227.54
(xix) Parity Percentage Numerator 967,637,091.95
--------------
as of 04/30/98 Denominator 965,760,725.35 100.19%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 05/07/98
Cusip # 182743-AN4 Distribution Date 05/13/98
Record Date 05/08/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 252,680.56
Per $50,000 original principal amount of the Notes 219.722222
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 877,996,963.03
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.630000%
PERIOD 2 5.600000%
PERIOD 3 5.700000%
CURRENT RATE (Based on Auction) 5.650000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.740000%
PERIOD 2 6.674200%
PERIOD 3 6.614250%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 297,241.30
(vii) (a) Service Fee for related Collection Period (Pro Rata) 21,460.70
Per $50,000 original principal amount of the Notes 18.661478
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 123.87
Per $50,000 original principal amount of the Notes 0.107709
5. Surety Provider Fee (Pro Rata) 3,833.33
Per $50,000 original principal amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 26,844,801.46
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 7,395,020.97
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 2,449,466.28
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 4,232,057.10
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 356,562.10
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 627,450.63
(xix) Parity Percentage Numerator 970,889,438.27
--------------
as of 03/31/98 Denominator 969,600,040.41 100.13%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,102.97
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
- --------------------------------------------------------------------------------
CLASSNOTES TRUST 1997 - I
Noteholders' Statement Pursuant to Section 5.7 (a) of the Sale &
Servicing Agreement
CLASS A-6 Determination Date 04/09/98
Cusip # 182743-AN4 Distribution Date 04/15/98
Record Date 04/10/98
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(ii) Amount of Interest being paid or distributed in respect of the Notes
CLASS A-6 NOTES 254,916.67
Per $50,000 original principal amount of the Notes 221.666667
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover being
paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest Carryover to
be paid or distributed in respect of the Notes
CLASS A-6 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 523,381,127.52
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-6 NOTES 57,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-6 NOTES
PERIOD 1 5.960000%
PERIOD 2 5.630000%
PERIOD 3 5.600000%
CURRENT RATE (Based on Auction) 5.700000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.668750%
PERIOD 2 6.740000%
PERIOD 3 6.674200%
(b) Amount of Interest that would have been paid on such
Note Distribution Date if Interest was calculated
instead based on the Net Loan Rate 299,851.32
(vii) (a) Service Fee for related Collection Period (Pro Rata) 13,696.19
Per $50,000 original principal amount of the Notes 11.909730
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 718.75
Per $50,000 original principal amount of the Notes 0.625000
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 123.39
Per $50,000 original principal amount of the Notes 0.107294
5. Surety Provider Fee (Pro Rata) 3,961.11
Per $50,000 original principal amount of the Notes 3.444444
(ix) Amount of payments to the Surety Provider in reimbursement
of prior draws under any Note Surety Bond or Certificate
Surety Bond 0.00
(x) Aggregate amount of Realized losses for the related Collection
period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note Surety bond
(together with any other information required to make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account 0.00
(xv) Aggregate amount (if any) paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period to
be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class Notes have been
---
paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during the
preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 4,959,446.92
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 3,991,653.80
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 2,842,288.72
(d) Number of Financed Student Loans that are more than 181 days
Delinquent 379,030.49
(e) Number of Financed Student Loans for which claims have been filed
with the appropriate Guarantor and which are awaiting payment 433,753.86
(xix) Parity Percentage Numerator 563,711,193.35
--------------
as of 02/28/98 Denominator 562,598,988.98 100.20%
(xx) Excess of amounts deposited into the Collection Account with respect to
the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings) 45,042.06
(xxi) Amount of Additional Principal Payments, if any, made on such
Distribution Date 0.00
</TABLE>
The Money Store, Inc.
By: /s/ Harry Puglisi
------------------------------
Harry Puglisi
Treasurer
