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99(b)
KEYCORP STUDENT LOAN TRUST 1999-A
NOTEHOLDERS' STATEMENT
pursuant to Section 5.07(b) of Sale and
Servicing Agreement (capitalized terms used herein are
defined in Appendix A thereto)
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<TABLE>
<S> <C>
Distribution Date: September 27, 2000
(i) Amount of principal being paid or distributed:
(a) Class A-1 Notes: (1) $23,331,936.93
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(2) ( $ 0.0000897 , per $1,000 original principal amount of the Notes)
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(b) Class A-2 Notes: (1) $0.00
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(2) ( $ - , per $1,000 original principal amount of the Notes)
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(ii) Amount of interest being paid or distributed on:
(a) Class A-1 Notes: (1) $1,555,890.24 6.9100000% (Based on 3-Month LIBOR)
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(2) ( $ 0.0000060 , $1,000 original principal amount of the Notes)
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--------------------
(b) Class A-2 Notes: (1) $10,349,591.11 7.1000000% (Based on 3-Month LIBOR)
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(2) ( $ 0.0000181 , per $1,000 original principal amount of the Notes)
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(c) (1) 3 Mo. Libor for the reporting period from the previous Distribution Date was: 6.2475000%
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(2) The Student Loan Rate was: Not Applicable
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(iii) Amount of Noteholders' Interest Index Carryover being paid or distributed
(if any) and amount remaining (if any):
(a) Distributed: (1) $0.00
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(2) ( $ - , per $1,000 original principal amount of the Notes)
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(b) Balance: (1) $ -
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(2) ( $ - , per $1,000 original principal amount of the Notes)
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(iv) Pool Balance at end of related Collection Period: $657,677,452.59
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(v) After giving effect to distributions on this Distribution Date:
(a) (1) Outstanding principal amount of Class A-1 Notes: $64,776,111.56
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(2) Class A-1 Note Pool Factor: 0.24913889
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(b) (1) Outstanding principal amount of Class A-2 Notes: $570,400,000.00
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(2) Class A-2 Note Pool Factor: 1.00000000
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(vi) (a) (1) Amount of Servicing Fee for related Collection Period: $726,470.20
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(2) $ 0.8748437 , per $1,000 original principal amount of the Notes.
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(b) Amount of Excess Servicing Fee being distributed and remaining balance (if any):
(1) Distributed: $0.00
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$ - , per $1,000 original principal amount of the Notes.
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(2) Balance: $0.00
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$ - , per $1,000 original principal amount of the Notes.
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(c) Amount of Administration Fee for related Collection Period: $3,000.00
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$ 0.0036127 , per $1,000 original principal amount of the Notes
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<TABLE>
<S> <C> <C> <C> <C>
(vii) (a) Aggregate amount of Realized Losses (if any) for the related Collection Period: ($987.71)
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(b) Delinquent Contracts # Disb. % $ Amount %
------- - -------- -
30-60 Days Delinquent 1,252 1.69% $13,929,705 2.81%
61-90 Days Delinquent 634 0.85% $ 7,633,043 1.54%
91-120 Days Delinquent 447 0.60% $ 5,132,902 1.04%
More than 120 Days Delinquent 916 1.23% $ 9,854,261 1.99%
Claims Filed Awaiting Payment 869 1.17% $ 8,220,788 1.66%
---------- ---------- -------------------- -----------
TOTAL 4,118 5.54% $44,770,699 9.03%
(viii) Amount in the Reserve Account: $2,079,324.15
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(ix) Amount in the Prefunding Account: $0.00
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(x) Amount in the Subsequent Pre-Funding Subaccount at the end of the Subsequent Funding Period to
be distributed as a payment of principal in respect of Notes: $0.00
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(xi) Amount in the Other Additional Prefunding Account at the end of the Subsequent Funding Period
to be distributed as a payment of principal in respect of Notes: $0.00
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(xii) (a) Cumulative TERI Claims Ration as of Distribution Date 2.30%
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(b) TERI Trigger Event has not occured.
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