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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>
<CAPTION>
<S> <C>
Distribution Date: June 27, 2000
(i) Amount of principal being paid or distributed:
(a) Class A-1 Notes: (1) $25,261,060.33
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(2) ( $ 0.0000972 , 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) $1,850,593.24 6.3875000% (Based on 3-Month LIBOR)
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(2) ( $ 0.0000071 , per $1,000 original principal amount of the Notes)
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(b) Class A-2 Notes: (1) $9,587,948.67 6.5775000% (Based on 3-Month LIBOR)
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(2) ( $ 0.0000168 , 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: 5.5162500%
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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: $677,635,515.18
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(v) After giving effect to distributions on this Distribution Date:
(a) (1) Outstanding principal amount of Class A-1 Notes: $88,108,048.49
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(2) Class A-1 Note Pool Factor: 0.33887711
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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: $751,220.56
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(2) $ 0.9046490 , 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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<CAPTION>
<S> <C>
(vii) (a) Aggregate amount of Realized Losses (if any) for the related Collection Period: ($460.09)
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(b) Delinquent Contracts # Disb. % $ Amount %
------- - -------- -
30-60 Days Delinquent 1,472 2.02% $ 16,965,724 3.34%
61-90 Days Delinquent 909 1.24% $ 10,090,919 1.99%
91-120 Days Delinquent 650 0.89% $ 7,237,461 1.43%
More than 120 Days Delinquent 1,018 1.39% $ 10,684,772 2.10%
Claims Filed Awaiting Payment 682 0.93% $ 6,155,827 1.21%
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TOTAL 4,731 6.48% $ 51,134,703 10.07%
(viii) Amount in the Reserve Account: $2,155,107.33
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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 1.66%
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(b) TERI Trigger Event has not occured.
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