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Exhibit 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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<S> <C> <C> <C> <C>
Distribution Date: December 27, 2000
(i) Amount of principal being paid or distributed:
(a) Class A-1 Notes: (1) $21,964,467.35
(2) ( $ 0.0000845 , per $1,000 original principal amount of the Notes)
(b) Class A-2 Notes: (1) $0.00
(2) ( $ - , per $1,000 original principal amount of the Notes)
(ii) Amount of interest being paid or distributed on:
(a) Class A-1 Notes: (1) $1,113,429.38 6.8000000% (Based on 3-Month LIBOR)
(2) ( $ 0.0000043 , per $1,000 original principal amount of the Notes)
(b) Class A-2 Notes: (1) $10,078,492.67 6.9900000% (Based on 3-Month LIBOR)
(2) ( $ 0.0000177 , per $1,000 original principal amount of the Notes)
(c) (1) 3 Mo. Libor for the reporting period from the previous Distribution Date was: 6.7700000%
(2) The Student Loan Rate was: Not Applicable
(iii) Amount of Noteholders' Interest Index Carryover being paid or
distributed (if any) and amount remaining (if any):
(a) Distributed: (1) $0.00
(2) ( $ - , per $1,000 original principal amount of the Notes)
(b) Balance: (1) $ -
(2) ( $ - , per $1,000 original principal amount of the Notes)
(iv) Pool Balance at end of related Collection Period: $637,778,969.77
(v) After giving effect to distributions on this Distribution Date:
(a) (1) Outstanding principal amount of Class A-1 Notes: $42,811,644.21
(2) Class A-1 Note Pool Factor: 0.16466017
(b) (1) Outstanding principal amount of Class A-2 Notes: $570,400,000.00
(2) Class A-2 Note Pool Factor: 1.00000000
(vi) (a) (1) Amount of Servicing Fee for related Collection Period: $710,523.99
(2) $ 0.8556406, per $1,000 original principal amount of the Notes.
(b) Amount of Excess Servicing Fee being distributed and remaining balance (if any):
(1) Distributed: $0.00
$ - , per $1,000 original principal amount of the Notes.
(2) Balance: $0.00
$ - , per $1,000 original principal amount of the Notes.
(c) Amount of Administration Fee for related Collection Period: $3,000.00
$ 0.0036127, per $1,000 original principal amount of the Notes
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<S> <C> <C> <C> <C>
(vii) (a) Aggregate amount of Realized Losses (if any) for the related Collection Period: $1,276.04
<CAPTION>
(b) Delinquent Contracts # Disb. % $ Amount %
------- ----- ------------ -----
<S> <C> <C> <C> <C> <C>
30-60 Days Delinquent 1,247 1.64% $ 15,396,874 3.14%
61-90 Days Delinquent 706 0.93% $ 8,709,947 1.78%
91-120 Days Delinquent 390 0.51% $ 4,883,288 1.00%
More than 120 Days Delinquent 703 0.93% $ 7,853,739 1.60%
Claims Filed Awaiting Payment 891 1.18% $ 8,441,705 1.72%
------- ----- ------------ ------
TOTAL 3,937 5.19% $ 45,285,553 9.24%
<S> <C> <C> <C>
(viii) Amount in the Reserve Account: $2,009,328.33
(ix) Amount in the Prefunding Account: $0.00
(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
(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
(xii) (a) Cumulative TERI Claims Ration as of Distribution Date 3.29%
(b) TERI Trigger Event has not occured.
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