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Exhibit 99(a)
KEYCORP STUDENT LOAN TRUST 1999-B
CERTIFICATEHOLDERS' 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>
Distribution Date: Nov 27, 2000
(i) Amount of principal being paid or distributed in respect of the
Certificates:
$0.00
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( $ - , per $1,000 original principal amount of the Notes)
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(ii) (a) Amount of interest being paid or distributed in respect of the Certificates:
$1,257,641.67
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( $ 0.0000193 , per $1,000 original principal amount of the Notes)
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(a) Amount of interest being paid or distributed in respect of the Certificates Strip:
$ 30,550.00
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( $ 0.0000005 , per $1,000 original principal amount of the Notes)
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(iii) Amount of Certificateholders' Interest Index Carryover being or distributed (if any) and amount
remaining (if any):
(1) (a) Distributed to Certificateholders:
$0.00
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( $ - , per $1,000 original principal amount of the Certificates)
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(b) Distributed to Certificateholders:
$0.00
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( $ - , per $1,000 original principal amount of the Certificates)
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(2) (a) Balance on Certificateholders:
$0.00
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( $ - , per $1,000 original principal amount of the Notes)
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(b) Balance on Certificateholders:
$0.00
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( $ - , per $1,000 original principal amount of the Notes)
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(iv) Payments made under the Cap Agreement on such date: November 24, 2000
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( $0.00 with respect to the Certificates,
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( $0.00 with respect to the Notes,
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( $0.00 outstanding amount owed to Cap Provider.
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(v) Pool Balance at end of related Collection Period: $906,623,745.08
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(vi) After giving effect to distributions on this Distribution Date:
(a) (1) Outstanding principal amount of Class A-1 Notes: $204,989,377.42
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(2) Class A-1 Note Pool Factor: 0.73210492
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(b) (1) Outstanding principal amount of Class A-2 Notes: $625,000,000.00
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(2) Class A-2 Note Pool Factor: 1.00000000
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(c) (1) Outstanding principal amount of Class M Notes: $30,000,000.00
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(2) Class M Note Pool Factor: 1.00000000
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(d) (1) Outstanding principal amount of Certificates: $65,000,000.00
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(2) Certificate Pool Factor: 1.00000000
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<S> <C> <C> <C> <C>
(vii) Certificate Interest Rate:
(a) In general
(1) Three-Month Libor was
0.0000000% for the period from the Closing Date to but excluding 11/26/99 and
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6.6900000% for the period from and including 11/26/99 to but excluding 02/25/2000 and
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(2) The Student Loan Rate was: Not Applicable (1)
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(b) Certificate Interest Rate: 7.5900000% (Based on 3-Month LIBOR)
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(1)This Calculation not required unless Three-Month LIBOR for such
Interest Period is 100 basis points greater than Three-Month LIBOR
of the preceding Determination Date.
(viii) Amount of Master Servicing Fee for related Collection Period: $1,113,580.54
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$ 0.000017132 , per $1,000 original principal amount of the Certificates.
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(ix) Amount of Administration Fee for related Collection Period: $3,000.00
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$ 0.046153846 , per $1,000 original principal amount of the Certificates.
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(x) (a) Aggregate amount of Realized Losses (if any) for the related Collection Period: $309,954.34
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(b) Delinquent Contracts # Disb. % $ Amount %
------- - -------- -
30-60 Days Delinquent 1,943 2.57% $18,866,706 3.44%
61-90 Days Delinquent 778 1.03% $ 7,669,360 1.40%
91-120 Days Delinquent 563 0.75% $ 4,746,397 0.86%
More than 120 Days Delinquent 696 0.92% $ 6,342,267 1.15%
Claims Filed Awaiting Payment 563 0.75% $ 5,501,546 1.00%
------ ------ ------------ ------
TOTAL 4,543 6.02% $43,126,275 7.85%
(xi) Amount in the Reserve Account: $16,614,201.71
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(xii) Amount in the Prefunding Account: $4,726,728.38
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(xiii)Amount remaining in the Subsequent Pool Pre-Funding Subaccount not used to acquire
Subsequent Pool Student Loans: 0.00
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