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Exhibit 99(a)
KEYCORP STUDENT LOAN TRUST 2000-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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Distribution Date: November 27, 2000
(i) Amount of principal being paid or distributed in respect of the Class A-1 Notes:
$7,846,600.20
( $ 0.0000785, per $1,000 original principal amount of Class A-1 Notes)
(ii) Amount of principal being paid or distributed in respect of the
Class A-2 Notes:
$0.00
( $ - , per $1,000 original principal amount of Class A-2 Notes)
(iii) Amount of interest being paid or distributed in respect of the Class A-1 Notes:
$3,005,888.89
( $ 0.0000301, per $1,000 original principal amount of Class A-1 Notes)
(iv) Amount of interest being paid or distributed in respect of the Class A-2 Notes:
$13,901,750.00
( $ 0.0000309, per $1,000 original principal amount of Class A-2 Notes)
(v) Amount of Noteholders' Interest Index Carryover being paid or distributed (if any)
and amount remaining (if any):
(1) Distributed to Class A-1 Noteholders:
$0.00
( $ - , per $1,000 original principal amount of Class A-1 Notes)
(2) Distributed to Class A-2 Noteholders:
$0.00
( $ - , per $1,000 original principal amount of Class A-2 Notes)
(3) Balance on Class A-1 Notes:
$0.00
( $ - , per $1,000 original principal amount of Class A-1 Notes)
(4) Balance on Class A-2 Notes:
$0.00
( $ - , per $1,000 original principal amount of Class A-2 Notes)
(vi) Payments made under the Cap Agreement on such date: November 24, 2000
( $0.00 with respect to the Class A-1 Notes,
( $0.00 with respect to the Class A-2 Notes;
and the total outstanding amount owed to the Cap Provider:_________________________
(vii) Pool Balance at the end of the related Collection Period: $500,930,447.27
(viii) After giving effect to distributions on this Distribution Date:
(a) (1) Outstanding principal amount of Class A-1 Notes: $ 92,153,399.80
(2) Pool Factor for the Class A-1 Notes: 0.92153400
(b) (1) Outstanding principal amount of Class A-2 Notes: $450,000,000.00
(2) Pool Factor for the Class A-2 Notes: 1.00000000
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(ix) Note Interest Rate for the Notes:
(a) In general
(1) Three-Month Libor was
6.7612500% for the period from the Closing Date to but excluding 8/25/00 and
6.6900000% for the period from and including 8/25/00 to but excluding 11/27/2000 and
(2) The Student Loan Rate was: 6.5037393%
(b) Note Interest Rate for the Class A-1 Notes: 6.8488608% (Based on 3-Month LIBOR)
(c) Note Interest Rate for the Class A-2 Notes: 7.0388608% (Based on 3-Month LIBOR)
(x) Amount of Master Servicing Fee for related Collection Period: $1,051,578.96
$ 0.000010516, per $1,000 original principal amount of Class A-1 Notes.
$ 0.000002337, per $1,000 original principal amount of Class A-2 Notes.
(xi) Amount of Administration Fee for related Collection Period: $3,000.00
$ 0.000000030 , per $1,000 original principal amount of Class A-1 Notes.
$ 0.000000007 , per $1,000 original principal amount of Class A-2 Notes.
(xii) (a) Aggregate amount of Realized Losses (if any) for the related Collection Period: $81,316.34
(b) Delinquent Contracts # Disb. % $ Amount %
------- --- ----------- ---
30-60 Days Delinquent 539 2.30% $ 5,758,850 2.57%
61-90 Days Delinquent 382 1.63% $ 4,117,472 1.84%
91-120 Days Delinquent 335 1.43% $ 3,067,554 1.37%
More than 120 Days Delinquent 171 0.73% $ 2,025,220 0.91%
Claims Filed Awaiting Payment 77 0.33% $ 810,867 0.36%
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TOTAL 1,504 6.43% $ 15,779,963 7.05%
(c) Amounts of any Insured Payments made under the Securities Guaranty Ins Policy: $ -
(d) Reserve Account Balance $9,625,000
Draw for this Distribution Date $ -
Realized Loss Draw $ -
(xiii) Amount in the Prefunding Account: $31,153,941.86
(xiv) Amount remaining in the Subsequent Pool Pre-Funding Subaccount not used to acquire
Subsequent Pool Student Loans: 0.00
(xv) Amount in the Pre-Funding Account at the end of the Funding period to be distributed: $0.00
(xvi) Amount of Insurer Premuim paid to the Securities Insurer on such Distribution Date: $123,750.00
(xvii) Amount received from Securities Insurer with respect to the Securities
Guaranty Insurance Policy: __________________
(xviii) Amount paid to the Securities Insurer in reimbursement of all Insured Payments made
pursuant to the Securities Guaranty Insurance Policy:________________________________________
(xix) The Trust Swap Pymt Amount paid to the Swap Counterparty on such Dist Date: $98,678.85
The Amount of any Net Trust Swap Pymt Carryover Shotrfall for such Dist Date: 0.00
The Trust Swap Receipt Amount paid to the Trust on such Distribution Date: $0.00
The Net Trust Swap Receipt Carryover Shortfall for such Distribution Date: 0.00
and the amount of any Termination Pymt either paid by or made to the Trust on 0.00
such Distribution Date:
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