Fitch Rates SLM Student Loan Trust 2012-8

NEW YORK--()--Fitch Ratings has assigned the following ratings to the SLM Student Loan Trust 2012-8, student loan-backed notes:

--$1,484,500,000 Floating Rate Class A Notes 'AAAsf'; Outlook Negative; and

--$42,500,000 Floating Rate Class B Notes 'A+sf'; Outlook Stable.

Fitch's stress analysis is discussed in the presale titled 'SLM Student Loan Trust 2012-8', dated Nov. 26, 2012.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (June 6, 2012);

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria' (April 3, 2012).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675202

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Contacts

Fitch Ratings
Primary Analyst
Steven Stubbs
Senior Director
+1-212-908-0676
Fitch, Inc.
One State Street Plaza
New York, NY10004
or
Secondary Analyst
Jenny Ovalle
Associate Director
+1-212-908-0849
or
Committee Chairperson
Tracy Wan
Senior Director
+1-212-908-9171
or
Media Relations:
Sandro Scenga, +1-212-908-0278 (New York)
sandro.scenga@fitchratings.com

Sharing

Contacts

Fitch Ratings
Primary Analyst
Steven Stubbs
Senior Director
+1-212-908-0676
Fitch, Inc.
One State Street Plaza
New York, NY10004
or
Secondary Analyst
Jenny Ovalle
Associate Director
+1-212-908-0849
or
Committee Chairperson
Tracy Wan
Senior Director
+1-212-908-9171
or
Media Relations:
Sandro Scenga, +1-212-908-0278 (New York)
sandro.scenga@fitchratings.com