EX-99.1 3 l04382aexv99w1.txt EXHIBIT 99.1 NOTEHOLDERS' STATEMENT Exhibit 99(a) KEYCORP STUDENT LOAN TRUST 2002-A Noteholders' Statement pursuant to Section 5.07 of Sale and Servicing Agreement (capitalized terms used herein are defined in Appendix A thereto) DISTRIBUTION DATE: NOVEMBER 28, 2003 --------------------- (i) Amount of PRINCIPAL being paid or distributed in respect of the CLASS I-A-1 Notes: $8,645,007.01 --------------------- ( $0.00010568468 per $1,000 original principal amount of Class I-A-1 Notes) ------------------------- (ii) Amount of PRINCIPAL being paid or distributed in respect of the CLASS I-A-2 Notes: $0.00 --------------------- ( $0.00000000000 per $1,000 original principal amount of Class II-A-2 Notes) ------------------------- (iii) Amount of PRINCIPAL being paid or distributed in respect of the CLASS I-B Notes: $0.00 --------------------- ( $0.00000000000 per $1,000 original principal amount of Class I-B Notes) ------------------------- (iv) Amount of PRINCIPAL being paid or distributed in respect of the CLASS II-A-1 Notes: $16,276,466.26 --------------------- ( $0.00012146617 per $1,000 original principal amount of Class II-A-1 Notes) ------------------------- (v) Amount of PRINCIPAL being paid or distributed in respect of the CLASS II-A-2 Notes: $0.00 --------------------- ( $0.00000000000 per $1,000 original principal amount of Class II-A-2 Notes) ------------------------- (vi) Amount of INTEREST being paid or distributed in respect of the CLASS I-A-1 Notes: $112,370.65 --------------------- ( $0.00000137372 per $1,000 original principal amount of Class I-A-1 Notes) ------------------------- (vii) Amount of INTEREST being paid or distributed in respect of the CLASS I-A-2 Notes: $628,757.50 --------------------- ( $0.00000343583 per $1,000 original principal amount of Class I-A-2 Notes) ------------------------- (viii) Amount of INTEREST being paid or distributed in respect of the CLASS I-B Notes: $38,977.33 --------------------- ( $0.00000475333 per $1,000 original principal amount of Class I-B Notes) ------------------------- (ix) Amount of INTEREST being paid or distributed in respect of the CLASS II-A-1 Notes: $291,510.79 --------------------- ( $0.00000217545 per $1,000 original principal amount of Class II-A-1 Notes) ------------------------- (x) Amount of INTEREST being paid or distributed in respect of the CLASS II-A-2 Notes: $2,203,996.67 --------------------- ( $0.00000397833 per $1,000 original principal amount of Class II-A-2 Notes) ------------------------- (xi) Amount of Noteholders' Interest Index Carryover being paid or distributed (if any) and amount remaining (if any): (1) Distributed to Class I-A-1 Noteholders: $0.00 ------------------------- ( $0.00000000000 per $1,000 original principal amount of Class I-A-1 Notes) ------------------------- (2) Distributed to Class I-A-2 Noteholders: $0.00 ------------------------- ( $0.00000000000 per $1,000 original principal amount of Class I-A-2 Notes) ------------------------- (3) Distributed to Class I-B Noteholders: $0.00 ------------------------- ( $0.00000000000 per $1,000 original principal amount of Class I-B Notes) ------------------------- (4) Distributed to Class II-A-1 Noteholders: $0.00 ------------------------- ( $0.00000000000 per $1,000 original principal amount of Class II-A-1 Notes) ------------------------- (5) Distributed to Class II-A-2 Noteholders: $0.00 ------------------------- ( $0.00000000000 per $1,000 original principal amount of Class II-A-2 Notes) ------------------------- (6) Balance on Class I-A-1 Notes: $0.00 ------------------------------------------- ( $0.00000000000 per $1,000 original principal amount of Class I-A-1 Notes) -------------------------

Page 6 of 9 pages (7) Balance on Class I-A-2 Notes: $0.00 ------------------------------------------- ( $0.00000000000 per $1,000 original principal amount of Class I-A-2 Notes) ------------------------- (8) Balance on Class I-B Notes: $0.00 ------------------------------------------- ( $0.00000000000 per $1,000 original principal amount of Class I-B Notes) ------------------------- (9) Balance on Class II-A-1 Notes: $0.00 ------------------------------------------- ( $0.00000000000 per $1,000 original principal amount of Class II-A-1 Notes) ------------------------- (10) Balance on Class II-A-2 Notes: $0.00 ------------------------------------------- ( $0.00000000000 per $1,000 original principal amount of Class II-A-2 Notes) ------------------------- (xii) (X) Payments made under the Group I Cap Agreement on such date: ( $0.00 with respect to the Class I-A-1 Notes, ------------------------- $0.00 with respect to Class I-A-2 Notes, and ------------------------- $0.00 with respect to Class I-B Notes), and ------------------------- (Y) payments made under the Group II Cap Agreement on such date: ( $0.00 with respect to Class II-A-1 Notes and ------------------------- $0.00 with respect to the Class II-A-2 Notes); and ------------------------- the total outstanding amount owed to the Cap Provider: $0.00 with respect to the Group I Cap Agreement and ------------------------- $0.00 with respect to the Group II Cap Agreement. ------------------------- (xiii) (X) GROUP I POOL BALANCE at the end of the related Collection Period: $218,795,884.89 and ------------------------ (Y) GROUP II POOL BALANCE at the end of the related Collection Period: $622,900,218.70 ------------------------ (xiv) After giving effect to distributions on this Distribution Date: (a) (1) OUTSTANDING PRINCIPAL amount of CLASS I-A-1 Notes: $27,603,589.66 -------------------------- (2) Pool Factor for the Class I-A-1 Notes: 0.337452200 ---------------------- (b) (1) outstanding principal amount of CLASS I-A-2 Notes: $183,000,000.00 -------------------------- (2) Pool Factor for the Class I-A-2 Notes: 1.000000000 ---------------------- (c) (1) outstanding principal amount of CLASS I-B Notes: $8,200,000.00 -------------------------- (2) Pool Factor for the Class I-B Notes: 1.000000000 ---------------------- (d) (1) outstanding principal amount of CLASS II-A-1 Notes: $72,576,201.50 -------------------------- (2) Pool Factor for the Class II-A-1 Notes: 0.541613400 ---------------------- (e) (1) outstanding principal amount of CLASS II-A-2 Notes: $554,000,000.00 -------------------------- (2) Pool Factor for the Class II-A-2 Notes: 1.000000000 ---------------------- (xv) NOTE INTEREST RATE for the Notes: (a) In general: (1) Three-Month LIBOR for the period from the previous Distribution Date to this Distribution Date was 1.14000% -------- (2) the Student Loan Rate was for Group I: 5.54346% and Group II: 3.33158% --------------- --------

Page 7 of 9 pages (b) Note Interest Rate for the CLASS I-A-1 Notes: 1.20000% based on Index-based Rate --------------- ------------------ (c) Note Interest Rate for the CLASS I-A-2 Notes: 1.33000% based on Index-based Rate --------------- ------------------ (d) Note Interest Rate for the CLASS I-B Notes: 1.84000% based on Index-based Rate --------------- ------------------ (e) Note Interest Rate for the CLASS II-A-1 Notes: 1.27000% based on Index-based Rate --------------- ------------------ (f) Note Interest Rate for the CLASS II-A-2 Notes: 1.54000% based on Index-based Rate --------------- ------------------ (xvi) Amount of MASTER SERVICING FEE for related Collection Period: $276,747.36 with respect to the GROUP I Student Loans and ------------------------- $782,709.43 with respect to the GROUP II Student Loans ------------------------- ( $0.00000338322 per $1,000 original principal amount of Class I-A-1 Notes, ------------------------- $0.00000151228 per $1,000 original principal balance of Class I-A-2 Notes ------------------------- $0.00003374968 per $1,000 original principal balance of Class I-B Notes, ------------------------- $0.00000584112 per $1,000 original principal balance of Class II-A-1 Notes and ------------------------- $0.00000141283 per $1,000 original principal balance of Class II-A-2 Notes); ------------------------- (xvii) Amount of ADMINISTRATION FEE for related Collection Period: $779.84 with respect to the GROUP I Notes and ------------------------- $2,220.16 with respect to the GROUP II Notes ------------------------- ( $0.00000000953 per $1,000 original principal amount of Class I-A-1 Notes, ------------------------- $0.00000000426 per $1,000 original principal balance of Class I-A-2 Notes ------------------------- $0.00000009510 per $1,000 original principal balance of Class I-B Notes, ------------------------- $0.00000001657 per $1,000 original principal balance of Class II-A-1 Notes and ------------------------- $0.00000000401 per $1,000 original principal balance of Class II-A-2 Notes); ------------------------- (xviii) (a) Aggregate amount of REALIZED LOSSES (if any) for the related Collection Period: $0.00 with respect to the GROUP I Student Loans ------------------------- $0.00 with respect to the GROUP II Student Loans ------------------------- (b) Balance of Financed Student Loans that are DELINQUENT in each delinquency period as of the end of the related Collection Period: with respect to the GROUP I Student Loans

and with respect to the GROUP II Student Loans.

Page 8 of 9 pages (xix) Amount in the GROUP I PRE-FUNDING Account: $7,704.77 ------------------------- Amount in the Group I Pre-Funding Account at the end of the Funding Period to be distributed as a payment of principal in respect of the Notes: $0.00 ------------------------- Amount remainging in the Group I Subsequent Student Loan Pre-Funding Sub-Account being transferred to the Group I Other Student Loan Pre-Funding Sub-Account: $0.00 ------------------------- (xx) Amount in the GROUP II PRE-FUNDING Account: $3,675,982.80 ------------------------- Amount in the Group II Pre-Funding Account at the end of the Funding Period to be distributed as a payment of principal in respect of the Notes: $0.00 ------------------------- Amount remainging in the Group II Subsequent Student Loan Pre-Funding Sub-Account being transferred to the Group II Other Student Loan Pre-Funding Sub-Account: $0.00 ------------------------- (xxi) Amount of the INSURER PREMIUM paid to the Securities Insurer on such Distribution Date $199,284.33 ---------------- (xxii) Amount received from the Securities Insurer with respect to the Group II Notes Guaranty Insurance Policy: $0.00 -------------------- (xxiii) Amount paid to the Securities Insurer in reimbursement of all Insured Payments made pursuant to the Group II Notes Guaranty Insurance Policy $0.00 -------------------- (xxiv) (A) with respect to the GROUP I INTEREST RATE SWAP: the Trust Swap Payment Amount paid to the Swap Counterparty on such Distribution Date: $25,768.62 ---------------- the amount of any Net Trust Swap Payment Carryover Shortfall for such Distribution 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 Payment either paid by or made to the Trust on such Distribution Date: $0.00 ; and ----------------- (B) with respect to the GROUP II INTEREST RATE SWAP: the Trust Swap Payment Amount paid to the Swap Counterparty on such Distribution Date: $54,345.13 ---------------- the amount of any Net Trust Swap Payment Carryover Shortfall for such Distribution 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 Payment either paid by or made to the Trust on such Distribution Date: $0.00 ----------------- (xxv) the Class I-A-1 Cap Payment paid to the Cap Provider on such Distribution Date: $0.00 ; --------- the Class I-A-2 Cap Payment paid to the Cap Provider on such Distribution Date: $0.00 ; --------- Class I-B Cap Payment paid to the Cap Provider on such Distribution Date: $0.00 ; --------- Class II-A-1 Cap Payment paid to the Cap Provider on such Distribution Date $0.00 ; and --------- Class II-A-2 Cap Payment paid to the Cap Provider on such Distribution Date: $0.00 . ---------

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KEYCORP STUDENT LOAN TRUST 2002-A 8-K/A