Exhibit 99.1












				SLM Private Credit Student Loan Trust 2003-B Quarterly Servicing Report
				Distribution Date		06/15/2015
				Collection Period		03/01/2015 - 05/31/2015

				Navient Funding, LLC -		Depositor
				Navient Solutions -		Servicer and Administrator
				Bank of New York -		Indenture Trustee
				The Bank of New York Mellon Trust Company, N.A. -		Trustee
				Navient Investment Corp. -		Excess Distribution Certificateholder


Page 1 of 19


I. Deal Parameters

A	Student Loan Portfolio Characteristics			06/27/2003		02/28/2015		05/31/2015
	Principal Balance		$	1,213,584,181.19	$	409,190,029.90	$	393,367,070.70
	Interest to be Capitalized Balance			33,696,136.79		739,268.57		721,027.93

	Pool Balance		$	1,247,280,317.98	$	409,929,298.47	$	394,088,098.63
	Cash Capitalization Account Balance			102,590,156.00		0.00		0.00

	Asset Balance		$	1,349,870,473.98	$	409,929,298.47	$	394,088,098.63
	Weighted Average Coupon (WAC)			5.05%		3.94%		3.95%
	Weighted Average Remaining Term			189.07		136.16		136.04
	Number of Loans			143,265		57,409		55,752
	Number of Borrowers			103,358		42,903		41,745
	Pool Factor					0.328658516		0.315957923
	Since Issued Constant Prepayment Rate					1.39%		1.28%


B	Debt Securities	Cusip/Isin				03/16/2015 *		06/15/2015
	A2	78443CAM6			$	130,439,903.70	$	116,974,883.84
	A3	78443CAN4			$	109,000,000.00	$	109,000,000.00
	A4	78443CAP9			$	109,000,000.00	$	109,000,000.00
	B	78443CAQ7			$	22,920,032.39	$	21,138,303.81
	C	78443CAR5			$	57,545,976.61	$	57,545,976.61

C	Auction Rate Security Principal Allocated But Not Distributed							06/15/2015
	A3	78443CAN4					$	0.00
	A4	78443CAP9					$	0.00

D	Account Balances					03/16/2015		06/15/2015
	Reserve Account Balance				$	3,118,201.00	$	3,118,201.00
	Cash Capitalization Account Balance				$	-	$	-
	Future Distribution Account				$	764,344.71	$	994,680.92

E	Asset / Liability					03/16/2015		06/15/2015
	Parity Ratio					96.30%		96.02%
	Initial Asset Balance				$	1,349,870,473.98	$	1,349,870,473.98
	Specified Overcollateralization Amount				$	26,997,409.48	$	26,997,409.48
	Actual Overcollateralization Amount				$	0.00	$	0.00
	‘* The prior period note balances are net of payments that were allocated on the previous distribution date and paid during the distribution period.


Page 2 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


II. 2003-B Trust Activity through			05/31/2015

A	Student Loan Principal Receipts
	Borrower Principal		13,804,573.96
	Consolidation Activity Principal		34.64
	Seller Principal Reimbursement		24,142.72
	Servicer Principal Reimbursement		51,020.76
	Delinquent Principal Purchases by Servicer		0.00
	Other Principal Deposits		0.00

	Total Principal Receipts	$	13,879,772.08

B	Student Loan Interest Receipts
	Borrower Interest		3,514,401.20
	Consolidation Activity Interest		(37.76	)
	Seller Interest Reimbursement		214.44
	Servicer Interest Reimbursement		841.15
	Delinquent Interest Purchases by Servicer		0.00
	Other Interest Deposits		0.00

	Total Interest Receipts	$	3,515,419.03

C	Recoveries on Realized Losses	$	1,079,906.81

D	Investment Income	$	1,143.94

E	Funds Borrowed from Next Collection Period	$	0.00

F	Funds Repaid from Prior Collection Period	$	0.00

G	Amount Released from Cash Capitalization Account	$	0.00

H	Interest Rate Cap Proceeds	$	0.00

I	Loan Sale or Purchase Proceeds	$	0.00

J	Initial Deposits to Collection Account	$	0.00

K	Excess Transferred from Other Accounts	$	0.00

L	Borrower Benefit Reimbursements	$	194,012.13

M	Gross Swap Receipt	$	265,469.12

N	Other Deposits	$	-

O	Other Fees Collected	$	0.00

P	Less: Funds Previously Remitted From the Future Distribution Account	$	(2,222,568.91	)

Q	AVAILABLE FUNDS	$	16,713,154.20

R	Non-Cash Principal Activity During Collection Period	$	(1,943,187.12	)

S	Aggregate Purchased Amounts by the Depositor, Servicer or Seller	$	0.00

T	Aggregate Loan Substitutions	$	0.00


Page 3 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


III. 2003-B		Portfolio Characteristics

	05/31/2015										02/28/2015
	Wtd Avg Coupon			# Loans		Principal		% of Principal			Wtd Avg Coupon			# Loans		Principal		% of Principal
INTERIM: IN SCHOOL		4.03	%		67	$	545,906.46		0.139	%		4.22	%		71	$	614,317.37		0.150	%
GRACE		4.61	%		21	$	238,787.61		0.061	%		3.94	%		27	$	278,190.17		0.068	%
DEFERMENT		4.12	%		1,846	$	16,632,115.82		4.228	%		4.15	%		2,093	$	19,013,724.54		4.647	%
REPAYMENT: CURRENT		3.92	%		51,682	$	354,944,516.35		90.232	%		3.91	%		52,701	$	364,163,103.22		88.996	%
31-60 DAYS DELINQUENT		4.11	%		649	$	5,887,343.47		1.497	%		4.08	%		769	$	7,568,337.56		1.850	%
61-90 DAYS DELINQUENT		4.11	%		344	$	3,465,238.60		0.881	%		4.26	%		361	$	3,612,040.07		0.883	%
91-120 DAYS DELINQUENT		4.21	%		244	$	2,784,602.52		0.708	%		4.57	%		328	$	2,991,408.80		0.731	%
121-150 DAYS DELINQUENT		4.43	%		191	$	1,885,215.17		0.479	%		4.45	%		253	$	2,485,226.83		0.607	%
151-180 DAYS DELINQUENT		4.47	%		165	$	1,555,690.33		0.395	%		4.53	%		199	$	2,030,514.40		0.496	%
> 180 DAYS DELINQUENT		4.51	%		177	$	1,811,944.57		0.461	%		4.23	%		159	$	1,728,739.17		0.422	%
FORBEARANCE		3.88	%		366	$	3,615,709.80		0.919	%		3.95	%		448	$	4,704,427.77		1.150	%

TOTAL					55,752	$	393,367,070.70		100.00	%					57,409	$	409,190,029.90		100.00	%

* Percentages may not total 100% due to rounding


Page 4 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


III. 2003-B Portfolio Characteristics (cont’d)

	5/31/2015			2/28/2015
Pool Balance	$	394,088,098.63		$	409,929,298.47
Total # Loans		55,752			57,409
Total # Borrowers		41,745			42,903
Weighted Average Coupon		3.95	%		3.94	%
Weighted Average Remaining Term		136.04			136.16
Percent of Pool - Cosigned		58	%		58	%
Percent of Pool - Non Cosigned		42	%		42	%
Borrower Interest Accrued for Period	$	3,923,183.96		$	3,989,985.72
Outstanding Borrower Interest Accrued	$	2,170,286.11		$	2,137,005.53
Gross Principal Realized Loss - Periodic	$	2,246,523.65		$	2,002,843.43
Gross Principal Realized Loss - Cumulative	$	119,227,413.23		$	116,980,889.58
Delinquent Principal Purchased by Servicer - Periodic	$	0.00		$	0.00
Delinquent Principal Purchased by Servicer - Cumulative	$	78,360,768.52		$	78,360,768.52
Recoveries on Realized Losses - Periodic	$	1,079,906.81		$	1,018,391.98
Recoveries on Realized Losses - Cumulative	$	18,041,674.46		$	16,961,767.65
Net Losses - Periodic	$	1,166,616.84		$	984,451.45
Net Losses - Cumulative	$	101,185,738.77		$	100,019,121.93
Cumulative Gross Defaults	$	197,588,181.75		$	195,341,658.10
Change in Gross Defaults	$	2,246,523.65		$	2,002,843.43
Non-Cash Principal Activity - Capitalized Interest	$	303,715.42		$	420,002.94
Since Issued Constant Prepayment Rate (CPR)		1.28	%		1.39	%
Loan Substitutions	$	0.00		$	0.00
Cumulative Loan Substitutions	$	0.00		$	0.00
Unpaid Primary Servicing Fees	$	0.00		$	0.00
Unpaid Administration Fees	$	0.00		$	0.00
Unpaid Carryover Servicing Fees	$	0.00		$	0.00
Note Interest Shortfall	$	0.00		$	0.00
Unpaid Auction Rate Noteholder’s Interest Carryover	$	2,897,112.79		$	2,745,866.97


Page 5 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


IV. 2003-B Portfolio Statistics by Loan Program

	Weighted Average Coupon		# LOANS		$ AMOUNT		% *
- Undergraduate and Graduate Loans		3.95%		49,407	$	365,525,950.01		92.922%
- Career Training		0.00%		0.00	$	0.00		0.000%
- Law Loans		4.19%		3,801	$	15,932,127.04		4.050%
- Med Loans		3.38%		1,482	$	5,665,573.07		1.440%
- MBA Loans		3.75%		1,062	$	6,243,420.58		1.587%
- Direct to Consumer		0.00%		0.00	$	0.00		0.000%
- Private Credit Consolidation		0.00%		0.00	$	0.00		0.000%
- Other Loans		0.00%		0.00	$	0.00		0.000%

Total		3.95%		55,752	$	393,367,070.70		100.000%

Prime Indexed Loans — Monthly Reset Adjustable					$	0.00
Prime Indexed Loans — Monthly Reset Non-Adjustable					$	20,711.25
Prime Indexed Loans — Quarterly Reset Adjustable					$	0.00
Prime Indexed Loans — Quarterly Reset Non-Adjustable					$	373,905,495.65
Prime Indexed Loans — Annual Reset					$	0.00
T-Bill Indexed Loans					$	19,942,585.36
Fixed Rate Loans					$	219,306.37
Other Index					$	0.00

*Note: Percentages may not total 100% due to rounding


Page 6 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


V. 2003-B Future Distribution Account Activity

A.	Account Reconciliation

	i	Beginning Balance	03/16/2015	$	764,344.71

	ii	Total Allocations for Distribution Period		$	1,893,575.14

	iii	Total Payments for Distribution Period		$	(2,222,568.91	)

	iv	Funds Released to the Collection Account		$	(435,350.94	)


	v	Total Balance Prior to Current Month Allocations		$	0.00


	vi	Ending Balance	06/15/2015	$	994,680.92

B.	Monthly Allocations to the Future Distribution Account

	Monthly Allocation Date		03/16/2015

	i	Primary Servicing Fees		$	238,694.18

	ii	Administration Fees		$	6,666.67

	iii	Broker Dealer, Auction Agent Fees		$	28,794.16

	iv	Interest Accrued on the Class A Notes and Swap		$	490,189.70

	v	Interest Accrued on the Class B & C Notes		$	0.00


	vi	Total Allocations		$	764,344.71

	Monthly Allocation Date		04/15/2015

	i	Primary Servicing Fees		$	235,474.84

	ii	Administration Fees		$	6,666.67

	iii	Broker Dealer, Auction Agent Fees		$	19,710.83

	iv	Interest Accrued on the Class A Notes and Swap		$	612,580.96

	v	Interest Accrued on the Class B & C Notes		$	0.00


	vi	Total Allocations	04/15/2015	$	874,433.30

	Monthly Allocation Date		5/15/2015

	i	Primary Servicing Fees		$	232,429.32

	ii	Administration Fees		$	6,666.67

	iii	Broker Dealer, Auction Agent Fees		$	10,981.76

	iv	Interest Accrued on the Class A Notes and Swap		$	769,064.09

	v	Interest Accrued on the Class B & C Notes		$	0.00


	vi	Total Allocations	5/15/2015	$	1,019,141.84


C.	Total Future Distribution Account Deposits Previously Allocated			$	2,657,919.85


Page 7 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


V. 2003-B Future Distribution Account Activity (cont’d)

D.	Current Allocations to the Future Distribution Account

	Monthly Allocation Date		06/15/2015

	i	Primary Servicing Fees		$	229,464.12

	ii	Administration Fees		$	6,666.67

	iii	Broker Dealer, Auction Agent Fees		$	10,627.50

	iv	Interest Accrued on the Class A Notes and Swap		$	747,922.63

	v	Interest Accrued on the Class B & C Notes		$	0.00


	vi	Total Allocations	06/15/2015	$	994,680.92


Page 8 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


VI. 2003-B Auction Rate Security Detail

A Auction Rate Securities - Payments During Distribution Period
i	Payment Date	Security Description	Interest Rate			No Of Days	Start Date		End Date		Principal Payment		Interest Payment		Broker/Dealer Fees		Auction Agent Fees

	03/19/2015	SLMPC 2003-B A-4		1.60000	%	28		02/19/2015		03/19/2015		0.00		135,644.44		12,716.67		720.61

	04/13/2015	SLMPC 2003-B A-3		1.60000	%	28		03/16/2015		04/13/2015		0.00		135,644.44		12,716.67		720.61

	04/16/2015	SLMPC 2003-B A-4		3.09000	%	28		03/19/2015		04/16/2015		0.00		261,963.33		4,238.89		720.61

	05/11/2015	SLMPC 2003-B A-3		3.09000	%	28		04/13/2015		05/11/2015		0.00		261,963.33		4,238.89		720.61

	05/14/2015	SLMPC 2003-B A-4		3.09000	%	28		04/16/2015		05/14/2015		0.00		261,963.33		4,238.89		720.61

	06/08/2015	SLMPC 2003-B A-3		3.09000	%	28		05/11/2015		06/08/2015		0.00		261,963.33		4,238.89		720.61

	06/11/2015	SLMPC 2003-B A-4		3.09000	%	28		05/14/2015		06/11/2015		0.00		261,963.33		4,238.89		720.61

	* The record date for an auction rate security is two New York business days prior to the payment date.

ii	Auction Rate Note Interest Paid During Distribution Period							03/16/2015		06/15/2015			$	1,581,105.53

iii	Broker/Dealer Fees Paid During Distribution Period							03/16/2015		06/15/2015			$	46,627.79

iv	Auction Agent Fees Paid During Distribution Period							03/16/2015		06/15/2015			$	5,044.27

v	Primary Servicing Fees Remitted to the Servicer												$	589,791.32


vi	Total Payments Out of Future Distribution Account During Distribution Period												$	2,222,568.91

B	Funds Released to Collection Account												$	435,350.94

C	Auction Rate Student Loan Rates							Mar-15		Apr-15		May-15

								3.09%		3.09%		3.11%


Page 9 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


VII. 2003-B Note Parity Triggers
		Class A			Class B		Class C

Notes Outstanding	03/16/2015	$	348,439,903.70		$	371,359,936.09	$	428,905,912.70

Asset Balance	02/28/2015	$	409,929,298.47		$	409,929,298.47	$	409,929,298.47

Pool Balance	05/31/2015	$	394,088,098.63		$	394,088,098.63	$	394,088,098.63

Amounts on Deposit **	06/15/2015	$	15,575,085.76		$	15,518,852.35	$	15,246,748.44

Total		$	409,663,184.39		$	409,606,950.98	$	409,334,847.07
Are the Notes Parity Triggers in Effect? *			N			N		Y

Class A Enhancement		$	61,489,394.77

Specified Class A Enhancement		$	59,113,214.79	The greater of 15.0% of the Asset Balance or the Specified Overcollateralization Amount

Class B Enhancement		$	38,569,362.38

Specified Class B Enhancement		$	39,901,419.99	The greater of 10.125% of the Asset Balance or the Specified Overcollateralization Amount

Class C Enhancement		$	0.00

Specified Class C Enhancement		$	26,997,409.48	The greater of 3.0% of the Asset Balance or the Specified Overcollateralization Amount

* The note parity triggers are in effect if, for the applicable note trigger, the notes are in excess of either the (1) asset balance or (2) the pool plus the amounts on deposit. The note parity triggers will remain in effect until the applicable note enhancement is greater than or equal to the applicable specified note enhancement

** Amounts on Deposit in Trust Accounts for the Collection Period after Payment of Section XI Items B through F for the Class A; Items B through H for the Class B; and Items B through J for the Class C


Page 10 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015

VIII. 2003-B Cumulative Realized Losses Test

Cumulative Realized Losses Test

Distribution Dates

Percentage Allowable of Initial Pool Balance

9/15/2003

3/17/2008

15%

06/17/2008

3/15/2011

18%

06/15/2011

and thereafter

20%

Cumulative Net Realized Losses This Period

$101,185,738.77

Percent of Original Pool

8.11%

Is Trigger Activated?

The ‘‘Cumulative Realized Losses Test’’ is satisfied for any distribution date on which the cumulative principal amount of Charged-Off Loans, net of Recoveries, is equal to or less than the percentage of the initial Pool Balance set forth above for the specified period


Page 11 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


IX. 2003-B Account Reconciliations

A.	Reserve Account:

	Specified Reserve Account Balance	3,118,201.00

	Actual Reserve Account Balance	3,118,201.00

B.	Cash Capitalization Account:

	Beginning Cash Capitalization Account Balance	0.00

	Less: Releases for this period*	0.00

	Ending Cash Capitalization Account Balance (CI)	0.00

	* Funds will be withdrawn from the Cash Capitalization Account under the following conditions:

	i If the amount of Available Funds on the distribution date is insufficient to pay through item J in section XI of this report.

	ii AFTER 6/15/2004 amounts on deposit in the Cash Capitalization Account exceeding 5.50% of initial Asset Balance will be released if the overcollateralization amount at the end of the prior distribution period is greater than or equal to the overcollateralization amount that existed on the closing date, and at least 45% of the loan principal is in repayment status and no more than 30 days past due.

	AFTER 6/15/2005 amounts on deposit in the Cash Capitalization Account exceeding 3.50% of initial Asset Balance will be released if the overcollateralization amount at the end of the prior distribution period is greater than or equal to twice the overcollateralization amount that existed on the closing date, and at least 60% of the loan principal is in repayment status and no more than 30 days past due.

	iii Any amount remaining on deposit in the cash capitalization account on the 12/15/2006 distribution date will be released to the collection account


Page 12 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015

X. 2003-B Principal Distribution Calculations

Has the Stepdown Date Occurred?*

Priority Principal Payments:

Is the Class A Note Parity Trigger in Effect?

Aggregate A Notes Outstanding

03/16/2015

348,439,903.70

iii

Asset Balance

05/31/2015

394,088,098.63

First Priority Principal Distribution Amount

0.00

Is the Class B Note Parity Trigger in Effect?

Aggregate A and B Notes Outstanding

03/16/2015

371,359,936.09

vii

Asset Balance

05/31/2015

394,088,098.63

viii

First Priority Principal Distribution Amount

0.00

Second Priority Principal Distribution Amount

0.00

Is the Class C Note Parity Trigger in Effect?

Aggregate A, B and C Notes Outstanding

03/16/2015

428,905,912.70

xii

Asset Balance

05/31/2015

394,088,098.63

xiii

First Priority Principal Distribution Amount

0.00

xiv

Second Priority Principal Distribution Amount

0.00

Third Priority Principal Distribution Amount

61,815,223.55

Regular Principal Distribution:

Aggregate Notes Outstanding

03/16/2015

428,905,912.70

Asset Balance

05/31/2015

394,088,098.63

iii

Specified Overcollateralization Amount

26,997,409.48

First Priority Principal Distribution Amount

0.00

Second Priority Principal Distribution Amount

0.00

Third Priority Principal Distribution Amount

61,815,223.55

vii

Regular Principal Distribution Amount

0.00

* The Stepdown Date is the earlier of the distribution date following the reduction of the Class A Notes to zero and 06/16/2008. At the Stepdown Date, principal payments made on the Class B and Class C Notes may begin to be paid pro-rata with the Class A Notes. See the prospectus for complete information concerning the Stepdown Date.


Page 13 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015

X. 2003-B Principal Distribution Calculations (cont’d)

Class A Noteholder’s Principal Distribution Amounts:

Aggregate Class A Notes Outstanding

03/16/2015

348,439,903.70

Asset Balance

05/31/2015

394,088,098.63

iii

85% of Asset Balance

334,974,883.84

Specified Overcollateralization Amount

26,997,409.48

Lesser of (iii) and (ii - iv)

334,974,883.84

Class A Noteholders’ Principal Distribution Amt

13,465,019.86

vii

Actual Principal Distribution Amount

13,465,019.86

Class B Noteholder’s Principal Distribution Amounts:

Aggregate Class B Notes Outstanding

03/16/2015

22,920,032.39

Asset Balance

05/31/2015

394,088,098.63

iii

89.875% of Asset Balance

354,186,678.64

Specified Overcollateralization Amount

26,997,409.48

Lesser of (iii) and (ii - iv)

354,186,678.64

Class B Noteholders’ Principal Distribution Amt

3,708,237.59

vii

Actual Principal Distribution Amount

1,781,728.58

Class C Noteholder’s Principal Distribution Amounts:

Aggregate Class C Notes Outstanding

03/16/2015

57,545,976.61

Asset Balance

05/31/2015

394,088,098.63

iii

97% of Asset Balance

382,265,455.67

Specified Overcollateralization Amount

26,997,409.48

Lesser of (iii) and (ii - iv)

367,090,689.15

Class C Noteholders’ Principal Distribution Amt

44,641,966.10

vii

Actual Principal Distribution Amount

0.00


Page 14 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


XI. 2003-B Waterfall for Distributions

			Paid		Funds Balance

	A	Total Available Funds			$	16,713,154.20

	B	Primary Servicing Fees-Current Month plus any Unpaid	$	290,451.68	$	16,422,702.52

	C	Quarterly Administration Fee plus any Unpaid	$	20,000.00	$	16,402,702.52

	D	i. Auction Fees Due	$	0.00	$	16,402,702.52

		ii. Broker/Dealer Fees Due	$	0.00	$	16,402,702.52

	E	Gross Swap Payment due	$	606,504.46	$	15,796,198.06

	F	i. Class A Noteholders Interest Distribution Amount	$	221,112.30	$	15,575,085.76

		ii. Swap Termination Fees	$	-	$	15,575,085.76

	G	First Priority Principal Distribution Amount - Principal Distribution Account	$	0.00	$	15,575,085.76

	H	Class B Noteholders Interest Distribution Amount	$	56,233.41	$	15,518,852.35

	I	Second Priority Principal Distribution Amount - Principal Distribution Account	$	0.00	$	15,518,852.35

	J	Class C Noteholders Interest Distribution Amount	$	272,103.91	$	15,246,748.44

	K	Third Priority Principal Distribution Amount - Principal Distribution Account	$	15,246,748.44	$	0.00

	L	Increase to the Specified Reserve Account Balance	$	0.00	$	0.00

	M	Regular Principal Distribution Amount - Principal Distribution Account	$	0.00	$	0.00

	N	Carryover Servicing Fees	$	0.00	$	0.00

	O	Auction Rate Noteholder’s Interest Carryover	$	0.00	$	0.00

	P	Additional Swap Termination Payments	$	0.00	$	0.00

	Q	Additional Principal Distribution Amount	$	0.00	$	0.00

	R	Remaining Funds to the Excess Distribution Certificateholder	$	0.00	$	0.00


Page 15 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015


XII. 2003-B Principal Distribution Account Allocations


					Funds Balance
A.		Total from Collection Account	$	15,246,748.44	$	15,246,748.44

B.	i	Class A-1 Principal Distribution Amount Paid	$	0.00	$	15,246,748.44

	ii	Class A-2 Principal Distribution Amount Paid	$	13,465,019.86	$	1,781,728.58

	iii	Class A-3 Principal Distribution Amount Paid	$	0.00	$	1,781,728.58

	iv	Class A-4 Principal Distribution Amount Paid	$	0.00	$	1,781,728.58

C.		Class B Principal Distribution Amount Paid	$	1,781,728.58	$	0.00

D.		Class C Principal Distribution Amount Paid	$	0.00	$	0.00

E.		Remaining Class C Principal Distribution Amount Paid	$	0.00	$	0.00

F.		Remaining Class B Principal Distribution Amount Paid	$	0.00	$	0.00

G.	i	Remaining A-1 Principal Distribution Amount Paid	$	0.00	$	0.00

	ii	Remaining A-2 Principal Distribution Amount Paid	$	0.00	$	0.00

	iii	Remaining A-3 Principal Distribution Amount Paid	$	0.00	$	0.00

	iv	Remaining A-4 Principal Distribution Amount Paid	$	0.00	$	0.00



H.		Auction Rate Security Principal Distribution Reconciliation*

	i	Principal Due	$	0.00

	ii	Redeemable Shares		0

	iii	Aggregate Principal to be paid	$	0.00

	iv	Excess Carried Forward to Next Distribution	$	0.00

		* Auction Rate Security Principal is paid pro-rata in lots of $50,000


Page 16 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015

XIII. 2003-B Distributions



Distribution Amounts

	A2			B			C

Cusip/Isin		78443CAM6			78443CAQ7			78443CAR5
Beginning Balance	$	130,439,903.70		$	22,920,032.39		$	57,545,976.61
Index		LIBOR			LIBOR			LIBOR
Spread/Fixed Rate		0.40	%		0.70	%		1.60	%
Record Date (Days Prior to Distribution)		1 NEW YORK BUSINESS DAY			1 NEW YORK BUSINESS DAY			1 NEW YORK BUSINESS DAY
Accrual Period Begin		3/16/2015			3/16/2015			3/16/2015
Accrual Period End		6/15/2015			6/15/2015			6/15/2015
Daycount Fraction		0.25277778			0.25277778			0.25277778
Interest Rate*		0.67060	%		0.97060	%		1.87060	%
Accrued Interest Factor		0.001695128			0.002453461			0.004728461
Current Interest Due	$	221,112.30		$	56,233.41		$	272,103.91
Interest Shortfall from Prior Period Plus Accrued Interest	$	-		$	-		$	-
Total Interest Due	$	221,112.30		$	56,233.41		$	272,103.91
Interest Paid	$	221,112.30		$	56,233.41		$	272,103.91
Interest Shortfall	$	-		$	-		$	-
Principal Paid	$	13,465,019.86		$	1,781,728.58		$	-
Ending Principal Balance	$	116,974,883.84		$	21,138,303.81		$	57,545,976.61
Paydown Factor		0.030567166			0.040612901			0.000000000
Ending Balance Factor		0.265546630			0.481828630			0.947352440

* Pay rates for Current Distribution. For the interest rates applicable to the next distribution date please see https://www.navient.com/about/investors/data/abrate.txt.


Page 17 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015

XIII. 2003-B Distributions (cont)



Auction Rate Noteholder’s Interest Carryover	A3		A4

Date to be Paid		07/06/2015		07/09/2015
Interest Carryover Paid	$	-	$	-
Ending Interest Carryover Shortfall	$	1,487,273.82	$	1,409,838.97

Auction Rate Security Principal Distribution Reconciliation*

Principal Due + Prior Period Excess	$	-	$	-
Redeemable Shares		0		0
Aggregate Principal to be paid	$	-	$	-
Excess Carried Forward to Next Distribution	$	-	$	-

* Principal allocated to Auction Rate Securities not payable on the distribution date is paid to the Future Distribution Account for payment on the related Auction Rate Distribution Date.


Page 18 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015

XIV. 2003-B Interest Rate Swap Calculations



SLM Student Loan Trust Pays:

	MERRILL LYNCH DERIVATIVE PRODUCTS		CITIBANK, N.A.

i. Notional Swap Amount (USD)	$	194,051,652.52	$	194,051,652.52

ii. Pay Rate (PRIME)		0.62000%		0.62000%

iii. Gross Swap Interest Payment Due Counterparty (USD)	$	303,252.23	$	303,252.23

iv. Days in Period 03/15/2015-06/15/2015		92		92



Counterparty Pays:

	MERRILL LYNCH DERIVATIVE PRODUCTS		CITIBANK, N.A.

i. Notional Swap Amount (USD)	$	194,051,652.52	$	194,051,652.52

ii. Pay Rate (LIBOR)		0.27060%		0.27060%

iii. Gross Swap Interest Payment Due Counterparty (USD)	$	132,734.56	$	132,734.56

iv. Days in Period 03/16/2015-06/15/2015		91		91


Page 19 of 19		Trust 2003-B Quarterly Servicing Report: Collection Period 03/01/2015 - 05/31/2015, Distribution Date 06/15/2015

SLM Private Credit Student Loan Trust 2003-B 10-D