SLM Student Loan Trust 2006-7 affiliate to submit hold orders and buy bids for Class A-6B and A-6C notes

SLM Student Loan Trust 2006-7

Affiliate holds all $28.55M of Class A-6B Notes; will submit Hold Order at May 27 auction.
Affiliate holds $28.5M of $28.55M Class A-6C Notes; will bid for remaining at SOFR+1.50% at May 29 auction.
No changes to trust structure, note terms, or financial condition reported.

item 8.01 item 9.01

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