SLM student loan trust 2005-1


 
$1,106,000,000 Class A-1 Student Loan-Backed Notes
$388,382,000 Class A-2 Student Loan-Backed Notes
$46,218,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue:   January 27, 2005

Issue Amount:   $1,540,600,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .01%
CUSIP:  78442GNN2

Class A-2 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .08%
CUSIP:  78442GNP7

Class B Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .20%
CUSIP:  78442GNQ5

Servicer:
Sallie Mae, Inc.

Eligible Lender Trustee:
The Bank of New York Trust Company, N.A.

Indenture Trustee:
Deutsche Bank Trust Company Americas

Administrator:
Sallie Mae, Inc.

Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA

Underwriters:
Morgan Stanley
Credit Suisse First Boston
Deutsche Bank Securities
Lehman Brothers


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