Exhibit 19.2

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1995-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae,
Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1995-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our
responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1995-1. We are also responsible for
establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1995-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1995-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1995-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM
Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-1, for the year ended December 31, 2003. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-1. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1996-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-2, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-2. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1996-2, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-3

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-3, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-3. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-3

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1996-3, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-3. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-4

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-4, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence
supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-4. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1996-4

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1996-4, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-4. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-1, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-1. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1997-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-2, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-2. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1997-2, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2004.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yous,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-3

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-3, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence
supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-3. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-3

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1997-3, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-3. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-4

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-4, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-4. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1997-4

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1997-4, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-4. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1998-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-1, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-1. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1998-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1998-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1998-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-2, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence
supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-2. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1998-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1998-2, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1999-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-1, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-1. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1999-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1999-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1999-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-2, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-2. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1999-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1999-2, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1999-3

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-3, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-3. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 1999-3

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 1999-3, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-3. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-1, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-1. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2000-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-2, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-2. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2000-2, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-3

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-3, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence
supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-3. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-3

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2000-3, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-3. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-4

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-4, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-4. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2000-4

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2000-4, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-4. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-1, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-1. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2001-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-2, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence
supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
yours truly,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-2. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2001-2, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-3

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-3, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
yours truly,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-3. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-3

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2001-3, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-3. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-4

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc. as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-4, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-4. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2001-4

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2001-4, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-4. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-1, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-1. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2002-1, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-2, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence
supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-2. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2002-2, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-3

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-3, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
yours truly,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-3. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-3

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2002-3, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-3. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-4

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company") complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally known as Bankers Trust Company), Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-4, for the year
ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
yours truly,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), Sallie Mae, Inc., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the
"Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-4. We are also responsible for establishing and maintaining effective internal control over compliance with the terms and
conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all
material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Deutsche
Bank Trust Company Americas
60 Wall Street, 26th Floor
MS NYC 60-2606
New York, NY 10005

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-4

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association,
Deutsche Bank Trust Company Americas (formally know as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator, ("the Agreement") pursuant to the Sallie Mae Student Loan
Trust 2002-4, for the year ended December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on
our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting managements assertaion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement the Company complied, in all
material respects, with the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Deutsche Bank Trust Company Americas
and is not intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Deutsche Bank Trust Company Americans (formally known as Bankers Trust Company), and the Student Loan Marketing Association, as Administrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-4. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective
internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-5

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-5, for the year ended December 31,
2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
yours truly,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-5. We are also responsible for
establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-5

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association, Bank
of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-5, for the year ended December 31,
2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the year ended
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-5. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-6

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-6, for the year ended December 31,
2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-6. We are also responsible for
establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-6

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association, Bank
of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-6, for the year ended December 31,
2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the year ended
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-6. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-7

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-7, for the year ended December 31,
2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-7. We are also responsible for
establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-7

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association, Bank
of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-7, for the period ended December 31,
2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the year ended
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-7. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-8

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-8, for the year ended December 31,
2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the year ended December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-8. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2002-8

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material
respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-8, for the year ended
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the year ended
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-8. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the year ended December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-1

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-1, for the period January 31, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period January 31, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-1. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period January 31, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-1

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material
respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-1, for the period
January 31, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
January 31, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-1. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period January 31, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-2

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-2, for the period March 4, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period March 4, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-2. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period March 4, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-2

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material
respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-2, for the period
March 4, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
March 4, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-2. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period March 4, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-3

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-3, for the period March 26, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period March 26, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-3. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period March 26, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-3

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase
Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-3, for the period March 26, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the
assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
March 26, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc. as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student
Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-3. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period March 26, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-4

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-4, for the period April 16, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period April 16, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-4. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period April 16, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-4

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material
respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-4, for the period
April 16, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
April 16, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-4. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period April 16, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-5

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-5, for the period May 20, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period May 20, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-5. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period May 20, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-5

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material
respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-5, for the period
May 20, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period May 20,
2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-5. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period May 20, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-6

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-6, for the period June 5, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period June 5, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-6. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period June 5, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-6

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase
Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-6, for the period June 5, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the
assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period June 5,
2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student
Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-6. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period June 5, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-7

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-7, for the period July 22, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period July 22, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-7. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period July 22, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-7

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material
respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-7, for the period
July 22, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
July 22, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-7. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period July 22, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-8

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-8, for the period August 7, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period August 7, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-8. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period August 7, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-8

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material
respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-8, for the period
August 7, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
August 7, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-8. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period August 7, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-9

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-9, for the period August 28, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period August 28, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM
Funding LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-9. We are also
responsible for establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period August 28, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-9

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase
Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-9, for the period August 28, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the
assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
August 28, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation
(the "Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student
Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-9. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period August 28, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10, 2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-11

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-11, for the period October 30, 2003 to
December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period October 30, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-11. We are also responsible for
establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period October 30, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-11

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association, Bank
of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-11, for the period October 30, 2003
to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
October 30, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-11. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period October 30, 2003 to December 31,
2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-12

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-12, for the period November 25, 2003
to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period November 25, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-12. We are also responsible for
establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period November 25, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-12

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase Manhattan Bank USA, National Association, Bank
of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-12, for the period November 25, 2003
to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
November 25, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-12. We are also responsible for reviewing and ensuring implementation of, and ongoing compliance with, effective internal control over compliance with the terms and conditions of the
Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period November 25, 2003 to
December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

March 10,
2004

Student
Loan Marketing Association
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-14

We have examined management's assertion included in the accompanying report titledReport of Management on Compliance by
Administrator, that the Student Loan Marketing Association (the "Company) complied, in all material respects, with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4,
2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC, as the
successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-14, for the period December 11, 2003
to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

In
our opinion, management's assertion referred to above is fairly stated, in all material respects, based on the aforementioned requirements for the period December 11, 2003 to
December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bankers Trust Company and is not
intended to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Administrator

I acknowledge that as a member of management of the Student Loan Marketing Association (the "Company"), we are responsible for ensuring compliance with the terms
and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and 3.2.D of the Administration Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-14. We are also responsible for
establishing and maintaining effective internal control over compliance with the terms and conditions of the Agreement.

We
have performed an evaluation of the Company's compliance with the conditions of the Sections in the Agreement indicated above. Based on the evaluation, we assert that the Company
complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period December 11, 2003 to December 31, 2003.

March 10,
2004

/s/
J. LANCE FRANKE
J. Lance Franke
Authorized Agent
Sallie Mae, Inc.

/s/
GREGORY A. SWARTZ
Gregory A. Swartz
Authorized Agent
Sallie Mae, Inc.

---

March 10,
2004

Sallie
Mae, Inc.
11600 Sallie Mae Drive
Reston, VA 20193



Chase
Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713



Bank
of New York
2 North LaSalle St., Suite 1020
Chicago, IL 60602

Report of Independent Accountants

Sallie Mae Student Loan Trust 2003-14

We have examined management's assertion, included in the accompanying report titledReport of Management on Compliance by
Servicer, that Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of Sections 2.2, 2.3, 3.1A, 3.2, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the Company, Chase
Manhattan Bank USA, National Association, Bank of New York, and the Student Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2003-14, for the period December 11, 2003 to December 31, 2003. The Company's management is responsible for the assertion. Our responsibility is to express an opinion on the
assertion based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements.

In
our opinion, management's assertion referred to above is fairly stated, based on the aforementioned terms and conditions of the sections of the Agreement for the period
December 11, 2003 to December 31, 2003.

This
report is intended solely for the information and use of management, the board of directors, Chase Manhattan Bank USA, National Association and Bank of New York and is not intended
to be and should not be used by anyone other than these specified parties.

Very
truly yours,

/s/
PRICEWATERHOUSECOOPERS LLP

---

Report of Management on Compliance by Servicer

We acknowledge that as members of management of Sallie Mae, Inc., as the successor-in-interest to Sallie Mae Servicing Corporation (the
"Company"), we are responsible for ensuring compliance with the terms and conditions of Sections 2.2,.2.3, 3.1, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the Servicing Agreement among the
Company, Chase Manhattan Bank USA, National Association, Bank of New York, and the Student
Loan Marketing Association, as Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2003-14. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the terms and conditions of the Agreement.

On
an ongoing basis we evaluate the Company's compliance with the terms and conditions of the Sections in Agreement indicated above. Based on this management oversight and evaluation, we
assert that the Company complied, in all material respects, with the terms and conditions of the Sections in the Agreement indicated above for the period December 11, 2003 to
December 31, 2003.

March 10,
2004

/s/
JOHN F. REMONDI
John F. Remondi
Executive Vice President, Finance

---

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