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UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549

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FORM 10-K

(Mark One)

|ý                                              | Annual report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934    
|---------------------------------------------- | ----------------------------------------------------------------------------------------
|For the fiscal year ended December 31, 2002 or
|o                                              | Transition report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

For the transition period from
 to

SLM FUNDING LLCformerly known as SALLIE MAE FUNDING CORPORATION and SLM FUNDING CORPORATION
(Exact name of registrant as specified in its charter)

Depositor
of

|the Sallie Mae Student Loan Trust 1995-1,
the Sallie Mae Student Loan Trust 1996-1,
the SLM Student Loan Trust 1996-2,
the SLM Student Loan Trust 1996-3,
the SLM Student Loan Trust 1996-4,
the SLM Student Loan Trust 1997-1,
the SLM Student Loan Trust 1997-2,
the SLM Student Loan Trust 1997-3,
the SLM Student Loan Trust 1997-4,
the SLM Student Loan Trust 1998-1,
the SLM Student Loan Trust 1998-2,
the SLM Student Loan Trust 1999-1,
the SLM Student Loan Trust 1999-2,
the SLM Student Loan Trust 1999-3,
the SLM Student Loan Trust 2000-1,
the SLM Student Loan Trust 2000-2, |  | the SLM Student Loan Trust 2000-3,
the SLM Student Loan Trust 2000-4,
the SLM Student Loan Trust 2001-1,
the SLM Student Loan Trust 2001-2,
the SLM Student Loan Trust 2001-3,
the SLM Student Loan Trust 2001-4,
the SLM Student Loan Trust 2002-1,
the SLM Student Loan Trust 2002-2,
the SLM Student Loan Trust 2002-3,
the SLM Student Loan Trust 2002-4,
the SLM Student Loan Trust 2002-5,
the SLM Student Loan Trust 2002-6,
the SLM Student Loan Trust 2002-7,
the SLM Student Loan Trust 2002-8,
the SLM Student Loan Trust 2003-1,
the SLM Student Loan Trust 2003-2, and
the SLM Student Loan Trust 2003-3.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|DELAWARE                                       |  | 33-95474/333-2502/333-24949/333-44465/333-30932/333-68660/333-97247 |  | 23-2815650                          
|---------------------------------------------- |  | ------------------------------------------------------------------- |  | ------------------------------------
|(State or other Jurisdiction of Incorporation) |  | (Commission File Numbers)                                           |  | (I.R.S. employer
Identification No.)

11600 SALLIE MAE DRIVE
RESTON, VA 20193(Address of principal executive offices)

(703) 810-7600Registrant's telephone number, including area code

Securities
registered pursuant to Section 12(b) of the Act: None

Securities
registered pursuant to Section 12(g) of the Act: None

Indicate
by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes ý No o

Documents
are incorporated by reference into this Form 10-K: None.

State
the aggregate market value of the voting stock held by non-affiliates of the Registrant: None.

This
Annual Report on Form 10-K is filed in reliance upon (i) certain no-action letters issued by the Office of Chief Counsel, Division of Corporate
Finance of the Securities and Exchange Commission stating that the Division will not object if periodic reports filed by the registrant pursuant to Sections 13 and 15(d) of the Securities and Exchange
Act of 1934 are filed in the manner set forth in such letters and the requests for such letters and (ii) the Registrant's filing letter accompanying the Registrant's Current Report on
Form 8-K filed with the Commission on or about November 6, 1995 in which the Registrant described the manner in which it intended to file such periodic reports.

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PART I.

Item 2. Properties.

SLM Funding LLC, the successor-in-interest to SLM Funding Corporation, is the depositor for 33 trusts, as of March 31, 2003. They are the Sallie Mae
Student Loan Trust 1995-1, the Sallie Mae Student Loan Trust 1996-1, the SLM Student Loan Trust 1996-2, the SLM Student Loan Trust 1996-3, the SLM
Student Loan Trust 1996-4, the SLM Student Loan Trust 1997-1, the SLM Student Loan Trust 1997-2, the SLM Student Loan Trust 1997-3, the SLM Student Loan
Trust 1997-4, the SLM Student Loan Trust 1998-1, the SLM Student Loan Trust 1998-2, the SLM Student Loan Trust 1991-1, the SLM Student Loan Trust
1999-2, the SLM Student Loan Trust 1999-3, the SLM Student Loan Trust 2000-1, the SLM Student Loan Trust 2000-2, the SLM Student Loan Trust
2000-3, the SLM Student Loan Trust 2000-4, the SLM Student Loan Trust 2001-1, the SLM Student Loan Trust 2001-2, the SLM Student Loan Trust
2001-3, the SLM Student Loan Trust 2001-4, the SLM Student Loan Trust 2002-1, the SLM Student Loan Trust 2002-2, the SLM Student Loan Trust 2002-3, the SLM Student Loan Trust
2002-4, the SLM Student Loan Trust 2002-5, the SLM Student Loan Trust 2002-6, the SLM Student Loan Trust 2002-7, the SLM Student Loan Trust 2002-8, the SLM Student Loan Trust 2003-1, the SLM Student
Loan Trust 2003-2 and the SLM Student Loan Trust 2003-3 (collectively, the "Trusts"). The property of the Trusts consists of pools of education loans to students and parents of students made under the
Federal Family Education Loan Program, all funds collected in respect thereof and monies on deposit in certain trust accounts together with rights to receive payments under certain swap transactions.

On
an annual basis, each trust is required to provide statements of compliance of its servicers and administrators. The Annual Statements of Compliance for the Sallie Mae Student Loan
Trust 1995-1 to and including the SLM Student Loan Trust 2002-8 are attached as Exhibit 19.1 hereto. These statements are required by



Item 3. Legal Proceedings.

The Registrant knows of no material pending legal proceedings involving the Registrant or its property.

Item 4. Submission of Matters to a Vote of Security Holders.

Nothing to report.

2

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PART II.

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.

At December 31, 2002, there was one (1) registered holder of the Trusts' Floating Rate Student Loan-Backed Certificates
("Certificates"), CEDE & Co., as nominee of The Depository Trust Company ("DTC). At December 31, 2002, there were nineteen (19) different persons registered on the books of DTC as
record owners of Certificates. The Registrant was a beneficial owner of some of the Certificates. There is no established trading market for the Certificates. The SLM Student Loan Trust 2000-4, the
SLM Student Loan Trust 2001-1, the SLM Student Loan Trust 2001-2, the SLM Student Loan Trust 2001-3, the SLM Student Loan Trust 2001-4, the SLM Student Loan Trust 2002-1, the SLM Student Loan Trust
2002-2, the SLM Student Loan Trust 2002-3, the SLM Student Loan Trust 2002-4, the SLM Student Loan Trust 2002-5, the SLM Student Loan Trust 2002-6, the SLM Student Loan Trust 2002-7 and the SLM
Student Loan Trust 2002-8 did not issue Certificates.

Item 7. Other Related Events and Information.

Nothing to report.

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

Nothing to report.

3

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PART III.

Item 12. Security Ownership of Certain Beneficial Owners and Management.

At December 31, 2002, the Certificates held by the Registrant were registered in the name of CEDE and Co., as nominee of DTC. The books of DTC indicate
that fifteen (15) different participant institutions are record owners of more than 5% of the Certificates.

SALLIE MAE STUDENT LOAN TRUST 1995-1
CUSIP 79545GAC5 $35,150,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                               |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | JPMorgan Chase Bank
c/o JP Morgan Investor Services
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254 |  | $                                         | 14,650,000.00 |                  | 41.86
|                                               |  | Morgan Stanley & Co. Incorporated
One Pierrepont Plaza
7th Floor
Brooklyn, NY 11201                                |  | $                                         | 10,000,000.00 |                  | 28.57
|                                               |  | PNC Bank, National Association
1600 Market Street
29th Floor
Philadelphia, PA 19103                                |  | $                                         | 4,500,000.00  |                  | 12.86
|                                               |  | State Street Bank & Trust Co.
1776 Heritage Drive
North Quincy, MA 02171                                           |  | $                                         | 4,000,000.00  |                  | 11.43

SALLIE MAE STUDENT LOAN TRUST 1996-1
CUSIP 79545GAF8 $52,500,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                               |  | Amount and
Nature of
Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | National City Bank
4100 West 150th Street
Cleveland, Ohio 44135                                                    |  | $                                         | 25,000,000.00 |                  | 47.62
|                                               |  | JPMorgan Chase Bank
c/o JP Morgan Investor Services
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254 |  | $                                         | 13,000,000.00 |                  | 24.76
|                                               |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211                                   |  | $                                         | 10,000,000.00 |                  | 19.05

4

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SLM STUDENT LOAN TRUST 1996-2
CUSIP 78442GAC0 $53,030,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                               |  | Amount and
Nature of
Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | JPMorgan Chase Bank
c/o JP Morgan Investor Services
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254 |  | $                                         | 25,499,000.00 |                  | 48.08
|                                               |  | Boston Safe Deposit & Trust Co.
525 William Penn Place
Suite 3631
Pittsburgh, PA 15259                             |  | $                                         | 19,800,000.00 |                  | 37.34
|                                               |  | Wells Fargo Bank Minnesota, N.A.
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717                         |  | $                                         | 6,200,000.00  |                  | 11.69

SLM STUDENT LOAN TRUST 1996-3
CUSIP 78442GAF3 $52,750,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                 |  | Amount and Nature of Beneficial Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ---------------------------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | National City Bank
4100 West 150th Street
Cleveland, Ohio 44135                                      |  | $                                         | 17,000,000.00 |                  | 32.23
|                                               |  | Boston Safe Deposit & Trust Co.
525 William Penn Place
Suite 3621
Pittsburgh, PA 15259               |  | $                                         | 11,000,000.00 |                  | 20.85
|                                               |  | Wells Fargo Bank Minnesota, N.A.
c/o ADP Proxy Services
Edgewood, NY 11717                           |  | $                                         | 8,000,000.00  |                  | 15.17
|                                               |  | Salomon Smith Barney Inc./Salomon Bros.
333 W 34th Street
3rd Floor
New York, NY 10001               |  | $                                         | 7,222,500.00  |                  | 13.69
|                                               |  | Merrill Lynch, Pierce, Fenner & Smith Incorporated
101 Hudson Street
9th Floor
Jersey City, NJ 07302 |  | $                                         | 4,000,000.00  |                  | 7.58 
|                                               |  | Morgan Stanley & Co. Incorporated
One Pierrepont Plaza
7th Floor
Brooklyn, NY 11201                  |  | $                                         | 3,000,000.00  |                  | 5.69 

5

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SLM STUDENT LOAN TRUST 1996-4
CUSIP 78442GAJ5 $52,700,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                   |  | Amount and
Nature of
Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | -------------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | The Bank of New York/JP Morgan
One Wall Street
New York, NY 10286                      |  | $                                         | 15,300,000.00 |                  | 29.03
|                                               |  | Salomon Smith Barney Inc.
3rd Floor
New York, NY 10001                                 |  | $                                         | 14,873,000.00 |                  | 28.22
|                                               |  | National City Bank
4100 West 150th St.
Cleveland, Ohio 44135                           |  | $                                         | 10,000,000.00 |                  | 18.98
|                                               |  | Boston Safe Deposit & Trust Co.
525 William Penn Place
Suite 3621
Pittsburgh, PA 15259 |  | $                                         | 8,000,000.00  |                  | 15.18
|                                               |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211       |  | $                                         | 3,000,000.00  |                  | 5.69 

SLM STUDENT LOAN TRUST 1997-1
CUSIP 78442GAM8 $71,800,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                               |  | Amount and
Nature of
Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | Boston Safe Deposit & Trust Co.
525 William Penn Place
Suite 3621
Pittsburgh, PA 15259                             |  | $                                         | 34,800,000.00 |                  | 48.47
|                                               |  | JPMorgan Chase Bank
c/o JP Morgan Investor Services
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254 |  | $                                         | 22,000,000.00 |                  | 30.64
|                                               |  | The Bank of New York/JP Morgan
1 Wall Street
New York, NY 10286                                                    |  | $                                         | 13,000,000.00 |                  | 18.11

6

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SLM STUDENT LOAN TRUST 1997-2
CUSIP 78442GAQ9 $87,450,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                               |  | Amount and
Nature of
Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211                                   |  | $                                         | 30,000,000.00 |                  | 34.31
|                                               |  | The Bank of New York/JP Morgan
1 Wall Street
New York, NY 10286                                                    |  | $                                         | 20,000,000.00 |                  | 22.87
|                                               |  | JPMorgan Chase Bank
c/o JP Morgan Investor Services
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254 |  | $                                         | 13,000,000.00 |                  | 14.87
|                                               |  | BNY Clearinghouse International Services Division
101 Barclays Street
New York, NY 10286                           |  | $                                         | 10,000,000.00 |                  | 11.44
|                                               |  | Boston Safe Deposit & Trust Co.
525 William Penn Place
Suite 3621
Pittsburgh, PA 15259                             |  | $                                         | 9,450,000.00  |                  | 10.81
|                                               |  | Wells Fargo Bank Minnesota, N.A.
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717                         |  | $                                         | 5,000,000.00  |                  | 5.72 

7

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SLM STUDENT LOAN TRUST 1997-3
CUSIP 78442GAT3 $90,150,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                    |  | Amount and
Nature of
Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | --------------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | The Bank of New York/JP Morgan
1 Wall Street
New York, NY 10286                         |  | $                                         | 48,650,000.00 |                  | 53.97
|                                               |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211        |  | $                                         | 12,200,000.00 |                  | 13.53
|                                               |  | BNY Clearinghouse International Services Division
101 Barclay Street
New York, NY 10286 |  | $                                         | 12,150,000.00 |                  | 13.48
|                                               |  | Boston Safe Deposit & Trust Co.
525 William Penn Place
Suite 3621
Pittsburgh, PA 15259  |  | $                                         | 12,150,000.00 |                  | 13.48
|                                               |  | State Street Bank & Trust Co.
1776 Heritage Drive
North Quincy, MA 02171                |  | $                                         | 5,000,000.00  |                  | 5.55 

SLM STUDENT LOAN TRUST 1997-4
CUSIP 78442GAW6 $89,900,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                            |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |    
|---------------------------------------------- |  | --------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | ---
|Floating Rate Student LoanBacked Certificates |  | The Bank of New York/JP Morgan
1 Wall Street
New York, NY 10286 |  | $                                         | 89,900,000.00 |                  | 100

8

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SLM STUDENT LOAN TRUST 1998-1
CUSIP 78442GAZ9 $106,550,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                          |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | --------------------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | The Bank of New York/JP Morgan
1 Wall Street
New York, NY 10286                               |  | $                                         | 81,550,000.00 |                  | 76.54
|                                               |  | Merrill Lynch, Pierce, Fenner & Smith, Inc.
101 Hudson Street
9th Floor
Jersey City, NJ 07303 |  | $                                         | 10,650,000.00 |                  | 10.00
|                                               |  | Wells Fargo Bank Minnesota, N.A.
c/o ADP Proxy Services
Edgewood, NY 11717                    |  | $                                         | 8,600,000.00  |                  | 8.07 

SLM STUDENT LOAN TRUST 1998-2
CUSIP 78442GBC9 $105,750,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                    |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | --------------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | The Bank of New York/JP Morgan
1 Wall Street
New York, NY 10286                         |  | $                                         | 90,750,000.00 |                  | 85.82
|                                               |  | BNY Clearinghouse International Services Division
101 Barclay Street
New York, NY 10286 |  | $                                         | 10,000,000.00 |                  | 9.46 

SLM STUDENT LOAN TRUST 1999-1
CUSIP 78442GBH8 $36,060,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                             |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |       
|---------------------------------------------- |  | -------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | ------
|Floating Rate Student LoanBacked Certificates |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211 |  | $                                         | 36,060,000.00 |                  | 100.00

9

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SLM STUDENT LOAN TRUST 1999-2
CUSIP 78442GBN5 $36,000,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                             |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |       
|---------------------------------------------- |  | -------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | ------
|Floating Rate Student LoanBacked Certificates |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211 |  | $                                         | 36,000,000.00 |                  | 100.00

SLM STUDENT LOAN TRUST 1999-3
CUSIP 78442GBR6 $72,300,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                               |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | The Bank of New York
One Wall Street
New York, NY 10286                                                            |  | $                                         | 42,300,000.00 |                  | 58.51
|                                               |  | JPMorgan Chase Bank
c/o JP Morgan Investor Services
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254 |  | $                                         | 30,000,000.00 |                  | 41.49

SLM STUDENT LOAN TRUST 2000-1
CUSIP 78442GBW5 $71,710,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                    |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | --------------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211        |  | $                                         | 40,000,000.00 |                  | 55.78
|                                               |  | JPMorgan Chase Bank
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254      |  | $                                         | 27,710,000.00 |                  | 38.64
|                                               |  | Bank One Trust Company, N.A.
340 South Cleveland Avenue
Building 350
Columbus, OH 43240 |  | $                                         | 10,000,000.00 |                  | 13.95

10

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SLM STUDENT LOAN TRUST 2000-2
CUSIP 78442GCB0 $72,290,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                                               |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211                                   |  | $                                         | 31,290,000.00 |                  | 43.28
|                                               |  | JPMorgan Chase Bank
c/o JP Morgan Investor Services
14201 Dallas Parkway
12th Floor
Mail Code 121
Dallas, TX 75254 |  | $                                         | 31,000,000.00 |                  | 42.68
|                                               |  | Bank One Trust Company, N.A.
340 South Cleveland Avenue
Building 350
Columbus, OH 43240                            |  | $                                         | 10,000,000.00 |                  | 13.83

SLM STUDENT LOAN TRUST 2000-3
CUSIP 78442GCF1 $89,750,000

|Title of Class                                 |  | Name and Address of
Beneficial Owner                                                    |  | Amount and Nature of Beneficial
Ownership |               | Percent of Class |      
|---------------------------------------------- |  | --------------------------------------------------------------------------------------- |  | ----------------------------------------- | ------------- | ---------------- | -----
|Floating Rate Student LoanBacked Certificates |  | Deutsche Bank Trust Company Americas
648 Grassmere Park Road
Nashville, TN 37211        |  | $                                         | 60,000,000.00 |                  | 66.85
|                                               |  | Bank One Trust Company, N.A.
340 South Cleveland Avenue
Building 350
Columbus, OH 43240 |  | $                                         | 15,000,000.00 |                  | 16.71
|                                               |  | Merrill Lynch, Pierce, Fenner & Smith
4 Corporate Place
Piscataway, NJ 08854            |  | $                                         | 14,750,000.00 |                  | 16.43

Item 13. Certain Relationships and Related Transactions.

Nothing to Report.

11

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PART IV.

Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K.

(a)Exhibits.The following documents are filed as part of this Annual Report on Form 10-K:

|Designation  | Description                                                          
|------------ | ---------------------------------------------------------------------
|Exhibit 19.1 | Annual Statements of Compliance of the Administrator and the Servicer
|Exhibit 19.2 | Annual Independent Certified Public Accountant's Report              

(b)Reports on Form 8-K.We filed thirteen (13) Current Reports on
Form 8-K with the Commission during the period covered by this report. They are:



12

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.

|Dated: March 31, 2003 |  | SLM FUNDING LLC
|--------------------- |  | ---------------
|                      |  | By:            

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in
the capacities indicated on the dates indicated.

|Signature                         |  | Title                                                             |  | Date          
|--------------------------------- |  | ----------------------------------------------------------------- |  | --------------
|                                  |  |                                                                   |  |               
|/s/JOHN F. REMONDIJohn F. Remondi |  | President (Principal Executive Officer) and Manager               |  | March 31, 2003
|/s/C.E. ANDREWSC. E. Andrews      |  | Chief Financial Officer (Principal Financial Officer) and Manager |  | March 31, 2003
|Domenic A. Borriello              |  | Independent Manager                                               |  | March 31, 2003
|/s/KIM E. LUTHANSKim E. Luthans   |  | Independent Manager                                               |  | March 31, 2003

13

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CERTIFICATION

I,
John F. Remondi, certify that:

1.    I
have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods
included in the year covered by this annual report, of SLM Funding LLC;

2.    Based
on my knowledge, the information in these reports, taken as a while, does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;

3.    Based
on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar,
agreement, for inclusion in these reports is included in these reports;

4.    Based
on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the trustee in accordance with the terms of the
pooling and servicing, or similar, agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under the servicing agreement; and

5.    The
reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an
independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedures, as set forth in the pooling and
servicing, or similar, agreement, that is included in these reports.

Date:
March 31, 2003

/s/
JOHN F. REMONDI
John F. Remondi
President
SLM Funding LLC

14

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CERTIFICATION

I,
C. E. Andrews, certify that:

1.    I
have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods
included in the year covered by this annual report, of SLM Funding LLC;

2.    Based
on my knowledge, the information in these reports, taken as a while, does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;

3.    Based
on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar,
agreement, for inclusion in these reports is included in these reports;

4.    Based
on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the trustee in accordance with the terms of the
pooling and servicing, or similar, agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under the servicing agreement; and

5.    The
reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an
independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedures, as set forth in the pooling and
servicing, or similar, agreement, that is included in these reports.

Date:
March 31, 2003

/s/
C.E. ANDREWS
C.E. Andrews
Chief Financial Officer
SLM Funding LLC

15

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INDEX TO EXHIBITS

|Exhibit Number |  | Exhibit                                                               |  | Sequentially Numbered Page
|-------------- |  | --------------------------------------------------------------------- |  | --------------------------
|19.1           |  | Annual Statements of Compliance of the Administrator and the Servicer |  | 17                        
|19.2           |  | Annual Independent Certified Public Accountant's Report               |  | 105                       

16

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