**Exhibit 19.1**

** **

**SLM Student Loan Trust 2003-5**

**Officer’s Certificate of the Servicer**

**Annual Statement of Compliance**

**As of December 31, 2004**

 
| **TO:**   | **Indenture  Trustee**                    | **Eligible  Lender Trustee**                         |
|-----------|-------------------------------------------|------------------------------------------------------|
|      | The Bank of New  York                     | Chase Manhattan  Bank USA, National Association      |
|      | 101 Barclay  Street 8 West                | Christiana  Center/OPS4, 500 Stanton Christiana Road |
|      | New York, New  York 10286                 | Newark, Delaware  19713                              |
|      | Attn: Corporate  Trust-Structured Finance | Attn: Corporate  Trust Department                    |
|      |                                      |                                                 |
| **Copy:** | The Bank of New  York                     | JP Morgan Chase  Bank                                |
|      | 2 North LaSalle  Street Suite 1020        | 450 West 33rd  Street 15th Floor                     |
|      | Chicago,  Illinois 60602                  | New York, New  York 10001                            |
|      | Attn: Corporate  Trust-Structured Finance | Attn: Structured  Finance Services                   |

 

 

Pursuant to Section 3.2of the Administration Agreement (the “Agreement”), we hereby certify that (i) areview of the activities and performance of the Servicer from January 1,2004 through December 31, 2004 under this Agreement and under theServicing Agreement dated as of May 20th, 2003 has been made under oursupervision, and (ii) to the best of our knowledge, the Servicer has fulfilledits obligations in all material respects under the Agreement and under theServicing Agreement throughout such period.

 

 

SALLIE MAE Inc., asServicer

12061 Bluemont Way

Reston, Virginia 20190

 

 
| /s/ Robert A. Crawford                                    |   |
|-----------------------------------------------------------|--------|
| Robert A. Crawford,  Senior Vice President and Controller |

 

 
| /s/ C. E. Andrews                                                        |   |
|--------------------------------------------------------------------------|--------|
| C. E. Andrews,  Executive Vice President, Accounting and Risk Management |

 

----

 

12061 Bluemont Way

Reston, VA 20190

 

Maricela Marquez

The Bank of New York

2 North LaSalle St

Suite 1020

Chicago, IL 60602

 

John Cashin

Chase Manhattan Bank USA, NA

500 Stanton Christiana Rd, 3rd Floor/OPS4

Newark, DE 19713

 
| SLM TRUST 2002-5 | SLM TRUST 2003-5 | SLM TRUST 2003-14 |
|------------------|------------------|-------------------|
| SLM TRUST 2002-6 | SLM TRUST 2003-6 | SLM TRUST 2004-1  |
| SLM TRUST 2002-7 | SLM TRUST 2003-7 | SLM TRUST 2004-2  |
| SLM TRUST 2002-8 | SLM TRUST 2003-8 | SLM TRUST 2004-3  |
| SLM TRUST 2003-1 | SLM TRUST 2003-9 |              |
| SLM TRUST 2003-2 | SLM TRUST 2004-1 |              |
| SLM TRUST 2003-3 | SLM TRUST 2004-2 |              |
| SLM TRUST 2003-4 | SLM TRUST 2004-3 |              |

 

Pursuant to Section 3.2of the Administration Agreement (the “Agreement”), we, the undersigned, herebycertify that (i) a review of the activities and performance of the Administratorfrom January 1, 2004 through December 31, 2004 has been made under oursupervision and (ii) to the best of our knowledge, based on such review, the Administratorhas fulfilled its obligations in all material respects under the Agreementthroughout such period.

 

 
| /s/ Gregory A. Swartz                  |                                 | /s/ J. Lance Franke |   |
|----------------------------------------|--------------------------------------|---------------------|--------|
| Gregory A. Swartz,  Managing Director, | J. Lance Franke, Sr.  Vice President |
| Corporate Finance  Operations          | Corporate Finance                    |
| Sallie Mae, Inc.                       | Sallie Mae, Inc.                     |

 
| cc:    | Chase Manhattan Bank  USA, N.A. |
|--------|---------------------------------|
|   | Eligible Lender Trustee         |

 

----