**UNITED STATESSECURITIES AND EXCHANGE COMMISSION****Washington, 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, 2004 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 EducationCredit Funding LLC, as the Depositor**(Exact name ofregistrant as specified in its charter)

 

**SLM Private Credit Student LoanTrust 2004-A****, as the Issuer**

 

| **DELAWARE**                                    | ** ** | **333-98169**             |   | **57-1176559**                             |
|-------------------------------------------------|------------|---------------------------|--------|--------------------------------------------|
| (State or other  Jurisdiction of Incorporation) |       | (Commission File  Number) |   | (I.R.S. employer  Identification No.) |

 

**12061 Bluemont Way, V3419RESTON, VA 20190**(Address ofprincipal executive offices)

**(703) 984-6419**Registrant’stelephone 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 (orfor such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past90 days. Yes ý No o

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

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

This Annual Report on Form 10-K is filed inreliance upon (i) certain no-action letters issued by the Office of ChiefCounsel, Division of Corporate Finance of the Securities and ExchangeCommission stating that the Division will not object if periodic reports filedby the Registrant pursuant to Sections 13 and 15(d) of the Securities andExchange Act of 1934 are filed in the manner set forth in such letters and therequests for such letters and (ii) the Registrant’s filing letteraccompanying the Registrant’s Current Report on Form 8-K filed with theCommission on or about November 6, 1995 in which the Registrant describedthe manner in which it intended to file such periodic reports.

 

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**PART I.**

**Item 2.****Properties.**

SLM Education Credit Funding LLC is the depositor for theSLM Private Credit Student Loan Trust 2004-A. The property of the Trustconsists of pools of private credit education loans to students and parents ofstudents, all funds collected in respect thereof and monies on deposit incertain trust accounts together with rights to receive payments under certainswap transactions.

On an annual basis, the SLM Private Credit StudentLoan Trust 2004-A is required to provide statements of compliance of itsservicers and administrators. The Annual Statements of Compliance for the SLMPrivate Credit Student Loan Trust 2004-A are attachedas Exhibit 19.1 hereto. These statements are required by:

•      TheAdministration Agreement, dated as of March 1, 2004, among SLM Education CreditFunding LLC, as the Depositor, SLM Private Credit Student Loan Trust 2004-A, asthe Trust, Sallie Mae, Inc., as the Servicer and the Administrator, JPMorganChase Bank, as the Indenture Trustee, and Chase Manhattan Bank USA, NationalAssociation, as the Eligible Lender Trustee; and

 

**•**                  the Servicing Agreement, dated as of March 25, 2004 among the Servicer, the Trust, theAdministrator, the Indenture Trustee and the Eligible Lender Trustee.

**Item 3.****LegalProceedings.**

Nothing to report.

**Item 4.****Submissionof Matters to a Vote of Security Holders.**

Nothing to report.

 

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**PART II.**

**Item 5.****Marketfor Registrant’s Common Equity and Related Stockholder Matters.**

Nothing to report.

**Item 7.****Other Related Eventsand Information.**

Nothing to report.

**Item 9.****Changesin and Disagreements with Accountants on Accounting and Financial Disclosure.**

**Item 9B.****OtherInformation.**

Nothing to report.

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**PART III.**

**Item 12. Security Ownership of Certain Beneficial Owners andManagement.**

Nothing to report.

** **

**Item 13. Certain Relationships and Related Transactions.**

Nothing to report.

 

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**PART IV.**

**Item 15.****Exhibits,Financial Statement Schedules and Reports on Form 8-K.**

(a)           *Exhibits.*    Thefollowing 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)           Reportson Form 8-K.    The Registrant, on behalf of the SLMPrivate Credit Student Loan Trust 2004-A, filed four (4) Current Reports onForm 8-K with the Commission during the period covered by this report.They are:

 
| • |   | On March 31, 2004, in connection with the March 25, 2004 closing of the SLM Private Credit Student Loan Trust  2004-A; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|
| • |   | On June 28, 2004, in  connection with the June 15, 2004 Quarterly Distribution Report;                                 |
| • |   | On September 28, 2004, in  connection with the September 15, 2004 Quarterly Distribution Report; and                   |
| • |   | On December 29, 2004, in  connection with the December 15, 2004 Quarterly Distribution Report.                         |

 

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**SIGNATURES**

Pursuant to the requirements of Section 13 or15(d) of the Securities Exchange Act of 1934, as amended, the SLM PrivateCredit Student Loan Trust 2004-A has duly caused this report to be signed, onits behalf by the undersigned hereunto duly authorized. 

 
| Dated: March 30, 2005 | SLM EDUCATION CREDIT FUNDING  LLC |
|-----------------------|-----------------------------------|
|                  |                              |   |
|                  |                              |   |
|                  |                              |   |
|                  | By:                               | /s/  JOHN  F. REMONDI |
|                  |                              | Name:  John F. Remondi |
|                  |                              | Title:    President |

 

Pursuant to the requirements of the SecuritiesExchange Act of 1934, this report has been signed below by the followingpersons on behalf of the Registrant and in the capacities indicated on thedates indicated. 

 
| **Signature**             | ** ** | **Title**                          | ** ** | **Date**       |
|---------------------------|------------|------------------------------------|------------|----------------|
|                      |       |                               |       |           |
| /s/ JOHN F. REMONDI       |       | President (Principal Executive     |       | March 30, 2005 |
| John F. Remondi           |       | Officer) and  Manager              |       |           |
|                      |       |                               |       |           |
| /s/ C.E. ANDREWS          |       | Chief Financial Officer (Principal |       | March 30, 2005 |
| C. E. Andrews             |       | Financial  Officer) and Manager    |       |           |
|                      |       |                               |       |           |
| /s/ THOMAS J. FITZPATRICK |       | Manager                            |       | March 30, 2005 |
| Thomas J. Fitzpatrick     |       |                               |       |           |
|                      |       |                               |       |           |
|                      |       | Independent Manager                |       |           |
| Victor A. Duva            |       |                               |       |           |
|                      |       |                               |       |           |
|                      |       | Independent Manager                |       |           |
| Kennith J. Uva            |       |                               |       |           |

 

 

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**CERTIFICATION**

I, JohnF. Remondi, certify that:

1.     I havereviewed this annual report on Form 10-K, and all reports on Form 8-Kcontaining distribution or servicing reports filed in respect of periodsincluded in the year covered by this annual report, of SLM Private CreditStudent Loan Trust 2004-A;

2.     Based onmy knowledge, the information in these reports, taken as a whole, does notcontain any untrue statement of a material fact or omit to state a materialfact necessary to make the statements made, in light of the circumstances underwhich such statements were made, not misleading as of the last day of theperiod covered by this annual report;

3.     Based onmy knowledge, the distribution or servicing information required to be providedto 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 onmy knowledge and upon the annual compliance statement included in the reportand required to be delivered to the trustee in accordance with the terms of thepooling and servicing, or similar, agreement, and except as disclosed in thereports, the servicer has fulfilled its obligations under the servicingagreement; and

5.     Thereports disclose all significant deficiencies relating to the servicer’scompliance with the minimum servicing standards based upon the report providedby an independent public accountant, after conducting a review in compliancewith the Uniform Single Attestation Program for Mortgage Bankers or similarprocedures, as set forth in the pooling and servicing, or similar, agreement,that is included in these reports.

Date:March 30, 2005

 

/s/ JOHN F. REMONDIJohn F. RemondiPresidentSLM Education Credit Funding LLC,

as the Depositor of the SLM Private Credit Student Loan Trust2004-A

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**CERTIFICATION**

I, C. E.Andrews, certify that:

1.     I havereviewed this annual report on Form 10-K, and all reports on Form 8-Kcontaining distribution or servicing reports filed in respect of periodsincluded in the year covered by this annual report, of SLM Private CreditStudent Loan Trust 2004-A;

2.     Based onmy knowledge, the information in these reports, taken as a whole, does notcontain any untrue statement of a material fact or omit to state a materialfact necessary to make the statements made, in light of the circumstances underwhich such statements were made, not misleading as of the last day of theperiod covered by this annual report;

3.     Based onmy knowledge, the distribution or servicing information required to be providedto 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 onmy knowledge and upon the annual compliance statement included in the reportand required to be delivered to the trustee in accordance with the terms of thepooling and servicing, or similar, agreement, and except as disclosed in thereports, the servicer has fulfilled its obligations under the servicingagreement; and

5.     Thereports disclose all significant deficiencies relating to the servicer’scompliance with the minimum servicing standards based upon the report providedby an independent public accountant, after conducting a review in compliancewith the Uniform Single Attestation Program for Mortgage Bankers or similarprocedures, as set forth in the pooling and servicing, or similar, agreement,that is included in these reports.

Date:March 30, 2005

 

/s/ C.E. ANDREWSC.E. AndrewsChief Financial OfficerSLM Education Credit Funding LLC,as the Depositor for SLM Private Credit Student Loan Trust 2004-A

 

 

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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 |       |                             |       |
| 19.2                 |       | Annual Independent  Certified Public Accountant’s Report          |       |                             |       |

 

 

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