[Letterhead
        of KPMG LLP]
  
 Report
        of
        Independent Registered Public Accounting Firm
 
 The
        Board
        of Directors
 The
        Student Loan Corporation:
 
 We
        have
        examined management’s assertion, included in the accompanying Management Report
        on The Student Loan Corporation’s Compliance, as Administrator, with the
        Requirements of  the Administration Agreement, that The Student Loan
        Corporation complied with Sections 2, 3 and 7 of the Administration Agreement,
        dated as of December 15, 2005, between the SLC Student Loan Trust 2005-3,
        as
        Issuer, and The Student Loan Corporation, as Administrator, for the period
        December 15, 2005 through December 31, 2005. Management is responsible for
        The
        Student Loan Corporation’s compliance with those requirements. Our
        responsibility is to express an opinion on management’s assertion regarding The
        Student Loan Corporation’s compliance based on our examination.
  Our
        examination was conducted in accordance with the standards of the Public
        Company
        Accounting Oversight Board (United States) and, accordingly, included examining,
        on a test basis, evidence regarding The Student Loan Corporation’s compliance
        with those requirements 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 Student Loan Corporation’s compliance with specified
        requirements.
  We
        have
        been informed that, under The Student Loan Corporation’s interpretation
        regarding compliance with the Administration Agreement, Sections 2, 3 and
        7,
        dated as of December 15, 2005, between The Student Loan Corporation and SLC
        Student Loan Trust 2005-3, the criteria set forth in Appendix I is suitable
        for
        attesting to management’s assertion referred to above.
 
 In
        our
        opinion, management’s assertion that The Student Loan Corporation complied with
        the aforementioned requirements for the period December 15, 2005 through
        December 31, 2005 is fairly stated, in all material respects, based on the
        criteria set forth in Appendix I.
  This
        report is intended solely for the information and use of the Board of Directors
        and management of The Student Loan Corporation, SLC Student Loan Trust 2005-3,
        and Indenture Trustee, and is not intended to be, and should not be used
        by
        anyone other than these specified parties.
  
  /s/
        KPMG
        LLP
  New
        York,
        New York
 March
        31,
        2006
  
 
 
 
 Appendix
        I
  
 Attestation
        Procedures
 
 We
        have
        been informed that, under The Student Loan Corporation’s (SLC) interpretation
        regarding compliance with the Administration Agreement, Sections 2, 3 and
        7,
        dated as of December 15, 2005, between The Student Loan Corporation and SLC
        Student Loan Trust 2005-3, the criteria set forth below is suitable for
        attesting to management’s assertion referred to in our report:
 
 Obtain
        and read the Administration Agreement (the “Agreement”).
 
 Obtain
        written representation from management of The Student Loan Corporation, stating
        that The Student Loan Corporation complied with the administration requirements
        in Sections 2, 3 and 7 of the Administration Agreement during the period
        from
        December 15, 2005 through December 31, 2005.
 
 Obtain
        and read The Student Loan Corporation management’s Annual Administrator’s
        Certificate to SLC Student Loan Trust 2005-3 stating that The Student Loan
        Corporation performed, in all material respects, all of its obligations under
        the Agreement during the period from December 15, 2005 through December 31,
        2005, and no default in the performance of such obligations had occurred
        or was
        continuing.
 
 Obtain
        and read the Sub-Administration Certification stating that CMI, the
        Sub-Administrator, complied with the Sub-Administration Agreement dated December
        15, 2005, between The Student Loan Corporation, as Administrator, and CMI,
        the
        Sub-Administrator, for the period December 15, 2005 through December 31,
        2005.
 
 Obtain
        an
        understanding of the transmittal of ED Form 799 on a quarterly basis to the
        U.S.
        Department of Education by The Student Loan Corporation by performing the
        following procedure:
 
 ·
            For
                the ED Form 799, obtain and inspect the Lender Search Report provided
                by
                The Student Loan Corporation
              evidencing
                receipt of the ED Form 799 by the U.S. Department of Education for
                the
                fourth quarter of 2005. 
 Obtain
        an
        understanding of The Student Loan Corporation’s remittance procedures of monthly
        rebate fees to the U.S. Department of Education by performing the following
        procedure:
 
 ·
            Sample
                of one monthly rebate fee from the period December 15, 2005 through
                December 31, 2005, and obtain and
              inspect
                proof of remittance to the U.S. Department of Education for the respective
                month’s remittance. 
 Obtain
        an
        understanding of The Student Loan Corporation’s remittance procedures to the
        Indenture Trustee, including the processing of principal and interest payments
        by performing the following procedure:
 
 ·
            Judgmentally
                select a sample of two daily remittances from the period December
                15, 2005
                through December 31,
              2005,
                and obtain and inspect proof of remittance to the Indenture Trustee
                within
                two business days for each of
              the
                daily remittances selected. 
 Obtain
        an
        understanding of The Student Loan Corporation’s procedures with respect to the
        Collection Account, Reserve Account and Capitalized Interest Account by
        performing the following procedure:
 
 ·
            For
                the Collection Account, Reserve Account and Capitalized Interest
                Account,
                select a sample of two dates in
              2005,
                and obtain and inspect proof of proper deposits and withdrawals related
                to
                transactions posted on those
              specified
                dates.


**Management
        Report on The Student Loan Corporation’s Compliance, as Administrator,**
 **with
        the Requirements of the Administration Agreement**
 
 
 Management
        of The Student Loan Corporation, as Administrator, is responsible for compliance
        with the Administration Agreement, Sections 2, 3 and 7 dated as of December
        15, 2005, between the SLC Student Loan Trust 2005-3, as Issuer, and The Student
        Loan Corporation, as Administrator, for the period December 15, 2005
        through December 31, 2005.
  Management
        has performed an evaluation of The Student Loan Corporation’s compliance with
        the Administration Agreement, Sections 2, 3 and 7, for the period December
        15, 2005 through December 31, 2005. Based upon this evaluation, management
        believes that, for the period December 15, 2005 through December 31, 2005,
        The Student Loan Corporation, as Administrator, was in compliance with the
        Administration Agreement, Sections 2, 3 and 7.
  
  
  
  /s/
        Daniel P. McHugh      March
        31, 2006
 Daniel
        P.
        McHugh        Date
 Chief
        Financial Officer
 The
        Student Loan Corporation, as Administrator