Exhibit
      99.2


[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 Servicer, with the Requirements
        of the Indenture of Trust and the Servicing Agreement, that The Student Loan
        Corporation complied with Article XI, Section 11.1 of the Indenture of Trust,
        dated as of December 15, 2005, between the SLC Student Loan Trust 2005-3,
        as
        Issuer, and Wachovia Bank, National Association, as Indenture Trustee, and
        with
        the Servicing Agreement, Sections 2 and 3, dated as of December 15, 2005,
        between The Student Loan Corporation, as Servicer, and SLC Student Loan Trust
        2005-3, as Issuer, 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 Article XI, Section 11.1 of the Indenture of Trust,
        dated as of December 15, 2005, between the SLC Student Loan Trust 2005-3
        and
        Wachovia Bank, National Association, and with the Servicing Agreement, Sections
        2 and 3, 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 Article XI, Section 11.1 of the Indenture of Trust,
        dated as of December 15, 2005, between the SLC Student Loan Trust 2005-3
        and
        Wachovia Bank, National Association, and with the Servicing Agreement, Sections
        2 and 3, 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 Indenture of Trust and Servicing Agreements (the “Agreements”).
 
 Obtain
        written representation from management of The Student Loan Corporation stating
        that The Student Loan Corporation complied with Article XI, Section 11.1
        of the
        Indenture of Trust, and with the servicing requirements in Sections 2 and
        3 of
        the Servicing Agreement during the period from December 15, 2005 through
        December 31, 2005.
 
 Obtain
        and read the Sub-Servicer Certification stating that Citibank USA, National
        Association, the Subservicer, complied with the Sub-servicing Agreement,
        dated
        December 15, 2005, between The Student Loan Corporation, as Servicer, and
        Citibank USA, National Association, the Sub-servicer, for the period December
        15, 2005 through December 31, 2005.
 
 Obtain
        and read The Student Loan Corporation management’s Annual Servicer’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 Agreements
        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
        an
        understanding of Citibank USA, National Association’s subservicer duties related
        to performing due diligence with respect to borrower delinquencies by performing
        the following procedures:
 
 ·
            Obtain
                electronically, a loan data file from SLC, for which The Student
                Loan
                Corporation represented that such
              loan
                data file represents education loans held in the SLC Student Loan
                Trust
                2005-3 (collectively the“Trust
              student
                loans”) as of December 31, 2005. Select a sample of one Trust student loan
                from each delinquency status
              (e.g.
                identified on the loan data file as DO, D1, D2, D3, D4, D5, D6, D7,
                D8 and
                D9) and five Trust student loans identified on the loan data file
                (“the
                loan data file”) as in “claim” status, and obtain evidence that the
                appropriate
              due
                diligence procedures are performed. 
 Obtain
        an
        understanding of Citibank USA, National Association’s subservicer duties related
        to the collection of Trust student loan payments by performing the following
        procedures:
 
 ·
            Judgmentally
                select a sample of five Trust student loans from the loan data file,
                and
                obtain copies of payment
              coupons,
                check copy, if applicable, the borrower’s payment history summary and
                payment history detail from
              SLC’s
                Diploma Loan Servicing System. Utilizing the aforementioned documentation,
                recalculate the allocation of
              monthly
                collections with respect to the Trust student loans between principal,
                interest and fees. Compare the
              recalculatedamounts
                to the collections of principal, interest and fees per the Trust
                student
                loan’s payment history
              summary
                and payment history detail from SLC’s Diploma Loan Servicing
                System. 
 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:
 
 ·
            Select
                a 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 Eligible Lender 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 Eligible
                Lender Trustee within two business days for each
              of
                the respective daily remittances.










**Management
      Report on The Student Loan Corporation’s Compliance, as Servicer, with the
      Requirements of the Indenture of Trust and the Servicing
      Agreement**








Management
      of The Student Loan Corporation, as Servicer, is responsible for compliance
      with
      Article XI, Section 11.1 of the Indenture of Trust, dated as of December 15,
      2005, between the SLC Student Loan Trust 2005-3, as Issuer, and Wachovia Bank,
      National Association, as Indenture Trustee, and with the Servicing Agreement,
      Sections 2 and 3, dated as of December 15, 2005, between The Student Loan
      Corporation, as Servicer, and SLC Student Loan Trust 2005-3, as Issuer, for
      the
      period December 15, 2005 through December 31, 2005.





Management
      has performed an evaluation of The Student Loan Corporation’s compliance with
      Article XI, Section 11.1 of the Indenture of Trust and with the Servicing
      Agreement, Sections 2 and 3, 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 Servicer, was in compliance with Article XI,
      Section 11.1 of the Indenture of Trust and with the Servicing Agreement,
      Sections 2 and 3.











/s/
      Daniel P. McHugh      March
      31, 2006


Daniel
      P.
      McHugh        Date


Chief
      Financial Officer


The
      Student Loan Corporation, as Servicer