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 June 15, 2005, between the SLC Student Loan Trust 2005-1, as
        Issuer,
        and Wachovia Bank, National Association, as Indenture Trustee, and with the
        Servicing Agreement, Sections 2 and 3, dated as of June 15, 2005, between
        The
        Student Loan Corporation, as Servicer, and SLC Student Loan Trust 2005-1,
        as
        Issuer, for the period June 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 June 15, 2005, between the SLC Student Loan Trust 2005-1 and
        Wachovia Bank, National Association, and with the Servicing Agreement, Sections
        2 and 3, dated as of June 15, 2005, between The Student Loan Corporation
        and SLC
        Student Loan Trust 2005-1, 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 June 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 2005-1,
        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 June 15, 2005, between the SLC Student Loan Trust 2005-1 and
      Wachovia Bank, National Association, and with the Servicing Agreement, Sections
      2 and 3, dated as of June 15, 2005, between The Student Loan Corporation and
      SLC
      Student Loan Trust 2005-1, 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 June 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
        June 15, 2005, between The Student Loan Corporation, as Servicer, and Citibank
        USA, National Association, the Sub-servicer, for the period June 15, 2005
        through December 31, 2005.
 
 Obtain
        and read The Student Loan Corporation management’s Annual Servicer’s Certificate
        to SLC Student Loan Trust 2005-1, stating that The Student Loan Corporation
        performed, in all material respects, all of its obligations under the Agreements
        during the period from June 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 2005-1 (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
                recalculated amounts 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 second, third, and fourth quarters
                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:
 
 ·
            Judgmentally
                select a sample of two monthly rebate fees from the period June 15,
                2005
                through December 31, 2005, and obtain and inspect proof of remittance
                to
                the U.S. Department of Education for each of the respective month’s
                remittances. 
 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 fifteen daily remittances from the period June
                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 June 15, 2005,
      between the SLC Student Loan Trust 2005-1, as Issuer, and Wachovia Bank,
      National Association, as Indenture Trustee, and with the Servicing Agreement,
      Sections 2 and 3, dated as of June 15, 2005, between The Student Loan
      Corporation, as Servicer, and SLC Student Loan Trust 2005-1, as Issuer, for
      the
      period June 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 June 15, 2005
      through December 31, 2005. Based upon this evaluation, management believes
      that, for the period June 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