SLM student loan trust 2005-3


 
$116,000,000 Class A-1 Student Loan-Backed Notes
$192,000,000 Class A-2 Student Loan-Backed Notes
$155,000,000 Class A-3 Student Loan-Backed Notes
$228,000,000 Class A-4 Student Loan-Backed Notes
$329,000,000 Class A-5 Student Loan-Backed Notes
$466,424,000 Class A-6 Student Loan-Backed Notes
$45,972,000 Class B Student Loan-Backed Notes

Quarterly Distribution Report
Quarterly Distribution Factors
Current Rates
Prospectus
Historical Reports

Date of Issue:   April 13, 2005

Issue Amount:   $1,532,396,000

Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR - .03%
CUSIP:  78442GNX0

Class A-2 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .00%
CUSIP:  78442GNY8

Class A-3 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .03%
CUSIP:  78442GNZ5

Class A-4 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .07%
CUSIP:  78442GPA8

Class A-5 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .09%
CUSIP:  78442GPB6

Class A-6 Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .15%
CUSIP:  78442GPC4

Class B Floating Rate Asset-Backed Notes
Rate:  Three Month LIBOR + .15%
CUSIP:  78442GPD2

Servicer:
Sallie Mae, Inc.

Eligible Lender Trustee:
The Bank of New York Trust Company, N.A.

Indenture Trustee:
Deutsche Bank Trust Company Americas

Administrator:
Sallie Mae, Inc.

Luxembourg Paying Agent:
Deutsche Bank Luxembourg SA

Underwriters:
Banc of America Securities LLC
Goldman, Sachs & Co.
ABN AMRO Incorporated
RBS Greenwich Capital
Wachovia Securities


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