SLM Private Credit Student Loan Trust 2007-A 8-K Purchase Agreement Master Securitization Terms Number 1000

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date earliest event reported): March 29, 2007

SLM Private Credit Student Loan Trust 2007-A

(Exact name of issuer as specified in its charter)

DELAWARE	333-132315 333-132315-15	57-1176559
(State or other jurisdiction	(Commission File Numbers)	(I.R.S. employer
of formation)		Identification No.)

c/o The Bank of New York (Delaware)
100 White Clay Center
Route 273
Newark, Delaware 19711
(Address of issuer’s principal executive offices)

Issuer’s telephone number including area code:(703) 984-6419

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below);

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Exhibit Index appears on page 5

ITEM 1.01 Entry into a Material Definitive Agreement.

     Closing of SLM Private Credit Student Loan Trust 2007-A.

     SLM Private Credit Student Loan Trust 2007-A (the “Trust”) was formed on January 2, 2007 pursuant to the Trust Agreement (the “Trust Agreement”), dated January 2, 2007, among SLM Funding LLC (“SLM Funding”), Chase Bank USA, National Association, not in its individual capacity but solely as trustee (the “Original Trustee”) and The Bank of New York (Delaware), not in its individual capacity but solely as the Delaware Trustee (the “Delaware Trustee”). The Trust Agreement was amended as of March 16, 2007 by the Agreement of Resignation, Appointment and Acceptance pursuant to which The Bank of New York Trust Company, N.A., a national banking association, not in its individual capacity but solely as trustee (the “Trustee”), succeeded the Original Trustee. The Trust Agreement was further amended and restated as of March 29, 2007 (the “Amended and Restated Trust Agreement”).

     On March 23, 2007, SLM Funding, SLM Education Credit Finance Corporation (“ECFC”), and SLM Corporation, on the one hand, and Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., and Morgan Stanley & Co. Incorporated on behalf of the Underwriters (the “Underwriters”), on the other, executed and delivered the Underwriting Agreement and the Pricing Agreement relating to the Student Loan-Backed Notes to be issued by the Trust.

     On March 29, 2007, SLM Funding, the Trustee and The Bank of New York, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), executed and delivered the Amended and Restated Trust Agreement dated as of March 29, 2007.

     In connection with the foregoing, the following agreements were executed and delivered by the respective parties thereto: (a) the Purchase Agreement, dated as of March 29, 2007, by and among SLM Funding, The Bank of New York Trust Company, N.A., not in its individual capacity but solely as interim trustee for SLM Funding (the “SLM Funding Interim Trustee”) and ECFC; (b) the Purchase Agreement, dated as of March 29, 2007, by and among VG Funding (“VG Funding”), The Bank of New York Trust Company, N.A., not in its individual capacity but solely as interim trustee for VG Funding (the “VG Funding Interim Trustee”), SLM Funding and the SLM Funding Interim Trustee; (c) the Interim Trust Agreement, dated as of March 29, 2007, by and between SLM Funding and the SLM Funding Interim Trustee; (d) the Interim Trust Agreement, dated as of March 29, 2007, by and between VG Funding and the VG Funding Interim Trustee; (e) the Indenture, dated as of March 29, 2007, by and among the Trust, the Trustee and the Indenture Trustee; (f) the Sale Agreement, dated as of March 29, 2007, by and among the Trust, the Trustee, SLM Funding and the SLM Funding Interim Trustee; (g) the Administration Agreement, dated as of March 29, 2007, by and among the Trust, Sallie Mae, Inc., in its capacity as administrator (the “Administrator”), the Trustee, Sallie Mae, Inc., in its capacity as the servicer (the “Servicer”), SLM Funding and the Indenture Trustee; (h) the Servicing Agreement, dated as of March 29, 2007, by and among the Servicer, the Administrator, the Trust, the Trustee and the Indenture Trustee and (i) the ISDA Master Agreement, the Schedule to the ISDA Master Agreement, the Credit Support Annex to the Schedule to the ISDA Master Agreement, the Disclosure Agreement, and the monthly reset Swap Confirmation, all between the Trust and Credit Suisse International, and all dated March 29, 2007.

     On March 29, 2007, the Trust issued $2,239,306,000 of its Student Loan-Backed Notes.

Item 2.01 Completion of Acquisition or Disposition of Assets.

     The Trust used the net proceeds of these notes to purchase approximately $2,234,270,052 of student loans.

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ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

1.1	Underwriting Agreement relating to the Student Loan-Backed Notes, dated March 23, 2007, by and among SLM Funding, ECFC, SLM Corporation and the Underwriters.
1.2	Pricing Agreement relating to the Student Loan-Backed Notes, dated March 23, 2007, by and among SLM Funding, ECFC, SLM Corporation and the Underwriters.
4.1	Amended and Restated Trust Agreement, dated as of March 29, 2007, by and among SLM Funding, the Trustee and the Indenture Trustee.
4.2	SLM Funding Interim Trust Agreement, dated as of March 29, 2007, by and between SLM Funding and the SLM Funding Interim Trustee.
4.3	VG Funding Interim Trust Agreement, dated as of March 29, 2007, by and between VG Funding, LLC and the VG Funding Interim Trustee.
4.4	Indenture, dated as of March 29, 2007, by and among the Trust, the Trustee and the Indenture Trustee.
5.1	Opinion of Emmet, Marvin & Martin, LLP dated March 29, 2007 with respect to due authorization, enforceability and legality of the Notes.
99.1	Purchase Agreement, dated as of March 29, 2007, by and among SLM Funding, the SLM Funding Interim Trustee and ECFC.
99.2	Purchase Agreement, dated as of March 29, 2007, by and among VG Funding, LLC, the VG Funding Interim Trustee, SLM Funding and the SLM Funding Interim Trustee.
99.3	Sale Agreement, dated as of March 29, 2007, by and among SLM Funding, the SLM Funding Interim Trustee, the Trustee and the Trust.
99.4	Administration Agreement, dated as of March 29, 2007, by and among the Trust, the Administrator, SLM Funding, the Trustee, the Servicer and the Indenture Trustee.
99.5	Servicing Agreement, dated as of March 29, 2007, by and among the Servicer, the Administrator, the Trust, the Trustee and the Indenture Trustee.
99.6	ISDA Master Agreement, Schedule to the ISDA Master Agreement, Credit Support Annex to the Schedule to the ISDA Master Agreement, Disclosure Agreement and monthly reset Swap Confirmation, all dated March 29, 2007, between the Trust and Credit Suisse International.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the issuing entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 2, 2007	SLM PRIVATE CREDIT STUDENT LOAN TRUST 2007-A
	By:	SLM FUNDING LLC
	By:	/s/ J. LANCE FRANKEName: J. Lance Franke
		Title: VICE PRESIDENT

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INDEX TO EXHIBITS

Exhibit No.	Description
1.1	Underwriting Agreement relating to the Student Loan-Backed Notes, dated March 23, 2007, by and among SLM Funding, ECFC, SLM Corporation and the Underwriters.
1.2	Pricing Agreement relating to the Student Loan-Backed Notes, dated March 23, 2007, by and among SLM Funding, ECFC, SLM Corporation and the Underwriters.
4.1	Amended and Restated Trust Agreement, dated as of March 29, 2007, by and among SLM Funding, the Trustee and the Indenture Trustee.
4.2	SLM Funding Interim Trust Agreement, dated as of March 29, 2007, by and between SLM Funding and the SLM Funding Interim Trustee.
4.3	VG Funding Interim Trust Agreement, dated as of March 29, 2007, by and between VG Funding, LLC and the VG Funding Interim Trustee.
4.4	Indenture, dated as of March 29, 2007, by and among the Trust, the Trustee and the Indenture Trustee.
5.1	Opinion of Emmet, Marvin & Martin, LLP dated March 29, 2007 with respect to due authorization, enforceability and legality of the Notes.
99.1	Purchase Agreement, dated as of March 29, 2007, by and among SLM Funding, the SLM Funding Interim Trustee and ECFC.
99.2	Purchase Agreement, dated as of March 29, 2007, by and among VG Funding, LLC, the VG Funding Interim Trustee, SLM Funding and the SLM Funding Interim Trustee.
99.3	Sale Agreement, dated as of March 29, 2007, by and among SLM Funding, the SLM Funding Interim Trustee, the Trustee and the Trust.
99.4	Administration Agreement, dated as of March 29, 2007, by and among the Trust, the Administrator, SLM Funding, the Trustee, the Servicer and the Indenture Trustee.
99.5	Servicing Agreement, dated as of March 29, 2007, by and among the Servicer, the Administrator, the Trust, the Trustee and the Indenture Trustee.
99.6	ISDA Master Agreement, Schedule to the ISDA Master Agreement, Credit Support Annex to the Schedule to the ISDA Master Agreement, Disclosure Agreement and monthly reset Swap Confirmation, all dated March 29, 2007, between the Trust and Credit Suisse International.

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