<Page>
EXHIBIT 19.2
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1995-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1995-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1995-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1996-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1996-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1996-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1996-3
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1996-3, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1996-3. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1996-4
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1996-4, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1996-4. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-2
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-2, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-2. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-3
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-3, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-3. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-4
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-4, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1997-4. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1998-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1998-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1998-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1998-2
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1998-2, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1998-2. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1999-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1999-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1999-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1999-2
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1999-2, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1999-2. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1999-3
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1999-3, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 1999-3. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-2
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-2, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-2. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-3
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-3, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-3. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-4
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-4, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2000-4. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-2
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-2, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-2. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-3
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-3, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-3. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-4
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-4, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2001-4. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-1
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-1, for the year ended
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the year
ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-1. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the year ended
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-2
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-2, for the period March 11,
2002 (commencement of servicing on behalf of the trust) to December 31, 2002.
The Company's management is responsible for the assertion. Our responsibility
is to express an opinion on the assertion based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the
period March 11, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-2. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the period
March 11, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-3
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-3, for the period April 8,
2002 (commencement of servicing on behalf of the trust) to December 31, 2002.
The Company's management is responsible for the assertion. Our responsibility
is to express an opinion on the assertion based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the
period April 8, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-3. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the period
April 8, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Avenue, 9th Floor
New York, NY 10017
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-4
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the "Company") complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Deutsche Bank Trust Company Americas (formally
known as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-4, for the period July 9,
2002 (commencement of servicing on behalf of the trust) to December 31, 2002.
The Company's management is responsible for the assertion. Our responsibility
is to express an opinion on the assertion based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the period
March 11, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Deutsche Bank Trust Company Americas (formerly known
as Bankers Trust Company), Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-4. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the period
July 9, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-5
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the ""Company) complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-5, for the period July 22,
2002 (commencement of servicing on behalf of the trust) to December 31, 2002.
The Company's management is responsible for the assertion. Our responsibility
is to express an opinion on the assertion based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the
period July 22, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bankers
Trust Company and is not intended to be and should not be used by anyone other
than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-5. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the period
July 22, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-6
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the ""Company) complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-6, for the period
September 30, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the
period July 22, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bankers
Trust Company and is not intended to be and should not be used by anyone other
than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-6. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the period
September 30, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-7
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the ""Company) complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-7, for the period
September 9, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the
period September 9, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bankers
Trust Company and is not intended to be and should not be used by anyone other
than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-7. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the period
September 9, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Student Loan Marketing Association
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago IL, 60602
REPORT OF INDEPENDENT ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-8
We have examined management's assertion included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR, that the Student
Loan Marketing Association (the ""Company) complied, in all material respects,
with the terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A,
2.7.B, 2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C,
and 3.2.D of the Administration Agreement among the Company, Chase Manhattan
Bank USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding
LLC, as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-8, for the period
November 25, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.
In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based on the aforementioned requirements for the
period November 25, 2002 (commencement of servicing on behalf of the trust)
to December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bankers
Trust Company and is not intended to be and should not be used by anyone other
than these specified parties.
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY ADMINISTRATOR
I acknowledge that as a member of management of the Student Loan Marketing
Association (the "Company"), we are responsible for ensuring compliance with the
terms and conditions of Sections 2.3.A.1, 2.3.A.2, 2.4, 2.6.B, 2.7.A, 2.7.B,
2.7.C, 2.8.B.1, 2.8.B.2, 2.8.B.3, 2.9, 3.1.B, 3.1.C, 3.1.D, 3.2.A, 3.2.C, and
3.2.D of the Administration Agreement among the Company, Chase Manhattan Bank
USA, National Association, Bank of New York, Sallie Mae Servicing L.P., as the
successor-in-interest to Sallie Mae Servicing Corporation and SLM Funding LLC,
as the successor-in-interest to SLM Funding Corporation, (the "Agreement")
pursuant to the Sallie Mae Student Loan Trust 2002-8. We are also responsible
for establishing and maintaining effective internal control over compliance with
the terms and conditions of the Agreement.
We have performed an evaluation of the Company's compliance with the conditions
of the Sections in the Agreement indicated above. Based on the evaluation, we
assert that the Company complied, in all material respects, with the terms and
conditions of the Sections in the Agreement indicated above for the period
November 25, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
J. Lance Franke
Authorized Agent
Student Loan Marketing Association
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1995-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1995-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1995-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1996-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1996-2
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-2, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-2. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1996-3
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-3, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-3. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1996-4
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-4, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1996-4. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ J. LANCE FRANKE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-2
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-2, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-2. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-3
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-3, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-3. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1997-4
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-4, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1997-4. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1998-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1998-2
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-2, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1998-2. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1999-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1999-2
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-2, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-2. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 1999-3
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-3, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 1999-3. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-2
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-2, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-2. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-3
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-3, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-3. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2000-4
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-4, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2000-4. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-2
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-2, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-2. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-3
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-3, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-3. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2001-4
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-4, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2001-4. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-1
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-1, for the
year ended December 31, 2002. The Company's management is responsible for the
assertion. Our responsibility is to express an opinion on the assertion based on
our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the year ended December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-1. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the year ended December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-2
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-2, for the
period March 11, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the period March 11, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-2. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the period March 11, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-3
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-3, for the
period April 8, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the period April 8, 2002 (commencement
of servicing on behalf of the trust) to
December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-3. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the period April 8, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Deutsche Bank Trust Company Americas
280 Park Ave., 9th Floor
New York, New York 10017
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-4
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Deutsche Bank Trust Company Americas (formally know as Bankers
Trust Company), and the Student Loan Marketing Association, as Administrator,
("the Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-4, for
period July 9, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002. The Company's management is responsible for the assertion.
Our responsibility is to express an opinion on the assertion based on our
examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
managements assertaion 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 Company's compliance with specified requirements.
In our opinion, management's assertion referred to above is fairly stated ,
based on the aforementioned terms and conditions of the sections of the
Agreement the Company complied, in all material respects, with the
aforementioned requirements for the period July 9, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
<Page>
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Deutsche
Bank Trust Company Americas and is not intended to be and should not be used by
anyone other than these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Deutsche Bank Trust Company Americans (formally known as Bankers
Trust Company), and the Student Loan Marketing Association, as Adminstrator,
(the "Agreement") pursuant to the Sallie Mae Student Loan Trust 2002-4. We are
also responsible for reviewing and ensuring implementation of, and ongoing
compliance with, effective internal control over compliance with the terms and
conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the period July 9, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago Ill, 60602
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-5
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-5, for the period July 22, 2002 (commencement of servicing on behalf of
the trust) to December 31, 2002. The Company's management is responsible for
the assertion. Our responsibility is to express an opinion on the assertion
based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion 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 Company's compliance with specified requirements.
<Page>
In our opinion, management's assertion referred to above is fairly stated, based
on the aforementioned terms and conditions of the sections of the Agreement for
the period July 22, 2002 (commencement of servicing on behalf of the trust) to
December 31, 2002.
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bank of
New York and is not intended to be and should not be used by anyone other than
these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Adminstrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-5. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the
terms and conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the period July 22, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago Ill, 60602
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-6
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-6, for the period September 30, 2002 (commencement of servicing on
behalf of the trust) to December 31, 2002. The Company's management is
responsible for the assertion. Our responsibility is to express an opinion on
the assertion based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion 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 Company's compliance with specified requirements.
<Page>
In our opinion, management's assertion referred to above is fairly stated, based
on the aforementioned terms and conditions of the sections of the Agreement for
the period September 30, 2002 (commencement of servicing on behalf of the
trust) to December 31, 2002.
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bank of
New York and is not intended to be and should not be used by anyone other than
these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Adminstrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-6. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the
terms and conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the period September 30, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago Ill, 60602
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-7
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-7, for the period September 9, 2002 (commencement of servicing on behalf
of the trust) to December 31, 2002. The Company's management is responsible for
the assertion. Our responsibility is to express an opinion on the assertion
based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion 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 Company's compliance with specified requirements.
<Page>
In our opinion, management's assertion referred to above is fairly stated, based
on the aforementioned terms and conditions of the sections of the Agreement for
the period September 9, 2002 (commencement of servicing on behalf of the trust)
to December 31, 2002.
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bank of
New York and is not intended to be and should not be used by anyone other than
these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Adminstrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-7. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the
terms and conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the period September 9, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer
<Page>
March 28, 2003
Sallie Mae Servicing L.P.
11600 Sallie Mae Drive
Reston, Virginia 20193
and
Chase Manhattan Bank USA, National Association
Christiana Center/Ops 4
500 Stanton Christiana Road
Newark, DE 19713
and
Bank of New York
2 North LaSalle St., Suite 1020
Chicago Ill, 60602
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
SALLIE MAE STUDENT LOAN TRUST 2002-8
We have examined management's assertion, included in the accompanying report
titled REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER, that Sallie Mae Servicing
L.P., as the successor-in-interest to Sallie Mae Servicing Corporation, (the
"Company") complied, in all material respects, with the terms and conditions of
Sections 2.2, 2.3, 3.1A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
ServicingAgreement among the Company, Chase Manhattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Administrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-8, for the period November 25, 2002 (commencement of servicing on behalf
of the trust) to December 31, 2002. The Company's management is responsible for
the assertion. Our responsibility is to express an opinion on the assertion
based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion 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 Company's compliance with specified requirements.
<Page>
In our opinion, management's assertion referred to above is fairly stated, based
on the aforementioned terms and conditions of the sections of the Agreement for
the period November 25, 2002 (commencement of servicing on behalf of the trust)
to December 31, 2002.
This report is intended solely for the information and use of management, the
board of directors, Chase Manhattan Bank USA, National Association and Bank of
New York and is not intended to be and should not be used by anyone other than
these specified parties.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
<Page>
REPORT OF MANAGEMENT ON COMPLIANCE BY SERVICER
We acknowledge that as members of management of Sallie Mae Servicing L.P., as
the successor-in-interest to Sallie Mae Servicing Corporation (the "Company"),
we are responsible for ensuring compliance with the terms and conditions of
Sections 2.2,.2.3, 3.A, 3.2A, 3.2B, 3.2C, 3.5A, 3.6, 3.10, and 3.15 of the
Servicing Agreement among the Company, Chase Manahattan Bank USA, National
Association, Bank of New York, and the Student Loan Marketing Association, as
Adminstrator, (the "Agreement") pursuant to the Sallie Mae Student Loan Trust
2002-8. We are also responsible for reviewing and ensuring implementation of,
and ongoing compliance with, effective internal control over compliance with the
terms and conditions of the Agreement.
On an ongoing basis we evaluate the Company's compliance with the terms and
conditions of the Sections in Agreement indicated above. Based on this
management oversight and evaluation, we assert that the Company complied, in all
material respects, with the terms and conditions of the Sections in the
Agreement indicated above for the period November 25, 2002 (commencement of
servicing on behalf of the trust) to December 31, 2002.
March 28, 2003
/s/ ROBERT R. LEVINE
- ---------------------------------------------
Robert R. Levine
Executive Vice President
Sallie Mae Servicing L.P.
/s/ BARBARA DEEMER
- ---------------------------------------------
Barbara Deemer
Senior Vice President and Treasurer