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					                              SLM Student Loan Trust            2005-2
                                     Quarterly Servicing Report




                                    Distribution Date 01/25/2012

                              Collection Period 10/01/2011 - 12/31/2011



                                    SLM Funding LLC - Depositor

                             Sallie Mae, Inc. - Servicer and Administrator

                     Deutsche Bank Trust Company Americas - Indenture Trustee

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

                     SLM Investment Corp. - Excess Distribution Certificateholder




Page 1 of 9
 I.                Deal Parameters


 A             Student Loan Portfolio Characteristics                                                                                                  02/15/2005                                    09/30/2011                                        12/31/2011


               Principal Balance                                                                                                                       $ 1,954,517,926.44                             $ 292,752,348.30                                  $ 282,883,518.18
               Interest to be Capitalized Balance                                                                                                          19,624,548.57                                    2,144,234.74                                      1,873,983.02

               Pool Balance                                                                                                                            $ 1,974,142,475.01                             $ 294,896,583.04                                  $ 284,757,501.20

               Capitalized Interest Account Balance                                                                                                                   $-                                                $-                                                $-

               Specified Reserve Account Balance                                                                                                            5,012,023.00                                - N/A -                                           - N/A -

                                          (1)
               Adjusted Pool                                                                                                                           $ 1,979,154,498.01                              $ 294,896,583.04                                  $ 284,757,501.20


               Weighted Average Coupon (WAC)                                                                                                                         3.20%                                            2.31%                                             2.32%

               Weighted Average Remaining Term                                                                                                                      124.00                                          107.20                                            107.36

               Number of Loans                                                                                                                                   621,523                                           115,038                                          111,530

               Number of Borrowers                                                                                                                               295,267                                            59,688                                            57,748

               Aggregate Outstanding Principal Balance - Tbill                                                                                                                                          $ 19,254,426.47                                   $ 18,404,184.44

               Aggregate Outstanding Principal Balance - Commercial Paper                                                                                                                             $ 275,642,156.57                                  $ 266,353,316.76

               Pool Factor                                                                                                                                                                                   0.149379585                                       0.144243642


               Since Issued Constant Prepayment Rate                                                                                                                                                                15.38%                                            14.53%

         (1)
                The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than 40% of the original pool.



 B             Debt Securities                           Cusip/Isin                                                                                    10/25/2011                                                                                      01/25/2012

               A4                                        78442GNU6                                                                                       $ 32,039,583.04                                                                                  $ 21,900,501.20
               A5                                        78442GNV4                                                                                      $ 202,111,000.00                                                                                $ 202,111,000.00
               B                                         78442GNW2                                                                                       $ 60,746,000.00                                                                                  $ 60,746,000.00


 C             Account Balances                                                                                                                        10/25/2011                                                                                      01/25/2012

               Reserve Account Balance                                                                                                                     $ 2,004,809.00                                                                                  $ 2,004,809.00
               Capitalized Interest Account Balance                                                                                                                   $-                                                                                                  $-


 D             Asset / Liability                                                                                                                       10/25/2011                                                                                      01/25/2012

               Adjusted Pool Balance                                                                                                                    $ 294,896,583.04                                                                                $ 284,757,501.20
               Total Notes                                                                                                                              $ 294,896,583.04                                                                                $ 284,757,501.20
               Difference                                                                                                                                             $-                                                                                                  $-

               Parity Ratio                                                                                                                                      1.00000                                                                                            1.00000




Page 2 of 9                                                                                                                                                                 Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012
   II.        Trust Activity 10/01/2011 through 12/31/2011

          A        Student Loan Principal Receipts
                         Borrower Principal                                             4,945,610.05
                         Guarantor Principal                                            4,377,414.71
                         Consolidation Activity Principal                               1,539,977.87
                         Seller Principal Reimbursement                                            -
                         Servicer Principal Reimbursement                                     526.91
                         Rejected Claim Repurchased Principal                              25,727.43
                         Other Principal Deposits                                          13,752.75
                         Total Principal Receipts                                     $ 10,903,009.72
          B        Student Loan Interest Receipts
                         Borrower Interest                                                546,306.81
                         Guarantor Interest                                                53,452.18
                         Consolidation Activity Interest                                    9,156.65
                         Special Allowance Payments                                       128,346.81
                         Interest Subsidy Payments                                        195,214.95
                         Seller Interest Reimbursement                                        328.21
                         Servicer Interest Reimbursement                                    4,741.07
                         Rejected Claim Repurchased Interest                                1,643.17
                         Other Interest Deposits                                           85,175.61
                         Total Interest Receipts                                       $ 1,024,365.46
          C        Reserves in Excess of Requirement                                             $-
          D        Investment Income                                                       $ 2,180.82

          E        Funds Borrowed from Next Collection Period                                    $-

          F        Funds Repaid from Prior Collection Period                                     $-

          G        Loan Sale or Purchase Proceeds                                                $-

          H        Initial Deposits to Collection Account                                        $-

          I        Other Deposits                                                          $ 9,432.74

          J        Less: Funds Previously Remitted:

                         Servicing Fees to Servicer                                     $(436,818.64)

                         Consolidation Loan Rebate Fees to Dept. of Education                    $-

                         Total Funds Previously Remitted                                $(436,818.64)

          K        AVAILABLE FUNDS                                                    $ 11,502,170.10

          L        Non-Cash Principal Activity During Collection Period               $(1,034,179.60)

          M        Non-Reimbursable Losses During Collection Period                      $ 78,947.95

          N        Aggregate Purchased Amounts by the Depositor, Servicer or Seller      $ 27,370.60

          O        Aggregate Loan Substitutions                                                  $-




Page 3 of 9                                                                                             Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012
   III.       2005-2 Portfolio Characteristics


                                                                               12/31/2011                                                                         09/30/2011


                                                    Wtd Avg                                                                     Wtd Avg
                                                    Coupon       # Loans                Principal             % of Principal    Coupon            # Loans                     Principal                % of Principal


   INTERIM:            IN SCHOOL                         1.91%             1,552              $4,588,434.14            1.622%        1.86%                  1,674                  $4,993,159.40                  1.706%


                       GRACE                             1.76%              464               $1,399,968.19            0.495%        1.86%                    901                  $2,629,446.95                  0.898%


                       DEFERMENT                         1.84%         21,649                $59,942,997.88           21.190%        1.85%                 22,953                $63,548,820.18                  21.707%




   REPAYMENT:          CURRENT                           2.46%         54,429               $113,648,671.18           40.175%        2.46%                 56,498               $119,265,839.89                  40.739%


                       31-60 DAYS DELINQUENT             2.47%             5,511             $15,845,019.28            5.601%        2.46%                  5,742                $16,140,429.78                   5.513%


                       61-90 DAYS DELINQUENT             2.44%             4,152             $11,757,782.56            4.156%        2.50%                  3,055                  $8,673,435.33                  2.963%


                       91-120 DAYS DELINQUENT            2.47%             2,227              $6,658,449.67            2.354%        2.51%                  2,148                  $6,478,771.06                  2.213%


                       > 120 DAYS DELINQUENT             2.48%             8,057             $24,373,202.73            8.616%        2.48%                  8,539                $25,698,990.79                   8.778%




                       FORBEARANCE                       2.44%         11,865                $39,540,880.07           13.978%        2.44%                 12,255                $41,596,268.21                  14.209%


                       CLAIMS IN PROCESS                 2.61%             1,569              $4,994,263.98            1.765%        2.56%                  1,242                  $3,647,328.71                  1.246%


                       AGED CLAIMS REJECTED              2.39%               55                $133,848.50             0.047%        2.45%                      31                     $79,858.00                 0.027%




   TOTAL                                                              111,530               $282,883,518.18           100.00%                             115,038                $292,752,348.30                 100.00%




 * Percentages may not total 100% due to rounding




Page 4 of 9                                                                                                                                  Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012
   IV.         2005-2 Portfolio Characteristics (cont'd)


                                                           12/31/2011            09/30/2011


          Pool Balance                                      $284,757,501.20       $294,896,583.04
          Total # Loans                                             111,530               115,038
          Total # Borrowers                                             57,748                59,688
          Weighted Average Coupon                                       2.32%                 2.31%
          Weighted Average Remaining Term                               107.36                107.20
          m
          Non-Reimbursable Losses                                $78,947.95           $102,892.13
          Cumulative Non-Reimbursable Losses                  $3,566,116.60         $3,487,168.65
          Since Issued Constant Prepayment Rate (CPR)                   14.53%                15.38%

          Loan Substitutions                                               $-                    $-
          Cumulative Loan Substitutions                                    $-                    $-
          Rejected Claim Repurchases                             $27,370.60           $149,670.89
          Cumulative Rejected Claim Repurchases               $1,493,998.77         $1,466,628.17
          Unpaid Primary Servicing Fees                                    $-                    $-
          Unpaid Administration Fees                                       $-                    $-
          Unpaid Carryover Servicing Fees                                  $-                    $-
          Note Principal Shortfall                                         $-                    $-
          Note Interest Shortfall                                          $-                    $-
          Unpaid Interest Carryover                                        $-                    $-
          Borrower Interest Accrued                           $1,486,581.91         $1,542,393.39
          Interest Subsidy Payments Accrued                     $179,820.47           $187,695.99
          Special Allowance Payments Accrued                    $123,584.54           $128,238.48




Page 5 of 9                                                                                            Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012
  V.              2005-2 Portfolio Statistics by School and Program



                                                                        Weighted
          A         LOAN TYPE                                        Average Coupon                         # LOANS                $ AMOUNT                              %*
                             (1)
                    - GSL          - Subsidized                                 2.34%                                    65,695     $ 143,539,008.86                     50.741%

                    - GSL - Unsubsidized                                        2.23%                                    43,209       129,414,923.37                     45.748%
                                   (2)
                    - PLUS               Loans                                  3.22%                                     2,625         9,926,079.81                       3.509%
                             (3)
                    - SLS           Loans                                       3.42%                                         1             3,506.14                       0.001%

                    - Consolidation Loans                                       0.00%                                         0                 0.00                       0.000%

                    Total                                                       2.32%                                    111,530     $ 282,883,518.18                   100.000%

                                                                        Weighted
          B         SCHOOL TYPE                                      Average Coupon                         # LOANS                $ AMOUNT                              %*

                    - Four Year                                                 2.31%                                    81,886     $ 226,468,639.33                     80.057%

                    - Two Year                                                  2.29%                                    22,366        42,916,265.06                     15.171%

                    - Technical                                                 2.56%                                     7,273        13,488,922.47                       4.768%
                    - Other                                                     3.55%                                         5             9,691.32                       0.003%

                    Total                                                       2.32%                                    111,530     $ 282,883,518.18                   100.000%




          *Percentages may not total 100% due to rounding.

(1)
      Guaranteed Stafford Loan

(2)
      Parent Loans for Undergraduate Students

(3)
      Supplemental Loans to Students. The Unsubsidized Stafford Loan program replaced the SLS program on July 1, 1994.




Page 6 of 9                                                                                                                                             Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012
 VI.            2005-2 Waterfall for Distributions



                                                                                                                                                                                                                            Remaining
                                                                                                                                                                                 Paid                                     Funds Balance

   Total Available Funds                                                                                                                                                                                                        $ 11,502,170.10

   A           Primary Servicing Fee                                                                                                                                                  $ 214,801.28                             $ 11,287,368.82

   B           Administration Fee                                                                                                                                                       $ 20,000.00                            $ 11,267,368.82

   C           Class A Noteholders' Interest Distribution Amount                                                                                                                      $ 303,358.17                             $ 10,964,010.65

   D           Class B Noteholders' Interest Distribution Amount                                                                                                                        $ 91,332.22                            $ 10,872,678.43

   E           Class A Noteholders' Principal Distribution Amount                                                                                                                $ 10,139,081.84                                    $ 733,596.59

   F           Class B Noteholders' Principal Distribution Amount                                                                                                                                 $-                                $ 733,596.59

   G           Reserve Account Reinstatement                                                                                                                                                      $-                                $ 733,596.59

   H           Carryover Servicing Fee                                                                                                                                                            $-                                $ 733,596.59

   I           Excess Distribution Certificateholder                                                                                                                                  $ 733,596.59                                              $-
 * In the event the trust student loans are not sold on the trust auction date, on each subsequent distribution date on which the Pool Balance is equal to 10% or less of the initial Pool Balance, accelerated payments of principal on the notes will be made in place of payments to
 the excess distribution certificateholder.




       Waterfall Triggers

       A       Student Loan Principal Outstanding                                                                                                                                                                            $ 282,883,518.18

       B       Borrower Interest Accrued                                                                                                                                                                                         $ 1,486,581.91

       C       Interest Subsidy Payments Accrued                                                                                                                                                                                    $ 179,820.47

       D       Special Allowance Payments Accrued                                                                                                                                                                                   $ 123,584.54

       E       Capitalized Interest Account Balance                                                                                                                                                                                             $-

       F       Reserve Account Balance (after any reinstatement)                                                                                                                                                                 $ 2,004,809.00

       G       Total                                                                                                                                                                                                         $ 286,678,314.10

       H       Less: Specified Reserve Account Balance                                                                                                                                                                          $(2,004,809.00)

       I       Total                                                                                                                                                                                                         $ 284,673,505.10


       J       Class A Notes Outstanding (after application of available funds)                                                                                                                                              $ 224,011,501.20



       K       Insolvency Event or Event of Default Under Indenture                                                                                                                                                             N



       L       Available Funds Applied to Class A Noteholders’ Distribution Amount Before Any Amounts                                                                                                                           N
               are Applied to the Class B Noteholders’ Distribution Amount (J>I or K=Y)




Page 7 of 9                                                                                                                                                                                                 Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012
   VII.        2005-2 Distributions


   Distribution Amounts

                                                                                                                 A4                                      A5                                                B

          Cusip/Isin                                                                                        78442GNU6                               78442GNV4                                       78442GNW2
          Beginning Balance                                                                               $32,039,583.04                         $202,111,000.00                                  $60,746,000.00
          Index                                                                                                LIBOR                                   LIBOR                                            LIBOR
          Spread/Fixed Rate                                                                                    0.08%                                   0.09%                                            0.17%
          Record Date (Days Prior to Distribution)                                                1 NEW YORK BUSINESS DAY                 1 NEW YORK BUSINESS DAY                       1 NEW YORK BUSINESS DAY
          Accrual Period Begin                                                                              10/25/2011                              10/25/2011                                       10/25/2011
          Accrual Period End                                                                                01/25/2012                              01/25/2012                                       01/25/2012
          Daycount Fraction                                                                                 0.25555556                              0.25555556                                      0.25555556
          Interest Rate*                                                                                     0.49833%                                0.50833%                                        0.58833%
          Accrued Interest Factor                                                                          0.001273510                             0.001299066                                     0.001503510
          Current Interest Due                                                                              $40,802.73                              $262,555.44                                      $91,332.22
          Interest Shortfall from Prior Period Plus Accrued Interest                                             $-                                      $-                                               $-
          Total Interest Due                                                                                $40,802.73                              $262,555.44                                      $91,332.22
          Interest Paid                                                                                     $40,802.73                              $262,555.44                                      $91,332.22
          Interest Shortfall                                                                                     $-                                      $-                                               $-
          Carryover Interest Shortfall from Prior Period Plus Accrued Interest                                   $-                                      $-                                               $-
          Current Interest Carryover Due                                                                         $-                                      $-                                               $-
          Interest Carryover Paid                                                                                $-                                      $-                                               $-
          Unpaid Interest Carryover                                                                              $-                                      $-                                               $-
          Principal Paid                                                                                  $10,139,081.84                                 $-                                               $-
          Ending Principal Balance                                                                        $21,900,501.20                         $202,111,000.00                                  $60,746,000.00
          Paydown Factor                                                                                   0.026131654                             0.000000000                                     0.000000000
          Ending Balance Factor                                                                            0.056444591                             1.000000000                                     1.000000000


   * Pay rates for Current Distribution. For the interest rates applicable to the next distribution date, please see http://www.salliemae.com/salliemae/investor/slmtrust/extracts/abrate.txt.




Page 8 of 9                                                                                                                                                   Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012
   VIII.      2005-2 Reconciliations


   A            Principal Distribution Reconciliation
                Prior Adjusted Pool Balance                           $ 294,896,583.04
                Current Adjusted Pool Balance                         $ 284,757,501.20
                Current Principal Due                                  $ 10,139,081.84
                Principal Shortfall from Previous Collection Period               $-
                Principal Distribution Amount                          $ 10,139,081.84

                Principal Paid                                         $ 10,139,081.84
                Principal Shortfall                                               $-

   B            Reserve Account Reconciliation
                Beginning Period Balance                                $ 2,004,809.00
                Reserve Funds Utilized                                            0.00
                Reserve Funds Reinstated                                          0.00
                Balance Available                                       $ 2,004,809.00

                Required Reserve Acct Balance                           $ 2,004,809.00
                Release to Collection Account                                     $-
                Ending Reserve Account Balance                          $ 2,004,809.00




Page 9 of 9                                                                              Trust 2005-2 Quarterly Servicing Report: Collection Period 10/01/2011 - 12/31/2011, Distribution Date 01/25/2012

				
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