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					                              SLM Student Loan Trust            2003-11
                                      Quarterly Servicing Report




                                     Distribution Date 03/15/2011

                               Collection Period 12/01/2010 - 02/28/2011



                                     SLM Funding LLC - Depositor

                              Sallie Mae, Inc. - Servicer and Administrator

                                 Bank of New York - Indenture Trustee

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

                    SW Student Services Corp - Excess Distribution Certificateholder




Page 1 of 11
 I.                Deal Parameters


 A             Student Loan Portfolio Characteristics                                                                                                    10/30/2003                                    11/30/2010                                      02/28/2011

               Principal Balance                                                                                                                       $ 2,000,544,519.28                             $ 1,150,772,549.28                            $ 1,129,355,069.27
               Interest to be Capitalized Balance                                                                                                           $ 4,804,998.15                                 $ 4,096,143.08                                $ 4,024,666.85

               Pool Balance                                                                                                                            $ 2,005,349,517.43                             $ 1,154,868,692.36                            $ 1,133,379,736.12
               Specified Reserve Account Balance                                                                                                           $ 5,013,374.00                                   $ 3,008,024.00                               $ 3,008,024.00
                                          (1)
               Adjusted Pool                                                                                                                           $ 2,010,362,891.43                              $ 1,157,876,716.36                            $ 1,136,387,760.12
               Weighted Average Coupon (WAC)                                                                                                                        5.50%                                               5.22%                                         5.22%
               Weighted Average Remaining Term                                                                                                                     266.02                                             226.21                                        224.45
               Number of Loans                                                                                                                                    105,001                                             66,619                                        65,660
               Number of Borrowers                                                                                                                                 66,632                                             40,165                                        39,529
               Aggregate Outstanding Principal Balance - Tbill                                                                                                                                          $ 159,120,363.75                              $ 155,113,399.37
               Aggregate Outstanding Principal Balance - Commercial Paper                                                                                                                               $ 995,748,328.61                              $ 978,266,336.75
               Pool Factor                                                                                                                                                                                     0.575893969                                   0.565178153
               Since Issued Constant Prepayment Rate                                                                                                                                                                 4.13%                                         4.08%
         (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                                                                                       12/15/2010                                                                                    03/15/2011

               A4                                        78442GJX5                                                                                        $ 259,642,865.65                                                                            $ 239,129,976.60
               A5                                        78442GJR8                                                                                        $ 270,641,000.00                                                                            $ 270,641,000.00
               A6                                        78442GJS6                                                                                        $ 275,000,000.00                                                                            $ 275,000,000.00
               A7                                        78442GJT4                                                                                        $ 300,000,000.00                                                                            $ 300,000,000.00
               B                                         78442GJY3                                                                                          $ 52,592,850.71                                                                             $ 51,616,783.52

 C             Account Balances                                                                                                                           12/15/2010                                                                                    03/15/2011

               Reserve Account Balance                                                                                                                       $ 3,008,024.00                                                                               $ 3,008,024.00
               Capitalized Interest Account Balance                                                                                                                     $-                                                                                              $-
               Remarketing Fee Account                                                                                                                       $ 1,050,000.00                                                                               $ 1,050,000.00
               Accumulation Accounts                                                                                                                                    $-                                                                                              $-
               Supplemental Interest Accounts                                                                                                                           $-                                                                                              $-
               Investment Reserve Account                                                                                                                               $-                                                                                               $-
               Investment Premium Purchase Account                                                                                                                      $-                                                                                               $-

 D             Asset / Liability                                                                                                                          12/15/2010                                                                                    03/15/2011

               Adjusted Pool Balance                                                                                                                     $ 1,157,876,716.36                                                                         $ 1,136,387,760.12
               Total Notes                                                                                                                               $ 1,157,876,716.36                                                                         $ 1,136,387,760.12
               Difference                                                                                                                                               $-                                                                                             $-
               Parity Ratio                                                                                                                                         1.00000                                                                                        1.00000




Page 2 of 11                                                                                                                                                             Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
   II.     Trust Activity 12/01/2010 through 02/28/2011

          A     Student Loan Principal Receipts
                      Borrower Principal                                            15,632,283.50
                      Guarantor Principal                                            7,183,625.05
                      Consolidation Activity Principal                               2,359,975.87
                      Seller Principal Reimbursement                                       845.33
                      Servicer Principal Reimbursement                                  26,007.55
                      Rejected Claim Repurchased Principal                             114,155.60
                      Other Principal Deposits                                           8,779.12
                      Total Principal Receipts                                     $ 25,325,672.02
          B     Student Loan Interest Receipts
                      Borrower Interest                                              8,916,012.08
                      Guarantor Interest                                               362,088.61
                      Consolidation Activity Interest                                   24,630.16
                      Special Allowance Payments                                        (4,408.88)
                      Interest Subsidy Payments                                        831,869.92
                      Seller Interest Reimbursement                                        580.00
                      Servicer Interest Reimbursement                                    7,808.95
                      Rejected Claim Repurchased Interest                               19,098.83
                      Other Interest Deposits                                          102,876.36
                      Total Interest Receipts                                      $ 10,260,556.03
          C     Reserves in Excess of Requirement                                             $-
          D     Investment Income                                                       $ 7,304.15
          E     Funds Borrowed from Next Collection Period                                    $-
          F     Funds Repaid from Prior Collection Period                                     $-
          G     Loan Sale or Purchase Proceeds                                                $-

          H     Gross Swap Receipts                                                           $-
          I     Initial Deposits to Collection Account                                        $-

          J     Excess Transferred from Other Accounts                                        $-

          K     Excess Transferred from Remarketing Fee Account                               $-

          L     Other Deposits                                                       $ 759,692.68

          M     Funds Released from Capitalized Interest Account                              $-
          N     Less: Funds Previously Remitted:
                      Servicing Fees to Servicer                                     $(956,134.55)
                      Consolidation Loan Rebate Fees to Dept. of Education         $(2,971,600.37)
                      Floor Income Rebate Fees to Dept. of Education                          $-
          O     AVAILABLE FUNDS                                                    $ 32,425,489.96

          P     Non-Cash Principal Activity During Collection Period               $(3,908,192.01)
          Q     Non-Reimbursable Losses During Collection Period                      $ 90,736.59

          R     Aggregate Purchased Amounts by the Depositor, Servicer or Seller     $ 153,621.18
          S     Aggregate Loan Substitutions                                                  $-


Page 3 of 11                                                                                         Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
   III.        2003-11 Portfolio Characteristics


                                                                    02/28/2011                                                                       11/30/2010


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


   INTERIM:             DEFERMENT                     5.45%     5,655            $109,966,122.11         9.737%       5.41%                   5,787               $111,964,811.90                   9.730%




   REPAYMENT:           CURRENT                       5.07%    49,886            $786,199,905.03        69.615%       5.09%                  50,147               $796,165,266.96                  69.185%


                        31-60 DAYS DELINQUENT         5.56%     2,126             $42,838,822.85         3.793%       5.59%                   2,241                 $43,942,389.41                  3.819%


                        61-90 DAYS DELINQUENT         5.77%      960              $21,800,271.27         1.930%       5.73%                   1,023                 $22,161,237.94                  1.926%


                        91-120 DAYS DELINQUENT        5.66%      517              $11,723,488.42         1.038%       5.70%                     475                 $10,197,995.10                  0.886%


                        > 120 DAYS DELINQUENT         5.84%     1,531             $35,982,010.39         3.186%       5.77%                   1,550                 $34,543,643.91                  3.002%




                        FORBEARANCE                   5.45%     4,741            $115,513,009.12        10.228%       5.40%                   5,139               $125,268,728.80                  10.886%


                        CLAIMS IN PROCESS             6.23%      240               $5,300,154.71         0.469%       6.39%                     248                  $6,396,163.17                  0.556%


                        AGED CLAIMS REJECTED          4.88%        4                  $31,285.37         0.003%       5.98%                        9                   $132,312.09                  0.011%




   TOTAL                                                       65,660        $1,129,355,069.27          100.00%                              66,619              $1,150,772,549.28                 100.00%




 * Percentages may not total 100% due to rounding




Page 4 of 11                                                                                                                  Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
   IV.         2003-11 Portfolio Characteristics (cont'd)


                                                            02/28/2011            11/30/2010


          Pool Balance                                      $1,133,379,736.12     $1,154,868,692.36
          Total # Loans                                                  65,660                66,619
          Total # Borrowers                                              39,529                40,165
          Weighted Average Coupon                                        5.22%                 5.22%
          Weighted Average Remaining Term                                224.45                226.21
          m
          Non-Reimbursable Losses                                 $90,736.59           $103,775.24
          Cumulative Non-Reimbursable Losses                   $1,663,276.21         $1,572,539.62
          Since Issued Constant Prepayment Rate (CPR)                    4.08%                 4.13%

          Loan Substitutions                                                $-                    $-
          Cumulative Loan Substitutions                                     $-                    $-
          Rejected Claim Repurchases                             $133,254.43           $110,126.98
          Cumulative Rejected Claim Repurchases                $1,024,446.42           $891,191.99
          Unpaid Primary Servicing Fees                                     $-                    $-
          Unpaid Administration Fees                                        $-                    $-
          Unpaid Carryover Servicing Fees                                   $-                    $-
          Note Principal Shortfall                                          $-                    $-
          Note Interest Shortfall                                           $-                    $-
          Unpaid Interest Carryover                                         $-                    $-
          Borrower Interest Accrued                           $13,153,099.25        $13,553,797.58
          Interest Subsidy Payments Accrued                      $732,277.52           $749,997.44
          Special Allowance Payments Accrued                       $2,766.62             $9,415.55




Page 5 of 11                                                                                            Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
  V.              2003-11 Portfolio Statistics by School and Program



                                                                        Weighted
          A         LOAN TYPE                                        Average Coupon                         # LOANS               $ AMOUNT                               %*
                             (1)
                    - GSL          - Subsidized                                 0.00%                                        0                    -                        0.000%

                    - GSL - Unsubsidized                                        0.00%                                        0                    -                        0.000%
                                   (2)
                    - PLUS               Loans                                  0.00%                                        0                    -                        0.000%
                             (3)
                    - SLS           Loans                                       0.00%                                        0                    -                        0.000%

                    - Consolidation Loans                                       5.22%                                    65,660    1,129,355,069.27                     100.000%

                    Total                                                       5.22%                                    65,660   $ 1,129,355,069.27                    100.000%

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

                    - Four Year                                                 8.77%                                      102         2,707,407.66                        0.240%

                    - Two Year                                                  8.73%                                       11           187,907.85                        0.017%

                    - Technical                                                 8.88%                                       10            74,001.50                        0.007%
                    - Other                                                     5.21%                                    65,537    1,126,385,752.26                      99.737%

                    Total                                                       5.22%                                    65,660   $ 1,129,355,069.27                    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 11                                                                                                                                           Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
 VI.            2003-11 Waterfall for Distributions



                                                                                                                                                                                                                            Remaining
                                                                                                                                                                                 Paid                                     Funds Balance

   Total Available Funds                                                                                                                                                                                                        $ 32,425,489.96

   A           Primary Servicing Fee                                                                                                                                                  $ 473,620.84                             $ 31,951,869.12

   B           Administration Fee                                                                                                                                                       $ 25,000.00                            $ 31,926,869.12

   C           Quarterly Funding Amount (Remarketing Fee Account)                                                                                                                                 $-                           $ 31,926,869.12

   D     i     Class A Noteholders' Interest Distribution Amount                                                                                                                   $ 1,285,433.99                              $ 30,641,435.13

         ii    Interest Rate Swap Payment                                                                                                                                                         $-                           $ 30,641,435.13

         iii   Swap Termination Payment                                                                                                                                                           $-                           $ 30,641,435.13

   E           Class B Noteholders' Interest Distribution Amount                                                                                                                      $ 125,113.13                             $ 30,516,322.00

   F           Class A Noteholders' Principal Distribution Amount                                                                                                                $ 20,512,889.05                               $ 10,003,432.95

   G           Supplemental Interest Account Deposit                                                                                                                                              $-                           $ 10,003,432.95

   H           Investment Reserve Account Required Amount                                                                                                                                         $-                           $ 10,003,432.95

   I           Class B Noteholders' Principal Distribution Amount                                                                                                                     $ 976,067.19                               $ 9,027,365.76

   J           Reserve Account Reinstatement                                                                                                                                                      $-                             $ 9,027,365.76

   K           Investment Premium Purchase Account Deposit Amount                                                                                                                                 $-                             $ 9,027,365.76

   L           Carryover Servicing Fee                                                                                                                                                            $-                             $ 9,027,365.76

   M           Remaining Swap Termination Fees                                                                                                                                                    $-                             $ 9,027,365.76

   N           Remarketing Fees not paid from Remarketing Fee Account                                                                                                                             $-                             $ 9,027,365.76

   O           Reimbursement of unpaid remarketing fees to the Remarketing Agents or Administrator                                                                                                $-                             $ 9,027,365.76

   P           Excess Distribution Certificateholder                                                                                                                               $ 9,027,365.76                                               $-



 * 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.




Page 7 of 11                                                                                                                                                                                              Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
   VII.        Trigger Events


     A         Has the Stepdown Date Occurred?**                                                                                                                                    Y

               ** The Stepdown Date is the earlier of (1) 12/15/2008 or (2) the first date on which no class A notes remain outstanding.

     B                  Note Balance Trigger

               i        Notes Outstanding (after application of available funds)                                                                          $ 1,136,387,760.12

               ii       Less: Amounts in the Accumulation Account                                                                                                              $-
               iii      Total                                                                                                                             $ 1,136,387,760.12
               iv       Adjusted Pool Balance                                                                                                             $ 1,136,387,760.12
               v        Note Balance Trigger Event Exists (iii > iv)                                                                                                                N

               After the stepdown date, a trigger event in existence results in a Class B Percentage of 0

               Class A Percentage (%)                                                                                                                                      95.46%

               Class B Percentage (%)                                                                                                                                       4.54%

     C         Other Waterfall Triggers

                    i   Student Loan Principal Outstanding                                                                                                $ 1,129,355,069.27

               ii       Borrower Interest Accrued                                                                                                             $ 13,153,099.25

               iii      Interest Subsidy Payments Accrued                                                                                                          $ 732,277.52


               iv       Special Allowance Payments Accrued                                                                                                            $ 2,766.62


               v        Reserve Account Balance (after any reinstatement)                                                                                       $ 3,008,024.00


               vi       Total                                                                                                                             $ 1,146,251,236.66

               vii Less: Specified Reserve Account Balance                                                                                                      $(3,008,024.00)

               viii Less: Supplemental Interest Account Deposit                                                                                                                $-

               ix       Total                                                                                                                             $ 1,143,243,212.66

               x        Class A Notes Outstanding (after application of available funds)                                                                  $ 1,084,770,976.60

               xi       Less: Amounts in the Accumulation Accounts                                                                                                             $-


               xii Total                                                                                                                                  $ 1,084,770,976.60


               xiii Insolvency Event or Event of Default Under Indenture                                                                                                            N


               xiv Available Funds Applied to Class A Noteholders’ Distribution Amount Before Any Amounts                                                                           N
                   are Applied to the Class B Noteholders’ Distribution Amount (xii > ix or xiii = Y)




Page 8 of 11                                                                                                                               Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
   VIII.        2003-11 Distributions


   Distribution Amounts

                                                                                                                 A4                                      A5                                                A6

           Cusip/Isin                                                                                       78442GJX5                               78442GJR8                                        78442GJS6
           Beginning Balance                                                                              $259,642,865.65                        $270,641,000.00                                  $275,000,000.00
           Index                                                                                               LIBOR                                   LIBOR                                             LIBOR
           Next Remarketing Reset Date (if Reset Note)                                                          N/A                                     N/A                                           12/16/2013
           Spread/Fixed Rate                                                                                  0.1900%                                 0.0500%                                          0.2900%
           Record Date (Days Prior to Distribution)                                               1 NEW YORK BUSINESS DAY                 1 NEW YORK BUSINESS DAY                        1 NEW YORK BUSINESS DAY
           Accrual Period Begin                                                                             12/15/2010                              12/15/2010                                        12/15/2010
           Accrual Period End                                                                               03/15/2011                              03/15/2011                                        03/15/2011
           Interest Rate*                                                                                    0.49156%                                0.35156%                                          0.59156%
           Accrued Interest Factor                                                                         0.001228900                             0.000878900                                       0.001478900
           Current Interest Due                                                                             $319,075.12                             $237,866.37                                      $406,697.50
           Interest Shortfall from Prior Period Plus Accrued Interest                                            $-                                      $-                                                $-
           Total Interest Due                                                                               $319,075.12                             $237,866.37                                      $406,697.50
           Interest Paid                                                                                    $319,075.12                             $237,866.37                                      $406,697.50
           Interest Shortfall                                                                                    $-                                      $-                                                $-
           Principal Paid or Allocated to the Accumulation Account **                                     $20,512,889.05                                 $-                                                $-
           Ending Principal Balance                                                                       $239,129,976.60                        $270,641,000.00                                  $275,000,000.00
           Paydown Factor                                                                                  0.049788566                             0.000000000                                       0.000000000
           Ending Balance Factor                                                                           0.580412565                             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.
   **Amounts allocated to classes of fixed rate reset notes are deposited into their accumulation account for distribution on the next related reset date




Page 9 of 11                                                                                                                                                  Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
VIII.           2003-11 Distributions


Distribution Amounts

                                                                                A7                        B

        Cusip/Isin                                                          78442GJT4                 78442GJY3
        Beginning Balance                                                 $300,000,000.00           $52,592,850.71
        Index                                                                 LIBOR                     LIBOR
        Next Remarketing Reset Date (if Reset Note)                          3/15/2011                   N/A
        Spread/Fixed Rate                                                    0.1275%                   0.6500%
        Record Date (Days Prior to Distribution)                     1 NEW YORK BUSINESS DAY   1 NEW YORK BUSINESS DAY
        Accrual Period Begin                                                12/15/2010                12/15/2010
        Accrual Period End                                                  03/15/2011                03/15/2011
        Interest Rate*                                                       0.42906%                 0.95156%
        Accrued Interest Factor                                            0.001072650               0.002378900
        Current Interest Due                                               $321,795.00               $125,113.13
        Interest Shortfall from Prior Period Plus Accrued Interest              $-                       $-
        Total Interest Due                                                 $321,795.00               $125,113.13
        Interest Paid                                                      $321,795.00               $125,113.13
        Interest Shortfall                                                      $-                       $-
        Principal Paid or Allocated to the Accumulation Account **              $-                   $976,067.19
        Ending Principal Balance                                          $300,000,000.00           $51,616,783.52
        Paydown Factor                                                     0.000000000               0.016063512
        Ending Balance Factor                                              1.000000000               0.849477207
   IX.     2003-11 Reconciliations
   A            Principal Distribution Reconciliation
                Prior Adjusted Pool Balance                           $ 1,157,876,716.36
                Current Adjusted Pool Balance                         $ 1,136,387,760.12
                Current Principal Due                                   $ 21,488,956.24
                Principal Shortfall from Previous Collection Period                 $-
                Principal Distribution Amount                           $ 21,488,956.24
                Principal Paid                                          $ 21,488,956.24
                Principal Shortfall                                                $-


   B            Reserve Account Reconciliation
                Beginning Period Balance                                  $ 3,008,024.00
                Reserve Funds Utilized                                              $-
                Reserve Funds Reinstated                                            $-
                Balance Available                                         $ 3,008,024.00
                Required Reserve Acct Balance                             $ 3,008,024.00
                Release to Collection Account                                       $-
                Ending Reserve Account Balance                            $ 3,008,024.00


   C            Capitalized Interest Account
                Beginning Period Balance                                            $-

                Transfers to Collection Account                                     $-

                Ending Balance                                                      $-


   D            Remarketing Fee Account                                    A5              A6                    A7

                Reset Period Target Amount                                          $-          $-             $ 1,050,000.00
                Quarterly Required Amount                                           $-          $-             $ 1,050,000.00
                Beginning Balance                                                   $-          $-             $ 1,050,000.00
                Quarterly Funding Amount                                            $-          $-                            $-
                Remarketing Fees Paid this distribution                             $-          $-                            $-
                Reset Period Target Amount Excess                                   $-          $-                            $-
                Ending Balance                                                      $-          $-             $ 1,050,000.00




Page 10 of 11                                                                                        Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011
   IX.    2003-11 Reconciliations (cont'd)

   E            Accumulation Account                                 A5            A6                    A7

                Beginning Balance                                         $-            $-                            $-
                Principal Distribution Amount Deposits                    $-            $-                            $-
                Principal Payments to Noteholders                         $-            $-                            $-
                Ending Balance                                            $-            $-                            $-


   F            Supplemental Interest Account
                Accumulation Account Balance                              $-
                Beginning Balance                                         $-
                Supplemental Interest Account Deposit Amount              $-
                Funds Released into Collection Account                    $-
                Ending Balance                                            $-

   G            Investment Reserve Account
                Investment Downgrade Flag                                      N
                Beginning Balance                                         $-
                Investment Reserve Account Required Amount Deposit        $-
                Funds Released into Accumulation Accounts                 $-
                Funds Released to Collection Accounts                     $-
                Ending Balance                                            $-

   H            Investment Premium Purchase Account
                Beginning Account Balance                                 $-
                New Deposits (1% of new Accum Acct Dep)                   $-
                Payments made on investments in excess of par             $-
                Ending Balance                                            $-




Page 11 of 11                                                                                Trust 2003-11 Quarterly Servicing Report: Collection Period 12/01/2010 - 02/28/2011, Distribution Date 03/15/2011

				
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