Exhibit 99.1

ANNEX A

THE TRUST STUDENT LOAN POOL

The trust student loans owned by the trust were originally selected from a portfolio of consolidation student loans owned by Student Loan Marketing Association by employing several criteria, including requirements that each trust student loan as of the original statistical cutoff date (and with respect to each additional trust student loan as of its related subsequent cutoff date):

• was guaranteed as to principal and interest by a guaranty agency under a guarantee agreement and the guaranty agency was, in turn, reinsured by the Department of Education in accordance with the FFELP;

• contained terms in accordance with those required by the FFELP, the guarantee agreements and other applicable requirements;

• was more than 30 days past the final disbursement;

• was not more than 210 days past due;

• did not have a borrower who was noted in the related records of the servicer as being currently involved in a bankruptcy proceeding; and

• had special allowance payments, if any, based on the three-month commercial paper rate or the 91-day Treasury bill rate.

No trust student loan as of the applicable cutoff date was subject to any prior obligation to sell that loan to a third party.

Unless otherwise specified, all information with respect to the trust student loans is presented as of November 30, 2021, which is the statistical disclosure date.

The following tables provide a description of specified characteristics of the trust student loans as of the statistical disclosure date.  The aggregate outstanding principal balance of the loans in each of the following tables includes the principal balance due from borrowers, plus accrued interest of $1,198,444 to be capitalized as of the statistical disclosure date.  Percentages and dollar amounts in any table may not total 100% or whole dollars due to rounding.  The following tables also contain information concerning the total number of loans and total number of borrowers in the portfolio of trust student loans.  For ease of administration, the servicer separates a consolidation loan on its system into two separate loan segments representing subsidized and unsubsidized segments of the same loan.  The following tables reflect those loan segments within the number of loans.  In addition, 10 borrowers have more than one trust student loan.

The distribution by weighted average interest rate applicable to the trust student loans on any date following the statistical disclosure date may vary significantly from that in the following tables as a result of variations in the effective rates of interest applicable to the trust student loans and in rates of principal reduction.  Moreover, the information below about the weighted average remaining term to maturity of the trust student loans as of the statistical disclosure date may vary significantly from the actual term to maturity of any of the trust student loans as a result of prepayments or the granting of deferment and forbearance periods. See “Risk Factors—Forbearances Granted As a Result of the COVID-19 Pandemic May Delay Payments of Interest and Principal” in this remarketing memorandum.

A-1 2004‑1

The following tables also contain information concerning the total number of loans and the total number of borrowers in the portfolio of initial trust student loans.

Percentages and dollar amounts in any table may not total 100% of the initial trust student loan balance, as applicable, due to rounding.

COMPOSITION OF THE TRUST STUDENT LOANS
AS OF THE STATISTICAL DISCLOSURE DATE

Aggregate Outstanding Principal Balance	$	421,118,493
Aggregate Outstanding Principal Balance – Treasury Bill	$	12,406,183
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill		2.95	%
Aggregate Outstanding Principal Balance – One-Month LIBOR	$	408,712,310
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR		97.05	%
Number of Borrowers		13,942
Average Outstanding Principal Balance Per Borrower	$	30,205
Number of Loans		25,409
Average Outstanding Principal Balance Per Loan – Treasury Bill	$	48,086
Average Outstanding Principal Balance Per Loan – One-Month LIBOR	$	16,250
Weighted Average Remaining Term to Scheduled Maturity	169 months
Weighted Average Annual Interest Rate		4.35	%

We determined the weighted average remaining term to maturity shown in the table from the statistical disclosure date to the stated maturity date of the applicable trust student loan without giving effect to any deferment or forbearance periods that may be granted in the future.  See Appendix A to the preliminary remarketing memorandum.

The weighted average annual borrower interest rate shown in the table is exclusive of special allowance payments.  The weighted average spread for special allowance payments to the 91-day Treasury bill rate was 3.10% as of the statistical disclosure date.

The weighted average spread for special allowance payments to the one-month LIBOR rate was 2.64% as of the statistical disclosure date.  See “Special Allowance Payments” in Appendix A to the preliminary remarketing memorandum.

For these purposes, the 91-day Treasury bill rate is the weighted average per annum discount rate, expressed on a bond equivalent basis and applied on a daily basis, for direct obligations of the United States with a maturity of thirteen weeks, as reported by the U.S. Department of the Treasury.

A-2 2004‑1

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY BORROWER INTEREST RATES AS OF THE STATISTICAL
DISCLOSURE DATE

Interest Rates	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Less than or equal to 3.00%		6,015	$	89,786,586		21.3	%
3.01% to 3.50%		4,611		69,221,264		16.4
3.51% to 4.00%		4,990		71,580,467		17.0
4.01% to 4.50%		5,704		84,968,444		20.2
4.51% to 5.00%		1,196		20,417,927		4.8
5.01% to 5.50%		370		7,920,918		1.9
5.51% to 6.00%		336		7,613,532		1.8
6.01% to 6.50%		505		12,795,871		3.0
6.51% to 7.00%		562		13,499,619		3.2
7.01% to 7.50%		235		6,632,400		1.6
7.51% to 8.00%		367		10,906,080		2.6
8.01% to 8.50%		428		19,951,427		4.7
Equal to or greater than 8.51%		90		5,823,956		1.4
Total		25,409	$	421,118,493		100.0	%

We determined the interest rates shown in the table above using the interest rates applicable to the trust student loans as of the statistical disclosure date.  Because trust student loans with different interest rates are likely to be repaid at different rates, this information is not likely to remain applicable to the trust student loans after the statistical disclosure date.  See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools – The Student Loan Marketing Association’s Student Loan Financing Business” in the prospectus.

A-3 2004‑1

DISTRIBUTION OF THE TRUST STUDENT LOANS BY
OUTSTANDING PRINCIPAL BALANCE PER BORROWER
AS OF THE STATISTICAL DISCLOSURE DATE

Range of Outstanding Principal Balance	Number of Borrowers		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Less than $5,000.00		2,812	$	6,971,337		1.7	%
$5,000.00-$ 9,999.99		1,991		14,774,294		3.5
$10,000.00-$14,999.99		1,580		19,668,368		4.7
$15,000.00-$19,999.99		1,243		21,563,608		5.1
$20,000.00-$24,999.99		1,026		22,941,998		5.4
$25,000.00-$29,999.99		783		21,447,296		5.1
$30,000.00-$34,999.99		669		21,728,002		5.2
$35,000.00-$39,999.99		555		20,756,650		4.9
$40,000.00-$44,999.99		430		18,256,185		4.3
$45,000.00-$49,999.99		338		16,034,737		3.8
$50,000.00-$54,999.99		309		16,239,449		3.9
$55,000.00-$59,999.99		281		16,151,998		3.8
$60,000.00-$64,999.99		228		14,251,620		3.4
$65,000.00-$69,999.99		204		13,741,938		3.3
$70,000.00-$74,999.99		172		12,472,232		3.0
$75,000.00-$79,999.99		143		11,091,009		2.6
$80,000.00-$84,999.99		131		10,801,104		2.6
$85,000.00-$89,999.99		123		10,759,920		2.6
$90,000.00-$94,999.99		104		9,611,658		2.3
$95,000.00-$99,999.99		84		8,192,882		1.9
$100,000.00 and above		736		113,662,206		27.0
Total		13,942	$	421,118,493		100.0	%

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY DELINQUENCY STATUS AS OF THE
STATISTICAL DISCLOSURE DATE

Number of Days Delinquent	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
0-30 days		24,748	$	406,446,734		96.5	%
31-60 days		257		5,078,365		1.2
61-90 days		109		2,519,141		0.6
91-120 days		75		1,833,309		0.4
121-150 days		76		1,449,342		0.3
151-180 days		36		1,016,326		0.2
181-210 days		17		579,613		0.1
Greater than 210 days		91		2,195,662		0.5
Total		25,409	$	421,118,493		100.0	%

A-4 2004‑1

DISTRIBUTION OF THE TRUST STUDENT LOANS
BY REMAINING TERM TO SCHEDULED MATURITY
AS OF THE STATISTICAL DISCLOSURE DATE

Number of Months Remaining to Scheduled Maturity	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
0 to 3		79	$	20,662		*
4 to 12		318		242,214		0.1	%
13 to 24		1,277		1,940,332		0.5
25 to 36		2,616		5,271,044		1.3
37 to 48		1,329		5,165,644		1.2
49 to 60		982		4,980,797		1.2
61 to 72		890		6,128,623		1.5
73 to 84		1,653		12,155,034		2.9
85 to 96		2,496		20,106,160		4.8
97 to 108		1,090		12,449,371		3.0
109 to 120		1,003		13,124,865		3.1
121 to 132		1,367		24,610,393		5.8
133 to 144		1,920		37,907,019		9.0
145 to 156		2,829		58,382,267		13.9
157 to 168		1,201		31,828,481		7.6
169 to 180		942		28,046,435		6.7
181 to 192		922		34,012,649		8.1
193 to 204		639		23,952,328		5.7
205 to 216		521		23,275,884		5.5
217 to 228		345		15,159,424		3.6
229 to 240		214		9,694,673		2.3
241 to 252		136		6,452,139		1.5
253 to 264		119		6,701,951		1.6
265 to 276		86		5,377,778		1.3
277 to 288		74		4,218,990		1.0
289 to 300		102		6,798,489		1.6
301 to 312		155		12,352,226		2.9
313 to 324		15		1,127,513		0.3
325 to 336		22		1,130,069		0.3
337 to 348		15		2,202,909		0.5
349 to 360		34		3,659,483		0.9
361 and above		18		2,642,649		0.6
Total		25,409	$	421,118,493		100.0	%

* Represents a percentage greater than 0% but less than 0.05%.

We have determined the number of months remaining to scheduled maturity shown in the table from the statistical disclosure date to the stated maturity date of the applicable trust student loan without giving effect to any deferment or forbearance periods that may be granted in the future.  See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools – The Student Loan Marketing Association’s Student Loan Financing Business” in the prospectus.

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DISTRIBUTION OF THE TRUST STUDENT LOANS

BY CURRENT BORROWER PAYMENT STATUS

AS OF THE STATISTICAL DISCLOSURE DATE

Current Borrower Payment Status	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Deferment		548	$	10,140,901		2.4	%
Forbearance*		1,360		35,177,820		8.4
Repayment
First year in repayment		158		6,621,282		1.6
Second year in repayment		141		5,135,631		1.2
Third year in repayment		176		7,744,151		1.8
More than 3 years in repayment		23,026		356,298,708		84.6
Total		25,409	$	421,118,493		100.0	%

* Of the trust student loans in forbearance status, approximately 239 loans with an aggregate outstanding principal balance of $6,159,615, representing 1% of the pool by principal, are in the Coronavirus Disaster Forbearance Program.

Current borrower payment status refers to the status of the borrower of each trust student loan as of the statistical disclosure date.  The borrower:

• may have temporarily ceased repaying the loan through a deferment or a forbearance period (this category includes the Coronavirus Disaster Forbearance Program); or

• may be currently required to repay the loan – repayment.

See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools – The Student Loan Marketing Association’s Student Loan Financing Business” in the prospectus.

The weighted average number of months in repayment for all trust student loans currently in repayment is approximately 149.2 calculated as the term to maturity at the commencement of repayment less the number of months remaining to scheduled maturity as of the statistical disclosure date.

A-6 2004‑1

SCHEDULED WEIGHTED AVERAGE REMAINING MONTHS IN

STATUS OF THE TRUST STUDENT LOANS BY

CURRENT BORROWER PAYMENT STATUS AS OF THE

STATISTICAL DISCLOSURE DATE

	Scheduled Months in Status Remaining
Current Borrower Payment Status	Deferment		Forbearance		Repayment
Deferment		18.2		-		193.6
Forbearance		-		5.1		197.2
Repayment		-		-		164.4

We have determined the scheduled weighted average remaining months in status shown in the previous table without giving effect to any deferment or forbearance periods that may be granted in the future.  Of the $10,140,901 aggregate outstanding principal balance of the trust student loans in deferment as of the statistical disclosure date, $7,908,738 or approximately 78.0% of such loans are to borrowers who had not graduated as of that date.  We expect that a significant portion of these loans could qualify for additional deferments or forbearances at the end of their current deferment periods as the related borrowers continue their education beyond their current degree programs.  As a result, the overall duration of any applicable deferment and forbearance periods as well as the likelihood of future deferment and forbearance periods within this pool of trust student loans is likely to be higher than in other pools of student loans without similar numbers of in-school consolidation loans.  See Appendix A to the preliminary remarketing memorandum.

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GEOGRAPHIC DISTRIBUTION OF THE TRUST STUDENT LOANS
AS OF THE STATISTICAL DISCLOSURE DATE

State	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Alabama		152	$	3,025,669		0.7	%
Alaska		38		548,349		0.1
Arizona		396		7,506,067		1.8
Arkansas		157		2,799,795		0.7
California		2,494		45,477,015		10.8
Colorado		401		6,394,100		1.5
Connecticut		343		3,874,866		0.9
Delaware		48		799,998		0.2
District of Columbia		70		1,601,990		0.4
Florida		966		19,517,969		4.6
Georgia		593		10,339,448		2.5
Hawaii		59		1,188,908		0.3
Idaho		88		1,656,082		0.4
Illinois		826		11,825,315		2.8
Indiana		437		7,368,511		1.7
Iowa		92		1,581,989		0.4
Kansas		237		2,964,024		0.7
Kentucky		209		3,186,789		0.8
Louisiana		658		9,695,449		2.3
Maine		57		910,982		0.2
Maryland		446		8,220,281		2.0
Massachusetts		638		8,770,221		2.1
Michigan		615		10,838,839		2.6
Minnesota		279		3,312,610		0.8
Mississippi		96		1,820,941		0.4
Missouri		427		6,688,005		1.6
Montana		33		660,063		0.2
Nebraska		41		562,737		0.1
Nevada		143		2,761,888		0.7
New Hampshire		106		1,243,613		0.3
New Jersey		670		12,763,765		3.0
New Mexico		81		1,294,367		0.3
New York		2,485		34,481,461		8.2
North Carolina		464		9,006,231		2.1
North Dakota		4		33,525		*
Ohio		3,226		59,876,040		14.2
Oklahoma		564		8,542,996		2.0
Oregon		389		5,645,461		1.3
Pennsylvania		719		13,349,601		3.2
Rhode Island		44		849,493		0.2
South Carolina		193		3,985,257		0.9
South Dakota		25		398,912		0.1
Tennessee		403		5,387,544		1.3
Texas		3,040		46,615,730		11.1
Utah		81		3,053,473		0.7
Vermont		50		931,954		0.2
Virginia		574		8,716,758		2.1
Washington		716		10,175,023		2.4
West Virginia		75		1,291,709		0.3
Wisconsin		283		4,321,070		1.0
Wyoming		8		100,104		*
Other		170		3,155,505		0.7
Total		25,409	$	421,118,493		100.0	%

*     Represents a percentage greater than 0% but less than 0.05%.

A-8 2004‑1

We have based the geographic distribution shown in the table on the billing addresses of the borrowers of the trust student loans shown on the servicer’s records as of the statistical disclosure date.

Each of the trust student loans provides or will provide for the amortization of its outstanding principal balance over a series of regular payments.  Except as described below, each regular payment consists of an installment of interest which is calculated on the basis of the outstanding principal balance of the trust student loan.  The amount received is applied first to interest accrued to the date of payment and the balance of the payment, if any, is applied to reduce the unpaid principal balance.  Accordingly, if a borrower pays a regular installment before its scheduled due date, the portion of the payment allocable to interest for the period since the preceding payment was made will be less than it would have been had the payment been made as scheduled, and the portion of the payment applied to reduce the unpaid principal balance will be correspondingly greater.  Conversely, if a borrower pays a monthly installment after its scheduled due date, the portion of the payment allocable to interest for the period since the preceding payment was made will be greater than it would have been had the payment been made as scheduled, and the portion of the payment applied to reduce the unpaid principal balance will be correspondingly less.

In either case, subject to any applicable deferment periods or forbearance periods, and except as provided below, the borrower pays a regular installment until the final scheduled payment date, at which time the amount of the final installment is increased or decreased as necessary to repay the then outstanding principal balance of that trust student loan.

The servicer makes available to borrowers of student loans it holds (including the trust student loans) payment terms that may result in the lengthening of the remaining term of the student loans.  For example, not all of the loans sold to the trust provide for level payments throughout the repayment term of the loans.  Some student loans provide for interest only payments to be made for a designated portion of the term of the loans, with amortization of the principal of the loans occurring only when payments increase in the latter stage of the term of the loans.  Other loans provide for a graduated phase in of the amortization of principal with a greater portion of principal amortization being required in the latter stages than would be the case if amortization were on a level payment basis.  The servicer also offers an income-sensitive repayment plan, under which repayments are based on the borrower’s income.  Under that plan, ultimate repayment may be delayed up to five years.  Borrowers under trust student loans will continue to be eligible for the graduated payment and income-sensitive repayment plans.  These programs are applicable to the trust student loans and may be offered by the servicer to related borrowers at its discretion.

The following table provides certain information about trust student loans subject to the repayment terms described in the preceding paragraphs.

A-9 2004‑1

DISTRIBUTION OF THE TRUST STUDENT LOANS BY REPAYMENT

TERMS AS OF THE STATISTICAL DISCLOSURE DATE

Loan Repayment Terms	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Level Repayment		13,169	$	178,424,167		42.4	%
Other Repayment Options(1)		9,858		170,468,892		40.5
Income-driven Repayment(2)		2,382		72,225,434		17.2
Total		25,409	$	421,118,493		100.0	%

(1)  Includes, among others, graduated repayment and interest-only period loans.

(2) Includes income sensitive and income based repayment.

With respect to interest-only loans, as of the statistical disclosure date, there are 139 loans with an aggregate outstanding principal balance of $6,403,871 currently in an interest-only period.  These interest-only loans represent approximately 1.5% of the aggregate outstanding principal balance of the trust student loans.  Interest-only periods range up to 48 months in overall length.

The servicer may in the future offer repayment terms similar to those described above to borrowers of trust student loans who are not entitled to these repayment terms as of the statistical disclosure date.  If repayment terms are offered to and accepted by those borrowers, the weighted average life of the securities could be lengthened.

DISTRIBUTION OF THE TRUST STUDENT LOANS BY LOAN

TYPE AS OF THE STATISTICAL DISCLOSURE DATE

Loan Type	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
Subsidized		12,737	$	172,212,521		40.9	%
Unsubsidized		12,672		248,905,972		59.1
Total		25,409	$	421,118,493		100.0	%

A-10 2004‑1

The following table provides information about the trust student loans regarding date of disbursement.

DISTRIBUTION OF THE TRUST STUDENT LOANS

BY DATE OF DISBURSEMENT AS OF

THE STATISTICAL DISCLOSURE DATE

Disbursement Date	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
September 30, 1993 and earlier		14	$	513,760		0.1	%
October 1, 1993 through June 30, 2006		25,395		420,604,733		99.9
July 1, 2006 and later		0		0		0.0
Total		25,409	$	421,118,493		100.0	%

Guaranty Agencies for the Trust Student Loans.  The eligible lender trustee has entered into a separate guarantee agreement with each of the guaranty agencies listed below, under which each of the guarantors has agreed to serve as guarantor for specified trust student loans.

The following table provides information with respect to the portion of the trust student loans guaranteed by each guarantor.

DISTRIBUTION OF THE TRUST STUDENT LOANS

BY GUARANTY AGENCY AS OF

THE STATISTICAL DISCLOSURE DATE

Name of Guaranty Agency	Number of Loans		Aggregate Outstanding Principal Balance		Percent of Pool by Outstanding Principal Balance
American Student Assistance		634	$	8,072,696		1.9	%
College Assist		1		2,619		*
Educational Credit Management Corporation		715		11,063,003		2.6
Great Lakes Higher Education Corporation		10,340		218,968,874		52.0
Illinois Student Assistance Comm		782		8,603,780		2.0
Kentucky Higher Educ. Asst. Auth.		1,882		22,229,566		5.3
Louisiana Office Of Student Financial Asst		433		5,539,727		1.3
Michigan Guaranty Agency		477		7,393,615		1.8
New York State Higher Ed Services Corp		5,178		65,550,923		15.6
Oklahoma Guaranteed Stud Loan Prog		387		5,531,756		1.3
Pennsylvania Higher Education Assistance Agency		1,659		24,794,654		5.9
Texas Guaranteed Student Loan Corp		2,921		43,367,280		10.3
Total		25,409	$	421,118,493		100.0	%

*     Represents a percentage greater than 0% but less than 0.05%.

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