8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

_______________________________

FORM 8-K

_______________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date earliest event reported):  October 13, 2022

_______________________________

SLM Student Loan Trust 2004-1
(Exact name of issuer as specified in its charter)

_______________________________

DELAWARE	333-104887/ 333-104887-07	04-3480392
(State or other jurisdiction	(Commission File Numbers)	(I.R.S. Employer
of formation)		Identification No.)
	c/o Deutsche Bank Trust Company Americas 60 Wall Street, 16th Floor Mail Stop NYC60-1625 New York, New York 10005
	(Address of registrant’s principal executive offices)

Registrant’s telephone number including area code:  (703) 984-5858

______________________________________________

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

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  [  ]  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [  ]

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Not Applicable	Not Applicable	Not Applicable

Exhibit Index appears on page 3

Item 8.01          Other Events

On October 13, 2022, Navient Solutions, LLC, in its capacity as administrator, furnished to the remarketing agent a preliminary remarketing memorandum (the “Remarketing Memorandum”) for distribution to certain qualified institutional buyers for purposes of remarketing the SLM Student Loan Trust 2004-1 Class A-6 Reset Rate Notes. The Remarketing Memorandum included tables which provide a description of the SLM Student Loan Trust 2004-1 student loan pool as of August 31, 2022. These tables are attached as an exhibit to this current report.

Item 9.01          Financial Statements, Pro Forma Financial Statements and Exhibits

(a)	Not applicable
(b)	Not applicable
(c)	Not applicable
(d)	Exhibits
99.1	Tables showing SLM Student Loan Trust 2004-1 Pool Information as of August 31, 2022.

SIGNATURES

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

	SLM STUDENT LOAN TRUST 2004-1
	By:  NAVIENT SOLUTIONS, LLC, in its capacity as administrator of the Trust
Dated:  October 13, 2022	By:	/s/  C. Scott Booher
		Name:  C. Scott Booher
		Title:     Vice President

2

SLM STUDENT LOAN TRUST 2004-1

Form 8-K

CURRENT REPORT

INDEX TO EXHIBITS

Exhibit
Number	Description
99.1	Tables Showing SLM Student Loan Trust 2004-1 Pool Information as of August 31, 2022.

3

EX-99.1

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 August 31, 2022, 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 $1,140,897 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, 5 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 

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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.

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	$	349,791,920
Aggregate Outstanding Principal Balance – Treasury Bill	$	10,929,161
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill		3.12	%
Aggregate Outstanding Principal Balance – One-Month LIBOR	$	338,862,759
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR		96.88	%
Number of Borrowers		11,488
Average Outstanding Principal Balance Per Borrower	$	30,448
Number of Loans		20,845
Average Outstanding Principal Balance Per Loan – Treasury Bill	$	52,798
Average Outstanding Principal Balance Per Loan – One-Month LIBOR	$	16,419
Weighted Average Remaining Term to Scheduled Maturity	167 months
Weighted Average Annual Interest Rate		4.41	%

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 3.11% 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.

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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%		4,890	$	71,783,316		20.5	%
3.01% to 3.50%		3,752		55,329,429		15.8
3.51% to 4.00%		4,083		59,291,746		17.0
4.01% to 4.50%		4,815		72,270,007		20.7
4.51% to 5.00%		951		17,172,486		4.9
5.01% to 5.50%		312		6,905,622		2.0
5.51% to 6.00%		258		5,900,269		1.7
6.01% to 6.50%		400		10,547,708		3.0
6.51% to 7.00%		454		11,825,213		3.4
7.01% to 7.50%		196		5,956,901		1.7
7.51% to 8.00%		309		9,087,465		2.6
8.01% to 8.50%		351		18,194,199		5.2
Equal to or greater than 8.51%		74		5,527,558		1.6
Total		20,845	$	374,067,421		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.

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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		2,218	$	5,275,185		1.5	%
$5,000.00-$ 9,999.99		1,699		12,613,101		3.6
$10,000.00-$14,999.99		1,292		16,023,880		4.6
$15,000.00-$19,999.99		1,055		18,375,578		5.3
$20,000.00-$24,999.99		823		18,457,503		5.3
$25,000.00-$29,999.99		665		18,201,568		5.2
$30,000.00-$34,999.99		601		19,463,170		5.6
$35,000.00-$39,999.99		437		16,401,822		4.7
$40,000.00-$44,999.99		332		14,083,114		4.0
$45,000.00-$49,999.99		287		13,641,944		3.9
$50,000.00-$54,999.99		255		13,365,278		3.8
$55,000.00-$59,999.99		228		13,064,767		3.7
$60,000.00-$64,999.99		208		12,967,903		3.7
$65,000.00-$69,999.99		162		10,925,218		3.1
$70,000.00-$74,999.99		140		10,147,942		2.9
$75,000.00-$79,999.99		124		9,623,233		2.8
$80,000.00-$84,999.99		107		8,805,696		2.5
$85,000.00-$89,999.99		104		9,104,965		2.6
$90,000.00-$94,999.99		82		7,576,484		2.2
$95,000.00-$99,999.99		71		6,929,648		2.0
$100,000.00 and above		598		94,743,922		27.1
Total		11,488	$	349,791,920		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		19,616	$	322,000,030		92.1	%
31-60 days		449		8,588,794		2.5
61-90 days		222		5,666,313		1.6
91-120 days		146		3,573,722		1.0
121-150 days		104		2,495,228		0.7
151-180 days		77		1,615,119		0.5
181-210 days		47		1,531,861		0.4
Greater than 210 days		184		4,320,835		1.2
Total		20,845	$	349,791,920		100.0	%

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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		62	$	17,781		*
4 to 12		297		243,470		0.1	%
13 to 24		1,841		2,530,231		0.7
25 to 36		1,160		3,265,400		0.9
37 to 48		866		3,466,833		1.0
49 to 60		752		4,247,362		1.2
61 to 72		836		5,539,645		1.6
73 to 84		2,624		17,398,727		5.0
85 to 96		967		9,838,470		2.8
97 to 108		845		10,002,715		2.9
109 to 120		734		10,051,320		2.9
121 to 132		1,205		20,963,181		6.0
133 to 144		3,114		57,621,831		16.5
145 to 156		1,244		30,044,630		8.6
157 to 168		881		24,426,417		7.0
169 to 180		903		29,757,749		8.5
181 to 192		649		23,088,008		6.6
193 to 204		481		20,176,228		5.8
205 to 216		344		14,049,719		4.0
217 to 228		239		11,575,100		3.3
229 to 240		139		6,195,681		1.8
241 to 252		98		4,811,598		1.4
253 to 264		79		4,724,092		1.4
265 to 276		83		4,905,643		1.4
277 to 288		57		3,078,115		0.9
289 to 300		101		7,017,941		2.0
301 to 312		159		12,596,253		3.6
313 to 324		15		912,541		0.3
325 to 336		12		868,304		0.2
337 to 348		21		1,664,205		0.5
349 to 360		20		2,277,166		0.7
361 and above		17		2,435,563		0.7
Total		20,845	$	349,791,920		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		368	$	7,662,310		2.2	%
Forbearance*		1,180		30,089,428		8.6
Repayment
First year in repayment		108		5,324,911		1.5
Second year in repayment		115		4,504,907		1.3
Third year in repayment		139		5,495,566		1.6
More than 3 years in repayment		18,935		296,714,798687		84.8
Total		20,845	$	349,791,920		100.0	%

* Of the trust student loans in forbearance status, approximately 45 loans with an aggregate outstanding principal balance of $772,035, representing 0.22% 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 154.4 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.

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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	20.4	-	201.2
Forbearance	-	8.1	192.3
Repayment	-	-	161.9

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 $7,662,310 aggregate outstanding principal balance of the trust student loans in deferment as of the statistical disclosure date, $5,515,763 or approximately 72.0% 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		120	$	2,639,329		0.8	%
Alaska		30		326,957		0.1
Arizona		329		6,135,574		1.8
Arkansas		135		2,358,100		0.7
California		2,060		37,896,671		10.8
Colorado		340		5,523,612		1.6
Connecticut		270		3,041,925		0.9
Delaware		39		530,868		0.2
District of Columbia		57		1,441,295		0.4
Florida		839		16,685,023		4.8
Georgia		510		8,637,455		2.5
Hawaii		51		943,226		0.3
Idaho		71		1,285,413		0.4
Illinois		672		9,988,192		2.9
Indiana		350		6,164,278		1.8
Iowa		83		1,455,807		0.4
Kansas		188		2,425,570		0.7
Kentucky		180		2,730,129		0.8
Louisiana		539		8,026,920		2.3
Maine		47		776,137		0.2
Maryland		345		6,486,842		1.9
Massachusetts		495		6,856,769		2.0
Michigan		522		9,448,294		2.7
Minnesota		218		2,803,089		0.8
Mississippi		83		1,462,795		0.4
Missouri		339		5,504,388		1.6
Montana		30		585,322		0.2
Nebraska		22		348,042		0.1
Nevada		128		2,565,391		0.7
New Hampshire		87		1,039,561		0.3
New Jersey		554		10,262,611		2.9
New Mexico		61		1,148,321		0.3
New York		2,017		28,745,176		8.2
North Carolina		371		7,306,056		2.1
North Dakota		2		31,045		*
Ohio		2,641		51,270,009		14.7
Oklahoma		463		6,924,115		2.0
Oregon		311		4,477,093		1.3
Pennsylvania		574		10,565,158		3.0
Rhode Island		36		707,992		0.2
South Carolina		165		3,084,457		0.9
South Dakota		17		365,656		0.1
Tennessee		324		4,335,812		1.2
Texas		2,588		38,911,900		11.1
Utah		69		2,571,408		0.7
Vermont		47		591,032		0.2
Virginia		459		7,167,126		2.0
Washington		543		8,181,892		2.3
West Virginia		55		844,691		0.2
Wisconsin		215		3,304,680		0.9
Wyoming		6		83,086		*
Other		148		2,799,631		0.8
Total		20,845	$	349,791,920		100.0	%

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

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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.

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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		10,715	$	148,827,917		42.5	%
Other Repayment Options(1)		8,176		139,514,324		49.9
Income-driven Repayment(2)		1,954		61,449,678		17.6
Total		20,845	$	349,791,920		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 116 loans with an aggregate outstanding principal balance of $5,464,859 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		10,440	$	142,731,997		40.8	%
Unsubsidized		10,405		207,059,923		59.2
Total		20,845	$	349,791,920		100.0	%

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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		13	$	503,344		0.1	%
October 1, 1993 through June 30, 2006		20,832		349,286,576		99.9
July 1, 2006 and later		0		0		0.0
Total		20,845	$	349,791,920		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		488	$	6,735,659		1.9	%
College Assist		1		247		*
Educational Credit Management Corporation		1,194		16,767,300		4.8
Great Lakes Higher Education Corporation		8,491		179,725,171		51.4
Kentucky Higher Educ. Asst. Auth.		1,542		18,378,092		5.3
Louisiana Office Of Student Financial Asst		368		4,794,128		1.4
Michigan Guaranty Agency		401		6,222,919		1.8
New York State Higher Ed Services Corp		4,253		54,620,056		15.6
Oklahoma Guaranteed Stud Loan Prog		321		4,587,650		1.3
Pennsylvania Higher Education Assistance Agency		1,331		20,990,982		6.0
Texas Guaranteed Student Loan Corp		2,455		36,969,716		10.6
Total		20,845	$	349,791,920		100.0	%

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

A-11

2004‑1