I. SLC TRUST 2009-01 Deal Parameters

			Student Portfolio Characteristics					7/31/2009			Activity			10/31/2009
	A	i	Portfolio Balance					$	572,489,841.15		$	18,284,768.30		$	554,205,072.85
		ii	Interest to be Capitalized					$	13,351,654.70					$	12,371,159.41
		iii	Total Pool					$	585,841,495.85					$	566,576,232.26
		iv	Specified Reserve Account Balance					$	1,464,603.74					$	1,416,440.58
		v	Capitalized Interest Account Balance					$	4,300,000.00					$	4,300,000.00
		vi	Total Adjusted Pool					$	591,606,099.59					$	572,292,672.84

	B	i	Pool Balance as a Percent of Original Pool Balance						96.82	%					93.63	%
		ii	Weighted Average Coupon (WAC)						2.203	%					2.199	%
		iii	Weighted Average Remaining Term*						129.79						129.83
		iv	Number of Loans						159,577						155,344
		v	Number of Borrowers						57,672						56,244
		vi	Average Outstanding Principal Balance					$	575,050,368.87					$	563,347,457.00

			Notes	CUSIP	Spread			Balance			Pool Factor			Balance			Pool Factor
								8/17/2009			8/17/2009			11/16/2009			11/16/2009
	C	i	A1 Notes	78444QAA0		1.750	%	$	171,445,489.63			0.9217499		$	154,063,405.56			0.8282979
		ii	A2 Notes	78444QAB8		2.500	%	$	361,000,000.00			1.0000000		$	361,000,000.00			1.0000000

			Total Balances					$	532,445,489.63					$	515,063,405.56
			Specified Overcollateralization Amount					$	59,160,609.96					$	57,229,267.28
			Specified Overcollateralization Percentage						10.00	%					10.00	%

			Reserve Account					8/17/2009			Activity			11/16/2009
	D	i	Required Reserve Acc Deposit (%)						0.25	%					0.25	%
		ii	Reserve Acct Initial Deposit ($)					$	1,509,642.00		$	-		$	1,509,642.00
		iii	Specified Reserve Acct Balance ($)					$	1,464,603.74		$	(48,163.16	)	$	1,416,440.58
		iv	Reserve Account Floor Balance ($)					$	905,785.00		$	-		$	905,785.00
		v	Current Reserve Acct Balance ($)					$	1,464,603.74		$	(48,163.16	)	$	1,416,440.58

			Capitalized Interest Account					8/17/2009			Activity			11/16/2009
	E	i	Capitalized Interest Account Balance					$	4,300,000.00		$	-		$	4,300,000.00




* Prior period weighted average remaining term has been adjusted to conform to current period methodology.


II. SLC TRUST 2009-01 Distributions


							Interest
			Quarterly		Quarterly				Interest		Interest
Class		CUSIP	Interest		Interest		Interest		Carryover		Carryover		Interest		Interest		Rate			Next
			Due		Paid		Shortfall		Due		Paid		Carryover		Factor					Rate
	A1	78444QAA0	$	949,093.66	$	949,093.66	$	-	$	-	$	-	$	-		5.1026540860		2.19000	%	2.02250	%
	A2	78444QAB8	$	2,682,831.67	$	2,682,831.67	$	-	$	-	$	-	$	-		7.4316666759		2.94000	%	2.77250	%
													$	-
TOTAL			$	3,631,925.33	$	3,631,925.33	$	-	$	-	$	-	$	-



															CUR LIBOR			0.440000	%
			Quarterly		Quarterly									NEXT LIBOR				0.272500	%
Class		CUSIP	Principal		Principal		Principal
			Due		Paid		Factor
	A1	78444QAA0	$	17,382,084.08	$	17,382,084.08		93.4520649194
	A2	78444QAB8	$	-	$	-		0.0000000000

TOTAL			$	17,382,084.08	$	17,382,084.08

III. SLC TRUST 2009-01 Transactions from: 08/01/2009 through 10/31/2009

	A	Student Loan Principal Activity
		i	Regular Principal Collections	$	16,371,396.17
		ii	Principal Collections from Guarantor	$	4,258,572.36
		iii	Disbursements, Cancellations and Repurchases	$	3,887.54
		iv	Other System Adjustments	$	-
		v	Total Principal Collections	$	20,633,856.07

	B	Student Loan Non-Cash Principal Activity
		i	Other Adjustments	$	(282,616.85)
		ii	Capitalized Interest	$	(2,066,470.92)
		iii	Total Non-Cash Principal Activity	$	(2,349,087.77)


	C	Total Student Loan Principal Activity		$	18,284,768.30

	D	Student Loan Interest Activity
		i	Regular Interest Collections	$	1,091,293.48
		ii	Interest Claims Received from Guarantors	$	161,855.46
		iii	Collection Fees / Returned Items	$	-
		iv	Late Fee Reimbursements	$	70,820.98
		v	Interest Reimbursements	$	-
		vi	Other System Adjustments	$	-
		vii	Special Allowance Payments	$	215,663.77
		viii	Subsidy Payments	$	581,071.09
		ix	Lender Fee from DOE	$	116.24
		x	Total Interest Collections	$	2,120,821.02

	E	Student Loan Non-Cash Interest Activity
		i	Interest Accrual Adjustments	$	(2,087,025.25)
		ii	Government Interest Accrual Adjustments	$	(720,171.18)
		iii	Capitalized Interest	$	2,066,470.92
		iv	Total Non-Cash Interest Adjustments	$	(740,725.51)

	F	Total Student Loan Interest Activity		$	1,380,095.51

IV. SLC TRUST 2009-01				Collection Account Activity 08/01/2009 through 10/31/2009

	A	Principal Collections
		i	Principal Payments Received		$	5,145,414.68
		ii	Principal Collections from Guarantor		$	4,258,572.36
		iii	Consolidation Principal Payments		$	11,225,981.49
		iv	Reimbursements by Seller		$	-
		v	Borrower Benefits Reimbursements		$	-
		vi	Reimbursements by Servicer		$	-
		vii	Disbursements, Cancellations and Repurchases		$	3,887.54
		viii	Total Principal Collections		$	20,633,856.07

	B	Interest Collections
		i	Interest Payments Received		$	1,761,705.80
		ii	Interest Claims Received from Guarantors		$	161,855.46
		iii	Consolidation Interest Payments		$	126,438.78
		iv	Reimbursements by Seller		$	-
		v	Borrower Benefits Reimbursements		$	-
		vi	Reimbursements by Servicer		$	-
		vii	Re-purchased Interest		$	-
		viii	Collection Fees / Returned Items		$	-
		ix	Late Fees		$	70,820.98
		x	Total Interest Collections		$	2,120,821.02

	C	Other Reimbursements			$	-

	D	Reserves in Excess of Reserve Requirement			$	48,163.16

	E	Interest Rate Cap Proceeds			$	-

	F	Trust Account Investment Income			$	$8,422.91

	G	Administrator Account Investment Income			$	-

	H	Capitalized Interest Account Balance to be released			$	-

		TOTAL FUNDS RECEIVED			$	22,811,263.16
		LESS FUNDS PREVIOUSLY REMITTED/SET ASIDE:
		i	Consolidation Loan Rebate Fees		$	-


	I	TOTAL AVAILABLE FUNDS			$	22,811,263.16

	J	Servicing Fees Due for Current Period			$	557,280.75

	K	Carryover Servicing Fees Due			$	-

	L	Total Fees Due for Period			$	557,280.75

V. SLC TRUST 2009-01				Waterfall for Distributions

	A	Total Available Funds (IV-H)			$	22,811,263.16

	B	Trustee Fees			$	-

	C	Administration Fee			$	20,000.00

	D	Primary Servicing Fees			$	557,280.75

	E	Class A Noteholders' Interest Distribution Amount Paid
		i	Class A-1		$	949,093.66
		ii	Class A-2		$	2,682,831.67
		v	Total Noteholder's Interest Distribution		$	3,631,925.33


	F	Class A Noteholder's Principal Distribution Amount Paid
		i	Class A-1		$	17,382,084.08
		ii	Class A-2		$	-
		v	Total Class A Noteholder's Principal Distribution		$	17,382,084.08


	G	Increase to the Reserve Account Balance			$	-

	H	Carryover Servicing Fees			$	-

	I	Additional fees due: (to the Trustees (not covered above), to				-
		the paying agent in Ireland and to the Irish Stock Exchange.)

	J	Any amounts owing to an interest rate derivative			$	-
		counterparty under an interest rate derivative agreement

	K	To the Trust Certificate, any remaining amounts			$	1,219,973.00

VI. SLC TRUST 2009-01 Historical Pool Information

			02/12/09-04/30/09			05/01/09-07/31/09			08/01/09-10/31/09			11/01/09-01/31/10
	Student Loan Interest Activity
	i	Regular Interest Collections	$	1,379,196.26		$	1,581,950.73		$	1,091,293.48
	ii	Interest Claims Received from Guarantors	$	3,086.37		$	8,312.55		$	161,855.46
	iii	Collection Fees / Returned Items	$	-		$	-		$	-
	iv	Late Fee Reimbursements	$	69,188.23		$	60,519.14		$	70,820.98
	v	Interest Reimbursements	$	-		$	-		$	-
	vi	Other System Adjustments	$	-		$	-		$	-
	vii	Special Allowance Payments	$	10.30		$	175.45		$	215,663.77
	viii	Subsidy Payments	$	698,664.39		$	1,283,116.75		$	581,071.09
	ix	Lender Fee from DOE	$	87.71		$	419.02		$	116.24
	x	Total Interest Collections	$	2,150,233.26		$	2,934,493.64		$	2,120,821.02

	Student Loan Non-Cash Interest Activity
	i	Interest Accrual Adjustments	$	(3,976,557.27	)	$	(3,801,780.11	)	$	(2,087,025.25	)
	ii	Government Interest Accrual Adjustments	$	(1,171,617.16	)	$	(1,136,406.18	)	$	(720,171.18	)
	iii	Capitalized Interest	$	3,983,935.12		$	4,953,333.20		$	2,066,470.92
	iv	Total Non-Cash Interest Adjustments	$	(1,164,239.31	)	$	15,146.91		$	(740,725.51	)
	Total Student Loan Interest Activity		$	985,993.95		$	2,949,640.55		$	1,380,095.51

Beginning Student Loan Portfolio Balance			$	587,285,320.39		$	577,610,896.58		$	572,489,841.15

	Student Loan Principal Activity
	i	Regular Principal Collections	$	12,728,966.82		$	8,725,374.74		$	16,371,396.17
	ii	Principal Collections from Guarantor	$	227,471.61		$	825,410.82		$	4,258,572.36
	iii	Disbursements, Cancellations and Repurchases	$	9,069.01		$	5,503.95		$	3,887.54
	iv	Other System Adjustments	$	-		$	-		$	-
	v	Total Principal Collections	$	12,965,507.44		$	9,556,289.51		$	20,633,856.07

	Student Loan Non-Cash Principal Activity
	i	Other Adjustments	$	692,851.49		$	518,099.12		$	(282,616.85	)
	ii	Capitalized Interest	$	(3,983,935.12	)	$	(4,953,333.20	)	$	(2,066,470.92	)
	iii	Total Non-Cash Principal Activity	$	(3,291,083.63	)	$	(4,435,234.08	)	$	(2,349,087.77	)

(-)	Total Student Loan Principal Activity		$	9,674,423.81		$	5,121,055.43		$	18,284,768.30
(=)	Ending Student Loan Portfolio Balance		$	577,610,896.58		$	572,489,841.15		$	554,205,072.85
(+)	Interest to be Capitalized		$	16,185,526.25		$	13,351,654.70		$	12,371,159.41
(=)	TOTAL POOL		$	593,796,422.83		$	585,841,495.85		$	566,576,232.26
(+)	Reserve Account Balance		$	1,484,491.06		$	1,464,603.74		$	1,416,440.58
(+)	Capitalized Interest Account Balance		$	4,300,000.00		$	4,300,000.00		$	4,300,000.00
(=)	Total Adjusted Pool		$	599,580,913.89		$	591,606,099.59		$	572,292,672.84

VII. SLC TRUST 2009-01				Portfolio Characteristics

	Weighted Avg Coupon						# of Loans				%						Pool Balance					%
STATUS	7/31/2009			10/31/2009			7/31/2009		10/31/2009		7/31/2009			10/31/2009			7/31/2009			10/31/2009		7/31/2009			10/31/2009

REPAYMENT

Current		2.419	%		2.414	%		47,607		46,065		29.833	%		29.654	%	$	153,426,052.44		$	147,770,395.74		26.189	%		26.081	%
1-30 Days Delinquent		2.440	%		2.451	%		10,218		7,587		6.403	%		4.884	%	$	36,392,763.52		$	25,753,107.75		6.212	%		4.545	%
31-60 Days Delinquent		2.423	%		2.460	%		2,900		3,007		1.817	%		1.936	%	$	9,807,052.68		$	10,351,820.33		1.674	%		1.827	%
61-90 Days Delinquent		2.419	%		2.475	%		1,926		2,153		1.207	%		1.386	%	$	6,940,298.90		$	8,137,389.39		1.185	%		1.436	%
91-120 Days Delinquent		2.433	%		2.451	%		1,902		2,883		1.192	%		1.856	%	$	6,939,803.85		$	10,339,976.13		1.185	%		1.825	%
121-150 Days Delinquent		2.477	%		2.451	%		2,115		992		1.325	%		0.639	%	$	7,991,701.18		$	3,438,979.74		1.364	%		0.607	%
151-180 Days Delinquent		2.446	%		2.433	%		1,666		924		1.044	%		0.595	%	$	5,726,336.86		$	3,377,394.99		0.977	%		0.596	%
181-210 Days Delinquent		2.488	%		2.423	%		2,408		1,027		1.509	%		0.661	%	$	8,705,349.83		$	4,054,010.40		1.486	%		0.716	%
211-240 Days Delinquent		2.475	%		2.431	%		3,908		1,128		2.449	%		0.726	%	$	13,996,111.51		$	4,336,350.63		2.389	%		0.765	%
241-270 Days Delinquent		2.511	%		2.469	%		1,902		967		1.192	%		0.622	%	$	6,627,196.43		$	3,322,077.56		1.131	%		0.586	%
> 270 Days Delinquent		2.550	%		2.503	%		1,318		2,666		0.826	%		1.716	%	$	4,580,471.62		$	9,438,634.33		0.782	%		1.666	%

TOTAL REPAYMENT**		2.435	%		2.430	%		77,870		69,399		48.798	%		44.674	%	$	261,133,138.82		$	230,320,136.99		44.574	%		40.651	%

In school		1.904	%		1.907	%		18,379		15,429		11.517	%		9.932	%	$	75,974,187.14		$	61,610,906.28		12.968	%		10.874	%
Grace		1.900	%		1.897	%		7,225		8,543		4.528	%		5.499	%	$	27,817,881.81		$	34,588,190.87		4.748	%		6.105	%
Deferment		1.841	%		1.842	%		35,742		37,520		22.398	%		24.153	%	$	136,461,863.26		$	138,875,266.54		23.293	%		24.511	%
Forbearance		2.441	%		2.442	%		20,035		20,858		12.555	%		13.427	%	$	83,219,690.25		$	89,160,821.11		14.205	%		15.737	%
Claims in Process		2.589	%		2.471	%		326		3,595		0.204	%		2.314	%	$	1,234,734.57		$	12,020,910.47		0.211	%		2.122	%
Aged Claims Rejected		0.000	%		0.000	%		0		0		0.000	%		0.000	%	$	-		$	-		0.000	%		0.000	%

GRAND TOTAL		2.203	%		2.199	%		159,577		155,344		100.000	%		100.000	%		585,841,495.85			566,576,232.26		100.000	%		100.000	%



	VIII. SLC TRUST 2009-01								Payment History and CPRs


				Distribution					Total					Current			Life
				Date					Pool Balances					CPR			CPR


				09-May					$	593,796,422.83					0.54	%		0.54	%
				09-Aug					$	585,841,495.85					-3.34	%		-1.53	%
				09-Nov					$	566,576,232.26					4.32	%		0.56	%
				10-Feb					$	-					0.00	%		0.00	%






** The weighted average coupon for total repayment has been restated for the 7/31/2009 reporting period.

SLC Student Loan Trust 2009-1 10-D