SLM Student Loan Trust 2002-2 Quarterly Servicing Report

Collection Period 04/01/2005 - 06/30/2005 Distribution Date 07/25/2005

Indenture Trustee: Deutsche Bank

I. Deal Parameters



A	Student Loan Portfolio Characteristics		03/28/2002			03/31/2005			06/30/2005

	Principal Balance		$	1,972,490,629.16		$	764,792,508.40		$	666,503,917.09
	Interest to be Capitalized Balance			28,803,983.71			9,825,198.82			8,015,994.14

	Pool Balance		$	2,001,294,612.87		$	774,617,707.22		$	674,519,911.23
	Specified Reserve Account Balance			5,003,237.00			- N/A -			- N/A -

	Adjusted Pool (1)		$	2,006,297,849.87		$	774,617,707.22		$	674,519,911.23

	Weighted Average Coupon (WAC)			5.93	%		3.41	%		3.42	%
	Weighted Average Remaining Term			126.00			106.22			104.50
	Number of Loans			458,352			231,779			208,653
	Number of Borrowers			268,414			140,393			126,671

	Since Issued CPR						21.62	%		23.29	%

(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	04/25/2005						07/25/2005

	A1	78442GDK9	$	—					$	—
	A2	78442GDL7	$	713,228,707.22					$	613,130,911.23
	B	78442GDM5	$	61,389,000.00					$	61,389,000.00


C	Account Balances		04/25/2005						07/25/2005

	Reserve Account Balance		$	2,001,295.00					$	2,001,295.00


D	Asset/Liability		04/25/2005						07/25/2005

	Adjusted Pool Balance		$	774,617,707.22					$	674,519,911.23
	Total Notes		$	774,617,707.22					$	674,519,911.23
	Difference		$	—					$	—

	Parity Ratio			1.00000						1.00000

Page 1 of 8

II. Trust Activity 04/01/2005 through 06/30/2005


A	Student Loan Principal Receipts
		Borrower Principal		14,177,934.08
		Guarantor Principal		9,989,188.38
		Consolidation Activity Principal		77,504,601.23
		Seller Principal Reimbursement		—
		Servicer Principal Reimbursement		1,209.25
		Rejected Claim Repurchased Principal		20,439.78
		Other Principal Deposits		11,972.84

		Total Principal Receipts	$	101,705,345.56

B	Student Loan Interest Receipts
		Borrower Interest		2,761,464.00
		Guarantor Interest		213,000.55
		Consolidation Activity Interest		991,623.84
		Special Allowance Payments		2,565,637.00
		Interest Subsidy Payments		765,779.25
		Seller Interest Reimbursement		634.17
		Servicer Interest Reimbursement		45,719.79
		Rejected Claim Repurchased Interest		972.80
		Other Interest Deposits		296,025.45

		Total Interest Receipts	$	7,640,856.85

C	Investment Income		$	519,511.66

D	Funds Borrowed from Next Collection Period		$	—

E	Funds Repaid from Prior Collection Period		$	—

F	Loan Sale or Purchase Proceeds		$	—

G	Initial Deposits to Collection Account		$	—

H	Other Deposits		$	32,853.58

I	Less: Funds Previously Remitted:
		Servicing Fees	$	(1,125,311.47	)
		Consolidation Loan Rebate Fees	$	—

		Total Funds Previously Remitted	$	(1,125,311.47	)


J	AVAILABLE FUNDS		$	108,773,256.18


K	Non-Cash Principal Activity During Collection Period		$	(3,416,754.25	)

L	Non-Reimbursable Losses During Collection Period		$	841.88

M	Aggregate Purchased Amounts by the Depositor, Servicer or Seller		$	26,884.58

N	Aggregate Loan Substitutions		$	—

Trust 2002-2 Quarterly Servicing Report Collection Period 04/01/2005 — 06/30/2005, Distribution Date 07/25/2005

Page 2 of 8

III. 2002-2 Portfolio Characteristics


		06/30/2005										03/31/2005
		WAC			# Loans		Principal		% of Principal			WAC			# Loans		Principal		% of Principal
INTERIM:	IN SCHOOL		2.77	%		13,188	$	40,870,377.46		6.132	%		2.77	%		23,736	$	80,866,665.49		10.574	%

	GRACE		2.77	%		8,903	$	32,249,181.15		4.839	%		2.77	%		6,632	$	20,388,852.57		2.666	%

	DEFERMENT		2.86	%		31,076	$	97,780,006.17		14.671	%		2.87	%		34,331	$	108,191,343.21		14.146	%


REPAYMENT:	CURRENT		3.69	%		97,229	$	304,050,368.09		45.619	%		3.71	%		103,833	$	344,299,485.74		45.019	%

	31-60 DAYS DELINQUENT		3.59	%		8,719	$	27,457,572.06		4.120	%		3.62	%		8,595	$	29,096,635.04		3.805	%

	61-90 DAYS DELINQUENT		3.56	%		5,788	$	17,861,056.91		2.680	%		3.57	%		5,699	$	18,632,984.71		2.436	%

	91-120 DAYS DELINQUENT		3.54	%		4,020	$	12,408,041.53		1.862	%		3.52	%		4,093	$	13,089,626.55		1.712	%

	> 120 DAYS DELINQUENT		3.50	%		13,222	$	39,178,581.71		5.878	%		3.49	%		14,232	$	41,531,493.37		5.430	%


	FORBEARANCE		3.54	%		24,470	$	88,935,870.49		13.344	%		3.53	%		28,262	$	102,137,777.29		13.355	%

	CLAIMS IN PROCESS		3.48	%		2,019	$	5,676,096.57		0.852	%		3.49	%		2,358	$	6,539,064.61		0.855	%

	AGED CLAIMS REJECTED		3.37	%		19	$	36,764.95		0.006	%		3.37	%		8	$	18,579.82		0.002	%



TOTAL						208,653	$	666,503,917.09		100.00	%					231,779	$	764,792,508.40		100.00	%

Percentages may not total 100% due to rounding

Trust 2002-2 Quarterly Servicing Report: Collection Period 04/01/2005 — 06/30/2005, Distribution Date 07/25/2005

Page 3 of 8

IV. 2002-2 Portfolio Characteristics (cont’d)


	06/30/2005			03/31/2005
Pool Balance	$	674,519,911.23		$	774,617,707.22
Total # Loans		208,653			231,779
Total # Borrowers		126,671			140,393
Weighted Average Coupon		3.42	%		3.41	%
Weighted Average Remaining Term		104.50			106.22
Non-Reimbursable Losses	$	841.88		$	886.56
Cumulative Non-Reimbursable Losses	$	1,380,516.50		$	1,379,674.62
Since Issued CPR		23.29	%		21.62	%
Loan Substitutions	$	—		$	—
Cumulative Loan Substitutions	$	—		$	—
Rejected Claim Repurchases	$	21,412.58		$	34,679.21
Cumulative Rejected Claim Repurchases	$	211,826.49		$	190,413.91
Cumulative Claims Filed	$	111,950,540.32		$	102,129,484.80
Unpaid Primary Servicing Fees	$	—		$	—
Unpaid Administration Fees	$	—		$	—
Unpaid Carryover Servicing Fees	$	—		$	—
Note Principal Shortfall	$	—		$	—
Note Interest Shortfall	$	—		$	—
Unpaid Interest Carryover	$	—		$	—
Borrower Interest Accrued	$	5,402,223.60		$	6,010,742.12
Interest Subsidy Payments Accrued	$	693,437.54		$	756,841.86
Special Allowance Payments Accrued	$	2,904,927.32		$	2,559,075.75

Trust 2002-2 Quarterly Servicing Report: Collection Period 04/01/2005 — 06/30/2005, Distribution Date 07/25/2005

Page 4 of 8

V. 2002-2 Portfolio Statistics by School and Program


A	LOAN TYPE	WAC			# LOANS		$ AMOUNT		% *

	- GSL - Subsidized		3.17	%		105,882	$	265,215,742.10		39.792	%
	- GSL - Unsubsidized		3.16	%		73,869		234,524,452.44		35.187	%
	- PLUS Loans		4.17	%		28,902		166,763,722.55		25.021	%
	- SLS Loans		0.00	%		0		0.00		0.000	%
	- Consolidation Loans		0.00	%		0		0.00		0.000	%

	Total		3.42	%		208,653	$	666,503,917.09		100.000	%


B	SCHOOL TYPE	WAC			# LOANS		$ AMOUNT		% *

	- Four Year		3.42	%		150,391	$	534,143,776.19		80.141	%
	- Two Year		3.36	%		35,440		78,145,718.05		11.725	%
	- Technical		3.45	%		22,822		54,214,422.85		8.134	%
	- Other		0.00	%		0		0.00		0.000	%

	Total		3.42	%		208,653	$	666,503,917.09		100.000	%

* Percentages may not total 100% due to rounding.

Trust 2002-2 Quarterly Servicing Report: Collection Period 04/01/2005 — 06/30/2005, Distribution Date 07/25/2005

Page 5 of 8

VI. 2002-2 Waterfall for Distributions


				Remaining
		Paid		Funds Balance
Total Available Funds				$	108,773,256.18
A	Primary Servicing Fee	$	532,942.90	$	108,240,313.28
B	Administration Fee	$	20,000.00	$	108,220,313.28
C	Class A Noteholders’ Interest Distribution Amount	$	5,932,623.11	$	102,287,690.17
D	Class B Noteholders’ Interest Distribution Amount	$	557,185.88	$	101,730,504.29
E	Class A Noteholders’ Principal Distribution Amount	$	100,097,795.99	$	1,632,708.30
F	Class B Noteholders’ Principal Distribution Amount	$	—	$	1,632,708.30
G	Reserve Account Reinstatement	$	—	$	1,632,708.30
H	Carryover Servicing Fee	$	—	$	1,632,708.30
I	Excess Distribution	$	1,632,708.30	$	—

Trust 2002-2 Quarterly Servicing Report: Collection Period 04/01/2005 — 06/30/2005, Distribution Date 07/25/2005

Page 6 of 8

VII. 2002-2 Distributions


Distribution Amounts	A2			B

Cusip/Isin	78442GDL7			78442GDM5
Beginning Balance	$	713,228,707.22		$	61,389,000.00
Index	LIBOR			LIBOR
Spread/Fixed Rate	0.13		%	0.43		%
Record Date	1 NEW YORK BUSINESS DAY			1 NEW YORK BUSINESS DAY
Accrual Period Begin	04/25/2005			04/25/2005
Accrual Period End	07/25/2005			07/25/2005
Daycount Fraction		0.25277778			0.25277778
Interest Rate		3.29063	%		3.59063	%
Accrued Interest Factor		0.008317981			0.009076315
Current Interest Due	$	5,932,623.11		$	557,185.88
Interest Shortfall from Prior Period Plus Accrued Interest	$	—		$	—
Total Interest Due	$	5,932,623.11		$	557,185.88
Interest Paid	$	5,932,623.11		$	557,185.88
Interest Shortfall	$	—		$	—
Carryover Interest Shortfall from Prior Period Plus Accrued Interest	$	—		$	—
Current Interest Carryover Due	$	—		$	—
Interest Carryover Paid	$	—		$	—
Unpaid Interest Carryover	$	—		$	—
Principal Paid	$	100,097,795.99		$	—
Ending Principal Balance	$	613,130,911.23		$	61,389,000.00
Paydown Factor		0.110039901			0.000000000
Ending Balance Factor		0.674029474			1.000000000

Trust 2002-2 Quarterly Servicing Report: Collection Period 04/01/2005 — 06/30/2005, Distribution Date 07/25/2005

Page 7 of 8

VIII. 2002-2 Reconciliations


A	Principal Distribution Reconciliation
	Prior Adjusted Pool Balance	$	774,617,707.22
	Current Adjusted Pool Balance	$	674,519,911.23
	Current Principal Due	$	100,097,795.99
	Principal Shortfall from Previous Collection Period	$	—
	Principal Distribution Amount	$	100,097,795.99

	Principal Paid	$	100,097,795.99
	Principal Shortfall	$	—

B	Reserve Account Reconciliation
	Beginning Period Balance	$	2,001,295.00
	Reserve Funds Utilized		0.00
	Reserve Funds Reinstated		0.00
	Excess Distribution Deposit		1,632,708.30

	Balance Available	$	3,634,003.30
	Required Reserve Acct Balance	$	2,001,295.00
	Release to Excess Distribution Certificateholder	$	1,632,708.30
	Ending Reserve Account Balance	$	2,001,295.00


Page 8 of 8		Trust 2002-2 Quarterly Servicing Report: Collection Period 04/01/2005 - 06/30/2005, Distribution Date 07/25/2005

SLM Student Loan Trust 2002-2 8-K