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 SLM ECFC and VG Funding by employing several criteria, including requirements that each trust student loan as of the original cutoff date (and with respect to each additional trust student loan as of its related subsequent cutoff date):

•

was a consolidation loan 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 fully disbursed;

•

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, 2023, 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 $2,961,030 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 periods.

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.

A-1

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	$	648,633,075
Aggregate Outstanding Principal Balance – Treasury Bill	$	35,240,324
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill		5.43	%
Aggregate Outstanding Principal Balance – One-Month LIBOR	$	565,189,132
Percentage of Aggregate Outstanding Principal Balance – One-Month LIBOR		87.14	%
Aggregate Outstanding Principal Balance – Treasury Bill Other	$	48,203,619
Percentage of Aggregate Outstanding Principal Balance – Treasury Bill Other		7.43	%
Number of Borrowers		19,462
Average Outstanding Principal Balance Per Borrower	$	33,328
Number of Loans		35,603
Average Outstanding Principal Balance Per Loan – Treasury Bill	$	46,247
Average Outstanding Principal Balance Per Loan – One-Month LIBOR	$	16,746
Average Outstanding Principal Balance Per Loan – Treasury Bill Other	$	44,183
Weighted Average Remaining Term to Scheduled Maturity	177 months
Weighted Average Annual Interest Rate		4.90	%

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 3.12% 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.

The category “Other” in the table above represents the Health Education Assistance Loan Program (which we refer to as “HEAL” and the loans originated under such program as “HEAL Loans”) portion of any consolidation loans made under the FFELP which consolidated one or more Stafford Loans, SLS Loans and/or PLUS Loans with one or more student loans originated under the HEAL Program. These consolidation loans are guaranteed as to principal and interest by a guaranty agency and reinsured by the Department of Education. The HEAL portion of any consolidation loan is not eligible to receive special allowance payments or interest subsidy payments. The interest rate on the HEAL Loan segment of any such consolidation loan is variable and is reset each July 1, based upon the average bond-equivalent rate for 91-day Treasury bills auctioned during the three months ending June 30, plus 3.0%. In addition, the applicable interest rate on the HEAL Loan segment of any such consolidation loan is not subject to any cap on the interest rate that may apply to the principal of the HEAL Loan segment.

A-2

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.

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%		7,441	$	96,624,711		14.9	%
3.01% to 3.50%		9,135		110,295,737		17.0
3.51% to 4.00%		6,562		103,501,272		16.0
4.01% to 4.50%		6,495		107,267,113		16.5
4.51% to 5.00%		1,382		31,227,867		4.8
5.01% to 5.50%		570		14,357,000		2.2
5.51% to 6.00%		392		10,873,265		1.7
6.01% to 6.50%		373		13,272,066		2.0
6.51% to 7.00%		578		18,128,935		2.8
7.01% to 7.50%		256		9,741,372		1.5
7.51% to 8.00%		476		21,126,044		3.3
8.01% to 8.50%		1,662		92,515,406		14.3
Equal to or greater than 8.51%		281		19,702,287		3.0

Total		35,603	$	648,633,075		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 – SLM Corporation’s Student Loan Financing Business” in the prospectus.

A-3

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			4,298	$	10,242,928		1.6	%
$	5,000.00-$ 9,999.99		2,820		20,804,207		3.2
$	10,000.00-$14,999.99		2,123		26,361,498		4.1
$	15,000.00-$19,999.99		1,665		29,014,599		4.5
$	20,000.00-$24,999.99		1,321		29,527,893		4.6
$	25,000.00-$29,999.99		1,096		30,086,578		4.6
$	30,000.00-$34,999.99		866		28,145,923		4.3
$	35,000.00-$39,999.99		718		26,887,725		4.1
$	40,000.00-$44,999.99		616		26,108,708		4.0
$	45,000.00-$49,999.99		470		22,274,442		3.4
$	50,000.00-$54,999.99		412		21,623,254		3.3
$	55,000.00-$59,999.99		361		20,752,338		3.2
$	60,000.00-$64,999.99		292		18,225,982		2.8
$	65,000.00-$69,999.99		231		15,582,808		2.4
$	70,000.00-$74,999.99		186		13,470,294		2.1
$	75,000.00-$79,999.99		180		13,957,311		2.2
$	80,000.00-$84,999.99		152		12,538,215		1.9
$	85,000.00-$89,999.99		157		13,741,225		2.1
$	90,000.00-$94,999.99		115		10,613,441		1.6
$	95,000.00-$99,999.99		120		11,696,026		1.8
$100,000.00 and above			1,263		246,977,681		38.1

Total			19,462	$	648,633,075		100.0	%

A-4

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		33,495	$	596,806,054		92.0	%
31-60 days		680		18,831,586		2.9
61-90 days		464		11,640,408		1.8
91-120 days		215		5,415,003		0.8
121-150 days		139		3,149,229		0.5
151-180 days		146		2,929,600		0.5
181-210 days		100		2,678,678		0.4
Greater than 210 days		364		7,182,517		1.1

Total		35,603	$	648,633,075		100.0	%

A-5

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		141	$	43,116		*
4 to12		867		679,467		0.1	%
13 to 24		3,286		4,538,514		0.7
25 to 36		1,929		5,243,178		0.8
37 to 48		1,771		7,226,373		1.1
49 to 60		1,394		7,689,013		1.2
61 to 72		1,625		10,456,052		1.6
73 to 84		3,182		22,558,947		3.5
85 to 96		1,648		16,523,583		2.5
97 to 108		1,414		16,726,172		2.6
109 to 120		1,785		26,654,956		4.1
121 to 132		2,781		50,024,486		7.7
133 to 144		3,917		79,459,939		12.3
145 to 156		2,164		54,404,720		8.4
157 to 168		1,685		50,134,848		7.7
169 to 180		1,276		43,025,669		6.6
181 to 192		928		34,613,994		5.3
193 to 204		869		35,626,202		5.5
205 to 216		571		24,320,573		3.7
217 to 228		414		16,172,685		2.5
229 to 240		359		15,513,456		2.4
241 to 252		247		12,432,123		1.9
253 to 264		190		9,525,245		1.5
265 to 276		129		6,771,371		1.0
277 to 288		145		6,779,714		1.0
289 to 300		212		15,914,288		2.5
301 to 312		439		50,952,371		7.9
313 to 324		53		4,233,680		0.7
325 to 336		21		1,963,977		0.3
337 to 348		37		2,983,008		0.5
349 to 360		82		12,347,825		1.9
361 and above		42		3,093,529		0.5

Total		35,603	$	648,633,075		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 – SLM Corporation’s Student Loan Financing Business” in the prospectus.

A-6

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		754	$	13,835,977		2.1	%
Forbearance		2,805		69,948,008		10.8
Repayment
First year in repayment		292		18,920,703		2.9
Second year in repayment		228		10,125,074		1.6
Third year in repayment		278		9,693,091		1.5
More than 3 years in repayment		31,246		526,110,222		81.1

Total		35,603	$	648,633,075		100.0	%

(1)Of the trust student loans in forbearance status, approximately 116 loans with an aggregate outstanding principal balance of $ 3,423,337 , representing 0.53% 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; or

•

may be currently required to repay the loan – repayment.

See Appendix A to the preliminary remarketing memorandum and “The Student Loan Pools – SLM Corporation’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 147.7 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-7

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		15.4		-		187.8
Forbearance		-		15.6		195.7
Repayment		-		-		172.3

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 $13,835,977 aggregate outstanding principal balance of the trust student loans in deferment as of the statistical disclosure date, $9,109,572 or approximately 65.8% 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 and “The Student Loan Pools – SLM Corporation’s Student Loan Financing Business” in the prospectus.

A-8

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		325	6,783,094		$	1.0	%
Alaska		39		581,260		0.1
Arizona		762		16,455,953		2.5
Arkansas		202		3,835,721		0.6
California		3,783		78,643,043		12.1
Colorado		595		8,999,128		1.4
Connecticut		497		6,335,146		1.0
Delaware		119		2,740,362		0.4
District of Columbia		130		2,406,262		0.4
Florida		2,854		56,583,527		8.7
Georgia		1,088		27,473,491		4.2
Hawaii		148		2,550,435		0.4
Idaho		138		3,906,129		0.6
Illinois		1,425		26,067,521		4.0
Indiana		966		13,377,025		2.1
Iowa		140		2,466,326		0.4
Kansas		601		7,892,028		1.2
Kentucky		288		4,455,966		0.7
Louisiana		1,142		18,664,549		2.9
Maine		110		1,709,439		0.3
Maryland		795		15,532,158		2.4
Massachusetts		964		13,089,178		2.0
Michigan		707		13,969,393		2.2
Minnesota		372		7,796,551		1.2
Mississippi		304		5,926,941		0.9
Missouri		721		10,689,350		1.6
Montana		83		1,415,928		0.2
Nebraska		51		1,119,183		0.2
Nevada		228		3,796,183		0.6
New Hampshire		171		2,650,564		0.4
New Jersey		977		17,573,332		2.7
New Mexico		107		1,290,359		0.2
New York		2,349		40,441,337		6.2
North Carolina		803		16,124,328		2.5
North Dakota		24		317,228		*
Ohio		1,789		34,244,017		5.3
Oklahoma		689		11,324,537		1.7
Oregon		548		9,150,179		1.4
Pennsylvania		1,252		21,061,032		3.2
Rhode Island		80		1,322,938		0.2
South Carolina		412		9,458,900		1.5
South Dakota		45		553,820		0.1
Tennessee		732		14,927,240		2.3
Texas		3,072		52,919,241		8.2
Utah		133		2,507,559		0.4
Vermont		58		783,889		0.1
Virginia		934		16,217,499		2.5
Washington		971		15,052,078		2.3
West Virginia		158		1,739,146		0.3
Wisconsin		314		5,217,864		0.8
Wyoming		43		633,219		0.1
Other		365		7,861,497		1.2

Total		35,603	$	648,633,075		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.

A-10

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

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		18,617	$	265,680,364		41.0	%
Other Repayment Options⁽¹⁾		13,012		224,734,775		34.6
Income-driven Repayment⁽²⁾		3,974		158,217,935		24.4

Total		35,603	$	648,633,075		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 175 loans with an aggregate outstanding principal balance of $8,482,191 currently in an interest-only period. These interest-only loans represent approximately 1.3% 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		17,071	$	239,792,199		37.0	%
Unsubsidized		18,532		408,840,876		63.0

Total		35,603	$	648,633,075		100.0	%

A-11

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		86	$	5,177,326		0.8	%
October 1, 1993 through June 30, 2006		35,517		643,455,748		99.2
July 1, 2006 and later		0		0		0.0

Total		35,603	$	648,633,075		100.0	%

A-12

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		1,305	$	17,628,894		2.7	%
College Assist		8		369,403		0.1
Educational Credit Management Corporation		3,053		43,940,564		6.8
Florida Off Of Student Fin'l Assistance		1,019		12,256,348		1.9
Great Lakes Higher Education Corporation		17,565		379,887,054		58.6
Kentucky Higher Educ. Asst. Auth.		860		10,658,058		1.6
Michigan Guaranty Agency		362		5,090,475		0.8
Oklahoma Guaranteed Stud Loan Prog		586		8,511,665		1.3
Pennsylvania Higher Education Assistance Agency		3,073		41,308,676		6.4
Texas Guaranteed Student Loan Corp		7,772		128,981,937		19.9
Total		35,603	$	648,633,075		100.0	%

A-13

SLM Student Loan Trust 2004-2 8-K