Attached files
file | filename |
---|---|
10-K - 10-K - SLM Student Loan Trust 2009-1 | w77385ae10vk.htm |
EX-35.1 - EX-35.1 - SLM Student Loan Trust 2009-1 | w77385aexv35w1.htm |
EX-33.4 - EX-33.4 - SLM Student Loan Trust 2009-1 | w77385aexv33w4.htm |
EX-34.1 - EX-34.1 - SLM Student Loan Trust 2009-1 | w77385aexv34w1.htm |
EX-34.3 - EX-34.3 - SLM Student Loan Trust 2009-1 | w77385aexv34w3.htm |
EX-31.1 - EX-31.1 - SLM Student Loan Trust 2009-1 | w77385aexv31w1.htm |
EX-34.2 - EX-34.2 - SLM Student Loan Trust 2009-1 | w77385aexv34w2.htm |
EX-33.1 - EX-33.1 - SLM Student Loan Trust 2009-1 | w77385aexv33w1.htm |
EX-35.2 - EX-35.2 - SLM Student Loan Trust 2009-1 | w77385aexv35w2.htm |
EX-33.3 - EX-33.3 - SLM Student Loan Trust 2009-1 | w77385aexv33w3.htm |
EX-33.2 - EX-33.2 - SLM Student Loan Trust 2009-1 | w77385aexv33w2.htm |
Exhibit 34.4 |
Ernst & Young LLP | ||
875 East Wisconsin Avenue | ||
Milwaukee, WI 53202 | ||
Tel: +1 414 273 5900 | ||
Fax: +1 414 223 7200 | ||
www.ey.com |
Report of Independent Registered Public Accounting Firm
We have examined managements assertion, included in the accompanying Managements Assessment
of Compliance with Regulation AB Servicing Criteria, that Great Lakes Educational Loan Services,
Inc. (the Company) complied with the servicing criteria set forth in Item 1122 (d) of the
Securities and Exchange Commissions Regulation AB for the Companys student loan servicing
platform (the Platform) as of and for the year ended December 31, 2009, except for
1122(d)(1)(iii)-(iv), 1122(d)(2)(ii)-(iv), 1122(d)(3)(i)-(iv), 1122(d)(4)(i), 1122(d)(4)(iii), and
1122(d)(4)(x)-(xiii), which the Company has determined are not applicable to the activities
performed by them with respect to the servicing platform covered by this report. Management is
responsible for the Companys compliance with those servicing criteria. Our responsibility is to
express an opinion on managements assertion about the Companys compliance with the servicing
criteria based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight
Board (United States) and, accordingly, included examining, on a test basis, evidence about the
Companys compliance with the applicable servicing criteria and performing such other procedures as
we considered necessary in the circumstances. Our examination included testing of less than all of
the individual asset backed transactions and securities that comprise the Platform, testing of less
than all of the servicing activities related to the Platform, and determining whether the Company
processed those selected transactions and performed those selected activities in compliance with
the servicing criteria and as permitted by the Interpretation 17.06 of the SEC Division of
Corporation Finance Manual of Publicly Available Telephone Interpretations (Interpretation 17.06).
Furthermore, our procedures were limited to the selected transactions and servicing activities
performed by the Company during the period covered by this report. Our procedures were not designed
to determine whether errors may have occurred either prior to or subsequent to our tests that may
have affected the balances or amounts calculated or reported by the Company during the period
covered by this report for the selected transactions or any other transactions. We believe
that our examination provides a reasonable basis for our opinion. Our examination does not provide
a legal determination on the Companys compliance with the servicing criteria.
As described in managements assertion, for servicing criteria 1122(d)(2)(i) and
1122(d)(4)(iv), the Company has engaged various vendors to perform the activities required by these
servicing criteria. The Company has determined that these vendors are not considered a servicer
as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for
assessing compliance with the applicable servicing criteria applicable to each vendor as permitted by Interpretation 17.06. As permitted by
Interpretation 17.06, the Company has
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asserted that it has policies and procedures in place designed to provide reasonable assurance that
the vendors activities comply in all material respects with servicing criteria applicable to each
vendor. The Company is solely responsible for determining that it meets the SEC requirements to
apply Interpretation 17.06 for the vendors and related criteria as described in its assertion, and
we performed no procedures with respect to the Companys eligibility to apply Interpretation 17.06.
In our opinion, managements assertion that the Company complied with the aforementioned servicing
criteria, including servicing criteria 1122(d)(2)(i) and 1122(d)(4)(iv) for which compliance is
determined based on Interpretation 17.06 as described above, as of and for the year ended December
31, 2009 for the Companys student loan servicing platform, is fairly stated, in all material
respects.
February 1, 2010
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