Attached files
file | filename |
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10-K - FORM 10-K - SLM Student Loan Trust 2011-1 | d305190d10k.htm |
EX-34.1 - EXHIBIT 34.1 - SLM Student Loan Trust 2011-1 | d305190dex341.htm |
EX-34.2 - EXHIBIT 34.2 - SLM Student Loan Trust 2011-1 | d305190dex342.htm |
EX-35.1 - EXHIBIT 35.1 - SLM Student Loan Trust 2011-1 | d305190dex351.htm |
EX-33.3 - EXHIBIT 33.3 - SLM Student Loan Trust 2011-1 | d305190dex333.htm |
EX-33.1 - EXHIBIT 33.1 - SLM Student Loan Trust 2011-1 | d305190dex331.htm |
EX-31.1 - EXHIBIT 31.1 - SLM Student Loan Trust 2011-1 | d305190dex311.htm |
EX-35.3 - EXHIBIT 35.3 - SLM Student Loan Trust 2011-1 | d305190dex353.htm |
EX-33.2 - EXHIBIT 33.2 - SLM Student Loan Trust 2011-1 | d305190dex332.htm |
Exhibit 34.3
Audit - Tax - Advisory | ||
Grant Thornton LLP | ||
515 South Flower Street, 7th Floor | ||
Los Angeles, CA 90071-2201 | ||
Report of Independent Registered Public Accounting Firm | ||
T 213.627.1717 | ||
F 213.624.6793 | ||
www.GrantThornton.com |
Board of Directors and Shareholders
Affiliated Computer Services, Inc.
We have examined managements assertion, included in the accompanying Affiliated Computer Services, Inc. (ACS or the Company) Education Services Management Assessment (Managements Report), that ACS complied with the servicing criteria set forth in Item 1122(d) of the U.S. Securities and Exchange Commissions Regulation AB for student loans for which the Company commenced servicing activities for Sallie Mae, INC. on or after January 1, 2006 (the Platform) as of and for the year ended December 31, 2011, excluding criteria 1122(d)(l)(iii), 1122(d)(2)(iii)-(iv), 1122(d)(3)(i)-(iv), 1122(d)(4)(i), 1122(d)(4)(iii), 1122(d)(4)(x)-(xiii) and 1122(d)(4)(xv), which management has determined are not applicable to the activities performed by the Company with respect to the Platform. The Platform consists of the asset-backed transactions and securities defined by management in Appendix B of Managements Report. Management is responsible for the Companys compliance with the applicable servicing criteria. Our responsibility is to express an opinion on managements assertion about the Companys compliance with the applicable servicing criteria for the Platform based on our examination.
Our examination was conducted in accordance with the standards of 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 for the Platform and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities constituting the Platform and evaluating whether the Company performed servicing activities related to those transactions and securities in compliance with the applicable servicing criteria for the period covered by this report. Accordingly, our testing may not have included servicing activities related to each asset-backed transaction or security constituting the Platform. Further, our examination was not designed to detect material noncompliance that may have occurred prior to the period covered by this report and that may have affected the Companys servicing activities during the period covered by this report. 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 applicable servicing criteria.
Grant Thornton LLP
U.S. member firm of Grant Thornton International Ltd
As described in Managements Report, the Company engaged a vendor to perform servicing activities with respect to criteria 1122(d)(2)(i). The Company determined that the vendor is not considered a servicer, as that term is defined in Item 1101(j) of Regulation AB, and therefore, the Company is assuming responsibility for compliance with such servicing criteria applicable to the vendors servicing activities. In accordance with Regulation AB and its related interpretations, the requirement for management to assess compliance with the servicing criteria applicable to a vendors activities is satisfied if the Company has instituted policies and procedures to monitor whether such vendors activities comply in all material respects with such criteria. Compliance with the applicable servicing criteria is achieved if those policies and procedures are designed to provide reasonable assurance that such vendors activities comply with such criteria and those policies and procedures are operating effectively for the period covered by Managements Report. Our examination does not provide a legal determination of whether a vendor is or is not considered a servicer, and therefore, on whether the Company, in its Management Report, is eligible to elect to take responsibility for assessing compliance with the servicing criteria applicable to each vendors servicing activities.
In our opinion, managements assertion that Affiliated Computer Services, Inc. complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2011 for student loans for which the Company commenced servicing activities for Sallie Mae INC. on or after January 1, 2006 is fairly stated, in all material respects.
Los Angeles, California
February 1, 2012
Grant Thornton LLP
U.S. member firm of Grant Thornton International Ltd