Attached files
file | filename |
---|---|
10-K - FORM 10-K - SLM Student Loan Trust 2011-2 | d678765d10k.htm |
EX-34.2 - EX-34.2 - SLM Student Loan Trust 2011-2 | d678765dex342.htm |
EX-35.1 - EX-35.1 - SLM Student Loan Trust 2011-2 | d678765dex351.htm |
EX-34.1 - EX-34.1 - SLM Student Loan Trust 2011-2 | d678765dex341.htm |
EX-33.1 - EX-33.1 - SLM Student Loan Trust 2011-2 | d678765dex331.htm |
EX-33.2 - EX-33.2 - SLM Student Loan Trust 2011-2 | d678765dex332.htm |
EX-31.1 - EX-31.1 - SLM Student Loan Trust 2011-2 | d678765dex311.htm |
EX-33.3 - EX-33.3 - SLM Student Loan Trust 2011-2 | d678765dex333.htm |
EX-35.3 - EX-35.3 - SLM Student Loan Trust 2011-2 | d678765dex353.htm |
Exhibit 34.3
Report of Independent Registered Public Accounting Firm
To the Board of Directors of Xerox Education Services LLC:
We have examined managements assertion, included in the accompanying ACS Education Services Management Assessment (Managements Assessment), that Xerox Education Services LLC, dba ACS Education Services, (the Company) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commissions (SEC) Regulation AB for the asset-backed securities transactions involving student loans for which the Company commenced servicing activities for Sallie Mae, Inc. on or after January 1, 2006 and for Bank of America, National Association, master servicer and administrator for BASLT 2010-1, on or after July 9, 2010 (the Platform), as of December 31, 2013 and for the year then ended, excluding the criteria which the Company has determined are not applicable to the servicing activities performed by it with respect to the Platform, as indicated in Appendix A to Managements Assessment. Appendix B to Managements Assessment identifies the individual asset-backed transactions defined by management as constituting the Platform. As described in managements assertion, for servicing criterion 1122(d)(2)(i), the Company has engaged a vendor to perform the activities required by this servicing criteria. The Company has determined that this vendor is 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 servicing criteria applicable to the vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations (Interpretation 17.06). As permitted by Interpretation 17.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendors activities comply in all material respects with the servicing criteria applicable to the vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendor and related criteria as described in its assertion, and we performed no procedures with respect to the Companys determination of its eligibility to use Interpretation 17.06. Management is responsible for the Companys compliance with the servicing criteria. Our responsibility is to express an opinion on managements assertion based on our examination.
Our examination was conducted in accordance with attestation 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 and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria. 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 detect noncompliance arising from errors that may have occurred 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. 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.
PricewaterhouseCoopers LLP, 214 N. Tryon Street, Charlotte, NC 28202
T: (704) 344 7500, F: (704) 344 4100, www.pwc.com/us
In our opinion, managements assertion that Xerox Education Services LLC, dba ACS Education Services, complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2013 for the Platform is fairly stated, in all material respects.
February 26, 2014