Exhibit 99.1

I. SLC TRUST 2008-01				Deal Parameters

			Student Portfolio Characteristics				3/28/2008			Activity			5/31/2008
	A	i	Portfolio Balance				$	1,993,212,903.60		$	21,427,946.22		$	1,971,784,957.38
		ii	Interest to be Capitalized				$	25.52					$	1,166,618.52
		iii	Total Pool				$	1,993,212,929.12					$	1,972,951,575.90
		iv	Specified Reserve Account Balance				$	4,982,056.00					$	4,932,378.94
		v	Capitalized Interest Account Balance				$	40,000,000.00					$	32,000,000.00
		vi	Total Adjusted Pool				$	2,038,194,985.12					$	2,009,883,954.84

	B	i	Pool Balance as a Percent of Original Pool Balance					100.00	%					98.98	%
		ii	Weighted Average Coupon (WAC)					4.227	%					4.207	%
		iii	Weighted Average Remaining Term					201.52						200.09
		iv	Number of Loans					162,355						161,958
		v	Number of Borrowers					95,115						94,937
		vi	Average Outstanding Principal Balance				$	0.00					$	1,982,498,930.49

			Notes	CUSIP	Spread		Balance			Pool Factor			Balance			Pool Factor
							3/28/2008			3/28/2008			6/16/2008			6/16/2008
	C	i	A1 Notes	78444LAA1	0.600	%	$	308,000,000.00			1.0000000		$	285,854,401.06			0.9280987
		ii	A2 Notes	78444LAB9	0.900	%	$	422,000,000.00			1.0000000		$	422,000,000.00			1.0000000
		iii	A3 Notes	78444LAC7	1.100	%	$	290,000,000.00			1.0000000		$	290,000,000.00			1.0000000
		iv	A4A Notes	78444LAD5	1.600	%	$	602,105,000.00			1.0000000		$	602,105,000.00			1.0000000
		v	A4B Notes (EURO)	N/A	1.550	%	€	150,000,000.00			1.0000000		€	150,000,000.00			1.0000000
		vi	B Notes	78444LAE3	1.750	%	$	57,345,000.00			1.0000000		$	57,345,000.00			1.0000000

			Specified Overcollateralization Amount				$	130,444,479.05					$	128,632,573.11

			Reserve Account				3/28/2008			Activity			6/16/2008
	D	i	Required Reserve Acc Deposit (%)					0.25	%					0.25	%
		ii	Reserve Acct Initial Deposit ($)				$	4,982,056.00		$	-		$	4,982,056.00
		iii	Specified Reserve Acct Balance ($)				$	4,982,056.00		$	(49,677.06	)	$	4,932,378.94
		iv	Reserve Account Floor Balance ($)				$	2,989,234.00		$	-		$	2,989,234.00
		v	Current Reserve Acct Balance ($)				$	4,982,056.00		$	(49,677.06	)	$	4,932,378.94

			Capitalized Interest Account				3/28/2008			Activity			6/16/2008
	E	i	Capitalized Interest Account Balance				$	40,000,000.00		$	8,000,000.00		$	32,000,000.00

II. SLC TRUST 2008-01						Distributions


Interest
				Quarterly		Quarterly					Interest		Interest
Class		CUSIP		Interest		Interest			Interest		Carryover		Carryover		Interest		Interest	Rate		Next
				Due		Paid			Shortfall		Due		Paid		Carryover		Factor			Rate
	A1	78444LAA1		$	2,239,715.08	$	2,239,715.08		$	-	$	-	$	-	$	-	7.2718022078	3.27231	%	3.37625	%
	A2	78444LAB9		$	3,350,033.87	$	3,350,033.87		$	-	$	-	$	-	$	-	7.9384688863	3.57231	%	3.67625	%
	A3	78444LAC7		$	2,431,044.87	$	2,431,044.87		$	-	$	-	$	-	$	-	8.3829133448	3.77231	%	3.87625	%
	A4A	78444LAD5		$	5,716,399.59	$	5,716,399.59		$	-	$	-	$	-	$	-	9.4940244476	4.27231	%	4.37625	%
	A4B	N/A		€	2,061,333.33	€	2,061,333.33		€	-	€	-	€	-	€	-	13.7431644667	6.18442	%	6.50800	%
	B	78444LAE3		$	563,549.83	$	563,549.83		$	-	$	-	$	-	$	-	9.8273577470	4.42231	%	4.52625	%
TOTAL									$	-	$	-	$	-	$	-

			CUR LIBOR				2.672311	%
			NEXT LIBOR				2.776250	%

			CUR EURIBOR				4.634424	%
			NEXT EURIBOR				4.958000	%

Principal
				Quarterly		Quarterly
Class		CUSIP		Principal		Principal
				Distribution		Distribution			Principal
				Amount		Paid			Factor
	A1	78444LAA1		$	30,248,618.27	$	22,145,598.94			71.9012952597
	A2	78444LAB9		$	-	$	-			0.0000000000
	A3	78444LAC7		$	-	$	-			0.0000000000
	A4A	78444LAD5		$	-	$	-			0.0000000000
	A4B	N/A		€	-	€	-			0.0000000000
	B	78444LAE3		$	-	$	-			0.0000000000

III. SLC TRUST 2008-01			Transactions from: 03/28/2008 through: 05/31/2008

	A	Student Loan Principal Activity
		i	Regular Principal Collections	$	21,331,384.92
		ii	Principal Collections from Guarantor	$	208,767.47
		iii	Principal Reimbursements	$	-
		iv	Other System Adjustments	$	-
		v	Total Principal Collections	$	21,540,152.39

	B	Student Loan Non-Cash Principal Activity
		i	Other Adjustments	$	(90,045.74)
		ii	Capitalized Interest	$	(22,160.43)
		iii	Total Non-Cash Principal Activity	$	(112,206.17)

	C	Total Student Loan Principal Activity		$	21,427,946.22

	D	Student Loan Interest Activity
		i	Regular Interest Collections	$	12,919,348.12
		ii	Interest Claims Received from Guarantors	$	4,054.65
		iii	Collection Fees / Returned Items	$	-
		iv	Late Fee Reimbursements	$	151,250.06
		v	Interest Reimbursements	$	-
		vi	Other System Adjustments	$	-
		vii	Special Allowance Payments	$	377,687.58
		viii	Subsidy Payments	$	11,870.01
		ix	Lender Fee to DOE	$	-
		x	Total Interest Collections	$	13,464,210.42

	E	Student Loan Non-Cash Interest Activity
		i	Interest Accrual Adjustments	$	(14,449,735.10)
		ii	Government Interest Accrual Adjustments	$	(5,155,505.77)
		iii	Capitalized Interest	$	22,160.43
		iv	Total Non-Cash Interest Adjustments	$	(19,583,080.44)

	F	Total Student Loan Interest Activity		$	(6,118,870.02)

	G	Realized Losses During Collection Period - Principal			$ -
		Realized Losses During Collection Period - Interest			$ -
	H	Cumulative Realized Losses to Date - Principal			$ -
		Cumulative Realized Losses to Date - Interest			$ -

IV. SLC TRUST 2008-01		Collection Account Activity 03/28/2008 through 05/31/2008

	A	Principal Collections
		i	Principal Payments Received	$	20,287,831.97
		ii	Principal Collections from Guarantor	$	208,767.47
		iii	Consolidation Principal Payments	$	1,043,552.95
		iv	Reimbursements by Seller	$	-
		v	Borrower Benefits Reimbursements	$	-
		vi	Reimbursements by Servicer	$	-
		vii	Re-purchased Principal	$	-
		viii	Total Principal Collections	$	21,540,152.39

	B	Interest Collections
		i	Interest Payments Received	$	13,298,942.00
		ii	Interest Claims Received from Guarantors	$	4,054.65
		iii	Consolidation Interest Payments	$	9,963.71
		iv	Reimbursements by Seller	$	-
		v	Borrower Benefits Reimbursements	$	-
		vi	Reimbursements by Servicer	$	-
		vii	Re-purchased Interest	$	-
		viii	Collection Fees / Returned Items	$	-
		ix	Late Fees	$	151,250.06
		x	Total Interest Collections	$	13,464,210.42

	C	Other Reimbursements (One time funding for 105 bps fee)		$	1,518,900.00

	D	Reserves in Excess of Reserve Requirement		$	49,677.06

	E	Interest Rate Cap Proceeds		$	-

	F	Trust Account Investment Income		$	277,128.71

	G	Administrator Account Investment Income		$	-

	H	Capitalized Interest Account Balance to be released		$	8,000,000.00

		TOTAL FUNDS RECEIVED		$	44,850,068.58
		LESS FUNDS PREVIOUSLY REMITTED/SET ASIDE:
		i Consolidation Loan Rebate Fees		$	5,225,287.96


	I	TOTAL AVAILABLE FUNDS		$	39,624,780.62

	J	Servicing Fees Due for Current Period		$	927,169.75

	K	Carryover Servicing Fees Due		$	-

	L	Total Fees Due for Period		$	927,169.75

V. SLC TRUST 2008-01			Waterfall for Distributions

	A	Total Available Funds (IV-I)		$	39,624,780.62

	B	Trustee Fees (Including London Paying Agent Fee)		$	14,000.00

	C	Administration Fee		$	20,000.00

	D	Primary Servicing Fees		$	927,169.75

	E	Class A Noteholders' Interest Distribution Amount Paid
		i	Class A-1	$	2,239,715.08
		ii	Class A-2	$	3,350,033.87
		iii	Class A-3	$	2,431,044.87
		iv	Class A-4A	$	5,716,399.59
		v	Class A-4B (USD Payment to the SWAP Counterparty)	$	2,217,268.69
		vi	SWAP Termination Payment	$	-
			Total Class A Noteholder's Interest Distribution	$	15,954,462.10

	F	Class B Noteholders' Interest Distribution Amount Paid
		i	Class B (if Interest Subordination Condition NOT in effect)	$	563,549.83
			Total Class B Noteholder's Interest Distribution	$	563,549.83

	G	Class A Noteholder's Principal Distribution Amount Paid
		i	Class A-1	$	22,145,598.94
		ii	Class A-2	$	-
		iii	Class A-3	$	-
		iv	Class A-4A	$	-
		v	Class A-4B (USD Payment to the SWAP Counterparty)	$	-
			Total Class A Noteholder's Principal Distribution	$	22,145,598.94

	H	If Class B Interest Subordination Condition is in effect, remit the
		Class B Noteholders' Interest Distribution Amount		$	-

	I	Class B Noteholder's Principal Distribution Amount Paid
		i	Class B	$	-
			Total Class B Noteholder's Principal Distribution	$	-

	J	Increase to the Reserve Account Balance		$	-

	K	Carryover Servicing Fees		$	-

	L	Additional fees payable to Indenture Trustee, Indenture
		Administrator, Owner Trustee, Eligible Lender Trustee,
		London Paying Agent, Irish Paying Agent and Irish Stock Exchange		$	-

	M	SWAP Termination Payment due but not paid above		$	-

	N	Excess to Trust Certificateholders		$	-

VI. SLC TRUST 2008-01			Historical Pool Information

				03/28/08-05/31/08
		Student Loan Interest Activity
		i	Regular Interest Collections	$	12,919,348.12
		ii	Interest Claims Received from Guarantors	$	4,054.65
		iii	Collection Fees / Returned Items	$	-
		iv	Late Fee Reimbursements	$	151,250.06
		v	Interest Reimbursements	$	-
		vi	Other System Adjustments	$	-
		vii	Special Allowance Payments	$	377,687.58
		viii	Subsidy Payments	$	11,870.01
		ix	Total Interest Collections	$	13,464,210.42

		Student Loan Non-Cash Interest Activity
		i	Interest Accrual Adjustments	$	(14,449,735.10	)
		ii	Government Interest Accrual Adjustments	$	(5,155,505.77	)
		iii	Capitalized Interest	$	22,160.43
		iv	Total Non-Cash Interest Adjustments	$	(19,583,080.44	)
		Total Student Loan Interest Activity		$	(6,118,870.02	)

Beginning Student Loan Portfolio Balance				$	1,993,212,903.60

		Student Loan Principal Activity
		i	Regular Principal Collections	$	21,331,384.92
		ii	Principal Collections from Guarantor	$	208,767.47
		iii	Principal Reimbursements	$	-
		iv	Net Credit Loss (Principal)	$	-
		v	Total Principal Collections	$	21,540,152.39

		Student Loan Non-Cash Principal Activity
		i	Other Adjustments	$	(90,045.74	)
		ii	Capitalized Interest	$	(22,160.43	)
		iii	Total Non-Cash Principal Activity	$	(112,206.17	)

	(-)	Total Student Loan Principal Activity		$	21,427,946.22

(=)		Ending Student Loan Portfolio Balance		$	1,971,784,957.38

	(+)	Interest to be Capitalized		$	1,166,618.52

(=)		TOTAL POOL		$	1,972,951,575.90

	(+)	Reserve Account Balance		$	4,932,378.94

	(+)	Capitalized Interest Account Balance		$	32,000,000.00

(=)		Total Adjusted Pool		$	2,009,883,954.84

VII. SLC TRUST 2008-01				Portfolio Characteristics

	Weighted Avg Coupon						# of Loans				%						Pool Balance					%
STATUS	3/28/2008			5/31/2008			3/28/2008		5/31/2008		3/28/2008			5/31/2008			3/28/2008			5/31/2008		3/28/2008			5/31/2008

REPAYMENT
Current		4.144	%		4.107	%		142,065		138,671		87.503	%		85.622	%	$	1,717,004,679.47		$	1,649,174,698.22		86.143	%		83.589	%
1-30 Days Delinquent		4.671	%		4.703	%		11,367		7,638		7.001	%		4.716	%	$	149,004,313.07		$	95,624,682.50		7.476	%		4.847	%
31-60 Days Delinquent		4.840	%		4.627	%		3,358		3,197		2.068	%		1.974	%	$	47,815,160.81		$	43,738,656.61		2.399	%		2.217	%
61-90 Days Delinquent		4.811	%		4.712	%		1,932		2,296		1.190	%		1.418	%	$	27,744,642.04		$	32,352,988.16		1.392	%		1.640	%
91-120 Days Delinquent		4.961	%		4.951	%		1,462		1,289		0.900	%		0.796	%	$	20,456,128.12		$	19,062,099.16		1.026	%		0.966	%
121-150 Days Delinquent		4.672	%		4.828	%		1,223		919		0.753	%		0.567	%	$	16,916,008.81		$	13,655,631.44		0.849	%		0.692	%
151-180 Days Delinquent		4.905	%		4.844	%		946		718		0.583	%		0.443	%	$	14,242,433.68		$	9,756,816.40		0.715	%		0.495	%
181-210 Days Delinquent		0.000	%		4.601	%		0		786		0.000	%		0.485	%	$	0.00		$	10,237,079.27		0.000	%		0.519	%
211-240 Days Delinquent		0.000	%		4.547	%		0		597		0.000	%		0.369	%	$	0.00		$	8,081,898.05		0.000	%		0.410	%
241-270 Days Delinquent		0.000	%		4.610	%		0		35		0.000	%		0.022	%	$	0.00		$	419,239.95		0.000	%		0.021	%
> 270 Days Delinquent		0.000	%		0.000	%		0		0		0.000	%		0.000	%	$	0.00		$	0.00		0.000	%		0.000	%

TOTAL REPAYMENT		4.227	%		4.182	%		162,353		156,146		99.999	%		96.411	%	$	1,993,183,366.00		$	1,882,103,789.76		99.999	%		95.395	%

Deferment		0.000	%		4.450	%		0		2,793		0.000	%		1.725	%	$	0.00		$	40,029,038.31		0.000	%		2.029	%
Forbearance		2.875	%		0.000	%		2		2,982		0.001	%		1.841	%	$	29,563.12		$	50,240,868.15		0.001	%		2.546	%
Claims in Process		0.000	%		4.700	%		0		37		0.000	%		0.023	%	$	0.00		$	577,879.68		0.000	%		0.029	%
Aged Claims Rejected		0.000	%		0.000	%		0		0		0.000	%		0.000	%	$	0.00		$	-		0.000	%		0.000	%

GRAND TOTAL		4.227	%		4.207	%		162,355		161,958		100.000	%		100.000	%	$	1,993,212,929.12		$	1,972,951,575.90		100.000	%		100.000	%


VIII. SLC TRUST 2008-01									Payment History and CPRs

			Distribution				Total						Current				Life
			Date				Pool Balances						CPR				CPR


				08-Jun				$	1,972,951,575.90						0.55	%		0.55	%
				08-Sep				$	-						0.00	%		0.00	%
				08-Dec				$	-						0.00	%		0.00	%
				09-Mar				$	-						0.00	%		0.00	%

VIII. SLC TRUST 2008-01	SWAP
		Credit Suisse
		A-4B SWAP Calculation
Student Loan Trust Pays:
i. Notional SWAP Amount (USD)		$	232,050,000.00
ii. 3 Month USD-LIBOR			2.6723	%
iii. Spread			1.627500	%
iv. Pay Rate			4.2998	%
v. Days in Period			80
03/28/2008 through 06/15/2008
vi. Gross SWAP Payment Due Counterparty		$	2,217,268.69

Credit Suisse International Pays:
i. Notional SWAP Amount (EUR)		€	150,000,000.00
ii. 3 Month EURIBOR			4.6340	%
iii. Spread			1.5500	%
iv. Pay Rate			6.184000	%
v. Days in Period			80
03/28/2008 through 06/15/2008
vi. Gross SWAP Receipt Due Paying Agent		€	2,061,333.33




Using Exchange Rate of $1.547 = € 1.00

SLC Student Loan Trust 2008-1 10-D