NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the senior notes rated 'AAAsf' and subordinate notes rated 'Asf' issued by SLM Student Loan Trust 2004-1. The Rating Outlook on all classes remains Stable. KEY RATING DRIVERS High Collateral Quality: The trust collateral comprises Federal Family Education Loan Program (FFELP) loans with guaranties provided by eligible guarantors and reinsurance provided by the U.S. Department of Education (ED) for at least 97% of principal and accrued interest. F
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