Item 8.01. Other Events

On May 14, 2009, The Student Loan Corporation (the Company) entered into an agreement with the Department of Education sponsored conduit, Straight-A Funding, LLC (the Conduit), whereby the Company may obtain funding for certain eligible FFEL Program loans. The Company expects that the Conduit will inform the Company of the amount available for its initial funding on May 19, 2009, and that its initial funding settlement will occur on May 26, 2009. Thereafter, to the extent capacity is available through the Conduit, the Company expects to continue to finance additional, eligible FFEL Program loans with the Conduit in the ordinary course of business.