8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 17, 2004

EDUCATION FUNDING CAPITAL TRUST - IV (ISSUER)

(Exact Name of Registrant as Specified in Its Charter)

Delaware	333-111959-01	51-6553467
(State or Other Jurisdiction of Incorporation or Organization)	(Commission file Number)	(I.R.S. Employer Identification Number)

c/o U.S. Bank National

Association

CN-WN-06CT

425 Walnut Street, 6^th Floor

Cincinnati, Ohio 45202

(Address of Principal Executive Offices)

Registrant’s Telephone Number: (513) 632-2518

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Exhibit Index appears on Page 4

Item 8.01. Other Events.

Pursuant to the Indenture of Trust dated as of May 1, 2004 as supplemented by the First Supplemental Indenture of Trust dated as of May 1, 2004 (collectively, the “Indenture”) among Education Funding Capital Trust-IV (the “Issuer”), U.S. Bank National Association, as Indenture Trustee (the “Indenture Trustee”), and Fifth Third Bank, as eligible lender trustee for the Issuer (the “Eligible Lender Trustee”), the Indenture Trustee made available to noteholders the statement required by the Indenture, which statement is being filed as Exhibit 99.1 to this Form 8-K. In accordance with the Indenture, the Indenture Trustee was required to make distributions to the holders of the Issuer’s Education Loan Backed Notes Series 2004 – A-6 and B-1.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit No.	Description of Document
99.1	Statement to Noteholders August 31, 2004

Page 2 of 4

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized, in the City of Cincinnati, State of Ohio, on September 30, 2004.

U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Co-Owner Trustee for
EDUCATION FUNDING CAPITAL TRUST-IV
By:	/s/ Daniel R. Bley
	Daniel R. Bley
	Vice President and Trust Officer

Page 3 of 4

Exhibit Index

Exhibit No.	Description of Document
99.1	Statement to Noteholders August 31, 2004

Page 4 of 4

EX-99.1

Exhibit 99.1

Education Funding Capital Trust-IV

Statements to Noteholders

August 31, 2004

(per Section 11.04)

Payments on each Series of Notes during the month ended:					August 31, 2004
		Principal	Interest		Carryover Interest
Series 2004 A-1		—	—		—
Series 2004 A-2		—	—		—
Series 2004 A-3		—	—		—
Series 2004 A-4		—	118,222.22		—
Series 2004 A-5		—	120,555.56		—
Series 2004 A-6		—	113,400.00		—
Series 2004 B-1		—	66,111.11		—
		—	418,288.89		—
Information on Each Series of Notes as of:					August 31, 2004
	Outstanding Principal	Pool Factor	Effective Interest Rate		Carryover Interest
LIBOR Floaters (3-month LIBOR):
Series 2004A-1	170,000,000.00	1.0000000	1.38000	%	N/A
Series 2004A-2	390,000,000.00	1.0000000	1.50000	%	N/A
Series 2004A-3	100,000,000.00	1.0000000	1.53000	%	N/A
Auction Rate Notes (28-day ARS):
Series 2004A-4	100,000,000.00	1.0000000	1.70000	%	—
Series 2004A-5	100,000,000.00	1.0000000	1.73000	%	—
Series 2004A-6	90,000,000.00	1.0000000	1.70000	%	—
Series 2004B-1	50,000,000.00	1.0000000	1.80000	%	—
	1,000,000,000.00				—

Education Funding Capital Trust-IV

Statements to Noteholders

August 31, 2004

(per Section 11.04)

Value of the Trust Estate as of:	August 31, 2004
Principal Balance of Financed Student Loans	941,131,871.72
Accrued Interest on Financed Student Loans	5,982,840.54
Cash and Investment Balance	33,050,025.14
Accrued Interest on Cash and Investments	34,735.98
	980,199,473.38
Accrued Interest and Fees with respect to the Notes	3,365,604.66
Pool Balance	941,131,871.72
Parity Percentage	97.68	%
Senior Parity Percentage	102.82	%

Rollforward of Indenture Funds during month ended:								August 31, 2004
	Distribution Account		Collection Account		Acquisition Account		Reserve Account	Capitalized Interest Account
Beginning Balance	3,819,406.41		8,859,964.47		131,000.00		10,000,000.00	5,000,000.00
Withdrawals	(6,083,291.82	)	(2,263,885.41	)	(131,000.00	)	—	—
Deposits	2,263,885.41		12,372,637.77				—	—
Ending Balance	—		18,968,716.83		0.00		10,000,000.00	5,000,000.00

Amounts allocated during month ended:	August 31, 2004
Servicing fees	99,392.43
Administration fee	—
Auction agent fee	2,644.03
Broker dealer fee	66,100.86
Calculation agent fee	—
Trustee fee	2,041.67
	170,178.99
Activity on Financed Student Loans during month ended:	August 31, 2004
Recoveries of Principal	4,899,782.78
Recoveries of Interest	2,119,214.77
Acquisitions of Financed Student Loans	—
Sales of Financed Student Loans	—
Initial federal reimbursement claims	215,628.88
Rejected federal reimbursement claims	—

Education Funding Capital Trust-IV

Statements to Noteholders

Portfolio Statistics

August 31, 2004

(per Section 11.04)

	Number of Borrowers	Outstanding Balance			ABI
		Dollars	Percentage
Portfolio Breakdown:
In-School	0	0	0.00	%	0
Grace	0	0	0.00	%	0
Total Interim	0	0	0.00	%	0
Repayment - Current	22,952	657,715,646	69.89	%	28,656
Repayment - Delinquent	2,591	73,249,520	7.78	%	28,271
Forbearance	1,634	59,486,586	6.32	%	36,405
Deferment	3,846	150,680,120	16.01	%	39,178
Total Repayment	31,023	941,131,872	100.00	%	30,337
Total Portfolio	31,023	941,131,872	100.00	%	30,337
Breakdown of Delinquent:
11 - 30 days	1,374	36,889,895	3.92	%	26,849
31 - 60 days	522	15,372,067	1.63	%	29,448
61 - 90 days	304	9,259,227	0.98	%	30,458
91 - 120 days	176	5,260,833	0.56	%	29,891
121 - 150 days	105	3,085,049	0.33	%	29,381
151 - 180 days	79	2,190,602	0.23	%	27,729
181 - 210 days	30	1,176,225	0.12	%	39,208
211 - 240 days	0	0	0.00	%	0
241 - 270 days	0	0	0.00	%	0
Over 270 days	0	0	0.00	%	0
Claim Filed	1	15,622	0.00	%	15,622
Total Delinquent	2,591	73,249,520	7.78	%	28,271
Loan Type:
Stafford	0	0	0.00	%	0
PLUS	0	0	0.00	%	0
Consolidation	31,023	941,131,872	100.00	%	30,337
Total	31,023	941,131,872	100.00	%	30,337