Exhibit 35.1

 

SERVICER COMPLIANCE STATEMENT FOR

 COLLEGE LOAN CORPORATION TRUST I

March 10, 2008

College Loan Corporation

14303 Gateway Place

Poway, CA 92064

In                connection with the Annual Report on Form 10-K of the College Loan Corporation                Trust I for the fiscal year ending December 31, 2007 (the                “Report”) and                pursuant to Item 1123 of Regulation AB of the Securities and Exchange Commission,                the undersigned, a duly authorized officer of the ACS Education Services Inc. (the                “Servicer”), does                hereby certify and represent as follows:

| 1. | A review of the activities and performance of the                                Servicer under the Agreement dated as of March 11, 2002, as                                amended, between the Servicer and College Loan Corporation Trust I                                (the “Servicing                                Agreement”) for the period that is                                the subject of the Report has been made under the supervision of                                the undersigned; |
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| 2.     | To the best knowledge of the undersigned, based on                                such review, the Servicer has fulfilled all of its obligations                                under the Servicing Agreement in all material respects throughout                                the period that is the subject of the Report; except for material                                noncompliance with servicing criteria 1122(d)(2)(ii) and                                1122(d)(4)(iv). Related to criterion 1122(d)(2)(ii), disbursements                                made via wire transfers on behalf of an obligor to the lender were                                not made by authorized personnel. ACS Education Services did not                                maintain documented evidence that authorized personnel made                                disbursements via wire transfer on behalf of an obligor to the                                lender. While ACS Education Services management believes controls                                are in place which provide management reasonable assurance that                                wire transfers are made only by authorized personnel, documentation                                evidencing such was not available for a portion of the year ended                                December 31, 2007. Additional documentation (daily user access                                reports) is now retained to provide evidence of compliance with                                servicing criterion 1122(d)(2)(ii). Related to servicing criterion                                1122(d)(4)(iv), certain payments on pool assets were posted to the                                obligor records more than two business days after receipt. For                                certain pool assets, the related transaction agreement states that                                payments are to be made within a mutually acceptable schedule; the                                referenced schedule has not been executed. ACS Education Services                                expects to execute a mutually acceptable schedule with the                                applicable lender that will specify payment posting and effective                                date time frames when payments received do not allow for the                                systematic posting within two days after receipt. |
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| 3.     | To the best knowledge of the undersigned, based on                                such review, there have been no failures to fulfill any such                                obligation in any material respect, except for material                                noncompliance with servicing criteria 1122(d)(2)(ii) and                                1122(d)(4)(iv). Related to criterion 1122(d)(2)(ii), disbursements                                made via wire transfers un behalf of an obligor to the lender were                                not made by authorized personnel. ACS Education Services did not                                maintain documented evidence that authorized personnel made                                disbursements via wire transfer on behalf of an obligor to the                                lender. While ACS Education Services management believes controls                                are in place which provide management reasonable assurance that                                wire transfers are made only by authorized personnel, documentation                                evidencing such was not available for a portion of the year ended                                December 31, 2007. Additional documentation (daily user access                                reports) is now retained to provide evidence of compliance with                                servicing criterion 1122(d)(2)(ii). Related to servicing criterion                                1122(d)(4)(iv), certain payments on pool assets were posted to the                                obligor records more than two business days after receipt. For                                certain pool assets, the related transaction agreement states that                                payments are to be made within a mutually acceptable schedule; the                                referenced schedule has not been executed. ACS Education Services                                expects to execute a mutually acceptable schedule with the                                applicable lender that will specify payment posting and effective                                date time frames when payments received do not allow for the                                systematic posting within two days after receipt.                                                                                                              |

 

IN                WITNESS WHEREOF, the undersigned has executed this Servicer Compliance Statement as                of March 10, 2008.

 

| **ACS                                EDUCATION SERVICES, INC.**   |                                                  |
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|                                                              |                                                  |
| By:                                                               | /s/ Meta                                Gonzalez |   |
| Name:                                  Meta Gonzalez    |                                                  |
| Title:                                 Senior Vice President |                                                  |

 

 

| ACS2277 East 220th Street – Long Beach, CA                                90810-1596310 513 2700 |
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