Exhibit 99.1

Annual Statement of
College Loan Corporation Trust I

# College Loan
Corporation Trust I Series 2003-2, Series 2004-1, and 2005-1
Statement to Note Holders
As of and for the period ended: 12/31/2005

Pursuant to section 11.04 of the Trust Indenture, the following is
provided to the trustee by the issuer. The information shown below has not been
independently verified, however it is believed to be accurate to the best of the
issuers knowledge.

|(a) |  | the amount of payments with respect to each series of Notes paid with respect to
          principal during the reporting period January 1, 2005 through December 31, 2005;
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Series
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-2  
2003-2  
2003-2  
2004-1  
2004-1  
2004-1  
2004-1  
2004-1  
2005-1  
2005-1  
2005-1  
2005-1  
2005-1  
2005-1 | Class
  A-1  
  A-2  
  A-3  
  A-4  
  A-5  
  A-6  
  A-7  
  A-8  
  A-9  
  B-1  
  A-10 
  A-11 
  A-12 
  A-13 
  A-14 
  A-15 
  A-16 
  A-17 
  A-18 
  A-19 
  A-20 
  A-21 
  A-22 
  A-23 
  A-24 
  A-25 
  A-26 
  A-27 
  A-28 
  A-29 
  A-30 
  B-2  
  B-3  
  B-4  
  A-1  
  A-2  
  A-3  
  A-4  
  A-5  
  A-6  
  A-7  
  A-8  
  A-9  
  A-10 
  B-1  
  B-2  
  A-1  
  A-2  
  A-3  
  A-1  
  A-2  
  A-3  
  A-4  
  B-1  
  A-1  
  A-2  
  A-3  
  A-4  
  A-5  
  B-1 | Principal Paid
            $0  
            $0  
   $57,100,000  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
  $100,000,000  
   $80,000,000  
  $100,000,000  
   $28,000,000  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
  $100,000,000  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
  $100,000,000  
   $50,000,000  
            $0  
            $0  
  $175,100,000  
   $55,600,000  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0  
            $0 | 
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | 

|(b) |  | the amount of payments with respect to each series of Notes paid with respect to
          interest during the reporting period January 1, 2005 through December 31, 2005;
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Series
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
 2002   
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2002-2  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-1  
2003-2  
2003-2  
2003-2  
2004-1  
2004-1  
2004-1  
2004-1  
2004-1  
2005-1  
2005-1  
2005-1  
2005-1  
2005-1  
2005-1 | Class
 A-1    
 A-2    
 A-3    
 A-4    
 A-5    
 A-6    
 A-7    
 A-8    
 A-9    
 B-1    
 A-10   
 A-11   
 A-12   
 A-13   
 A-14   
 A-15   
 A-16   
 A-17   
 A-18   
 A-19   
 A-20   
 A-21   
 A-22   
 A-23   
 A-24   
 A-25   
 A-26   
 A-27   
 A-28   
 A-29   
 A-30   
 B-2    
 B-3    
 B-4    
 A-1    
 A-2    
 A-3    
 A-4    
 A-5    
 A-6    
 A-7    
 A-8    
 A-9    
 A-10   
 B-1    
 B-2    
 A-1    
 A-2    
 A-3    
 A-1    
 A-2    
 A-3    
 A-4    
 B-1    
 A-1    
 A-2    
 A-3    
 A-4    
 A-5    
 B-1 | Interest Paid
           $0      
           $0      
     $735,288      
   $2,375,084      
   $2,404,810      
   $2,298,726      
   $2,323,634      
   $2,322,553      
     $643,379      
   $1,422,019      
   $3,279,940      
   $3,287,120      
   $3,322,700      
   $3,369,841      
   $3,370,754      
   $3,115,605      
   $3,162,343      
   $3,200,964      
   $2,100,581      
   $2,320,196      
   $3,317,816      
   $3,342,418      
   $3,342,418      
   $3,342,418      
   $3,372,506      
   $3,372,506      
   $3,372,506      
   $3,321,754      
   $3,321,754      
   $3,321,754      
   $3,321,754      
   $1,350,016      
   $1,366,920      
   $1,374,656      
     $283,440      
   $3,435,075      
   $3,400,818      
   $3,474,288      
   $3,494,900      
   $3,453,143      
   $3,538,543      
   $3,553,852      
   $1,877,633      
   $1,056,500      
     $844,525      
     $832,405      
   $2,651,032      
  $19,955,888      
   $9,696,463      
   $8,772,642      
   $9,378,571      
  $12,422,415      
   $6,272,041      
   $3,525,680      
   $5,156,924      
   $9,586,769      
   $7,362,644      
   $5,299,635      
   $3,443,561      
   $1,197,408 | 
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

|(c) |  | the amount of the payments allocable to any interest that was carried over
          together with the amount of any remaining outstanding interest that was carried
          over; Carry over amounts         
  $0.00
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(d) |  | the principal balance of Financed Student Loans as of the close of business on
          the last day of December 2005; Principal Balance of Financed Student Loans   
   $6,190,443,530
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(e) |  | the aggregate outstanding principal amount of the Notes of each series as of the
          close of business on the last day of December 2005, after giving effect to
          payments allocated to principal reported under paragraph (a) above;
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Series
   2002    
   2002    
   2002    
   2002    
   2002    
   2002    
   2002    
   2002    
   2002    
   2002    
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2002-2   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-1   
  2003-2   
  2003-2   
  2003-2   
  2004-1   
  2004-1   
  2004-1   
  2004-1   
  2004-1   
  2005-1   
  2005-1   
  2005-1   
  2005-1   
  2005-1   
  2005-1 | Class
  A-1  
  A-2  
  A-3  
  A-4  
  A-5  
  A-6  
  A-7  
  A-8  
  A-9  
  B-1  
 A-10  
 A-11  
 A-12  
 A-13  
 A-14  
 A-15  
 A-16  
 A-17  
 A-18  
 A-19  
 A-20  
 A-21  
 A-22  
 A-23  
 A-24  
 A-25  
 A-26  
 A-27  
 A-28  
 A-29  
 A-30  
  B-2  
  B-3  
  B-4  
  A-1  
  A-2  
  A-3  
  A-4  
  A-5  
  A-6  
  A-7  
  A-8  
  A-9  
 A-10  
  B-1  
  B-2  
  A-1  
  A-2  
  A-3  
  A-1  
  A-2  
  A-3  
  A-4  
  B-1  
  A-1  
  A-2  
  A-3  
  A-4  
  A-5  
  B-1 | Outstanding Balance
                  $0    
                  $0    
                  $0    
         $73,000,000    
         $73,000,000    
         $73,000,000    
         $73,000,000    
         $73,000,000    
         $19,900,000    
         $42,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
                  $0    
                  $0    
                  $0    
         $72,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
         $40,000,000    
         $40,000,000    
         $40,000,000    
                  $0    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
        $100,000,000    
                  $0    
                  $0    
         $25,000,000    
         $25,000,000    
                  $0    
        $591,200,000    
        $308,200,000    
        $293,000,000    
        $307,000,000    
        $400,000,000    
        $200,000,000    
        $100,000,000    
        $216,000,000    
        $393,000,000    
        $300,000,000    
        $214,000,000    
        $137,000,000    
         $40,000,000 | 
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

|(f) |  | the interest rate for any series of variable rate Notes for the reporting period
          January 1, 2005 through December 31, 2005, indicating how such interest rate is
          calculated;
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Series
  2002   
  2002   
  2002   
  2002   
  2002   
  2002   
  2002   
  2002   
  2002   
  2002   
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2002-2  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1  
 2003-1 | Class
  A-1   
  A-2   
  A-3   
  A-4   
  A-5   
  A-6   
  A-7   
  A-8   
  A-9   
  B-1   
  A-10  
  A-11  
  A-12  
  A-13  
  A-14  
  A-15  
  A-16  
  A-17  
  A-18  
  A-19  
  A-20  
  A-21  
  A-22  
  A-23  
  A-24  
  A-25  
  A-26  
  A-27  
  A-28  
  A-29  
  A-30  
  B-2   
  B-3   
  B-4   
  A-1   
  A-2   
  A-3   
  A-4   
  A-5   
  A-6   
  A-7   
  A-8   
  A-9   
  A-10  
  B-1   
  B-2 | Interest Rate
     n/a          
     n/a          
         2.876%   
         3.323%   
         3.324%   
         3.310%   
         3.324%   
         3.303%   
         3.337%   
         3.490%   
         3.365%   
         3.366%   
         3.352%   
         3.351%   
         3.327%   
         3.317%   
         3.357%   
         3.364%   
         3.377%   
         3.168%   
         3.397%   
         3.419%   
         3.419%   
         3.419%   
         3.415%   
         3.415%   
         3.415%   
         3.424%   
         3.424%   
         3.424%   
         3.424%   
         3.473%   
         3.477%   
         3.460%   
         2.456%   
         3.350%   
         3.389%   
         3.405%   
         3.414%   
         3.376%   
         3.385%   
         3.400%   
         3.146%   
         3.202%   
         3.486%   
         3.468% | Interest Calculation
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
  7-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate    
 28-Day Auction Rate | 
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

|Series
  2003-2   
  2003-2   
  2003-2   
  2004-1   
  2004-1   
  2004-1   
  2004-1   
  2004-1   
  2005-1   
  2005-1   
  2005-1   
  2005-1   
  2005-1   
  2005-1 | Class
  A-1       
  A-2       
  A-3       
  A-1       
  A-2       
  A-3       
  A-4       
  B-1       
  A-1       
  A-2       
  A-3       
  A-4       
  A-5       
  B-1 | Weighted Average
Libor Rate
    3.08750%
    3.29086%     
    3.29156%     
    3.29156%     
    3.29156%     
    3.29156%     
    3.29156%     
    3.33464%     
    3.33464%     
    3.33464%     
    3.33464%     
    3.33464% | Spread
 0.03000%  
 0.14000%  
 0.20000%  
 0.05000%  
 0.11000%  
 0.16000%  
 0.19000%  
 0.03000%  
 0.10000%  
 0.12000%  
 0.15000%  
 0.20000% | Weighted Average
Rate
           3.11750%    
           3.43086%    
           3.49156%    
           3.34156%    
           3.40156%    
           3.45156%    
           3.48156%    
             3.544%    
           3.36464%    
           3.43464%    
           3.45464%    
           3.48464%    
           3.53464%    
             3.519% | Interest Calculation
Floating Rate Note
Floating Rate Note
Floating Rate Note
Floating Rate Note
Floating Rate Note
Floating Rate Note
Floating Rate Note
28-Day Auction Rate
Floating Rate Note
Floating Rate Note
Floating Rate Note
Floating Rate Note
Floating Rate Note
28-Day Auction Rate
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(g) |  | the amount of the servicing fees allocated to the Servicers during the reporting
          period January 1, 2005 through December 31, 2005;Servicing
fees           $13,897,203
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(h) |  | the amount of the Administration Fee, any auction agent fees, market agent fees,
          calculation agent fees, broker-dealer fees, if any, fees paid to the Delaware
          Trustee, the Trustee, the Eligible Lender Trustee and the Verification Agent,
          all allocated during the reporting period January 1, 2005 through December 31,
          2005;
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Fee       
         Administration  
          Auction Agent  
           Market Agent  
      Calculation Agent  
          Broker-Dealer  
       Delaware Trustee  
                Trustee  
Eligible Lender Trustee  
     Verification Agent |  | Amount
 $13,239,276     
    $103,149     
          $0     
          $0     
  $8,048,611     
      $5,000     
    $468,605     
     $25,000     
           * | 
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| | *Verification Agent fees are included in Trustee fees above
| | -----------------------------------------------------------

|(i) |  | the amount of principal and interest received during the reporting period
          January 1, 2005 through December 31, 2005 relating to Financed Student Loans; Amount of principal and interest received     
        $1,334,815,762
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(j) |  | the amount of the payment attributable to amounts in the Reserve Fund, the
          amount of any other withdrawals from the Reserve Fund during the reporting
          period January 1, 2005 through December 31, 2005 and the balance of the Reserve
          Fund as of the close of business on the last day of December 2005; Amount of payment attributable to amounts in the Reserve Fund      $ 9,750,000Amount of any other withdrawals from the Reserve Fund      
            $ 6,343,500Ending Balance of Reserve Fund           
               
              
             
     $49,262,250
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(k) |  | the portion, if any, of the payments made on the Notes as described in sections
          (a) or (b) above during the reporting period January 1, 2005 through December
          31, 2005 attributable to amounts on deposit in the Acquisition Fund;Payments from the Acquisition Fund      
     $0
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(l) |  | the aggregate amount, if any, paid by the Trustee to acquire Student Loans from
          amounts on deposit in the Acquisition Fund subsequent to the closing date of the
          series 2005-1 Notes; Amounts paid to acquire Student Loans     
      $1,465,113,487
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(m) |  | the amount remaining in the Acquisition Fund that has not been used to acquire
          Student Loans and is being transferred to the Debt Service Fund; Amounts in Acquisition fund to be transferred to the Debt Service Fund
            $0
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(n) |  | the aggregate amount, if any, paid for Financed Student Loans purchased from the
          Trust during December 2005; Amounts paid for Financed Student Loans purchased from the Trust
           $897,365
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(o) |  | the number and principal amount of Financed Student Loans, as of the close of
          business on the last day of December 2005, that are (i) 0 to 30 days
          delinquent, (ii) 31 to 60 days delinquent, (iii) 61 to
          90 days delinquent, (iv) 91 to 120 days delinquent,
          (v) greater than 120 days delinquent and (vi) for which claims
          have been filed with the appropriate Guarantee Agency and which are awaiting
          payment;
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)
 (ii)
(iii)
 (iv)
  (v)
 (vi) | 0 to 30 days delinquent 
 31 to 60 days delinquent   
 61 to 90 days delinquent   
 91 to 120 days delinquent  
 > 120 day delinquent       
 & claims filed             
 Total | Number
 545,676   
  13,864   
   7,333   
   4,950   
  16,450   1,850   590,123 | Amount
  5,813,088,660       
    145,526,716       
     63,672,968       
     38,754,409       
    118,262,585       11,138,192
  6,190,443,530 | 
| | --------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- | 

|(p) |  | the Value of the Trust Estate and the Outstanding principal amount of the Notes
          as of the close of business on the last day of December 2005; and Value of the Trust Estate     
          
            
     $6,567,405,252Outstanding Principal amount of the Notes    $6,568,300,000
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(q) |  | the number and percentage by dollar amount of (i) rejected federal
          reimbursement claims for Financed Student Loans, (ii) Financed Student
          Loans in forbearance, and (iii) Financed Student Loans in deferment as of
          the close of business on the last day of December 2005.
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)  
(ii) 
(iii) | Outstanding rejected federal reimbursement claims
 Financed Student Loans in forbearance           
 Financed Student Loans in deferment | Number
27 
     37,124 
     59,549 | Percentage
*
9.19%
12.26% | 
| | ----------------- | ---------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------- | ------------------------- | 

* Less than 0.01%