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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K/A

| **/X/**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Annual report pursuant to Section 13 or 15(d) of the                                Securities Exchange Act of 1934                                                                                                                                                                                                                                                             |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | for the fiscal year ended December 31,                                2006                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | or                                                                                                                                                                                                                                                                                                                                                                              |
| /  /                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Transition report pursuant to Section 13 or 15(d) of                                the Securities Exchange Act of 1934                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Commission File Number:  **333-102791-01**                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **                                                  College                                Loan Corporation Trust I** |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (Exact name of registrant as specified in its                                charter)                                                                                                                                                                                                                                                                                           |
|  

**College Loan LLC**

                                                   (Exact name of depositor as specified in its charter)

                                 

**College Loan Corporation**

                                                 (Exact name of sponsor as specified in its charter) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                            |
| **Delaware**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | **45-6110137**                                                                                                                                                                                                                                                                                                                                                                  |
| (State or other jurisdiction of incorporation or                                organization)                                                                                                                                                                                                                                                                                                                                                                                                          | (I.R.S. Employer Identification No.)                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                            |
| **14303 Gateway Place**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                            |
| **Poway, California**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **92064**                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                            |
| (Address of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (Zip Code)                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |  |

 

| Registrant’s telephone number, including area                                code:                                                                                                                                                                                                                                                                                                                                                                                                                                 | **(888) 972-6311**                                             |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Securities registered pursuant to Section 12(b) of                                the Act:                                                                                                                                                                                                                                                                                                                                                                                                                               | **None**                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Securities registered pursuant to Section 12(g) of                                the Act:                                                                                                                                                                                                                                                                                                                                                                                                                               | **None**                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Indicate by check mark if the registrant is a                                well-known seasoned issuer, as defined in Rule 405 of the                                Securities Act.                                                                                                                                                                                                                                                                                                                                    |
| Yes _______                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | No      X                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Indicate by check mark if the registrant is not                                required to file reports pursuant to Section 13 or Section 15(d) of                                the Act                                                                                                                                                                                                                                                                                                                                |
| Yes _______                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | No      X                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Indicate by check mark whether the registrant (1)                                has filed all reports required to be filed by Section 13 or 15(d)                                of the Securities Exchange Act of 1934 during the preceding 12                                months (or for such shorter period that the registrant was required                                to file such reports), and (2) has been subject to such filing                                requirements for the past 90 days. |
| Yes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | **X**                                                          | No |   |   |
| Indicate by check mark if disclosure of delinquent                                filers pursuant to Item 405 of Regulation S-K is not contained                                herein, and will not be contained, to the best of                                registrant’s knowledge, in definitive proxy or information                                statements incorporated by reference in Part III of this Form 10-K                                or any amendment to this Form 10-K. ____              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **Not Applicable.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Indicate by check mark whether the registrant is a                                large accelerated filer, an accelerated filer, a non-accelerated                                filer or a smaller reporting company. See the definitions of                                “large accelerated filer,” “accelerated                                filer” and smaller reporting company” in Rule 12b-2 on                                the Exchange Act.                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Large Accelerated Filer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Accelerated Filer __                                           |
| Non Accelerated Filer_X_                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Smaller Reporting                                Company**__** |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                           |
| Indicate by check mark whether the registrant is a                                shell company (as defined in Rule 12b-2 of the Exchange                                Act.):                                                                                                                                                                                                                                                                                                                      |
| Yes _______                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | No      X                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| State the aggregate market value of the voting and                                non-voting common equity held by nonaffiliates computed by                                reference to the price at which the common equity was last sold, or                                the average bid and asked price of such common equity, as of the                                last business day of the registrant’s most recently completed                                second fiscal quarter.                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

 

| **Not                                applicable**.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Not Applicable**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| List hereunder the following documents if                                incorporated by reference and the Part of the Form 10-K into which                                the document is incorporated: (1) Any annual report to                                security holders; (2) Any proxy or information statement; and                                (3) Any prospectus filed pursuant to Rule 424(b) or (c) under                                the Securities Act of 1933. The listed documents should be clearly                                described for identification purposes. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| **Not Applicable**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

 

 

Explanatory Note

This amended Annual Report on Form 10-K/A (the “Report”)                is filed with respect to College Loan Corporation Trust I solely to replace Exhibit                34.4, which was filed with College Loan Corporation Trust I’s Annual Report                on From 10-K/A on April 2, 2007.

 

| S**IGNATURES** |
|----------------|
|           |   |
|           | Pursuant to the requirements of Section 13 or 15(d)                                of the Securities Exchange Act of 1934, the Registrant has duly                                caused this report to be signed on its behalf by the undersigned,                                thereunto duly authorized: |
|           |   |

 

| College Loan Corporation Trust I |
|----------------------------------|
| By: College Loan LLC, Depositor  |
|                             |
|                             |
| By:                              | /s/ John Falb |
|                             | John Falb |
|                             | Chief Financial Officer |
|                             | College Loan LLC |
|                             | Senior Officer In Charge of |
|                             | Securitization |

 

 

**INDEX TO EXHIBITS**

| 34.4 | Independent Accountant’s Attestation Report                                concerning servicing activities of College Loan Corporation for the                                year ended December 31, 2006. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|