Exhibit 33.3

****

GREAT LAKES EDUCATIONAL LOAN SERVICES, INC.

MANAGEMENT’S ASSESSMENT OF COMPLIANCE WITH REGULATION                AB

SERVICING CRITERIA

Great Lakes Educational Loan Services, Inc. (“Great                Lakes”) asserts as of December 31, 2007, and for the period from January 1,                2007 to December 31, 2007 (the “Reporting Period”), and as required by                Item 1122(d) of Regulation AB of the Securities and Exchange Commission                (“Regulation AB”), that:

|   | 1. | Great Lakes is responsible for assessing compliance                                as of and for the Reporting Period with the servicing criteria set                                forth in Item 1122(d) of Regulation AB, excluding the criteria                                which we have concluded are not applicable to the servicing                                activities we perform as indicated on the attached schedule (the                                “Applicable Servicing Criteria”), with respect to                                student loans serviced on the Great Lakes’ servicing system                                (the “Regulation AB Platform”); |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Great Lakes has assessed its compliance with the                                Applicable Servicing Criteria for the Reporting Period and has                                concluded that Great Lakes has complied, in all material respects,                                with the Applicable Servicing Criteria with respect to Regulation                                AB for the Regulation AB Platform; and |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | Ernst & Young LLP, an independent registered                                public accounting firm, has issued an attestation report on the                                assessment of compliance with the Applicable Servicing Criteria for                                the Reporting Period as set forth in this assertion. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

| Great                                Lakes Educational Loan Services, Inc. |
|----------------------------------------------------------------------------|
|                                                                       |
|                                                                       |
|  /s/ Michael J. Noack                                                 |
| Name:                                                                      | Michael                                J. Noack |
| Title:                                                                     | Chief                                Servicing Officer |

 

February 2, 2008

 

**GREAT LAKES EDUCATIONAL LOAN SERVICES, INC.**

Applicable Servicing Criteria Schedule (continued)

 

| **Reference**   | **Criteria**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **Applicable** |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|
|            | **General Servicing                                Considerations**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |           |
| 1122(d)(1)(i)   | Policies and procedures are instituted to monitor                                any performance or other triggers and events of default in                                accordance with the Transaction Documents.                                                                                                                                                                                                                                                                                                                                                          | Yes            |
| 1122(d)(1)(ii)  | If any material servicing activities arc outsourced                                to third parties, policies and procedures are instituted to monitor                                the third party’s performance and compliance with such                                servicing activities.                                                                                                                                                                                                                                                                        | Yes            |
| 1122(d)(1)(iii) | Any requirements in the Transaction Documents to                                maintain a back-up servicer for the trust student loans arc                                maintained.                                                                                                                                                                                                                                                                                                                                                                                         | No             |
| 1122(d)(1)(iv)  | A fidelity bond and errors and omissions policy is                                in effect on the party participating in the servicing function                                throughout the reporting period in the amount of coverage required                                by and otherwise in accordance with the terms of the Transaction                                Documents.                                                                                                                                                                                   | No             |
|            | **Cash Collection and                                Administration**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |           |
| 1122(d)(2)(i)   | Payments on trust student loans are deposited into                                the appropriate custodial bank accounts and related bank clearing                                accounts no more than two business days following receipt, or such                                other number of days specified in the Transaction                                Documents.                                                                                                                                                                                               | Yes            |
| 1122(d)(2)(ii)  | Disbursements made via wire transfer on behalf of an                                obligor or to an investor are made only by authorized                                personnel.                                                                                                                                                                                                                                                                                                                                                                                            | No             |
| 1122(d)(2)(iii) | Advances of funds or guarantees regarding                                collections, cash flows or distributions, and any interest or other                                fees charged for such advances, are made, reviewed and approved as                                specified in the Transaction Documents.                                                                                                                                                                                                                                                          | No             |
| 1122(d)(2)(iv)  | The related accounts for the transaction, such as                                cash reserve accounts or accounts established as a form of                                ovcrcollateralization, arc separately maintained (e.g., with                                respect to commingling of cash) as set forth in the Transaction                                Documents.                                                                                                                                                                                               | No             |
| 1122(d)(2)(v)   | Each custodial account is maintained at a federally                                insured depository institution as set forth in the Transaction                                Documents. For purposes of this criterion, “federally insured                                depository institution” with respect to a foreign financial                                institution means a foreign financial institution that meets the                                requirements of Section 240.13k-1 (b)(1) of Regulation                                AB. | Yes            |
| 1122(d)(2)(vi)  | Unissued checks arc safeguarded so as to prevent                                unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Yes            |

 

| 1122(d)(2)(vii) | Reconciliations are prepared on a monthly basis for                                all asset-backed securities related bank accounts, including                                custodial accounts and related bank clearing accounts. These                                reconciliations: (A) are mathematically accurate; (B) are prepared                                within 30 calendar days after the bank statement cutoff date, or                                such other number of days specified in the Transaction Documents;                                (C) are reviewed and approved by someone other than the person who                                prepared the reconciliation; and (D) contain explanations for                                reconciling items. These reconciling items are resolved within 90                                calendar days of their original identification, or such other                                number of days specified in the Transaction Documents. | Yes    |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|            | **Investor Remittance and                                Reporting**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| 1122(d)(3)(i)   | Reports to investors, including those to be filed                                with the Commission, are maintained in accordance with the                                Transaction Documents and applicable Commission requirements.                                Specifically, such reports: (A) are prepared in accordance with                                timeframes and other terms set forth in the Transaction Documents;                                (B) provide information calculated in accordance with the terms                                specified in the Transaction Documents; (C) are filed with the                                Commission as required by its rules and regulations; and (D) agree                                with investors’ or the trustee’s records as to the                                total unpaid principal balance and number of student loans serviced                                by the Servicer.                                         | No     |
| 1122(d)(3)(ii)  | Amounts due to investors are allocated and remitted                                in accordance with timeframes, distribution priority and other                                terms set forth in the Transaction Documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | No     |
| 1122(d)(3)(iii) | Disbursements made to an investor are posted within                                two business days to the Servicer’s investor records, or such                                other number of days specified in the Transaction                                Documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | No     |
| 1122(d)(3)(iv)  | Amounts remitted to investors per the investor                                reports agree with canceled checks, or other form of payment, or                                custodial bank statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | No     |
|            | **Pool Administration**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| 1122(d)(4)(i)   | Collateral or security on student loans is                                maintained as required by the Transaction Documents or related                                student loan documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | No     |
| 1122(d)(4)(ii)  | Student loans and related documents are safeguarded                                as required by the Transaction Documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Yes    |
| 1122(d)(4)(iii) | Any additions, removals or substitutions to the                                student loans are made, reviewed and approved in accordance with                                any conditions or requirements in the Transaction                                Documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | No     |

| 1122(d)(4)(iv)   | Payments on student loans, including any payoffs,                                made in accordance with the related student loan documents are                                posted to the Servicer’s obligor records maintained no more                                than two business days after receipt, or such other number of days                                specified in the Transaction Documents, and allocated to principal,                                interest or other items (e.g., escrow) in accordance with the                                related student loan documents.                                                                                                                                                                                                                                                                      | Yes |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|
| 1122(d)(4)(v)    | The Servicer’s records regarding the student                                loans agree with the Servicer’s records with respect to an                                obligor’s unpaid principal balance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Yes |
| 112(d)(4)(vi)    | Changes with respect to the terms or status of an                                obligor’s student loans (e.g., loan modifications or                                re-agings) are made, reviewed and approved by authorized personnel                                in accordance with the Transaction Documents and related student                                loan documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Yes |
| 112(d)(4)(vii)   | Loss mitigation or recovery actions (e.g.,                                forbearance plans, modifications and deeds in lieu of foreclosure,                                foreclosures and repossessions, as applicable) are initiated,                                conducted and concluded in accordance with the timeframes or other                                requirements established by the Transaction Documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Yes |
| 1122(d)(4)(viii) | Records documenting collection efforts are                                maintained during the period a student loan is delinquent in                                accordance with the Transaction Documents. Such records are                                maintained on at least a monthly basis, or such other period                                specified in the Transaction Documents, and describe the                                entity’s activities in monitoring delinquent student loans                                including, for example, phone calls, letters and payment                                rescheduling plans in cases where delinquency is deemed temporary                                (e.g., illness or unemployment).                                                                                                         | Yes |
| 1122(d)(4)(ix)   | Adjustments to interest rates or rates of return for                                student loans with variable rates are computed based on the related                                student loan documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Yes |
| 1122(d)(4)(x)    | Regarding any funds held in trust for an obligor                                (such as escrow accounts): (A) such funds are analyzed, in                                accordance with the obligor’s student loan documents, on at                                least an annual basis, or such other period specified in the                                Transaction Documents; (B) interest on such funds is paid, or                                credited, to obligors in accordance with applicable student loan                                documents and state laws; and (C) such funds are returned to the                                obligor within 30 calendar days of full repayment of the related                                student loans, or such other number of days specified in the                                Transaction Documents. | No  |

 

| 1122(d)(4)(xi)   | Payments made on behalf of an obligor (such as tax                                or insurance payments) are made on or before the related penalty or                                expiration dates, as indicated on the appropriate bills or notices                                for such payments, provided that such support has been received by                                the Servicer at least 30 calendar days prior to these dates, or                                such other number of days specified in the Transaction                                Documents. | No  |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|
| 1122(d)(4)(xii)  | Any late payment penalties in connection with any                                payment to be made on behalf of an obligor are paid from the                                Servicer’s funds and not charged to the obligor unless the                                late payment was due to the obligor’s error or                                omission.                                                                                                                                                                                                               | No  |
| 1122(d)(4)(xiii) | Disbursements made on behalf of an obligor are                                posted within two business days to the obligor’s records                                maintained by the Servicer, or such other number of days specified                                in the Transaction Documents.                                                                                                                                                                                                                                                                              | No  |
| 1122(d)(4)(xiv)  | Delinquencies, charge-offs and uncollectible                                accounts are recognized and recorded in accordance with the                                Transaction Documents.                                                                                                                                                                                                                                                                                                                                                                                            | Yes |
| 1122(d)(4)(xv)   | Any external enhancement or other support,                                identified in Item 1114(a)(1) through (3) or Item 1115 of                                Regulation AB, is maintained as set forth in the Transaction                                Documents.                                                                                                                                                                                                                                                                                                                | Yes |