Report
      of
      Independent Registered Public Accounting Firm





The
      Board
      of Directors and Shareholder


U.S.
      Bank
      National Association





We
      have
      examined management’s assertion, included in the accompanying Management’s
      Report on Assessment of Compliance with Securities and Exchange Commission
      Regulation AB Servicing Criteria, that U.S. Bank National Association (the
      Company) complied with the servicing criteria set forth in Item 1122 (d) of
      the
      Securities and Exchange Commission’s Regulation AB for National Collegiate
      Student Loan Trust 2006-1 and the National Collegiate Student Loan Trust 2006-2
      (the Platform) as of June 30, 2006, and for the periods from March 9, 2006
      (the
      date of issuance) through June 30, 2006, for National Collegiate Student Loan
      Trust 2006-1 and June 8, 2006 (date of issuance) through June 30, 2006, for
      National Collegiate Student Loan Trust 2006-2, except for criteria 1122
      (d)(1)(i) through 1122 (d)(1)(iv), 1122 (d)(2)(iii), 1122 (d)(2)(v), 1122
      (d)(2)(vi), 1122 (d)(3)(i), 1122 (d)(3)(ii), and 1122 (d)(4)(i) through 1122
      (d)(4)(xv), which management has determined are not applicable to the activities
      performed by the Company with respect to the Platform. Management is responsible
      for the Company’s compliance with the servicing criteria. Our responsibility is
      to express an opinion on management’s assertion about the Company’s compliance
      with the servicing criteria based on our examination.





Our
      examination was conducted in accordance with standards of the Public Company
      Accounting Oversight Board (United States) and, accordingly, included examining,
      on a test basis, evidence about the Company’s compliance with the servicing
      criteria and performing such other procedures as we considered necessary in
      the
      circumstances. Our examination included selecting a sample of transactions
      and
      compliance activities related to the Platform during the examination period
      and
      determining whether the Company processed those transactions and performed
      those
      activities in compliance with the servicing criteria. Furthermore, our testing
      of the selected transactions and compliance activities was limited to
      calculations, reports, and activities performed by the Company during the
      periods covered by this report. Our procedures, although covering the relevant
      period, did not include determining whether errors may have occurred prior
      to
      our tests that may have affected the balances or amounts calculated or reported
      by the Company during the periods covered by this report for the selected
      transactions or any other transactions. We believe that our examination provides
      a reasonable basis for our opinion. Our examination does not provide a legal
      determination on the Company’s compliance with the servicing
      criteria.





In
      our
      opinion, management’s assertion that the Company complied with the
      aforementioned servicing criteria as of June 30, 2006, and for the periods
      from
      March 9, 2006 to June 30, 2006, for National Collegiate Student Loan Trust
      2006-1 and June 8, 2006 to June 30, 2006, for National Collegiate Student Loan
      Trust 2006-2 Platform is fairly stated, in all material respects.





/s/
                Ernst & Young LLP





Minneapolis,
      Minnesota


August
      18, 2006