CLC Trust I - Series 2005-1

THE SECURITIES LISTED HEREIN ARE REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION AND MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES.

Servicing Reports

SEC Filings

Prospectus Supplement, Student Loan Asset-Backed Notes Series 2005-1

$216,000,000 Class A-1 Senior Floating Rate Asset-Backed Notes
$393,000,000 Class A-2 Senior Floating Rate Asset-Backed Notes
$300,000,000 Class A-3 Senior Floating Rate Asset-Backed Notes
$214,000,000 Class A-4 Senior Floating Rate Asset-Backed Notes
$137,000,000 Class A-5 Senior Floating Rate Asset-Backed Notes
$40,000,000 Class B-1 Subordinate Auction Rate Asset-Backed Notes

Date Issued: January 26, 2005

Original Principal Amount: $1,300,000,000

Securities:

Class A-1 Senior Floating Rate Asset-Backed Notes
$216,000,000
Rate: 3-Month LIBOR + 0.03%
CSUIP: 194262CG4

Class A-2 Senior Floating Rate Asset-Backed Notes
$393,000,000
Rate: 3-Month LIBOR + 0.10%
CSUIP: 194262CH2

Class A-3 Senior Floating Rate Asset-Backed Notes
$300,000,000
Rate: 3-Month LIBOR + 0.12%
CSUIP: 194262CJ8

Class A-4 Senior Floating Rate Asset-Backed Notes
$214,000,000
Rate: 3-Month LIBOR + 0.15%
CSUIP: 194262CK5

Class A-5 Senior Floating Rate Asset-Backed Notes
$137,000,000
Rate: 3-Month LIBOR + 0.20%
CSUIP: 194262CL3

Class B-1 Subordinate Auction Rate Asset-Backed Notes
$40,000,000
CSUIP: 194262CM1

Issuer: College Loan Corporation Trust I

Depositor: College Loan Corporation

Issuer Administrator: College Loan Corporation

Indenture Trustee: Deutsche Bank Trust Company Americas

Eligible Lender Trustee: Deutsche Bank Trust Company Americas

Underwriters:
UBS Investment Bank
Citigroup
Goldman, Sachs & Co.
RBC Dain Rauscher Inc.

Ratings:

Senior notes:
Aaa Moody's
AAA S&P
AAA Fitch

Subordinate notes:
A2 Moody's
A S&P
A Fitch

For More Information Email: investorrelations@collegeloan.com