EXHIBIT 20.1

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 December 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
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$100,000,000
$23,000,000
$0
$28,000,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$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 December 2005;

Interest Paid
$-
$-
$-
$234,637
$234,637
$228,475
$226,796
$200,005
$62,132
$135,324
$317,603
$318,360
$316,060
$323,720
$635,180
$310,680
$313,760
$319,900
$73,577
$-
$311,420
$314,380
$314,380
$314,380
$335,340
$335,340
$335,340
$326,258
$326,258
$326,258
$326,258
$130,104
$129,488
$133,480
$-
$322,960
$309,940
$318,360
$321,420
$319,900
$323,720
$323,720
$-
$-
$81,315
$79,590
$-
$-
$-
$-
$-
$-
$-
$666,640
$-
$-
$-
$-
$-
$131,640

(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;

Outstanding
Balance
$ -
$ -
$ -
$ 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
$ -
$ -
$ -
$ 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
$ -
$ 100,000,000
$ 100,000,000
$ 100,000,000
$ 100,000,000
$ 100,000,000
$ 100,000,000
$ 100,000,000
$ -
$ -
$ 25,000,000
$ 25,000,000
$ -
$ 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 December 2005, indicating how such interest rate is calculated;

Interest
Rate
n/a
n/a
n/a
4.242%
4.227%
4.245%
4.260%
4.237%
4.248%
4.372%
4.264%
4.287%
4.225%
4.252%
4.209%
4.192%
4.255%
4.170%
4.170%
n/a
4.264%
4.305%
4.305%
4.305%
4.190%
4.190%
4.190%
4.253%
4.253%
4.253%
4.253%
4.379%
4.319%
4.372%
n/a
4.233%
4.258%
4.247%
4.265%
4.240%
4.249%
4.249%
n/a
n/a
4.379%
4.392%

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
n/a
4.20000%
4.20000%
4.20000%
4.20000%
4.20000%
4.20000%

4.20000%
4.20000%
4.20000%
4.20000%
4.20000%

Spread
n/a
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
n/a
4.34000%
4.40000%
4.25000%
4.31000%
4.36000%
4.39000%
4.419%
4.23000%
4.30000%
4.32000%
4.35000%
4.40000%
4.459%

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 as of the close of business on the last day of December 2005;

Servicing fees $1,082,961

(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 as of the close of business on the last day of December 2005;

Fee
Administration
Auction Agent
Market Agent
Calculation Agent
Broker-Dealer
Delaware Trustee
Trustee
Eligible Lender Trustee
Verification Agent

Amount
$1,054,108
$11,619
$0
$0
$560,332
$5,000
$19,823
$25,000
*

*Verification Agent fees are included in Trustee fees above

(i)

the amount of principal and interest received during December 2005 relating to Financed Student Loans;

Amount of principal and interest received $105,830,830

(j)

the amount of the payment attributable to amounts in the Reserve Fund, the amount of any other withdrawals from the Reserve Fund 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
Amount of any other withdrawals from the Reserve Fund
Ending Balance of Reserve Fund

$0
$1,132,500
$49,262,250

(k)

the portion, if any, of the payments made on the Notes as described in sections (a) or (b) above during December 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 during December 2005;

Amounts paid to acquire Student Loans $509,133

(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 $0

(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 $6,565,874,814

Outstanding 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%

EXHIBIT 20.1

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

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

COLLEGE LOAN CORP 8-K