UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported) March 6, 2007

The National Collegiate Student Loan Trust 2007-1
(Exact Name of Registrant as Specified in Charter)

The National Collegiate Funding LLC
(Exact Name of Depositor and Sponsor as Specified in Charter)

DELAWARE
(State or Other Jurisdiction
of Incorporation)

333-113336-06
(Commission
File Number)

43-6936488
(IRS Employer
Identification No.)

800 Boylston Street, 34th Floor, Boston, MA
(Address of Principal Executive Offices)

02199-8157
(Zip Code)

Registrant's telephone number, including area code (800) 895-4283

______________________________________________________________________________
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

The consolidated financial statements of The Education Resources Institute, Inc. ("TERI") as of and for the years ended June 30, 2004, June 30, 2005 and June 30, 2006, prepared in accordance with accounting principles generally accepted in the United States of America, to be included in the prospectus supplement of The National Collegiate Student Loan Trust 2007-1 dated March 6, 2007 have been audited by PricewaterhouseCoopers LLP, independent accountants, as stated in their reports appearing therein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

23.1	Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm of TERI.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 6, 2007

THE NATIONAL COLLEGIATE FUNDING LLC, as Depositor
for THE NATIONAL COLLEGIATE STUDENT LOAN
TRUST 2007-1

By:  GATE Holdings, Inc., Member

By: /s/ John A. Foxgrover
       Name:  John A. Foxgrover
       Title:    Vice President

National Collegiate Student Loan Trust 2007-1 8-K