College Loan Corporation Trust II Series 2007-1
Statement to Note Holders
As of and for the collection period ended: 04/30/2007
and the distribution period May 26, 2007 through June 11, 2007

Pursuant to section 11.03 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 between May 26, 2007 and June 11, 2007 made to the holder of record on the day prior to the applicable payment date. Specific payment dates listed below;

                 Series     Class     Principal Paid    Payment Date       Determination Date
                 ------     -----     --------------    ------------       ------------------
                 2007-1      A-1                $0
                 2007-1      A-2                $0
                 2007-1      A-3                $0
                 2007-1      A-4                $0
                 2007-1      A-5                $0
                 2007-1      A-6                $0
                 2007-1      A-7                $0
                 2007-1      A-8                $0
                 2007-1      A-9                $0
                 2007-1      A-10               $0
                 2007-1      A-11               $0
                 2007-1      A-12      $25,500,000        06/05/07            05/25/07
                 2007-1      A-13               $0
                 2007-1      A-14               $0
                 2007-1      B-1                $0
                 2007-1      B-2                $0
                 2007-1      B-3                $0
                 2007-1      B-4                $0

(b)

the amount of payments with respect to each series of Notes paid with respect to interest between May 26, 2007 and June 11, 2007 made to the holder of record on the day prior to the applicable payment date. Specific payment dates listed below;

            Series    Class         Interest Paid     Payment Date        Determination Date
            ------    -----         -------------     ------------        ------------------
            2007-1     A-1                   $0
            2007-1     A-2                   $0
            2007-1     A-3                   $0
            2007-1     A-4                   $0
            2007-1     A-5                   $0
            2007-1     A-6                   $0
            2007-1     A-7                   $0
            2007-1     A-8             $306,090           05/29/07                 05/25/07
            2007-1     A-9             $306,090           05/30/07                 05/25/07
            2007-1    A-10             $304,920           05/31/07                 05/25/07
            2007-1    A-11             $287,844           06/01/07                 05/25/07
            2007-1    A-12             $203,280           06/05/07                 05/25/07
            2007-1    A-13             $203,280           06/06/07                 05/25/07
            2007-1    A-14                   $0
            2007-1     B-1                   $0
            2007-1     B-2                   $0
            2007-1     B-3                   $0
            2007-1     B-4                   $0

(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

(d)

the principal balance of Financed Student Loans as of the close of business on the last day of April 2007;

Principal Balance of Financed Student Loans $1,515,947,039

(e)

the aggregate outstanding principal amount of the Notes of each series as of the close of business on June 11th, after giving effect to payments allocated to principal reported under paragraph (a) above;

                           Series      Class        Outstanding Balance
                           ------      -----        -------------------
                            2007-1      A-1               $ 200,000,000
                            2007-1      A-2               $ 278,000,000
                            2007-1      A-3               $ 222,000,000
                            2007-1      A-4               $  75,000,000
                            2007-1      A-5               $  75,000,000
                            2007-1      A-6               $  75,000,000
                            2007-1      A-7               $  75,000,000
                            2007-1      A-8               $  75,000,000
                            2007-1      A-9               $  75,000,000
                            2007-1     A-10               $  75,000,000
                            2007-1     A-11               $  70,800,000
                            2007-1     A-12               $  24,500,000
                            2007-1     A-13               $  50,000,000
                            2007-1     A-14               $ 200,000,000
                            2007-1      B-1               $  25,000,000
                            2007-1      B-2               $  25,000,000
                            2007-1      B-3               $  25,000,000
                            2007-1      B-4               $  25,000,000

(f)

the weighted average interest rate for any series of variable rate Notes between May 26th and June 11th, indicating how such interest rate is calculated;

                                       Weighted
                                       --------
                                        Average
                                        -------
                 Series     Class    Interest Rate      Interest Calculation
                 ------     -----    -------------      --------------------
                  2007-1     A-4         5.300%         28-Day Auction Rate
                  2007-1     A-5         5.290%         28-Day Auction Rate
                  2007-1     A-6         5.320%         28-Day Auction Rate
                  2007-1     A-7         5.320%         28-Day Auction Rate
                  2007-1     A-8         5.320%         28-Day Auction Rate
                  2007-1     A-9         5.305%         28-Day Auction Rate
                  2007-1     A-10        5.300%         28-Day Auction Rate
                  2007-1     A-11        5.313%         28-Day Auction Rate
                  2007-1     A-12        5.300%         28-Day Auction Rate
                  2007-1     A-13        5.300%         28-Day Auction Rate
                  2007-1     B-1         5.420%         28-Day Auction Rate
                  2007-1     B-2         5.500%         28-Day Auction Rate
                  2007-1     B-3         5.390%         28-Day Auction Rate
                  2007-1     B-4         5.370%         28-Day Auction Rate


                              Weighted Average
       Series       Class         Libor Rate         Spread     Weighted Average Rate     Interest Calculation
       ------       -----     ----------------       ------     ---------------------     --------------------
        2007-1       A-1           5.35500%           0.01000%        5.36500%             Floating Rate Note
        2007-1       A-2           5.35500%           0.06000%        5.41500%             Floating Rate Note
        2007-1       A-3           5.35500%           0.10000%        5.45500%             Floating Rate Note
        2007-1       A-14          5.32000%           0.09500%        5.41500%               Reset Rate Note

(g)

principal balances associated with an interest rate distribution applicable to pool assets as of April 30, 2007;

                            Interest Rate
                             Distribution        Principal Balance        %
                            -------------        -----------------        -
                             0.00% - 2.99%              $9,611,658     0.63%
                             3.00% - 3.99%             $76,089,624     5.02%
                             4.00% - 4.99%            $256,048,286    16.89%
                             5.00% - 5.99%            $219,055,458    14.45%
                             6.00% - 6.99%            $658,504,639    43.44%
                             7.00% - 7.99%            $147,545,367     9.73%
                             8.00% - 8.99%            $149,092,008     9.83%
                             9.00% - 9.99%                   $0.00     0.00%
                                    9.99%+                   $0.00     0.00%

(h)

the amount of the master servicing fees allocated for payment to the master servicer as part of monthly waterfall distribution;

Servicing fees $514,033
Allocation date 05/25/07

(i)

the amount of the Administration Fee, any auction agent fees, market agent fees, calculation agent fees, broker-dealer fees, fees paid to the Delaware Trustee, the Trustee, the Eligible Lender Trustee and the Back-Up Servicer, all paid or reserved for as part of the monthly waterfall distribution as of May 25, 2007;

                            Fee                      Amount      Payment Date
                            ---                      ------      ------------
                           Administration            $128,508      05/25/07
                            Auction Agent              $3,102      05/25/07
                             Market Agent                  $0
                        Calculation Agent                  $0
                            Broker-Dealer             $93,156      05/25/07
                         Delaware Trustee                  $0
                                  Trustee             $20,833      05/25/07
                  Eligible Lender Trustee                  $0
                         Back-Up Servicer                  $0

(j)

the amount of excess cash flow or excess spread and the disposition of excess cash flow based on the May 25, 2007 waterfall calculation;

Cash Availability
Expense Totals
Interest Distribution Allocation
Scheduled Principal Distribution Allocation
Amounts Deposited to the Acquisition Fund
Amount of excess cash flow or excess spread remaining in the Collection Fund

$35,669,365
($1,885,207)
($6,984,158)
($25,500,000)
($1,300,000)
$0

Item

Total Disposition

Amount

$0

(k)

the amount of principal and interest received during April 2007 relating to Financed Student Loans;

Amount of principal and interest received $39,963,181

(l)

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 April 2007;

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
$0
$8,500,000

(m)

the portion, if any, of the payments made on the Notes as described in sections (a) or (b) above between May 26, 2007 and June 11, 2007 attributable to amounts on deposit in the Acquisition Fund;

Payments from the Acquisition Fund $0

(n)

the aggregate amount, if any, paid by the Trustee to acquire Student Loans from amounts on deposit in the Acquisition Fund during April 2007;

Amounts paid to acquire Student Loans $52,441,543

(o)

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 remaining in the Acquisition Fund as of April 30, 2007

Amounts in Acquisition fund transferred to the Debt Service Fund

$1,502,100

$0

(p)

the aggregate amount, if any, paid for Financed Student Loans purchased from the Trust during April 2007;

Amounts paid for Financed Student Loans purchased from the Trust $0

(q)

the number of borrowers and principal amount of Financed Student Loans, as of the close of business on the last day of April 2007, 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;

                                                        Borrowers          Amount
                                                        ---------          ------
                (i)  0 to 30 days delinquent              114,260       $1,419,736,947
               (ii)  31 to 60 days delinquent               2,743          $39,092,773
              (iii)  61 to 90 days delinquent               3,142          $24,052,528
               (iv)  91 to 120 days delinquent              1,966           $8,650,668
                (v)  > 120 day delinquent                   5,036          $23,861,826
               (vi)  & claims filed                            33             $552,297
                                                          -------       --------------
                     Total                                127,180       $1,515,947,039

(r)

the Value of the Trust Estate as of the close of business on the last day of April 2007 and the Outstanding principal amount of the Notes as of the close of business on June 11th;

Value of the Trust Estate

Outstanding Principal amount of the Notes

$1,653,755,054

$1,670,300,000

(s)

the number of borrowers 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 April 2007.

                                                                         Borrowers     Percentage
                                                                         ---------     ----------
           (i)     Outstanding rejected federal reimbursement claims             0             0%
           (ii)    Financed Student Loans in forbearance                     6,217          9.56%
           (iii)   Financed Student Loans in deferment                       7,148          9.50%

(t)

amount of pool assets on the closing date and at the ending of April 2007

Beginning Pool Assets

Ending Pool Assets

$1,501,476,401

$1,515,947,039

(u)

the weighted average interest rate of the pool assets as of April 30, 2007

Weighted Average Interest Rate 6.133%

(v)

the weighed average maturity, expressed in months, of the pool assets for as of April 30, 2007

Weighted Average Maturity 205

(w)

prepayment amounts received during the month of April 2007

Prepayments $30,033,234

College Loan Corporation Trust II Series 2007-1 Statement to Note Holders As of and for the collection period ended: 04/30/2007 and the distribution period May 26, 2007 through June 11, 2007

College Loan Corporation Trust II Series 2007-1
Statement to Note Holders
As of and for the collection period ended: 04/30/2007
and the distribution period May 26, 2007 through June 11, 2007

College Loan Corp Trust II 10-D