The National Collegiate Student Loan Trust 2005-1

NCF Grantor Trust 2005-1 $ 248,980,000 Class A-1 Floating Rate Student Loan Asset Backed Notes $ 127,000,000 Class A-2 Floating Rate Student Loan Asset Backed Notes $ 157,240,000 Class A-3 Floating Rate Student Loan Asset Backed Notes $ 159,720,000 Class A-4 Floating Rate Student Loan Asset Backed Notes $ 163,731,700 Class A-5-1 Floating Rate Student Loan Asset Backed Certificates $ 98,300 Class A-5-2 Floating Rate Student Loan Asset Backed Certificates $ 46,360,000 Class B Floating Rate Student Loan Asset Backed Notes $ 48,370,000 Class C Floating Rate Student Loan Asset Backed Notes $ 163,830,000 Class A-IO Certificates - Initial Notional Amount

Monthly Servicing Reports

2005: 04/25/05 | 05/25/05 | 06/27/05 | 07/25/05 |  08/25/05 | 09/26/05 | 10/25/05 | 11/25/05 |  12/27/05 2006: 01/25/06 | 02/27/06 | 03/27/06 | 04/25/06 |  05/25/06 | 06/26/06 | 07/25/06 | 08/25/06 |  09/25/06 | 10/25/06 | 11/27/06 | 12/26/06 2007: 01/25/07 | 02/26/07 | 03/26/07 | 04/25/07 |  05/25/07 | 06/25/07 | 07/25/07 | 08/27/07 |  09/25/07 | 10/25/07 | 11/26/07 | 12/26/07 2008: 01/25/08 | 02/25/08 | 03/25/08 | 04/25/08 |  05/27/08 | 06/25/08  | 07/25/08 | 08/25/08 |  09/25/08 (Revised 10/21/08) | 10/27/08 |  11/25/08 | 12/26/08 2009: 1/26/09 | 2/25/09 | 3/25/09 | 4/27/09 |  05/26/09 | 06/25/09 | 07/27/09 | 08/25/09 |  09/25/09 | 10/26/09 | 11/25/09 | 12/28/09 2010: 1/25/10 | 2/25/2010 | 3/25/2010 | 4/26/2010 |  5/25/2010 | 6/25/2010 | 7/26/2010 | 8/25/2010 |  9/27/2010 | 10/25/2010 | 11/26/2010 | 12/27/2010 2011: 1/25/2011 | 2/25/2011| 3/25/2011 | 4/25/2011 |  5/25/2011 | 6/27/2011 | 7/25/2011 | 8/25/2011 |  9/26/2011 | 10/25/2011 | 11/25/2011 | 12/27/2011 2012: 1/25/2012

Related Documents

Current Rates Prospectus Portfolio Stratification at Issuance Indenture

The National Collegiate Student Loan Trust 2005-1

Issue Date: February 23, 2005 Issue Amount: $ 951,500,000 Securities Offered: Class A-1 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.06% Final Maturity: November 25, 2020 CUSIP: 63543PBD7 ISIN: US63543PBD78 Class A-2 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.09% Final Maturity: February 26, 2024 CUSIP: 63543PBE5 ISIN: US63543PBE51 Class A-3 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.14% Final Maturity: October 26, 2026 CUSIP: 63543PBF2 ISIN: US63543PBF27 Class A-4 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.24% Final Maturity: November 27, 2028 CUSIP: 63543PBG0 ISIN: US63543PBG00 Class A-5-1 Floating Rate Student Loan Asset Backed Certificates Rate: One Month LIBOR plus 0.48% Final Maturity: March 26, 2035 CUSIP: 63543PBM7 ISIN: US63543PBM77 Class A-5-2 Floating Rate Student Loan Asset Backed Certificates Rate: One Month LIBOR plus 0.48% Final Maturity: March 26, 2035 CUSIP: 63543PBN5 ISIN: US63543PBN50 Class B Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.38% Final Maturity: March 26, 2035 CUSIP: 63543PBK1 ISIN: US63543PBK12 Class C Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.70% Final Maturity: March 26, 2035 CUSIP: 63543PBL9 ISIN: US63543PBL94 Class A-IO Certificates Rate: 6.75% Final Maturity: December 28, 2009 CUSIP: 63543PBP0 ISIN: US63543PBP09 Structuring Advisor: The First Marblehead Corporation Student Loan Guarantor: The Education Resources Institute, Inc. (TERI) Student Loan Servicer: Pennsylvania Higher Education Assistance Agency (PHEAA) and other third party servicers Indenture Trustee / Grantor Trustee: U.S. Bank National Association Owner Trustee: Delaware Trust Company, National Association Administrator: First Marblehead Data Services, Inc. Underwriters: UBS Investment Bank Deutsche Bank Securities JPMorgan Citigroup Goldman, Sachs & Co. Lehman Brothers Not all information mentioned above is current. Any dated information is published as of its date only and First Marblehead does not undertake any obligation or responsibility to update or amend such information. Past performance is not a representation or prediction as to future results.