The National Collegiate Student Loan Trust 2005-3 NCF Grantor Trust 2005-3 $ 213,375,000 Class A-1 Floating Rate Student Loan Asset Backed Notes $ 415,110,000 Class A-2 Floating Rate Student Loan Asset Backed Notes $ 302,434,000 Class A-3 Floating Rate Student Loan Asset Backed Notes $ 137,008,000 Class A-4 Floating Rate Student Loan Asset Backed Notes $ 440,948,000 Class A-5-1 Floating Rate Student Loan Asset Backed Certificates $ 265,000 Class A-5-2 Floating Rate Student Loan Asset Backed Certificates $ 83,000,000 Class B Floating Rate Student Loan Asset Backed Notes $ 84,500,000 Class C Floating Rate Student Loan Asset Backed Notes $ 440,948,000 Class A-IO-1 Certificates - Initial Notional Amount $ 265,000 Class A-IO-2 Certificates - Initial Notional Amount Monthly Servicing Reports 2005:  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 | 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: 1/25/2010 | 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   Indenture | Second Supplemental Indenturee The National Collegiate Student Loan Trust 2005-3 Issue Date: October 12, 2005 Issue Amount: $ 1,676,640,000 Securities Offered: Class A-1 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.07% Final Maturity: March 26, 2018 CUSIP: 63543TAA6 ISIN: US63543TAA60 Class A-2 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.20% Final Maturity: September 25, 2025 CUSIP: 63543TAB4 ISIN: US63543TAB44 Class A-3 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.24% Final Maturity: July 25, 2028 CUSIP: 63543TAC2 ISIN: US63543TAC27 Class A-4 Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.28% Final Maturity: April 25, 2029 CUSIP: 63543TAD0 ISIN: US63543TAD00 Class A-5-1 Floating Rate Student Loan Asset Backed Certificates Rate: One Month LIBOR plus 0.38% Final Maturity: October 25, 2033 CUSIP: 63543TAE8 ISIN: US63543TAE82 Class A-5-2 Floating Rate Student Loan Asset Backed Certificates Rate: One Month LIBOR plus 0.38% Final Maturity: October 25, 2033 CUSIP: 63543TAF5 ISIN: US63543TAF57 Class B Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.50% Final Maturity: July 27, 2037 CUSIP: 63543TAJ7 ISIN: US63543TAJ79 Class C Floating Rate Student Loan Asset Backed Notes Rate: One Month LIBOR plus 0.71% Final Maturity: August 25, 2037 CUSIP: 63543TAK4 ISIN: US63543TAK43 Class A-IO-1 Certificates Rate: 4.80% Final Maturity: July 25, 2012 CUSIP: 63543TAG3 ISIN: US63543TAG31 Class A-IO-2 Certificates Rate: 4.80% Final Maturity: July 25, 2012 CUSIP: 63543TAH1 ISIN: US63543TAH14 Structuring Advisor: The First Marblehead Corporation Student Loan Guarantor: The Education Resources Institute, Inc. (TERI) Student Loan Servicer: Pennsylvania Higher Education Assistance Agency (PHEAA) Indenture Trustee / Grantor Trustee: U.S. Bank National Association Owner Trustee: Delaware Trust Company, National Association Administrator: First Marblehead Data Services, Inc. Underwriters: Deutsche Bank Securities Goldman, Sachs & Co. JPMorgan Citigroup Credit Suisse First Boston RBS Greenwich Capital UBS Investment Bank 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.