The National Collegiate Student Loan Trust 2007-1
Issue Date: March 8, 2007
Issue Amount: $ 1,125,300,000

Securities Offered:
Class A-1 Floating Rate Student Loan Asset Backed Notes
Rate: One Month LIBOR plus 0.04%
Final Maturity: June 25, 2025
CUSIP: 63543XAA7
ISIN: US63543XAA72

Class A-2 Floating Rate Student Loan Asset Backed Notes
Rate: One Month LIBOR plus 0.13%
Final Maturity: November 27, 2028
CUSIP: 63543XAB5
ISIN: US63543XAB55

Class A-3 Floating Rate Student Loan Asset Backed Notes
Rate: One Month LIBOR plus 0.24%
Final Maturity: July 25, 2030
CUSIP: 63543XAC3
ISIN: US63543XAC39

Class A-4 Floating Rate Student Loan Asset Backed Notes
Rate: One Month LIBOR plus 0.305%
Final Maturity: October 25, 2033
CUSIP: 63543XAD1
ISIN: US63543XAD12

Class B Floating Rate Student Loan Asset Backed Notes
Rate: One Month LIBOR plus 0.33%
Final Maturity: November 25, 2033
CUSIP: 63543XAF6
ISIN: US63543XAF69

Class C Floating Rate Student Loan Asset Backed Notes
Rate: One Month LIBOR plus 0.50%
Final Maturity: December 27, 2033
CUSIP: 63543XAG4
ISIN: US63543XAG43

Class D Floating Rate Student Loan Asset Backed Notes
Rate: One Month LIBOR plus 1.15%
Final Maturity: January 25, 2034
CUSIP: 63543XAH2
ISIN: US63543XAH26

Class A-IO Notes
Rate: 7.27%
Final Maturity: April 25, 2012
CUSIP: 63543XAE9
ISIN: US63543XAE94

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:
Wilmington Trust Company

Administrator:
First Marblehead Data Services, Inc.

Underwriters:
Deutsche Bank Securities
Banc of America Securities LLC
Citigroup