$330,000,000 Class A-1 Student Loan-Backed Notes
$422,000,000 Class A-2 Student Loan-Backed Notes
$310,000,000 Class A-3 Student Loan-Backed Notes
$282,000,000 Class A-4 Student Loan-Backed Notes
$56,000,000 Class B Student Loan-Backed Notes
| Date of Issue: | February 16, 2005 |
| Issue Amount: | $1,400,000,000 |
Securities Offered:
| Class A-1 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.02% |
| CUSIP: | 19458LAZ3 |
| Class A-2 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.09% |
| CUSIP: | 19458LBA7 |
| Class A-3 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.13% |
| CUSIP: | 19458LBB5 |
| Class A-4 Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.20% |
| CUSIP: | 19458LAV2 |
| Class B Floating Rate Asset-Backed Notes |
|---|
| Rate: | Three Month LIBOR + 0.30% |
| CUSIP: | 19458LBD1 |