Collegiate Funding Services Education Loan Trust 2005-A Inactive
Filed: 14 Oct 05, 12:00am
EXHIBIT 20.1
Collegiate Funding Services Education Loan Trust 2005-A
Statement to Note Holders
As of and for the period ended: 9/30/05
Pursuant to section 4.15(c) 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.
| (i) | The amount of principal payments made with respect to each class of Notes during September, 2005; |
Class | Principal Paid | ||
A-1 | $ | 36,932,711.40 | |
A-2 | $ | 0.00 | |
A-3 | $ | 0.00 | |
A-4 | $ | 0.00 | |
B | $ | 0.00 | |
| (ii) | The amount of interest payments made with respect to each class of Notes during September, 2005; |
Class | Interest Paid | ||
A-1 | $ | 2,637,727.10 | |
A-2 | $ | 3,848,029.98 | |
A-3 | $ | 2,858,440.77 | |
A-4 | $ | 2,650,705.69 | |
B | $ | 540,692.38 | |
| (iii) | The aggregate principal balance of the Financed Eligible Loans as of the close of business on September 30, 2005; |
Principal Balance of Financed Eligible Loans | $ | 1,264,065,328.32 |
| (iv) | The aggregate outstanding principal amount of each class of Notes; |
Class | Principal Outstanding | ||
A-1 | $ | 258,126,101.07 | |
A-2 | $ | 422,000,000.00 | |
A-3 | $ | 310,000,000.00 | |
A-4 | $ | 282,000,000.00 | |
B | $ | 56,000,000.00 | |
Total | $ | 1,328,126,101.07 | |
| (v) | The interest rate for each class of Notes on September 30, 2005 and the next Distribution Date for each class; |
Class | Interest Rate | Next Distribution Date | |||
A-1 | 4.02000 | % | 12/28/05 | ||
A-2 | 4.09000 | % | 12/28/05 | ||
A-3 | 4.13000 | % | 12/28/05 | ||
A-4 | 4.20000 | % | 12/28/05 | ||
B | 4.30000 | % | 12/28/05 |
| (vi) | The number and principal amount of Financed Eligible Loans that are delinquent or for which claims have been filed with a Guarantee Agency; |
Delinquencies | Number of Loans | Principal Outstanding | % of Total Principal Outstanding | |||||
31-60 Days | 1,770 | $ | 32,552,927.32 | 2.58 | % | |||
61-90 Days | 673 | 10,971,677.97 | 0.87 | % | ||||
91-120 Days | 477 | 7,240,664.31 | 0.57 | % | ||||
121-150 Days | 444 | 6,689,271.92 | 0.53 | % | ||||
151-180 Days | 813 | 12,134,359.87 | 0.96 | % | ||||
181-210 Days | 728 | 12,126,387.62 | 0.96 | % | ||||
211-240 Days | 578 | 9,238,799.72 | 0.73 | % | ||||
241-270 Days | 3 | 69,848.37 | 0.01 | % | ||||
Claims Pending | 670 | 11,027,815.14 | 0.87 | % | ||||
Claims Filed | 176 | 3,014,150.34 | 0.24 | % | ||||
| (vii) | The total value of the Trust and outstanding principal amount of the Notes as of the close of business on September 30, 2005; |
Assets | |||
Cash & Cash Equivalents | $ | 10,283,604.00 | |
Student Loan Receivables | $ | 1,264,065,328.32 | |
Reserves | $ | 6,356,883.00 | |
Accrued Interest Receivable | $ | 18,031,973.00 | |
Other Assets | $ | 5,762,271.00 | |
Total Assets | $ | 1,304,500,059.32 | |
Liabilities | |||
Notes Payable | |||
Class A-1 | $ | 258,126,101.07 | |
Class A-2 | $ | 422,000,000.00 | |
Class A-3 | $ | 310,000,000.00 | |
Class A-4 | $ | 282,000,000.00 | |
Class B | $ | 56,000,000.00 | |
Total Notes Outstanding | $ | 1,328,126,101.07 | |
Other Liabilities | $ | 1,804,866.00 | |