College & University Facility Loan Trust One N-CSRS Certified semi-annual shareholder report (management investment company)

Berkadia Commercial Mortgage LLC
Report on Compliance with Minimum
Special Servicing Standards
As of and for the Year Ended December 31, 2010

Management’s Assertion Concerning Compliance
With Minimum Special Servicing Standards

February 28, 2011

As of and for the year ended December 31, 2010, Berkadia Commercial Mortgage LLC has complied in all material respects, with the minimum special servicing standards set forth in the company’s Special Servicing Policy (attached in exhibit I) which were derived from the Mortgage Banker’s Association of America’s Uniform Single Attestation Program for Mortgage Bankers.

As of December 31, 2010, the company was covered by insurance policies providing for $100 million of fidelity bond insurance and $100 million of errors and omission insurance.

Mark E. McCool
Executive Vice President
Servicing Operations & Strategic Initiatives
Berkadia Commercial Mortgage LLC

Michael Carp
Executive Vice President
Asset Management
Berkadia Commercial Mortgage LLC

Exhibit I

Berkadia Commercial Mortgage LLC
Special Servicing Policy

I. Recordkeeping

Records documenting the status of the loan shall be maintained during the period the loan is assigned to the special servicer. Such records shall describe the entity’s activities in monitoring the current status of the loan and are updated to reflect a change in status to be communicated to the investor.

II. Insurance

A fidelity bond and errors and omission policy shall be in effect on the servicing entity in the amount of coverage represented to investors.

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of January 01, 2011 through January 31, 2011

Collections:
Principal Payments	26,535.64
Interest Payments	19,266.80
Total Principal and Interest Collections	45,802.44
Payments and Reversals Posted to Suspense	—
Total Collections	45,802.44
Less: Servicing Fees (not withheld from remittances)	(321.77	)
Net Collections	45,480.67

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of January 01, 2011 through January 31, 2011

Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
01012011	20003901	COLL. OF CHAR	0	5625	5625	375000		103.13
01072011	20018701	SUOMI COLLEGE	8528.82	5546.7	14075.52	1840379.37		84.35
12302010	20002401	BOSTON UNIVER	18006.82	8120.1	26126.92	541340		148.87
		TOTALS:	26,535.64	19,291.80	45,827.44	2,756,719.37		336.35
01012011	20012401	MISSISSIPPI V	0	300	300	19999.99		(5.50	)
01012011	20021401	U OF NEBRASKA	5000	495	5495	33000		(9.08	)
								321.77
SF STILL DUE:
7012008	20012401	MISSISSIPPI V	10,000.00	150.00	10,150.00	10,000.00		2.75
10012009	20022701	UNIV OF VERMO	68,000.00	24,720.00	92,720.00	1,648,000.00		453.20
4012010	20022701	UNIV OF VERMO	68,000.00	23,700.00	91,700.00	1,580,000.00		434.50
10012010	20022701	UNIV OF VERMO	70,000.00	22,680.00	92,680.00	1,512,000.00		415.80
10012010	20001301	AUGSBERG COLL	0.00	8,400.00	8,400.00	560,000.00		(154.00	)
10012010	20001401	AZUSA UNIVERS	0.00	5,295.00	5,295.00	353,000.00		(97.08	)
10012010	20004001	COLL.OF ST. T	0.00	3,900.00	3,900.00	260,000.00		(71.50	)
10012010	20012101	MIDDLEBURY CO	27,000.00	7,575.00	34,575.00	505,000.00		(138.88	)
10012010	20013502	NEW ENGLAND C	0.00	7,725.00	7,725.00	515,000.00		(141.63	)
10012010	20019101	TAYLOR UNIV.	60,000.00	900.00	60,900.00	60,000.00		(16.50	)
11012010	20020001	UNIV. OF ALAB	0.00	15,540.00	15,540.00	1,036,000.00		(284.90	)
11012010	20021301	UNIV OF MONTE	0.00	2,310.00	2,310.00	154,000.00		(42.35	)
12012010	20010801	LONG ISLAND U	0.00	3,675.00	3,675.00	245,000.00		(67.38	)

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of January 01, 2011 through January 31, 2011

		Total
Loan Number	Payoff Date	Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of January 01, 2011 through January 31, 2011

		Total Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of January 31, 2011

Loan		Interest		Current		Maturity
Number	Borrower Name	Rate		UPB		Date
20000101	ALBION COLLEGE		3		470,025.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		523,333.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301	HARCUM COLLEGE		3		245,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		228,050.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,831,850.55		8062014
20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		128,050.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
					15,337,413.65

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of January 31, 2011

Loan		Interest		Current		Maturity
Number	Borrower Name	Rate		UPB		Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD		3.00		263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
	Totals:				42,740,340.01

Page 10 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of January 31, 2011

		Next
Loan		Payment
Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,799.99		19,999.99
20022701	UNIV OF VERMONT		4/1/2009		277,145.00		1,648,000.00
20000101	ALBION COLLEGE		10/1/2010		25.00		470,025.00
20001301	AUGSBERG COLLEGE		10/1/2010		8,400.00		560,000.00
20001401	AZUSA UNIVERSITY		10/1/2010		5,295.00		353,000.00
20004001	COLLEGE OF ST.THOMAS		10/1/2010		3,900.00		260,000.00
20004401	R.I. JR. COLLEGE		10/1/2010		25.00		176,025.00
20012101	MIDDLEBURY COLLEGE		10/1/2010		7,600.00		478,025.00
20013501	NEW ENGLAND COLLEGE		10/1/2010		50.00		86,049.99
20013502	NEW ENGLAND COLLEGE		10/1/2010		7,725.00		515,000.00
20019101	TAYLOR UNIVERSITY		10/1/2010		60,900.00		60,000.00
20022602	UNIVERSITY OF STEUBENVILLE		10/1/2010		2,220.00		148,000.00
20013301	MORRIS COLLEGE		11/1/2010		50.00		228,050.00
20019201	TEMPLE UNIV		11/1/2010		50.00		128,050.00
20020001	UNIV OF ALABAMA		11/1/2010		15,540.00		1,036,000.00
20021301	UNIV OF MONTEVALLO		11/1/2010		2,310.00		154,000.00
20010801	LONG ISLAND UNIVERSITY		12/1/2010		3,675.00		245,000.00
	TOTAL				416,709.99		6,565,224.98

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of January 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of February 01, 2011 through February 28, 2011

Collections:
Principal Payments	214,554.53
Interest Payments	76,665.99
Total Principal and Interest Collections	291,220.52
Payments and Reversals Posted to Suspense	—
Total Collections	291,220.52
Less: Servicing Fees (not withheld from remittances)	(1,387.46	)
Net Collections	289,833.06

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of February 01, 2011 through February 28, 2011

	Loan	Borrower	Principal			Principal	Service
Date Due	Number	Name	Due	Interest Due	Total Due	Balance	Fees
02072011	20018701	SUOMI COLLEGE	8554.53	5520.99	14075.52	1831850.55		83.96
								—
		TOTALS:	8,554.53	5,520.99	14,075.52	1,831,850.55		83.96
10-01-2009	20022701	UNIV OF VERMO	68,000.00	24,720.00	92,720.00	1,648,000.00		453.20
4-01-2010	20022701	UNIV OF VERMO	68,000.00	23,700.00	91,700.00	1,580,000.00		434.50
10-01-2010	20022701	UNIV OF VERMO	70,000.00	22,680.00	92,680.00	1,512,000.00		415.80
								1,387.46
SF STILL DUE:
7012008	20012401	MISSISSIPPI V	10,000.00	150.00	10,150.00	10,000.00		2.75
10012010	20001301	AUGSBERG COLL	0.00	8,400.00	8,400.00	560,000.00		(154.00	)
10012010	20001401	AZUSA UNIVERS	0.00	5,295.00	5,295.00	353,000.00		(97.08	)
10012010	20004001	COLL.OF ST. T	0.00	3,900.00	3,900.00	260,000.00		(71.50	)
10012010	20012101	MIDDLEBURY CO	27,000.00	7,575.00	34,575.00	505,000.00		(138.88	)
10012010	20013502	NEW ENGLAND C	0.00	7,725.00	7,725.00	515,000.00		(141.63	)
10012010	20019101	TAYLOR UNIV.	60,000.00	900.00	60,900.00	60,000.00		(16.50	)
11012010	20020001	UNIV. OF ALAB	0.00	15,540.00	15,540.00	1,036,000.00		(284.90	)
11012010	20021301	UNIV OF MONTE	0.00	2,310.00	2,310.00	154,000.00		(42.35	)
12012010	20010801	LONG ISLAND U	0.00	3,675.00	3,675.00	245,000.00		(67.38	)

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of February 01, 2011 through February 28, 2011

		Total
Loan	Payoff	Amount		Principal		Interest
Number	Date	Paid		Amount		Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of February 01, 2011 through February 28, 2011

		Total Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of February 28, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of February 28, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		470,025.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		523,333.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301	HARCUM COLLEGE		3		245,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		228,050.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,823,296.02		8062014
20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		128,050.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,442,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
					15,122,859.12

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of February 28, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD		3.00		263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
	Totals:				42,311,230.95

Page 10 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of February 28, 2011

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,799.99		19,999.99
20000101	ALBION COLLEGE		10/1/2010		25.00		470,025.00
20001301	AUGSBERG COLLEGE		10/1/2010		8,400.00		560,000.00
20001401	AZUSA UNIVERSITY		10/1/2010		5,295.00		353,000.00
20004001	COLLEGE OF ST.THOMAS		10/1/2010		3,900.00		260,000.00
20004401	R.I. JR. COLLEGE		10/1/2010		25.00		176,025.00
20012101	MIDDLEBURY COLLEGE		10/1/2010		7,600.00		478,025.00
20013501	NEW ENGLAND COLLEGE		10/1/2010		50.00		86,049.99
20013502	NEW ENGLAND COLLEGE		10/1/2010		7,725.00		515,000.00
20019101	TAYLOR UNIVERSITY		10/1/2010		60,900.00		60,000.00
20022602	UNIVERSITY OF STEUBENVILLE		10/1/2010		2,220.00		148,000.00
20013301	MORRIS COLLEGE		11/1/2010		50.00		228,050.00
20019201	TEMPLE UNIV		11/1/2010		50.00		128,050.00
20020001	UNIV OF ALABAMA		11/1/2010		15,540.00		1,036,000.00
20021301	UNIV OF MONTEVALLO		11/1/2010		2,310.00		154,000.00
20010801	LONG ISLAND UNIVERSITY		12/1/2010		3,675.00		245,000.00
20003901	COLLEGE OF CHARLESTON		1/1/2011		25.00		375,000.00
20021401	U OF NEBRASKA		1/1/2011		5,495.00		33,000.00
TOTAL					145,084.99		5,325,224.98

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of March 01, 2011 through March 31, 2011

Collections:
Principal Payments	514,312.10
Interest Payments	23,899.05
Total Principal and Interest Collections	538,211.15
Payments and Reversals Posted to Suspense	—
Total Collections	538,211.15
Less: Servicing Fees (not withheld from remittances)	(353.90	)
Net Collections	537,857.25

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of March 01, 2011 through March 31, 2011

Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
03072011	20018701	SUOMI COLLEGE	9,112.10	4,963.42	14,075.52	1,823,296.02		83.57
03012011	20019502	TEXAS TECH UN	55,000.00	3,226.25	58,226.25	178,000.00		48.95
03012011	20019504	TEXAS TECH UN	450,000.00	13,584.38	463,584.38	805,000.00		221.38
		TOTALS:	514,112.10	21,774.05	535,886.15	2,806,296.02		353.90
								353.90
SF STILL DUE:
7012008	20012401	MISSISSIPPI V	10,000.00	150.00	10,150.00	10,000.00		2.75
10012010	20001301	AUGSBERG COLL	0.00	8,400.00	8,400.00	560,000.00		(154.00	)
10012010	20001401	AZUSA UNIVERS	0.00	5,295.00	5,295.00	353,000.00		(97.08	)
10012010	20004001	COLL.OF ST. T	0.00	3,900.00	3,900.00	260,000.00		(71.50	)
10012010	20012101	MIDDLEBURY CO	27,000.00	7,575.00	34,575.00	505,000.00		(138.88	)
10012010	20013502	NEW ENGLAND C	0.00	7,725.00	7,725.00	515,000.00		(141.63	)
10012010	20019101	TAYLOR UNIV.	60,000.00	900.00	60,900.00	60,000.00		(16.50	)
11012010	20020001	UNIV. OF ALAB	0.00	15,540.00	15,540.00	1,036,000.00		(284.90	)
11012010	20021301	UNIV OF MONTE	0.00	2,310.00	2,310.00	154,000.00		(42.35	)
12012010	20010801	LONG ISLAND U	0.00	3,675.00	3,675.00	245,000.00		(67.38	)

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of March 01, 2011 through March 31, 2011

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of March 01, 2011 through March 31, 2011

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of March 31, 2011

			Interest
Loan Number	��	Borrower Name	Rate		Current UPB		Maturity Date
20000101		ALBION COLLEGE		3		470,000.00		10012015
20001201		ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301		AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401		AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401		BOSTON UNIVERITY		3		523,333.18		12312022
20002801		CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
20003001		CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901		COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001		COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401		R.I. JR. COLLEGE		3		176,000.00		4012018
20006502		FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301		HARCUM COLLEGE		3		245,000.00		11012015
20010801		LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101		MIDDLEBURY COLLEGE		3		478,025.00		4012018
20012401		MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901		MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001		MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301		MORRIS COLLEGE — BONDS 1983		3		228,000.00		11012013
20013501		NEW ENGLAND COLLEGE		3.625		85,999.99		10012013
20013502		NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401		OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401		CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501		CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601		SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001		ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701		FINLANDIA UNIVERSITY		3.5		1,814,183.92		8062014
20018901		SWARTHMORE COLLEGE		3		38,044.16		11012013
20019101		TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201		TEMPLE UNIVERSITY		3.375		128,000.00		11012014
20019502		TEXAS TECH. UNIVERSITY		3.625		123,000.00		3012013
20019504		TEXAS TECH. UNIVERSITY		3.375		355,000.00		3012012
20020001		UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301		UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401		UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701		UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601		UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602		UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701		UNIVERSITY OF VERMONT		3		1,442,000.00		10012019
20023501		McDANIEL COLLEGE		3		530,000.00		11012016
						14,608,547.02

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of March 31, 2011

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD		3.00		263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
	Totals:				41,282,606.75

Page 10 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of March 31, 2011

		Next Payment
Loan Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,799.99		19,999.99
20001301	AUGSBERG COLLEGE		10/1/2010		8,400.00		560,000.00
20001401	AZUSA UNIVERSITY		10/1/2010		5,295.00		353,000.00
20004001	COLLEGE OF ST.THOMAS		10/1/2010		3,900.00		260,000.00
20012101	MIDDLEBURY COLLEGE		10/1/2010		7,600.00		478,025.00
20013502	NEW ENGLAND COLLEGE		10/1/2010		7,725.00		515,000.00
20019101	TAYLOR UNIVERSITY		10/1/2010		60,900.00		60,000.00
20022602	UNIVERSITY OF STEUBENVILLE		10/1/2010		2,220.00		148,000.00
20020001	UNIV OF ALABAMA		11/1/2010		15,540.00		1,036,000.00
20021301	UNIV OF MONTEVALLO		11/1/2010		2,310.00		154,000.00
20010801	LONG ISLAND UNIVERSITY		12/1/2010		3,675.00		245,000.00
20021401	U OF NEBRASKA		1/1/2011		5,495.00		33,000.00
TOTAL					144,859.99		3,862,024.99

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of March 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of April 01, 2011 through April 30, 2011

Collections:
Principal Payments	1,116,147.97
Interest Payments	81,878.41
Total Principal and Interest Collections	1,198,026.38
Payments and Reversals Posted to Suspense	5,640.00
Total Collections	1,203,666.38
Less: Servicing Fees (not withheld from remittances)	(1,325.24	)
Net Collections	1,202,341.14

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of April 01, 2011 through April 30, 2011

		Loan	Browser							Principal		Service
Date Due		Number	Name	Principal Due		Interest Due		Total Due		Balance		Fees
	04012011	20003001	CASE WESTERN		120,000.00		11,775.00		131,775.00		785,030.00		215.88
	04012011	20004401	R.I. JR. COLL		10,000.00		2,640.00		12,640.00		176,000.00		48.40
	04012011	20012101	MIDDLEBURY CO		28,000.00		7,170.00		35,170.00		478,430.00		131.57
	04072011	20018701	SUOMI COLLEGE		8,607.77		5,467.75		14,075.52		1,814,183.92		83.15
	04012011	20021701	UNIV. OF NOTR		90,000.00		12,600.00		102,600.00		840,000.00		231.00
	04012011	20022602	UNIV.OF STEUB		19,000.00		2,220.00		21,220.00		150,220.00		41.31
	04012011	20022701	UNIV OF VERMO		70,000.00		21,630.00		91,630.00		1,442,000.00		396.55
	04012011	20012901	MONTEREY JR C		—		2,100.00		2,100.00		140,000.00		38.50
	04012011	20000101	ALBION COLLEG		—		7,050.00		7,050.00		470,000.00		129.25
	04012011	20001301	AUGSBERG COLL		90,000.00		8,400.00		98,400.00		560,000.00		154.00
	04012011	20001401	AZUSA UNIVERS		45,000.00		5,295.00		50,295.00		353,000.00		97.08
	04012011	20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		71.50
	04012011	20013501	NEW ENGLAND C		—		1,558.75		1,558.75		85,999.99		23.65
	04012011	20013502	NEW ENGLAND C		50,000.00		7,725.00		57,725.00		515,000.00		141.63
	04012011	20018001	ST.EDWARDS		16,000.00		888.13		16,888.13		65,000.00		17.88
	04012011	20019101	TAYLOR UNIV.		—		900.00		900.00		—		—
	04012011	20022601	UNIV.OF STEUB		25000		877.5		25877.5		52000		14.30
			TOTALS:		606,607.77		102,197.13		708,804.90		8,186,863.91		1,835.65
	10012010	20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00		138.88
	04012011	20000101	ALBION COLLEG		—		7,050.00		7,050.00		470,000.00		(129.25	)
	04012011	20001301	AUGSBERG COLL		90,000.00		8,400.00		98,400.00		560,000.00		(154.00	)
	04012011	20001401	AZUSA UNIVERS		45,000.00		5,295.00		50,295.00		353,000.00		(97.08	)
	04012011	20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		(71.50	)
	04012011	20013501	NEW ENGLAND C		—		1,558.75		1,558.75		85,999.99		(23.65	)
	04012011	20013502	NEW ENGLAND C		50,000.00		7,725.00		57,725.00		515,000.00		(141.63	)
	04012011	20018001	ST.EDWARDS		16,000.00		888.13		16,888.13		65,000.00		(17.88	)
	04012011	20022601	UNIV.OF STEUB		25000		877.5		25877.5		52000		(14.30	)
													1,325.24
SF STILL DUE:
	7012008	20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
	10012010	20001301	AUGSBERG COLL		0.00		8,400.00		8,400.00		560,000.00		(154.00	)
	10012010	20001401	AZUSA UNIVERS		0.00		5,295.00		5,295.00		353,000.00		(97.08	)
	10012010	20004001	COLL.OF ST. T		0.00		3,900.00		3,900.00		260,000.00		(71.50	)
	10012010	20013502	NEW ENGLAND C		0.00		7,725.00		7,725.00		515,000.00		(141.63	)
	10012010	20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		(16.50	)
	11012010	20020001	UNIV. OF ALAB		0.00		15,540.00		15,540.00		1,036,000.00		(284.90	)
	11012010	20021301	UNIV OF MONTE		0.00		2,310.00		2,310.00		154,000.00		(42.35	)
	12012010	20010801	LONG ISLAND U		0.00		3,675.00		3,675.00		245,000.00		(67.38	)

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of April 01, 2011 through April 30, 2011

Loan

Payoff

Total Amount

Principal

Interest

Number

Date

Paid

Amount

Amount

Other Fees

Maturity Date

20021701

4/1/2011

750,000.00

750,000.00

—

4012018

TOTAL:

750,000.00

750,000.00

—

—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of April 01, 2011 through April 30, 2011

		Total Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of April 30, 2011

Loan		Interest		Current		Maturity
Number	Borrower Name	Rate		UPB		Date
20000101	ALBION COLLEGE		3		470,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		523,333.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		249,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,030.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		166,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301	HARCUM COLLEGE		3		245,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		450,430.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		228,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		85,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,805,576.15		8062014
20018901	SWARTHMORE COLLEGE		3		32,848.96		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		128,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		123,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		355,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		131,220.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,372,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
					13,492,399.05

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of April 30, 2011

Loan		Interest		Current		Maturity
Number	Borrower Name	Rate		UPB		Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD		3.00		263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
	Totals:				39,050,310.81

Page 10 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of April 30, 2011

Loan		Next Payment
Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,799.99		19,999.99
20001301	AUGSBERG COLLEGE		10/1/2010		106,800.00		560,000.00
20001401	AZUSA UNIVERSITY		10/1/2010		55,590.00		353,000.00
20004001	COLLEGE OF ST.THOMAS		10/1/2010		42,800.00		260,000.00
20013502	NEW ENGLAND COLLEGE		10/1/2010		65,450.00		515,000.00
20019101	TAYLOR UNIVERSITY		10/1/2010		61,800.00		60,000.00
20020001	UNIV OF ALABAMA		11/1/2010		15,540.00		1,036,000.00
20021301	UNIV OF MONTEVALLO		11/1/2010		2,310.00		154,000.00
20010801	LONG ISLAND UNIVERSITY		12/1/2010		3,675.00		245,000.00
20021401	U OF NEBRASKA		1/1/2011		5,495.00		33,000.00
TOTAL					381,259.99		3,235,999.99

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of April 30, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of May 01, 2011 through May 31, 2011

Collections:
Principal Payments	87,417.85
Interest Payments	56,531.30
Total Principal and Interest Collections	143,949.15
Payments and Reversals Posted to Suspense	(5,640.00	)
Total Collections	138,309.15
Less: Servicing Fees (not withheld from remittances)	(1,154.68	)
Net Collections	137,154.47

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of May 01, 2011 through May 31, 2011

										Principal		Service
Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Fees
5012011		20001201	ATLANTIC UNIO		4,067.64		1,922.80		5,990.44		128,186.89		35.25
5012011		20002801	CARNEGIE-MELL		18,000.00		4,005.00		22,005.00		267,000.00		73.43
5012011		20006502	FAIRLEIGH DIC		2,683.89		930.93		3,614.82		62,061.73		17.07
5012011		20008301	HARCUM JR COL		—		3,675.00		3,675.00		245,000.00		67.38
5012011		20013301	MORRIS COLLEG		—		3,420.00		3,420.00		228,000.00		62.70
5012011		20016401	CALIFORNIA ST		—		3,450.00		3,450.00		230,000.00		63.25
5012011		20016501	CALIFORNIA ST		—		7,050.00		7,050.00		470,000.00		129.25
5012011		20016601	SARAH LAWRENC		25,807.06		9,472.68		35,279.74		631,512.17		173.67
5072011		20018701	SUOMI COLLEGE		8,809.26		5,266.26		14,075.52		1,805,576.15		82.76
5012011		20018901	SWARTHMORE CO		5,195.20		570.66		5,765.86		38,044.16		10.46
5012011		20019201	TEMPLE UNIV.		—		2,160.00		2,160.00		128,000.00		35.20
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90
5012011		20021301	UNIV OF MONTE		10,000.00		2,310.00		12,310.00		154,000.00		42.35
5012011		20023501	WSTRN MARYLAN		—		7,950.00		7,950.00		530,000.00		145.75
			TOTALS:		159,563.05		67,723.33		227,286.38		5,953,381.10		1,223.42
4012011		20000101	ALBION COLLEG		—		7,050.00		7,050.00		470,000.00		129.25
10012010		20001401	AZUSA UNIVERS		—		5,295.00		5,295.00		353,000.00		97.08
4012011		20018001	ST.EDWARDS		16,000.00		888.13		16,888.13		65,000.00		17.88
4012011		20022601	UNIV.OF STEUB		25,000.00		877.50		25,877.50		52,000.00		14.30
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		(284.90	)
5012011		20021301	UNIV OF MONTE		10,000.00		2,310.00		12,310.00		154,000.00		(42.35	)
													1,154.68
SF STILL DUE:
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
10012010		20001301	AUGSBERG COLL		—		8,400.00		8,400.00		560,000.00		(154.00	)
4012011		20001301	AUGSBERG COLL		90,000.00		8,400.00		98,400.00		560,000.00		(154.00	)
4012011		20001401	AZUSA UNIVERS		45,000.00		5,295.00		50,295.00		353,000.00		(97.08	)
10012010		20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		(71.50	)
4012011		20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		(71.50	)
4012011		20013501	NEW ENGLAND C		—		1,558.75		1,558.75		85,999.99		(23.65	)
10012010		20013502	NEW ENGLAND C		—		7,725.00		7,725.00		515,000.00		(141.63	)
4012011		20013502	NEW ENGLAND C		50,000.00		7,725.00		57,725.00		515,000.00		(141.63	)
10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		(16.50	)
11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		(284.90	)
11012010		20021301	UNIV OF MONTE		—		2,310.00		2,310.00		154,000.00		(42.35	)
12012010		20010801	LONG ISLAND U		—		3,675.00		3,675.00		245,000.00		(67.38	)

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of May 01, 2011 through May 31, 2011

	Payoff	Total		Principal		Interest
Loan Number	Date	Amount Paid		Amount		Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of May 01, 2011 through May 31, 2011

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of May 31, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		470,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		523,333.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		249,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,030.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		166,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301	HARCUM COLLEGE		3		245,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		450,430.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		228,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		85,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,805,576.15		8062014
20018901	SWARTHMORE COLLEGE		3		32,848.96		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		128,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		123,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		355,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		131,220.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,372,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
					13,492,399.05

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance

As of May 31, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD		3.00		263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
	Totals:				39,050,310.81

Page 10 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of May 31, 2011

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,799.99		19,999.99
20001301	AUGSBERG COLLEGE		10/1/2010		106,800.00		560,000.00
20004001	COLLEGE OF ST.THOMAS		10/1/2010		42,800.00		260,000.00
20013502	NEW ENGLAND COLLEGE		10/1/2010		65,450.00		515,000.00
20019101	TAYLOR UNIVERSITY		10/1/2010		61,800.00		60,000.00
20020001	UNIV OF ALABAMA		11/1/2010		116,080.00		1,036,000.00
20021301	UNIV OF MONTEVALLO		11/1/2010		14,620.00		154,000.00
20010801	LONG ISLAND UNIVERSITY		12/1/2010		3,675.00		245,000.00
20021401	U OF NEBRASKA		1/1/2011		5,495.00		33,000.00
20001401	AZUSA UNIVERSITY		4/1/2011		50,295.00		353,000.00
20012101	MIDDLEBURY COLLEGE		4/1/2011		7,600.00		450,430.00
20013501	NEW ENGLAND COLLEGE		4/1/2011		1,558.75		85,999.99
TOTAL					497,973.74		3,772,429.98

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of May 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of December 01, 2010 through December 31, 2010

Collections:
Principal Payments	133,607.42
Interest Payments	15,718.73
Total Principal and Interest Collections	149,326.15
Payments and Reversals Posted to Suspense	—
Total Collections	149,326.15
Less: Servicing Fees (not withheld from remittances)	(239.02	)
Net Collections	149,087.13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of December 01, 2010 through December 31, 2010

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
12302010		20002401	BOSTON UNIVER		18,006.82		8,120.10		26,126.92		541,340.00		148.87
12012010		20010801	LONG ISLAND U		0.00		3,675.00		3,675.00		245,000.00		67.38
12012010		20013001	MONTREAT-ANDE		2,800.00		840.00		3,640.00		56,000.00		15.40
12012010		20014401	DOMNION UNIV.		0.00		7,575.00		7,575.00		504,999.99		138.87
12072010		20018701	SUOMI COLLEGE		8,682.42		5,393.10		14,075.52		1,849,061.79		84.75
			TOTALS:		29,489.24		25,603.20		55,092.44		3,196,401.78		455.27
12302010		20002401	BOSTON UNIVER		18,006.82		8,120.10		26,126.92		541,340.00		(148.87	)
12012010		20010801	LONG ISLAND U		0.00		3,675.00		3,675.00		245,000.00		(67.38	)
													239.02
SF STILL DUE:
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50
10012010		20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00		415.80
10012010		20001301	AUGSBERG COLL		0.00		8,400.00		8,400.00		560,000.00		(154.00	)
10012010		20001401	AZUSA UNIVERS		0.00		5,295.00		5,295.00		353,000.00		(97.08	)
10012010		20004001	COLL.OF ST. T		0.00		3,900.00		3,900.00		260,000.00		(71.50	)
10012010		20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00		(138.88	)
10012010		20013502	NEW ENGLAND C		0.00		7,725.00		7,725.00		515,000.00		(141.63	)
10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		(16.50	)
11012010		20020001	UNIV. OF ALAB		0.00		15,540.00		15,540.00		1,036,000.00		(284.90	)
11012010		20021301	UNIV OF MONTE		0.00		2,310.00		2,310.00		154,000.00		(42.35	)

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of December 01, 2010 through December 31, 2010

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of December 01, 2010 through December 31, 2010

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of December 31, 2010

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		470,025.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301	HARCUM COLLEGE		3		245,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		228,050.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,840,379.37		8062014
20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		128,050.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
					15,363,949.29

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of December 31, 2010

Loan Number	Borrower Name	Interest Rate			Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00			20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63			260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00			85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00			285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38			298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00			70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63			383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38			2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00			98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00			1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00			135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00			199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00			79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00			945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00			1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38			166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00			234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00			2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD		3.00			263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00			910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00			40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00	��		395,000.00		10-01-2017
	Totals:					42,793,411.29

Page 10 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of December 31, 2010

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,499.99		19,999.99
20022701	UNIV OF VERMONT		4/1/2009		277,145.00		1,648,000.00
20000101	ALBION COLLEGE		10/1/2010		25.00		470,025.00
20001301	AUGSBERG COLLEGE		10/1/2010		8,400.00		560,000.00
20001401	AZUSA UNIVERSITY		10/1/2010		5,295.00		353,000.00
20004001	COLLEGE OF ST.THOMAS		10/1/2010		3,900.00		260,000.00
20004401	R.I. JR. COLLEGE		10/1/2010		25.00		176,025.00
20012101	MIDDLEBURY COLLEGE		10/1/2010		7,600.00		478,025.00
20013501	NEW ENGLAND COLLEGE		10/1/2010		50.00		86,049.99
20013502	NEW ENGLAND COLLEGE		10/1/2010		7,725.00		515,000.00
20019101	TAYLOR UNIVERSITY		10/1/2010		60,900.00		60,000.00
20022602	UNIVERSITY OF STEUBENVILLE		10/1/2010		2,220.00		148,000.00
20013301	MORRIS COLLEGE		11/1/2010		50.00		228,050.00
20019201	TEMPLE UNIV		11/1/2010		50.00		128,050.00
20020001	UNIV OF ALABAMA		11/1/2010		15,540.00		1,036,000.00
20021301	UNIV OF MONTEVALLO		11/1/2010		2,310.00		154,000.00
TOTAL					412,734.99		6,320,224.98

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of December 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Quarter Ended December 31, 2010

	October			November			December
Collections:
Principal Payments		129,700.94			326,254.52			133,607.42
Interest Payments		50,769.19			73,211.63			15,718.73
Total Principal and Interest Collections		180,470.13			399,466.15			149,326.15
Payments and Reversals Posted to Suspense		—			—			—
Total Collections		180,470.13			399,466.15			149,326.15
Less: Servicing Fees (not withheld from remittances)		(863.25	)		(1,480.25	)		(239.02	)
Net Collections		179,606.88			397,985.90			149,087.13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended December 31, 2010

		Loan
Date Due		Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
October
	10012010	20000101	ALBION COLLEG		90,000.00		8,400.00		98,400.00		560,000.00		154.00
	10012010	20001301	AUGSBERG COLL		—		8,400.00		8,400.00		560,000.00		154.00
	10012010	20001401	AZUSA UNIVERS		—		5,295.00		5,295.00		353,000.00		97.08
	10012010	20003001	CASE WESTERN		—		11,775.00		11,775.00		785,000.00		215.88
	10012010	20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		71.50
	10012010	20004401	R.I. JR. COLL		10,000.00		2,790.00		12,790.00		186,000.00		51.15
	10012010	20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00		138.88
	10012010	20012901	MONTEREY JR C		15,000.00		2,325.00		17,325.00		155,000.00		42.63
	10012010	20013501	NEW ENGLAND C		32,000.00		2,138.75		34,138.75		118,049.99		32.46
	10012010	20013502	NEW ENGLAND C		—		7,725.00		7,725.00		515,000.00		141.63
	10012010	20018001	ST.EDWARDS		—		888.13		888.13		49,000.00		13.48
	10072010	20018701	SUOMI COLLEGE		8,632.52		5,443.00		14,075.52		1,866,171.41		85.53
	10012010	20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		16.50
	10012010	20021701	UNIV. OF NOTR		—		12,600.00		12,600.00		840,000.00		231.00
	10012010	20022601	UNIV.OF STEUB		—		877.50		877.50		52,000.00		14.30
	10012010	20022602	UNIV.OF STEUB		—		2,220.00		2,220.00		148,000.00		40.70
	10012010	20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00		415.80
			TOTALS:		312,632.52		105,932.38		418,564.90		8,524,221.40		1,916.52
	10012010	20000101	ALBION COLLEG		90,000.00		8,400.00		98,400.00		560,000.00		(154.00	)
	10012010	20001301	AUGSBERG COLL		0.00		8,400.00		8,400.00		560,000.00		(154.00	)
	10012010	20001401	AZUSA UNIVERS		0.00		5,295.00		5,295.00		353,000.00		(97.08	)
	10012010	20003001	CASE WESTERN		0.00		11,775.00		11,775.00		785,000.00		(215.88	)
	10012010	20004001	COLL.OF ST. T		0.00		3,900.00		3,900.00		260,000.00		(71.50	)
	10012010	20004401	R.I. JR. COLL		10,000.00		2,790.00		12,790.00		186,000.00		(51.15	)
	10012010	20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00		(138.88	)
	10012010	20013502	NEW ENGLAND C		0.00		7,725.00		7,725.00		515,000.00		(141.63	)
	10012010	20018001	ST.EDWARDS		0.00		888.13		888.13		49,000.00		(13.48	)
	10012010	20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		(16.50	)
	10012010	20022601	UNIV.OF STEUB		0.00		877.50		877.50		52,000.00		(14.30	)
	10012010	20022602	UNIV.OF STEUB		0.00		2,220.00		2,220.00		148,000.00		(40.70	)
	10012010	20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00		(415.80	)
	4012009	20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
													863.25
November
	11012010	20001201	ATLANTIC UNIO		4,007.52		1,982.92		5,990.44		132,194.41		36.35
	11012010	20002801	CARNEGIE-MELL		17,000.00		4,260.00		21,260.00		284,000.00		78.10
	11012010	20006502	FAIRLEIGH DIC		2,644.23		970.59		3,614.82		64,705.96		17.79
	11012010	20008301	HARCUM JR COL		45,000.00		4,350.00		49,350.00		290,000.00		79.75
	11012010	20013301	MORRIS COLLEG		71,000.00		4,485.00		75,485.00		299,050.00		82.24
	11012010	20016401	CALIFORNIA ST		15,000.00		3,675.00		18,675.00		245,000.00		67.38
	11012010	20016501	CALIFORNIA ST		35,000.00		7,575.00		42,575.00		505,000.00		138.88
	11012010	20016601	SARAH LAWRENC		25,425.67		9,854.07		35,279.74		656,937.84		180.66
	11072010	20018701	SUOMI COLLEGE		8,477.10		5,598.42		14,075.52		1,857,538.89		85.14
	11012010	20018901	SWARTHMORE CO		5,118.42		647.44		5,765.86		43,162.58		11.87
	11012010	20019201	TEMPLE UNIV.		35,000.00		2,750.63		37,750.63		163,000.00		44.83
	11012010	20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90
	11012010	20021301	UNIV OF MONTE		—		2,310.00		2,310.00		154,000.00		42.35
	11012010	20023501	WSTRN MARYLAN		80,000.00		9,150.00		89,150.00		610,000.00		167.75
			TOTALS:		343,672.94		73,149.07		416,822.01		6,340,589.68		1,317.99
	10012010	20000101	ALBION COLLEG		90,000.00		8,400.00		98,400.00		560,000.00		154.00
	10012010	20003001	CASE WESTERN		0.00		11,775.00		11,775.00		785,000.00		215.88
	10012010	20004401	R.I. JR. COLL		10,000.00		2,790.00		12,790.00		186,000.00		51.15
	10012010	20018001	ST.EDWARDS		0.00		888.13		888.13		49,000.00		13.48
	10012010	20022601	UNIV.OF STEUB		0.00		877.50		877.50		52,000.00		14.30
	10012010	20022602	UNIV.OF STEUB		0.00		2,220.00		2,220.00		148,000.00		40.70
	11012010	20020001	UNIV. OF ALAB		0.00		15,540.00		15,540.00		1,036,000.00		(284.90	)
	11012010	20021301	UNIV OF MONTE		0.00		2,310.00		2,310.00		154,000.00		(42.35	)
													1,480.25

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended December 31, 2010

		Loan
Date Due		Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
December
	12302010	20002401	BOSTON UNIVER		18,006.82		8,120.10		26,126.92		541,340.00		148.87
	12012010	20010801	LONG ISLAND U		0.00		3,675.00		3,675.00		245,000.00		67.38
	12012010	20013001	MONTREAT-ANDE		2,800.00		840.00		3,640.00		56,000.00		15.40
	12012010	20014401	DOMNION UNIV.		0.00		7,575.00		7,575.00		504,999.99		138.87
	12072010	20018701	SUOMI COLLEGE		8,682.42		5,393.10		14,075.52		1,849,061.79		84.75
			TOTALS:		29,489.24		25,603.20		55,092.44		3,196,401.78		455.27
	12302010	20002401	BOSTON UNIVER		18,006.82		8,120.10		26,126.92		541,340.00		(148.87	)
	12012010	20010801	LONG ISLAND U		—		3,675.00		3,675.00		245,000.00		(67.38	)
													239.02
			TOTALS FOR QTR		685,794.70		204,684.65		890,479.35		18,061,212.86		2,582.52

Berkadia Commercial Mortgage
College and University Loan Trust I
Paid In Full Loan Schedule

For the Quarter Ended December 31, 2010

				Principal
Loan Number	Payoff Date	Total Amount		Amount		Interest Amount		Other Fees		Maturity Date
None to report for this period
Totals			—		—		—		—

* Please note that service fees have not yet been deducted.

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Quarter Ended December 31, 2010

		Total Amount
Loan Number	Payoff Date	Paid		Principal Amount		Interest Amount
None to report for this period
							—
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended December 31, 2010

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
October
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,857,538.89		8062014
20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
	TOTALS:				15,823,811.23
November
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017

Page 9 of 14

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended December 31, 2010

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301	HARCUM COLLEGE		3		245,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		228,050.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,849,061.79		8062014
20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
	TOTALS:				15,497,556.71
December
20000101	ALBION COLLEGE		3		470,025.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
20008301	HARCUM COLLEGE		3		245,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		228,050.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019

Page 10 of 14

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended December 31, 2010

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,840,379.37		8062014
20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		128,050.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
					15,363,949.29

Page 11 of 14

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
For the Quarter Ended December 31, 2010

			Next
Loan			Payment
Number		Borrower Name	Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		39264		21,499.99		19,999.99
	20022701	UNIV OF VERMONT		39904		277,145.00		1,648,000.00
	20000101	ALBION COLLEGE		40452		25.00		470,025.00
	20001301	AUGSBERG COLLEGE		40452		8,400.00		560,000.00
	20001401	AZUSA UNIVERSITY		40452		5,295.00		353,000.00
	20004001	COLLEGE OF ST.THOMAS		40452		3,900.00		260,000.00
	20004401	R.I. JR. COLLEGE		40452		25.00		176,025.00
	20012101	MIDDLEBURY COLLEGE		40452		7,600.00		478,025.00
	20013501	NEW ENGLAND COLLEGE		40452		50.00		86,049.99
	20013502	NEW ENGLAND COLLEGE		40452		7,725.00		515,000.00
	20019101	TAYLOR UNIVERSITY		40452		60,900.00		60,000.00
	20022602	UNIVERSITY OF STEUBENVILLE		40452		2,220.00		148,000.00
	20013301	MORRIS COLLEGE		40483		50.00		228,050.00
	20019201	TEMPLE UNIV		40483		50.00		128,050.00
	20020001	UNIV OF ALABAMA		40483		15,540.00		1,036,000.00
	20021301	UNIV OF MONTEVALLO		40483		2,310.00		154,000.00
TOTAL						412,734.99		6,320,224.98

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
For the Quarter Ended December 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Quarter Ended March 31, 2011

	January			February			March
Collections:
Principal Payments		26,535.64			214,554.53			514,312.10
Interest Payments		19,266.80			76,665.99			23,899.05
Total Principal and Interest Collections		45,802.44			291,220.52			538,211.15
Payments and Reversals Posted to Suspense		—			—			—
Total Collections		45,802.44			291,220.52			538,211.15
Less: Servicing Fees (not withheld from remittances)		(321.77	)		(1,387.46	)		(353.90	)
Net Collections		45,480.67			289,833.06			537,857.25

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended March 31, 2011

		Loan
Date Due		Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
January
	01012011	20003901	COLL. OF CHAR		—		5,625.00		5,625.00		375,000.00		103.13
	01072011	20018701	SUOMI COLLEGE		8,528.82		5,546.70		14,075.52		1,840,379.37		84.35
	12302010	20002401	BOSTON UNIVER		18,006.82		8,120.10		26,126.92		541,340.00		148.87
			TOTALS:		26,535.64		19,291.80		45,827.44		2,756,719.37		336.35
	01012011	20012401	MISSISSIPPI V		0.00		300.00		300.00		19,999.99		(5.50	)
	01012011	20021401	U OF NEBRASKA		5,000.00		495.00		5,495.00		33,000.00		(9.08	)
													321.77
February
	02072011	20018701	SUOMI COLLEGE		8,554.53		5,520.99		14,075.52		1,831,850.55		83.96
			TOTALS:		8,554.53		5,520.99		14,075.52		1,831,850.55		83.96
	10012009	20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
	4012010	20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50
	10012010	20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00		415.80
													1,387.46
March
	03072011	20018701	SUOMI COLLEGE		9,112.10		4,963.42		14,075.52		1,823,296.02		83.57
	03012011	20019502	TEXAS TECH UN		55,000.00		3,226.25		58,226.25		178,000.00		48.95
	03012011	20019504	TEXAS TECH UN		450,000.00		13,584.38		463,584.38		805,000.00		221.38
			TOTALS:		514,112.10		21,774.05		535,886.15		2,806,296.02		353.90
													353.90
		TOTALS FOR QTR			549,202.27		46,586.84		595,789.11		7,394,865.94		2,063.13

Berkadia Commercial Mortgage
College and University Loan Trust I
Paid In Full Loan Schedule
For the Quarter Ended March 31, 2011

				Principal
Loan Number	Payoff Date	Total Amount		Amount		Interest Amount		Other Fees		Maturity Date
None to report for this period
Totals			—		—		—		—

* Please note that service fees have not yet been deducted.

     Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Quarter Ended March 31, 2011

		Total Amount
Loan Number	Payoff Date	Paid		Principal Amount		Interest Amount
None to report for this period
							—
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended March 31, 2011

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
January
	20000101	ALBION COLLEGE		3		470,025.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		523,333.18		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
	20008301	HARCUM COLLEGE		3		245,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
	20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		228,050.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,831,850.55		8062014
	20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		128,050.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
	20023501	McDANIEL COLLEGE		3		530,000.00		11012016
		TOTALS:				15,337,413.65
February
	20000101	ALBION COLLEGE		3		470,025.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		523,333.18		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017

Page 7 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended March 31, 2011

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
	20008301	HARCUM COLLEGE		3		245,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
	20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		228,050.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,823,296.02		8062014
	20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		128,050.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,442,000.00		10012019
	20023501	McDANIEL COLLEGE		3		530,000.00		11012016
		TOTALS:				15,122,859.12
March
	20000101	ALBION COLLEGE		3		470,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		523,333.18		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		176,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
	20008301	HARCUM COLLEGE		3		245,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
	20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		228,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		85,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019

Page 8 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended March 31, 2011

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
	20018001	ST. EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,814,183.92		8062014
	20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		128,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		123,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		355,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV. OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,442,000.00		10012019
	20023501	McDANIEL COLLEGE		3		530,000.00		11012016
						14,608,547.02

Page 9 of 12

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
For the Quarter Ended March 31, 2011

Loan Number		Borrower Name	Next Payment Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,799.99		19,999.99
	20001301	AUGSBERG COLLEGE		10/1/2010		8,400.00		560,000.00
	20001401	AZUSA UNIVERSITY		10/1/2010		5,295.00		353,000.00
	20004001	COLLEGE OF ST.THOMAS		10/1/2010		3,900.00		260,000.00
	20012101	MIDDLEBURY COLLEGE		10/1/2010		7,600.00		478,025.00
	20013502	NEW ENGLAND COLLEGE		10/1/2010		7,725.00		515,000.00
	20019101	TAYLOR UNIVERSITY		10/1/2010		60,900.00		60,000.00
	20022602	UNIVERSITY OF STEUBENVILLE		10/1/2010		2,220.00		148,000.00
	20020001	UNIV OF ALABAMA		11/1/2010		15,540.00		1,036,000.00
	20021301	UNIV OF MONTEVALLO		11/1/2010		2,310.00		154,000.00
	20010801	LONG ISLAND UNIVERSITY		12/1/2010		3,675.00		245,000.00
	20021401	U OF NEBRASKA		1/1/2011		5,495.00		33,000.00
TOTAL						144,859.99		3,862,024.99

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
For the Quarter Ended March 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for January 2011

DTL

																											ACH Debits
		Loan			Principal		Interest				Principal		Principal		Interest				Total		Net System		Total Bank		Trust		and Other
Date Received	Date Due	Number		Borrower Name	Due		Due		Total Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		Wires
20110104	12302010		20002401	BOSTON UNIVERITY										18,006.82		8,120.10		—		26,126.92
System Credits 1/4																						26,126.92
System Debits 1/4																						—
Bank Credit 1/4
Bank Debit 1/4
Trustee Wire 1/5
20110107	1072011		20018701	FINLANDIA UNIVERSITY		8,528.82		5,546.70		14,075.52		1,840,379.37		8,528.82		5,546.70		—		14,075.52
System Credits 1/7																						14,075.52
System Debits 1/7																						—
Bank Credit 1/5																								52,253.84
Bank Debit 1/5 (service fees)																												(250.24	)
Bank Debit 1/5 (funds movement adj)																												(26,126.92	)
Trustee Wire 1/5																										26,126.92
20110113	1012011		20003901	COLLEGE OF CHARLESTON		—		5,625.00		5,625.00		375,000.00				5,600.00		—		5,600.00
System Credits 1/10																						5,600.00
System Debits 1/10																						—
Bank Credit 1/10																								28,151.04
Bank Debit 1/10 (service fees)																												(239.02	)
Bank Debit 1/10 (funds movement adj)																												(14,075.52	)
Trustee Wire 1/10																										13,836.50
																				—
System Credits 1/14																						—
System Debits 1/14																						—
Bank Credit 1/14																								11,200.00
Bank Debit 1/14 (funds movement adj)																												(5,600.00	)
Trustee Wire 1/14																										5,600.00
				TOTALS:		8,528.82		11,171.70		19,700.52		2,215,379.37		26,535.64		19,266.80		—		45,802.44		45,802.44		91,604.88		45,563.42		(46,291.70	)
Loans Due in Current Period and Paid in Prior Period:
				TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
	01012011		20012401	MISSISSIPPI V		—		300.00		300.00		19,999.99
	01012011		20021401	U OF NEBRASKA		5,000.00		495.00		5,495.00		33,000.00
				TOTALS:		5,000.00		795.00		5,795.00		52,999.99
				GRAND TOTAL:		13,528.82		11,966.70		25,495.52		2,268,379.36

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
January-11

Total System Credits @ 1/31		45,802.44
Total Bank Credits @ 1/31		91,604.88
12/09/10	Direct to Lender payments applied
01/05/11	funds movement adjustment	(26,126.92	)
01/10/11	funds movement adjustment	(14,075.52	)
01/18/11	funds movement adjustment	(5,600.00	)
Adjusted Bank Credits:		45,802.44
		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
January-11

Total Bank Credits @ 1/31		91,604.88
Total Debits to Trustee @ 1/31		45,563.42
01/10/11	Service Fee	239.02
01/05/11	funds movement adjustment	26,126.92
01/10/11	funds movement adjustment	14,075.52
01/18/11	funds movement adjustment	5,600.00
Adjusted Debits to Trustee		91,604.88
		(0.00	)

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for February 2011

DTL

					Principal		Interest				Principal		Principal		Interest				Total		Net System		Total Bank		Trust		ACH Debits
Date Received	Date Due	Loan Number		Borrower Name	Due		Due		Total Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		and Other Wires
20110207	2072011		20018701	FINLANDIA UNIVERSITY		8,554.53		5,520.99		14,075.52		1,831,850.55		8,554.53		5,520.99		—		14,075.52
System Credits 2/7																						14,075.52
System Debits 2/7																						—
Bank Credit 2/7
Bank Debit 2/7
Trustee Wire 2/7
20110223	4012009		20022701	UNIVERSITY OF VERMONT										—		45.00		—		45.00
20110223	10012009		20022701	UNIVERSITY OF VERMONT										68,000.00		—		—		68,000.00
20110223	10012009		20022701	UNIVERSITY OF VERMONT										—		24,720.00		—		24,720.00
20110223	4012010		20022701	UNIVERSITY OF VERMONT										68,000.00		—		—		68,000.00
20110223	4012010		20022701	UNIVERSITY OF VERMONT										—		23,700.00		—		23,700.00
20110223	10012010		20022701	UNIVERSITY OF VERMONT										70,000.00		22,680.00		—		92,680.00
System Credits 2/23																						277,145.00
System Debits 2/23																						—
Bank Credit 2/8																								28,151.04
Bank Debit 2/8 (service fees)																												321.77
Bank Debit 2/9 (funds movement adj)																												14,075.52
Trustee Wire 2/8																										13,753.75
																				—
System Credits 2/24																						—
System Debits 2/24																						—
Bank Credit 2/24																								554,290.00
Bank Debit 2/24 (funds movement adj)																												277,145.00
Trustee Wire 2/24																										277,145.00
				TOTALS:		8,554.53		5,520.99		14,075.52		1,831,850.55		214,554.53		76,665.99		—		291,220.52		291,220.52		582,441.04		290,898.75		291,542.29
Loans Due in Current Period and Paid in Prior Period:
				TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
				TOTALS:		—		—		—		—
				GRAND TOTAL:		8,554.53		5,520.99		14,075.52		1,831,850.55

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
February-11

Total System Credits @ 2/28		291,220.52
Total Bank Credits @ 2/28		582,441.04
	Direct to Lender payments applied
02/09/11	funds movement adjustment	(14,075.52	)
02/24/11	funds movement adjustment	(277,145.00	)
	funds movement adjustment
Adjusted Bank Credits:		291,220.52
		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
February-11

Total Bank Credits @ 2/28		582,441.04
Total Debits to Trustee @ 2/28		290,898.75
02/08/11	Service Fee	321.77
02/09/11	funds movement adjustment	14,075.52
02/24/11	funds movement adjustment	277,145.00
	funds movement adjustment
Adjusted Debits to Trustee		582,441.04
		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for March 2011

DTL

																												ACH Debits
			Loan			Principal		Interest				Principal		Principal		Interest				Total		Net System		Total Bank		Trust		and Other
Date Received		Date Due	Number		Borrower Name	Due		Due		Total Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		Wires
	20110301	3012011		20019502	TEXAS TECH. UNIVERSITY		55,000.00		3,226.25		58,226.25		178,000.00		55,000.00		3,226.25		—		58,226.25
	20110301	3012011		20019504	TEXAS TECH. UNIVERSITY		450,000.00		13,584.38		463,584.38		805,000.00		450,000.00		13,584.38		—		463,584.38
System Credits 3/1																							521,810.63
System Debits 3/1																							—
Bank Credit 3/1
Bank Debit 3/1
Trustee Wire 3/1
	20110307	3072011		20018701	FINLANDIA UNIVERSITY		9,112.10		4,963.42		14,075.52		1,823,296.02		9,112.10		4,963.42		—		14,075.52
System Credits 3/7																							14,075.52
System Debits 3/7																							—
Bank Credit 3/2																									1,043,621.26
Bank Debit 3/2
Bank Debit 3/2																													521,810.63
Trustee Wire 3/2																											521,810.63
	20110322	4012011		20012901	MONTEREY PENINSULA JR. COLLEGE										—		2,100.00		—		2,100.00
System Credits 3/22																							2,100.00
System Debits 3/22																							—
Bank Credit 3/8																									28,151.04
Bank Debit 3/8 (funds movement adj)																													14,075.52
Trustee Wire 3/8																											14,075.52
	20110329	10012010		20000101	ALBION COLLEGE										25.00		—		—		25.00
	20110329	1012011		20003901	COLLEGE OF CHARLESTON										—		25.00		—		25.00
	20110329	10012010		20004401	R.I. JR. COLLEGE										25.00		—		—		25.00
	20110329	11012010		20013301	MORRIS COLLEGE — BONDS 1983										50.00		—		—		50.00
	20110329	10012010		20013501	NEW ENGLAND COLLEGE										50.00		—		—		50.00
	20110329	11012010		20019201	TEMPLE UNIVERSITY										50.00		—		—		50.00
System Credits 3/29																							225.00
System Debits 3/29																							—
Bank Credit 3/23																									4,200.00
Bank Debit 3/23 (funds movement adj)																													2,100.00
Bank Debit 3/23 (service fees)																													1,387.46
Trustee Wire 3/23																											712.54
System Credits 3/30																							—
System Debits 3/30																							—
Bank Credit 3/30																									450.00
Bank Debit 3/30 (funds movement adj)																													225.00
Trustee Wire 3/30																											225.00
					TOTALS:		514,112.10		21,774.05		535,886.15		2,806,296.02		514,312.10		23,899.05		—		538,211.15		538,211.15		1,076,422.30		536,823.69		539,598.61
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		514,112.10		21,774.05		535,886.15		2,806,296.02

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
March-11

Total System Credits @ 3/31			538,211.15
Total Bank Credits @ 3/31			1,076,422.30
	03/02/11	funds movement adjustment	(521,810.63	)
	03/08/11	funds movement adjustment	(14,075.52	)
	03/23/11	funds movement adjustment	(2,100.00	)
	03/30/11	funds movement adjustment	(225.00	)
Adjusted Bank Credits:			538,211.15
			—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
March-11

Total Bank Credits @ 3/31			1,076,422.30
Total Debits to Trustee @ 3/31			536,823.69
	03/23/11	Service Fee	1,387.46
	03/02/11	funds movement adjustment	521,810.63
	03/08/11	funds movement adjustment	14,075.52
	03/23/11	funds movement adjustment	2,100.00
	03/30/11	funds movement adjustment	225.00
Adjusted Debits to Trustee			1,076,422.30
			—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for April 2011

DTL

																														ACH Debits
			Loan			Principal	Interest				Principal		Principal		Interest					Total			Net System			Total Bank		Trust		and Other
Date Received		Date Due	Number		Borrower Name	Due	Due		Total Due		Balance		Paid		Paid		Suspense			Paid			Credits			Credits		Wires		Wires
	20110401	4012011		20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968	90,000.00		12,600.00		102,600.00		840,000.00		90,000.00		12,600.00		—			102,600.00
	20110401	10012010		20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968									750,000.00		—		—			750,000.00
	20110401	0		20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968									—		7,500.00		—			7,500.00
System Credits 4/1																								860,100.00
System Debits 4/1																								—
Bank Credit 4/1
Bank Debit 4/1
Trustee Wire 4/1
	20110406	4012011		20004401	R.I. JR. COLLEGE	10,000.00		2,640.00		12,640.00		176,000.00		10,000.00		2,640.00		—			12,640.00
System Credits 4/6																								12,640.00
System Debits 4/6																								—
Bank Credit 4/4																											1,720,200.00
Bank Debit 4/4
Bank Debit 4/4 (funds movement adj)																															860,100.00
Trustee Wire 4/4																													860,100.00
	20110407	4072011		20018701	FINLANDIA UNIVERSITY	8,607.77		5,467.75		14,075.52		1,814,183.92		8,607.77		5,467.75		—			14,075.52
System Credits 4/7																								14,075.52
System Debits 4/7																								—
Bank Credit 4/7																											25,280.00
Bank Debit 4/7 (funds movement adj)																															12,640.00
Trustee Wire 4/7																													12,640.00
	20110408	10012010		20022602	UNIVERSITY OF STEUBENVILLE									—		2,220.00		—			2,220.00
	20110408	4012011		20022602	UNIVERSITY OF STEUBENVILLE	19,000.00		2,220.00		21,220.00		150,220.00		—		2,220.00		—			2,220.00
	20110408	4012011		20022602	UNIVERSITY OF STEUBENVILLE									16,780.00		—		—			16,780.00
System Credits 4/8																								21,220.00
System Debits 4/8																								—
Bank Credit 4/8																											28,151.04
Bank Debit 4/8 (funds movement adj)																															14,075.52
Bank Debit 4/8
Trustee Wire 4/8																													14,075.52
	20110412	0		20018701	FINLANDIA UNIVERSITY									—		—		—			—
	20110412	0		20018701	FINLANDIA UNIVERSITY									—		—		—			—
	20110412	4122011		20018701	FINLANDIA UNIVERSITY									—		—		—			—
	20110412	4012011		20022701	UNIVERSITY OF VERMONT	70,000.00		21,630.00		91,630.00		1,442,000.00		70,000.00		21,630.00		—			91,630.00
System Credits 4/12																								91,630.00
System Debits 4/12																								—
Bank Credit 4/11
Bank Debit 4/11 (funds movement adj)
Bank Debit 4/11
Trustee Wire 4/11
	20110413	0		20012101	MIDDLEBURY COLLEGE									—		—		35,170.00			35,170.00
System Credits 4/13																								35,170.00
System Debits 4/13																								—
Bank Credit 4/13
Bank Debit 4/13 (funds movement adj)
Trustee Wire 4/13
	20110415	5012011		20002801	CARNEGIE MELLON UNIVERSITY									18,000.00		4,005.00		—			22,005.00
System Credits 4/15																								22,005.00
System Debits 4/15																								—
Bank Credit 4/14																											35,170.00
Bank Debit 4/15 (service fees)																															353.90
Bank Debit 4/14 (funds movement adj)
Trustee Wire 4/14																													34,816.10
	20110419	0		20004401	R.I. JR. COLLEGE									—		—		5,640.00			5,640.00
System Credits 4/19																								5,640.00
System Debits 4/19																								—
Bank Credit 4/18																											44,010.00
Bank Debit 4/18 (funds movement adj)																															22,005.00
Trustee Wire 4/18																													22,005.00
	20110420	4012011		20003001	CASE WESTERN RESERVE UNIVERSIT	120,000.00		11,775.00		131,775.00		785,030.00		119,970.00		11,775.00		—			131,745.00
System Credits 4/20																								131,745.00
System Debits 4/20																								—
Bank Credit 4/20																											5,640.00
Bank Debit 4/20
Trustee Wire 4/20																													5,640.00
	20110425	5012011		20018901	SWARTHMORE COLLEGE									5,195.20		570.66		—			5,765.86
System Credits 4/25																								5,765.86
System Debits 4/25																								—
Bank Credit 4/21																											263,490.00
Bank Debit 4/21 (funds movement adj)																															131,745.00
Bank Debit 4/21
Trustee Wire 4/21																													131,745.00
	20110428	10012010		20012101	MIDDLEBURY COLLEGE									25.00		—		—			25.00
	20110428	0		20012101	MIDDLEBURY COLLEGE									—		—		(25.00	)		(25.00	)
	20110428	0		20012101	MIDDLEBURY COLLEGE									—		—		—			—
	20110428	10012010		20012101	MIDDLEBURY COLLEGE									—		7,575.00		—			7,575.00
	20110428	0		20012101	MIDDLEBURY COLLEGE									—		—		(7,575.00	)		(7,575.00	)
	20110428	0		20012101	MIDDLEBURY COLLEGE									—		—		—			—
	20110428	4012011		20012101	MIDDLEBURY COLLEGE	28,000.00		7,170.00		35,170.00		478,430.00		27,570.00		—		—			27,570.00
	20110428	0		20012101	MIDDLEBURY COLLEGE									—		—		(27,570.00	)		(27,570.00	)
	20110428	0		20012101	MIDDLEBURY COLLEGE									—		—		—			—
System Credits 4/28																								35,170.00
System Debits 4/28																								(35,170.00	)
Bank Credit 4/26																											11,531.72
Bank Debit 4/26 (funds movement adj)																															5,765.86
Trustee Wire 4/26																													5,765.86
	20110429	5012011		20008301	HARCUM COLLEGE									—		3,675.00		—			3,675.00
System Credits 4/29																								3,675.00
System Debits 4/29																								—
Bank Credit 4/29																											70,340.00
Bank Debit 4/29 (funds movement adj)																															35,170.00
Bank Debit 4/29 (payment reversal)																															35,170.00
Trustee Wire 4/29																													��
					TOTALS:	345,607.77		63,502.75		409,110.52		5,685,863.92		1,116,147.97		81,878.41		5,640.00			1,203,666.38			1,203,666.38			2,203,812.76		1,086,787.48		1,117,025.28
Loans Due in Current Period and Paid in Prior Period:
		04012011		20012901	MONTEREY JR C	—		2,100.00		2,100.00		140,000.00
					TOTALS:	—		2,100.00		2,100.00		140,000.00
Loans Due in Current Period Not Yet Paid:
		04012011		20000101	ALBION COLLEG	—		7,050.00		7,050.00		470,000.00
		04012011		20001301	AUGSBERG COLL	90,000.00		8,400.00		98,400.00		560,000.00
		04012011		20001401	AZUSA UNIVERS	45,000.00		5,295.00		50,295.00		353,000.00
		04012011		20004001	COLL.OF ST. T	35,000.00		3,900.00		38,900.00		260,000.00
		04012011		20013501	NEW ENGLAND C	—		1,558.75		1,558.75		85,999.99
		04012011		20013502	NEW ENGLAND C	50,000.00		7,725.00		57,725.00		515,000.00
		04012011		20018001	ST.EDWARDS	16,000.00		888.13		16,888.13		65,000.00
		04012011		20019101	TAYLOR UNIV.	—		900.00		900.00		—
		04012011		20022601	UNIV.OF STEUB	25,000.00		877.50		25,877.50		52,000.00
					TOTALS:	261,000.00		36,594.38		297,594.38		2,360,999.99
					GRAND TOTAL:	606,607.77		102,197.13		708,804.90		8,186,863.91

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
April-11

Total System Credits @ 4/30	1,203,666.38
Total Bank Credits @ 4/30	2,203,812.76
04/04/11                funds movement adjustment	(860,100.00	)
04/07/11                funds movement adjustment	(12,640.00	)
04/08/11                funds movement adjustment	(14,075.52	)
04/08/11                Direct to Lender payment	21,220.00
04/12/11                Direct to Lender payment	91,630.00
04/18/11                funds movement adjustment	(22,005.00	)
04/21/11                funds movement adjustment	(131,745.00	)
04/26/11                funds movement adjustment	(5,765.86	)
04/29/11                funds movement adjustment	(35,170.00	)
04/29/11                payment reversal	(35,170.00	)
04/29/11                in transit credit	7,350.00
04/29/11                in transit funds movement adjustment	(3,675.00	)
Adjusted Bank Credits:	1,203,666.38
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
April-11

Total Bank Credits @ 4/30	2,203,812.76
Total Debits to Trustee @ 4/30	1,086,787.48
04/15/11                Service Fee	353.90
04/04/11                funds movement adjustment	860,100.00
04/07/11                funds movement adjustment	12,640.00
04/08/11                funds movement adjustment	14,075.52
04/18/11                funds movement adjustment	22,005.00
04/21/11                funds movement adjustment	131,745.00
04/26/11                funds movement adjustment	5,765.86
04/29/11                funds movement adjustment	35,170.00
04/29/11                payment reversal	35,170.00
Adjusted Debits to Trustee	2,203,812.76
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for May 2011

DTL

																																ACH Debits
													Principal		Principal		Interest								Net System			Total Bank				and Other
Date Received	Date Due			Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Paid		Suspense			Total Paid			Credits			Credits		Trust Wires		Wires
20110502		0			20004401	R.I. JR. COLLEGE										—		—		(5,640.00	)		(5,640.00	)
20110502		5012011			20006502	FAIRLEIGH DICKINSON UNIVERSITY		2,683.89		930.93		3,614.82		62,061.73		2,683.89		930.93		—			3,614.82
20110502		5012011			20016401	CALIFORNIA STATE UNIVERSITY		—		3,450.00		3,450.00		230,000.00		—		3,450.00		—			3,450.00
20110502		5012011			20016501	CALIFORNIA STATE UNIVERSITY		—		7,050.00		7,050.00		470,000.00		—		7,050.00		—			7,050.00
20110502		5012011			20023501	McDANIEL COLLEGE		—		7,950.00		7,950.00		530,000.00		—		7,950.00		—			7,950.00
System Credits 5/2																										22,064.82
System Debits 5/2																										(5,640.00	)
Bank Credit 5/2																													7,350.00
Bank Debit 5/2 (funds movement adj)																																	3,675.00
Trustee Wire 5/2																															3,675.00
20110503		5012011			20001201	ATLANTIC UNION COLLEGE		4,067.64		1,922.80		5,990.44		128,186.89		4,067.64		1,922.80		—			5,990.44
System Credits 5/3																										5,990.44
System Debits 5/3																										—
Bank Credit 5/3																													44,129.64
Bank Debit 5/3 (payment reversal)																																	5,640.00
Bank Debit 5/3 (funds movement adj)																																	22,064.82
Trustee Wire 5/3																															16,424.82
20110504		5012011			20013301	MORRIS COLLEGE — BONDS 1983		—		3,420.00		3,420.00		228,000.00		—		3,420.00		—			3,420.00
System Credits 5/4																										3,420.00
System Debits 5/4																										—
Bank Credit 5/4																													11,980.88
Bank Debit 5/4 (funds movement adj)																																	5,990.44
Bank Debit 5/4 (service fees)																																	1,325.24
Trustee Wire 5/4																															4,665.20
20110509		5072011			20018701	FINLANDIA UNIVERSITY		8,809.26		5,266.26		14,075.52		1,805,576.15		8,809.26		5,266.26		—			14,075.52
System Credits 5/9																										14,075.52
System Debits 5/9																										—
Bank Credit 5/5																													6,840.00
Bank Debit 5/5 (funds movement adj)																																	3,420.00
Bank Debit 5/5
Trustee Wire 5/5																															3,420.00
20110512		4012011			20022602	UNIVERSITY OF STEUBENVILLE										25.00		—		—			25.00
20110512		4012011			20000101	ALBION COLLEGE										—		7,050.00		—			7,050.00
20110512		4012011			20018001	ST.EDWARDS UNIVERSITY										16,000.00		—		—			16,000.00
20110512		4012011			20018001	ST.EDWARDS UNIVERSITY										—		888.09		—			888.09
20110512		10012011			20018001	ST.EDWARDS UNIVERSITY										—		0.04		—			0.04
20110512		4012011			20022601	UNIVERSITY OF STEUBENVILLE										25,000.00		877.50		—			25,877.50
20110512		4012011			20022602	UNIVERSITY OF STEUBENVILLE										2,195.00		—		—			2,195.00
System Credits 5/12																										52,035.63
System Debits 5/12																										—
Bank Credit 5/10																													28,151.04
Bank Debit 5/10 (funds movement adj)																																	14,075.52
Bank Debit 5/10
Trustee Wire 5/10																															14,075.52
20110513		5012011			20019201	TEMPLE UNIVERSITY		—		2,160.00		2,160.00		128,000.00		—		2,160.00		—			2,160.00
System Credits 5/13																										2,160.00
System Debits 5/13																										—
Bank Credit 5/13																													50.00
Bank Debit 5/13 (funds movement adj)																																	25.00
Trustee Wire 5/13																															25.00
20110516		4012011			20003001	CASE WESTERN RESERVE UNIVERSIT										30.00		—		—			30.00
20110516		5012011			20016601	SARAH LAWRENCE COLLEGE		25,807.06		9,472.68		35,279.74		631,512.17		25,807.06		9,472.68		—			35,279.74
System Credits 5/16																										35,309.74
System Debits 5/16																										—
Bank Credit 5/16
Bank Debit 5/16 (service fees)
Bank Debit 5/16 (funds movement adj)
Trustee Wire 5/16
20110517		0			20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850										—		—		5,295.00			5,295.00
20110517		0			20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850										—		—		—			—
20110517		0			20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850										—		—		(5,295.00	)		(5,295.00	)
20110517		10012010			20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850										—		5,295.00		—			5,295.00
System Credits 5/17																										10,590.00
System Debits 5/17																										(5,295.00	)
Bank Credit 5/17																													70,619.48
Bank Debit 5/17 (funds movement adj)																																	35,309.74
Trustee Wire 5/17																															35,309.74
20110524		6012011			20013001	MONTREAT-ANDERSON COLLEGE										2,800.00		798.00		—			3,598.00
System Credits 5/24																										3,598.00
System Debits 5/24																										—
Bank Credit 5/18																													15,885.00
Bank Debit 5/18 (payment reversal)																																	5,295.00
Bank Debit 5/18 (funds movement adj)																																	5,295.00
Trustee Wire 5/18																															5,295.00
																							—
System Credits 5/25																										—
System Debits 5/25																										—
Bank Credit 5/25																													7,196.00
Bank Debit 5/25 (funds movement adj)																																	3,598.00
Bank Debit 5/25 (funds movement adj)
Trustee Wire 5/25																															3,598.00
						TOTALS:		41,367.85		41,622.67		82,990.52		4,213,336.94		87,417.85		56,531.30		(5,640.00	)		138,309.15			138,309.15			192,202.04		86,488.28		105,713.76
Loans Due in Current Period and Paid in Prior Period:
		05012011			20002801	CARNEGIE-MELL		18,000.00		4,005.00		22,005.00		267,000.00
		05012011			20008301	HARCUM JR COL		—		3,675.00		3,675.00		245,000.00
		05012011			20018901	SWARTHMORE CO		5,195.20		570.66		5,765.86		38,044.16
						TOTALS:		23,195.20		8,250.66		31,445.86		550,044.16
Loans Due in Current Period Not Yet Paid:
		05012011			20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00
		05012011			20021301	UNIV OF MONTE		10,000.00		2,310.00		12,310.00		154,000.00
			��
						TOTALS:		95,000.00		17,850.00		112,850.00		1,190,000.00
						GRAND TOTAL:		159,563.05		67,723.33		227,286.38		5,953,381.10

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
May-11

Total System Credits @ 5/31	138,309.15
Total Bank Credits @ 5/31	192,202.04
04/29/11                in transit credit	(3,675.00	)
04/29/11                in transit funds movement adjustment	(3,675.00	)
05/03/11                funds movement adjustment	(22,064.82	)
05/03/11                payment reversal	(5,640.00	)
05/04/11                funds movement adjustment	(5,990.44	)
05/05/11                funds movement adjustment	(3,420.00	)
05/10/11                funds movement adjustment	(14,075.52	)
05/13/11                funds movement adjustment	(25.00	)
05/12/11                Direct to Lender payment	52,010.63
05/13/11                Direct to Lender payment	2,160.00
05/17/11                funds movement adjustment	(35,309.74	)
05/18/11                payment reversal	(5,295.00	)
05/18/11                funds movement adjustment	(5,295.00	)
05/25/11                funds movement adjustment	(3,598.00	)
Adjusted Bank Credits:	138,309.15
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
May-11

Total Bank Credits @ 5/31	192,202.04
Total Debits to Trustee @ 5/31	86,488.28
05/04/11                Service Fee	1,325.24
04/29/11                in transit funds movement adjustment	3,675.00
05/03/11                funds movement adjustment	22,064.82
05/03/11                payment reversal	5,640.00
05/04/11                funds movement adjustment	5,990.44
05/05/11                funds movement adjustment	3,420.00
05/10/11                funds movement adjustment	14,075.52
05/13/11                funds movement adjustment	25.00
05/17/11                funds movement adjustment	35,309.74
05/18/11                payment reversal	5,295.00
05/18/11                funds movement adjustment	5,295.00
05/25/11                funds movement adjustment	3,598.00
Adjusted Debits to Trustee	192,202.04
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for December 2010

DTL

																												ACH Debits
			Loan									Principal		Principal								Net System		Total Bank				and Other
Date Received	Date Due		Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Interest Paid		Suspense		Total Paid		Credits		Credits		Trust Wires		Wires
20101201		12012010		20014401	OLD DOMINION UNIVERSITY		—		7,575.00		7,575.00		504,999.99		—		7,575.00		—		7,575.00
System Credits 12/1																							7,575.00
System Debits 12/1																							—
Bank Credit 12/1
Bank Debit 12/1
Trustee Wire 121/1
20101207		12072010		20018701	FINLANDIA UNIVERSITY		8,682.42		5,393.10		14,075.52		1,849,061.79		8,682.42		5,393.10		—		14,075.52
System Credits 12/7																							14,075.52
System Debits 12/7																							—
Bank Credit 12/2																									15,150.00
Bank Debit 12/2 (service fees)																													1,480.25
Bank Debit 12/2 (funds movement adj)																													7,575.00
Trustee Wire 121/2																											6,094.75
20101209		10012010		20000101	ALBION COLLEGE										89,975.00		—		—		89,975.00
20101209		11012010		20019201	TEMPLE UNIVERSITY										34,950.00		2,750.63		—		37,700.63
System Credits 12/9																							127,675.63
System Debits 12/9																							—
Bank Credit 12/8																									28,151.04
Bank Debit 12/8 (funds movement adj)																													14,075.52
Trustee Wire 12/8																											14,075.52
System Credits 12/10																							—
System Debits 12/10																							—
Bank Credit 12/10
Bank Debit 12/10 (funds movement adj)
Trustee Wire 12/10
					TOTALS:		8,682.42		12,968.10		21,650.52		2,354,061.78		133,607.42		15,718.73		—		149,326.15		149,326.15		43,301.04		20,170.27		23,130.77
Loans Due in Current Period and Paid in Prior Period:
		12012010		20013001	MONTREAT-ANDE		2,800.00		840.00		3,640.00		56,000.00
					TOTALS:		2,800.00		840.00		3,640.00		56,000.00
Loans Due in Current Period Not Yet Paid:
		12302010		20002401	BOSTON UNIVER		18,006.82		8,120.10		26,126.92		541,340.00
		12012010		20010801	LONG ISLAND U		—		3,675.00		3,675.00		245,000.00
					TOTALS:		18,006.82		11,795.10		29,801.92		786,340.00
					GRAND TOTAL:		29,489.24		25,603.20		55,092.44		3,196,401.78

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
December-10

Total System Credits @ 12/31	149,326.15
Total Bank Credits @ 12/31	43,301.04
12/09/10                Direct to Lender payments applied	127,675.63
12/02/10                funds movement adjustment	(7,575.00	)
12/08/10                funds movement adjustment	(14,075.52	)
Adjusted Bank Credits:	149,326.15
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
December-10

Total Bank Credits @ 12/31	43,301.04
Total Debits to Trustee @ 12/31	20,170.27
12/02/10                Service Fee	1,480.25
12/02/10                funds movement adjustment	7,575.00
12/08/10                funds movement adjustment	14,075.52
Adjusted Debits to Trustee	43,301.04
	—