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

Exhibit 99.5

Berkadia Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of January 01, 2012 through January 31, 2012

Collections:
Principal Payments	87,397.27
Interest Payments	18,430.17
Total Principal and Interest Collections	105,827.44
Payments and Reversals Posted to Suspense	—
Total Collections	105,827.44
Less: Servicing Fees (not withheld from remittances)	(321.54	)
Net Collections	105,505.90

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of January 01, 2012 through January 31, 2012

Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
1012012	20003901	COLL. OF CHAR		—		4,725.00		4,725.00		315,000.00		86.63
1072012	20018701	SUOMI COLLEGE		8,846.19		5,229.33		14,075.52		1,735,075.80		79.52
1012012	20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		6.05
												—
												—
												—
		TOTALS:		13,846.19		10,284.33		24,130.52		2,072,075.80		172.20
12302011	20002401	BOSTON UNIVER		18,276.92		7,575.84		25,852.76		505,056.26		138.89		PAID 1/31/12
10012010	20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		16.50		PAID (p/o) 1/17/12
1012012	20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		(6.05	)	unpaid
												321.54		Service Fees due
SF STILL DUE:
10012010	20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		71.50		unpaid
4012011	20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		71.50		unpaid
11012010	20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90		unpaid
5012011	20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90		unpaid
11012011	20020001	UNIV. OF ALAB		—		14,265.00		14,265.00		951,000.00		261.53		unpaid
7012011	20021401	U OF NEBRASKA		6,000.00		420.00		6,420.00		28,000.00		7.70		unpaid
11012011	20021301	UNIV OF MONTE		—		2,160.00		2,160.00		144,000.00		39.60		unpaid

Page 2 of 11

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of January 01, 2012 through January 31, 2012

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
20019101		1/17/2012		60,900.00		60,000.00		900.00				10012010
TOTAL:				60,900.00		60,000.00		900.00		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of January 01, 2012 through January 31, 2012

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 January 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERSITY		3		486,505.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,726,229.61		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		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		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
					11,802,865.84

Page 6 of 11

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of January 31, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 7 of 11

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of January 31, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 8 of 11

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of January 31, 2012

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20004001	COLLEGE OF ST.THOMAS		10/1/2010		42,800.00		260,000.00
20020001	UNIVERSITY OF ALABAMA		11/1/2010		130,345.00		1,036,000.00
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		1/1/2011		17,245.00		33,000.00
20021301	UNIVERSITY OF MONTEVALLO		11/1/2011		2,160.00		144,000.00
TOTAL					192,550.00		1,473,000.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of January 31, 2012

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, 2012 through February 29, 2012

Collections:
Principal Payments	8,872.86
Interest Payments	5,202.66
Total Principal and Interest Collections	14,075.52
Payments and Reversals Posted to Suspense	—
Total Collections	14,075.52
Less: Servicing Fees (not withheld from remittances)	(79.12	)
Net Collections	13,996.40

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of February 01, 2012 through February 29, 2012

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
													—
2072012		20018701	SUOMI COLLEGE		8,872.86		5,202.66		14,075.52		1,726,229.61		79.12
													—
													—
													—
													—
			TOTALS:		8,872.86		5,202.66		14,075.52		1,726,229.61		79.12
													79.12	Service Fees due
SF STILL DUE:
10012010		20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		71.50	unpaid
4012011		20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		71.50	unpaid
11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90	unpaid
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90	unpaid
11012011		20020001	UNIV. OF ALAB		—		14,265.00		14,265.00		951,000.00		261.53	unpaid
7012011		20021401	U OF NEBRASKA		6,000.00		420.00		6,420.00		28,000.00		7.70	unpaid
11012011		20021301	UNIV OF MONTE		—		2,160.00		2,160.00		144,000.00		39.60	unpaid
1012012		20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		6.05	unpaid

Page 2 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of February 01, 2012 through February 29, 2012

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 February 01, 2012 through February 29, 2012

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 February 29, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERSITY		3		486,505.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,717,356.75		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		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		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
					11,793,992.98

Page 7 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of February 29, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 8 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of February 29, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 9 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of February 29, 2012

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20004001	COLLEGE OF ST.THOMAS		10/1/2010		42,800.00		260,000.00
20020001	UNIVERSITY OF ALABAMA		11/1/2010		130,345.00		1,036,000.00
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		1/1/2011		17,245.00		33,000.00
20021301	UNIVERSITY OF MONTEVALLO		11/1/2011		2,160.00		144,000.00
TOTAL					192,550.00		1,473,000.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of February 29, 2012

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of March 01, 2012 through March 31, 2012

Collections:
Principal Payments	424,233.53
Interest Payments	13,062.00
Total Principal and Interest Collections	437,295.53
Payments and Reversals Posted to Suspense	—
Total Collections	437,295.53
Less: Servicing Fees (not withheld from remittances)	(210.17	)
Net Collections	437,085.36

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of March 01, 2012 through March 31, 2012

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
3072012		20018701	SUOMI COLLEGE		9,233.53		4,841.99		14,075.52		1,717,356.75		78.71
3012012		20019502	TEXAS TECH UN		60,000.00		2,229.38		62,229.38		123,000.00		33.83
3012012		20019504	TEXAS TECH UN		355,000.00		5,990.63		360,990.63		355,000.00		97.63
													—
													—
													—
			TOTALS:		424,233.53		13,062.00		437,295.53		2,195,356.75		210.17
													210.17	Service Fees due
SF STILL DUE:
10012010		20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		71.50	unpaid
4012011		20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		71.50	unpaid
11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90	unpaid
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90	unpaid
11012011		20020001	UNIV. OF ALAB		—		14,265.00		14,265.00		951,000.00		261.53	unpaid
7012011		20021401	U OF NEBRASKA		6,000.00		420.00		6,420.00		28,000.00		7.70	unpaid
11012011		20021301	UNIV OF MONTE		—		2,160.00		2,160.00		144,000.00		39.60	unpaid
1012012		20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		6.05	unpaid

Page 2 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of March 01, 2012 through March 31, 2012

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, 2012 through March 31, 2012

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, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB			Maturity Date
20000101	ALBION COLLEGE		3		380,000.00			10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60			5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00			4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00			4012017
20002401	BOSTON UNIVERSITY		3		486,505.18			12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00			11012017
20003001	CASE WESTERN RESERVE UNIVERSITY		3		665,000.00			4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00			7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00			4012017
20004401	R.I. JR. COLLEGE		3		156,000.00			4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69			11012020
20008301	HARCUM COLLEGE		3		200,000.00			11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00			6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00			4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00			10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00			12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00			11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99			10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00			4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99			6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00			11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00			11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95			11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00			4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,708,123.22			8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83			11012013
20019201	TEMPLE UNIVERSITY		3.375		93,000.00			11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		63,000.00			3012013
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00			5012021
20021301	UNIVERSITY OF MONTEVALLO		3		144,000.00			5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00			1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00	��		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00			4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00			10012019
20023501	McDANIEL COLLEGE		3		450,000.00			11012016
					11,369,759.45

Page 7 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of March 31, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 8 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of March 31, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 9 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of March 31, 2012

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20004001	COLLEGE OF ST.THOMAS		10/1/2010		42,800.00		260,000.00
20020001	UNIVERSITY OF ALABAMA		11/1/2010		130,345.00		1,036,000.00
20021301	UNIVERSITY OF MONTEVALLO		11/1/2011		2,160.00		144,000.00
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		1/1/2011		17,245.00		33,000.00
TOTAL					192,550.00		1,473,000.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of March 31, 2012

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, 2012 through April 30, 2012

Collections:
Principal Payments	355,514.51
Interest Payments	61,599.50
Total Principal and Interest Collections	417,114.01
Payments and Reversals Posted to Suspense	130,800.64
Total Collections	547,914.65
Less: Servicing Fees (not withheld from remittances)	(830.16	)
Net Collections	547,084.49

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of April 01, 2012 through April 30, 2012

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
4072012		20018701	SUOMI COLLEGE		8,927.43		5,148.09		14,075.52		1,708,123.22		78.29
4012012		20000101	ALBION COLLEGE		—		5,700.00		5,700.00		380,000.00		104.50
4012012		20012101	MIDDLEBURY COLLEGE		30,000.00		6,300.00		36,300.00		420,000.00		115.50
4012012		20013501	NEW ENGLAND COLLEGE		—		960.62		960.62		52,999.99		14.57
4012012		20013502	NEW ENGLAND COLLEGE		50,000.00		6,975.00		56,975.00		465,000.00		127.88
4012012		20018001	ST.EDWARDS UNIVERSITY		17,000.00		598.13		17,598.13		33,000.00		9.08
4012012		20022602	UNIVERSITY OF STEUBENVILLE		20,000.00		1,935.00		21,935.00		129,000.00		35.48
4012012		20003001	CASE WESTERN RESERVE UNIVERSIT		130,000.00		9,975.00		139,975.00		665,000.00		182.88
4012012		20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		45,000.00		4,620.00		49,620.00		308,000.00		84.70
4012012		20004401	R.I. JR. COLLEGE		10,000.00		2,340.00		12,340.00		156,000.00		42.90
4012012		20012901	MONTEREY PENINSULA JR. COLLEGE		—		1,875.00		1,875.00		125,000.00		34.38
4012012		20001301	AUGSBERG COLL		90,000.00		7,050.00		97,050.00		470,000.00		129.25
4012012		20004001	COLL.OF ST. T		35,000.00		3,375.00		38,375.00		225,000.00		61.88
4012012		20022701	UNIV OF VERMO		73,000.00		19,500.00		92,500.00		1,300,000.00		357.50
4012012		20022601	UNIV.OF STEUB		27,000.00		455.63		27,455.63		27,000.00		7.43
			TOTALS:		535,927.43		76,807.47		612,734.90		6,464,123.21		1,386.22
4012012		20001301	AUGSBERG COLL		90,000.00		7,050.00		97,050.00		470,000.00		(129.25	)	unpaid
4012012		20004001	COLL.OF ST. T		35,000.00		3,375.00		38,375.00		225,000.00		(61.88	)	unpaid
4012012		20022701	UNIV OF VERMO		73,000.00		19,500.00		92,500.00		1,300,000.00		(357.50	)	unpaid
4012012		20022601	UNIV.OF STEUB		27,000.00		455.63		27,455.63		27,000.00		(7.43	)	unpaid
													830.16		Service Fees due
SF STILL DUE:
10012010		20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		71.50		unpaid
4012011		20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		71.50		unpaid
7012011		20021401	U OF NEBRASKA		6,000.00		420.00		6,420.00		28,000.00		7.70		unpaid
11012011		20021301	UNIV OF MONTE		—		2,160.00		2,160.00		144,000.00		39.60		unpaid
1012012		20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		6.05		unpaid
11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90		posted 5/1, collect with May reporting
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90		posted 5/1, collect with May reporting
11012011		20020001	UNIV. OF ALAB		—		14,265.00		14,265.00		951,000.00		261.53		posted 5/1, collect with May reporting

Page 2 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of April 01, 2012 through April 30, 2012

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 April 01, 2012 through April 30, 2012

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 April 30, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		263,000.00		4012017
20002401	BOSTON UNIVERSITY		3		486,505.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		214,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		535,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		146,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		390,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		415,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		552,923.87		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		16,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,699,195.79		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		63,000.00		3012013
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		109,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
					11,014,244.94

Page 7 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of April 30, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 8 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of April 30, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 9 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of April 30, 2012

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20004001	COLLEGE OF ST.THOMAS		10/1/2010		81,175.00		260,000.00
20020001	UNIVERSITY OF ALABAMA		11/1/2010		130,345.00		1,036,000.00
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		1/1/2011		17,245.00		33,000.00
20021301	UNIVERSITY OF MONTEVALLO		11/1/2011		2,160.00		144,000.00
TOTAL					230,925.00		1,473,000.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of April 30, 2012

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, 2012 through May 31, 2012

Collections:
Principal Payments	717,227.34
Interest Payments	108,162.69
Total Principal and Interest Collections	825,390.03
Payments and Reversals Posted to Suspense	(121,589.81	)
Total Collections	703,800.22
Less: Servicing Fees (not withheld from remittances)	(1,846.91	)
Net Collections	701,953.31

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of May 01, 2012 through May 31, 2012

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
5072012		20018701	SUOMI COLLEGE		9,119.53		4,955.99		14,075.52		1,699,195.79		77.88
5012012		20001201	ATLANTIC UNIO		4,190.58		1,799.86		5,990.44		119,990.60		5.50
5012012		20006502	FAIRLEIGH DIC		2,765.01		849.81		3,614.82		56,653.69		15.58
5012012		20013301	MORRIS COLLEG		—		2,325.00		2,325.00		155,000.00		42.63
5012012		20016401	CALIFORNIA ST		—		3,150.00		3,150.00		210,000.00		57.75
5012012		20016501	CALIFORNIA ST		—		6,525.00		6,525.00		435,000.00		119.63
5012012		20018901	SWARTHMORE CO		5,352.22		413.64		5,765.86		27,575.83		7.58
5012012		20019201	TEMPLE UNIV.		—		1,569.38		1,569.38		93,000.00		25.58
5012012		20020001	UNIV. OF ALAB		85,000.00		14,265.00		99,265.00		951,000.00		261.53
5012012		20023501	WSTRN MARYLAN		—		6,750.00		6,750.00		450,000.00		123.75
5012012		20002801	CARNEGIE-MELL		18,000.00		3,480.00		21,480.00		232,000.00		63.80
5012012		20021301	UNIV OF MONTE		10,000.00		2,160.00		12,160.00		144,000.00		39.60
5012012		20016601	SARAH LAWRENC		26,587.08		8,692.66		35,279.74		579,510.95		159.37
5012012		20008301	HARCUM JR COL		—		3,000.00		3,000.00		200,000.00		55.00
			TOTALS:		161,014.42		59,936.34		220,950.76		5,352,926.86		1,055.18
11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90
11012011		20020001	UNIV. OF ALAB		—		14,265.00		14,265.00		951,000.00		261.53
4012012		20021301	UNIV OF MONTE		10,000.00		2,160.00		12,160.00		144,000.00		(39.60	)	unpaid
													1,846.91		Service Fees due
SF STILL DUE:
10012010		20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		71.50		unpaid
4012011		20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		71.50		unpaid
7012011		20021401	U OF NEBRASKA		6,000.00		420.00		6,420.00		28,000.00		7.70		unpaid
11012011		20021301	UNIV OF MONTE		—		2,160.00		2,160.00		144,000.00		39.60		unpaid
1012012		20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		6.05		unpaid
4012012		20001301	AUGSBERG COLL		90,000.00		7,050.00		97,050.00		470,000.00		129.25		unpaid
4012012		20004001	COLL.OF ST. T		35,000.00		3,375.00		38,375.00		225,000.00		61.88		unpaid
4012012		20022601	UNIV.OF STEUB		27,000.00		455.63		27,455.63		27,000.00		7.43		unpaid
11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90		posted 5/1, collect with May reporting
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90		posted 5/1, collect with May reporting
11012011		20020001	UNIV. OF ALAB		—		14,265.00		14,265.00		951,000.00		261.53		posted 5/1, collect with May reporting

Page 2 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of May 01, 2012 through May 31, 2012

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
20023501		5/1/2012		456,750.00		450,000.00		6,750.00				11012016
TOTAL:				456,750.00		450,000.00		6,750.00		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of May 01, 2012 through May 31, 2012

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 May 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		115,800.02		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		263,000.00		4012017
20002401	BOSTON UNIVERSITY		3		486,505.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		214,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSITY		3		535,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		146,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		53,888.68		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		390,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		44,800.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		415,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		552,923.87		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		16,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,690,076.26		8062014
20018901	SWARTHMORE COLLEGE		3		22,223.61		11012013
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		63,000.00		3012013
20020001	UNIVERSITY OF ALABAMA		3		866,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		144,000.00		5012023
20021401	UNIV. OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		109,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,227,000.00		10012019
					10,297,017.60

Page 8 of 13

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of May 31, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity
Date

Page 9 of 13

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of May 31, 2012

Loan Number Borrower Name Interest
Rate Current
UPB Maturity
Date

Page 10 of 13

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of May 31, 2012

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20004001	COLLEGE OF ST. THOMAS		10/1/2010		81,175.00		260,000.00
20021401	UNIV. OF NEBRASKA/ AG MENS CLUB		1/1/2011		17,245.00		33,000.00
20021301	UNIVERSITY OF MONTEVALLO		11/1/2011		14,320.00		144,000.00
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		4/1/2012		97,050.00		106,800.00
20022601	UNIVERSITY OF STEUBENVILLE		4/1/2012		27,455.63		27,000.00
	TOTAL				237,245.63		570,800.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of May 31, 2012

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, 2011 through December 31, 2011

Collections:
Principal Payments	8,988.67
Interest Payments	13,336.85
Total Principal and Interest Collections	22,325.52
Payments and Reversals Posted to Suspense	—
Total Collections	22,325.52
Less: Servicing Fees (not withheld from remittances)	(245.05	)
Net Collections	22,080.47

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of December 01, 2011 through December 31, 2011

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
12012011		20010801	LONG ISLAND U		—		3,150.00		3,150.00		210,000.00		57.75
12012011		20014401	DOMNION UNIV.		—		5,100.00		5,100.00		339,999.99		93.50
12072011		20018701	SUOMI COLLEGE		8,988.67		5,086.85		14,075.52		1,744,064.47		79.94
12012011		20013001	MONTREAT-ANDE		2,800.00		756.00		3,556.00		50,400.00		13.86
12302011		20002401	BOSTON UNIVER		18,276.92		7,575.84		25,852.76		505,056.26		138.89
													—
			TOTALS:		30,065.59		21,668.69		51,734.28		2,849,520.72		383.94
12302011		20002401	BOSTON UNIVER		18,276.92		7,575.84		25,852.76		505,056.26		(138.89	)		unpaid
													245.05
															Service Fees due
SF STILL DUE:
10012010		20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00		71.50			unpaid
4012011		20004001	COLL.OF ST. T		35,000.00		3,900.00		38,900.00		260,000.00		71.50			unpaid
10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		16.50			unpaid
11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00		284.90			unpaid
5012011		20020001	UNIV. OF ALAB		85,000.00		15,540.00		100,540.00		1,036,000.00		284.90			unpaid
11012011		20020001	UNIV. OF ALAB		—		14,265.00		14,265.00		951,000.00		261.53			unpaid
7012011		20021401	U OF NEBRASKA		6,000.00		420.00		6,420.00		28,000.00		7.70			unpaid
11012011		20021301	UNIV OF MONTE		—		2,160.00		2,160.00		144,000.00		39.60			unpaid

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of December 01, 2011 through December 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 December 01, 2011 through December 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 December 31, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERITY		3		505,056.26		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,735,075.80		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		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		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
					11,890,263.11

Page 7 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of December 31, 2011

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 8 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of December 31, 2011

Loan Number Borrower Name Interest
Rate Current
UPB Maturity Date

Page 9 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of December 31, 2011

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20004001	COLLEGE OF ST.THOMAS		10/1/2010		42,800.00		260,000.00
20019101	TAYLOR UNIVERISTY		10/1/2010		62,700.00		60,000.00
20020001	UNIVERSITY OF ALABAMA		11/1/2010		130,345.00		1,036,000.00
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		1/1/2011		11,915.00		33,000.00
20021301	UNIVERSITY OF MONTEVALLO		11/1/2011		2,160.00		144,000.00
TOTAL					249,920.00		1,533,000.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of December 31, 2011

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, 2011

Collections:

	October			November			December
Principal Payments		695,331.11			376,718.52			8,988.67
Interest Payments		101,807.90			43,352.83			13,336.85
Total Principal and Interest Collections		797,139.01			420,071.35			22,325.52
Payments and Reversals Posted to Suspense		—			1,555.20			—
Total Collections		797,139.01			421,626.55			22,325.52
Less: Servicing Fees (not withheld from remittances)		(1,584.19	)		(1,062.40	)		(245.05	)
Net Collections		795,554.82			420,564.15			22,080.47

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended December 31, 2011

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
October
10012011		20001301	AUGSBERG COLL		—		7,050.00		7,050.00		470,000.00		129.25
10012011		20001401	AZUSA UNIVERS		—		4,620.00		4,620.00		308,000.00		84.70
10012011		20003001	CASE WESTERN		—		9,975.00		9,975.00		665,000.00		182.88
10012011		20004001	COLL. OF ST. T		—		3,375.00		3,375.00		225,000.00		61.88
10012011		20004401	R.I. JR. COLL		10,000.00		2,490.00		12,490.00		166,000.00		45.65
10012011		20012101	MIDDLEBURY CO		30,000.00		6,750.00		36,750.00		450,000.00		123.75
10012011		20013501	NEW ENGLAND C		33,000.00		1,558.75		34,558.75		85,999.99		23.65
10012011		20013502	NEW ENGLAND C		—		6,975.00		6,975.00		465,000.00		127.88
10072011		20018701	SUOMI COLLEGE		8,936.95		5,138.57		14,075.52		1,761,794.02		80.75
10012011		20022701	UNIV OF VERMO		72,000.00		20,580.00		92,580.00		1,372,000.00		377.30
10012011		20012901	MONTEREY JR C		15,000.00		2,100.00		17,100.00		140,000.00		38.50
10012011		20000101	ALBION COLLEG		90,000.00		7,050.00		97,050.00		470,000.00		129.25
10012011		20018001	ST.EDWARDS		—		598.13		598.13		33,000.00		9.08
10012011		20022601	UNIV.OF STEUB		—		455.63		455.63		27,000.00		7.43
10012011		20022602	UNIV. OF STEUB		—		1,935.00		1,935.00		129,000.00		35.48
			TOTALS:		258,936.95		80,651.08		339,588.03		6,767,794.01		1,457.43
10012010		20001301	AUGSBERG COLL		0.00		8,400.00		8,400.00		560,000.00		154.00		paid
4012011		20001301	AUGSBERG COLL		90,000.00		8,400.00		98,400.00		560,000.00		154.00		paid
10012011		20000101	ALBION COLLEG		90,000.00		7,050.00		97,050.00		470,000.00		(129.25	)	unpaid
10012011		20018001	ST.EDWARDS		0.00		598.13		598.13		33,000.00		(9.08	)	unpaid
10012011		20022601	UNIV. OF STEUB		0.00		455.63		455.63		27,000.00		(7.43	)	unpaid
10012011		20022602	UNIV. OF STEUB		0.00		1,935.00		1,935.00		129,000.00		(35.48	)	unpaid
													1,584.19		Service Fees due
November
11012011		20001201	ATLANTIC UNIO		4,128.65		1,861.79		5,990.44		124,119.25		34.13
11012011		20006502	FAIRLEIGH DIC		2,724.15		890.67		3,614.82		59,377.84		16.33
11012011		20013301	MORRIS COLLEG		73,000.00		3,420.00		76,420.00		228,000.00		62.70
11012011		20016401	CALIFORNIA ST		20,000.00		3,450.00		23,450.00		230,000.00		63.25
11012011		20016501	CALIFORNIA ST		35,000.00		7,050.00		42,050.00		470,000.00		129.25
11072011		20018701	SUOMI COLLEGE		8,792.60		5,282.92		14,075.52		1,752,857.07		80.34
11012011		20018901	SWARTHMORE CO		5,273.13		492.73		5,765.86		32,848.96		9.03
11012011		20019201	TEMPLE UNIV.		35,000.00		2,160.00		37,160.00		128,000.00		35.20
11012011		20023501	WSTRN MARYLAN		80,000.00		7,950.00		87,950.00		530,000.00		145.75
11012011		20002801	CARNEGIE-MELL		17,000.00		3,735.00		20,735.00		249,000.00		68.48
11012011		20008301	HARCUM JR COL		45,000.00		3,675.00		48,675.00		245,000.00		67.38
11012011		20016601	SARAH LAWRENC		26,194.16		9,085.58		35,279.74		605,705.11		166.57
11012011		20020001	UNIV. OF ALAB		0.00		14,265.00		14,265.00		951,000.00		261.53
11012011		20021301	UNIV OF MONTE		0.00		2,160.00		2,160.00		144,000.00		39.60
			TOTALS:		352,112.69		65,478.69		417,591.38		5,749,908.23		1,179.54
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
10012011		20000101	ALBION COLLEG		90,000.00		7,050.00		97,050.00		470,000.00		129.25
10012011		20018001	ST.EDWARDS		0.00		598.13		598.13		33,000.00		9.08
10012011		20022601	UNIV. OF STEUB		0.00		455.63		455.63		27,000.00		7.43
10012011		20022602	UNIV. OF STEUB		0.00		1,935.00		1,935.00		129,000.00		35.48
11012011		20020001	UNIV. OF ALAB		0.00		14,265.00		14,265.00		951,000.00		(261.53	)
11012011		20021301	UNIV OF MONTE		0.00		2,160.00		2,160.00		144,000.00		(39.60	)
													1,062.40		Service Fees due

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended December 31, 2011

Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
December
12012011	20010801	LONG ISLAND U		0.00		3,150.00		3,150.00		210,000.00		57.75
12012011	20014401	DOMNION UNIV.		0.00		5,100.00		5,100.00		339,999.99		93.50
12072011	20018701	SUOMI COLLEGE		8,988.67		5,086.85		14,075.52		1,744,064.47		79.94
12012011	20013001	MONTREAT-ANDE		2,800.00		756.00		3,556.00		50,400.00		13.86
12302011	20002401	BOSTON UNIVER		18,276.92		7,575.84		25,852.76		505,056.26		138.89
		TOTALS:		30,065.59		21,668.69		51,734.28		2,849,520.72		383.94
12302011	20002401	BOSTON UNIVER		18,276.92		7,575.84		25,852.76		505,056.26		(138.89	)	unpaid
												245.05		Service Fees due
	TOTALS FOR QTR			641,115.23		167,798.46		808,913.69		15,367,222.96		2,891.64

Berkadia Commercial Mortgage

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended December 31, 2011

Loan Number	Payoff Date		Total Amount		Principal Amount		Interest Amount		Other Fees		Maturity Date
20012401		3/14/2204		19,999.99		19,999.99		—		—		7012008
Totals				19,999.99		19,999.99		—		—

* 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, 2011

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount
20001301		10/12/2011		363200.00		363200.00		0
								—
TOTAL:				363,200.00		363,200.00		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended December 31, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
October
20000101	ALBION COLLEGE		3		470,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		124,119.25		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERITY		3		505,056.26		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		59,377.84		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		50,400.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		228,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST. EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,752,857.07		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		144,000.00		5012023
20021401	UNIV. OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		530,000.00		11012016
	TOTALS:				12,275,970.30
November
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERITY		3		505,056.26		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018

Page 9 of 14

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended December 31, 2011

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
20006502		FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301		HARCUM COLLEGE		3		200,000.00		11012015
20010801		LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101		MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901		MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001		MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301		MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501		NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502		NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401		OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401		CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501		CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601		SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001		ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701		FINLANDIA UNIVERSITY		3.5		1,744,064.47		8062014
20018901		SWARTHMORE COLLEGE		3		27,575.83		11012013
20019101	��	TAYLOR UNIVERSITY		3		60,000.00		10012010
20019201		TEMPLE UNIVERSITY		3.375		93,000.00		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		144,000.00		5012023
20021401		UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601		UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602		UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701		UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501		McDANIEL COLLEGE		3		450,000.00		11012016
		TOTALS:				11,899,251.78
December
20000101		ALBION COLLEGE		3		380,000.00		10012015
20001201		ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301		AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401		AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401		BOSTON UNIVERSITY		3		505,056.26		12312022
20002801		CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001		CASE WESTERN RESERVE UNIVERSITY		3		665,000.00		4012016
20003901		COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001		COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401		R.I. JR. COLLEGE		3		156,000.00		4012018
20006502		FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301		HARCUM COLLEGE		3		200,000.00		11012015
20010801		LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101		MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901		MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001		MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301		MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501		NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502		NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401		OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401		CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501		CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021

Page 10 of 14

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended December 31, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,735,075.80		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		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		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
					11,890,263.11

Page 11 of 14

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended December 31, 2011

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
20004001	COLLEGE OF ST.THOMAS		10/1/2010		42,800.00		260,000.00
20019101	TAYLOR UNIVERISTY		10/1/2010		62,700.00		60,000.00
20020001	UNIVERSITY OF ALABAMA		11/1/2010		130,345.00		1,036,000.00
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		1/1/2011		11,915.00		33,000.00
20021301	UNIVERSITY OF MONTEVALLO		11/1/2011		2,160.00		144,000.00
TOTAL					249,920.00		1,533,000.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

For the Quarter Ended December 31, 2011

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, 2012

Collections:

	January			February			March
Principal Payments		87,397.27			8,872.86			424,233.53
Interest Payments		18,430.17			5,202.66			13,062.00
Total Principal and Interest Collections		105,827.44			14,075.52			437,295.53
Payments and Reversals Posted to Suspense		���			—			—
Total Collections		105,827.44			14,075.52			437,295.53
Less: Servicing Fees (not withheld from remittances)		(321.54	)		(79.12	)		(210.17	)
Net Collections		105,505.90			13,996.40			437,085.36

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended March 31, 2012

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
January
1012012		20003901	COLL. OF CHAR		—		4,725.00		4,725.00		315,000.00		86.63
1072012		20018701	SUOMI COLLEGE		8,846.19		5,229.33		14,075.52		1,735,075.80		79.52
1012012		20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		6.05
			TOTALS:		13,846.19		10,284.33		24,130.52		2,072,075.80		172.20
12302011		20002401	BOSTON UNIVER		18,276.92		7,575.84		25,852.76		505,056.26		138.89		PAID 1/31/12
10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		16.50		PAID (p/o) 1/17/12
1012012		20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00		(6.05	)	unpaid
													321.54		Service Fees due
February
2072012		20018701	SUOMI COLLEGE		8,872.86		5,202.66		14,075.52		1,726,229.61		79.12
			TOTALS:		8,872.86		5,202.66		14,075.52		1,726,229.61		79.12
													79.12		Service Fees due
March
3072012		20018701	SUOMI COLLEGE		9,233.53		4,841.99		14,075.52		1,717,356.75		78.71
3012012		20019502	TEXAS TECH UN		60,000.00		2,229.38		62,229.38		123,000.00		33.83
3012012		20019504	TEXAS TECH UN		355,000.00		5,990.63		360,990.63		355,000.00		97.63
			TOTALS:		424,233.53		13,062.00		437,295.53		2,195,356.75		210.17
													210.17		Service Fees due
		TOTALS FOR QTR			446,952.58		28,548.99		475,501.57		5,993,662.16		610.83

Berkadia Commercial Mortgage

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended March 31, 2012

Loan Number	Payoff Date		Total Amount		Principal Amount		Interest Amount		Other Fees		Maturity Date
20019101		1/17/2012		60,900.00		60,000.00		900.00			10012010
Totals				60,900.00		60,000.00		900.00		—

* 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, 2012

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

For the Quarter Ended March 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
January
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERSITY		3		486,505.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,726,229.61		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		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		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
	TOTALS:				11,802,865.84
February
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERSITY		3		486,505.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015

Page 7 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended March 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,717,356.75		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		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		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
	TOTALS:				11,793,992.98
March
20000101	ALBION COLLEGE		3		380,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		119,990.60		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		106,800.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		308,000.00		4012017
20002401	BOSTON UNIVERSITY		3		486,505.18		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		232,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		665,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		315,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		156,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		56,653.69		11012020
20008301	HARCUM COLLEGE		3		200,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		210,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		420,000.00		4012018
20012901	MONTEREY PENINSULA JR. COLLEGE		3		125,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		47,600.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		155,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		52,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		465,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		339,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		210,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		435,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		579,510.95		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		33,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,708,123.22		8062014
20018901	SWARTHMORE COLLEGE		3		27,575.83		11012013

Page 8 of 12

Berkadia Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended March 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
20019201	TEMPLE UNIVERSITY		3.375		93,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		63,000.00		3012013
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		144,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20022601	UNIVERSITY OF STEUBENVILLE		3.375		27,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		129,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,300,000.00		10012019
20023501	McDANIEL COLLEGE		3		450,000.00		11012016
					11,369,759.45

Page 9 of 12

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended March 31, 2012

Loan Number	Borrower Name	Next Payment Due	P and I Due		Current UPB
20004001	COLLEGE OF ST.THOMAS	10/1/2010		42,800.00		260,000.00
20020001	UNIVERSITY OF ALABAMA	11/1/2010		130,345.00		1,036,000.00
20021301	UNIVERSITY OF MONTEVALLO	11/1/2011		2,160.00		144,000.00
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	1/1/2011		17,245.00		33,000.00
TOTAL				192,550.00		1,473,000.00

Berkadia Commercial Mortgage

College and University Loan Trust I

Liquidation Report

For the Quarter Ended March 31, 2012

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report for January 2012

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Trust Wires		ACH Debits and Other Wires
20120104		12302011		20002401	BOSTON UNIVERITY										18,276.92		7,575.84		—			25,852.76
20120104		0		20002401	BOSTON UNIVERITY										—		—		274.16			274.16
System Credits 1/4																									26,126.92
System Debits 1/4																									—
Bank Credit 1/4
Bank Debit 1/4 (funds movement adj)
Trustee Wire 1/4
20120109		1072012		20018701	FINLANDIA UNIVERSITY		8,846.19		5,229.33		14,075.52		1,735,075.80		8,846.19		5,229.33		—			14,075.52
System Credits 1/9																									14,075.52
System Debits 1/9																									—
Bank Credit 1/5																												51,979.68
Bank Debit 1/5
Bank Debit 1/5 (funds movement adj)																																25,852.76
Trustee Wire 1/5																														26,126.92
20120110		1012012		20003901	COLLEGE OF CHARLESTON		—		4,725.00		4,725.00		315,000.00		—		4,725.00		—			4,725.00
System Credits 1/10																									4,725.00
System Debits 1/10																									—
Bank Credit 1/10																												28,151.04
Bank Debit 1/10 (funds movement adj)																																14,075.52
Bank Debit 1/10 (service fees)																																245.05
Trustee Wire 1/10																														13,830.47
20120112		0		20019101	TAYLOR UNIVERISTY										—		—		59,999.99			59,999.99
System Credits 1/12																									59,999.99
System Debits 1/12																									—
Bank Credit 1/11																												9,450.00
Bank Debit 1/11 (funds movement adj)
Bank Debit 1/11 (funds movement adj)																																4,725.00
Trustee Wire 1/11																														4,725.00
20120113		12302011		20002401	BOSTON UNIVERSITY										274.16		—		—			274.16
20120113		0		20002401	BOSTON UNIVERSITY										—		—		(274.16	)		(274.16	)
20120113		0		20002401	BOSTON UNIVERSITY										—		—		—			—
System Credits 1/13																									274.16
System Debits 1/13																									(274.16	)
Bank Credit 1/13																												59,999.99
Bank Debit 1/13 (funds movement adj)
Trustee Wire 1/13																														59,999.99
20120117		0		20019101	TAYLOR UNIVERISTY										—		—		900.00			900.00
20120117		0		20019101	TAYLOR UNIVERISTY										—		—		—			—
20120117		0		20019101	TAYLOR UNIVERISTY										—		—		(60,899.99	)		(60,899.99	)
20120117		0		20019101	TAYLOR UNIVERISTY										60,000.00		900.00		—			60,900.00
System Credits 1/17																									61,800.00
System Debits 1/17																									(60,899.99	)
Bank Credit 1/17																												548.32
																																	��
Bank Debit 1/17 (funds movement adj)																																274.16
Bank Debit 1/17 (payment reversal)																																274.16
Trustee Wire 1/17
																						—
																						—
System Credits 1/18																									—
System Debits 1/18																									—
Bank Credit 1/18																												122,700.00
Bank Debit 1/18
Bank Debit 1/18 (funds movement adj)																																60,900.00
Bank Debit 1/18 (payment reversal)																																60,899.99
Trustee Wire 1/18																														900.01
TOTALS:							8,846.19		9,954.33		18,800.52		2,050,075.80		87,397.27		18,430.17		—			105,827.44			105,827.44			272,829.03		105,582.39		167,246.64
Loans Due in Current Period and Paid in Prior Period:
TOTALS:							—		—		—		—
Loans Due in Current Period Not Yet Paid:
		1012012		20021401	U OF NEBRASKA		5,000.00		330.00		5,330.00		22,000.00
TOTALS:							5,000.00		330.00		5,330.00		22,000.00
GRAND TOTAL:							13,846.19		10,284.33		24,130.52		2,072,075.80

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

January-12

Total System Credits @ 1/31		105,827.44
Total Bank Credits @ 1/31		272,829.03
	in transit
01/05/12	funds movement adjustment	(25,852.76	)
01/10/12	funds movement adjustment	(14,075.52	)
01/11/12	funds movement adjustment	(4,725.00	)
01/17/12	funds movement adjustment	(274.16	)
01/17/12	payment reversal	(274.16	)
01/18/12	funds movement adjustment	(60,900.00	)
01/18/12	payment reversal	(60,899.99	)
	Direct to Lender posting
	Direct to Lender posting
Adjusted Bank Credits:		105,827.44
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

January-12

Total Bank Credits @ 1/31		272,829.03
Total Debits to Trustee @ 1/31		105,582.39
01/10/12	Service Fee	245.05
01/05/12	funds movement adjustment	25,852.76
01/10/12	funds movement adjustment	14,075.52
01/11/12	funds movement adjustment	4,725.00
01/17/12	funds movement adjustment	274.16
01/17/12	payment reversal	274.16
01/18/12	funds movement adjustment	60,900.00
01/18/12	payment reversal	60,899.99
Adjusted Debits to Trustee		272,829.03
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report for February 2012

Date Received	Date Due		Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	Trust Wires	ACH Debits and Other Wires
20120207	2072012	��	20018701	FINLANDIA UNIVERSITY	8,872.86	5,202.66	14,075.52	1,726,229.61	8,872.86	5,202.66	—	14,075.52
												—
System Credits 2/7													14,075.52
System Debits 2/7													—
Bank Credit 2/7
Bank Debit 2/7 (funds movement adj)
Trustee Wire 2/7
												—
System Credits 2/8													—
System Debits 2/8													—
Bank Credit 2/8														28,151.04
Bank Debit 2/8 (service and inspection fees)																1,131.54
Bank Debit 2/8 (funds movement adj)																14,075.52
Trustee Wire 2/8															12,943.98
				TOTALS:	8,872.86	5,202.66	14,075.52	1,726,229.61	8,872.86	5,202.66	—	14,075.52	14,075.52	28,151.04	12,943.98	15,207.06
Loans Due in Current Period and Paid in Prior Period:
				TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
				TOTALS:	—	—	—	—
				GRAND TOTAL:	8,872.86	5,202.66	14,075.52	1,726,229.61

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

February-12

Total System Credits @ 2/29		14,075.52
Total Bank Credits @ 2/29		28,151.04
	in transit
02/08/12	funds movement adjustment	(14,075.52	)
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	Direct to Lender posting
	Direct to Lender posting
Adjusted Bank Credits:		14,075.52
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

February-12

Total Bank Credits @ 2/29		28,151.04
Total Debits to Trustee @ 2/29		12,943.98
02/08/12	Service Fee	1,131.54
02/08/12	funds movement adjustment	14,075.52
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
Adjusted Debits to Trustee		28,151.04
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report for March 2012

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense		Total Paid		Net System Credits		Total Bank Credits		Trust Wires		ACH Debits and Other Wires
20120301		3012012		20019502	TEXAS TECH. UNIVERSITY		60,000.00		2,229.38		62,229.38		123,000.00		60,000.00		2,229.38		—		62,229.38
20120301		3012012		20019504	TEXAS TECH. UNIVERSITY		355,000.00		5,990.63		360,990.63		355,000.00		—		—		—		—
20120301		0		20019504	TEXAS TECH. UNIVERSITY										355,000.00		5,990.63		—		360,990.63
System Credits 3/1																							423,220.01
System Debits 3/1																							—
Bank Credit 3/1
Bank Debit 3/1 (funds movement adj)
Trustee Wire 3/1
20120307		3072012		20018701	FINLANDIA UNIVERSITY		9,233.53		4,841.99		14,075.52		1,717,356.75		9,233.53		4,841.99		—		14,075.52
System Credits 3/7																							14,075.52
System Debits 3/7																							—
Bank Credit 3/2																									846,440.02
Bank Debit 3/2 (service and inspection fees)
Bank Debit 3/2 (funds movement adj)																													423,220.01
Trustee Wire 3/2																											423,220.01
								��
																					—
System Credits 3/8																							—
System Debits 3/8																							—
Bank Credit 3/8																									28,151.04
Bank Debit 3/8 (funds movement adj)																													14,075.52
Bank Debit 3/8 (service fees)
Trustee Wire 3/8																											14,075.52
					TOTALS:		424,233.53		13,062.00		437,295.53		2,195,356.75		424,233.53		13,062.00		—		437,295.53		437,295.53		874,591.06		437,295.53		437,295.53
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		424,233.53		13,062.00		437,295.53		2,195,356.75

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

March-12

Total System Credits @ 3/31		437,295.53
Total Bank Credits @ 3/31		874,591.06
	in transit
03/02/12	funds movement adjustment	(423,220.01	)
03/08/12	funds movement adjustment	(14,075.52	)
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	Direct to Lender posting
	Direct to Lender posting
Adjusted Bank Credits:		437,295.53
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

March-12

Total Bank Credits @ 3/31		874,591.06
Total Debits to Trustee @ 3/31		437,295.53
	Service Fee
03/02/12	funds movement adjustment	423,220.01
03/08/12	funds movement adjustment	14,075.52
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
Adjusted Debits to Trustee		874,591.06
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report for April 2012

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Trust Wires		ACH Debits and Other Wires
20120402		4012012		20000101	ALBION COLLEGE		—		5,700.00		5,700.00		380,000.00		—		5,700.00		—			5,700.00
20120402		0		20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850										—		—		17,218.75			17,218.75
20120402		4012012		20012101	MIDDLEBURY COLLEGE		30,000.00		6,300.00		36,300.00		420,000.00		30,000.00		6,300.00		—			36,300.00
20120402		4012012		20013501	NEW ENGLAND COLLEGE		—		960.62		960.62		52,999.99		—		960.62		—			960.62
20120402		0		20013501	NEW ENGLAND COLLEGE										—		—		0.01			0.01
20120402		4012012		20013502	NEW ENGLAND COLLEGE		50,000.00		6,975.00		56,975.00		465,000.00		50,000.00		6,975.00		—			56,975.00
20120402		4012012		20018001	ST.EDWARDS UNIVERSITY		17,000.00		598.13		17,598.13		33,000.00		17,000.00		598.13		—			17,598.13
20120402		4012012		20022602	UNIVERSITY OF STEUBENVILLE		20,000.00		1,935.00		21,935.00		129,000.00		20,000.00		1,935.00		—			21,935.00
System Credits 4/2																									156,687.51
System Debits 4/2																									—
Bank Credit 4/2
Bank Credit 4/2
Bank Debit 4/2 (funds movement adj)
Trustee Wire 4/2
20120403		4012012		20003001	CASE WESTERN RESERVE UNIVERSIT		130,000.00		9,975.00		139,975.00		665,000.00		130,000.00		9,975.00		—			139,975.00
20120403		0		20022601	UNIVERSITY OF STEUBENVILLE										—		—		455.63			455.63
System Credits 04/03																									140,430.63
System Debits 04/03																									—
Bank Credit 04/03																												296,156.26
Bank Debit 04/04 (service fees)																																79.12
Bank Debit 04/03 (funds movement adj)																																139,468.75
Trustee Wire 04/03																														156,608.39
20120404		0		20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850										—		—		(17,218.75	)		(17,218.75	)
20120404		4012012		20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		45,000.00		4,620.00		49,620.00		308,000.00		45,000.00		4,620.00		—			49,620.00
																						—
System Credits 4/4																									49,620.00
System Debits 4/4																									(17,218.75	)
Bank Credit 4/4																												280,405.63
Bank Debit 4/4 (funds movement adj)																																139,975.00
Bank Debit 4/4
Trustee Wire 4/4																														140,430.63
20120409		4012012		20004401	R.I. JR. COLLEGE		10,000.00		2,340.00		12,340.00		156,000.00		10,000.00		2,340.00		—			12,340.00
20120409		4012012		20012901	MONTEREY PENINSULA JR. COLLEGE		—		1,875.00		1,875.00		125,000.00		—		1,875.00		—			1,875.00
20120409		4072012		20018701	FINLANDIA UNIVERSITY		8,927.43		5,148.09		14,075.52		1,708,123.22		8,927.43		5,148.09		—			14,075.52
System Credits 4/09																									28,290.52
System Debits 4/09																									—
Bank Credit 4/05																												99,240.00
Bank Debit 04/05 (payment reversal)																																17,218.75
Bank Debit 04/05 (funds movement adj)																																49,620.00
Trustee Wire 04/05																														32,401.25
20120423		5012012		20002801	CARNEGIE MELLON UNIVERSITY										18,000.00		3,480.00		—			21,480.00
																						—
																						—
System Credits 4/23																									21,480.00
System Debits 4/23																									—
Bank Credit 4/10																												56,581.04
Bank Debit 4/10 (funds movement adj)																																28,290.52
Trustee Wire 4/10																														28,290.52
20120430		5012012		20008301	HARCUM COLLEGE										—		3,000.00		—			3,000.00
20120430		5012012		20016601	SARAH LAWRENCE COLLEGE										26,587.08		8,692.66		—			35,279.74
20120430		0		20020001	UNIVERSITY OF ALABAMA										—		—		130,345.00			130,345.00
																						—
																						—
System Credits 4/30																									168,624.74
System Debits 4/30																									—
Bank Credit 4/24																												42,960.00
Bank Debit 4/24 (funds movement adj)																																21,480.00
Bank Debit 4/24 (service fee)																																210.17
Trustee Wire 4/24																														21,269.83
																						—
					TOTALS:		310,927.43		46,426.84		357,354.27		4,442,123.21		355,514.51		61,599.50		130,800.64			547,914.65			547,914.65			775,342.93		379,000.62		396,342.31
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
		4012012		20001301	AUGSBERG COLL		90,000.00		7,050.00		97,050.00		470,000.00
		4012012		20004001	COLL.OF ST. T		35,000.00		3,375.00		38,375.00		225,000.00
		4012012		20022701	UNIV OF VERMO		73,000.00		19,500.00		92,500.00		1,300,000.00
		4012012		20022601	UNIV.OF STEUB		27,000.00		455.63		27,455.63		27,000.00
					TOTALS:		225,000.00		30,380.63		255,380.63		2,022,000.00
					GRAND TOTAL:		535,927.43		76,807.47		612,734.90		6,464,123.21

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

April-12

Total System Credits @ 4/30		547,914.65
Total Bank Credits @ 4/30		775,342.93
	in transit
04/03/12	funds movement adjustment	(139,468.75	)
04/04/12	funds movement adjustment	(139,975.00	)
04/05/12	payment reversal	(17,218.75	)
04/05/12	funds movement adjustment	(49,620.00	)
04/10/12	payment reversal	(28,290.52	)
04/24/12	funds movement adjustment	(21,480.00	)
	Direct to Lender posting
	Direct to Lender posting
04/30/12	in transit	168,624.74
Adjusted Bank Credits:		547,914.65
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

April-12

Total Bank Credits @ 4/30		775,342.93
Total Debits to Trustee @ 4/30		379,000.62
	Service Fee	289.29
04/03/12	funds movement adjustment	139,468.75
04/04/12	funds movement adjustment	139,975.00
04/05/12	payment reversal	17,218.75
04/05/12	funds movement adjustment	49,620.00
04/10/12	payment reversal	28,290.52
04/24/12	funds movement adjustment	21,480.00
Adjusted Debits to Trustee		775,342.93
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report for May 2012

Date Received	Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Trust Wires		ACH Debits and Other Wires
20120501	5012012		20006502	FAIRLEIGH DICKINSON UNIVERSITY		2765.01		849.81		3,614.82		56,653.69		2,765.01		849.81		—			3,614.82
20120501	5012012		20013301	MORRIS COLLEGE - BONDS 1983		0		2,325.00		2,325.00		155,000.00		—		2,325.00		—			2,325.00
20120501	5012012		20016401	CALIFORNIA STATE UNIVERSITY		—		3,150.00		3,150.00		210,000.00		—		3,150.00		—			3,150.00
20120501	5012012		20016501	CALIFORNIA STATE UNIVERSITY		—		6,525.00		6,525.00		435,000.00		—		6,525.00		—			6,525.00
20120501	5012012		20019201	TEMPLE UNIVERSITY		—		1,569.38		1,569.38		93,000.00		—		1,569.38		—			1,569.38
20120501	0		20020001	UNIVERSITY OF ALABAMA										—		—		(130,345.00	)		(130,345.00	)
20120501	11012010		20020001	UNIVERSITY OF ALABAMA										—		15,540.00		—			15,540.00
20120501	5012011		20020001	UNIVERSITY OF ALABAMA										85,000.00		—		—			85,000.00
20120501	5012011		20020001	UNIVERSITY OF ALABAMA										—		15,540.00		—			15,540.00
20120501	11012011		20020001	UNIVERSITY OF ALABAMA										—		14,265.00		—			14,265.00
20120501	0		20020001	UNIVERSITY OF ALABAMA										—		—		2,900.00			2,900.00
20120501	0		20020001	UNIVERSITY OF ALABAMA										—		—		99,265.00			99,265.00
20120501	0	��	20021301	UNIVERSITY OF MONTEVALLO										—		—		8,755.20			8,755.20
20120501	5012012		20023501	McDANIEL COLLEGE		—		6,750.00		6,750.00		450,000.00		—		—		—			—
20120501	0		20023501	McDANIEL COLLEGE										450,000.00		6,750.00		—			456,750.00
System Credits 5/1																								715,199.40
System Debits 5/1																								(130,345.00	)
Bank Credit 5/1																											206,904.48
Bank Credit 5/1 (inspection fees)																															135.00
Bank Debit 5/1 (funds movement adj)																															38,279.74
Trustee Wire 5/1																													168,489.74
20120502	5012012		20001201	ATLANTIC UNION COLLEGE		4,190.58		1,799.86		5,990.44		119,990.60		4,190.58		1,799.86		—			5,990.44
20120502	0		20020001	UNIVERSITY OF ALABAMA										—		—		(99,265.00	)		(99,265.00	)
20120502	5012012		20020001	UNIVERSITY OF ALABAMA		85,000.00		14,265.00		99,265.00		951,000.00		85,000.00		14,265.00		—			99,265.00
System Credits 05/02																								105,255.44
System Debits 05/02																								(99,265.00	)
Bank Credit 05/02																											1,319,478.60
Bank Debit 05/02 (payment reversal)																															130,345.00
Bank Debit 05/02 (funds movement adj)																															604,279.20
Trustee Wire 05/02																													584,854.40
20120503	0		20020001	UNIVERSITY OF ALABAMA										—		—		(2,900.00	)		(2,900.00	)
																					—
System Credits 5/3																								—
System Debits 5/3																								(2,900.00	)
Bank Credit 5/3																											210,510.88
Bank Debit 5/3 (payment reversal)																															99,265.00
Bank Debit 5/3 (funds movement adj)																															105,255.44
Trustee Wire 5/3																													5,990.44
20120507	5072012		20018701	FINLANDIA UNIVERSITY		9,119.53		4,955.99		14,075.52		1,699,195.79		9,119.53		4,955.99		—			14,075.52
																					—
																					—
System Credits 5/07																								14,075.52
System Debits 5/07																								—
Bank Credit 5/04 (Overdraft Funding)																											2,900.00
Bank Debit 5/04 (payment reversal)																															2,900.00
Bank Debit 5/04 (funds movement adj)
Trustee Wire 5/04																													—
20120508	5012012		20023501	McDANIEL COLLEGE												—		—			—
20120508	4012012		20022701	UNIVERSITY OF VERMONT										73,000.00		19,500.00		—			92,500.00
																					—
																					—
System Credits 5/08																								92,500.00
System Debits 5/08																								—
Bank Credit 5/08																											28,151.04
Bank Debit 5/08 (funds movement adj)																															14,075.52
Bank Debit 5/08 (Overdraft repay)																															2,900.00
Trustee Wire 5/08																													11,175.52

20120514	5012012	20018901	SWARTHMORE COLLEGE	5,352.22	413.64	5,765.86	27,575.83	5,352.22	413.64	—		5,765.86
												—
												—
System Credits 05/14														5,765.86
System Debits 05/14														—
Bank Credit 05/09																—
Bank Debit 05/09 (funds movement adj)																		—
Bank Debit 5/09 (funds movement adj)																		—
Trustee Wire 05/09																	—
20120518	10012012	20013501	NEW ENGLAND COLLEGE					—	0.01	—		0.01
20120518	0	20013501	NEW ENGLAND COLLEGE					—	—	(0.01	)	(0.01	)
20120518	0	20013501	NEW ENGLAND COLLEGE					—	—	—		—
												—
												—
System Credits 5/18														0.01
System Debits 5/18														(0.01	)
Bank Credit 5/15																11,531.72
Bank Debit 5/15 (funds movement adj)																		5,765.86
Bank Debit 5/15 (service fee)
Trustee Wire 5/15																	5,765.86
20120531	6012012	20013001	MONTREAT-ANDERSON COLLEGE					2,800.00	714.00	—		3,514.00
System Credits 5/31														3,514.00
System Debits 05/31														—
Bank Credit 05/21																0.02
Bank Debit 05/21 (payment reversal)																		0.01
Bank Debit 05/21 (funds movement adj)																		0.01
Trustee Wire 05/21																	0.00
												—
			TOTALS:	106,427.34	42,603.68	149,031.02	4,197,415.91	717,227.34	108,162.69	(121,589.81	)	703,800.22		703,800.22		1,779,476.74	776,275.96	1,003,200.78
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
	5012012	20002801	CARNEGIE-MELL	18,000.00	3,480.00	21,480.00	232,000.00
	5012012	20021301	UNIV OF MONTE	10,000.00	2,160.00	12,160.00	144,000.00
	5012012	20016601	SARAH LAWRENC	26,587.08	8,692.66	35,279.74	579,510.95
	5012012	20008301	HARCUM JR COL	—	3,000.00	3,000.00	200,000.00
			TOTALS:	54,587.08	17,332.66	71,919.74	1,155,510.95
			GRAND TOTAL:	161,014.42	59,936.34	220,950.76	5,352,926.86

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

May-12

Total System Credits @ 5/31		703,800.22
Total Bank Credits @ 5/31		1,779,476.74
04/30/12	in transit	(168,624.74	)
05/01/12	funds movement adjustment	(38,279.74	)
05/02/12	funds movement adjustment	(604,279.20	)
05/02/12	Funds Reversal	(130,345.00	)
05/03/12	Funds Reversal	(99,265.00	)
05/03/12	funds movement adjustment	(105,255.44	)
05/07/12	funds movement adjustment	(2,900.00	)
05/08/12	funds movement adjustment	(14,075.52	)
05/09/12	funds movement adjustment (Funds withheld to repay OD)	(2,900.00	)
05/15/12	funds movement adjustment	(5,765.86	)
05/21/12	funds movement adjustment	(0.01	)
05/21/12	payment reversal	(0.01	)
05/08/12	Direct to Lender posting	92,500.00
05/31/12	in transit	3,514.00
Adjusted Bank Credits:		703,800.22
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

May-12

Total Bank Credits @ 05/31		1,779,476.74
Total Debits to Trustee @ 05/31		776,275.96
	Service Fee
05/01/12	Inspection Fees	135.00
05/01/12	funds movement adjustment	38,279.74
05/02/12	funds movement adjustment	604,279.20
05/02/12	Funds Reversal	130,345.00
05/03/12	Funds Reversal	99,265.00
05/03/12	funds movement adjustment	105,255.44
05/07/12	funds movement adjustment	2,900.00
05/08/12	funds movement adjustment	14,075.52
05/09/12	funds movement adjustment (Funds withheld to repay OD)	2,900.00
05/15/12	funds movement adjustment	5,765.86
05/21/12	funds movement adjustment	0.01
05/21/12	payment reversal	0.01
Adjusted Debits to Trustee		1,779,476.74
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report for December 2011

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Trust Wires		ACH Debits and Other Wires
20111201		0		20010801	LONG ISLAND UNIVERSITY										—		—		2,268.00			2,268.00
20111201		12012011		20014401	OLD DOMINION UNIVERSITY		—		5,100.00		5,100.00		339,999.99		—		5,100.00		—			5,100.00
																						—
																						—
																						—
System Credits 12/1																									7,368.00
System Debits 12/1																									—
Bank Credit 12/1
Bank Debit 12/1 (funds movement adj)
Trustee Wire 12/1
20111207		12072011		20018701	FINLANDIA UNIVERSITY		8,988.67		5,086.85		14,075.52		1,744,064.47		8,988.67		5,086.85		—			14,075.52
																						—
																						—
System Credits 12/7																									14,075.52
System Debits 12/7																									—
Bank Credit 12/2																												12,468.00
Bank Debit 12/2
Bank Debit 12/2 (funds movement adj)																																5,100.00
Trustee Wire 12/2																														7,368.00
20111215		0		20010801	LONG ISLAND UNIVERSITY										—		—		882.00			882.00
																						—
																						—
System Credits 12/15																									882.00
System Debits 12/15																									—
Bank Credit 12/8																												28,151.04
Bank Debit 12/8 (funds movement adj)																																14,075.52
Bank Debit 12/8 (service fees)																																881.16
Trustee Wire 12/8																														13,194.36
20111216		0		20010801	LONG ISLAND UNIVERSITY										—		—		(882.00	)		(882.00	)
20111216		0		20010801	LONG ISLAND UNIVERSITY										—		—		(2,268.00	)		(2,268.00	)
20111216		12012011		20010801	LONG ISLAND UNIVERSITY		—		3,150.00		3,150.00		210,000.00		—		3,150.00		—			3,150.00
System Credits 12/16																									3,150.00
System Debits 12/16																									(3,150.00	)
Bank Credit 12/16																												882.00
Bank Debit 12/16 (funds movement adj)
Bank Debit 12/16 (funds movement adj)
Trustee Wire 12/16																														882.00
																						—
																						—
																						—
System Credits 12/19																									—
System Debits 12/19																									—
Bank Credit 12/19																												6,300.00
Bank Debit 12/19 (funds movement adj)																																3,150.00
Bank Debit 12/19 (payment reversal)																																3,150.00
Trustee Wire 12/19
					TOTALS:		8,988.67		13,336.85		22,325.52		2,294,064.46		8,988.67		13,336.85		—			22,325.52			22,325.52			47,801.04		21,444.36		26,356.68
Loans Due in Current Period and Paid in Prior Period:
		12012011		20013001	MONTREAT-ANDE		2,800.00		756.00		3,556.00		50,400.00
					TOTALS:		2,800.00		756.00		3,556.00		50,400.00
Loans Due in Current Period Not Yet Paid:
		12302011		20002401	BOSTON UNIVER		18,276.92		7,575.84		25,852.76		505,056.26
					TOTALS:		18,276.92		7,575.84		25,852.76		505,056.26
					GRAND TOTAL:		30,065.59		21,668.69		51,734.28		2,849,520.72

90

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

December-11

Total System Credits @ 12/31		22,325.52
Total Bank Credits @ 12/31		47,801.04
	in transit
12/02/11	funds movement adjustment	(5,100.00	)
12/08/11	funds movement adjustment	(14,075.52	)
12/19/11	funds movement adjustment	(3,150.00	)
12/19/11	payment reversal	(3,150.00	)
	Direct to Lender posting
	Direct to Lender posting
	Direct to Lender posting
Adjusted Bank Credits:		22,325.52
		—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

December-11

Total Bank Credits @ 12/31		47,801.04
Total Debits to Trustee @ 12/31		21,444.36
12/08/11	Service Fee	881.16
12/02/11	funds movement adjustment	5,100.00
12/08/11	funds movement adjustment	14,075.52
12/19/11	funds movement adjustment	3,150.00
12/19/11	payment reversal	3,150.00
Adjusted Debits to Trustee		47,801.04
		—