8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) October 12, 2005

COLLEGE LOAN CORPORATION TRUST 2005-2
(Issuer of the Notes)

COLLEGE LOAN LLC
(Sponsor of the Issuer of the Notes)

(Exact name of Co-Registrants as specified in their charters)

Delaware
Delaware
(State or Other Jurisdiction
of Incorporation) 333-112075
333-112075-01
(Commission
File Number) 32-0005932
32-6044730
(IRS Employer
Identification No.)

16855 West Bernardo Drive, Suite 100, San Diego, CA
     (Address of Principal Executive Offices) 92127
(Zip Code)

Registrant's telephone number, including area code (858) 716-1534

        (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

           Item 8.01 Other Events.

In connection with the issuance and sale by College Loan Corporation Trust 2005-2 of Student Loan Asset-Backed Notes, Series 2005-2 (the "Notes"), Goldman, Sachs & Co., Citigroup Global Markets, Inc. (the "Underwriters") have advised the Co-Registrants that they have furnished to certain prospective purchasers of the Notes certain materials, herein referred to as "Computational Materials", in written form, which Computational Materials are in the nature of data tables relating to the terms of certain classes of Certificates.

The Computational Materials have been provided by the Underwriters. The information in the Computational Materials is preliminary and will be superseded by the Prospectus Supplement relating to the Notes and by any other information subsequently filed with the Commission.

The Computational Materials were prepared by the Underwriters at the request of certain prospective investors. The Computational Materials may be based on information that differs from the information set forth in the Prospectus Supplement.

Section 9 – Financial Statements and Exhibits

           Item 9.01 Financial Statements and Exhibits.

          (c) Exhibits.

Exhibit No.

99.1 Description

Computational Materials (as defined in Item 8.01) that have been provided by Goldman, Sachs & Co. to certain prospective purchasers of the Notes.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 12, 2005                 College Loan LLC, as Co-Registrant, by College
                 Loan Corporation as Sole Economic Member


By:           /s/ Elizabeth Wood                                  
                Name: Elizabeth Wood
                Title: CFO

Dated: October 12, 2005                 College Loan Corporation Trust 2005-2,
                as Co-Registrant, by College Loan Corporation
                 as Sole Ecomonic Member of College Loan LLC, as
                 Sponsor


By:            /s/ Elizabeth Wood                                  
                Name: Elizabeth Wood
                Title: CFO

EX-99

Exhibit 99.1

10/4/05 12:5CLCM2005-2: Pricing
Bond Balance Report

     Pd       Date         A1           A2            A3             A4           B



          0 10/18/2005  300,000,000   481,000,000  200,000,000   363,000,000    56,000,000
          1 1/15/2006   300,000,000   481,000,000  200,000,000   363,000,000    56,000,000
          2 4/15/2006   295,043,922   481,000,000  200,000,000   363,000,000    56,000,000
          3 7/15/2006   287,512,128   481,000,000  200,000,000   363,000,000    56,000,000
          4 10/15/2007  279,446,192   481,000,000  200,000,000   363,000,000    56,000,000
          5 1/15/2007   271,175,989   481,000,000  200,000,000   363,000,000    56,000,000
          6 4/15/2007   261,987,881   481,000,000  200,000,000   363,000,000    56,000,000
          7 7/15/2007   252,523,020   481,000,000  200,000,000   363,000,000    56,000,000
          8 10/15/2007  242,665,104   481,000,000  200,000,000   363,000,000    56,000,000
          9 1/15/2008   231,694,360   481,000,000  200,000,000   363,000,000    56,000,000
         10 4/15/2008   210,468,561   481,000,000  200,000,000   363,000,000    56,000,000
         11 7/15/2008   186,617,901   481,000,000  200,000,000   363,000,000    56,000,000
         12 10/15/2008  162,795,477   481,000,000  200,000,000   363,000,000    56,000,000
         13 1/15/2009   131,015,309   481,000,000  200,000,000   363,000,000    56,000,000
         14 4/15/2009    99,765,917   481,000,000  200,000,000   363,000,000    56,000,000
         15 7/15/2009    70,469,452   481,000,000  200,000,000   363,000,000    56,000,000
         16 10/15/2009            -   470,388,990  200,000,000   363,000,000    56,000,000
         17 1/15/2010             -   443,127,756  200,000,000   363,000,000    56,000,000
         18 4/15/2010             -   415,675,756  200,000,000   363,000,000    56,000,000
         19 7/15/2010             -   388,457,477  200,000,000   363,000,000    56,000,000
         20 10/15/2010            -   361,477,485  200,000,000   363,000,000    56,000,000
         21 1/15/2011             -   334,611,692  200,000,000   363,000,000    56,000,000
         22 4/15/2011             -   307,629,932  200,000,000   363,000,000    56,000,000
         23 7/15/2011             -   280,914,726  200,000,000   363,000,000    56,000,000
         24 10/15/2011            -   254,472,165  200,000,000   363,000,000    56,000,000
         25 1/15/2012             -   229,879,426  200,000,000   363,000,000    54,315,302
         26 4/15/2012             -   205,328,774  200,000,000   363,000,000    52,633,488
         27 7/15/2012             -   180,962,918  200,000,000   363,000,000    50,964,333
         28 10/15/2012            -   156,931,059  200,000,000   363,000,000    49,318,058
         29 1/15/2013             -   133,121,385  200,000,000   363,000,000    47,687,002
         30 4/15/2013             -   109,376,689  200,000,000   363,000,000    46,060,400
         31 7/15/2013             -    85,953,472  200,000,000   363,000,000    44,455,819
         32 10/15/2013            -    62,858,704  200,000,000   363,000,000    42,873,738
         33 1/15/2014             -    40,017,430  200,000,000   363,000,000    41,309,022
         34 4/15/2014             -    17,291,749  200,000,000   363,000,000    39,752,226
         35 7/15/2014             -             -  194,923,538   363,000,000    38,219,917
         36 10/15/2014            -             -  172,918,404   363,000,000    36,712,480
         37 1/15/2015             -             -  151,213,339   363,000,000    35,225,599
         38 4/15/2015             -             -  129,785,763   363,000,000    33,757,728
         39 7/15/2015             -             -  105,962,493   363,000,000    33,757,728
         40 10/15/2015            -             -   85,229,416   363,000,000    32,265,281
         41 1/15/2016             -             -   65,452,514   363,000,000    30,841,663
         42 4/15/2016             -             -   46,121,490   363,000,000    29,450,142
         43 7/15/2016             -             -   27,298,358   363,000,000    28,095,180
         44 10/15/2016            -             -    9,021,912   363,000,000    26,779,571
         45 1/15/2017             -             -            -   354,270,826    25,501,779
         46 4/15/2017             -             -            -   336,932,112    24,253,672
         47 7/15/2017             -             -            -   320,107,602    23,042,579
         48 10/15/2017            -             -            -   303,779,416    21,867,213
         49 1/15/2018             -             -            -   287,893,371    20,723,674
         50 4/15/2018             -             -            -   274,384,280    19,751,238
         51 7/15/2018             -             -            -   262,488,786    18,894,954
         52 10/15/2018            -             -            -   251,945,160    18,135,984
         53 1/15/2019             -             -            -   241,671,065    17,396,415
         54 4/15/2019             -             -            -   231,601,368    16,671,559
         55 7/15/2019             -             -            -   221,820,591    15,967,501
         56 10/15/2019            -             -            -   212,320,508    15,283,648
         57 1/15/2020             -             -            -   203,066,240    14,617,491
         58 4/15/2020             -             -            -   194,021,208    13,966,394
         59 7/15/2020             -             -            -   185,212,668    13,332,322
         60 10/15/2020            -             -            -   176,658,472    12,716,558
         61 1/15/2021             -             -            -   168,328,499    12,116,934
         62 4/15/2021             -             -            -   160,181,299    11,530,467
         63 7/15/2021             -             -            -   152,270,342    10,961,006
         64 10/15/2021            -             -            -   144,588,834    10,408,062
         65 1/15/2022             -             -            -   137,111,332     9,869,802
         66 4/15/2022             -             -            -   129,798,984     9,343,431
         67 7/15/2022             -             -            -   121,781,807     9,343,431
         68 10/15/2022            -             -            -             -             -

No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a final prospectus, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers. This material is for your private information and we are not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein. We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. We and our affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you. Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.