8-K

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UNITES STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 31, 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-Registrant as specified in its charter)

Delaware
Delaware 333-112075-01
333-112075 32-6044730
32-0005932

(State or other jurisdiction of
incorporation or organization) (Commission File Number) (I.R.S. employer identification number)

16855 W. Bernardo Drive, Suite 100, San Diego, California            92127 (Address of principal executive offices)                                           (Zip Code)

Registrant's telephone number, including area code (888) 972-6311
Not Applicable (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))

Item 8.01 Other Events.

See the monthly statement attached as Exhibit 20.1 hereto distributed to Holders of College Loan Corporation Trust 2005-2, Student Loan Asset-Backed Notes, Series 2005-2.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

20.1. Monthly statement distributed to holders of College Loan Corporation Trust 2005-2 Student Loan Asset-Backed Notes, Series 2005-2.

SIGNATURES

           Pursuant to the requirements of the Securities Exchange Act of 1934, each of the Co-Registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.

COLLEGE LOAN CORPORATION TRUST 2005-2
COLLEGE LOAN CORPORATION
(Co-Registrants)

Dated: November 15, 2005 College Loan LLC, as Co-Registrant by College Loan
Corporation, as Sole Economic Member

By:/s/ Elizabeth Wood                                                                
      Name: Elizabeth Wood
      Title: Chief Financial Officer

Dated: November 15, 2005 College Loan Corporation Trust 2005-2, as Co-Registrant,
by College Loan Corporation as Sole Economic
Member of College Loan LLC, as Sponsor

By: /s/ Elizabeth Wood                                                                  
      Name: Elizabeth Wood
      Title: Chief Financial Officer

EXHIBIT INDEX

Exhibit Number

20.1 Description

Monthly statement distributed to holders of College Loan Corporation Trust 2005-2 Student Loan Asset-Backed Notes, Series 2005-2.

EX-20

Exhibit 20.1

College Loan Corporation Trust 2005-2
Statement to Note Holders
As of and for the period ended: 10/31/05

Pursuant to section 4.15(c) of the Trust Indenture, the following is provided to the trustee by the issuer. The information shown below has not been independently verified, however it is believed to be accurate to the best of the issuer’s knowledge.

(a) the amount of principal paid on each series of Notes during October 2005;

                    Class      Principal Paid
                    -----      --------------
                    A-1              $0
                    A-2              $0
                    A-3              $0
                    A-4              $0
                     B               $0

(b) the amount of interest paid on each series of Notes during October 2005;

                    Class     Interest Paid
                    -----     -------------
                    A-1            $0
                    A-2            $0
                    A-3            $0
                    A-4            $0
                     B             $0

(c) the principal balance of Financed Student Loans as of the close of business on the last day of October 2005;

Principal Balance of Financed Student Loans     $1,186,797,346

(d) the aggregate outstanding principal amount of each series of the Notes as of the close of business on the last day of October 2005, after giving effect to principal payments reported under paragraph (a) above;

                    Class       Outstanding Balance
                    -----       -------------------
                    A-1          $300,000,000
                    A-2          $481,000,000
                    A-3          $200,000,000
                    A-4          $363,000,000
                    B            $56,000,000

(e) the interest rate for all outstanding and unpaid series of Notes for October 2005, indicating how such interest rate is calculated;

                     Weighted Average             Weighted Average
                     ----------------             -----------------
          Class        Libor Rate      Spread         Rate           Interest Calculation
          -----        ----------      ------         ----           ---------------------
          A-1            4.15607%     0.01000%      4.16607%                    $479,383
          A-2            4.15607%     0.11000%      4.26607%                    $787,061
          A-3            4.15607%     0.13000%      4.28607%                    $328,794
          A-4            4.15607%     0.18000%      4.33607%                    $603,724
          B              4.15607%     0.49000%      4.64607%                     $99,795

(f) the amount of servicing fees paid to the Servicers during October 2005;

Servicing fees paid     $0

(g) the amount of fees paid to the Issuer Administrator, Delaware Trustee, the Indenture Trustee and the Eligible Lender Trustee during October 2005;

                               Fee                   Amount Paid
                               ---                   -----------
                                Administration                $0
                              Delaware Trustee                $0
                                       Trustee                $0
                       Eligible Lender Trustee                $0

(h) the amount of principal and interest received on Financed Student Loans during October 2005;

Amount of principal and interest received     $5,209,527

(i) the portion, if any, of the principal or interest payments made on the Notes as described in sections (a) or (b) above during October 2005 from amounts on deposit in the Reserve Fund, the amount of any other withdrawals from the Reserve Fund during October 2005 and the balance of the Reserve Fund as of the close of business on the last day of October 2005;

           Principal and interest payments made from the Reserve Fund               $0
           Amount of any other withdrawals from the Reserve Fund                    $0
           Ending Balance of Reserve Fund                                   $3,286,471

(j) the portion, if any, of the principal or interest payments made on the Notes as described in sections (a) or (b) above during October 2005 from amounts on deposit in the Acquisition Fund;

Principal and interest payments made from the Acquisition Fund     $0

(k) the aggregate amount, if any, paid by the Trustee to acquire Student Loans from amounts on deposit in the Acquisition Fund during October 2005;

Amounts paid to acquire Student Loans     $1,222,709,673

(l) the amount remaining in the Acquisition Fund that has not been used to acquire Student Loans and is being transferred to the Collection Fund;

Amounts in Acquisition fund to be transferred to the Collection Fund     $0

(m) the aggregate amount, if any, received by the Trust for Financed Student Loans sold during October 2005;

Amounts received for Financed Student Loans sold     $0

(n) the number and principal amount of Financed Student Loans, as of the close of business on the last day of October 2005, that are (i) 0 to 30 days delinquent, (ii) 31 to 60 days delinquent, (iii) 61 to 90 days delinquent, (iv) 91 to 120 days delinquent, (v) greater than 120 days delinquent and (vi) for which claims have been filed with the appropriate Guarantee Agency and which are awaiting payment;

                                                       Number            Amount
                                                       ------            ------
                (i)  0 to 30 days delinquent              110,967        1,139,233,888
               (ii)  31 to 60 days delinquent               2,263           31,413,083
              (iii)  61 to 90 days delinquent                 667            9,155,066
               (iv)  91 to 120 days delinquent                337            3,753,164
                (v)  > 120 day delinquent                     254            2,735,598
               (vi)  & claims filed                            48              506,547
                                                               --              -------
                     Total                                114,536        1,186,797,346

(o) the Value of the Trust Estate and the Outstanding principal amount of the Notes as of the close of business on the last day of October 2005; and

         Value of the Trust Estate                   $1,373,293,657

         Outstanding Principal amount of the Notes   $1,400,000,000

(p) the number and percentage by dollar amount of (i) rejected federal reimbursement claims for Financed Student Loans, (ii) Financed Student Loans in forbearance, and (iii) Financed Student Loans in deferment as of the close of business on the last day of October 2005.

                                                                         Number      Percentage
                                                                         ------      ----------
           (i)       Outstanding rejected federal reimbursement claims        0          0.00%
           (ii)      Financed Student Loans in forbearance                4,550          7.49%
           (iii)     Financed Student Loans in deferment                  7,893          9.37%