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): November 30, 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: December 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: December 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: 11/30/05

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

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

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

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

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

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

Principal Balance of Financed Student Loans      $1,284,150,296

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

Class Outstanding Balance

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

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

Class Weighted Average
Libor Rate      
Spread Weighted Average
Rate          
Interest Calculation

A-1
A-2
A-3
A-4
B 4.15607%
4.15607%
4.15607%
4.15607%
4.15607% 0.01000%
0.11000%
0.13000%
0.18000%
0.49000% 4.16607%
4.26607%
4.28607%
4.33607%
4.64607% $ 1,041,518
$ 1,709,983
$ 714,345
$ 1,311,661
$ 216,817

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

Servicing fees paid      $328,193

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

Fee                
Administration
Delaware Trustee
Trustee
Eligible Lender Trustee Amount Paid
$49,450
$0
$4,667
$0

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

Amount of principal and interest received      $15,111,781

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

Principal and interest payments made from the Reserve Fund
Amount of any other withdrawals from the Reserve Fund
Ending Balance of Reserve Fund $0
$0
$3,281,255

(j) the portion, if any, of the principal or interest payments made on the Notes as described in sections (a) or (b) above during November 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 November 2005;

Amounts paid to acquire Student Loans       $112,486,798

(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 November 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 November 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;

(i)
(ii)
(iii)
(iv)
(v)
(vi)
0 to 30 days delinquent
31 to 60 days delinquent
61 to 90 days delinquent
91 to 120 days delinquent
> 120 day delinquent
& claims filed
Total Number
114,326
2,870
1,339
451
477
54
119,517 Amount
1,220,882,735
35,285,634
16,626,318
5,434,570
5,148,662
772,377
1,284,150,296

(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 November 2005; and

Value of the Trust Estate                                     $1,376,059,610

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 November 2005.

(i)
(ii)
(iii)
Outstanding rejected federal reimbursement claims
Financed Student Loans in forbearance
Financed Student Loans in deferment Number
0
5,636
9,793 Percentage
0.00%
8.78%
10.97%