N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-05506

College and University Facility Loan Trust Two

(Exact name of registrant as specified in charter)

c/o U.S. Bank One Federal Street Boston, MA 02110

(Address of principal executive offices) (Zip code)

Laura S Cawley

U.S. Bank Corporate Trust Services

One Federal Street

Boston, MA 02110

(Name and address of agent for service)

Registrant’s telephone number, including area code: (617) 603-6452

Date of fiscal year end: November 30

Date of reporting period: December 1, 2012 – November 30, 2013

College and University Facility Loan Trust Two

Financial Statements

As of and for the Year Ended

November 30, 2013

College and University Facility Loan Trust Two

Contents

Report of Independent Registered Public Accounting Firm	3
Financial statements:
Statement of Assets and Liabilities	4
Statement of Operations	5
Statements of Changes in Net Assets	6
Statement of Cash Flows	7
Financial Highlights	8
Notes to Financial Statements	9-18
Schedule of Investments	19

2

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To U.S. Bank National Association, Owner Trustee, The Bank of New York Mellon Trust Company, N.A., Bond Trustee, and the Certificateholders of College and University Facility Loan Trust Two:

We have audited the accompanying statement of assets and liabilities of College and University Facility Loan Trust Two (the “Trust”), including the schedule of investments as of November 30, 2013, and the related statements of operations and cash flows for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of November 30, 2013, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

As described in Note 2 to the financial statements, the Trust accounts for its investments under the amortized cost method of accounting, net of any allowance for loan losses. Accounting principles generally accepted in the United States of America require investments be accounted for under the fair value method of accounting and that the financial statements include the disclosures required under Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures. Accounting for the investments under the fair value method of accounting, based on management’s estimate of fair value as described in Note 8, would result in an increase of approximately $4,084,000 in the amount reported for investments as of November 30, 2013 in the statement of assets and liabilities, and would result in a decrease in the reported net assets resulting from operations of approximately $(1,889,000) and $(982,000) for the years ended November 30, 2013 and November 30, 2012, respectively, and would also impact the financial highlights presented.

In our opinion, except for the effect on the 2013 and 2012 financial statements and financial highlights of accounting for investments under the amortized cost method of accounting, as discussed in the preceding paragraph, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of College and University Facility Loan Trust Two as of November 30, 2013, the results of its operations and its cash flows for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

DELOITTE & TOUCHE LLP

Boston, Massachusetts

January 27, 2014

3

College and University Facility Loan Trust Two

Statement of Assets and Liabilities

November 30,	2013
Assets:
Investments, at amortized cost, net of allowance for loan losses of $136,000 (Notes 2, 6, 7, and 8)	$	17,942,188
Cash		50,000
Interest Receivable		157,487
Deferred Bond Issuance Costs (Note 2)		18,679
Total Assets		18,168,354
Liabilities:
Bonds Payable, net of unamortized discount (Notes 3 and 8)		10,756,055
Bonds Interest Payable (Note 3)		244,831
Accrued Expenses and Other Liabilities		230,987
Distributions Payable to Class B Certificateholders (Note 5)		746,253
Total Liabilities		11,978,126
Net Assets:
Class B Certificates, par value $1; authorized, issued and outstanding – 1,763,800 certificates		1,763,800
Additional Paid-In Capital		4,239,399
Undistributed Net Investment Income		187,029
Net Assets	$	6,190,228
Net Asset Value per Class B Certificate (based on 1,763,800 certificates outstanding)	$	3.51

The accompanying notes are an integral part of these financial statements.

4

College and University Facility Loan Trust Two

Statement of Operations

Year ended November 30,	2013
Investment Income:
Interest income (Note 2)	$	2,150,054
Expenses:
Interest expense (Note 3)		1,214,760
Professional fees		502,786
Trustee fees (Note 4)		32,272
Servicer fees (Note 4)		18,465
Other trust and bond administration expenses		10,905
Total Expenses		1,779,188
Net Investment Income		370,866
Decrease in Allowance for Loan Losses (Note 6)		64,000
Net Increase in Net Assets Resulting From Operations	$	434,866

The accompanying notes are an integral part of these financial statements.

5

College and University Facility Loan Trust Two

Statements of Changes in Net Assets

Year ended November 30,	2013			2012
Increase From Operations:
Net investment income	$	370,866		$	859,102
Decrease in allowance for loan losses		64,000			167,000
Net increase in net assets resulting from operations		434,866			1,026,102
Distributions to Class B Certificateholders From:
Tax return of capital (Note 2)		(1,430,001	)		(1,483,531	)
Net Decrease in Net Assets		(995,135	)		(457,429	)
Net Assets:
Beginning of year		7,185,363			7,642,792
End of year	$	6,190,228		$	7,185,363

The accompanying notes are an integral part of these financial statements.

6

College and University Facility Loan Trust Two

Statement of Cash Flows

Year ended November 30,	2013
Cash Flows From Operating Activities:
Reconciliation of net increase in net assets resulting from operations to net cash provided by operating activities:
Net increase in net assets resulting from operations	$	434,866
Accretion of purchase discount on Loans		(1,321,867	)
Amortization of original issue discount on Bonds		680,895
Amortization of deferred bond issuance costs		8,046
Decrease in allowance for loan losses		(64,000	)
Receipts of payments on loan principal balance		5,661,647
Decrease in investment agreements, net		2,265,202
Decrease in interest receivable		63,265
Decrease in bonds interest payable		(117,582	)
Decrease in accrued expenses and other liabilities		(80,411	)
Net cash provided by operating activities		7,530,061
Cash Flows From Financing Activities:
Principal payments on Bonds		(5,879,054	)
Distribution payments to Class B certificateholders		(1,728,492	)
Net cash used in financing activities		(7,607,546	)
Net Decrease in Cash		(77,485	)
Cash, beginning of year		127,485
Cash, end of year	$	50,000
Supplemental Cash Flow Information:
Cash paid for interest on Bonds	$	643,401

The accompanying notes are an integral part of these financial statements.

7

College and University Facility Loan Trust Two

Financial Highlights

Per Certificate Operating Performance Information:

Years ended November 30,	2013			2012			2011			2010			2009
Net asset value, beginning of year	$	4.07		$	4.33		$	5.14		$	4.70		$	4.88
Income from investment operations:
Net investment income		.21			.49			.39			.53			.34
Decrease in allowance for loan losses		.04			.09			.02			.16			.09
Net increase from operations		.25			.58			.41			.69			.43
Distributions to Class B certificateholders from tax return of capital		(.81	)		(.84	)		(1.22	)		(.25	)		(.61	)
Net asset value, end of year(c)	$	3.51		$	4.07		$	4.33		$	5.14		$	4.70
Total investment return(a)		N/A			N/A			N/A			N/A			N/A
Net assets applicable to Class B Certificates, End of year	$	6,190,228		$	7,185,363		$	7,642,792		$	9,070,470		$	8,281,770
Ratios and Supplemental Data:
Ratio of operating expenses to average net assets applicable to Class B Certificates		26.60	%(b)		29.22	%(b)		31.42	%(b)		36.25	%(b)		43.60	%(b)
Ratio of net investment income to average net assets applicable to Class B Certificates		5.55	%		11.59	%		8.37	%		10.96	%		7.12	%
Number of Class B Certificates outstanding, end of year		1,763,800			1,763,800			1,763,800			1,763,800			1,763,800

(a) The Trust’s investments are recorded at amortized cost as discussed in Note 2. Accordingly, the financial statements do not reflect the fair value of such investments. For this reason, management believes that no meaningful information can be provided regarding “Total investment return” and has not included information under that heading. The Trust is prohibited, by the terms of its Indenture, from selling or purchasing any investments. As the Trust did not purchase or sell investments during the periods presented, “portfolio turnover” is 0% for all periods presented.

(b) Excluding interest expense, the ratio of operating expenses to average net assets was 8.44%, 6.82%, 5.30%, 5.07% and 5.72% in 2013, 2012, 2011, 2010 and 2009, respectively.

(c) The Trust is prohibited, by the terms of its Indenture, from issuing new, or redeeming existing, Certificates. As such, market value is not presented, as discussed in Note 2.

The accompanying notes are an integral part of these financial statements.

8

College and University Facility Loan Trust Two

Notes to Financial Statements

1. Organization and Business

College and University Facility Loan Trust Two (the Trust) was formed on March 11, 1988 as a business trust under the laws of the Commonwealth of Massachusetts by a declaration of trust by Bank of Boston (the Owner Trustee), succeeded by State Street Bank and Trust Company, succeeded by U.S. Bank National Association (successor Owner Trustee), not in its individual capacity, but solely as Owner Trustee. The Trust is registered under the Investment Company Act of 1940, as amended, (the 1940 Act) as a diversified, closed-end, management investment company.

The Trust was formed for the sole purpose of raising funds through the issuance and sale of bonds (the Bonds). The Trust commenced operations on May 12, 1988 (the Closing Date) and issued Bonds in four tranches in the aggregate principal amount (at maturity) of $450,922,000. The Bonds constitute full recourse obligations of the Trust. The collateral securing the Bonds consists primarily of a pool of loans made to college and university facilities (the Loans) and certain other funds held under the Indenture (the Indenture) and the investment agreements. The Loans were originated by, or previously assigned to, the United States Department of Education under the College Housing Loan Program or the Academic Facilities Loan Program. The Loans, which have been assigned to The Bank of New York Mellon Trust Company, National Association, as successor in interest to J.P. Morgan Trust Company, National Association, as successor in interest to Bank One Trust Company, NA, formerly The First National Bank of Chicago (the Bond Trustee), are secured by various types of collateral, including mortgages on real estate, general recourse obligations of the borrowers, pledges of securities and pledges of revenues. As of the Closing Date, the Loans had a weighted average stated interest rate of approximately 3.18% and a weighted average remaining term to maturity of approximately 18.8 years. Payments on the Loans are managed by the Bond Trustee in various fund accounts and are invested under investment agreements (see Note 2) as specified in the Indenture. The Trust is prohibited, by the terms of its Indenture, from selling or purchasing any Loans and investments.

All payments on the Loans and earnings under the investment agreements and any required transfers from the Expense Fund and Liquidity Fund are deposited to the credit of the Revenue Fund held by the Bond Trustee, as defined within and in accordance with the Indenture. In accordance with the Indenture, on each bond payment date, the amounts on deposit in the Revenue Fund, are applied in the following order of priority: to pay amounts due on the Bonds, to pay administrative expenses not previously paid from the Expense Fund, to fund the Expense Fund to the Expense Fund Requirement and to fund the Liquidity Fund to the Liquidity Fund Requirement. Any funds remaining in the Revenue Fund on such payment date will be used to further pay down the Bonds to the extent of the Maximum Principal Distribution Amount, as defined in the Indenture, after which any residual amounts are paid to the certificateholders, as discussed in Note 5. See Note 8 for balances in the Revenue and Liquidity Funds.

Berkadia Commercial Mortgage LLC (“Servicer” or “Berkadia”) is the administrator for the Loan portfolio. Berkadia serves as the Master Servicer and Special Servicer under the Master Servicing and Special Service Agreements. Berkadia handles the custodial bank accounts and performs the loan recordkeeping and monitoring.

9

College and University Facility Loan Trust Two

Notes to Financial Statements

2. Summary of Significant Accounting Policies

(a) College and University Facility Loans

The Loans were purchased by the Trust at amounts below the par value of the Loans, i.e. “purchase discount”.

As a 1940 Act investment company, the Trust is required, to report the investment portfolio of Loans at fair value under Accounting Standard Codification (“ASC”) Topic 946, Financial Services—Investment Companies, (“ASC 946”). However, management believes that the amortized cost method of accounting, net of any allowance for loan losses, best serves the informational needs of the users of the Trust’s financial statements.

Pursuant to a “no-action letter” that the Trust received from the Securities and Exchange Commission, the Loans were recorded at the discounted value (the amortized cost) and are being accounted for under the amortized cost method of accounting, net of any allowance for loan losses. Under the amortized cost method, the difference between the purchase discount and par value of each Loan is accreted to par value, assuming no prepayments of principal, and included in the Trust’s interest income by applying the Loan’s effective interest rate to the amortized cost of that Loan over the duration of the Loan. Upon a Loan prepayment, any remaining unamortized purchase discount is recognized as interest income. The remaining balance of the unamortized purchase discount on the Loans as of November 30, 2013 was approximately $3,366,614. For the year ended November 30, 2013, the Trust recognized approximately $1,321,867 of interest income from the accretion of purchase discount. As a result of prepayments of Loans during the year ended November 30, 2013, approximately $266,000 from the remaining unamortized purchase discount on such Loans at the time of prepayment is included in the $1,321,867 of accretion for the year ended November 30, 2013.

The Trust records an allowance for loan losses based on the Trust’s evaluation of collectability of the Loans within the portfolio. The Loans are classified into three separate pools based on risk and collection performance. The pools are then assigned a reserve percentage based on risk and other factors and a reserve is systematically calculated for the pools:

(1) General – Loans are performing on a timely basis and where there is no information that leads the Trust to reclassify to a different risk pool.

(2) Substandard – Loans are generally classified into this category resulting from either historical collection issues or administrative issues with receiving collection that have been on-going. Loans in this pool are not considered uncollectible but due to collection issues, a higher reserve percentage is applied due to the risk profile of this pool.

(3) Doubtful – A Loan is considered doubtful when, based on current information and events, it is probable that the Trust will be unable to collect all amounts due in accordance with the contractual terms of the Loan agreement. Loans in this category are generally assigned a 100% reserve unless facts and circumstances provide evidence that some level of collectability exists. At November 30, 2013, no loans were deemed doubtful by the Trust.

As the credit quality for an individual Loan borrower changes, the Loan is evaluated for reclassification to a different risk pool as described above. Risk ratings to the existing pools may be adjusted based on qualitative factors including, among others, general economic and business

10

College and University Facility Loan Trust Two

Notes to Financial Statements

conditions, credit quality trends, and specific industry conditions. Berkadia, as part of its loan portfolio administration responsibilities, monitors credit quality primarily through two trigger points: receipt of financial information that upon review raises credit quality concerns and delinquent payments which then require investigation as to causes of the delinquency. Historically, write-offs have not been material.

There are inherent uncertainties with respect to the final outcome of Loans and as such, actual losses may differ from the amounts reflected in the financial statements and such differences could be material.

(b) Interest Income

The Trust accrues interest, including accretion of purchase discount, on the Loans as earned. The Loans generally require interest payments on a semi-annual basis with rates of interest ranging from 3% to 4%. The Trust recognizes the accretion of Loan purchase discount as interest income on the effective interest method.

The Trust views all amounts over 30 days past due as delinquent. It is the Trust’s policy to generally discontinue the accrual of interest on Loans for which payment of principal or interest is 180 days or more past due or for other such Loans if management believes the collection of interest and principal is doubtful. Due to the nature of the Loan investments in the Trust, there are instances where payment of the Loans and related interest may not be received by the Trust due to documentation issues that require time for the Trust to resolve. In those circumstances, where the past due loan is greater than 180 days but the Trust has concluded it is not a credit issue, the Trust will continue to accrue interest or accrete purchase discount if the Trust believes interest and principal amounts to be collectible. When a Loan is placed on nonaccrual status, all previously accrued, but uncollected interest is reversed against the current period’s interest income. Subsequently, any interest income received from a Loan that is on a nonaccrual status is recognized when received and such payments are generally applied to interest first, with the balance, if any, applied to principal. At November 30, 2013, no Loans have been placed on nonaccrual status. The Trust is currently accruing interest on all delinquent loans. At November 30, 2013, principal amounts past due are approximately $28,000 and of this amount approximately $27,000 is past due more than 90 days.

(c) Other Investments

Other investments, which are included in investments in the accompanying Statement of Assets and Liabilities, consist of two investment agreements issued by JP Morgan Chase Bank bearing fixed rates of interest of 7.05% and 7.75%. These investments are carried at cost, whereas they should be reported at fair value under ASC 946. However, management believes that the cost method of accounting best serves the informational needs of the users of the Trust’s financial statements because the Trust cannot sell or dispose of these investment agreements prior to the date they terminate, which is the earlier of July 1, 2018, or the date on which the Bonds are paid-in-full. See Note 8 for discussion of fair value measurement of these investments.

(d) Deferred Bond Issuance Costs

Deferred bond issuance costs are amortized using the effective interest rate method over the estimated life of the Bonds, which are based on the scheduled payments of the Loans, and are included as a component of interest expense. Loan prepayments have the effect of accelerating Bond payments. As these accelerated Bond payments occur, an additional portion of the deferred issuance costs is expensed in the year the prepayment occurs.

11

College and University Facility Loan Trust Two

Notes to Financial Statements

(e) Federal Income Taxes

It is the Trust’s policy to comply with the requirements applicable to a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended, and to distribute substantially all of its investment company taxable income to its certificateholders each year. Accordingly, no provision for federal income, state income, or excise tax is necessary.

For tax purposes, the Loans were transferred to the Trust at their face values. Accordingly, the accretion of the purchase discount creates a permanent book-tax difference.

As of November 30, 2013, the Trust had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. The Trust is additionally not aware of any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will change in the next 12 months.

The Trust files a U.S. federal and Massachusetts state income tax return annually after its fiscal year-end, which is subject to examination for a period of three years from the date of filing.

Capital distributions are presented and disclosed in accordance with ASC 946, which requires the Trust to report distributions that are in excess of tax-basis earnings and profits as a tax return of capital and to present the Trust’s distributable earnings (components of net assets) on a basis that approximate the amounts that are available for future distributions on a tax basis. Distributions of $0.39 and $0.42 per certificate were declared on May 30, 2013 and November 27, 2013 and paid to certificateholders of record on June 3, 2013 and December 2, 2013, respectively. The distributions of $1,430,001 and $1,483,531 for the years ended November 30, 2013 and 2012, respectively, are returns of capital for tax purposes.

The Trust’s primary permanent differences between accounting principles generally accepted in the United States of America (“GAAP”) and tax basis are related to:

(a) The accretion of the Loan purchase discounts under GAAP. For the years ended November 30, 2013 and 2012, the Trust recorded $1,321,867 and $1,969,368, respectively of interest income related to the accretion of purchase discounts. At November 30, 2013, the Trust had accumulated accretion of the purchase discounts of $215,333,177.

(b) Net operating losses for tax purposes of $1,235,106 for the year ended November 30, 2013.

As required under ASC 946, the Trust reclassifies the accumulated value of the permanent differences discussed above from distributions in excess of net investment income to paid-in capital. The total reclassification increased additional paid-in capital and reduced undistributed net investment income by $47,837 as of November 30, 2013. This reclassification has no impact on the net assets or net assets per certificate value of the Trust.

The primary reasons for the book-to-tax temporary difference relate to allowance for loan losses and the difference in original issuance discount on bonds.

12

College and University Facility Loan Trust Two

Notes to Financial Statements

(f) Use of Estimates

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. Actual results could differ from those estimates.

(g) Statement of Cash Flows

The cash amount shown in the Statement of Cash Flows of the Trust is the amount included in the Trust’s Statement of Assets and Liabilities and represents the cash at the bank and does not include any short-term investments.

(h) Risk Factors

The Trust’s investments are subject to the following:

Credit Risk

The Trust is subject to credit risk from its counterparties to any of its investments if the counterparties fail to perform pursuant to the terms of their agreements with the Trust.

The Trust’s investment agreements are held in escrow by the Bond Trustee. The Bond Trustee has custody of the Trust’s investment agreements. The Trust is subject to counterparty risk to the extent that the Bond Trustee may be unable to fulfill its obligations to the Trust.

Loan payments made to the Trust are received and processed by the Servicer. The Trust is subject to counterparty risk to the extent that the borrowers and the Servicer may be unable to fulfill their obligations to the Trust.

Prepayment Risk

Most of the Loans held by the Trust allow for prepayment of principal without penalty. As such, the Trust is subject to prepayment risk, which could negatively impact future earnings.

(i) Indemnification

Under the Trust’s organizational documents, its Owner Trustee and Bond Trustee may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Trust, and certificateholders are indemnified against personal liability for the obligations of the Trust. Additionally, in the normal course of business, the Trust may enter into agreements with service providers that may contain indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred.

13

College and University Facility Loan Trust Two

Notes to Financial Statements

3. Bonds

The Bonds outstanding at November 30, 2013 consist of the following:

Interest Rate	Stated Maturity	Outstanding Principal (000’s)	Unamortized Discount (000’s)	Carrying Amount (000’s)
4.0%	June 1, 2018	$12,242	$(1,486)	$10,756

Interest on the Bonds is payable semi-annually. On December 2, 2013, the Trust made a principal payment of $2,488,144 on the Bonds. The average amount of bond principal outstanding for the year ended November 30, 2013 was approximately $13,145,497.

Pursuant to the terms of the Indenture, principal payments on the Bonds are made prior to the stated maturity on each bond payment date in an amount equal to the lesser of either (1) amounts available in the Revenue Fund after certain required payments of interest and principal (at the stated maturity of the Bonds) and administrative expenses, after required transfers to the Expense Fund and the Liquidity Fund (such that the amounts on deposit are equal to the Expense Fund Requirement and the Liquidity Fund Requirement, respectively), or (2) the Maximum Principal Distribution Amount.

The estimated remaining aggregate principal payments on the Bonds at November 30, 2013, after taking into consideration actual Loan prepayments and the Maximum Principal Distribution Amount, are as follows:

Fiscal Year	Amount (000’s)
2014	$	3,683
2015		2,504
2016		2,152
2017		2,063
2018		1,840
Thereafter		—
Total	$	12,242

Actual Bond principal payments may differ from estimated payments because borrowers may prepay or default on their obligations. The Bonds are not subject to optional redemption by either the Trust or the bondholders.

In the event the Trust realizes negative cash flows, the Liquidity Fund was established and is being maintained such that, on or before such bond payment date, the Liquidity Fund may be used by the Bond Trustee to make any required payments on the Bonds and to pay operating expenses of the Trust. See Note 8 for balance in the Liquidity Fund.

14

College and University Facility Loan Trust Two

Notes to Financial Statements

The original issue discount is being amortized using the effective interest rate method over the estimated life of the Bonds, which are based on the scheduled payments of the Loans. Accordingly, Loan prepayments have the effect of accelerating Bond payments. When Bond payments occur sooner than estimated, a portion of the original issue discount is expensed in the year of prepayment. Amortization of original issue discount is included as a component of interest expense. Remaining unamortized discount as of November 30, 2013 was $1,485,516.

4. Administrative Agreements

(a) Servicer

As compensation for the services provided under the servicing agreement, Berkadia, receives a servicing fee. The fee is earned on each date of payment for each Loan and is equal to 0.075 of 1% of the outstanding principal balance of such Loans divided by the number of payments of principal and interest in a calendar year. For the year ended November 30, 2013, this fee totaled $16,583. Additionally, per the servicing agreement, the Servicer is reimbursed for certain expenditures incurred related to inspection of mortgaged property. For the year ended November 30, 2013, the Servicer was reimbursed $1,882. As of November 30, 2013, $3,853 in fees are due to the Servicer.

(b) Trustees

As compensation for services provided, the Owner and Bond Trustees are entitled, under the Declaration of Trust and the Indenture, to receive the following fees:

Under the Declaration of Trust agreement, the Owner Trustee, in its capacities as manager of the Trust and as Owner Trustee, is entitled to annual fees of $15,000 and $12,500, respectively. In addition, the Owner Trustee is paid an annual registration fee of $1,000. The expected future minimum payments to the Owner Trustee under such agreement will be $28,500 in fiscal years 2014, 2015, 2016, 2017 and 2018, and will total $142,500 thereafter. For the year ended November 30, 2013, the Owner Trustee incurred no out-of-pocket expenses.

The Bond Trustee is entitled to an annual fee equal to 0.015 of 1% of the aggregate outstanding principal of the Bonds on the bond payment date immediately preceding the date of payment of such fee. The Bond Trustee is also reimbursed for out-of-pocket expenses. In addition, the Bond Trustee is reimbursed for other agreed-upon related expenses such as transaction costs. For the year ended November 30, 2013, total Bond Trustee fees and related expenses amounted to $3,772.

5. Certificates

The holders of the Class B certificates may receive semi-annual distributions declared in May and November of each year, calculated in accordance with the Indenture, from amounts collected by the Trust, on a pro rata basis. While the Bonds remain outstanding, the distributions are paid on the second business day in each June and December and, after the Bonds are paid in full, on the first business day of each month. The certificate holders of the Class B Certificates are entitled to one vote per certificate. At November 30, 2013, the distributions declared on November 27, 2013 of $746,253, which was paid on December 2, 2013, was recorded as distributions payable.

15

College and University Facility Loan Trust Two

Notes to Financial Statements

6. Allowance for Loan Losses

An analysis of the allowance for loan losses for the year ended November 30, 2013 is summarized as follows:

Balance, beginning of year	$	200,000
Decrease in allowance for loan losses		(64,000	)
Charge-offs		—
Recoveries		—
Balance, end of year	$	136,000

Loan classification by credit risk profile as of November 30, 2013 is as follows:

	Amortized Cost (000’s)		Reserve Amount (000’s)			Total (000’s)
General	$	13,593	$	(136	)	$	13,457
Substandard		—		—			—
Doubtful		—		—			—
Total	$	13,593	$	(136	)	$	13,457

7. Loans

Scheduled principal and interest payments on the Loans as of November 30, 2013 are as follows:

Fiscal Year	Principal Payments (000’s)		Interest Payments (000’s)		Total (000’s)
2014	$	3,287	$	519	$	3,806
2015		2,611		421		3,032
2016		2,563		340		2,903
2017		2,209		261		2,470
2018		1,954		191		2,145
Thereafter		4,336		260		4,596
Total	$	16,960	$	1,992	$	18,952

Expected payments may differ from contractual payments because borrowers may prepay or default on their obligations. Accordingly, actual principal and interest payments on the Loans may vary significantly from the scheduled payments. Prepayments made during the year ended November 30, 2013 totaled $1,528,651.

16

College and University Facility Loan Trust Two

Notes to Financial Statements

The ability of a borrower to meet future service payments on a Loan will depend on a number of factors relevant to the financial condition of such borrower, including, among others, the size and diversity of the borrower’s sources of revenues; enrollment trends; reputation; management expertise; the availability and restrictions on the use of endowments and other funds; the quality and maintenance costs of the borrower’s facilities and, in the case of some Loans to public institutions, which are obligations of a State, the financial condition of the relevant State or other governmental entity and its policies with respect to education. The ability of a borrower to maintain enrollment levels will depend on such factors as tuition costs, geographical location, geographic diversity, quality of the student body, quality of the faculty and diversity of program offerings.

The Trust’s aging of outstanding principal amounts as of November 30, 2013 is as follows (in thousands):

	Delinquent
Current	30-59 Days Delinquent		60-89 Days Delinquent		Greater Than 90 Days Delinquent		Total Delinquent		Total
$16,932	$	—	$	1	$	27	$	28	$	16,960

The collateral for Loans that are secured by a mortgage on real estate generally consists of special purpose facilities, such as dormitories, dining halls and gymnasiums, which are integral components of the overall educational setting. As a result, in the event of borrower default on a Loan, the Trust’s ability to realize the outstanding balance of the Loan through the sale of the underlying collateral may be negatively impacted by the purpose, nature and location of such collateral.

8. Fair Value of Financial Instruments

ASC Topic 825, Financial Instruments requires entities to disclose the estimated fair value of financial instruments, where they are accounted for on a basis other than fair value. 

ASC Topic 820, Fair Value Measurement, establishes fair valuation principles and a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability based on market data obtained from sources independent of the Trust. Unobservable inputs are inputs that reflect the Trust’s assumptions about the factors market participants would use in valuing the asset or liability based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of inputs as follows:

Level 1	-	Valuations based on quoted prices in active markets for identical assets or liabilities.
Level 2	-	Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3	-	Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Current market prices are not available for most of the Trust’s financial instruments since an active market generally does not exist for such instruments. In accordance with the terms of the Indenture, the Trust is required to hold all of the Loans to maturity and to use the cash flows

17

College and University Facility Loan Trust Two

Notes to Financial Statements

therefrom to retire the Bonds. Accordingly, the Trust has estimated the fair values of its Loans and Bonds using a discounted cash flow methodology. This methodology is similar to the approach used at the formation of the Trust to determine the carrying amounts of these instruments for financial reporting purposes. In applying the methodology, the calculations have been adjusted for the change in the relevant market rates of interest, the estimated duration of the instruments and an internally developed credit risk rating of the instruments. All calculations are based on the scheduled principal and interest payments on the Loans and Bonds, excluding any potential prepayments as it is not possible to estimate such prepayments.

The fair values of the fixed-maturity investment agreements are determined by adding a market rate adjustment to the carrying value of the investments. This market rate adjustment is calculated using the net present value of the difference between future interest income to the Trust at the issue rate and the future interest income at the current market rate through the maturity of the investment. The current market rate at November 30, 2013, is based upon bonds with similar characteristics and maturity dates of the investment agreements.

The following table summarizes the estimated fair value and carrying value of the Trust’s assets and liabilities that represent financial instruments, which all are deemed to be Level 2 fair value measurements as of November 30, 2013:

	Carrying Value (000’s)			Fair Value (000’s)
Loans	$	13,457	*	$	17,270
Investment Agreements:
Revenue Fund		3,969			4,144
Liquidity Fund		516			612
Total Investment Agreements		4,485			4,756
Total Investments	$	17,942		$	22,026
Bonds Payable	$	10,756		$	12,998

* Net of allowance for loan losses of $136,000.

There were no transfers between levels during the year ended November 30, 2013. The Trust’s policy is to recognize transfers in and transfers out as of the beginning of the year.

9. Subsequent Events

The Trust has evaluated the need for disclosures and/or adjustments to the financial statements resulting from subsequent events through the date of issuance of these financial statements. Except for the subsequent distributions disclosed in Notes 3 and 5, the evaluation did not identify any subsequent events that necessitated disclosures and/or adjustments to these financial statements.

18

COLLEGE AND UNIVERSITY FACILITY LOAN TRUST TWO

SCHEDULE OF INVESTMENTS

November 30, 2013

(Dollar Amounts in Thousands)

Outstanding Principal Balance		Description	Stated Interest Rate %			Maturity Date		Effective Yield to Maturity % (A) (Unaudited)			Amortized Cost (Notes 1 and 2)
		COLLEGE AND UNIVERSITY LOANS (220%)
		---------- ALABAMA (18%) --------
$	565	Alabama Agricultural and Mechanical University		3.000	%		5/01/2018		10.27	%	$	484
	790	Auburn University		3.000			12/01/2018		9.16			658
												1,142
		---------- CALIFORNIA (23%) --------
	33	Azusa Pacific University		3.750			04/01/2015		10.88			31
	938	California State University		3.000			11/01/2019		8.99			772
	179	Lassen Junior College District		3.000			04/01/2020		10.27			142
	570	University Student Co-Operative Association		3.000			04/01/2019		10.70			460
												1,405
		---------- DISTRICT OF COLUMBIA (53%) --------
	1,133	Georgetown University		3.000			11/01/2020		10.36			869
	3,030	Georgetown University		4.000			11/01/2020		10.52			2,404
												3,273
		---------- FLORIDA (3%) --------
	180	University of Florida		3.000			07/01/2014		10.15			166
												166
		---------- GEORGIA (3%) --------
	20	Mercer University		3.000			05/01/2014		10.58			19
	199	Paine College		3.000			10/01/2016		10.45			173
												192
		---------- INDIANA (23%) --------
	1,900	Vincennes University		3.000			06/01/2023		9.02			1,405
												1,405
		---------- IOWA (1%) --------
	68	Simpson College		3.000			07/01/2016		10.58			58
												58
		---------- MARYLAND (3%) --------
	15	Hood College		3.625			11/01/2014		10.54			14
	181	Morgan State University		3.000			11/01/2014		10.56			171
												185
		---------- MASSACHUSETTS (1%) --------
	58	Hampshire College		3.000			02/01/2014		10.70			56
												56
		---------- MISSISSIPPI (12%) --------
	252	Millsaps College		3.000			11/01/2021		10.34			188
	690	Mississippi State University		3.000			12/01/2020		9.64			537
												725
		---------- MISSOURI (0%)* ----------
	27	Drury College		3.000			04/01/2015		10.63			25
												25

The accompanying notes are an integral part of this schedule.

19

COLLEGE AND UNIVERSITY FACILITY LOAN TRUST TWO

SCHEDULE OF INVESTMENTS

November 30, 2013

(Dollar Amounts in Thousands)

(continued)

Outstanding Principal Balance		Description	Stated Interest Rate %			Maturity Date		Effective Yield to Maturity % (A) (Unaudited)			Amortized Cost (Notes 1 and 2)
		---------- NEW HAMPSHIRE (1%) --------
$	34	New England College		3.000	%		04/01/2016		10.77	%	$	30
												30
		---------- NEW JERSEY (9%) --------
	450	Fairleigh Dickinson University		3.000			11/01/2017		10.39			378
	55	Newark Beth Israel Hospital		3.625			01/01/2014		11.06			52
	117	Rider College		3.000			05/01/2017		10.70			102
												532
		---------- NEW Mexico (2%) --------
	175	College of Santa Fe		3.000			10/01/2018		10.43			144
												144
		---------- NEW YORK (3%) --------
	135	Daemen College		3.000			04/01/2016		10.77			121
	72	Long Island University		3.625			06/01/2014		10.49			68
												189
		---------- NORTH CAROLINA (3%) --------
	100	Elizabeth City State University		3.000			10/01/2017		10.02			85
	164	Saint Mary’s College		3.000			06/01/2020		10.14			128
												213
		---------- OHIO (3%) --------
	120	Wittenberg University		3.000			05/01/2015		10.76			111
	63	Wittenberg University		3.000			11/01/2017		10.39			53
												164
		---------- OREGON (3%) --------
	240	George Fox College		3.000			07/01/2018		10.64			200
												200
		---------- PENNSYLVANIA (21%) --------
	70	Drexel University		3.500			05/01/2014		10.53			67
	20	Lycoming College		3.625			05/01/2014		10.64			19
	50	Lycoming College		3.750			05/01/2015		10.62			47
	1,102	Philadelphia College of Art		3.000			01/01/2022		10.62			806
	28	Seton Hill College		3.625			11/01/2014		10.53			26
	425	Villanova University		3.000			04/01/2019		10.70			343
												1,308
		---------- PUERTO RICO (7%) --------
	530	Inter American University of Puerto Rico		3.000			01/01/2017		10.94			459
												459
		---------- TENNESSEE (1%) --------
	64	Hiwassee College		3.000			09/15/2018		10.58			52
												52

The accompanying notes are an integral part of this schedule.

20

COLLEGE AND UNIVERSITY FACILITY LOAN TRUST TWO

SCHEDULE OF INVESTMENTS

November 30, 2013

(Dollar Amounts in Thousands)

(continued)

Outstanding Principal Balance				Description	Stated Interest Rate %			Maturity Date			Effective Yield to Maturity % (A) (Unaudited)			Amortized Cost (Notes 1 and 2)
				---------- TEXAS (3%) --------
$	235			University of Saint Thomas		3.000	%		10/01/2019			10.41	%	$	185
															185
				---------- VIRGINIA (21%) --------
	58			Lynchburg College		3.750			05/01/2015			10.64			55
	195			Lynchburg College		3.000			05/01/2018			10.68			164
	135			Marymount University		3.000			05/01/2016			10.52			121
	1,300			Norfolk State University		3.000			12/01/2021			9.77			979
															1,319
				---------- WEST VIRGINIA (1%) --------
	80			Bethany College		3.000			11/01/2017			10.40			67
															67
				---------- WISCONSIN (2%) --------
	115			Marian College		3.000			10/01/2016			10.45			99
															99
		(B	)	TOTAL COLLEGE & UNIVERSITY LOANS (220%)											13,593
				Allowance for Loan Losses (-2%)											(136	)
				Net Loans of the Trust (218%)											13,457
				INVESTMENT AGREEMENTS (72%)
	516			JPMorgan Chase Bank—Liquidity Fund		7.750			06/01/2018	(C)		7.750			516
	3,969			JPMorgan Chase Bank—Revenue Fund		7.050			06/01/2018	(C)		7.050			3,969
				TOTAL INVESTMENT AGREEMENTS											4,485
				Total Investments (290%)										$	17,942
				OTHER ASSETS, LESS LIABILITIES (-190%)											(11,752	)
				NET ASSETS (100.0%)										$	6,190

(A) Represents the rate of return earned by the Trust based on the purchase discount and the accretion to maturity.

(B) The tax basis of the Loans is approximately $21,445.

(C) Terminates at the earlier of December 1, 2018 or the date on which the Bonds are paid-in-full (Note 2).

* Rounds to less than 1%

The accompanying notes are an integral part of this schedule.

21

ITEM 2. CODE OF ETHICS

Not applicable to the registrant.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT

Not applicable to the registrant.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES

(a) Audit Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2013—$223,050

Fiscal year ended 2012—$192,000

(b) Audit-Related Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2013—$0

Fiscal year ended 2012—$0

(c) Tax Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2013—$0

Fiscal year ended 2012—$0

(d) All Other Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2013—$60,176

-$43,576 in connection with Accountants’ Report on Applying Agreed-Upon Procedures to comply with the requirements of section 4.7 (c) of the Trust’s Indenture.

-$12,600 in connection with Accountants’ Report on Applying Agreed-Upon Procedures to relating to the Trust’s Servicing Agreement.

-$4,000 out of pocket expenses.

Fiscal year ended 2012—$57,500

-$41,500 in connection with Accountants’ Report on Applying Agreed-Upon Procedures to comply with the requirements of section 4.7 (c) of the Trust’s Indenture.

-$12,000 in connection with Accountants’ Report on Applying Agreed-Upon Procedures to relating to the Trust’s Servicing Agreement.

-$4,000 out of pocket expenses.

(e)

(1) Audit Committee Policies regarding Pre-approval of Services.

Not applicable to the registrant.

(2) Percentage of services identified in items 4(b) through 4(d) that were approved by the registrants audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:

Not applicable to the registrant.

(f) Not applicable to the registrant.

(g) Not applicable to the registrant.

(h) Not applicable to the registrant.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not applicable to the registrant.

ITEM 6. SCHEDULE OF INVESTMENTS

Schedule is included as part of the report to shareholders filed under Item 1.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable to the registrant.

ITEM 8. PORTFOLIO MANAGER OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable to the registrant.

ITEM 9. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS

Not applicable to the registrant.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable to the registrant.

ITEM 11. CONTROLS AND PROCEDURES

(a) Not applicable to the registrant.

(b) Not applicable to the registrant.

ITEM 12. EXHIBITS

The following exhibits are attached to this Form N-CSR:

(a)

(1) Code of ethics or amendments: not applicable to the registrant.

(2) Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(a) under the Investment Company Act of 1940, is attached.

(3) Annual Compliance Statement of the Servicer, Berkadia Commercial Mortgage LLC, is attached.

(4) Report on Compliance with minimum Master Servicing Standards is attached.

(5) Berkadia Commercial Mortgage LLC reports pursuant to section 1301, 1302, 1303, 1304, 1306 and 1307 of the servicer agreement.

(b) Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)  College and University Facility Loan Trust Two
By (Signature and Title)	/s/ Laura S Cawley, Vice President
Date  January 27, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)	/s/ Bryan Calder, Executive Vice President
Date  January 27, 2014

EX-99.CERT

Exhibit 99.CERT

Certification

I, Bryan Calder of the owner trustee, certify that:

1. I have reviewed this report on Form N-CSR of College and University Facility Loan Trust Two (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in the report, fairly present in all material respects the financial condition, results of operation, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in the report;

4. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in this report is included in this report;

5. Based on my knowledge and upon the annual compliance statement delivered to the trustee in accordance with the terms of the pooling and servicing, or similar, agreement, and except as disclosed in this report, the servicer has fulfilled its obligations under the servicing agreement; and

6. The report discloses all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Berkadia Commercial Mortgage LLC and The Bank of New York Trust Company National Association.

Date: January 27, 2014

/s/ Bryan Calder

Bryan Calder

Executive Vice President

EX-99.906CERT

EX-99.906

CERTIFICATION PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

I, Bryan Calder, Executive Vice President of US Bank, the Owner Trustee of College and University Facility Loan Trust Two (the “Registrant”), hereby certifies that:

1. the Registrant’s report on Form N-CSR (the “Report”) for the period ended November 30, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: January 27, 2014

By:	/s/ Bryan Calder
	Executive Vice President

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.

EX-99.5

Annual Statement as to Compliance

For the Year Ended December 31, 2012

United States Department of Education

College and University Facility Loan Trust Two

Pursuant to Section 206 of the Servicing Agreement governing the referenced transaction, I hereby attest that:

i. A review of the activities and performance of Berkadia Commercial Mortgage as Master Servicer during the period under this Servicing Agreement, has been made under my supervision, and, to the best of my knowledge, based on such review, Berkadia Commercial Mortgage as Master Servicer, has fulfilled in all material respects, all of its duties, responsibilities, or obligations under this Servicing Agreement throughout the period.

ii. I confirm that Berkadia Commercial Mortgage as Master Servicer is in compliance with the requirements of Section 206.

Berkadia Commercial Mortgage

    

Mark E. McCool

Executive Vice President

February 20, 2013

Inv. 3 Lib. G

118 WELSH ROAD     HORSHAM, PA 19044     215.328.3200

Management’s Assertion Concerning Compliance

with Minimum Master Servicing Standards

February 28, 2013

As of and for the year ended December 31, 2012, Berkadia Commercial Mortgage LLC has complied, in all material respects, with the minimum master servicing standards set forth in the Company’s Master Servicing Policy (attached in Exhibit I) which were derived from the Mortgage Banker’s Association of America’s Uniform Single Attestation Program for Mortgage Bankers.

As of December 31, 2012, the Company is covered by insurance policies providing for $150 million of fidelity bond insurance and $150 million of errors and omission insurance.

Mark E. McCool

Executive Vice President

Head of Servicing

Berkadia Commercial Mortgage LLC

Exhibit I

Berkadia Commercial Mortgage LLC

Master Servicing Policy

I. CUSTODIAL BANK ACCOUNTS

1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:

• Be mathematically accurate;

• Be prepared within thirty (30) calendar days after the cutoff date;

• Be reviewed and approved by someone other than the person who prepared the reconciliation; and

• Document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of identification.

2. Funds of the servicing entity shall be advanced as specified in the servicing agreement in cases where there is an overdraft in an investor’s or a mortgagor’s account.

3. All cash for each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor or in an investment account in accordance with the applicable servicing agreement requirements.

4. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.

II. MORTGAGE PAYMENTS

1. Mortgage payments which are properly identified with the Company’s account number and which agree to the total amount of the scheduled payment due shall be deposited into the clearing bank accounts and related custodial bank accounts within two business days of receipt. Any mortgage payments which do not meet these parameters will be researched and deposited into the appropriate bank accounts within five business days of receipt.

2. Mortgage payments made in accordance with the mortgagor’s loan documents shall be posted to the applicable mortgagor records within two business days of receipt.

III. DISBURSEMENTS

1. Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.

2. Amounts remitted to investors per the servicer’s investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.

Exhibit I

IV. INVESTOR ACCOUNTING AND REPORTING

1. The servicing entity’s investor reports shall agree with, or reconcile to, investors records on a monthly basis as to the total unpaid principle balance and number of loans serviced by the servicing entity.

V. INSURANCE POLICIES

1. A fidelity bond and errors and omissions policy shall be in effect on the servicing entity in the amount of coverage represented in investors in management’s assertion.

VI. MONITORING OF SUBSERVICER COMPLIANCE

1. Within 120 days of the calendar year end or subservicer’s year end, the subservicer’s management assertions about compliance with minimum servicing standards, which were derived from the Mortgage Banker’s Association of America’s Uniform Single Attestation Program for Mortgage Bankers, and the Independent Accountants’ Report on management’s assertions shall be reviewed, and if material exceptions are found, appropriate corrective action will be taken.

2. An annual certification from each subservicer stating that the subservicer is in compliance with its subservicing agreement shall be obtained for the previous calendar year.

Annual Statement as to Compliance

For the Year Ended December 31, 2012

United States Department of Education

College and University Facility Loan Trust Two

Pursuant to Section 206 of the Servicing Agreement governing the referenced transaction, I hereby attest that:

(i) A review of the activities and performance of Berkadia Commercial Mortgage as Special Servicer during the period under this Servicing Agreement, has been made under my supervision, and, to the best of my knowledge, based on such review, Berkadia Commercial Mortgage as Special Servicer, has fulfilled in all material respects, all of its duties, responsibilities, or obligations under this Servicing Agreement throughout the period.

(ii) I confirm that Berkadia Commercial Mortgage as Special Servicer is in compliance with the requirements of Section 2.02 hereof.

Berkadia Commercial Mortgage

Michael Carp

Executive Vice President

February 20, 2013

Inv. 003 Lib. G

118 WELSH ROAD     HORSHAM, PA 19044     215.328.3200

Management’s Assertion Concerning Compliance

with Minimum Special Servicing Standards

February 28, 2013

As of and for the year ended December 31, 2012, Berkadia Commercial Mortgage LLC has complied, in all material respects, with the minimum special servicing standards set forth in the Company’s Special Servicing Policy (attached in Exhibit I) which were derived from the Mortgage Banker’s Association of America’s Uniform Single Attestation Program for Mortgage Bankers.

As of December 31, 2012, the Company is covered by insurance policies providing for $150 million of fidelity bond insurance and $150 million of errors and omission insurance.

Mark E. McCool

Executive Vice President

Head of Servicing

Berkadia Commercial Mortgage LLC

Michael Carp

Executive Vice President

Asset Management

Berkadia Commercial Mortgage LLC

Exhibit I

Berkadia Commercial Mortgage LLC

Special Servicing Policy

I. RECORDKEEPING

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

II. INSURANCE

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

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

Collections:
Principal Payments	549,940.18
Interest Payments	105,096.22
Total Principal and Interest Collections	655,036.40
Payments and Reversals Posted to Suspense	(155,343.78	)
Total Collections	499,692.62
Less: Servicing Fees (not withheld from remittances)	(2,036.11	)
Net Collections	497,656.51

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

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

Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
12012012	30101601	AUBURN UNIVER		120,000.00		13,650.00		133,650.00		910,000.00		341.25
12012012	30119903	MISSISSIPPI S		70,000.00		11,400.00		81,400.00		760,000.00		285.00
12012012	30121501	NORFOLK STATE		65,697.07		21,479.71		87,176.78		1,431,980.76		536.99
12012012	30127402	ST MARY’S COL		11,000.00		2,790.00		13,790.00		186,000.00		69.75
12012012	30137901	VINCENNES UNI		—		30,900.00		30,900.00		2,060,000.00		772.50
12012012	30105701	CHAMPLAIN COL		6,456.03		294.90		6,750.93		19,660.29		7.37
12012012	30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75
		TOTALS:		273,153.10		82,145.86		355,298.96		5,457,641.05		2,046.61
11012012	30114001	HOOD COLLEGE		23,000.00		1,123.75		24,123.75		62,000.00		23.25
12012012	30117002	LONG ISLAND U		0.00		1,631.25		1,631.25		90,000.00		(33.75	)
								Service Fees due				2,036.11
S/F still due for below loans
10012010	30132402	TEXAS SOUTHER		—		2,275.00		2,275.00		130,000.00		48.75
4012011	30132402	TEXAS SOUTHER		40,000.00		2,275.00		42,275.00		130,000.00		48.75
10012011	30132402	TEXAS SOUTHER		—		1,575.00		1,575.00		90,000.00		33.75
4012012	30132402	TEXAS SOUTHER		45,000.00		1,575.00		46,575.00		90,000.00		33.75
10012012	30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		16.88
11012012	30120601	MORGAN STATE		86,090.73		6,653.43		92,744.16		443,562.21		166.34
11012012	30125504	RIDER COLLEGE		150,000.00		5,618.75		155,618.75		310,000.00		116.25
11012012	30128802	SETON HILL CO		26,000.00		1,468.13		27,468.13		81,000.00		30.38

Page 2 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

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

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

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

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of December 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30100103	ALABAMA AGRICULTURAL		3		680,000.00		5012018
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4012015
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE - HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30104605	CARNEGIE MELLON		3		330,000.00		11012017
30105701	CHAMPLAIN COLLEGE, INC.		3		13,204.26		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		175,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		170,000.00		5012014
30109604	DRURY COLLEGE		3		49,000.00		4012015
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110401	EMMANUEL COLLEGE		3		14,000.00		11012013
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30112002	GEORGE FOX COLLEGE		3		275,151.00		7012018
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30112901	HAMPSHIRE COLLEGE		3		16,665.59		7012013
30112902	HAMPSHIRE COLLEGE		3		172,033.40		2012014
30113702	HIWASSEE COLLEGE		3		75,287.98		9152018
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		613,513.20		1012017
30116201	LASSEN JUNIOR COLLEGE		3		204,000.00		4012020
30117002	LONG ISLAND UNIVERSITY		3.625		116,789.50		6012014
30117402	LYCOMING COLLEGE		3.625		40,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		235,000.00		5012018
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		175,000.00		5012016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		59,086.53		5012014
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		443,562.20		11012014
30121101	NEW ENGLAND COLLEGE		3		45,000.00		4012016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		110,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,366,284.00		12012021
30123401	PAINE COLLEGE		3		260,000.00		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,214,028.00		1012022
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		147,000.00		5012017
30127402	ST MARY’S SCHOOL		3		175,000.00		6012020
30127602	SAINT MICHAELS COLLEGE		3		85,022.56		5012013
30128001	SAINT VINCENT COLLEGE		3.5		55,000.00		5012013
30128802	SETON HILL COLLEGE		3.625		81,000.00		11012014

Page 5 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of December 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30129101	SIMPSON COLLEGE - BOND 1966		3		90,000.00		7012016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		520,000.00		10012015
30130703	SPRINGFIELD COLLEGE		3.5		8,000.00		5012013
30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
30133201	UNIV STUDENT COOP HOUSING		3		655,000.00		4012019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		355,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		490,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		2,060,000.00		6012023
30138702	WESLEY COLLEGE		3.375		2,000.00		5012013
30140502	WITTENBERG UNIVERSITY		3		175,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
	TOTALS:				22,221,628.21

Page 6 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of December 31, 2012

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		93,487.50		130,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/12		28,420.73		116,789.48
30123401	PAINE COLLEGE		10/01/12		1,344.00		259,999.99
30120601	MORGAN STATE		11/01/12		92,744.16		443,562.21
30125504	RIDER COLLEGE		11/01/12		274.96		160,000.00
30128802	SETON HILL COLLEGE		11/01/12		27,468.13		81,000.00
TOTAL:					243,739.48		1,191,351.68

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of December 31, 2012

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of January 01, 2013 through January 31, 2013

Collections:
Principal Payments	280,912.68
Interest Payments	32,256.23
Total Principal and Interest Collections	313,168.91
Payments and Reversals Posted to Suspense	—
Total Collections	313,168.91
Less: Servicing Fees (not withheld from remittances)	(1,357.20	)
Net Collections	311,811.71

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of January 01, 2013 through January 31, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
1012013		30112002	GEORGE FOX CO		11,464.19		2,149.61		13,613.80		286,615.14		107.48
1012013		30112901	HAMPSHIRE COL		16,419.80		496.28		16,916.08		33,085.39		12.41
1012013		30114802	INTER AMERICA		82,359.12		10,438.08		92,797.20		695,872.31		260.95
1012013		30121201	NEWARK BETH I		55,000.00		1,993.75		56,993.75		110,000.00		41.25
1012013		30123701	PHILADELPHIA		55,697.78		18,210.42		73,908.20		1,214,028.17		455.26
1012013		30129101	SIMPSON COLLE		—		1,350.00		1,350.00		90,000.00		33.75
1012013		30134402	UNIVERSITY OF		—		5,325.00		5,325.00		355,000.00		133.13
			TOTALS:		220,940.89		39,963.14		260,904.03		2,784,601.01		1,044.23
11012012		30120601	MORGAN STATE		86,090.73		6,653.43		92,744.16		443,562.21		166.34
11012012		30125504	RIDER COLLEGE		150,000.00		5,618.75		155,618.75		310,000.00		116.25
11012012		30128802	SETON HILL CO		26,000.00		1,468.13		27,468.13		81,000.00		30.38
									Service Fees due				1,357.20
S/F still due for below loans
10012010		30132402	TEXAS SOUTHER		—		2,275.00		2,275.00		130,000.00		48.75
4012011		30132402	TEXAS SOUTHER		40,000.00		2,275.00		42,275.00		130,000.00		48.75
10012011		30132402	TEXAS SOUTHER		—		1,575.00		1,575.00		90,000.00		33.75
4012012		30132402	TEXAS SOUTHER		45,000.00		1,575.00		46,575.00		90,000.00		33.75
10012012		30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		16.88
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75

Page 2 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of January 01, 2013 through January 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of January 01, 2013 through January 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of January 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30100103	ALABAMA AGRICULTURAL		3		680,000.00		5012018
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4012015
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE - HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30104605	CARNEGIE MELLON		3		330,000.00		11012017
30105701	CHAMPLAIN COLLEGE, INC.		3		13,204.26		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		175,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		170,000.00		5012014
30109604	DRURY COLLEGE		3		49,000.00		4012015
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110401	EMMANUEL COLLEGE		3		14,000.00		11012013
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30112002	GEORGE FOX COLLEGE		3		275,150.95		7012018
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30112901	HAMPSHIRE COLLEGE		3		16,665.59		7012013
30112902	HAMPSHIRE COLLEGE		3		115,540.43		2012014
30113702	HIWASSEE COLLEGE		3		75,287.98		9152018
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		613,513.19		1012017
30116201	LASSEN JUNIOR COLLEGE		3		204,000.00		4012020
30117002	LONG ISLAND UNIVERSITY		3.625		115,158.23		6012014
30117402	LYCOMING COLLEGE		3.625		40,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		235,000.00		5012018
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		175,000.00		5012016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		59,086.53		5012014
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		357,471.48		11012014
30121101	NEW ENGLAND COLLEGE		3		45,000.00		4012016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014

Page 5 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of January 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30121501	NORFOLK STATE UNIVERSITY		3		1,366,283.69		12012021
30123401	PAINE COLLEGE		3		259,999.99		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,158,330.39		1012022
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		147,000.00		5012017
30127402	ST MARY’S SCHOOL		3		175,000.00		6012020
30127602	SAINT MICHAELS COLLEGE		3		85,022.56		5012013
30128001	SAINT VINCENT COLLEGE		3.5		55,000.00		5012013
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
30129101	SIMPSON COLLEGE - BOND 1966		3		90,000.00		7012016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		520,000.00		10012015
30130703	SPRINGFIELD COLLEGE		3.5		8,000.00		5012013
30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
30133201	UNIV STUDENT COOP HOUSING		3		655,000.00		4012019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		355,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		490,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		2,060,000.00		6012023
30138702	WESLEY COLLEGE		3.375		2,000.00		5012013
30140502	WITTENBERG UNIVERSITY		3		175,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
	TOTALS:				21,940,715.26

Page 6 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of January 31, 2013

Loan Number	Borrower Name	Next Payment Due	P and I Due		Current UPB
30132402	TEXAS SOUTHERN UNIVERSITY	10/01/10		93,487.50		130,000.00
30117002	LONG ISLAND UNIVERSITY	06/01/12		26,789.48		115,158.23
30123401	PAINE COLLEGE	10/01/12		1,344.00		259,999.99
30125504	RIDER COLLEGE	11/01/12		274.96		160,000.00
TOTAL:				121,895.94		665,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of January 31, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of February 01, 2013 through February 28, 2013

Collections:
Principal Payments	0.01
Interest Payments	—
Total Principal and Interest Collections	0.01
Payments and Reversals Posted to Suspense	(0.01	)
Total Collections	—
Less: Servicing Fees (not withheld from remittances)	(64.51	)
Net Collections	(64.51	)

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of February 01, 2013 through February 28, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
2012013		30112902	HAMPSHIRE COL		56,492.92		2,580.50		59,073.42		172,033.40		64.51
			TOTALS:		56,492.92		2,580.50		59,073.42		172,033.40		64.51
									Service Fees due				64.51
S/F still due for below loans
10012010		30132402	TEXAS SOUTHER		—		2,275.00		2,275.00		130,000.00		48.75
4012011		30132402	TEXAS SOUTHER		40,000.00		2,275.00		42,275.00		130,000.00		48.75
10012011		30132402	TEXAS SOUTHER		—		1,575.00		1,575.00		90,000.00		33.75
4012012		30132402	TEXAS SOUTHER		45,000.00		1,575.00		46,575.00		90,000.00		33.75
10012012		30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		16.88
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75

Page 2 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of February 01, 2013 through February 28, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of February 01, 2013 through February 28, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of February 28, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30100103	ALABAMA AGRICULTURAL		3		680,000.00		5012018
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4012015
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE - HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30104605	CARNEGIE MELLON		3		330,000.00		11012017
30105701	CHAMPLAIN COLLEGE, INC.		3		13,204.26		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		175,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		170,000.00		5012014
30109604	DRURY COLLEGE		3		49,000.00		4012015
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110401	EMMANUEL COLLEGE		3		14,000.00		11012013
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30112002	GEORGE FOX COLLEGE		3		275,151.00		7012018
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30112901	HAMPSHIRE COLLEGE		3		16,665.59		7012013
30112902	HAMPSHIRE COLLEGE		3		115,540.40		2012014
30113702	HIWASSEE COLLEGE		3		75,287.98		9152018
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		613,513.20		1012017
30116201	LASSEN JUNIOR COLLEGE		3		204,000.00		4012020
30117002	LONG ISLAND UNIVERSITY		3.625		115,158.20		6012014
30117402	LYCOMING COLLEGE		3.625		40,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		235,000.00		5012018
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		175,000.00		5012016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		59,086.53		5012014
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		357,471.50		11012014
30121101	NEW ENGLAND COLLEGE		3		45,000.00		4012016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,366,284.00		12012021
30123401	PAINE COLLEGE		3		260,000.00		10012016

Page 6 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of February 28, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30123701	UNIVERSITY OF THE ARTS		3		1,158,330.00		1012022
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		147,000.00		5012017
30127402	ST MARY’S SCHOOL		3		175,000.00		6012020
30127602	SAINT MICHAELS COLLEGE		3		85,022.56		5012013
30128001	SAINT VINCENT COLLEGE		3.5		55,000.00		5012013
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
30129101	SIMPSON COLLEGE—BOND 1966		3		90,000.00		7012016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		520,000.00		10012015
30130703	SPRINGFIELD COLLEGE		3.5		8,000.00		5012013
30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
30133201	UNIV STUDENT COOP HOUSING		3		655,000.00		4012019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		355,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		490,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		2,060,000.00		6012023
30138702	WESLEY COLLEGE		3.375		2,000.00		5012013
30140502	WITTENBERG UNIVERSITY		3		175,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
	TOTALS:				21,940,715.21

Page 7 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of February 28, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		93,487.50		130,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/12		26,789.48		115,158.23
30123401	PAINE COLLEGE		10/01/12		1,344.00		259,999.99
30125504	RIDER COLLEGE		11/01/12		274.96		160,000.00
TOTAL:					121,895.94		665,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of February 28, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of March 01, 2013 through March 31, 2013

Collections:
Principal Payments	5,778.68
Interest Payments	1,129.32
Total Principal and Interest Collections	6,908.00
Payments and Reversals Posted to Suspense	527,800.00
Total Collections	534,708.00
Less: Servicing Fees (not withheld from remittances)	(28.23	)
Net Collections	534,679.77

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of March 01, 2013 through March 31, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
3152013		30113702	HIWASSEE COLL		5,778.68		1,129.32		6,908.00		75,287.98		28.23
													—
													—
													—
													—
													—
													—
			TOTALS:		5,778.68		1,129.32		6,908.00		75,287.98		28.23
									Service Fees due				28.23
S/F still due for below loans
10012010		30132402	TEXAS SOUTHER		—		2,275.00		2,275.00		130,000.00		48.75
4012011		30132402	TEXAS SOUTHER		40,000.00		2,275.00		42,275.00		130,000.00		48.75
10012011		30132402	TEXAS SOUTHER		—		1,575.00		1,575.00		90,000.00		33.75
4012012		30132402	TEXAS SOUTHER		45,000.00		1,575.00		46,575.00		90,000.00		33.75
10012012		30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		16.88
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75

Page 2 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of March 01, 2013 through March 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of March 01, 2013 through March 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of March 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30100103	ALABAMA AGRICULTURAL		3		680,000.00		5012018
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4012015
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE—HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30104605	CARNEGIE MELLON		3		330,000.00		11012017
30105701	CHAMPLAIN COLLEGE, INC.		3		13,204.26		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		175,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		170,000.00		5012014
30109604	DRURY COLLEGE		3		49,000.00		4012015
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110401	EMMANUEL COLLEGE		3		14,000.00		11012013
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30112002	GEORGE FOX COLLEGE		3		275,150.95		7012018
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30112901	HAMPSHIRE COLLEGE		3		16,665.59		7012013
30112902	HAMPSHIRE COLLEGE		3		115,540.43		2012014
30113702	HIWASSEE COLLEGE		3		69,509.30		9152018
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		613,513.19		1012017
30116201	LASSEN JUNIOR COLLEGE		3		204,000.00		4012020
30117002	LONG ISLAND UNIVERSITY		3.625		115,158.23		6012014
30117402	LYCOMING COLLEGE		3.625		40,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		235,000.00		5012018
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		175,000.00		5012016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		59,086.53		5012014
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		357,471.48		11012014
30121101	NEW ENGLAND COLLEGE		3		45,000.00		4012016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,366,283.68		12012021
30123401	PAINE COLLEGE		3		259,999.99		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,158,330.39		1012022
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		147,000.00		5012017
30127402	ST MARY’S SCHOOL		3		175,000.00		6012020

Page 5 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of March 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30127602	SAINT MICHAELS COLLEGE		3		85,022.56		5012013
30128001	SAINT VINCENT COLLEGE		3.5		55,000.00		5012013
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
30129101	SIMPSON COLLEGE—BOND 1966		3		90,000.00		7012016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		520,000.00		10012015
30130703	SPRINGFIELD COLLEGE		3.5		8,000.00		5012013
30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
30133201	UNIV STUDENT COOP HOUSING		3		655,000.00		4012019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		355,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		490,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		2,060,000.00		6012023
30138702	WESLEY COLLEGE		3.375		2,000.00		5012013
30140502	WITTENBERG UNIVERSITY		3		175,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
	TOTALS:				21,934,936.57

Page 6 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of March 31, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		93,487.50		130,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/12		26,789.48		115,158.23
30123401	PAINE COLLEGE		10/01/12		1,344.00		259,999.99
30125504	RIDER COLLEGE		11/01/12		274.96		160,000.00
TOTAL:					121,895.94		665,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of March 31, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of April 01, 2013 through April 30, 2013

Collections:
Principal Payments	922,550.17
Interest Payments	58,264.25
Total Principal and Interest Collections	980,814.42
Payments and Reversals Posted to Suspense	(522,835.95	)
Total Collections	457,978.47
Less: Servicing Fees (not withheld from remittances)	(1,329.10	)
Net Collections	456,649.37

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of April 01, 2013 through April 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
4012013		30101701	AZUSA PACIFIC		16,000.00		918.75		16,918.75		49,000.00		18.38
4012013		30106904	COLLEGE OF SA		—		3,165.00		3,165.00		211,000.00		79.13
4012013		30108202	DAEMEN COLLEG		40,000.00		2,625.00		42,625.00		175,000.00		65.63
4012013		30109604	DRURY COLLEGE		11,000.00		735.00		11,735.00		49,000.00		18.38
4012013		30110101	ELIZABETH CIT		—		1,875.00		1,875.00		125,000.00		46.88
4012013		30112002	GEORGE FOX CO		11,550.17		2,063.63		13,613.80		275,150.95		103.18
4012013		30117801	MARIAN COLLEG		—		2,250.00		2,250.00		150,000.00		56.25
4012013		30121101	NEW ENGLAND C		11,000.00		675.00		11,675.00		45,000.00		16.88
4012013		30132402	TEXAS SOUTHER		45,000.00		787.50		45,787.50		45,000.00		16.88
4012013		30133201	UNIV STU COOP		85,000.00		9,825.00		94,825.00		655,000.00		245.63
4012013		30136801	UNIVERSITY OF		—		4,050.00		4,050.00		270,000.00		101.25
4012013		30137802	VILLANOVA UNI		65,000.00		7,350.00		72,350.00		490,000.00		183.75
4012013		30130301	SOUTHWEST TEX		—		7,800.00		7,800.00		520,000.00		195.00
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		97.50
4012013		30116201	LASSEN JUNIOR		25,000.00		3,060.00		28,060.00		204,000.00		76.50
			TOTALS:		309,550.17		51,079.88		360,630.05		3,523,150.94		1,321.22
10012010		30132402	TEXAS SOUTHER		0.00		2,275.00		2,275.00		130,000.00		48.75
4012011		30132402	TEXAS SOUTHER		40,000.00		2,275.00		42,275.00		130,000.00		48.75
10012011		30132402	TEXAS SOUTHER		0.00		1,575.00		1,575.00		90,000.00		33.75
4012012		30132402	TEXAS SOUTHER		45,000.00		1,575.00		46,575.00		90,000.00		33.75
10012012		30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		16.88
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		(97.50	)
4012013		30116201	LASSEN JUNIOR		25,000.00		3,060.00		28,060.00		204,000.00		(76.50	)
											Service Fees due		1,329.10
S/F still due for below loans
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75

Page 2 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of April 01, 2013 through April 30, 2013

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30130301		4/1/2013		527,800.00		520,000.00		7,800.00				10012015
30132402		4/22/2013		45,787.50		45,000.00		787.50				4012013
TOTALS:				573,587.50		565,000.00		8,587.50		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of April 01, 2013 through April 30, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of April 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30104605	CARNEGIE MELLON		3		297,000.00		11012017
30105701	CHAMPLAIN COLLEGE, INC.		3		13,204.26		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30109604	DRURY COLLEGE		3		38,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		263,600.78		7012018
30112901	HAMPSHIRE COLLEGE		3		16,665.59		7012013
30112902	HAMPSHIRE COLLEGE		3		115,540.43		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		613,513.19		1012017
30117402	LYCOMING COLLEGE		3.625		40,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		235,000.00		5012018
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		357,471.48		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,366,283.68		12012021
30123401	PAINE COLLEGE		3		259,999.99		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,158,330.39		1012022
30127402	ST MARY’S SCHOOL		3		175,000.00		6012020
30127602	SAINT MICHAELS COLLEGE		3		85,022.56		5012013
30128001	SAINT VINCENT COLLEGE		3.5		55,000.00		5012013
30130703	SPRINGFIELD COLLEGE		3.5		8,000.00		5012013
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		355,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		2,060,000.00		6012023
30138702	WESLEY COLLEGE		3.375		2,000.00		5012013
30140502	WITTENBERG UNIVERSITY		3		175,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE —HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		170,000.00		5012014
30110401	EMMANUEL COLLEGE		3		14,000.00		11012013
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		204,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		59,086.53		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		90,000.00		7012016

Page 5 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of April 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		175,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		680,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30113702	HIWASSEE COLLEGE		3		69,509.30		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		115,158.23		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		147,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
	TOTALS:				21,012,386.40

Page 6 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of April 30, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30117002	LONG ISLAND UNIVERSITY		06/01/12		26,789.48		115,158.23
30123401	PAINE COLLEGE		10/01/12		5,244.00		259,999.99
30125504	RIDER COLLEGE		11/01/12		274.96		160,000.00
TOTAL:					32,308.44		535,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of April 30, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of May 01, 2013 through May 31, 2013

Collections:
Principal Payments	1,062,360.57
Interest Payments	177,191.91
Total Principal and Interest Collections	1,239,552.48
Payments and Reversals Posted to Suspense	(1,030.30	)
Total Collections	1,238,522.18
Less: Servicing Fees (not withheld from remittances)	(4,067.14	)
Net Collections	1,234,455.04

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of May 01, 2013 through May 31, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
5012013		30100103	ALABAMA AGRIC		115,000.00		10,200.00		125,200.00		680,000.00		255.00
5012013		30102604	BENEDICT COLL		—		12,240.00		12,240.00		816,000.00		306.00
5012013		30102803	BETHANY COLLE		—		1,425.00		1,425.00		95,000.00		35.63
5012013		30104102	CALIFORNIA ST		—		1,575.00		1,575.00		105,000.00		39.38
5012013		30104201	CALIFORNIA ST		—		16,170.00		16,170.00		1,078,000.00		404.25
5012013		30104605	CARNEGIE-MELL		33,000.00		4,950.00		37,950.00		330,000.00		123.75
5012013		30109502	DREXEL UNIVER		100,000.00		2,975.00		102,975.00		170,000.00		63.75
5012013		30110401	EMMANUEL COLL		—		210.00		210.00		14,000.00		5.25
5012013		30110802	FAIRLEIGH DIC		—		8,250.00		8,250.00		550,000.00		206.25
5012013		30112301	GEORGETOWN UN		—		19,155.00		19,155.00		1,277,000.00		478.88
5012013		30112302	GEORGETOWN UN		—		68,100.00		68,100.00		3,405,000.00		1,276.88
5012013		30117402	LYCOMING COLL		20,000.00		725.00		20,725.00		40,000.00		15.00
5012013		30117403	LYCOMING COLL		25,000.00		1,406.25		26,406.25		74,999.99		28.12
5012013		30117501	LYNCHBURG COL		40,000.00		1,837.50		41,837.50		98,000.00		36.75
5012013		30117502	LYNCHBURG COL		40,000.00		3,525.00		43,525.00		235,000.00		88.13
5012013		30118401	MARYMOUNT UNI		40,000.00		2,625.00		42,625.00		175,000.00		65.63
5012013		30119202	MERCER UNIVER		19,403.05		886.30		20,289.35		59,086.53		22.16
5012013		30119801	MILLSAPS COLL		—		4,200.00		4,200.00		280,000.00		105.00
5012013		30120601	MORGAN STATE		87,382.09		5,362.07		92,744.16		357,471.48		134.05
5012013		30125504	RIDER COLLEGE		—		2,900.00		2,900.00		160,000.00		60.00
5012013		30125506	RIDER COLLEGE		30,000.00		2,205.00		32,205.00		147,000.00		55.13
5012013		30127602	ST MICHAELS C		85,022.56		1,275.34		86,297.90		85,022.56		31.88
5012013		30128001	ST VINCENT CO		55,000.00		962.50		55,962.50		55,000.00		20.63
5012013		30128802	SETON HILL CO		—		996.87		996.87		55,000.00		20.63
5012013		30130703	SPRINGFIELD C		8,000.00		140.00		8,140.00		8,000.00		3.00
5012013		30140502	WITTENBERG UN		55,000.00		2,625.00		57,625.00		175,000.00		65.63
5012013		30140503	WITTENBERG UN		—		1,170.00		1,170.00		78,000.00		29.25
5012013		30114001	HOOD COLLEGE		—		706.87		706.87		39,000.00		14.63
5012013		30138702	WESLEY COLLEG		2,000.00		33.75		2,033.75		2,000.00		0.75
			TOTALS:		754,807.70		178,832.45		933,640.15		10,643,580.56		3,991.39
4012013		30116201	LASSEN JUNIOR		25,000.00		3,060.00		28,060.00		204,000.00		76.50
5012013		30138702	WESLEY COLLEG		2,000.00		33.75		2,033.75		2,000.00		(0.75	)
											Service Fees due		4,067.14
S/F still due for below loans
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		97.50

Page 2 of 7

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of May 01, 2013 through May 31, 2013

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30104605		5/21/2013		297,792.00		297,000.00		792.00				11012017
30127602		5/9/2013		86,297.90		85,022.56		1,275.34				5012013
30128001		5/14/2013		55,962.50		55,000.00		962.50				5012013
30130703		5/1/2013		8,140.00		8,000.00		140.00				5012013
30110401		5/1/2013		14,210.00		14,000.00		210.00				11012013
TOTALS:				462,402.40		459,022.56		3,379.84		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of May 01, 2013 through May 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of May 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30105701	CHAMPLAIN COLLEGE, INC.		3		6,651.40		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30109604	DRURY COLLEGE		3		38,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		263,600.80		7012018
30112901	HAMPSHIRE COLLEGE		3		16,665.59		7012013
30112902	HAMPSHIRE COLLEGE		3		115,540.40		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		613,513.20		1012017
30117402	LYCOMING COLLEGE		3.625		20,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		195,000.00		5012018
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		270,089.40		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,366,284.00		12012021
30123401	PAINE COLLEGE		3		260,000.00		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,158,330.00		1012022
30127402	ST MARY’S SCHOOL		3		175,000.00		6012020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		355,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		2,060,000.00		6012023
30138702	WESLEY COLLEGE		3.375		2,000.00		5012013
30140502	WITTENBERG UNIVERSITY		3		120,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE—HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		70,000.00		5012014
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		179,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		39,683.47		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		90,000.00		7012016
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		135,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		565,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30113702	HIWASSEE COLLEGE		3		69,509.30		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		115,158.20		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		117,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
	TOTALS:				19,950,025.75

Page 5 of 7

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of May 31, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30117002	LONG ISLAND UNIVERSITY		06/01/12		26,789.48		115,158.23
30123401	PAINE COLLEGE		10/01/12		5,244.00		259,999.99
TOTAL:					32,033.48		375,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of May 31, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of June 01, 2013 through June 30, 2013

Collections:
Principal Payments	414,682.51
Interest Payments	81,578.02
Total Principal and Interest Collections	496,260.53
Payments and Reversals Posted to Suspense	(33.75	)
Total Collections	496,226.78
Less: Servicing Fees (not withheld from remittances)	(1,911.19	)
Net Collections	494,315.59

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of June 01, 2013 through June 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
6012013		30101601	AUBURN UNIVER		—		11,850.00		11,850.00		790,000.00		296.25
6012013		30105701	CHAMPLAIN COL		6,552.86		198.07		6,750.93		13,204.26		4.95
6012013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		33.75
6012013		30119903	MISSISSIPPI S		—		10,350.00		10,350.00		690,000.00		258.75
6012013		30121501	NORFOLK STATE		66,682.52		20,494.26		87,176.78		1,366,283.69		512.36
6012013		30127402	ST MARY’S COL		11,000.00		2,625.00		13,625.00		175,000.00		65.63
6012013		30137901	VINCENNES UNI		160,000.00		30,900.00		190,900.00		2,060,000.00		772.50
			TOTALS:		289,235.38		78,048.58		367,283.96		5,184,487.95		1,944.19
5012013		30138702	WESLEY COLLEG		2,000.00		33.75		2,033.75		2,000.00		0.75		PAID OFF 6/10/13
6012013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		(33.75	)	unpaid
											Service Fees due		1,911.19
S/F still due for below loans
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75		unpaid
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		97.50		unpaid

Page 2 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of June 01, 2013 through June 30, 2013

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30138702		6/10/2013		2,033.75		2,000.00		33.75				5012013
TOTALS:				2,033.75		2,000.00		33.75		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of June 01, 2013 through June 30, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of June 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30105701	CHAMPLAIN COLLEGE, INC.		3		6,651.40		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30109604	DRURY COLLEGE		3		38,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		263,600.78		7012018
30112901	HAMPSHIRE COLLEGE		3		16,665.59		7012013
30112902	HAMPSHIRE COLLEGE		3		115,540.43		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		613,513.19		1012017
30117402	LYCOMING COLLEGE		3.625		20,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		195,000.00		5012018
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		270,089.39		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,299,601.17		12012021
30123401	PAINE COLLEGE		3		259,999.99		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,158,330.39		1012022
30127402	ST MARY’S SCHOOL		3		164,000.00		6012020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		180,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		1,900,000.00		6012023
30140502	WITTENBERG UNIVERSITY		3		120,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE—HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		70,000.00		5012014
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		179,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		39,683.47		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		90,000.00		7012016
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		135,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		565,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30113702	HIWASSEE COLLEGE		3		69,509.30		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		115,158.23		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		117,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
	TOTALS:				19,535,343.32

Page 6 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of June 30, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30117002	LONG ISLAND UNIVERSITY		06/01/12		73,420.73		115,158.23
30123401	PAINE COLLEGE		10/01/12		5,244.00		259,999.99
30125504	RIDER COLLEGE		05/01/13		274.96		160,000.00
TOTAL:					78,939.69		535,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of June 30, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of July 01, 2013 through July 31, 2013

Collections:
Principal Payments	247,770.42
Interest Payments	31,887.77
Total Principal and Interest Collections	279,658.19
Payments and Reversals Posted to Suspense	—
Total Collections	279,658.19
Less: Servicing Fees (not withheld from remittances)	(936.42	)
Net Collections	278,721.77

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of July 01, 2013 through July 31, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
7012013		30112002	GEORGE FOX CO		11,636.79		1,977.01		13,613.80		263,600.78		98.85
7012013		30112901	HAMPSHIRE COL		16,665.59		249.98		16,915.57		16,665.59		6.25
7012013		30114802	INTER AMERICA		83,594.49		9,202.71		92,797.20		613,513.19		230.07
7012013		30121201	NEWARK BETH I		—		996.87		996.87		55,000.00		20.63
7012013		30123701	PHILADELPHIA		56,533.24		17,374.96		73,908.20		1,158,330.39		434.37
7012013		30129101	SIMPSON COLLE		22,000.00		1,350.00		23,350.00		90,000.00		33.75
7012013		30134402	UNIVERSITY OF		175,000.00		5,325.00		180,325.00		355,000.00		133.13
													—
			TOTALS:		365,430.11		36,476.53		401,906.64		2,552,109.95		957.05
7012013		30121201	NEWARK BETH I		0.00		996.87		996.87		55,000.00		(20.63	)	unpaid
											Service Fees due		936.42
S/F still due for below loans
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75		unpaid
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		97.50		unpaid
6012013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		33.75		unpaid

Page 2 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of July 01, 2013 through July 31, 2013

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30112901		7/1/2013		16,915.57		16,665.59		249.98				7012013
TOTALS:				16,915.57		16,665.59		249.98		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of July 01, 2013 through July 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of July 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30105701	CHAMPLAIN COLLEGE, INC.		3		6,651.40		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30109604	DRURY COLLEGE		3		38,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		251,964.00		7012018
30112902	HAMPSHIRE COLLEGE		3		58,200.12		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		529,918.70		1012017
30117402	LYCOMING COLLEGE		3.625		20,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		195,000.00		5012018
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		270,089.40		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,299,601.00		12012021
30123401	PAINE COLLEGE		3		260,000.00		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,101,797.00		1012022
30127402	ST MARY’S SCHOOL		3		164,000.00		6012020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		180,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		1,900,000.00		6012023
30140502	WITTENBERG UNIVERSITY		3		120,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE—HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		70,000.00		5012014
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		179,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		39,683.47		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		68,000.00		7012016
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		135,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		565,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30113702	HIWASSEE COLLEGE		3		69,509.30		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		115,158.20		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		117,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
	TOTALS:				19,287,572.58

Page 6 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of July 31, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30117002	LONG ISLAND UNIVERSITY		06/01/12		73,420.73		115,158.23
30123401	PAINE COLLEGE		10/01/12		5,244.00		259,999.99
30125504	RIDER COLLEGE		05/01/13		274.96		160,000.00
TOTAL:					78,939.69		535,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of July 31, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of August 01, 2013 through August 31, 2013

Collections:
Principal Payments	43,368.75
Interest Payments	7,162.50
Total Principal and Interest Collections	50,531.25
Payments and Reversals Posted to Suspense	(3,900.00	)
Total Collections	46,631.25
Less: Servicing Fees (not withheld from remittances)	(43.33	)
Net Collections	46,587.92

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of August 01, 2013 through August 31, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
8012013		30112902	HAMPSHIRE COL		57,340.31		1,733.11		59,073.42		115,540.40		43.33
			TOTALS:		57,340.31		1,733.11		59,073.42		115,540.40		43.33
											Service Fees due		43.33
S/F still due for below loans
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75	unpaid
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		97.50	unpaid
6012013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		33.75	unpaid
7012013		30121201	NEWARK BETH I		—		996.87		996.87		55,000.00		20.63	unpaid

Page 2 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of August 01, 2013 through August 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of August 01, 2013 through August 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of August 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30105701	CHAMPLAIN COLLEGE, INC.		3		6,651.40		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30109604	DRURY COLLEGE		3		38,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		251,964.00		7012018
30112902	HAMPSHIRE COLLEGE		3		58,200.12		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		529,918.70		1012017
30117402	LYCOMING COLLEGE		3.625		20,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		195,000.00		5012018
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		270,089.40		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,299,601.00		12012021
30123401	PAINE COLLEGE		3		260,000.00		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,101,797.00		1012022
30127402	ST MARY’S SCHOOL		3		164,000.00		6012020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		180,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		1,900,000.00		6012023
30140502	WITTENBERG UNIVERSITY		3		120,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE—HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		70,000.00		5012014
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		179,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		39,683.47		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		68,000.00		7012016
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		135,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		565,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30113702	HIWASSEE COLLEGE		3		69,509.30		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		71,789.48		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		117,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
	TOTALS:				19,244,203.86

Page 6 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of August 31, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30123401	PAINE COLLEGE		04/01/13		1,344.00		259,999.99
30125504	RIDER COLLEGE		05/01/13		274.96		160,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/12		26,789.48		71,789.48
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		07/01/13		996.87		55,000.00
TOTAL:					29,405.31		546,789.47

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of August 31, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of September 01, 2013 through September 30, 2013

Collections:
Principal Payments	—
Interest Payments	9,060.00
Total Principal and Interest Collections	9,060.00
Payments and Reversals Posted to Suspense	956.87
Total Collections	10,016.87
Less: Servicing Fees (not withheld from remittances)	(93.57	)
Net Collections	9,923.30

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of September 01, 2013 through September 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
9152013		30113702	HIWASSEE COLL		5,865.36		1,042.64		6,908.00		69,509.30		26.07
													—
													—
													—
													—
													—
													—
													—
													—
													—
													—
			TOTALS:		5,865.36		1,042.64		6,908.00		69,509.30		26.07
12012012		30117002	LONG ISLAND U		0.00		1,631.25		1,631.25		90,000.00		33.75	Paid 8/29/13
6012013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		33.75	Paid 8/29/13
											Service Fees due		93.57

Page 2 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of September 01, 2013 through September 30, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of September 01, 2013 through September 30, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of September 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30105701	CHAMPLAIN COLLEGE, INC.		3		6,651.40		12012013
30106904	COLLEGE OF SANTA FE		3		211,000.00		10012018
30109604	DRURY COLLEGE		3		38,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		251,964.00		7012018
30112902	HAMPSHIRE COLLEGE		3		58,200.12		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		529,918.70		1012017
30117402	LYCOMING COLLEGE		3.625		20,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		195,000.00		5012018
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		270,089.40		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,299,601.00		12012021
30123401	PAINE COLLEGE		3		260,000.00		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,101,797.00		1012022
30127402	ST MARY’S SCHOOL		3		164,000.00		6012020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		180,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		270,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		1,900,000.00		6012023
30140502	WITTENBERG UNIVERSITY		3		120,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE—HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		70,000.00		5012014
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		179,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		39,683.47		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		68,000.00		7012016
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		150,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		135,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		565,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		125,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30113702	HIWASSEE COLLEGE		3		69,509.30		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		71,789.48		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		117,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
	TOTALS:				19,244,203.86

Page 6 of 8

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of September 30, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30123401	PAINE COLLEGE		04/01/13		1,344.00		259,999.99
30125504	RIDER COLLEGE		05/01/13		274.96		160,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/13		26,789.48		71,789.48
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		07/01/13		996.87		55,000.00
TOTAL:					29,405.31		546,789.47

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of September 30, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of October 01, 2013 through October 31, 2013

Collections:
Principal Payments	220,245.43
Interest Payments	32,786.99
Total Principal and Interest Collections	253,032.42
Payments and Reversals Posted to Suspense	(956.87	)
Total Collections	252,075.55
Less: Servicing Fees (not withheld from remittances)	(1,124.40	)
Net Collections	250,951.15

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of October 01, 2013 through October 31, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
10012013		30101701	AZUSA PACIFIC		—		618.75		618.75		33,000.00		12.38
10012013		30106904	COLLEGE OF SA		36,000.00		3,165.00		39,165.00		211,000.00		79.13
10012013		30108202	DAEMEN COLLEG		—		2,025.00		2,025.00		135,000.00		50.63
10012013		30109604	DRURY COLLEGE		11,000.00		570.00		11,570.00		38,000.00		14.25
10012013		30110101	ELIZABETH CIT		25,000.00		1,875.00		26,875.00		125,000.00		46.88
10012013		30112002	GEORGE FOX CO		11,724.07		1,889.73		13,613.80		251,963.99		94.49
10012013		30116201	LASSEN JUNIOR		—		2,685.00		2,685.00		179,000.00		67.13
10012013		30117801	MARIAN COLLEG		35,000.00		2,250.00		37,250.00		150,000.00		56.25
10012013		30121101	NEW ENGLAND C		—		510.00		510.00		34,000.00		12.75
10012013		30123401	PAINE COLLEGE		62,000.00		3,900.00		65,900.00		261,343.99		98.00
10012013		30133201	UNIV STU COOP		—		8,550.00		8,550.00		570,000.00		213.75
10012013		30136801	UNIVERSITY OF		35,000.00		4,050.00		39,050.00		270,000.00		101.25
10012013		30137802	VILLANOVA UNI		—		6,375.00		6,375.00		425,000.00		159.38
			TOTALS:		215,724.07		38,463.48		254,187.55		2,683,307.98		1,006.27
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		97.50	paid 10/3/13
7012013		30121201	NEWARK BETH I		0.00		996.87		996.87		55,000.00		20.63	paid 10/3/13
											Service Fees due		1,124.40

Page 2 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of October 01, 2013 through October 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of October 01, 2013 through October 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of October 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30105701	CHAMPLAIN COLLEGE, INC.		3		6,651.40		12012013
30106904	COLLEGE OF SANTA FE		3		175,000.00		10012018
30109604	DRURY COLLEGE		3		27,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		240,239.90		7012018
30112902	HAMPSHIRE COLLEGE		3		58,200.12		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		529,918.70		1012017
30117402	LYCOMING COLLEGE		3.625		20,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		195,000.00		5012018
30119801	MILLSAPS COLLEGE		3		280,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		270,089.40		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,299,601.00		12012021
30123401	PAINE COLLEGE		3		199,344.00		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,101,797.00		1012022
30127402	ST MARY’S SCHOOL		3		164,000.00		6012020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		180,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		235,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		1,900,000.00		6012023
30140502	WITTENBERG UNIVERSITY		3		120,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		78,000.00		11012017
30102604	BENEDICT COLLEGE		3		816,000.00		11012020
30102803	BETHANY COLLEGE—HALL BOND 1967		3		95,000.00		11012017
30104102	CALIFORNIA STATE UNIVERSITY,		3		105,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,078,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		70,000.00		5012014
30112301	GEORGETOWN UNIVERSITY		3		1,277,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,405,000.00		11012020
30114001	HOOD COLLEGE		3.625		39,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		179,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		39,683.47		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		68,000.00		7012016
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		115,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		135,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		565,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		100,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		550,000.00		11012017
30113702	HIWASSEE COLLEGE		3		63,643.94		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		71,789.48		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125504	RIDER COLLEGE		3.625		160,000.00		11012013
30125506	RIDER COLLEGE		3		117,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		55,000.00		11012014
	TOTALS:				19,023,958.40

Page 6 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of October 31, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30125504	RIDER COLLEGE		05/01/13		274.96		160,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/13		26,789.48		71,789.48
TOTAL:					27,064.44		231,789.48

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of October 31, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of November 01, 2013 through November 30, 2013

Collections:
Principal Payments	2,064,038.31
Interest Payments	170,388.17
Total Principal and Interest Collections	2,234,426.48
Payments and Reversals Posted to Suspense	—
Total Collections	2,234,426.48
Less: Servicing Fees (not withheld from remittances)	(3,591.71	)
Net Collections	2,230,834.77

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of November 01, 2013 through November 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
11012013		30100103	ALABAMA AGRIC		—		8,475.00		8,475.00		565,000.00		211.88
11012013		30102604	BENEDICT COLL		92,000.00		12,240.00		104,240.00		816,000.00		306.00
11012013		30102803	BETHANY COLLE		15,000.00		1,425.00		16,425.00		95,000.00		35.63
11012013		30104102	CALIFORNIA ST		105,000.00		1,575.00		106,575.00		105,000.00		39.38
11012013		30104201	CALIFORNIA ST		140,000.00		16,170.00		156,170.00		1,078,000.00		404.25
11012013		30109502	DREXEL UNIVER		—		1,225.00		1,225.00		70,000.00		26.25
11012013		30110802	FAIRLEIGH DIC		100,000.00		8,250.00		108,250.00		550,000.00		206.25
11012013		30112301	GEORGETOWN UN		144,000.00		19,155.00		163,155.00		1,277,000.00		478.88
11012013		30112302	GEORGETOWN UN		375,000.00		68,100.00		443,100.00		3,405,000.00		1,276.88
11012013		30114001	HOOD COLLEGE		24,000.00		706.87		24,706.87		39,000.00		14.63
11012013		30117402	LYCOMING COLL		—		362.50		362.50		20,000.00		7.50
11012013		30117403	LYCOMING COLL		—		937.50		937.50		49,999.99		18.75
11012013		30117501	LYNCHBURG COL		—		1,087.50		1,087.50		58,000.00		21.75
11012013		30117502	LYNCHBURG COL		—		2,925.00		2,925.00		195,000.00		73.13
11012013		30118401	MARYMOUNT UNI		—		2,025.00		2,025.00		135,000.00		50.63
11012013		30119202	MERCER UNIVER		19,694.10		595.25		20,289.35		39,683.48		14.88
11012013		30119801	MILLSAPS COLL		28,000.00		4,200.00		32,200.00		280,000.00		105.00
11012013		30120601	MORGAN STATE		88,692.82		4,051.34		92,744.16		270,089.39		101.28
11012013		30125504	RIDER COLLEGE		160,000.00		2,900.00		162,900.00		160,000.00		60.00
11012013		30125506	RIDER COLLEGE		—		1,755.00		1,755.00		117,000.00		43.88
11012013		30128802	SETON HILL CO		27,000.00		996.87		27,996.87		55,000.00		20.63
11012013		30140502	WITTENBERG UN		—		1,800.00		1,800.00		120,000.00		45.00
11012013		30140503	WITTENBERG UN		15,000.00		1,170.00		16,170.00		78,000.00		29.25
			TOTALS:		1,333,386.92		162,127.83		1,495,514.75		9,577,772.86		3,591.71
											Service Fees due		3,591.71

Page 2 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of November 01, 2013 through November 30, 2013

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30105701		11/13/2013		6,751.73		6,651.40		100.33				12012013
30102604		11/1/2013		828,240.00		816,000.00		12,240.00				11012020
30104102		11/1/2013		106,575.00		105,000.00		1,575.00				11012013
30125504		11/1/2013		162,900.00		160,000.00		2,900.00				11012013
TOTALS:				1,104,466.73		1,087,651.40		16,815.33		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of November 01, 2013 through November 30, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of November 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	AUBURN UNIVERSITY		3		790,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4012015
30106904	COLLEGE OF SANTA FE		3		175,000.00		10012018
30109604	DRURY COLLEGE		3		27,000.00		4012015
30112002	GEORGE FOX COLLEGE		3		240,239.92		7012018
30112902	HAMPSHIRE COLLEGE		3		58,200.12		2012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		529,918.70		1012017
30117402	LYCOMING COLLEGE		3.625		20,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		195,000.00		5012018
30119801	MILLSAPS COLLEGE		3		252,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		690,000.00		12012020
30120601	MORGAN STATE UNIVERSTIY		3		181,396.57		11012014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.625		55,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,299,601.17		12012021
30123401	PAINE COLLEGE		3		199,343.99		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,101,797.15		1012022
30127402	ST MARY’S SCHOOL		3		164,000.00		6012020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		180,000.00		7012014
30136801	UNIVERSITY OF ST THOMAS		3		235,000.00		10012019
30137802	VILLANOVA UNIVERSITY		3		425,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		1,900,000.00		6012023
30140502	WITTENBERG UNIVERSITY		3		120,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		63,000.00		11012017
30102803	BETHANY COLLEGE—HALL BOND 1967		3		80,000.00		11012017
30104201	TRUST SERVICES DIVISION		3		938,000.00		11012019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		135,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		70,000.00		5012014
30112301	GEORGETOWN UNIVERSITY		3		1,133,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		3,030,000.00		11012020
30114001	HOOD COLLEGE		3.625		15,000.00		11012014
30116201	LASSEN JUNIOR COLLEGE		3		179,000.00		4012020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		19,989.38		5012014
30129101	SIMPSON COLLEGE—BOND 1966		3		68,000.00		7012016
30133201	UNIV STUDENT COOP HOUSING		3		570,000.00		4012019
30117801	MARIAN COLLEGE OF FOND DU LAC		3		115,000.00		10012016
30118401	MARYMOUNT UNIVERSITY		3		135,000.00		5012016
30100103	ALABAMA AGRICULTURAL		3		565,000.00		5012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		100,000.00		10012017
30110802	FAIRLEIGH DICKINSON UNIV		3		450,000.00		11012017
30113702	HIWASSEE COLLEGE		3		63,643.94		9152018
30117002	LONG ISLAND UNIVERSITY		3.625		71,789.48		6012014
30121101	NEW ENGLAND COLLEGE		3		34,000.00		4012016
30125506	RIDER COLLEGE		3		117,000.00		5012017
30128802	SETON HILL COLLEGE		3.625		28,000.00		11012014
	TOTALS:				16,959,920.41

Page 6 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of November 30, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30117002	LONG ISLAND UNIVERSITY		06/01/13		26,789.48		71,789.48
30123401	PAINE COLLEGE		10/01/13		1,344.00		199,343.99
TOTAL:					28,133.48		271,133.47

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of November 30, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Quarter Ended December 31, 2012

	October			November			December
Collections:
Principal Payments		621,416.00			1,300,548.41			549,940.18
Interest Payments		70,033.78			189,079.95			105,096.22
Total Principal and Interest Collections		691,449.78			1,489,628.36			655,036.40
Payments and Reversals Posted to Suspense		(220,462.35	)		155,343.79			(155,343.78	)
Total Collections		470,987.43			1,644,972.15			499,692.62
Less: Servicing Fees (not withheld from remittances)		(2,571.81	)		(4,324.38	)		(2,036.11	)
Net Collections		468,415.62			1,640,647.77			497,656.51

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended December 31, 2012

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
October
10012012		30101701	AZUSA PACIFIC		—		918.75		918.75		49,000.00		18.38
10012012		30106904	COLLEGE OF SA		36,000.00		3,705.00		39,705.00		247,000.00		92.63
10012012		30108202	DAEMEN COLLEG		—		2,625.00		2,625.00		175,000.00		65.63
10012012		30109604	DRURY COLLEGE		11,000.00		900.00		11,900.00		60,000.00		22.50
10012012		30110101	ELIZABETH CIT		25,000.00		2,250.00		27,250.00		150,000.00		56.25
10012012		30112002	GEORGE FOX CO		11,378.85		2,234.95		13,613.80		297,993.99		111.75
10012012		30117801	MARIAN COLLEG		35,000.00		2,775.00		37,775.00		185,000.00		69.38
10012012		30121101	NEW ENGLAND C		—		675.00		675.00		45,000.00		16.88
10012012		30123401	PAINE COLLEGE		60,000.00		4,800.00		64,800.00		319,999.99		120.00
10012012		30130903	STEPHEN F AUS		177,000.00		2,986.88		179,986.88		177,000.00		66.38
10012012		30133201	UNIV STU COOP		—		9,825.00		9,825.00		655,000.00		245.63
10012012		30136801	UNIVERSITY OF		35,000.00		4,575.00		39,575.00		305,000.00		114.38
10012012		30116201	LASSEN JUNIOR		—		3,060.00		3,060.00		204,000.00		76.50
10012012		30130301	SOUTHWEST TEX		165,000.00		10,275.00		175,275.00		685,000.00		256.88
10012012		30132904	TUFTS UNIVERS		107,000.00		18,480.00		125,480.00		1,232,000.00		462.00
10012012		30137802	VILLANOVA UNI		—		7,350.00		7,350.00		490,000.00		183.75
10012012		30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		16.88
			TOTALS:		662,378.85		78,223.08		740,601.93		5,321,993.98		1,995.80
9152012		30113702	HIWASSEE COLL		5,693.28		1,214.72		6,908.00		80,981.26		30.37
5012011		30125504	RIDER COLLEGE		—		8,246.87		8,246.87		455,000.00		170.63
11012011		30125504	RIDER COLLEGE		145,000.00		8,246.87		153,246.87		455,000.00		170.63
12012011		30117002	LONG ISLAND U		—		2,446.88		2,446.88		135,000.00		50.63
6012012		30117002	LONG ISLAND U		45,000.00		2,446.88		47,446.88		135,000.00		50.63
4012012		30123401	PAINE COLLEGE		—		4,800.00		4,800.00		319,999.99		120.00
10012012		30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		(16.88	)
													2,571.81

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended December 31, 2012

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
November
11012012		30100103	ALABAMA AGRIC		—		10,200.00		10,200.00		680,000.00		255.00
11012012		30102604	BENEDICT COLL		89,000.00		13,575.00		102,575.00		905,000.00		339.38
11012012		30102802	BETHANY COLLE		11,000.00		185.63		11,185.63		11,000.00		4.13
11012012		30102803	BETHANY COLLE		15,000.00		1,650.00		16,650.00		110,000.00		41.25
11012012		30102804	BETHANY COLLE		25,000.00		375.00		25,375.00		25,000.00		9.38
11012012		30104102	CALIFORNIA ST		100,000.00		3,075.00		103,075.00		205,000.00		76.88
11012012		30104201	CALIFORNIA ST		140,000.00		18,270.00		158,270.00		1,218,000.00		456.75
11012012		30109502	DREXEL UNIVER		—		2,975.00		2,975.00		170,000.00		63.75
11012012		30110401	EMMANUEL COLL		14,000.00		420.00		14,420.00		28,000.00		10.50
11012012		30110802	FAIRLEIGH DIC		100,000.00		9,750.00		109,750.00		650,000.00		243.75
11012012		30112301	GEORGETOWN UN		140,000.00		21,255.00		161,255.00		1,417,000.00		531.38
11012012		30112302	GEORGETOWN UN		360,000.00		75,300.00		435,300.00		3,765,000.00		1,411.88
11012012		30117402	LYCOMING COLL		—		725.00		725.00		40,000.00		15.00
11012012		30117403	LYCOMING COLL		—		1,406.25		1,406.25		74,999.99		28.12
11012012		30117501	LYNCHBURG COL		—		1,837.50		1,837.50		98,000.00		36.75
11012012		30117502	LYNCHBURG COL		—		3,525.00		3,525.00		235,000.00		88.13
11012012		30118401	MARYMOUNT UNI		—		2,625.00		2,625.00		175,000.00		65.63
11012012		30119202	MERCER UNIVER		19,116.31		1,173.04		20,289.35		78,202.84		29.33
11012012		30119801	MILLSAPS COLL		28,000.00		4,620.00		32,620.00		308,000.00		115.50
11012012		30120402	MORAVIAN COLL		20,000.00		337.50		20,337.50		20,000.00		7.50
11012012		30125506	RIDER COLLEGE		—		2,205.00		2,205.00		147,000.00		55.13
11012012		30127602	ST MICHAELS C		84,319.86		2,540.14		86,860.00		169,342.42		63.50
11012012		30128001	ST VINCENT CO		—		962.50		962.50		55,000.00		20.63
11012012		30130703	SPRINGFIELD C		—		140.00		140.00		8,000.00		3.00
11012012		30138702	WESLEY COLLEG		—		33.75		33.75		2,000.00		0.75
11012012		30140502	WITTENBERG UN		—		2,625.00		2,625.00		175,000.00		65.63
11012012		30140503	WITTENBERG UN		14,000.00		1,380.00		15,380.00		92,000.00		34.50
11012012		30104605	CARNEGIE-MELL		30,000.00		5,400.00		35,400.00		360,000.00		135.00
11012012		30114001	HOOD COLLEGE		23,000.00		1,123.75		24,123.75		62,000.00		23.25
11012012		30120601	MORGAN STATE		86,090.73		6,653.43		92,744.16		443,562.21		166.34
11012012		30125504	RIDER COLLEGE		150,000.00		5,618.75		155,618.75		310,000.00		116.25
11012012		30128802	SETON HILL CO		26,000.00		1,468.13		27,468.13		81,000.00		30.38
			TOTALS:		1,474,526.90		203,430.37		1,677,957.27		12,118,107.46		4,544.35
5012012		30125504	RIDER COLLEGE		—		5,618.75		5,618.75		310,000.00		116.25
11012012		30114001	HOOD COLLEGE		23,000.00		1,123.75		24,123.75		62,000.00		(23.25	)
11012012		30120601	MORGAN STATE		86,090.73		6,653.43		92,744.16		443,562.21		(166.34	)
11012012		30125504	RIDER COLLEGE		150,000.00		5,618.75		155,618.75		310,000.00		(116.25	)
11012012		30128802	SETON HILL CO		26,000.00		1,468.13		27,468.13		81,000.00		(30.38	)
													4,324.38
December
12012012		30101601	AUBURN UNIVER		120,000.00		13,650.00		133,650.00		910,000.00		341.25
12012012		30119903	MISSISSIPPI S		70,000.00		11,400.00		81,400.00		760,000.00		285.00
12012012		30121501	NORFOLK STATE		65,697.07		21,479.71		87,176.78		1,431,980.76		536.99
12012012		30127402	ST MARY’S COL		11,000.00		2,790.00		13,790.00		186,000.00		69.75
12012012		30137901	VINCENNES UNI		—		30,900.00		30,900.00		2,060,000.00		772.50
12012012		30105701	CHAMPLAIN COL		6,456.03		294.90		6,750.93		19,660.29		7.37
12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75
			TOTALS:		273,153.10		82,145.86		355,298.96		5,457,641.05		2,046.61
11-01-2012		30114001	HOOD COLLEGE		23,000.00		1,123.75		24,123.75		62,000.00		23.25
12-01-2012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		(33.75	)
													2,036.11
TOTALS FOR QTR					2,410,058.85		363,799.31		2,773,858.16		22,897,742.49		8,932.30

Berkadia Commercial Mortgage

College and University Loan Trust II

Paid In Full Loan Schedule

For the Quarter Ended December 31, 2012

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30130903		10/1/2012		179,986.88		177,000.00		2,986.88				10012012
30102802		11/6/2012		11,185.63		11,000.00		185.63				11012012
30102804		11/6/2012		25,375.00		25,000.00		375.00				11012012
30120402		11/1/2012		20,337.50		20,000.00		337.50				11012012
TOTALS				236,885.01		233,000.00		3,885.01		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Quarter Ended December 31, 2012

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount
30121501		10/12/2012		0.08		0.08		—
TOTAL:				0.08		0.08		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended December 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
October
30100103	ALABAMA AGRICULTURAL		3.00		680,000.00		5-01-2018
30101601	AUBURN UNIVERSITY		3.00		910,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4-01-2015
30102604	BENEDICT COLLEGE		3.00		905,000.00		11-01-2020
30102802	BETHANY COLLEGE—DORM BOND		3.38		11,000.00		11-01-2012
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		110,000.00		11-01-2017
30102804	BETHANY COLLEGE—NOTE OF 1973		3.00		25,000.00		11-01-2012
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		205,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,218,000.00		11-01-2019
30104605	CARNEGIE MELLON		3.00		330,000.00		11-01-2017
30105701	CHAMPLAIN COLLEGE, INC.		3.00		19,660.29		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		175,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		170,000.00		5-01-2014
30109604	DRURY COLLEGE		3.00		49,000.00		4-01-2015
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110401	EMMANUEL COLLEGE		3.00		28,000.00		11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV		3.00		650,000.00		11-01-2017
30112002	GEORGE FOX COLLEGE		3.00		286,615.14		7-01-2018
30112301	GEORGETOWN UNIVERSITY		3.00		1,417,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,765,000.00		11-01-2020
30112901	HAMPSHIRE COLLEGE		3.00		33,085.39		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		172,033.35		2-01-2014
30113702	HIWASSEE COLLEGE		3.00		75,287.98		9-15-2018
30114001	HOOD COLLEGE		3.63		62,000.00		11-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		695,872.31		1-01-2017
30116201	LASSEN JUNIOR COLLEGE		3.00		204,000.00		4-01-2020
30117002	LONG ISLAND UNIVERSITY		3.63		116,789.48		6-01-2014
30117402	LYCOMING COLLEGE		3.63		40,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		235,000.00		5-01-2018
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		175,000.00		5-01-2016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		78,202.84		5-01-2014
30119801	MILLSAPS COLLEGE		3.00		308,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		760,000.00		12-01-2020
30120402	MORAVIAN COLLEGE		3.38		20,000.00		11-01-2012
30120601	MORGAN STATE UNIVERSTIY		3.00		443,562.21		11-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		45,000.00		4-01-2016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		110,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,431,980.76		12-01-2021
30123401	PAINE COLLEGE		3.00		259,999.99		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,214,028.17		1-01-2022
30125504	RIDER COLLEGE		3.63		444,656.21		11-01-2013
30125506	RIDER COLLEGE		3.00		147,000.00		5-01-2017
30127402	ST MARY’S SCHOOL		3.00		186,000.00		6-01-2020
30127602	SAINT MICHAELS COLLEGE		3.00		169,342.42		5-01-2013
30128001	SAINT VINCENT COLLEGE		3.50		55,000.00		5-01-2013
30128802	SETON HILL COLLEGE		3.63		81,000.00		11-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00		7-01-2016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		520,000.00		10-01-2015
30130703	SPRINGFIELD COLLEGE		3.50		8,000.00		5-01-2013
30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
30133201	UNIV STUDENT COOP HOUSING		3.00		655,000.00		4-01-2019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		490,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00		6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00		5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		175,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		92,000.00		11-01-2017
	TOTALS:				24,072,116.53

Page 6 of 10

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended December 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
November
30100103	ALABAMA AGRICULTURAL		3.00		680,000.00		5-01-2018
30101601	AUBURN UNIVERSITY		3.00		910,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4-01-2015
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30104605	CARNEGIE MELLON		3.00		330,000.00		11-01-2017
30105701	CHAMPLAIN COLLEGE, INC.		3.00		13,204.26		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30108202	DAEMEN COLLEGE (ROSARY HILL COLLEGE)		3.00		175,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		170,000.00		5-01-2014
30109604	DRURY COLLEGE		3.00		49,000.00		4-01-2015
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110401	EMMANUEL COLLEGE		3.00		14,000.00		11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30112002	GEORGE FOX COLLEGE		3.00		286,615.14		7-01-2018
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30112901	HAMPSHIRE COLLEGE		3.00		33,085.39		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		172,033.35		2-01-2014
30113702	HIWASSEE COLLEGE		3.00		75,287.98		9-15-2018
30114001	HOOD COLLEGE		3.63		62,000.00		11-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		695,872.31		1-01-2017
30116201	LASSEN JUNIOR COLLEGE		3.00		204,000.00		4-01-2020
30117002	LONG ISLAND UNIVERSITY		3.63		116,789.48		6-01-2014
30117402	LYCOMING COLLEGE		3.63		40,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		235,000.00		5-01-2018
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		175,000.00		5-01-2016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		59,086.53		5-01-2014
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		760,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		443,562.21		11-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		45,000.00		4-01-2016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		110,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,431,980.76		12-01-2021
30123401	PAINE COLLEGE		3.00		259,999.99		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,214,028.17		1-01-2022
30125504	RIDER COLLEGE		3.63		310,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		147,000.00		5-01-2017
30127402	ST MARY’S SCHOOL		3.00		186,000.00		6-01-2020
30127602	SAINT MICHAELS COLLEGE		3.00		85,022.56		5-01-2013
30128001	SAINT VINCENT COLLEGE		3.50		55,000.00		5-01-2013
30128802	SETON HILL COLLEGE		3.63		81,000.00		11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966		3.00		90,000.00		7-01-2016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		520,000.00		10-01-2015
30130703	SPRINGFIELD COLLEGE		3.50		8,000.00		5-01-2013
30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
30133201	UNIV STUDENT COOP HOUSING		3.00		655,000.00		4-01-2019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		490,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00		6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00		5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		175,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
	TOTALS:				22,771,568.12

Page 7 of 10

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended December 31, 2012

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
December
30100103	ALABAMA AGRICULTURAL		3.00		680,000.00		5-01-2018
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4-01-2015
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30104605	CARNEGIE MELLON		3.00		330,000.00		11-01-2017
30105701	CHAMPLAIN COLLEGE, INC.		3.00		13,204.26		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		175,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		170,000.00		5-01-2014
30109604	DRURY COLLEGE		3.00		49,000.00		4-01-2015
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110401	EMMANUEL COLLEGE		3.00		14,000.00		11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30112002	GEORGE FOX COLLEGE		3.00		275,151.00		7-01-2018
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30112901	HAMPSHIRE COLLEGE		3.00		16,665.59		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		172,033.40		2-01-2014
30113702	HIWASSEE COLLEGE		3.00		75,287.98		9-15-2018
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		613,513.20		1-01-2017
30116201	LASSEN JUNIOR COLLEGE		3.00		204,000.00		4-01-2020
30117002	LONG ISLAND UNIVERSITY		3.63		116,789.50		6-01-2014
30117402	LYCOMING COLLEGE		3.63		40,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		235,000.00		5-01-2018
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		175,000.00		5-01-2016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		59,086.53		5-01-2014
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		443,562.20		11-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		45,000.00		4-01-2016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		110,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,366,284.00		12-01-2021
30123401	PAINE COLLEGE		3.00		260,000.00		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,214,028.00		1-01-2022
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		147,000.00		5-01-2017
30127402	ST MARY’S SCHOOL		3.00		175,000.00		6-01-2020
30127602	SAINT MICHAELS COLLEGE		3.00		85,022.56		5-01-2013
30128001	SAINT VINCENT COLLEGE		3.50		55,000.00		5-01-2013
30128802	SETON HILL COLLEGE		3.63		81,000.00		11-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00		7-01-2016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		520,000.00		10-01-2015
30130703	SPRINGFIELD COLLEGE		3.50		8,000.00		5-01-2013
30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
30133201	UNIV STUDENT COOP HOUSING		3.00		655,000.00		4-01-2019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		490,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00		6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00		5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		175,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
	TOTALS:				22,221,628.21

Page 8 of 10

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

For the Quarter Ended December 31, 2012

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		93,487.50		130,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/12		28,420.73		116,789.48
30123401	PAINE COLLEGE		10/01/12		1,344.00		259,999.99
30120601	MORGAN STATE		11/01/12		92,744.16		443,562.21
30125504	RIDER COLLEGE		11/01/12		274.96		160,000.00
30128802	SETON HILL COLLEGE		11/01/12		27,468.13		81,000.00
TOTAL:					243,739.48		1,191,351.68

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

For the Quarter Ended December 31, 2012

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Quarter Ended March 31, 2013

Collections:

	January			February			March
Principal Payments		280,912.68			0.01			5,778.68
Interest Payments		32,256.23			—			1,129.32
Total Principal and Interest Collections		313,168.91			0.01			6,908.00
Payments and Reversals Posted to Suspense		—			(0.01	)		527,800.00
Total Collections		313,168.91			—			534,708.00
Less: Servicing Fees (not withheld from remittances)		(1,357.20	)		(64.51	)		(28.23	)
Net Collections		311,811.71			(64.51	)		534,679.77

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended March 31, 2013

Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
January
1012013	30112002	GEORGE FOX CO		11,464.19		2,149.61		13,613.80		286,615.14		107.48
1012013	30112901	HAMPSHIRE COL		16,419.80		496.28		16,916.08		33,085.39		12.41
1012013	30114802	INTER AMERICA		82,359.12		10,438.08		92,797.20		695,872.31		260.95
1012013	30121201	NEWARK BETH I		55,000.00		1,993.75		56,993.75		110,000.00		41.25
1012013	30123701	PHILADELPHIA		55,697.78		18,210.42		73,908.20		1,214,028.17		455.26
1012013	30129101	SIMPSON COLLE		—		1,350.00		1,350.00		90,000.00		33.75
1012013	30134402	UNIVERSITY OF		—		5,325.00		5,325.00		355,000.00		133.13
		TOTALS:		220,940.89		39,963.14		260,904.03		2,784,601.01		1,044.23
11012012	30120601	MORGAN STATE		86,090.73		6,653.43		92,744.16		443,562.21		166.34
11012012	30125504	RIDER COLLEGE		150,000.00		5,618.75		155,618.75		310,000.00		116.25
11012012	30128802	SETON HILL CO		26,000.00		1,468.13		27,468.13		81,000.00		30.38
												1,357.20
February
2012013	30112902	HAMPSHIRE COL		56,492.92		2,580.50		59,073.42		172,033.40		64.51
		TOTALS:		56,492.92		2,580.50		59,073.42		172,033.40		64.51
												64.51
March
3152013	30113702	HIWASSEE COLL		5,778.68		1,129.32		6,908.00		75,287.98		28.23
		TOTALS:		5,778.68		1,129.32		6,908.00		75,287.98		28.23
												28.23
TOTALS FOR QTR				283,212.49		43,672.96		326,885.45		3,031,922.39		1,449.94

Berkadia Commercial Mortgage

College and University Loan Trust II

Paid In Full Loan Schedule

For the Quarter Ended March 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Quarter Ended March 31, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended March 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
January
30100103	ALABAMA AGRICULTURAL		3.00		680,000.00		5-01-2018
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4-01-2015
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30104605	CARNEGIE MELLON		3.00		330,000.00		11-01-2017
30105701	CHAMPLAIN COLLEGE, INC.		3.00		13,204.26		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		175,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		170,000.00		5-01-2014
30109604	DRURY COLLEGE		3.00		49,000.00		4-01-2015
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110401	EMMANUEL COLLEGE		3.00		14,000.00		11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30112002	GEORGE FOX COLLEGE		3.00		275,150.95		7-01-2018
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30112901	HAMPSHIRE COLLEGE		3.00		16,665.59		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		115,540.43		2-01-2014
30113702	HIWASSEE COLLEGE		3.00		75,287.98		9-15-2018
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		613,513.19		1-01-2017
30116201	LASSEN JUNIOR COLLEGE		3.00		204,000.00		4-01-2020
30117002	LONG ISLAND UNIVERSITY		3.63		115,158.23		6-01-2014
30117402	LYCOMING COLLEGE		3.63		40,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		235,000.00		5-01-2018
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		175,000.00		5-01-2016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		59,086.53		5-01-2014
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		357,471.48		11-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		45,000.00		4-01-2016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,366,283.69		12-01-2021
30123401	PAINE COLLEGE		3.00		259,999.99		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,158,330.39		1-01-2022
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		147,000.00		5-01-2017
30127402	ST MARY’S SCHOOL		3.00		175,000.00		6-01-2020
30127602	SAINT MICHAELS COLLEGE		3.00		85,022.56		5-01-2013
30128001	SAINT VINCENT COLLEGE		3.50		55,000.00		5-01-2013
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00		7-01-2016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		520,000.00		10-01-2015
30130703	SPRINGFIELD COLLEGE		3.50		8,000.00		5-01-2013
30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
30133201	UNIV STUDENT COOP HOUSING		3.00		655,000.00		4-01-2019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		490,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00		6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00		5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		175,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
	TOTALS:				21,940,715.26

Page 5 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended March 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
February
30100103	ALABAMA AGRICULTURAL		3.00		680,000.00		5-01-2018
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00		4-01-2015
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30104605	CARNEGIE MELLON		3.00		330,000.00		11-01-2017
30105701	CHAMPLAIN COLLEGE, INC.		3.00		13,204.26		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		175,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		170,000.00		5-01-2014
30109604	DRURY COLLEGE		3.00		49,000.00		4-01-2015
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110401	EMMANUEL COLLEGE		3.00		14,000.00		11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30112002	GEORGE FOX COLLEGE		3.00		275,151.00		7-01-2018
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30112901	HAMPSHIRE COLLEGE		3.00		16,665.59		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		115,540.40		2-01-2014
30113702	HIWASSEE COLLEGE		3.00		75,287.98		9-15-2018
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		613,513.20		1-01-2017
30116201	LASSEN JUNIOR COLLEGE		3.00		204,000.00		4-01-2020
30117002	LONG ISLAND UNIVERSITY		3.63		115,158.20		6-01-2014
30117402	LYCOMING COLLEGE		3.63		40,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		235,000.00		5-01-2018
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		175,000.00		5-01-2016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		59,086.53		5-01-2014
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		357,471.50		11-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		45,000.00		4-01-2016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,366,284.00		12-01-2021
30123401	PAINE COLLEGE		3.00		260,000.00		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,158,330.00		1-01-2022
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		147,000.00		5-01-2017
30127402	ST MARY’S SCHOOL		3.00		175,000.00		6-01-2020
30127602	SAINT MICHAELS COLLEGE		3.00		85,022.56		5-01-2013
30128001	SAINT VINCENT COLLEGE		3.50		55,000.00		5-01-2013
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00		7-01-2016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		520,000.00		10-01-2015
30130703	SPRINGFIELD COLLEGE		3.50		8,000.00		5-01-2013
30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
30133201	UNIV STUDENT COOP HOUSING		3.00		655,000.00		4-01-2019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		490,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00		6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00		5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		175,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
	TOTALS:				21,940,715.21

Page 6 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended March 31, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
March
30100103	ALABAMA AGRICULTURAL		3.00		680,000.00	5-01-2018
30101601	AUBURN UNIVERSITY		3.00		790,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		49,000.00	4-01-2015
30102604	BENEDICT COLLEGE		3.00		816,000.00	11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00	11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00	11-01-2019
30104605	CARNEGIE MELLON		3.00		330,000.00	11-01-2017
30105701	CHAMPLAIN COLLEGE, INC.		3.00		13,204.26	12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00	10-01-2018
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		175,000.00	4-01-2016
30109502	DREXEL UNIVERSITY		3.50		170,000.00	5-01-2014
30109604	DRURY COLLEGE		3.00		49,000.00	4-01-2015
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00	10-01-2017
30110401	EMMANUEL COLLEGE		3.00		14,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00	11-01-2017
30112002	GEORGE FOX COLLEGE		3.00		275,150.95	7-01-2018
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE		3.00		16,665.59	7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		115,540.43	2-01-2014
30113702	HIWASSEE COLLEGE		3.00		69,509.30	9-15-2018
30114001	HOOD COLLEGE		3.63		39,000.00	11-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		613,513.19	1-01-2017
30116201	LASSEN JUNIOR COLLEGE		3.00		204,000.00	4-01-2020
30117002	LONG ISLAND UNIVERSITY		3.63		115,158.23	6-01-2014
30117402	LYCOMING COLLEGE		3.63		40,000.00	5-01-2014
30117403	LYCOMING COLLEGE		3.75		74,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		235,000.00	5-01-2018
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00	10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		175,000.00	5-01-2016
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		59,086.53	5-01-2014
30119801	MILLSAPS COLLEGE		3.00		280,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00	12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		357,471.48	11-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		45,000.00	4-01-2016
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,366,283.68	12-01-2021
30123401	PAINE COLLEGE		3.00		259,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,158,330.39	1-01-2022
30125504	RIDER COLLEGE		3.63		160,000.00	11-01-2013
30125506	RIDER COLLEGE		3.00		147,000.00	5-01-2017
30127402	ST MARY’S SCHOOL		3.00		175,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE		3.00		85,022.56	5-01-2013
30128001	SAINT VINCENT COLLEGE		3.50		55,000.00	5-01-2013
30128802	SETON HILL COLLEGE		3.63		55,000.00	11-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00	7-01-2016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		520,000.00	10-01-2015
30130703	SPRINGFIELD COLLEGE		3.50		8,000.00	5-01-2013
30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00	4-01-2013
30133201	UNIV STUDENT COOP HOUSING		3.00		655,000.00	4-01-2019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00	7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00	10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		490,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00	6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00	5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		175,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00	11-01-2017
	TOTALS:				21,934,936.57

Page 7 of 9

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

For the Quarter Ended March 31, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		93,487.50		130,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/12		26,789.48		115,158.23
30123401	PAINE COLLEGE		10/01/12		1,344.00		259,999.99
30125504	RIDER COLLEGE		11/01/12		274.96		160,000.00
TOTAL:					121,895.94		665,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

For the Quarter Ended March 31, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Quarter Ended June 30, 2013

Collections:

	April			May			June
Principal Payments		922,550.17			1,062,360.57			414,682.51
Interest Payments		58,264.25			177,191.91			81,578.02
Total Principal and Interest Collections		980,814.42			1,239,552.48			496,260.53
Payments and Reversals Posted to Suspense		(522,835.95	)		(1,030.30	)		(33.75	)
Total Collections		457,978.47			1,238,522.18			496,226.78
Less: Servicing Fees (not withheld from remittances)		(1,329.10	)		(4,067.14	)		(1,911.19	)
Net Collections		456,649.37			1,234,455.04			494,315.59

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended June 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
April
4012013		30101701	AZUSA PACIFIC		16,000.00		918.75		16,918.75		49,000.00		18.38
4012013		30106904	COLLEGE OF SA		—		3,165.00		3,165.00		211,000.00		79.13
4012013		30108202	DAEMEN COLLEG		40,000.00		2,625.00		42,625.00		175,000.00		65.63
4012013		30109604	DRURY COLLEGE		11,000.00		735.00		11,735.00		49,000.00		18.38
4012013		30110101	ELIZABETH CIT		—		1,875.00		1,875.00		125,000.00		46.88
4012013		30112002	GEORGE FOX CO		11,550.17		2,063.63		13,613.80		275,150.95		103.18
4012013		30117801	MARIAN COLLEG		—		2,250.00		2,250.00		150,000.00		56.25
4012013		30121101	NEW ENGLAND C		11,000.00		675.00		11,675.00		45,000.00		16.88
4012013		30132402	TEXAS SOUTHER		45,000.00		787.50		45,787.50		45,000.00		16.88
4012013		30133201	UNIV STU COOP		85,000.00		9,825.00		94,825.00		655,000.00		245.63
4012013		30136801	UNIVERSITY OF		—		4,050.00		4,050.00		270,000.00		101.25
4012013		30137802	VILLANOVA UNI		65,000.00		7,350.00		72,350.00		490,000.00		183.75
4012013		30130301	SOUTHWEST TEX		—		7,800.00		7,800.00		520,000.00		195.00
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		97.50
4012013		30116201	LASSEN JUNIOR		25,000.00		3,060.00		28,060.00		204,000.00		76.50
			TOTALS:		309,550.17		51,079.88		360,630.05		3,523,150.94		1,321.22
10012010		30132402	TEXAS SOUTHER		—		2,275.00		2,275.00		130,000.00		48.75		PAID OFF
4012011		30132402	TEXAS SOUTHER		40,000.00		2,275.00		42,275.00		130,000.00		48.75		PAID OFF
10012011		30132402	TEXAS SOUTHER		—		1,575.00		1,575.00		90,000.00		33.75		PAID OFF
4012012		30132402	TEXAS SOUTHER		45,000.00		1,575.00		46,575.00		90,000.00		33.75		PAID OFF
10012012		30132402	TEXAS SOUTHER		—		787.50		787.50		45,000.00		16.88		PAID OFF
4012013		30123401	PAINE COLLEGE		—		3,900.00		3,900.00		259,999.99		(97.50	)	unpaid
4012013		30116201	LASSEN JUNIOR		25,000.00		3,060.00		28,060.00		204,000.00		(76.50	)	unpaid
													1,329.10

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended June 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
May
5012013		30100103	ALABAMA AGRIC		115,000.00		10,200.00		125,200.00		680,000.00		255.00
5012013		30102604	BENEDICT COLL		—		12,240.00		12,240.00		816,000.00		306.00
5012013		30102803	BETHANY COLLE		—		1,425.00		1,425.00		95,000.00		35.63
5012013		30104102	CALIFORNIA ST		—		1,575.00		1,575.00		105,000.00		39.38
5012013		30104201	CALIFORNIA ST		—		16,170.00		16,170.00		1,078,000.00		404.25
5012013		30104605	CARNEGIE-MELL		33,000.00		4,950.00		37,950.00		330,000.00		123.75
5012013		30109502	DREXEL UNIVER		100,000.00		2,975.00		102,975.00		170,000.00		63.75
5012013		30110401	EMMANUEL COLL		—		210.00		210.00		14,000.00		5.25
5012013		30110802	FAIRLEIGH DIC		—		8,250.00		8,250.00		550,000.00		206.25
5012013		30112301	GEORGETOWN UN		—		19,155.00		19,155.00		1,277,000.00		478.88
5012013		30112302	GEORGETOWN UN		—		68,100.00		68,100.00		3,405,000.00		1,276.88
5012013		30117402	LYCOMING COLL		20,000.00		725.00		20,725.00		40,000.00		15.00
5012013		30117403	LYCOMING COLL		25,000.00		1,406.25		26,406.25		74,999.99		28.12
5012013		30117501	LYNCHBURG COL		40,000.00		1,837.50		41,837.50		98,000.00		36.75
5012013		30117502	LYNCHBURG COL		40,000.00		3,525.00		43,525.00		235,000.00		88.13
5012013		30118401	MARYMOUNT UNI		40,000.00		2,625.00		42,625.00		175,000.00		65.63
5012013		30119202	MERCER UNIVER		19,403.05		886.30		20,289.35		59,086.53		22.16
5012013		30119801	MILLSAPS COLL		—		4,200.00		4,200.00		280,000.00		105.00
5012013		30120601	MORGAN STATE		87,382.09		5,362.07		92,744.16		357,471.48		134.05
5012013		30125504	RIDER COLLEGE		—		2,900.00		2,900.00		160,000.00		60.00
5012013		30125506	RIDER COLLEGE		30,000.00		2,205.00		32,205.00		147,000.00		55.13
5012013		30127602	ST MICHAELS C		85,022.56		1,275.34		86,297.90		85,022.56		31.88
5012013		30128001	ST VINCENT CO		55,000.00		962.50		55,962.50		55,000.00		20.63
5012013		30128802	SETON HILL CO		—		996.87		996.87		55,000.00		20.63
5012013		30130703	SPRINGFIELD C		8,000.00		140.00		8,140.00		8,000.00		3.00
5012013		30140502	WITTENBERG UN		55,000.00		2,625.00		57,625.00		175,000.00		65.63
5012013		30140503	WITTENBERG UN		—		1,170.00		1,170.00		78,000.00		29.25
5012013		30114001	HOOD COLLEGE		—		706.87		706.87		39,000.00		14.63
5012013		30138702	WESLEY COLLEG		2,000.00		33.75		2,033.75		2,000.00		0.75
			TOTALS:		754,807.70		178,832.45		933,640.15		10,643,580.56		3,991.39
4012013		30116201	LASSEN JUNIOR		25,000.00		3,060.00		28,060.00		204,000.00		76.50		paid 5/2/13
5012013		30138702	WESLEY COLLEG		2,000.00		33.75		2,033.75		2,000.00		(0.75	)	UNPAID
													4,067.14

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended June 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
June
6012013		30101601	AUBURN UNIVER		—		11,850.00		11,850.00		790,000.00		296.25
6012013		30105701	CHAMPLAIN COL		6,552.86		198.07		6,750.93		13,204.26		4.95
6012013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		33.75
6012013		30119903	MISSISSIPPI S		—		10,350.00		10,350.00		690,000.00		258.75
6012013		30121501	NORFOLK STATE		66,682.52		20,494.26		87,176.78		1,366,283.69		512.36
6012013		30127402	ST MARY’S COL		11,000.00		2,625.00		13,625.00		175,000.00		65.63
6012013		30137901	VINCENNES UNI		160,000.00		30,900.00		190,900.00		2,060,000.00		772.50
			TOTALS:		289,235.38		78,048.58		367,283.96		5,184,487.95		1,944.19
5-01-2013		30138702	WESLEY COLLEG		2,000.00		33.75		2,033.75		2,000.00		0.75		PAID OFF 6/10/13
6-01-2013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		(33.75	)	unpaid
													1,911.19
TOTALS FOR QTR					1,353,593.25		307,960.91		1,661,554.16		19,351,219.45		7,307.43

Berkadia Commercial Mortgage

College and University Loan Trust II

Paid In Full Loan Schedule

For the Quarter Ended June 30, 2013

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30130301		4/1/2013		527,800.00		520,000.00		7,800.00				10012015
30132402		4/22/2013		45,787.50		45,000.00		787.50				4012013
30104605		5/21/2013		297,792.00		297,000.00		792.00				11012017
30127602		5/9/2013		86,297.90		85,022.56		1,275.34				5012013
30128001		5/14/2013		55,962.50		55,000.00		962.50				5012013
30130703		5/1/2013		8,140.00		8,000.00		140.00				5012013
30110401		5/1/2013		14,210.00		14,000.00		210.00				11012013
30138702		6/10/2013		2,033.75		2,000.00		33.75				5012013
TOTALS				1,038,023.65		1,026,022.56		12,001.09		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Quarter Ended June 30, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended June 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
April
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4-01-2015
30104605	CARNEGIE MELLON		3.00		297,000.00		11-01-2017
30105701	CHAMPLAIN COLLEGE, INC.		3.00		13,204.26		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30109604	DRURY COLLEGE		3.00		38,000.00		4-01-2015
30112002	GEORGE FOX COLLEGE		3.00		263,600.78		7-01-2018
30112901	HAMPSHIRE COLLEGE		3.00		16,665.59		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		115,540.43		2-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		613,513.19		1-01-2017
30117402	LYCOMING COLLEGE		3.63		40,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		74,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		98,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		235,000.00		5-01-2018
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		357,471.48		11-01-2014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,366,283.68		12-01-2021
30123401	PAINE COLLEGE		3.00		259,999.99		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,158,330.39		1-01-2022
30127402	ST MARY’S SCHOOL		3.00		175,000.00		6-01-2020
30127602	SAINT MICHAELS COLLEGE		3.00		85,022.56		5-01-2013
30128001	SAINT VINCENT COLLEGE		3.50		55,000.00		5-01-2013
30130703	SPRINGFIELD COLLEGE		3.50		8,000.00		5-01-2013
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		425,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00		6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00		5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		175,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		135,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		170,000.00		5-01-2014
30110401	EMMANUEL COLLEGE		3.00		14,000.00		11-01-2013
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30116201	LASSEN JUNIOR COLLEGE		3.00		204,000.00		4-01-2020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		59,086.53		5-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00		7-01-2016
30133201	UNIV STUDENT COOP HOUSING		3.00		570,000.00		4-01-2019
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		175,000.00		5-01-2016
30100103	ALABAMA AGRICULTURAL		3.00		680,000.00		5-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30113702	HIWASSEE COLLEGE		3.00		69,509.30		9-15-2018
30117002	LONG ISLAND UNIVERSITY		3.63		115,158.23		6-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		34,000.00		4-01-2016
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		147,000.00		5-01-2017
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
	TOTALS:				21,012,386.40

Page 9 of 13

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended June 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
May
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4-01-2015
30105701	CHAMPLAIN COLLEGE, INC.		3.00		6,651.40		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30109604	DRURY COLLEGE		3.00		38,000.00		4-01-2015
30112002	GEORGE FOX COLLEGE		3.00		263,600.80		7-01-2018
30112901	HAMPSHIRE COLLEGE		3.00		16,665.59		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		115,540.40		2-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		613,513.20		1-01-2017
30117402	LYCOMING COLLEGE		3.63		20,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		195,000.00		5-01-2018
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		270,089.40		11-01-2014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,366,284.00		12-01-2021
30123401	PAINE COLLEGE		3.00		260,000.00		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,158,330.00		1-01-2022
30127402	ST MARY’S SCHOOL		3.00		175,000.00		6-01-2020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		355,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		425,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		2,060,000.00		6-01-2023
30138702	WESLEY COLLEGE		3.38		2,000.00		5-01-2013
30140502	WITTENBERG UNIVERSITY		3.00		120,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE —HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		135,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		70,000.00		5-01-2014
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30116201	LASSEN JUNIOR COLLEGE		3.00		179,000.00		4-01-2020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		39,683.47		5-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00		7-01-2016
30133201	UNIV STUDENT COOP HOUSING		3.00		570,000.00		4-01-2019
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		135,000.00		5-01-2016
30100103	ALABAMA AGRICULTURAL		3.00		565,000.00		5-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30113702	HIWASSEE COLLEGE		3.00		69,509.30		9-15-2018
30117002	LONG ISLAND UNIVERSITY		3.63		115,158.20		6-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		34,000.00		4-01-2016
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		117,000.00		5-01-2017
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
	TOTALS:				19,950,025.75

Page 10 of 13

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended June 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
June
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4-01-2015
30105701	CHAMPLAIN COLLEGE, INC.		3.00		6,651.40		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30109604	DRURY COLLEGE		3.00		38,000.00		4-01-2015
30112002	GEORGE FOX COLLEGE		3.00		263,600.78		7-01-2018
30112901	HAMPSHIRE COLLEGE		3.00		16,665.59		7-01-2013
30112902	HAMPSHIRE COLLEGE		3.00		115,540.43		2-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		613,513.19		1-01-2017
30117402	LYCOMING COLLEGE		3.63		20,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		195,000.00		5-01-2018
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		270,089.39		11-01-2014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,299,601.17		12-01-2021
30123401	PAINE COLLEGE		3.00		259,999.99		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,158,330.39		1-01-2022
30127402	ST MARY’S SCHOOL		3.00		164,000.00		6-01-2020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		180,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		425,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		1,900,000.00		6-01-2023
30140502	WITTENBERG UNIVERSITY		3.00		120,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		135,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		70,000.00		5-01-2014
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30116201	LASSEN JUNIOR COLLEGE		3.00		179,000.00		4-01-2020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		39,683.47		5-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		90,000.00		7-01-2016
30133201	UNIV STUDENT COOP HOUSING		3.00		570,000.00		4-01-2019
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		135,000.00		5-01-2016
30100103	ALABAMA AGRICULTURAL		3.00		565,000.00		5-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30113702	HIWASSEE COLLEGE		3.00		69,509.30		9-15-2018
30117002	LONG ISLAND UNIVERSITY		3.63		115,158.23		6-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		34,000.00		4-01-2016
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		117,000.00		5-01-2017
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
	TOTALS:				19,535,343.32

Page 11 of 13

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

For the Quarter Ended June 30, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30117002	LONG ISLAND UNIVERSITY		06/01/12		73,420.73		115,158.23
30123401	PAINE COLLEGE		10/01/12		5,244.00		259,999.99
30125504	RIDER COLLEGE		05/01/13		274.96		160,000.00
TOTAL:					78,939.69		535,158.22

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

For the Quarter Ended June 30, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Quarter Ended September 30, 2013

Collections:

	July			August			September
Principal Payments		247,770.42			43,368.75			—
Interest Payments		31,887.77			7,162.50			9,060.00
Total Principal and Interest Collections		279,658.19			50,531.25			9,060.00
Payments and Reversals Posted to Suspense		—			(3,900.00	)		956.87
Total Collections		279,658.19			46,631.25			10,016.87
Less: Servicing Fees (not withheld from remittances)		(936.42	)		(43.33	)		(93.57	)
Net Collections		278,721.77			46,587.92			9,923.30

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended September 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
July
7012013		30112002	GEORGE FOX CO		11,636.79		1,977.01		13,613.80		263,600.78		98.85
7012013		30112901	HAMPSHIRE COL		16,665.59		249.98		16,915.57		16,665.59		6.25
7012013		30114802	INTER AMERICA		83,594.49		9,202.71		92,797.20		613,513.19		230.07
7012013		30121201	NEWARK BETH I		—		996.87		996.87		55,000.00		20.63
7012013		30123701	PHILADELPHIA		56,533.24		17,374.96		73,908.20		1,158,330.39		434.37
7012013		30129101	SIMPSON COLLE		22,000.00		1,350.00		23,350.00		90,000.00		33.75
7012013		30134402	UNIVERSITY OF		175,000.00		5,325.00		180,325.00		355,000.00		133.13
			TOTALS:		365,430.11		36,476.53		401,906.64		2,552,109.95		957.05
7012013		30121201	NEWARK BETH I		—		996.87		996.87		55,000.00		(20.63	) unpaid
													936.42
August
8012013		30112902	HAMPSHIRE COL		57,340.31		1,733.11		59,073.42		115,540.40		43.33
			TOTALS:		57,340.31		1,733.11		59,073.42		115,540.40		43.33
													43.33

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended September 30, 2013

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
September
9152013		30113702	HIWASSEE COLL		5,865.36		1,042.64		6,908.00		69,509.30		26.07
			TOTALS:		5,865.36		1,042.64		6,908.00		69,509.30		26.07
12-01-2012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00		33.75	Paid 8/29/13
6-01-2013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00		33.75	Paid 8/29/13
													93.57
TOTALS FOR QTR					428,635.78		39,252.28		467,888.06		2,737,159.65		1,073.32

Berkadia Commercial Mortgage

College and University Loan Trust II

Paid In Full Loan Schedule

For the Quarter Ended September 30, 2013

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30112901		7/1/2013		16,915.57		16,665.59		249.98				7012013
TOTALS				16,915.57		16,665.59		249.98		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Quarter Ended September 30, 2013

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

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended September 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
July
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4-01-2015
30105701	CHAMPLAIN COLLEGE, INC.		3.00		6,651.40		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30109604	DRURY COLLEGE		3.00		38,000.00		4-01-2015
30112002	GEORGE FOX COLLEGE		3.00		251,964.00		7-01-2018
30112902	HAMPSHIRE COLLEGE		3.00		58,200.12		2-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		529,918.70		1-01-2017
30117402	LYCOMING COLLEGE		3.63		20,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		195,000.00		5-01-2018
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		270,089.40		11-01-2014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,299,601.00		12-01-2021
30123401	PAINE COLLEGE		3.00		260,000.00		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,101,797.00		1-01-2022
30127402	ST MARY’S SCHOOL		3.00		164,000.00		6-01-2020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		180,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		425,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		1,900,000.00		6-01-2023
30140502	WITTENBERG UNIVERSITY		3.00		120,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		135,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		70,000.00		5-01-2014
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30116201	LASSEN JUNIOR COLLEGE		3.00		179,000.00		4-01-2020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		39,683.47		5-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		68,000.00		7-01-2016
30133201	UNIV STUDENT COOP HOUSING		3.00		570,000.00		4-01-2019
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		135,000.00		5-01-2016
30100103	ALABAMA AGRICULTURAL		3.00		565,000.00		5-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30113702	HIWASSEE COLLEGE		3.00		69,509.30		9-15-2018
30117002	LONG ISLAND UNIVERSITY		3.63		115,158.20		6-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		34,000.00		4-01-2016
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		117,000.00		5-01-2017
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
	TOTALS:				19,287,572.58

Page 6 of 10

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended September 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
August
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4-01-2015
30105701	CHAMPLAIN COLLEGE, INC.		3.00		6,651.40		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30109604	DRURY COLLEGE		3.00		38,000.00		4-01-2015
30112002	GEORGE FOX COLLEGE		3.00		251,964.00		7-01-2018
30112902	HAMPSHIRE COLLEGE		3.00		58,200.12		2-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		529,918.70		1-01-2017
30117402	LYCOMING COLLEGE		3.63		20,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		195,000.00		5-01-2018
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		270,089.40		11-01-2014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,299,601.00		12-01-2021
30123401	PAINE COLLEGE		3.00		260,000.00		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,101,797.00		1-01-2022
30127402	ST MARY’S SCHOOL		3.00		164,000.00		6-01-2020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		180,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		425,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		1,900,000.00		6-01-2023
30140502	WITTENBERG UNIVERSITY		3.00		120,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		135,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		70,000.00		5-01-2014
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30116201	LASSEN JUNIOR COLLEGE		3.00		179,000.00		4-01-2020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		39,683.47		5-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		68,000.00		7-01-2016
30133201	UNIV STUDENT COOP HOUSING		3.00		570,000.00		4-01-2019
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		135,000.00		5-01-2016
30100103	ALABAMA AGRICULTURAL		3.00		565,000.00		5-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30113702	HIWASSEE COLLEGE		3.00		69,509.30		9-15-2018
30117002	LONG ISLAND UNIVERSITY		3.63		71,789.48		6-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		34,000.00		4-01-2016
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		117,000.00		5-01-2017
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
	TOTALS:				19,244,203.86

Page 7 of 10

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

For the Quarter Ended September 30, 2013

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
September
30101601	AUBURN UNIVERSITY		3.00		790,000.00		12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		33,000.00		4-01-2015
30105701	CHAMPLAIN COLLEGE, INC.		3.00		6,651.40		12-01-2013
30106904	COLLEGE OF SANTA FE		3.00		211,000.00		10-01-2018
30109604	DRURY COLLEGE		3.00		38,000.00		4-01-2015
30112002	GEORGE FOX COLLEGE		3.00		251,964.00		7-01-2018
30112902	HAMPSHIRE COLLEGE		3.00		58,200.12		2-01-2014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		529,918.70		1-01-2017
30117402	LYCOMING COLLEGE		3.63		20,000.00		5-01-2014
30117403	LYCOMING COLLEGE		3.75		49,999.99		5-01-2015
30117501	LYNCHBURG COLLEGE		3.75		58,000.00		5-01-2015
30117502	LYNCHBURG COLLEGE		3.00		195,000.00		5-01-2018
30119801	MILLSAPS COLLEGE		3.00		280,000.00		11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY		3.00		690,000.00		12-01-2020
30120601	MORGAN STATE UNIVERSTIY		3.00		270,089.40		11-01-2014
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		3.63		55,000.00		1-01-2014
30121501	NORFOLK STATE UNIVERSITY		3.00		1,299,601.00		12-01-2021
30123401	PAINE COLLEGE		3.00		260,000.00		10-01-2016
30123701	UNIVERSITY OF THE ARTS		3.00		1,101,797.00		1-01-2022
30127402	ST MARY’S SCHOOL		3.00		164,000.00		6-01-2020
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		180,000.00		7-01-2014
30136801	UNIVERSITY OF ST THOMAS		3.00		270,000.00		10-01-2019
30137802	VILLANOVA UNIVERSITY		3.00		425,000.00		4-01-2019
30137901	VINCENNES UNIVERSITY		3.00		1,900,000.00		6-01-2023
30140502	WITTENBERG UNIVERSITY		3.00		120,000.00		5-01-2015
30140503	WITTENBERG UNIVERSITY		3.00		78,000.00		11-01-2017
30102604	BENEDICT COLLEGE		3.00		816,000.00		11-01-2020
30102803	BETHANY COLLEGE—HALL BOND 1967		3.00		95,000.00		11-01-2017
30104102	CALIFORNIA STATE UNIVERSITY,		3.00		105,000.00		11-01-2013
30104201	TRUST SERVICES DIVISION		3.00		1,078,000.00		11-01-2019
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		135,000.00		4-01-2016
30109502	DREXEL UNIVERSITY		3.50		70,000.00		5-01-2014
30112301	GEORGETOWN UNIVERSITY		3.00		1,277,000.00		11-01-2020
30112302	GEORGETOWN UNIVERSITY		4.00		3,405,000.00		11-01-2020
30114001	HOOD COLLEGE		3.63		39,000.00		11-01-2014
30116201	LASSEN JUNIOR COLLEGE		3.00		179,000.00		4-01-2020
30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		39,683.47		5-01-2014
30129101	SIMPSON COLLEGE—BOND 1966		3.00		68,000.00		7-01-2016
30133201	UNIV STUDENT COOP HOUSING		3.00		570,000.00		4-01-2019
30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		150,000.00		10-01-2016
30118401	MARYMOUNT UNIVERSITY		3.00		135,000.00		5-01-2016
30100103	ALABAMA AGRICULTURAL		3.00		565,000.00		5-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		125,000.00		10-01-2017
30110802	FAIRLEIGH DICKINSON UNIV		3.00		550,000.00		11-01-2017
30113702	HIWASSEE COLLEGE		3.00		69,509.30		9-15-2018
30117002	LONG ISLAND UNIVERSITY		3.63		71,789.48		6-01-2014
30121101	NEW ENGLAND COLLEGE		3.00		34,000.00		4-01-2016
30125504	RIDER COLLEGE		3.63		160,000.00		11-01-2013
30125506	RIDER COLLEGE		3.00		117,000.00		5-01-2017
30128802	SETON HILL COLLEGE		3.63		55,000.00		11-01-2014
	TOTALS:				19,244,203.86

Page 8 of 10

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

For the Quarter Ended September 30, 2013

Loan Number	Borrower Name	Next Payment Due		P and I Due		Current UPB
30123401	PAINE COLLEGE		04/01/13		1,344.00		259,999.99
30125504	RIDER COLLEGE		05/01/13		274.96		160,000.00
30117002	LONG ISLAND UNIVERSITY		06/01/13		26,789.48		71,789.48
30121201	NEWARK BETH ISRAEL MEDICAL CENTER		07/01/13		996.87		55,000.00
TOTAL:					29,405.31		546,789.47

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

For the Quarter Ended September 30, 2013

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for December 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		Wires		ACH Debits and Other Wires
20121203		12012012		30101601	AUBURN UNIVERSITY		120,000.00		13,650.00		133,650.00		910,000.00		120,000.00		13,650.00		—			133,650.00
20121203		12012012		30119903	MISSISSIPPI STATE UNIVERSITY		70,000.00		11,400.00		81,400.00		760,000.00		70,000.00		11,400.00		—			81,400.00
20121203		12012012		30121501	NORFOLK STATE UNIVERSITY		65,697.07		21,479.71		87,176.78		1,431,980.76		65,697.07		21,479.71		—			87,176.78
20121203		0		30121501	NORFOLK STATE UNIVERSITY										—		—		0.01			0.01
20121203		12012012		30137901	VINCENNES UNIVERSITY		—		30,900.00		30,900.00		2,060,000.00		—		30,900.00		—			30,900.00
System Credits 12/3																									333,126.79
System Debits 12/3																									—
Bank Credit 12/3
Bank Debit 12/3
Bank Debit 12/3 (funds movement adj)
Trustee Wire 12/3
20121207		11012012		30125504	RIDER COLLEGE										150,000.00		—		—			150,000.00
20121207		0		30125504	RIDER COLLEGE										—		—		(150,000.00	)		(150,000.00	)
20121207		0		30125504	RIDER COLLEGE										—		—		—			—
20121207		11012012		30125504	RIDER COLLEGE										—		5,343.79		—			5,343.79
20121207		0		30125504	RIDER COLLEGE										—		—		(5,343.79	)		(5,343.79	)
20121207		0		30125504	RIDER COLLEGE										—		—		—			—
System Credits 12/7																									155,343.79
System Debits 12/7																									(155,343.79	)
Bank Credit 12/4																												666,253.57
Bank Debit 12/4
Bank Debit 12/4 (funds movement adj)																																333,126.78
Trustee Wire 12/4																														333,126.79
20121210		11012012		30114001	HOOD COLLEGE										23,000.00		1,123.75		—			24,123.75
System Credits 12/10																									24,123.75
System Debits 12/10																									—
Bank Credit 12/10																												310,687.58
Bank Debit 12/10 (payment reversal)																																155,343.79
Bank Debit 12/10 (funds movement adj)																																155,343.79
Trustee Wire 12/10
20121220		1012013		30112901	HAMPSHIRE COLLEGE										16,419.80		496.28		—			16,916.08
																						—
																						—
																						—
System Credits 12/20																									16,916.08
System Debits 12/20																									—
Bank Credit 12/11																												48,247.50
Bank Debit 12/11 (service fees)																																4,324.38
Bank Debit 12/11 (funds movement adj)																																24,123.75
Trustee Wire 12/11																														19,799.37
20121221		12012012		30127402	ST MARY’S SCHOOL		11,000.00		2,790.00		13,790.00		186,000.00		11,000.00		2,790.00		—			13,790.00
																						—
																						—
																						—
System Credits 12/21																									13,790.00
System Debits 12/21																									—
Bank Credit 12/21																												33,832.16
Bank Debit 12/21 (payment reversal)
Bank Debit 12/21 (funds movement adj)																																16,916.08
Trustee Wire 12/21																														16,916.08
20121231		1012013		30112002	GEORGE FOX COLLEGE										11,464.19		2,149.61		—			13,613.80
20121231		1012013		30114802	INTER-AMERICAN UNIV. OF PUERTO RICO										82,359.12		10,438.08		—			92,797.20
20121231		1012013		30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84										—		5,325.00		—			5,325.00
System Credits 12/31																									111,736.00
System Debits 12/31																									—
Bank Credit 12/26																												27,580.00
Bank Debit 12/26
Bank Debit 12/26 (funds movement adj)																																13,790.00
Trustee Wire 12/26																														13,790.00
					TOTALS:		266,697.07		80,219.71		346,916.78		5,347,980.76		549,940.18		105,096.22		(155,343.78	)		499,692.62			499,692.62			1,086,600.81		383,632.24		702,968.57
Loans Due in Current Period and Paid in Prior Period:
		12012012		30105701	CHAMPLAIN COL		6,456.03		294.90		6,750.93		19,660.29
					TOTALS:		6,456.03		294.90		6,750.93		19,660.29
Loans Due in Current Period Not Yet Paid:
		12012012		30117002	LONG ISLAND U		—		1,631.25		1,631.25		90,000.00
					TOTALS:		—		1,631.25		1,631.25		90,000.00
					GRAND TOTAL:		273,153.10		82,145.86		355,298.96		5,457,641.05

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

December-12

Total System Credits @ 12/31		499,692.62
Total Bank Credits @ 12/31		1,086,600.81
	in transit
12/4/2012	funds movement adjustment	(333,126.78	)
12/10/2012	funds movement adjustment	(155,343.79	)
12/10/2012	payment reversal	(155,343.79	)
12/11/2012	funds movement adjustment	(24,123.75	)
12/21/2013	funds movement adjustment	(16,916.08	)
12/26/2012	funds movement adjustment	(13,790.00	)
	payment reversal
	funds movement adjustment
	funds movement adjustment
	payment reversal
	payment reversal
	funds movement adjustment
12/31/2013	in transit	111,736.00
		499,692.62
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

December-12

Total Bank Credits @ 12/31		1,086,600.81
Total Debits to Trustee @ 12/31		383,632.24
12/11/2012	Service Fees	4,324.38
	Inspection Fees
12/4/2012	funds movement adjustment	333,126.78
12/10/2012	funds movement adjustment	155,343.79
12/10/2012	payment reversal	155,343.79
12/11/2012	funds movement adjustment	24,123.75
12/21/2013	funds movement adjustment	16,916.08
12/26/2012	funds movement adjustment	13,790.00
	funds movement adjustment
	payment reversal
	payment reversal
	funds movement adjustment
Adjusted Debits to Trustee		1,086,600.81
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for January 2013

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		Wires		ACH Debits and Other Wires
20130102		1012013		30129101	SIMPSON COLLEGE - BOND 1966		—		1,350.00		1,350.00		90,000.00		—		1,350.00		—		1,350.00
System Credits 1/2																							1,350.00
System Debits 1/2																							—
Bank Credit 1/2																									223,472.00
Bank Debit 1/2
Bank Debit 1/2 (funds movement adj)																													111,736.00
Trustee Wire 1/2																											111,736.00
20130103		1012013		30123701	UNIVERSITY OF THE ARTS		55,697.78		18,210.42		73,908.20		1,214,028.17		55,697.78		18,210.42		—		73,908.20
																					—
System Credits 1/3																							73,908.20
System Debits 1/3																							—
Bank Credit 1/3																									2,700.00
Bank Debit 1/3
Bank Debit 1/3 (funds movement adj)																													1,350.00
Trustee Wire 1/3																											1,350.00
20130108		11012012		30120601	MORGAN STATE UNIVERSTIY										86,090.73		6,653.43		—		92,744.16
System Credits 1/8																							92,744.16
System Debits 1/8																							—
Bank Credit 1/4																									147,816.40
Bank Debit 1/4
Bank Debit 1/4 (funds movement adj)																													73,908.20
Trustee Wire 1/4																											73,908.20
20130111		1012013		30121201	NEWARK BETH ISRAEL MEDICAL CENTER		55,000.00		1,993.75		56,993.75		110,000.00		54,960.00		1,993.75		—		56,953.75
																					—
System Credits 1/11																							56,953.75
System Debits 1/11																							—
Bank Credit 1/9																									185,488.32
Bank Debit 1/9 (service fees)
Bank Debit 1/9 (funds movement adj)																													92,744.16
Trustee Wire 1/9																											92,744.16
20130115		1012013		30121201	NEWARK BETH ISRAEL MEDICAL CENTER										40.00		—		—		40.00
																					—
System Credits 1/15																							40.00
System Debits 1/15																							—
Bank Credit 1/14																									113,907.50
Bank Debit 1/14 (service fees)																													2,036.11
Bank Debit 1/14 (funds movement adj)																													56,953.75
Trustee Wire 1/14																											54,917.64
20130122		11012012		30128802	SETON HILL COLLEGE										26,000.00		1,468.13		—		27,468.13
20130122		6012012		30117002	LONG ISLAND UNIVERSITY										1,631.25		—		—		1,631.25
																					—
System Credits 1/22																							29,099.38
System Debits 1/22																							—
Bank Credit 1/16																									80.00
Bank Debit 1/16
Bank Debit 1/16 (funds movement adj)																													40.00
Trustee Wire 1/16																											40.00
20130128		2012013		30112902	HAMPSHIRE COLLEGE										56,492.92		2,580.50		—		59,073.42
System Credits 1/28																							59,073.42
System Debits 1/28																							—
Bank Credit 1/23																									54,936.26
Bank Debit 1/23
Bank Debit 1/23 (funds movement adj)																													27,468.13
Trustee Wire 1/23																											27,468.13
																					—
																					—
																					—
System Credits 1/29																							—
System Debits 1/29																							—
Bank Credit 1/29																									118,146.84
Bank Debit 1/29
Bank Debit 1/29 (funds movement adj)																													59,073.42
Trustee Wire 1/29																											59,073.42
					TOTALS:		110,697.78		21,554.17		132,251.95		1,414,028.17		280,912.68		32,256.23		—		313,168.91		313,168.91		846,547.32		421,237.55		425,309.77
Loans Due in Current Period and Paid in Prior Period:
		1012013		30112002	GEORGE FOX CO		11,464.19		2,149.61		13,613.80		286,615.14
		1012013		30112901	HAMPSHIRE COL		16,419.80		496.28		16,916.08		33,085.39
		1012013		30114802	INTER AMERICA		82,359.12		10,438.08		92,797.20		695,872.31
		1012013		30134402	UNIVERSITY OF		—		5,325.00		5,325.00		355,000.00
					TOTALS:		110,243.11		18,408.97		128,652.08		1,370,572.84
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		220,940.89		39,963.14		260,904.03		2,784,601.01

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

January-13

Total System Credits @ 1/31		313,168.91
Total Bank Credits @ 1/31		846,547.32
12/31/2013	in transit	(111,736.00	)
1/2/2013	funds movement adjustment	(111,736.00	)
1/3/2013	funds movement adjustment	(1,350.00	)
1/4/2013	funds movement adjustment	(73,908.20	)
1/9/2013	funds movement adjustment	(92,744.16	)
1/14/2013	funds movement adjustment	(56,953.75	)
1/16/2013	funds movement adjustment	(40.00	)
1/23/2013	funds movement adjustment	(27,468.13	)
1/29/2013	funds movement adjustment	(59,073.42	)
	funds movement adjustment
	payment reversal
	payment reversal
1/22/2013	Direct to Lender posting	1,631.25
	in transit
		313,168.91
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

January-13

Total Bank Credits @ 1/31		846,547.32
Total Debits to Trustee @ 1/31		421,237.55
1/14/2013	Service Fees	2,036.11
	Inspection Fees
1/2/2013	funds movement adjustment	111,736.00
1/3/2013	funds movement adjustment	1,350.00
1/4/2013	funds movement adjustment	73,908.20
1/9/2013	funds movement adjustment	92,744.16
1/14/2013	funds movement adjustment	56,953.75
1/16/2013	funds movement adjustment	40.00
1/23/2013	funds movement adjustment	27,468.13
1/29/2013	funds movement adjustment	59,073.42
	payment reversal
	funds movement adjustment
Adjusted Debits to Trustee		846,547.32
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for February 2013

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		Wires		ACH Debits and Other Wires
20130204		0		30121501	NORFOLK STATE UNIVERSITY										—		—		—			—
20130204		0		30121501	NORFOLK STATE UNIVERSITY										—		—		(0.01	)		(0.01	)
20130204		6012013		30121501	NORFOLK STATE UNIVERSITY										0.01		—		—			0.01
System Credits 2/4																									0.01
System Debits 2/4																									(0.01	)
Bank Credit 2/4
Bank Debit 2/4
Bank Debit 2/4 (funds movement adj)
Trustee Wire 2/4
																						—
																						—
System Credits 2/5																									—
System Debits 2/5																									—
Bank Credit 2/5																												0.02
Bank Debit 2/5 (payment reversal)																																0.01
Bank Debit 2/5 (funds movement adj)																																0.01
Trustee Wire 2/5
					TOTALS:		—		—		—		—		0.01		—		(0.01	)		—			—			0.02		—		0.02
Loans Due in Current Period and Paid in Prior Period:
		2012013		30112902	HAMPSHIRE COL		56,492.92		2,580.50		59,073.42		172,033.40
					TOTALS:		56,492.92		2,580.50		59,073.42		172,033.40
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		56,492.92		2,580.50		59,073.42		172,033.40

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

February-13

Total System Credits @ 2/28		—
Total Bank Credits @ 2/28		0.02
	in transit
2/5/2013	funds movement adjustment	(0.01	)
2/5/2013	payment reversal	(0.01	)
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	payment reversal
	Direct to Lender posting
	in transit
		—
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

February-13

Total Bank Credits @ 2/28		0.02
Total Debits to Trustee @ 2/28		—
	Service Fees
	Inspection Fees
2/5/2013	funds movement adjustment	0.01
2/5/2013	payment reversal	0.01
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
Adjusted Debits to Trustee		0.02
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for March 2013

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		Wires		ACH Debits and Other Wires
20130312		3152013		30113702	HIWASSEE COLLEGE		5,778.68		1,129.32		6,908.00		75,287.98		5,778.68		1,129.32		—		6,908.00
																					—
																					—
System Credits 3/12																							6,908.00
System Debits 3/12																							—
Bank Credit 3/12
Bank Debit 3/12
Bank Debit 3/12 (funds movement adj)
Trustee Wire 3/12
20130327		0		30130301	SOUTHWEST TEXAS STATE UNIVERSITY										—		—		527,800.00		527,800.00
																					—
System Credits 3/27																							527,800.00
System Debits 3/27																							—
Bank Credit 3/13																									13,816.00
Bank Debit 3/13 (service fees)																													1,421.71
Bank Debit 3/13 (funds movement adj)																													6,908.00
Trustee Wire 3/13																											5,486.29
																					—
System Credits 3/28																							—
System Debits 3/28																							—
Bank Credit 3/28																									527,800.00
Bank Debit 3/28
Bank Debit 3/28 (funds movement adj)
Trustee Wire 3/28																											527,800.00
					TOTALS:		5,778.68		1,129.32		6,908.00		75,287.98		5,778.68		1,129.32		527,800.00		534,708.00		534,708.00		541,616.00		533,286.29		8,329.71
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		5,778.68		1,129.32		6,908.00		75,287.98

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

March-13

Total System Credits @ 3/31		534,708.00
Total Bank Credits @ 3/31		541,616.00
	in transit
3/13/2013	funds movement adjustment	(6,908.00	)
	payment reversal
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	payment reversal
	Direct to Lender posting
	in transit
		534,708.00
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

March-13

Total Bank Credits @ 3/31		541,616.00
Total Debits to Trustee @ 3/31		533,286.29
3/13/2013	Service Fees	1,421.71
	Inspection Fees
3/13/2013	funds movement adjustment	6,908.00
	payment reversal
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
Adjusted Debits to Trustee		541,616.00
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for April 2013

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		Wires		ACH Debits and Other Wires
20130401		4012013		30101701	AZUSA PACIFIC UNIVERSITY		16,000.00		918.75		16,918.75		49,000.00		16,000.00		918.75		—			16,918.75
20130401		4012013		30108202	DAEMEN COLLEGE (ROSARY HILL COLLEGE)		40,000.00		2,625.00		42,625.00		175,000.00		40,000.00		2,625.00		—			42,625.00
20130401		4012013		30109604	DRURY COLLEGE		11,000.00		735.00		11,735.00		49,000.00		11,000.00		735.00		—			11,735.00
20130401		4012013		30110101	ELIZABETH CITY STATE UNIVERSITY		—		1,875.00		1,875.00		125,000.00		—		1,875.00		—			1,875.00
20130401		4012013		30117801	MARIAN COLLEGE OF FOND DU LAC		—		2,250.00		2,250.00		150,000.00		—		2,250.00		—			2,250.00
20130401		4012013		30121101	NEW ENGLAND COLLEGE		11,000.00		675.00		11,675.00		45,000.00		11,000.00		675.00		—			11,675.00
20130401		0		30123401	PAINE COLLEGE										—		—		2,808.00			2,808.00
20130401		0		30130301	SOUTHWEST TEXAS STATE UNIVERSITY										—		—		(527,800.00	)		(527,800.00	)
20130401		0		30130301	SOUTHWEST TEXAS STATE UNIVERSITY		—		7,800.00		7,800.00		520,000.00		520,000.00		7,800.00		—			527,800.00
20130401		4012013		30133201	UNIV STUDENT COOP HOUSING		85,000.00		9,825.00		94,825.00		655,000.00		85,000.00		9,825.00		—			94,825.00
20130401		4012013		30136801	UNIVERSITY OF ST THOMAS		—		4,050.00		4,050.00		270,000.00		—		4,050.00		—			4,050.00
System Credits 4/1																									716,561.75
System Debits 4/1																									(527,800.00	)
Bank Credit 4/1
Bank Debit 4/1
Bank Debit 4/1 (funds movement adj)
Trustee Wire 4/1
20130402		4012013		30106904	COLLEGE OF SANTA FE		—		3,165.00		3,165.00		211,000.00		—		3,165.00		—			3,165.00
20130402		0		30123401	PAINE COLLEGE										—		—		1,092.00			1,092.00
20130402		0		30127602	SAINT MICHAELS COLLEGE										—		—		1,064.05			1,064.05
System Credits 4/2																									5,321.05
System Debits 4/2																									—
Bank Credit 3/13																												1,430,315.50
Bank Debit 4/2 (payment reversal)																																527,800.00
Bank Debit 4/2 (funds movement adj)																																713,753.75
Trustee Wire 4/2																														188,761.75
20130403		4012013		30137802	VILLANOVA UNIVERSITY		65,000.00		7,350.00		72,350.00		490,000.00		65,000.00		7,350.00		—			72,350.00
System Credits 4/3																									72,350.00
System Debits 4/3																									—
Bank Credit 4/3																												8,486.05
Bank Debit 4/3 (service fees)																																28.23
Bank Debit 4/3 (funds movement adj)																																3,165.00
Trustee Wire 4/3																														5,292.82
20130404		4012013		30112002	GEORGE FOX COLLEGE		11,550.17		2,063.63		13,613.80		275,150.95		11,550.17		2,063.63		—			13,613.80
																						—
System Credits 4/4																									13,613.80
System Debits 4/4																									—
Bank Credit 4/4																												144,700.00
Bank Debit 4/4
Bank Debit 4/4 (funds movement adj)																																72,350.00
Trustee Wire 4/4																														72,350.00
20130418		5012013		30104605	CARNEGIE MELLON										33,000.00		4,950.00		—			37,950.00
																						—
System Credits 4/18																									37,950.00
System Debits 4/18																									—
Bank Credit 4/5																												27,227.60
Bank Debit 4/5
Bank Debit 4/5 (funds movement adj)																																13,613.80
Trustee Wire 4/5																														13,613.80
20130419		0		30132402	TEXAS SOUTHERN UNIVERSITY										—		—		2,275.00			2,275.00
20130419		0		30132402	TEXAS SOUTHERN UNIVERSITY										—		—		1,575.00			1,575.00
20130419		0		30132402	TEXAS SOUTHERN UNIVERSITY										—		—		787.50			787.50
20130419		0		30132402	TEXAS SOUTHERN UNIVERSITY										—		—		42,245.00			42,245.00
20130419		0		30132402	TEXAS SOUTHERN UNIVERSITY										—		—		46,575.00			46,575.00
20130419		0		30132402	TEXAS SOUTHERN UNIVERSITY										—		—		45,787.50			45,787.50
System Credits 4/19																									139,245.00
System Debits 4/19																									—
Bank Credit 4/19																												75,900.00
Bank Debit 4/19
Bank Debit 4/19 (funds movement adj)																																37,950.00
Trustee Wire 4/19																														37,950.00

20130422	5012013	30114001	HOOD COLLEGE					—	706.87	—		706.87
20130422	0	30132402	TEXAS SOUTHERN UNIVERSITY					—	—	—		—
20130422	0	30132402	TEXAS SOUTHERN UNIVERSITY					—	—	(139,245.00	)	(139,245.00	)
20130422	10012010	30132402	TEXAS SOUTHERN UNIVERSITY					—	2,275.00	—		2,275.00
20130422	4012011	30132402	TEXAS SOUTHERN UNIVERSITY					40,000.00	2,275.00	—		42,275.00
20130422	10012011	30132402	TEXAS SOUTHERN UNIVERSITY					—	1,575.00	—		1,575.00
20130422	4012012	30132402	TEXAS SOUTHERN UNIVERSITY					45,000.00	1,575.00	—		46,575.00
20130422	10012012	30132402	TEXAS SOUTHERN UNIVERSITY					—	787.50	—		787.50
20130422	4012013	30132402	TEXAS SOUTHERN UNIVERSITY	45,000.00	787.50	45,787.50	45,000.00	45,000.00	787.50	—		45,787.50
System Credits 4/22														139,981.87
System Debits 4/22														(139,245.00	)
Bank Credit 4/22																139,245.00
Bank Debit 4/22 (inspection fees)																		399.00
Bank Debit 4/22 (funds movement adj)
Trustee Wire 4/22																	138,846.00
												—
												—
												—
System Credits 4/23														—
System Debits 4/23														—
Bank Credit 4/23																279,963.74
Bank Debit 4/23 (payment reversal)																		139,245.00
Bank Debit 4/23 (funds movement adj)																		139,981.87
Trustee Wire 4/23																	736.87
			TOTALS:	284,550.17	44,119.88	328,670.05	3,059,150.95	922,550.17	58,264.25	(522,835.95	)	457,978.47		457,978.47		2,105,837.89	457,551.24	1,648,286.65
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
	4012013	30123401	PAINE COLLEGE	—	3,900.00	3,900.00	259,999.99
	4012013	30116201	LASSEN JUNIOR	25,000.00	3,060.00	28,060.00	204,000.00
			TOTALS:	25,000.00	6,960.00	31,960.00	463,999.99
			GRAND TOTAL:	309,550.17	51,079.88	360,630.05	3,523,150.94

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

April-13

Total System Credits @ 4/30		457,978.47
Total Bank Credits @ 4/30		2,105,837.89
	in transit
4/2/2013	payment reversal	(527,800.00	)
4/2/2013	funds movement adjustment	(713,753.75	)
4/3/2013	funds movement adjustment	(3,165.00	)
4/4/2013	funds movement adjustment	(72,350.00	)
4/5/2013	funds movement adjustment	(13,613.80	)
4/19/2013	funds movement adjustment	(37,950.00	)
4/23/2013	payment reversal	(139,245.00	)
4/23/2013	funds movement adjustment	(139,981.87	)
	funds movement adjustment
	payment reversal
	payment reversal
	Direct to Lender posting
	in transit
		457,978.47
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

April-13

Total Bank Credits @ 4/30		2,105,837.89
Total Debits to Trustee @ 4/30		457,551.24
4/3/2013	Service Fees	28.23
4/22/2013	Inspection Fees	399.00
4/2/2013	payment reversal	527,800.00
4/2/2013	funds movement adjustment	713,753.75
4/3/2013	funds movement adjustment	3,165.00
4/4/2013	funds movement adjustment	72,350.00
4/5/2013	funds movement adjustment	13,613.80
4/19/2013	funds movement adjustment	37,950.00
4/23/2013	payment reversal	139,245.00
4/23/2013	funds movement adjustment	139,981.87
Adjusted Debits to Trustee		2,105,837.89
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for May 2013

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		Wires		ACH Debits and Other Wires
20130501		5012013		30102604	BENEDICT COLLEGE		—		12,240.00		12,240.00		816,000.00		—		12,240.00		—			12,240.00
20130501		5012013		30104102	CALIFORNIA STATE UNIVERSITY,		—		1,575.00		1,575.00		105,000.00		—		1,575.00		—			1,575.00
20130501		5012013		30104201	TRUST SERVICES DIVISION		—		16,170.00		16,170.00		1,078,000.00		—		16,170.00		—			16,170.00
20130501		5012013		30109502	DREXEL UNIVERSITY		100,000.00		2,975.00		102,975.00		170,000.00		100,000.00		2,975.00		—			102,975.00
20130501		0		30110401	EMMANUEL COLLEGE		—		210.00		210.00		14,000.00		14,000.00		210.00		—			14,210.00
20130501		5012013		30110802	FAIRLEIGH DICKINSON UNIV		—		8,250.00		8,250.00		550,000.00		—		8,250.00		—			8,250.00
20130501		5012013		30112301	GEORGETOWN UNIVERSITY		—		19,155.00		19,155.00		1,277,000.00		—		19,155.00		—			19,155.00
20130501		5012013		30112302	GEORGETOWN UNIVERSITY		—		68,100.00		68,100.00		3,405,000.00		—		68,100.00		—			68,100.00
20130501		5012013		30117402	LYCOMING COLLEGE		20,000.00		725.00		20,725.00		40,000.00		20,000.00		724.99		—			20,724.99
20130501		0		30117402	LYCOMING COLLEGE										—		—		0.01			0.01
20130501		5012013		30117403	LYCOMING COLLEGE		25,000.00		1,406.25		26,406.25		74,999.99		25,000.00		1,406.25		—			26,406.25
20130501		5012013		30117501	LYNCHBURG COLLEGE		40,000.00		1,837.50		41,837.50		98,000.00		40,000.00		1,837.50		—			41,837.50
20130501		5012013		30117502	LYNCHBURG COLLEGE		40,000.00		3,525.00		43,525.00		235,000.00		40,000.00		3,525.00		—			43,525.00
20130501		5012013		30118401	MARYMOUNT UNIVERSITY		40,000.00		2,625.00		42,625.00		175,000.00		40,000.00		2,625.00		—			42,625.00
20130501		5012013		30119202	MERCER UNIV. ACCOUNTING OFFICE		19,403.05		886.30		20,289.35		59,086.53		19,403.05		886.30		—			20,289.35
20130501		0		30119202	MERCER UNIV. ACCOUNTING OFFICE										—		—		0.01			0.01
20130501		5012013		30119801	MILLSAPS COLLEGE		—		4,200.00		4,200.00		280,000.00		—		4,200.00		—			4,200.00
20130501		5012013		30120601	MORGAN STATE UNIVERSTIY		87,382.09		5,362.07		92,744.16		357,471.48		87,382.09		5,362.07		—			92,744.16
20130501		0		30125504	RIDER COLLEGE										—		—		2,900.00			2,900.00
20130501		0		30125506	RIDER COLLEGE										—		—		405.00			405.00
20130501		0		30128001	SAINT VINCENT COLLEGE										—		—		962.50			962.50
20130501		5012013		30128802	SETON HILL COLLEGE		—		996.87		996.87		55,000.00		—		996.87		—			996.87
20130501		0		30128802	SETON HILL COLLEGE										—		—		0.01			0.01
20130501		5012013		30130703	SPRINGFIELD COLLEGE		8,000.00		140.00		8,140.00		8,000.00		8,000.00		140.00		—			8,140.00
20130501		0		30138702	WESLEY COLLEGE										—		—		33.75			33.75
20130501		5012013		30140502	WITTENBERG UNIVERSITY		55,000.00		2,625.00		57,625.00		175,000.00		55,000.00		2,625.00		—			57,625.00
20130501		5012013		30140503	WITTENBERG UNIVERSITY		—		1,170.00		1,170.00		78,000.00		—		1,170.00		—			1,170.00
System Credits 5/1																									607,260.40
System Debits 5/1																									—
Bank Credit 5/1
Bank Debit 5/1
Bank Debit 5/1 (funds movement adj)
Trustee Wire 5/1
20130502		5012013		30100103	ALABAMA AGRICULTURAL		115,000.00		10,200.00		125,200.00		680,000.00		115,000.00		10,200.00		—			125,200.00
20130502		4012013		30116201	LASSEN JUNIOR COLLEGE										25,000.00		3,060.00		—			28,060.00
																						—
System Credits 5/2																									153,260.00
System Debits 5/2																									—
Bank Credit 5/2																												1,210,219.52
Bank Debit 5/2
Bank Debit 5/2 (funds movement adj)																																602,959.12
Trustee Wire 5/2																														607,260.40
20130503		0		30117402	LYCOMING COLLEGE										—		—		(0.01	)		(0.01	)
20130503		11012013		30117402	LYCOMING COLLEGE										—		0.01		—			0.01
20130503		0		30119202	MERCER UNIV. ACCOUNTING OFFICE										—		—		(0.01	)		(0.01	)
20130503		11012013		30119202	MERCER UNIV. ACCOUNTING OFFICE										0.01		—		—			0.01
System Credits 5/3																									0.02
System Debits 5/3																									(0.02	)
Bank Credit 5/3																												306,520.00
Bank Debit 5/3 (service fees)
Bank Debit 5/3 (funds movement adj)																																153,260.00
Trustee Wire 5/3																														153,260.00
20130506		5012013		30102803	BETHANY COLLEGE - HALL BOND 1967		—		1,425.00		1,425.00		95,000.00		—		1,425.00		—			1,425.00
20130506		0		30125504	RIDER COLLEGE										—		—		(2,900.00	)		(2,900.00	)
20130506		11012012		30125504	RIDER COLLEGE										—		274.96		—			274.96
20130506		5012013		30125504	RIDER COLLEGE		—		2,900.00		2,900.00		160,000.00		—		2,625.04		—			2,625.04
20130506		0		30128802	SETON HILL COLLEGE										—		—		(0.01	)		(0.01	)
20130506		11012013		30128802	SETON HILL COLLEGE										—		0.01		—			0.01
System Credits 5/6																									4,325.01
System Debits 5/6																									(2,900.01	)
Bank Credit 5/6																												0.04
Bank Debit 5/6 (payment reversal)																																0.02
Bank Debit 5/6 (funds movement adj)																																0.02
Trustee Wire 5/6

20130508	5012013	30125506	RIDER COLLEGE	30,000.00	2,205.00	32,205.00	147,000.00	29,595.00	2,205.00	—		31,800.00
20130508	0	30127602	SAINT MICHAELS COLLEGE					—	—	85,124.07		85,124.07
20130508	0	30127602	SAINT MICHAELS COLLEGE					—	—	212.81		212.81
System Credits 5/8														117,136.88
System Debits 5/8														—
Bank Credit 5/7																8,650.02
Bank Debit 5/7 (payment reversal)																		2,900.01
Bank Debit 5/7 (funds movement adj)																		4,325.01
Trustee Wire 5/7																	1,425.00
20130509	0	30127602	SAINT MICHAELS COLLEGE					—	—	—		—
20130509	0	30127602	SAINT MICHAELS COLLEGE					—	—	(86,400.93	)	(86,400.93	)
20130509	5092013	30127602	SAINT MICHAELS COLLEGE	85,022.56	1,275.34	86,297.90	85,022.56	—	—	—		—
20130509	0	30127602	SAINT MICHAELS COLLEGE					85,022.56	1,275.34	—		86,297.90
												—
												—
System Credits 5/9														86,297.90
System Debits 5/9														(86,400.93	)
Bank Credit 5/9																148,936.88
Bank Debit 5/9
Bank Debit 5/9 (funds movement adj)																		31,800.00
Trustee Wire 5/9																	117,136.88
20130514	0	30128001	SAINT VINCENT COLLEGE					—	—	55,000.00		55,000.00
20130514	0	30128001	SAINT VINCENT COLLEGE					—	—	—		—
20130514	0	30128001	SAINT VINCENT COLLEGE					—	—	(55,962.50	)	(55,962.50	)
20130514	0	30128001	SAINT VINCENT COLLEGE	55,000.00	962.50	55,962.50	55,000.00	55,000.00	962.50	—		55,962.50
System Credits 5/14														110,962.50
System Debits 5/14														(55,962.50	)
Bank Credit 5/10																172,595.80
Bank Credit 5/10 (overdraft funding)																103.03
Bank Debit 5/10 (payment reversal)																		86,400.93
Bank Debit 5/10 (funds movement adj)																		86,297.90
Trustee Wire 5/10
20130520	0	30104605	CARNEGIE MELLON					—	—	298,092.00		298,092.00
												—
												—
System Credits 5/20														298,092.00
System Debits 5/20														—
Bank Credit 5/15																166,925.00
Bank Debit 5/15 (service fees)																		1,432.13
Bank Debit 5/15 (payment reversal)																		55,962.50
Bank Debit 5/15 (funds movement adj)																		55,962.50
Trustee Wire 5/15																	53,567.87
20130521	0	30104605	CARNEGIE MELLON					—	—	(298,092.00	)	(298,092.00	)
20130521	5212013	30104605	CARNEGIE MELLON	33,000.00	4,950.00	37,950.00	330,000.00	—	—	—		—
20130521	0	30104605	CARNEGIE MELLON					297,000.00	792.00	—		297,792.00
												—
System Credits 5/21														297,792.00
System Debits 5/21														(298,092.00	)
Bank Credit 5/21																298,092.00
Bank Debit 5/21
Bank Debit 5/21 (funds movement adj)
Trustee Wire 5/21																	298,092.00
20130523	0	30125506	RIDER COLLEGE					—	—	(405.00	)	(405.00	)
20130523	5012013	30125506	RIDER COLLEGE					405.00	—	—		405.00
												—
												—
System Credits 5/23														405.00
System Debits 5/23														(405.00	)
Bank Credit 5/22																595,584.00
Bank Credit 5/22 (overdraft funding)																300.00
Bank Debit 5/22 (payment reversal)																		298,092.00
Bank Debit 5/22 (funds movement adj)																		297,792.00
Trustee Wire 5/22

20130528	6012013	30105701	CHAMPLAIN COLLEGE, INC.					6,552.86	198.07	—		6,750.93
System Credits 5/28													6,750.93
System Debits 5/28													—
Bank Credit 5/24														810.00
Bank Debit 5/24 (payment reversal)																405.00
Bank Debit 5/24 (funds movement adj)																405.00
Trustee Wire 5/24
												—
												—
												—
												—
												—
												—
System Credits 5/29													—
System Debits 5/29													—
Bank Credit 5/29														13,501.86
Bank Debit 5/30 (overdraft funding repay)																300.00
Bank Debit 5/29 (funds movement adj)																6,750.93
Trustee Wire 5/29															6,450.93
			TOTALS:	752,807.70	178,091.83	930,899.53	10,602,580.56	1,062,360.57	177,191.91	(1,030.30	)	1,238,522.18	1,238,522.18	2,922,238.15	1,237,193.08	1,685,045.07
Loans Due in Current Period and Paid in Prior Period:
	5012013	30114001	HOOD COLLEGE	—	706.87	706.87	39,000.00
			TOTALS:	—	706.87	706.87	39,000.00
Loans Due in Current Period Not Yet Paid:
	5012013	30138702	WESLEY COLLEG	2,000.00	33.75	2,033.75	2,000.00
			TOTALS:	2,000.00	33.75	2,033.75	2,000.00
			GRAND TOTAL:	754,807.70	178,832.45	933,640.15	10,643,580.56

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

May-13

Total System Credits @ 5/31		1,238,522.18
Total Bank Credits @ 5/31		2,922,238.15
	in transit
5/2/2013	funds movement adjustment	(602,959.12	)
5/3/2013	funds movement adjustment	(153,260.00	)
5/6/2013	payment reversal	(0.02	)
5/6/2013	funds movement adjustment	(0.02	)
5/7/2013	payment reversal	(2,900.01	)
5/7/2013	funds movement adjustment	(4,325.01	)
5/9/2013	funds movement adjustment	(31,800.00	)
5/10/2013	payment reversal	(86,400.93	)
5/10/2013	funds movement adjustment	(86,297.90	)
5/15/2013	payment reversal	(55,962.50	)
5/15/2013	funds movement adjustment	(55,962.50	)
5/22/2013	payment reversal	(298,092.00	)
5/22/2013	funds movement adjustment	(297,792.00	)
5/24/2013	payment reversal	(405.00	)
5/24/2013	funds movement adjustment	(405.00	)
5/30/2013	overdraft funding repay	(300.00	)
5/29/2013	funds movement adjustment	(6,750.93	)
5/10/2013	overdraft funding	(103.03	)
	in transit
		1,238,522.18
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

May-13

Total Bank Credits @ 5/31		2,922,238.15
Total Debits to Trustee @ 5/31		1,237,193.08
5/15/2013	Service Fees	1,432.13
	Inspection Fees
5/2/2013	funds movement adjustment	602,959.12
5/3/2013	funds movement adjustment	153,260.00
5/6/2013	payment reversal	0.02
5/6/2013	funds movement adjustment	0.02
5/7/2013	payment reversal	2,900.01
5/7/2013	funds movement adjustment	4,325.01
5/9/2013	funds movement adjustment	31,800.00
5/10/2013	payment reversal	86,400.93
5/10/2013	funds movement adjustment	86,297.90
5/15/2013	payment reversal	55,962.50
5/15/2013	funds movement adjustment	55,962.50
5/22/2013	payment reversal	298,092.00
5/22/2013	funds movement adjustment	297,792.00
5/24/2013	payment reversal	405.00
5/24/2013	funds movement adjustment	405.00
5/30/2013	overdraft funding repay	300.00
5/29/2013	funds movement adjustment	6,750.93
	payment reversal
Adjusted Debits to Trustee		2,922,238.15
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for June 2013

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		Wires		ACH Debits and Other Wires
20130603		6012013		30101601	AUBURN UNIVERSITY		—		11,850.00		11,850.00		790,000.00		—		11,850.00		—			11,850.00
20130603		6012013		30119903	MISSISSIPPI STATE UNIVERSITY		—		10,350.00		10,350.00		690,000.00		—		10,350.00		—			10,350.00
20130603		6012013		30121501	NORFOLK STATE UNIVERSITY		66,682.52		20,494.26		87,176.78		1,366,283.69		66,682.51		20,494.26		—			87,176.77
20130603		0		30121501	NORFOLK STATE UNIVERSITY										—		—		0.01			0.01
20130603		6012013		30137901	VINCENNES UNIVERSITY		160,000.00		30,900.00		190,900.00		2,060,000.00		160,000.00		30,900.00		—			190,900.00
System Credits 6/3																									300,276.78
System Debits 6/3																									—
Bank Credit 6/3
Bank Debit 6/3
Bank Debit 6/3 (funds movement adj)
Trustee Wire 6/3
20130607		12012013		30121501	NORFOLK STATE UNIVERSITY										—		0.01		—			0.01
20130607		0		30121501	NORFOLK STATE UNIVERSITY										—		—		(0.01	)		(0.01	)
20130607		0		30121501	NORFOLK STATE UNIVERSITY										—		—		—			—
System Credits 6/7																									0.01
System Debits 6/7																									(0.01	)
Bank Credit 6/4																												600,553.55
Bank Debit 6/4
Bank Debit 6/4 (funds movement adj)																																300,276.77
Trustee Wire 6/4																														300,276.78
20130610		6012013		30127402	ST MARY’S SCHOOL		11,000.00		2,625.00		13,625.00		175,000.00		11,000.00		2,625.00		—			13,625.00
20130610		0		30138702	WESLEY COLLEGE										—		—		2,000.00			2,000.00
20130610		0		30138702	WESLEY COLLEGE										—		—		—			—
20130610		0		30138702	WESLEY COLLEGE										—		—		(2,033.75	)		(2,033.75	)
20130610		5012013		30138702	WESLEY COLLEGE										2,000.00		33.75		—			2,033.75
System Credits 6/10																									17,658.75
System Debits 6/10																									(2,033.75	)
Bank Credit 6/10																												0.02
Bank Debit 6/10 (payment reversal)																																0.01
Bank Debit 6/10 (funds movement adj)																																0.01
Trustee Wire 6/10
20130628		7012013		30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84										175,000.00		5,325.00		—			180,325.00
																						—
																						—
System Credits 6/28																									180,325.00
System Debits 6/28																									—
Bank Credit 6/11																												33,317.50
Bank Debit 6/11 (payment reversal)																																2,033.75
Bank Debit 6/11 (service fees)																																4,067.14
Bank Debit 6/11 (funds movement adj)																																15,658.75
Trustee Wire 6/11																														11,557.86
					TOTALS:		237,682.52		76,219.26		313,901.78		5,081,283.69		414,682.51		81,578.02		(33.75	)		496,226.78			496,226.78			633,871.07		311,834.64		322,036.43
Loans Due in Current Period and Paid in Prior Period:
		6012013		30105701	CHAMPLAIN COL		6,552.86		198.07		6,750.93		13,204.26
					TOTALS:		6,552.86		198.07		6,750.93		13,204.26
Loans Due in Current Period Not Yet Paid:
		6012013		30117002	LONG ISLAND U		45,000.00		1,631.25		46,631.25		90,000.00
					TOTALS:		45,000.00		1,631.25		46,631.25		90,000.00
					GRAND TOTAL:		289,235.38		78,048.58		367,283.96		5,184,487.95

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

June-13

Total System Credits @ 6/30		496,226.78
Total Bank Credits @ 6/30		633,871.07
	in transit
6/4/2013	funds movement adjustment	(300,276.77	)
6/10/2013	payment reversal	(0.01	)
6/10/2013	funds movement adjustment	(0.01	)
6/11/2013	payment reversal	(2,033.75	)
6/11/2013	funds movement adjustment	(15,658.75	)
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	overdraft funding repay
	funds movement adjustment
	overdraft funding
6/28/2013	in transit	180,325.00
		496,226.78
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

June-13

Total Bank Credits @ 6/30		633,871.07
Total Debits to Trustee @ 6/30		311,834.64
6/11/2013	Service Fees	4,067.14
	Inspection Fees
6/4/2013	funds movement adjustment	300,276.77
6/10/2013	payment reversal	0.01
6/10/2013	funds movement adjustment	0.01
6/11/2013	payment reversal	2,033.75
6/11/2013	funds movement adjustment	15,658.75
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	overdraft funding repay
	funds movement adjustment
	overdraft funding repay
Adjusted Debits to Trustee		633,871.07
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for July 2013

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		Wires		ACH Debits and Other Wires
20130701		0		30112901	HAMPSHIRE COLLEGE										—		—		17,215.57			17,215.57
20130701		0		30112901	HAMPSHIRE COLLEGE										—		—		—			—
20130701		0		30112901	HAMPSHIRE COLLEGE										—		—		(17,215.57	)		(17,215.57	)
20130701		7012013		30112901	HAMPSHIRE COLLEGE		16,665.59		249.98		16,915.57		16,665.59		—		—		—			—
20130701		0		30112901	HAMPSHIRE COLLEGE										16,665.59		249.98		—			16,915.57
20130701		7012013		30123701	UNIVERSITY OF THE ARTS		56,533.24		17,374.96		73,908.20		1,158,330.39		56,533.24		17,374.96		—			73,908.20
20130701		7012013		30129101	SIMPSON COLLEGE - BOND 1966		22,000.00		1,350.00		23,350.00		90,000.00		22,000.00		1,350.00		—			23,350.00
System Credits 7/1																									131,389.34
System Debits 7/1																									(17,215.57	)
Bank Credit 7/1																												360,650.00
Bank Debit 7/1
Bank Debit 7/1 (funds movement adj)																																180,325.00
Trustee Wire 7/1																														180,325.00
20130702		7012013		30112002	GEORGE FOX COLLEGE		11,636.79		1,977.01		13,613.80		263,600.78		11,636.79		1,977.01		—			13,613.80
20130702		7012013		30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		83,594.49		9,202.71		92,797.20		613,513.19		83,594.49		9,202.71		—			92,797.20
																						—
System Credits 7/2																									106,411.00
System Debits 7/2																									—
Bank Credit 7/2																												245,563.11
Bank Debit 7/2 (payment reversal)																																17,215.57
Bank Debit 7/2 (funds movement adj)																																114,173.77
Trustee Wire 7/2																														114,173.77
20130730		8012013		3011290	2HAMPSHIRE COLLEGE										57,340.31		1,733.11		—			59,073.42
																						—
																						—
																						—
																						—
System Credits 7/30																									59,073.42
System Debits 7/30																									—
Bank Credit 7/3																												212,822.00
Bank Debit 7/3
Bank Debit 7/3 (funds movement adj)																																106,411.00
Trustee Wire 7/3																														106,411.00
																						—
																						—
																						—
System Credits 7/31																									—
System Debits 7/31																									—
Bank Credit 7/31																												118,146.84
Bank Debit 7/31
Bank Debit 7/31 (service fees)																																1,911.19
Bank Debit 7/31 (funds movement adj)																																59,073.42
Trustee Wire 7/31																														57,162.23
					TOTALS:		190,430.11		30,154.66		220,584.77		2,142,109.95		247,770.42		31,887.77		—			279,658.19			279,658.19			937,181.95		458,072.00		479,109.95
Loans Due in Current Period and Paid in Prior Period:
		7012013		30134402	UNIVERSITY OF		175,000.00		5,325.00		180,325.00		355,000.00
					TOTALS:		175,000.00		5,325.00		180,325.00		355,000.00
Loans Due in Current Period Not Yet Paid:
		7012013		30121201	NEWARK BETH I		—		996.87		996.87		55,000.00
					TOTALS:		—		996.87		996.87		55,000.00
					GRAND TOTAL:		365,430.11		36,476.53		401,906.64		2,552,109.95

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

July-13

Total System Credits @ 7/31		279,658.19
Total Bank Credits @ 7/31		937,181.95
6/28/2013	in transit	(180,325.00	)
7/1/2013	funds movement adjustment	(180,325.00	)
7/2/2013	payment reversal	(17,215.57	)
7/2/2013	funds movement adjustment	(114,173.77	)
7/3/2013	funds movement adjustment	(106,411.00	)
7/31/2013	funds movement adjustment	(59,073.42	)
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	overdraft funding repay
	funds movement adjustment
	overdraft funding
	in transit
		279,658.19
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

July-13

Total Bank Credits @ 7/31		937,181.95
Total Debits to Trustee @ 7/31		458,072.00
7/31/2013	Service Fees	1,911.19
	Inspection Fees
7/1/2013	funds movement adjustment	180,325.00
7/2/2013	payment reversal	17,215.57
7/2/2013	funds movement adjustment	114,173.77
7/3/2013	funds movement adjustment	106,411.00
7/31/2013	funds movement adjustment	59,073.42
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	overdraft funding repay
	funds movement adjustment
	overdraft funding repay
Adjusted Debits to Trustee		937,181.95
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for August 2013

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		Wires		ACH Debits and Other Wires
20130822		0		30123401	PAINE COLLEGE										—		—		(1,092.00	)		(1,092.00	)
20130822		0		30123401	PAINE COLLEGE										—		—		(2,808.00	)		(2,808.00	)
20130822		10012012		30123401	PAINE COLLEGE										—		1,344.00		—			1,344.00
20130822		4012013		30123401	PAINE COLLEGE										—		2,556.00		—			2,556.00
																						—
																						—
																						—
System Credits 8/22																									3,900.00
System Debits 8/22																									(3,900.00	)
Bank Credit 8/1
Bank Debit 8/1
Bank Debit 8/1 (funds movement adj)
Trustee Wire 8/1
20130829		6012012		30117002	LONG ISLAND UNIVERSITY										25,158.23		—		—			25,158.23
20130829		12012012		30117002	LONG ISLAND UNIVERSITY										—		1,631.25		—			1,631.25
20130829		6012013		30117002	LONG ISLAND UNIVERSITY										—		1,631.25		—			1,631.25
20130829		6012013		30117002	LONG ISLAND UNIVERSITY										18,210.52		—		—			18,210.52
System Credits 8/29																									46,631.25
System Debits 8/29																									—
Bank Credit 8/23																												7,800.00
Bank Debit 8/23 (payment reversal)																																3,900.00
Bank Debit 8/23 (funds movement adj)																																3,900.00
Trustee Wire 8/23
																						—
																						—
																						—
																						—
																						—
System Credits 8/30																									—
System Debits 8/30																									—
Bank Credit 8/30
Bank Debit 8/30
Bank Debit 8/30 (funds movement adj)
Trustee Wire 8/30
					TOTALS:		—		—		—		—		43,368.75		7,162.50		(3,900.00	)		46,631.25			46,631.25			7,800.00		—		7,800.00
Loans Due in Current Period and Paid in Prior Period:
		8012013		30112902	HAMPSHIRE COL		57,340.31		1,733.11		59,073.42		115,540.40
					TOTALS:		57,340.31		1,733.11		59,073.42		115,540.40
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		57,340.31		1,733.11		59,073.42		115,540.40

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

August-13

Total System Credits @ 8/31		46,631.25
Total Bank Credits @ 8/31		7,800.00
	in transit
8/23/2013	payment reversal	(3,900.00	)
8/23/2013	funds movement adjustment	(3,900.00	)
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
8/29/2013	Direct to Lender payments	46,631.25
	overdraft funding
	in transit
		46,631.25
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

August-13

Total Bank Credits @ 8/31		7,800.00
Total Debits to Trustee @ 8/31		—
	Service Fees
	Inspection Fees
8/23/2013	payment reversal	3,900.00
8/23/2013	funds movement adjustment	3,900.00
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	overdraft funding repay
	funds movement adjustment
	overdraft funding repay
Adjusted Debits to Trustee		7,800.00
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for September 2013

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		Wires		ACH Debits and Other Wires
20130923		10012013		30116201	LASSEN JUNIOR COLLEGE										—		2,685.00		—		2,685.00
																					—
																					—
System Credits 9/23																							2,685.00
System Debits 9/23																							—
Bank Credit 9/3
Bank Debit 9/3
Bank Debit 9/3 (funds movement adj)
Trustee Wire 9/3
20130926		0		30121201	NEWARK BETH ISRAEL MEDICAL CENTER										—		—		956.87		956.87
																					—
System Credits 9/26																							956.87
System Debits 9/26																							—
Bank Credit 9/24																									5,370.00
Bank Debit 9/24 (service & inspection fees)																													2,057.75
Bank Debit 9/24 (funds movement adj)																													2,685.00
Trustee Wire 9/24																											627.25
20130930		10012013		30137802	VILLANOVA UNIVERSITY										—		6,375.00		—		6,375.00
																					—
System Credits 9/30																							6,375.00
System Debits 9/30																							—
Bank Credit 9/27																									956.87
Bank Debit 9/27
Bank Debit 9/27 (funds movement adj)
Trustee Wire 9/27																											956.87
					TOTALS:		—		—		—		—		—		9,060.00		956.87		10,016.87		10,016.87		6,326.87		1,584.12		4,742.75
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
		9152013		30113702	HIWASSEE COLL		5,865.36		1,042.64		6,908.00		69,509.30
					TOTALS:		5,865.36		1,042.64		6,908.00		69,509.30
					GRAND TOTAL:		5,865.36		1,042.64		6,908.00		69,509.30

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

September-13

Total System Credits @ 9/30		10,016.87
Total Bank Credits @ 9/30		6,326.87
	in transit
9/24/2013	funds movement adjustment	(2,685.00	)
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	Direct to Lender payments
	overdraft funding
9/30/2013	in transit	6,375.00
		10,016.87
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

September-13

Total Bank Credits @ 9/30		6,326.87
Total Debits to Trustee @ 9/30		1,584.12
9/24/2013	Service Fees	979.75
9/24/2013	Inspection Fees	1,078.00
9/24/2013	funds movement adjustment	2,685.00
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	overdraft funding repay
	funds movement adjustment
	overdraft funding repay
Adjusted Debits to Trustee		6,326.87
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for October 2013

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		Wires		ACH Debits and Other Wires
20131001		10012013		30101701	AZUSA PACIFIC UNIVERSITY		—		618.75		618.75		33,000.00		—		618.75		—			618.75
20131001		10012013		30106904	COLLEGE OF SANTA FE		36,000.00		3,165.00		39,165.00		211,000.00		36,000.00		3,165.00		—			39,165.00
20131001		10012013		30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		—		2,025.00		2,025.00		135,000.00		—		2,025.00		—			2,025.00
20131001		10012013		30109604	DRURY COLLEGE		11,000.00		570.00		11,570.00		38,000.00		11,000.00		570.00		—			11,570.00
20131001		10012013		30110101	ELIZABETH CITY STATE UNIVERSITY		25,000.00		1,875.00		26,875.00		125,000.00		25,000.00		1,875.00		—			26,875.00
20131001		10012013		30117801	MARIAN COLLEGE OF FOND DU LAC		35,000.00		2,250.00		37,250.00		150,000.00		35,000.00		2,250.00		—			37,250.00
20131001		10012013		30121101	NEW ENGLAND COLLEGE		—		510.00		510.00		34,000.00		—		510.00		—			510.00
20131001		0		30123401	PAINE COLLEGE										—		—		65,900.00			65,900.00
20131001		10012013		30133201	UNIV STUDENT COOP HOUSING		—		8,550.00		8,550.00		570,000.00		—		8,550.00		—			8,550.00
20131001		10012013		30136801	UNIVERSITY OF ST THOMAS		35,000.00		4,050.00		39,050.00		270,000.00		35,000.00		4,050.00		—			39,050.00
System Credits 10/1																									231,513.75
System Debits 10/1																									—
Bank Credit 10/1																												12,750.00
Bank Debit 10/1
Bank Debit 10/1 (funds movement adj)																																6,375.00
Trustee Wire 10/1																														6,375.00
20131003		0		30121201	NEWARK BETH ISRAEL MEDICAL CENTER										—		—		(956.87	)		(956.87	)
20131003		7012013		30121201	NEWARK BETH ISRAEL MEDICAL CENTER										—		996.87		—			996.87
20131003		0		30123401	PAINE COLLEGE										—		—		(65,900.00	)		(65,900.00	)
20131003		4012013		30123401	PAINE COLLEGE										—		1,344.00		—			1,344.00
20131003		10012013		30123401	PAINE COLLEGE										—		3,900.00		—			3,900.00
20131003		10012013		30123401	PAINE COLLEGE		62,000.00		3,900.00		65,900.00		261,343.99		60,656.00		—		—			60,656.00
System Credits 10/3																									66,896.87
System Debits 10/3																									(66,856.87	)
Bank Credit 10/2																												397,127.50
Bank Debit 10/2
Bank Debit 10/2 (funds movement adj)																																165,613.75
Trustee Wire 10/2																														231,513.75
20131004		10012013		30112002	GEORGE FOX COLLEGE		11,724.07		1,889.73		13,613.80		251,963.99		11,724.07		1,889.73		0			13,613.80
																						—
System Credits 10/4																									13,613.80
System Debits 10/4																									—
Bank Credit 10/4																												133,793.74
Bank Debit 10/4 (payment reversal)																																66,856.87
Bank Debit 10/4 (funds movement adj)																																66,896.87
Trustee Wire 10/4																														40.00
20131015		9152013		30113702	HIWASSEE COLLEGE										5,865.36		1,042.64		—			6,908.00
																						—
																						—
System Credits 10/15																									6,908.00
System Debits 10/15																									—
Bank Credit 10/7																												27,227.60
Bank Debit 10/7
Bank Debit 10/7 (service fees)
Bank Debit 10/7 (funds movement adj)																																13,613.80
Trustee Wire 10/7																														13,613.80
																						—
																						—
																						—
System Credits 10/16																									—
System Debits 10/16																									—
Bank Credit 10/16																												13,816.00
Bank Debit 10/16
Bank Debit 10/16 (funds movement adj)																																6,908.00
Trustee Wire 10/16																														6,908.00
					TOTALS:		215,724.07		29,403.48		245,127.55		2,079,307.98		220,245.43		32,786.99		(956.87	)		252,075.55			252,075.55			584,714.84		258,450.55		326,264.29
Loans Due in Current Period and Paid in Prior Period:
		10012013		30116201	LASSEN JUNIOR		—		2,685.00		2,685.00		179,000.00
		10012013		30137802	VILLANOVA UNI		—		6,375.00		6,375.00		425,000.00
					TOTALS:		—		9,060.00		9,060.00		604,000.00
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		215,724.07		38,463.48		254,187.55		2,683,307.98

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

October-13

Total System Credits @ 10/31		252,075.55
Total Bank Credits @ 10/31		584,714.84
9/30/2013	in transit	(6,375.00	)
10/1/2013	funds movement adjustment	(6,375.00	)
10/2/2013	funds movement adjustment	(165,613.75	)
10/4/2013	payment reversal	(66,856.87	)
10/4/2013	funds movement adjustment	(66,896.87	)
10/7/2013	funds movement adjustment	(13,613.80	)
10/16/2013	funds movement adjustment	(6,908.00	)
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	Direct to Lender payments
	overdraft funding
	in transit
		252,075.55
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

October-13

Total Bank Credits @ 10/31		584,714.84
Total Debits to Trustee @ 10/31		258,450.55
	Service Fees
	Inspection Fees
10/1/2013	funds movement adjustment	6,375.00
10/2/2013	funds movement adjustment	165,613.75
10/4/2013	payment reversal	66,856.87
10/4/2013	funds movement adjustment	66,896.87
10/7/2013	funds movement adjustment	13,613.80
10/16/2013	funds movement adjustment	6,908.00
	funds movement adjustment
	payment reversal
	funds movement adjustment
	payment reversal
	funds movement adjustment
	overdraft funding repay
	funds movement adjustment
	overdraft funding repay
Adjusted Debits to Trustee		584,714.84
		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for November 2013

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		Wires		ACH Debits and Other Wires
20131101		0		30102604	BENEDICT COLLEGE										—		—		104,240.00			104,240.00
20131101		0		30102604	BENEDICT COLLEGE										—		—		732,160.00			732,160.00
20131101		0		30102604	BENEDICT COLLEGE										—		—		—			—
20131101		0		30102604	BENEDICT COLLEGE										—		—		(836,400.00	)		(836,400.00	)
20131101		0		30102604	BENEDICT COLLEGE										—		8,160.00		—			8,160.00
20131101		0		30102604	BENEDICT COLLEGE		92,000.00		12,240.00		104,240.00		816,000.00		816,000.00		12,240.00		—			828,240.00
20131101		11012013		30104102	CALIFORNIA STATE UNIVERSITY,		105,000.00		1,575.00		106,575.00		105,000.00		105,000.00		1,575.00		—			106,575.00
20131101		11012013		30104201	TRUST SERVICES DIVISION		140,000.00		16,170.00		156,170.00		1,078,000.00		140,000.00		16,170.00		—			156,170.00
20131101		11012013		30109502	DREXEL UNIVERSITY		—		1,225.00		1,225.00		70,000.00		—		1,225.00		—			1,225.00
20131101		11012013		30110802	FAIRLEIGH DICKINSON UNIV		100,000.00		8,250.00		108,250.00		550,000.00		100,000.00		8,250.00		—			108,250.00
20131101		11012013		30112301	GEORGETOWN UNIVERSITY		144,000.00		19,155.00		163,155.00		1,277,000.00		144,000.00		19,155.00		—			163,155.00
20131101		11012013		30112302	GEORGETOWN UNIVERSITY		375,000.00		68,100.00		443,100.00		3,405,000.00		375,000.00		68,100.00		—			443,100.00
20131101		11012013		30117402	LYCOMING COLLEGE		—		362.50		362.50		20,000.00		—		362.49		—			362.49
20131101		0		30117402	LYCOMING COLLEGE										—		—		0.01			0.01
20131101		11012013		30117403	LYCOMING COLLEGE		—		937.50		937.50		49,999.99		—		937.50		—			937.50
20131101		11012013		30117501	LYNCHBURG COLLEGE		—		1,087.50		1,087.50		58,000.00		—		1,087.50		—			1,087.50
20131101		11012013		30117502	LYNCHBURG COLLEGE		—		2,925.00		2,925.00		195,000.00		—		2,925.00		—			2,925.00
20131101		11012013		30118401	MARYMOUNT UNIVERSITY		—		2,025.00		2,025.00		135,000.00		—		2,025.00		—			2,025.00
20131101		11012013		30119202	MERCER UNIV. ACCOUNTING OFFICE		19,694.10		595.25		20,289.35		39,683.48		19,694.09		595.25		—			20,289.34
20131101		11012013		30119801	MILLSAPS COLLEGE		28,000.00		4,200.00		32,200.00		280,000.00		28,000.00		4,200.00		—			32,200.00
20131101		11012013		30120601	MORGAN STATE UNIVERSTIY		88,692.82		4,051.34		92,744.16		270,089.39		88,692.82		4,051.34		—			92,744.16
20131101		0		30125504	RIDER COLLEGE		160,000.00		2,900.00		162,900.00		160,000.00		160,000.00		2,900.00		—			162,900.00
20131101		0		30125506	RIDER COLLEGE										—		—		405.00			405.00
20131101		11012013		30128802	SETON HILL COLLEGE		27,000.00		996.87		27,996.87		55,000.00		27,000.00		996.86		—			27,996.86
20131101		0		30128802	SETON HILL COLLEGE										—		—		0.02			0.02
20131101		11012013		30140502	WITTENBERG UNIVERSITY		—		1,800.00		1,800.00		120,000.00		—		1,800.00		—			1,800.00
20131101		11012013		30140503	WITTENBERG UNIVERSITY		15,000.00		1,170.00		16,170.00		78,000.00		15,000.00		1,170.00		—			16,170.00
																						—
System Credits 11/1																									3,013,117.88
System Debits 11/1																									(836,400.00	)
Bank Credit 11/1
Bank Debit 11/1
Bank Debit 11/1 (funds movement adj)
Trustee Wire 11/1
20131104		11012013		30100103	ALABAMA AGRICULTURAL		—		8,475.00		8,475.00		565,000.00		—		8,475.00		—			8,475.00
20131104		11012013		30102803	BETHANY COLLEGE - HALL BOND 1967		15,000.00		1,425.00		16,425.00		95,000.00		15,000.00		1,425.00		—			16,425.00
																						—
																						—
																						—
																						—
System Credits 11/4																									24,900.00
System Debits 11/4																									—
Bank Credit 11/4																												5,189,430.73
Bank Debit 11/4 (inspection fees)																																405.00
Bank Debit 11/4 (funds movement adj)																																3,012,712.85
Trustee Wire 11/4																														2,176,312.88
20131106		5012014		30117402	LYCOMING COLLEGE										—		0.01		0			0.01
20131106		0		30117402	LYCOMING COLLEGE										—		—		-0.01			(0.01	)
20131106		0		30117402	LYCOMING COLLEGE										—		—		0			—
20131106		0		30125506	RIDER COLLEGE										—		—		450			450.00
20131106		0		30125506	RIDER COLLEGE										—		—		450			450.00
20131106		0		30125506	RIDER COLLEGE										—		—		450.00			450.00
System Credits 11/6																									1,350.01
System Debits 11/6																									(0.01	)
Bank Credit 11/5																												49,800.00
Bank Debit 11/5
Bank Debit 11/5 (funds movement adj)																																24,900.00
Trustee Wire 11/5																														24,900.00
20131107		0		30128802	SETON HILL COLLEGE										—		—		(0.02	)		(0.02	)
20131107		5012014		30128802	SETON HILL COLLEGE										—		0.02		—			0.02
																						—
System Credits 11/7																									0.02
System Debits 11/7																									(0.02	)
Bank Credit 11/7																												1,350.02
Bank Debit 11/7
Bank Debit 11/7 (service fees)
Bank Debit 11/7 (funds movement adj)																																0.02
Trustee Wire 11/7																														1,350.00

20131108	0	30125506	RIDER COLLEGE					—	—	—		—
20131108	0	30125506	RIDER COLLEGE					—	—	(1,755.00	)	(1,755.00	)
20131108	11012013	30125506	RIDER COLLEGE	—	1,755.00	1,755.00	117,000.00	—	1,755.00	—		1,755.00
System Credits 11/8														1,755.00
System Debits 11/8														(1,755.00	)
Bank Credit 11/8																0.04
Bank Debit 11/8 (payment reversal)																		0.02
Bank Debit 11/8 (funds movement adj)																		0.02
Trustee Wire 11/8
20131112	0	30105701	CHAMPLAIN COLLEGE, INC.					—	—	7,051.73		7,051.73
												—
												—
												—
												—
												—
System Credits 11/12														7,051.73
System Debits 11/12														—
Bank Credit 11/12																3,510.00
Bank Debit 11/12 (payment reversal)																		1,755.00
Bank Debit 11/12 (funds movement adj)																		1,755.00
Trustee Wire 11/12
20131113	0	30105701	CHAMPLAIN COLLEGE, INC.					—	—	(7,051.73	)	(7,051.73	)
20131113	11132013	30105701	CHAMPLAIN COLLEGE, INC.					—	—	—		—
20131113	0	30105701	CHAMPLAIN COLLEGE, INC.					6,651.40	100.33	—		6,751.73
												—
System Credits 11/13														6,751.73
System Debits 11/13														(7,051.73	)
Bank Credit 11/13																7,051.73
Bank Credit 11/13
Bank Debit 11/13 (service fees)																		956.87
Bank Debit 11/13 (funds movement adj)
Trustee Wire 11/13																	6,094.86
20131120	11012013	30114001	HOOD COLLEGE	24,000.00	706.87	24,706.87	39,000.00	24,000.00	706.87	—		24,706.87
												—
												—
System Credits 11/20														24,706.87
System Debits 11/20														—
Bank Credit 11/14																13,503.46
Bank Credit (overdraft funding) 11/14																300.00
Bank Debit 11/14 (payment reversal)																		7,051.73
Bank Debit 11/14 (funds movement adj)																		6,751.73
Trustee Wire 11/14
System Credits 11/21														—
System Debits 11/21														—
Bank Credit 11/21																49,413.74
Bank Debit 11/25 (overdraft funding repay)																		300.00
Bank Debit 11/21 (funds movement adj)																		24,706.87
Trustee Wire 11/21																	24,406.87
			TOTALS:	1,333,386.92	162,127.83	1,495,514.75	9,577,772.86	2,064,038.31	170,388.17	—		2,234,426.48		2,234,426.48		5,314,359.72	2,233,064.61	3,081,295.11
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	1,333,386.92	162,127.83	1,495,514.75	9,577,772.86

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

November-13

Total System Credits @ 11/30		2,234,426.48
Total Bank Credits @ 11/30		5,314,359.72
	in transit
11/4/2013	funds movement adjustment	(3,012,712.85	)
11/5/2013	funds movement adjustment	(24,900.00	)
11/7/2013	funds movement adjustment	(0.02	)
11/8/2013	payment reversal	(0.02	)
11/8/2013	funds movement adjustment	(0.02	)
11/12/2013	payment reversal	(1,755.00	)
11/12/2013	funds movement adjustment	(1,755.00	)
11/14/2013	payment reversal	(7,051.73	)
11/14/2013	funds movement adjustment	(6,751.73	)
11/21/2013	funds movement adjustment	(24,706.87	)
	Direct to Lender payments
11/14/2013	overdraft funding	(300.00	)
	in transit
		2,234,426.48
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

November-13

Total Bank Credits @ 11/30		5,314,359.72
Total Debits to Trustee @ 11/30		2,233,064.61
11/13/2013	Service Fees	956.87
11/4/2013	Inspection Fees	405.00
11/4/2013	funds movement adjustment	3,012,712.85
11/5/2013	funds movement adjustment	24,900.00
11/7/2013	funds movement adjustment	0.02
11/8/2013	payment reversal	0.02
11/8/2013	funds movement adjustment	0.02
11/12/2013	payment reversal	1,755.00
11/12/2013	funds movement adjustment	1,755.00
11/14/2013	payment reversal	7,051.73
11/14/2013	funds movement adjustment	6,751.73
11/25/2013	overdraft funding repay	300.00
11/21/2013	funds movement adjustment	24,706.87
	payment reversal
	funds movement adjustment
	overdraft funding repay
Adjusted Debits to Trustee		5,314,359.72
		—