LISTING SUPPLEMENT $189000000 Class A-1 Notes $342100000 ...

In addition, you may obtain copies of the registration statement from the Public
Reference Branch of the Securities and Exchange Commission, 450 Fifth Street, N.W.,
Washington, D.C. 20549 upon payment of certain prescribed fees. You may obtain information
on the operation of the Securities and Exchange Commission’s public reference facilities by
calling the Securities and Exchange Commission at 1-800-SEC-0330.
The registration statement may also be accessed electronically through the Securities and
Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval, or EDGAR, system
at the Securities and Exchange Commission’s website located at http://www.sec.gov.
REPORTS TO NOTEHOLDERS
Periodic reports concerning the trusts will be delivered to the noteholders. Generally,
you will receive those reports not from the trust, but through Cede & Co., as nominee of The
Depository Trust Company and registered holder of the notes.
Each trust will file with the Securities and Exchange Commission periodic reports
required under the Securities Exchange Act of 1934, as amended and the rules of the Securities
and Exchange Commission.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
All reports and other documents filed by or for a trust under sections 13(a), 13(c), 14 or
15(d) of the Securities Exchange Act of 1934, as amended, after the date of this prospectus and
before the termination of the offering of the notes will be deemed to be incorporated by reference
into this prospectus. Any statement contained in this prospectus or in a document incorporated
or deemed to be incorporated by reference may be modified or superseded by a subsequently
filed document.
We will provide without charge to each person, including any beneficial owner, to whom
a copy of this prospectus is delivered, on the written or oral request of that person, a copy of any
or all of the documents incorporated in this prospectus or in any related prospectus supplement
by reference, except the exhibits to those documents, unless the exhibits are specifically
incorporated by reference.
Written requests for copies should be directed to The National Collegiate Funding LLC,
in care of The First Marblehead Corporation, 800 Boylston Street, 34 th Floor, Boston,
Massachusetts 02199-8157. Telephone requests for copies should be directed to (800) 895-4283.
UNDERWRITING
The underwriters named in each prospectus supplement and we will enter into an
underwriting agreement for the notes of the related series. Under the underwriting and
placement agreements, we will agree to cause the related trust to sell to the underwriters, and
each of the underwriters will severally agree to purchase, the amount of each class of notes listed
in the prospectus supplement.
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