Fitch Affirms 4 Classes of Educational Loan Company Trust I Student Loan Notes.

NEW YORK -- Fitch Ratings affirms the following student loan asset-backed notes issued by Educational Loan Company:

Educational Loan Company Trust I

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class B at 'A'.

The collateral securing the debt includes Federal Family Education Loan Program (FFELP). FFELP loans are guaranteed by an eligible guarantor to at least 97% of principal and accrued interest, depending on loan origination date. The FFELP loans are also reinsured by the U.S. Department of Education up to the same amounts.

Overall, collateral performance for all of the trusts has been consistent with or better than expectations from a net default and delinquency perspective. As a result, trust asset to liability or parity ratios have increased due to positive levels of excess spread generated.

The servicers for this transaction are Great Lakes Educational Loan Services (rated 'Proficient Plus' for FFELP loans by Fitch) and ACS (IDR rating 'BB').

Educational Loan Company Trust I, is a Delaware statutory trust. The issuer was formed in Delaware pursuant to a Trust agreement dated August 7, 2006 between Wilmington Trust Company, as Delaware Trustee and Educational Loan Funding I, LLC, as Depositor.

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