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        <CurrentTaxYearMinus4Years>917023</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>446636</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>160327</CurrentTaxYearMinus2Years>
        <CurrentTaxYear>18337</CurrentTaxYear>
        <Total>1542323</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>917023</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>446636</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>160327</CurrentTaxYearMinus2Years>
        <CurrentTaxYear>18337</CurrentTaxYear>
        <Total>1542323</Total>
      </InvestmentIncomeAndUBTI>
      <OtherIncome509>
        <CurrentTaxYearMinus1Year>20420186</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>3169664</CurrentTaxYear>
        <Total>23589850</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>72002727</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>66311895</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>45002229</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>45773702</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>27795319</CurrentTaxYear>
        <Total>256885872</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.90220</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.98350</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00600</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.01650</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <TotalOfBookValueLandBuildings>0</TotalOfBookValueLandBuildings>
      <InvestmentsProgramRelated>
        <Description>STUDENT LOAN PORTFOLIO</Description>
        <BookValue>615244735</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </InvestmentsProgramRelated>
      <TotalOfBookValueProgramRelated>615244735</TotalOfBookValueProgramRelated>
      <OtherLiabilities>
        <Description>BONDS PAYABLE</Description>
        <Amount>637600000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>637600000</TotalOfAmounts>
      <TotalRevenue>27799551</TotalRevenue>
      <TotalExpenses>17912557</TotalExpenses>
      <ExcessOrDeficitForYear>9886994</ExcessOrDeficitForYear>
      <TotalAdjustments>0</TotalAdjustments>
      <ExcessOrDeficitPerFS>9886994</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>27799551</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>27799551</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>27799551</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>17912557</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>17912557</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>17912557</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>CSLF IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED IN THE FINANCIAL STATEMENTS. CSLF CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, PROPOSED SETTLEMENTS, AND CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS TO DETERMINE IF THE ORGANIZATION HAS ANY UNCERTAIN TAX POSITIONS. AS OF SEPTEMBER 30, 2011, CSLF DOES NOT BELIEVE IT IS EXPOSED TO ANY UNCERTAIN TAX POSITIONS. CURRENTLY, THE CSLFS INFORMATIONAL RETURNS FOR 2007-2010 REMAIN OPEN TO INSPECTION BY THE IRS.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 3</Identifier>
        <Explanation>CSLF CONTRACTED ALL ADMINISTRATION TO EDUCATION SOLUTION PARTNERS, LLC ("ESP") EFFECTIVE JANUARY 4, 2010. THE ROCKY HILL, CT FACILITY WAS CLOSED FEBRUARY 2010. CSLF HAS NO ACTIVE EMPLOYEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE BOARD OF DIRECTORS REVIEWS AND APPROVES FORM 990 BEFORE FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>AMENDED RETURN</Identifier>
        <ReturnReference>FORM 990, ITEM C</ReturnReference>
        <Explanation>PRIOR RETURN ORIGINALLY FILED DID NOT HAVE THE CORRECT ADDRESS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>