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Successful remarketing of the A-7 into USD on 10/25/2017

$149,000,000 Class A-1 Floating Rate Asset-Backed Senior Notes
$352,000,000 Class A-2 Floating Rate Asset-Backed Senior Notes
$191,000,000 Class A-3 Floating Rate Asset-Backed Senior Notes
$386,500,000 Class A-4 Floating Rate Asset-Backed Senior Notes
$345,000,000 Class A-5 Floating Rate Asset-Backed Senior Notes
$115,000,000 Class A-6 Floating Rate Asset-Backed Senior Notes
$450,000,000 Class A-7 Floating Rate Asset-Backed Senior Notes
$61,500,000 Class B Floating Rate Asset-Backed Subordinate Notes

Date of Issue: May 18, 2006

Issue Amount: $2,050,000,000

Securities Offered:

Class A-1 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of
$149,000,000
Rate: Three-Month LIBOR - .03%
CUSIP: 640315 AA 5
ISIN: US 640315AA50
European Common Code: 025518659

Class A-2 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of
$352,000,000
Rate: Three-Month LIBOR - .01%
CUSIP: 640315 AB 3
ISIN: US 640315 AB34
European Common Code: 025518012

Class A-3 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of
$191,000,000
Rate: Three-Month LIBOR + .04%
CUSIP: 640315 AC 1
ISIN: US 640315AC17
European Common Code: 025518675

Class A-4 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of
$386,500,000
Rate: Three-Month LIBOR + .08%
CUSIP: 640315 AD 9
ISIN: US 640315AD99
European Common Code: 025524659

Class A-5 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of
$345,000,000
Rate: Three-Month LIBOR + .10%
CUSIP: 640315 AE 7
ISIN: US 640315AE72
European Common Code: 025524772

Class A-6 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of
$115,000,000
Rate: Three-Month LIBOR + .12%
CUSIP: 640315 AF 4
ISIN: US 640315AF4
European Common Code: 025524853

Class A-7 Floating Rate Asset-Backed Senior Notes in the aggregate principal amount of
€352,665,000
Rate: Three-Month EURIBOR + .10%
CUSIP: N/A
ISIN: XS 02545662209
European Common Code: 025456220

Class B Notes in the aggregate principal amount of
$61,500,000
Rate: Three-Month LIBOR + .20 %
CUSIP: 640315 AH 0
ISIN: US 640135AH04
European Common Code: 025524888

Master Servicer and Administrator: National Education Loan Network, Inc.

Eligible Lender and Indenture Trustee: Wells Fargo Bank, National Association

Underwriters:
JP Morgan
Morgan Stanley
Barclays Capital
DEPFA BANK
Deutsche Bank Securities
Nelnet Capital, LLC
Societe Generale Corporate & Investment Banking
SunTrust Robinson Humphrey

Rating:

Senior Series 2006-2 A-1 Notes, A-2 Notes, A-3 Notes, A-4 Notes, A-5 Notes, A-6 Notes, A-7 Notes
Aaa Moody's
AAA Standard & Poor's
AAA Fitch

Subordinate Series 2006-2 B Notes
Aa1 Moody's
AA+ Standard & Poor's
AA+ Fitch