Exhibit 99.1

CIT Education Loan Trust 2005-1

Statements to Noteholders

November 30, 2005

(per Section 11.04)


Payments on each Series of Notes during the month ended:		November 30, 2005


Information on Each Series of Notes as of:		November 30, 2005

CIT Education Loan Trust 2005-1

Statements to Noteholders

November 30, 2005

(per Section 11.04)


Value of the Trust Estate as of:		November 30, 2005


Principal Balance of Financed Student Loans	932,007,894.89
Accrued Interest on Financed Student Loans	11,661,295.48
Cash and Investment Balance	63,348,751.38
Accrued Interest on Cash and Investments	162,056.57

	1,007,179,998.32

Accrued Interest and Fees with respect to the Notes	8,317,943.81

Pool Balance	932,007,894.89

Parity Percentage	100.45	%

Senior Parity Percentage	103.57	%


Rollforward of Indenture Funds during month ended:		November 30, 2005


	Distribution Account		Collection Account		Acquisition Account		Reserve Account		Capitalized Interest Account
Beginning Balance	18,911,285.95		21,424,475.00		0.34		4,822,986.75		4,167,000.00
Withdrawals	(987,798.25	)	(12,413,603.20	)	(0.34	)	(112,827.34	)	(11,622.58	)
Deposits	12,566,571.20		13,576,109.23		—		13,452.24		11,622.58

Ending Balance	30,490,058.90		22,586,981.03		0.00		4,723,611.65		4,167,000.00


Amounts allocated during month ended:		November 30, 2005


Activity on Financed Student Loans during month ended:		November 30, 2005


Recoveries of Principal		9,769,961.49

Recoveries of Interest		2,941,518.73

Acquisitions of Financed Student Loans

Sales of Financed Student Loans		—

Initial federal reimbursement claims		172,681.00

Rejected federal reimbursement claims		—

CIT Education Loan Trust 2005-1

Statements to Noteholders

Portfolio Statistics

November 30, 2005

(per Section 11.04)

CIT Education Loan Trust 2005-1 8-K