UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) December 27, 2005

Higher Education Funding I (Issuer of the Notes)

Consolidation Loan Funding II, LLC (Depositor of the Issuer of the Notes)

(Exact Name of Co-Registrant as Specified in its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)


333-121494-01 333-121494-03		41-6527138 36-4546571
*(Commission File Numbers)*		*(I.R.S. employer identification number)*

9477 Waples Street, Suite 100 San Diego, California 92121		9477 Waples Street, Suite 100 San Diego, California 92121
*(Address of Principal Executive Offices)*		*(Address of Principal Executive Offices)*

(858) 320-6799

(Co-Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

See the monthly statement attached as Exhibit 20.1 hereto.

Item 9.01. Financial Statements and Exhibits.

(c)

Exhibits furnished in accordance with Item 601(a) of Regulation S-K.


Exhibit No.		Document Description
20.1		Monthly statement.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the Co-Registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


January 4, 2006	HIGHER EDUCATION FUNDING I, as Co-Registrant
	By: Goal Financial, LLC, as Issuer Administrator of Higher Education Funding I

	By:	/s/ Seamus Garland
	Name:	Seamus Garland
	Title:	Secretary

January 4, 2006	CONSOLIDATION LOAN FUNDING II, LLC, as Co-Registrant
	By: Goal Financial, LLC, as Manager of Consolidation Loan Funding II, LLC

	By:	/s/ Seamus Garland
	Name:	Seamus Garland
	Title:	Secretary

EXHIBIT INDEX


Exhibit No.		Document Description
20.1		Monthly statement.

CONSOLIDATION LOAN FUNDING II, LLC 8-K