8-K

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: March 15, 2005

(Date of earliest event reported)

Commission file number 333-75952

SLC STUDENT LOAN RECEIVABLES I, INC.	Delaware	04-3598719
(Depositor)
SLC STUDENT LOAN TRUST-I	Delaware	04-6959982
(Issuer of Notes)
(Exact name of co-registrants as specified in their charters)	(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Nos.)

750 Washington Blvd., Stamford, Connecticut	06901
(Address of principal executive office)	(Zip Code)
(203) 975-6923
(203) 975-6112
(Registrants’ Telephone Numbers, including area code)

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 Exhibit 99.1 for the monthly statement and Exhibit 99.2 for the Servicer Certificate hereto distributed to holders of SLC Student Loan Trust-I, Student Loan Asset Backed Notes, Series 2002-1 and 2002-2.

ITEM 9.01.      Financial Statements and Exhibits

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

Exhibit No.	Description
99.1	Monthly statement distributed to holders of SLC
	Student Loan Trust-I, Student Loan Asset
	Backed Notes, Series 2002-1 and 2002-2
	for the month ended February 28, 2005.
99.2	Servicer Certificate distributed to holders of SLC
	Student Loan Trust-I, Student Loan Asset
	Backed Notes, Series 2002-1 and 2002-2
	for the month ended February 28, 2005.

SIGNATURE

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

	By:   THE STUDENT LOAN CORPORATION, AS
	SERVICER
Date: March 16, 2005
	By:          /s/ Daniel P. McHugh
	Name:     Daniel P. McHugh
	Title:       Chief Financial Officer

	INDEX TO EXHIBITS
Exhibit No.	Description of Exhibits
99.1	Monthly statement distributed to holders of SLC Student Loan Trust-I,     Student Loan Asset Backed Notes, Series 2002-1 and 2002-2 for the     month ended February 28, 2005.
99.2	Servicer Certificate distributed to holders of SLC Student Loan Trust-I,     Student Loan Asset Backed Notes, Series 2002-1 and 2002-2 for the     month ended February 28, 2005.

EX-99

Exhibit 99.1

SLC Student Loan Trust - I
Statement to Note Holders
As of and for the month ended February 28, 2005
Pursuant to Section 11.04 of the Trust Indenture, the following is provided to the trustee by the issuer. The information shown below has not been independently verified, however is believed to be accurate to the best of the issuer's knowledge.
(a) The amount of payments with respect to each Class paid with respect to principal during February 2005;
Class	Principal Paid
A-1	$   425,000.00
A-2	$   425,000.00
A-3	$   300,000.00
A-4	$   400,000.00
A-5	$   550,000.00
A-6	$   550,000.00
A-7	$   700,000.00
B-1	$              0.00
B-2	$              0.00
(b) The amount of payments with respect to each Class paid with respect to interest during February 2005;
Class	Interest Paid
A-1	$95,994.81
A-2	$96,777.54
A-3	$94,449.42
A-4	$100,853.87
A-5	$102,967.28
A-6	$101,260.64
A-7	$102,061.08
B-1	$15,673.60
B-2	$11,022.08
(c) The amount of payments allocable to any Noteholders' Auction Rate Interest Carryover (for each Class of Auction Rate Notes only), together with any remaining outstanding amount of each thereof;
	Interest Carryover
Auction Rate Notes	$0.00
(d) The principal balance of financed student loans as of February 28, 2005;
Principal Balance of Financed Student Loans                       $375,061,399.07
(e) The aggregate outstanding amount of the Notes of each Class as of February 28, 2005, after giving effect to payments allocated to principal reported under clause (a) above;
Class	Principal Outstanding
A-1	$49,750,000.00
A-2	$49,750,000.00
A-3	$49,875,000.00
A-4	$53,625,000.00
A-5	$54,150,000.00
A-6	$54,150,000.00
A-7	$53,750,000.00
B-1	$7,750,000.00
B-2	$5,450,000.00

(f) The interest rate for the applicable Class of Notes with respect to each payment referred to in clause (b) above, indicating whether such interest rate is calculated based on the Net Loan Rate or based on the applicable Auction rate (for each Class of the Auction Rate Notes only) as of February 28, 2005;

	Calculation Method
	(Actual Method in Bold)
Class	Net Loan Rate	Auction Rate
A-1	N/A	2.5890%
A-2	N/A	2.5800%
A-3	N/A	2.5900%
A-4	N/A	2.6000%
A-5	N/A	2.6000%
A-6	N/A	2.6000%
A-7	N/A	2.6200%
B-1	N/A	2.6000%
B-2	N/A	2.6500%
(g) The amount of the Servicing Fees paid by the Trust during February 2005;
Servicing Fees	$38,369.50
(h) The amount of the Administration Fee, Broker/Dealer Fee, Auction Agent Fee and Trustee Fee, paid by the Trust during February 2005;
Administration Fee	$1,180.60
Broker/Dealer Fee	$74,199.99
Auction Agent Fee	$0.00
Trustee Fee	$0.00
(i) The amount of Net Losses, if any, during February 2005 and any recoveries of principal and interest received during February 2005 relating to the financed student loans for which Net Losses were previously allocated;
Net Losses	$0.00
Recoveries	$0.00

(j) The amount of the payments attributable to amounts in the Reserve Fund, the amount of any other withdrawals from the Reserve Fund during February 2005 and the balance of the Reserve Fund as of February 28, 2005;
	Payments	Withdrawals	Balance
Reserve Fund	$10,471.55	$0.00	$5,890,199.57

(k) The portion, if any, of the payments attributable to amounts on deposit in the Acquisition Fund;
The portion of payments attributable to the Acquisition Fund	$0.00
(l) The aggregate amount, if any, paid by the Trustee to acquire eligible loans from amounts on deposit in the Acquisition Fund during February 2005;

	Principal	Interest	Premium
Loan Acquisitions	$0.00	$0.00	$0.00

(m) The amount remaining in the Acquisition Fund that has not been used to acquire eligible loans and is being transferred for the redemption of the Notes;

            Transfers from Acquisition Fund for the Redemption of the Notes                           $0.00

(n) The aggregate amount, if any, paid for the financed student loans purchased from the Trust during February 2005;

            Loans sold from the Trust (principal, interest, and premium)                                   $0.00

(o) The number and principal amount of the financed student loans ^, as of February 28, 2005, that are (i) 0 to 30 days delinquent, (ii) 31 to 60 days delinquent, (iii) 61 to 90 days delinquent, (iv) 91 to 120 days delinquent, (v) more than 120 days delinquent and (vi) for which claims have been filed with the appropriate Guaranty Agency and which are awaiting payment;

		Principal	% of Total Principal
Delinquencies	Number of Loans	Outstanding	Outstanding
0 - 30 days	16,874	$286,128,489.56	76.3%
31 - 60 days	441	$8,480,552.59	2.3%
61 - 90 days	157	$3,277,041.22	0.9%
91 - 120 days	112	$2,233,782.51	0.6%
121 - 150 days	96	$1,775,884.60	0.5%
151 - 180 days	79	$1,648,394.43	0.4%
181 - 210 days	69	$1,665,529.44	0.4%
211 - 240 days	43	$1,030,968.35	0.3%
241 - 270 days	2	$53,610.95	0.0%
Claims to be filed	60	$1,345,029.68	0.4%
Claims filed	29	$600,770.52	0.2%
^Does not include loans in forbearance and deferment (Refer to item (q) for these loan amounts)

(p) The total Value of the Trust Estate and the outstanding principal amount of the Notes as of February 28, 2005;
Assets
Cash & Cash Equivalents*	$5,008,193.57
Student Loan Receivables	$375,061,399.07
Reserves	$5,890,199.57
Other Loan Receivables	$3,630,093.93
Total Assets	$389,589,886.14
Liabilities
Class A-1	$49,750,000.00
Class A-2	$49,750,000.00
Class A-3	$49,875,000.00
Class A-4	$53,625,000.00
Class A-5	$54,150,000.00
Class A-6	$54,150,000.00
Class A-7	$53,750,000.00
Class B-1	$7,750,000.00
Class B-2	$5,450,000.00
Accrued Liabilities	$856,092.11
Total Liabilities	$379,106,092.11
* The Trust had a cash release of $400,000 on February 24, 2005.

Parity Ratio (Notes Only)	103.00%
Parity Ratio (All Liabilities)	102.77%
Parity Ratio (Senior Liabilities)	106.72%
(q) The number and percentage by dollar amount of (i) rejected federal reimbursement claims for the financed student loans, (ii) the financed student loans in forbearance and (iii) the financed student loans in deferment as of February 28, 2005.
		Principal	% of Total Principal
Delinquencies	Number of Loans	Outstanding	Outstanding
Rejected Claims	0	$0.00	0.0%
Loans in Forbearance	1,153	$26,421,617.69	7.0%
Loans in Deferment	2,341	$40,402,260.84	10.8%

A copy of the statements referred to above may be obtained by any Note Holder by a written request to the Trustee, addressed to its Corporate Trust Office.

EX-99

Exhibit 99.2

Servicer Certificate

Deutsche Bank Trust Company Americas

Attention: Peter Becker

280 Park Avenue

New York, NY 10017

As an officer of The Student Loan Corporation, the master servicer of SLC Student Loan Trust-I, I hereby certify that the information provided in the monthly report to holders of SLC Student Loan Asset Backed Notes Series 2002-1 and 2002-2 for the month ended February 28, 2005 is accurate to the best of my knowledge.

Name (Print):	Daniel P. McHugh
	Chief Financial Officer
	The Student Loan Corporation
	750 Washington Blvd., 9th Floor
	Stamford, CT 06901
	(203)975-6112
Signature:	/s/ Daniel P. McHugh	Date: March 15, 2005