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: February 13, 2004

(Date of earliest event reported)

SLC Student Loan Receivables I, Inc.

SLC Student Loan Trust-I

(Exact name of registrant as specified in its charter)

SLC Student Loan Trust-I, Student Loan Asset Backed Notes, Series 2002-1 and Series 2002-2

(Name of Issue)

Delaware		04-3598719
Delaware	333-75952	04-6959982
(State of Incorporation)	(Commision File No.)	(I.R.S. Employer Identification Nos.)
750 Washington Boulevard
Stamford, Connecticut		06901
Address of principal executive office		(Zip Code)

(203) 975-6923

(Registrant's Telephone Number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

                            

ITEM 5.      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 7.      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 January 31, 2004.
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 January 31, 2004.

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: February 17, 2004
	By:          /s/ Michael Reardon
	Name:      Michael Reardon
	Title:       Acting 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 January 31, 2004.
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 January 31, 2004.

EX-99

Exhibit 99.1

SLC Student Loan Trust - I
Statement to Note Holders
As of and for the month ended January 31, 2004
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 January 2004;
Class	Principal Paid
A-1	$400,000.00
A-2	$800,000.00
A-3	$400,000.00
A-4	$500,000.00
A-5	$250,000.00
A-6	$250,000.00
A-7	$250,000.00
B-1	$0.00
B-2	$0.00
(b) The amount of payments with respect to each Class paid with respect to interest during January 2004;
Class	Interest Paid
A-1	$47,497.50
A-2	$96,403.15
A-3	$50,452.44
A-4	$53,775.65
A-5	$54,498.88
A-6	$54,055.04
A-7	$56,320.96
B-1	$14,871.80
B-2	$  9,788.66
(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 January 31, 2004;
Principal Balance of Financed Student Loans                       $411,677,520.57
(e) The aggregate outstanding amount of the Notes of each Class as of January 31, 2004, after giving effect to payments allocated to principal reported under clause (a) above;
Class	Principal Outstanding
A-1	$52,375,000.00
A-2	$52,375,000.00
A-3	$52,775,000.00
A-4	$57,125,000.00
A-5	$58,150,000.00
A-6	$58,150,000.00
A-7	$58,150,000.00
B-1	$15,250,000.00
B-2	$10,150,000.00

(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 January 31, 2004;

	Calculation Method
	(Actual Method in Bold)
Class	Net Loan Rate	Auction Rate
A-1	N/A	1.0900%
A-2	N/A	1.0700%
A-3	N/A	1.1290%
A-4	N/A	1.1200%
A-5	N/A	1.1400%
A-6	N/A	1.1000%
A-7	N/A	1.1400%
B-1	N/A	1.1700%
B-2	N/A	1.1500%
(g) The amount of the Servicing Fees paid by the Trust during January 2004;
Servicing Fees	$43,059.78
(h) The amount of the Administration Fee, Broker/Dealer Fee, Auction Agent Fee and Trustee Fee, paid by the Trust during January 2004;
Administration Fee	$1,270.20
Broker/Dealer Fee	$90,943.58
Auction Agent Fee	$0.00
Trustee Fee	$7,500.00
(i) The amount of Net Losses, if any, during January 2004 and any recoveries of principal and interest received during January 2004 relating to the financed student loans for which Net Losses were previously allocated;
Net Losses	$9,256.14
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 January 2004 and the balance of the Reserve Fund as of January 31, 2004;
	Payments	Withdrawals	Balance
Reserve Fund	$4,518.09	$0.00	$5,803,868.82

(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 January 2004;

	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 January 2004;

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

(o) The number and principal amount of the financed student loans, as of January 31, 2004, that are (i) 31 to 60 days delinquent, (ii) 61 to 90 days delinquent, (iii) 91 to 120 days delinquent, (iv) more than 120 days delinquent and (v) 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
31 - 60 days	494	$9,120,595.91	2.2%
61 - 90 days	187	$3,324,520.11	0.8%
91 - 120 days	137	$2,570,271.53	0.6%
121 - 150 days	86	$1,827,123.04	0.4%
151 - 180 days	72	$1,212,418.91	0.3%
181 - 210 days	40	$637,099.58	0.2%
211 - 240 days	33	$619,684.63	0.2%
241 - 270 days	0	$0.00	0.0%
Claims to be filed	85	$1,549,208.12	0.4%
Claims filed	37	$847,390.72	0.2%
(p) The total Value of the Trust Estate and the outstanding principal amount of the Notes as of January 31, 2004;
Assets
Cash & Cash Equivalents	$4,374,967.61
Student Loan Receivables	$411,677,520.57
Reserves	$5,803,868.82
Other Loan Receivables	$4,004,702.59
Total Assets	$425,861,059.59
Liabilities
Class A-1	$52,375,000.00
Class A-2	$52,375,000.00
Class A-3	$52,775,000.00
Class A-4	$57,125,000.00
Class A-5	$58,150,000.00
Class A-6	$58,150,000.00
Class A-7	$58,150,000.00
Class B-1	$15,250,000.00
Class B-2	$10,150,000.00
Accrued Liabilities	$610,688.85
Total Liabilities	$415,110,688.85

Parity Ratio (Notes Only)	102.74%
Parity Ratio (All Liabilities)	102.59%
Parity Ratio (Senior Liabilities)	109.45%
(q) The number and percentage by dollar amount of (i) the 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 January 31, 2004.
		Principal	% of Total Principal
Delinquencies	Number of Loans	Outstanding	Outstanding
Rejected Claims	0	$0.00	0.0%
Loans in Forbearance	1,199	$26,057,902.24	6.3%
Loans in Deferment	2,435	$44,341,333.10	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 January 31, 2004 is accurate to the best of my knowledge.

Name (Print):	Michael Reardon
	Acting Chief Financial Officer
	The Student Loan Corporation
	750 Washington Blvd., 9th Floor
	Stamford, CT 06901
	(203)975-5018
Signature:	/s/ Michael Reardon	Date: February 13, 2004