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): May 31, 2004



COLLEGE LOAN CORPORATION TRUST I
(Issuer of the Notes)

COLLEGE LOAN CORPORATION
(Depositor of the Issuer of the Notes)
(Exact name of Co-Registrant as specified in its charter)

Delaware
California 333-102791-01
333-102791 45-6110137
33-0873915

(State or other jurisdiction of
incorporation or organization) (Commission File Number) (I.R.S. employer identification number)

16855 W. Bernardo Drive Suite 100, San Diego, California      92127
(Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code (888) 972-6311
Not Applicable (Former name or former address, if changed since last report.)

Item 5.    Other Events.

On May 20, 2004, College Loan Corporation Trust I issued $1,300,000,000.00 aggregate principal amount of its Student Loan Asset-Backed Notes, Series 2004-1.

See the monthly statement attached as Exhibit 20.1 hereto distributed to holders of College Loan Corporation Trust I Student Loan Asset-Backed Notes, Series 2003-2 and Series 2004-1.

Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.

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

                      Exhibit No.

20.1       Monthly statement distributed to holders of College Loan Corporation Trust I Student Loan Asset-Backed
                             Notes, Series 2003-2 and Series 2004-1.

SIGNATURES

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

COLLEGE LOAN CORPORATION TRUST I
COLLEGE LOAN CORPORATION
(Co-Registrants)

Dated: June 15, 2004           College Loan Corporation, as Co-
          Registrant

By:/s/ Elizabeth Wood                         
      Name: Elizabeth Wood
      Title: Chief Financial Officer

Dated: June 15, 2004      College Loan Corporation Trust I,
     as Co-Registrant, by College Loan LLC, as
     Sponsor

By:/s/ Elizabeth Wood                         
      Name: Elizabeth Wood
      Title: Chief Financial Officer

EXHIBIT INDEX

Exhibit Number

20.1 Description

Monthly statement distributed to holders of College Loan Corporation Trust I Student Loan Asset-Backed Notes, Series 2003-2 and Series 2004-1.