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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K

(Mark One)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  X   No      

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

 X 

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act).

Yes        No  X  

State the aggregate market value of the voting and non-voting common stock held by non-affiliates of the Registrants. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked price of such stock, as of a specified date within 60 days prior to the date of filing. (See definition of affiliate in Rule 405).

   Not applicable.

Documents Incorporated by Reference:

   None

PART I

Item 1.    Business

   The sole business of SLC Student Loan Receivables I, Inc. (the "Depositor) and SLC Student Loan Trust-I (the "Trust") is to issue asset-backed notes (the "Notes"). These Notes are issued by the Trust backed by student loans first transferred by The Student Loan Corporation (the "Servicer") to the Depositor, and then by the Depositor to the Trust. The Servicer services the loans on behalf of the Trust and provides administrative services to the Trust. Payments received by the Servicer and transferred to the Trust with respect to such loans are used to make payments on the Notes.

Item 2.     Properties

   Not Applicable

Item 3.     Legal Proceedings

   Neither the Depositor nor the Trust knows of any material pending legal proceedings with respect to the Trust, involving the Trust, the Depositor, the Servicer, Deutsche Bank Trust Company Americas, formerly known as Bankers Trust Company (the "Indenture Trustee"), the Depositor's eligible lender trustee or the Trust assets, other than ordinary routine litigation incidental to the duties of the Indenture Trustee, the Servicer, or the Depositor under the Servicing Agreement between the Servicer and the Trust dated as of March 27, 2002.

Item 4.     Submission of Matters to a Vote of Security-Holders

    No matter was submitted during the fiscal year covered by this report to a vote of Note Holders.

PART II

Item 5.    Market for Registrant's Common Equity and Related Stockholder Matters

   Each class of Notes is represented by one or more Notes registered in the name of Cede & Co., the nominee of the Depository Trust Company.

   To the knowledge of the Depositor and the Trust, there is no established public trading market for the Notes.

Item 6.     Selected Financial Data

   Not Applicable.

Item 7.     Management's Discussion and Analysis of Financial Condition and Results of Operations

   Not Applicable.

Item 7A.     Quantitative and Qualitative Disclosures About Market Risk

   Not Applicable.

Item 8.     Financial Statements and Supplementary Data

   Exhibit 99.1 is filed as part of this report and listed in Item 15(a) below. This exhibit is also filed as part of this report under this Item 8.

Item 9.     Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

   None

PART III

Item 10.     Directors and Executive Officers of the Registrant

   Not Applicable

Item 11.     Executive Compensation

   Not Applicable

Item 12.     Security Ownership of Certain Beneficial Owners and Management and Related
                  Stockholder Matters

                 (a) Each class of Notes is represented by one or more Notes registered in the name of Cede & Co., the nominee of The Depository Trust Company ("DTC"), and an investor holding an interest in the Trust is not entitled to receive a note representing such interest except in certain limited circumstances. Accordingly, Cede & Co. is the sole holder of record of Notes, which it held on behalf of brokers, dealers, banks and other direct participants in the DTC system at December 31, 2002. Such direct participants may hold Notes for their own accounts or for the accounts of their customers. At December 31, 2002, the following direct DTC participants held positions in the Notes representing interests in the Trust equal to or exceeding 5% of the total principal amount of each class of Notes on that date:

SERIES 2002-1

SERIES 2002-2

Item 13.     Certain Relationships and Related Transactions.

Item 14.     Controls and Procedures

PART IV

SIGNATURES

                        Pursuant to the requirements of Section 13 or 15(d) 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 on this 27th day of March, 2003.

Exhibit 99.1

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

Exhibit 99.2

CERTIFICATION

Pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002

I, Steven J. Gorey, certify that:

/s/ Steven J. Gorey      
Steven J. Gorey
Chief Financial Officer
SLC Student Loan Receivables I, Inc.
March 27, 2003

Exhibit 99.3

Annual Servicer's Certificate

Standard & Poor's Ratings Services
55 Water Street
New York, New York 10041
Attention: Asset-Backed Surveillance Group

Fitch Ratings
One State Street Plaza
New York, New York 10004
Attention: Structured Finance

Moody's Investors Service Inc.
99 Church Street
New York, New York 10007
Attention: Structured Finance

Deutsche Bank Trust Company Americas
Attn: Peter Becker
280 Park Avenue
New York, New York 10017

SLC Student Loan Trust-I
c/o Wilmington Trust Company
Rodney Square North, 1100 North Market Street
Wilmington, Delaware 19890-0001
Attention: Corporate Trust Administration

As an officer of The Student Loan Corporation, the master Servicer of SLC Student Loan
Trust-I, I hereby certify that:

/s/ Steven J. Gorey                                                                             March 7, 2003   
Steven J. Gorey                                                                                         Date
Chief Financial Officer
The Student Loan Corporation, as Servicer

Exhibit 99.4

[Letterhead of KPMG LLP]

Independent Accountants' Report

To The SLC Student Loan Trust - I
c/o Wilmington Trust Company
and SLC Student Loan Receivables I, Inc.

We have examined the accompanying assertion made by management on The Student Loan Corporation's compliance with Article XI, Section 11.01 of the Indenture of Trust, dated as of March 27, 2002, between the SLC Student Loan Trust-I, as Issuer, and Deutsche Bank Trust Company Americas, formerly known as Bankers Trust Company, as Indenture Trustee, and with the Servicing Agreement, Sections 4 and 5, dated as of March 27, 2002, between The Student Loan Corporation, as Servicer, and SLC Student Loan Trust-I, as Issuer, for the period ended December 31, 2002. Management is responsible for The Student Loan Corporation's compliance with those requirements. Our responsibility is to express an opinion on management’s assertion about The Student Loan Corporation's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about The Student Loan Corporation's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on The Student Loan Corporation's compliance with specified requirements.

In our opinion, management’s assertion that The Student Loan Corporation complied with the aforementioned requirements for the period ended December 31, 2002 is fairly stated, in all material respects.

/s/ KPMG LLP

New York, New York
March 7, 2003

Management Report on The Student Loan Corporation's Compliance, as Servicer, with the
Requirements of the Indenture of Trust and the Servicing Agreement

Management of the Student Loan Corporation, as Servicer, is responsible for compliance with Article XI, Section 11.01 of the Indenture of Trust, dated as of March 27, 2002, between the SLC Student Loan Trust-I, as Issuer, and Deutsche Bank Trust Company Americas, formerly known as Bankers Trust Company, as Indenture Trustee, and with the Servicing Agreement, Sections 4 and 5, dated as of March 27, 2002, between The Student Loan Corporation, as Servicer, and SLC Student Loan Trust-I, as Issuer, for the period ended December 31, 2002.

Management has performed an evaluation of The Student Loan Corporation's compliance with Article XI, Section 11.01 of the Indenture Trust and with the Servicing Agreement, Sections 4 and 5, for the period ended December 31, 2002. Based upon this evaluation, management believes that, for the period ended December 31, 2002, The Student Loan Corporation, as Servicer, was materially in compliance with Article XI, Section 11.01 of the Indenture of Trust and with the Servicing Agreement, Sections 4 and 5.

/s/ Steven J. Gorey      
Steven J. Gorey
Chief Financial Officer
The Student Loan Corporation, as Servicer
March 7, 2003