Mail Stop 3561 	August 26, 2005 Via U.S. Mail Daniel McHugh Chief Financial Officer SLC Student Loan Receivables I, Inc. 750 Washington Boulevard, 9th Floor Stamford, CT 06901 Re: 	SLC Student Loan Receivables I, Inc. 	Amendment 1 to Registration Statement on Form S-3 	Filed on August 25, 2005 	File No. 333-127621 Dear Mr. McHugh, We are monitoring your filing for disclosure regarding credit enhancement and derivative agreements. We have reviewed your filing and have the following comment. Where indicated, we think you should revise your document in response to this comment. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. After reviewing this information, we may or may not raise additional comments. The purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects and welcome any questions you may have about our comments or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter. Credit and Cash Flow or other Enhancement or Derivative Arrangements, page 45 1. We note your response to prior comment one. The base prospectus must describe the credit enhancement or other features contemplated for this shelf. If not described elsewhere in the base prospectus, please provide a brief and general description of each type of credit enhancement. * * * * * As appropriate, please amend the registration statement in response to these comments. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested supplemental information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings reviewed by the staff to be certain that they have provided all information investors require for an informed decision. Since the company and its management are in possession of all facts relating to a company`s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Notwithstanding our comments, in the event the company requests acceleration of the effective date of the pending registration statement, it should furnish a letter, at the time of such request, acknowledging that * Should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; * The action of the Commission or the staff, acting pursuant to delegated authority in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and * The company may not assert this action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in connection with our review of your filing or in response to our comments on your filing. We will consider a written request for acceleration of the effective date of the registration statement as a confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. We will act on the request and, pursuant to delegated authority, grant acceleration of the effective date. We direct your attention to Rules 460 and 461 regarding requesting acceleration of a registration statement. Please allow adequate time after the filing of any amendment for further review before submitting a request for acceleration. Please provide this request at least two business days in advance of the requested effective date. You may contact Rolaine Bancroft at (202) 551-3313 or me at (202) 551-3348 with any other questions. 	Regards, 	Jennifer G. Williams 	Special Counsel cc:	Malcolm P. Wattman, Esq. 	Cadwalader 	Fax: (212) 504-6666 ?? ?? ?? ?? Daniel McHugh SLC Student Loan Receivables I, Inc. August 26, 2005 Page 1