**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**__________________**

**FORM        10-K**

**__________________**

|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|
| x  **Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange                Act of 1934**                                                                                                                                                                                                                                                                                         |                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                         |  **For                the fiscal year ended December 31, 2005.** |
|  **OR**                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |
|                         o   **Transition                Report Pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934**                                                                                                                                                                                 |                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |
| **For                the transition period from ____ to ____ .**                                                                                                                                                                                                                                                                                                                                             |                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |
| **Commission                file numbers: 333-118089**                                                                                                                                                                                                                                                                                                                                                       |                                                                  |
| **                                      333-127510-02**                                                                                                                                                                                                                                        |                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |
| **SLC                STUDENT LOAN TRUST 2005-3 (Issuing Entity)****(Exact                name of registrant as named in its charter)** **SLC                STUDENT LOAN RECEIVABLES I, INC.                (Depositor)****(Exact                name of co-registrant and depositor as named in its                charter)** **THE STUDENT                LOAN CORPORATION (Sponsor)** |
| **(Exact                name of sponsor as named in                its charter)**                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |   |
| **Delaware**                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                  | **04-3598719** |
| **(State                or other jurisdiction of incorporation or                organization)**                                                                                                                                                                                                                                                                                                             |                                                                  | **(I.R.S.                Employer Identification No.)** |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |   |
| **750                Washington Blvd., Stamford, Connecticut**                                                                                                                                                                                                                                                                                                                                               |                                                                  | **06901** |
| **(Address                of principal executive offices)**                                                                                                                                                                                                                                                                                                                                                  |                                                                  | **(Zip                Code)** |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |   |
| **(203)                975-6843**                                                                                                                                                                                                                                                                                                                                                                            |
| **(203)                975-6861**                                                                                                                                                                                                                                                                                                                                                                            |
| **(Co-registrant’s                  telephone numbers, including area code)**                                                                                                                                                                                                                                                                                                                          |
| **__________________**                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |   |
| **Securities                Registered Pursuant to Section 12(b) of the Act:                None**                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                  |   |
| **Securities                Registered Pursuant to Section 12(g) of the Act:                None**                                                                                                                                                                                                                                                                                                           |

| Yes   o | No   x |
|------------------------|-----------------------|

| Yes   o | No   x |
|------------------------|-----------------------|

| Yes   x | No   o |
|------------------------|-----------------------|

| Large                Accelerated Filer o | Accelerated                Filer o | Non-accelerated                Filer x |
|------------------------------------------|------------------------------------|----------------------------------------|

| Yes   o | No   x |
|------------------------|-----------------------|

| Item                5. | Market                for Registrant’s Common Equity, Related Stockholder Matters, and Issuer                Purchases of Equity Securities |
|------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Not                Applicable |
|-----------------|-------------------------------|

| (c)   | Not                Applicable |
|-----------------|-------------------------------|