Exhibit 99.3
       [Letterhead of KPMG LLP]
    Independent Accountants' Report
We have examined the accompanying assertion made by management on The Student Loan Corporation's compliance with Article XI, Section11.01 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 knownas Bankers Trust Company, as Indenture Trustee, and with the Servicing Agreement, Sections 4 and 5, dated as ofMarch 27, 2002, between The Student Loan Corporation, as Servicer, and SLC Student Loan Trust-I, as Issuer, for the year ended December 31, 2003.  Management is responsible for The Student Loan Corporation'scompliance with those requirements. Our responsibility is to express an opinion on management’sassertion 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 ofCertified Public Accountants and, accordingly, included examining, on a test basis, evidence about The StudentLoan Corporation's compliance with those requirements and performing such other procedures aswe considered necessary in the circumstances. We believe that our examination provides a reasonable basis for ouropinion. 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 theaforementioned requirements for the year ended December 31, 2003 is fairly stated, in all materialrespects.
The report is intended solely for the information and use of the Board of Directors and managementof The Student Loan Corporation and the SLC Student Loan Trust-I and Indenture Trustee and is not intended to be and should not beused by anyone other than these specified parties.
/s/ KPMG LLP
New York, New YorkMarch 10, 2004
**Management Report on The Student Loan Corporation's Compliance, as Servicer, withthe Requirements of the Indenture of Trust and Servicing Agreement**
Management of The Student Loan Corporation, as Servicer, is responsible for compliance withArticle XI, Section 11.01 of the Indenture of Trust, dated as of March 27, 2002, between the SLC Student Loan Trust-I, as Issuer, andDeutsche Bank Trust Company Americas, formerly known as Bankers Trust Company, as Indenture Trustee, and with theServicing 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 year ended December 31, 2003.
Management has performed an evaluation of The Student Loan Corporation's compliancewith Article XI, Section 11.01 of the Indenture of Trust and with the Servicing Agreement, Sections 4 and 5, for the year endedDecember 31, 2003.  Based upon this evaluation, management believes that, for the year ended December 31, 2003, The Student Loan Corporation, as Servicer, wasin compliance with Article XI, Section 11.01 of the Indenture of Trust and with the Servicing Agreement, Sections 4 and 5.
/s/ Michael J. Reardon                                                                             March 10, 2004   Michael J. Reardon                                                                                         DateActing Chief Financial OfficerThe Student Loan Corporation, as Servicer