U.S. 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~~Pursuant ~~Report: September~~to ~~15, 2004~~Section 13 or 15(~~Date~~d) of ~~earliest~~the Securities ~~event~~Exchange ~~reported)~~Act of 1934

~~PHEAA~~Date ~~Student~~of ~~Loan Trust I~~Report: ~~(Exact~~December 14, ~~name of registrant as specified in its charter)~~2004

(Date of earliest event reported)

PHEAA Student Loan Trust I

(Exact name of registrant as specified in its charter)

PHEAA Student Loan Trust I, Student Loan Asset Backed Notes, Series 2003-1 and 2004-1

(Name of Issue)

Delaware	333-102638	14-6223927
(State of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)
c/o Wachovia Bank of Delaware One Rodney Square, Suite 102 920 King Street Wilmington, Delaware		19801
Address of principal executive office		(Zip Code)

c/o Wachovia Bank of Delaware One Rodney Square, Suite 102 920 King Street Wilmington, Delaware				19801
Address of principal executive office				(Zip Code)

(302) 888-7528

(Registrant’s Telephone Number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

ITEM 8.01. Other Events

On ~~September~~December 1514, 2004, PHEAA Student Loan Trust I (the “Trust”) issued its monthly report to noteholders for the month ended ~~August~~November 3130, 2004 (the “Monthly Report”). The Trust made its regular, scheduled distributions to the holders of the Trust’s Student Loan Asset Backed Notes, Series 2003-1 and Series 2004-1. The Monthly Report is filed as Exhibit 99.51 hereto and is incorporated herein by reference thereto.

ITEM 9.01. Financial Statements and Exhibits

Exhibit No.		Description
99.1		Monthly report distributed to holders of PHEAA Student Loan Trust I, Student Loan Asset Backed Notes, Series 2003-1 and Series 2004-1 for the period ended ~~August~~November 3130, 2004.

SIGNATURE

Pursuant to the requirements 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.

	By:	PENNSYLVANIA HIGHER EDUCATION ~~ASSISTANCE AGENCY, AS SERVICER~~
Date: September 20th, 2004
		ASSISTANCE AGENCY, AS SERVICER
	By:		/S/ JAMES L. PRESTON
Date: December 29th, 2004
	By:		/s/ JAMES L. PRESTON
	Name:		James L. Preston
	Title:		Executive Vice President

INDEX TO EXHIBITS

Exhibit No.		Description of Exhibits
99.1		Monthly report distributed to holders of PHEAA Student Loan Trust I, Student Loan Asset Backed Notes, Series 2003-1 and Series 2004-1 for the period ended ~~August~~November 3130, 2004.

Filing Compare · PHEAA STUDENT LOAN TRUST I