U.S. SECURITIES AND EXCHANGE COMMISSION ~~Washington, D.C. 20549~~

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 Report: ~~December~~ January 14, ~~2004~~2005

(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)
(302) 888-7528
(Registrant’s Telephone Number, including area code)
(Former name, former address and former fiscal year, if changed since last report)

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (~~302)~~17 ~~888-7528~~CFR 230.425)

~~(Registrant’s~~o Soliciting ~~Telephone~~material pursuant ~~Number,~~to ~~including~~Rule ~~area~~14a-12 ~~code~~under the Exchange Act (17 CFR 240.14a-12)

~~(Former~~o Pre-commencement communications ~~name,~~pursuant ~~former~~to ~~address~~Rule ~~and~~14d-2(b) ~~former~~under ~~fiscal~~the ~~year,~~Exchange ifAct ~~changed~~(17 ~~since~~CFR ~~last report~~240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01. Other Events

(A) On ~~December~~ January 14, ~~2004~~ 2005, PHEAA Student Loan Trust I (the “Trust”) issued its monthly report to noteholders for the month ended ~~November 30~~December 31, 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 99.1 hereto and is incorporated herein by reference thereto.

(B) The Administrator of the Trust elected to make the quarterly servicing report of the Trust for the quarter ended December 31, 2004, available on the website of the Servicer, the Pennsylvania Higher Education Assistance Agency, on January 19, 2005. This quarterly servicing report is attached hereto as Exhibit 99.2.

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 ~~November~~December 3031, 2004.
99.2		Quarterly Servicing Report with respect to the PHEAA Student Loan Trust I, Student Loan Asset Backed Notes, Series 2003-1 and 2004-1 for the period ended December 31, 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: December 29th, 2004
Date: January 25th, 2005
	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 ~~November~~December 3031, 2004.
99.2		Quarterly Servicing Report with respect to the PHEAA Student Loan Trust I, Student Loan Asset Backed Notes, Series 2003-1 and 2004-1 for the period ended December 31, 2004.

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