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~~Securities ofExchange ~~Report: March~~Act ~~21,~~of ~~2003~~1934

GMAC EDUCATION LOAN FUNDING TRUST-I
(Exact name of co-registrant as specified in its charter)
Delaware	333-102760	51-6535786
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)
c/o Wilmington Trust Company, Rodney Square North, 1100 N. Market St., Wilmington, DE 19890-0001
(Address of Principal Executive Offices) (Zip Code)
Co-Registrant’s telephone number, including area code: (203) 975-6112
None
(Former name or former address, if change since last report)
GMAC ELF LLC
(Exact name of co-registrant as specified in its charter)
Delaware	333-102760-01	22-3891807
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)
1801 California Street, Suite 3900, Denver, CO 80202
(Address of Principal Executive Offices) (Zip Code)
Co-Registrant’s telephone number, including area code: (303) 293-8500
None
(Former name or former address, if change since last report)

Date of Report: July 15, 2003

GMAC EDUCATION LOAN FUNDING TRUST-I

(Exact name of co-registrant as specified in its charter)

Delaware		333-102760		51-6535786
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification Number)

c/o Wilmington Trust Company, Rodney Square North,
1100 N. Market St., Wilmington, DE 19890-0001

(Address of Principal Executive Offices) (Zip Code)

Co-Registrant’s telephone number, including area code: (203) 975-6112

None

(Former name or former address, if change since last report)

GMAC ELF LLC

(Exact name of co-registrant as specified in its charter)

Delaware		333-102760-01		22-3891807
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification Number)

1801 California Street, Suite 3900, Denver, CO 80202

(Address of Principal Executive Offices) (Zip Code)

Co-Registrant’s telephone number, including area code: (303) 293-8500

None

(Former name or former address, if change since last report)

Item 5. Other Events.

~~This~~On ~~Current Report on Form 8-K is being filed to file copies of an Indenture of Trust, dated as of March~~July 115, 2003 ~~(the “Indenture”)~~, ~~among~~ GMAC Education Loan Funding Trust-I ~~(the “Issuer”), Zions First National Bank,~~ ~~as trustee~~ (the “~~Trustee~~Trust”) ~~and~~distributed ~~Zions First National Bank, as eligible lender trustee (~~the ~~“Eligible~~Noteholders’ ~~Lender Trustee”); an Eligible Lender Trust Agreement~~Statement, ~~dated~~ asattached ofto ~~March 1,~~this ~~2003 (the “Eligible Lender Trust Agreement”), between~~report ~~the Issuer and the Eligible Lender Trustee; an Amended and Restated Trust Agreement, dated~~ as ofExhibit ~~March~~ 99.1, ~~2003~~to (the ~~“Trust Agreement”)~~trustee, ~~between~~Zions ~~GMAC ELF~~First ~~LLC~~National ~~and Wilmington Trust Company (the “Delaware Trustee”); a Servicing Contractor Agreement~~Bank, ~~dated~~for asdistribution ~~of March 1, 2003 (the “Servicing Contractor~~to ~~Agreement”),~~Noteholders ~~between the Issuer and GMAC Commercial Holding Capital Corp. (“Capital Corp.”); and an Administration Agreement, dated as~~ of ~~March 1, 2003 (the “Administration Agreement”), among the Issuer, the Delaware Trustee, the Trustee and Capital Corp~~record. ~~This Current~~The ~~Report on Form 8-K is also being filed to file certain clarifying~~Noteholders’ ~~changes~~Statement toreflects the ~~definition~~Trust’s ofactivities ~~“Record~~for ~~Date” and Section 2.02 of~~ the ~~Series 2003-1~~period ~~Supplemental~~ending ~~Indenture of Trust, dated as of March~~June 130, ~~2003 (the~~ ~~“Supplemental Indenture”), between the Issuer and the Trustee, previously filed on March 21,~~ 2003~~. The Indenture~~, ~~the Supplemental~~including ~~Indenture,~~a ~~the~~statistical ~~Eligible~~summary ~~Lender~~of ~~Trust Agreement,~~ the ~~Trust Agreement,~~delinquency ~~the Servicing Contractor Agreement~~ and ~~the Administration Agreement~~default ~~were~~characteristics ~~executed~~of ~~in connection with~~ the ~~issuance~~Trust’s bystudent ~~the~~loan ~~Issuer~~portfolio ofas ~~$220,000,000~~ of ~~its~~ ~~GMAC~~such ~~ELF Student Loan Asset-Backed Notes, Series 2003-1 on March 21, 2003~~date. ~~The details of this issuance are contained in the Prospectus Supplement filed on March 19, 2003 by the Sponsor.~~

Item 7. Financial Statements and Exhibits.

4.1 Indenture of Trust.

24.1		Power of attorney (1)

99.1		June 30, 2003 Statement to Noteholders

4.2 Supplemental Indenture of Trust.

4.3 Eligible Lender Trust Agreement (Issuer).

4.4 Amended and Restated Trust Agreement.

24.1 Power of attorney.(1)

99.1 Servicing Contractor Agreement (Issuer).

99.2 Administration Agreement.

(1) Incorporated by reference to Exhibit 24.2 to the Co-Registrants Registration Statement on Form S-3, Registration No. 333-102760, filed January 28, 2003.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Co-Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GMAC EDUCATION LOAN FUNDING TRUST-I
	By:	GMAC ELF LLC, as attorney-in-fact of the
	By: GMAC ELF LLC, as attorney-in-fact of the Co-Registrant
	Co-Registrant
Date: July 30, 2003	By:		/s/ Ronald W. Page
Date: April 9, 2003	By:	/s/ Ronald W. Page
			Ronald W. Page,
		Ronald W. Page,
			Vice President
		Vice President

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