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

~~Pursuant~~Date of toReport: September ~~Section 13 or~~ 15, 2004 (d)Date of ~~the Securities~~earliest ~~Exchange~~event ~~Act of 1934~~reported)

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

~~(Date~~PHEAA Student ofLoan ~~earliest~~Trust ~~event reported)~~I, Student Loan Asset Backed Notes, Series 2003-1 and 2004-1

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

(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)

~~ITEM 5. Other Events~~(302) 888-7528

~~On May 14, 2004, PHEAA Student Loan Trust I~~ (~~the “Trust”) issued its monthly report to noteholders for the month ended April 30, 2004 (the “Monthly Report”). The Trust made its regular, scheduled distributions to the holders of the Trust~~Registrant’s Telephone ~~Student Loan Asset Backed Notes~~Number, ~~Series~~ ~~2003-1.~~including ~~The~~area ~~Monthly Report is filed as Exhibit 99.1 hereto and is incorporated herein by reference thereto.~~code)

~~ITEM 7. Financial~~(Former name, ~~Statements~~former address and ~~Exhibits~~former fiscal year, if changed since last report)

ITEM 8.01. Other Events

On September 15, 2004, PHEAA Student Loan Trust I (the “Trust”) issued its monthly report to noteholders for the month ended August 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 99.5 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 ~~April~~August 3031, 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
	By:	PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY, AS SERVICER
Date: May 18, 2004
Date: September 20th, 2004
	By:	~~/s/ JAMES L. PRESTON~~	/S/ JAMES L. PRESTON
	Name:	~~James L. Preston~~	James L. Preston
	Title:	~~Executive Vice President~~	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 ~~month~~period ended ~~April~~August 3031, 2004.

Filing Compare · PHEAA STUDENT LOAN TRUST I