UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly distribution period from

~~August~~November 1, 2022 to ~~October~~January 31, ~~2022~~2023

Commission File Number of issuing entity: 333-164557-01

Central Index Key Number of issuing entity: 0001493611

SLC STUDENT LOAN TRUST 2010-1

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-164557

Central Index Key Number of depositor: 0001164019

SLC STUDENT LOAN RECEIVABLES I, INC.

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: 0000893955

THE STUDENT LOAN CORPORATION

(Exact name of sponsor as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization of the issuing entity)		04-3598719 (I.R.S. Employer Identification No.)

4000 Regent Boulevard C2B-260 Irving, Texas (Address of principal executive offices of the issuing entity)		75063 (Zip Code)

(469) 220-4928

(Telephone number including area code)

Registered/reporting pursuant to (check one)

Title of class	Section 12(b)	Section 12(g)	Section 15(d)	Name of exchange (If Section 12(b))

Class A Student Loan Asset Backed Notes	☐	☐	☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☑ No ☐

PART I — DISTRIBUTION INFORMATION

Item 1.

Distribution and Pool Performance Information.

On ~~November~~February 2527, ~~2022~~2023, SLC Student Loan Trust 2010-1 (the “Trust”) made its regular quarterly distribution of funds to holders of its Student Loan Asset Backed Notes for the distribution period commencing on ~~August~~November 1, 2022 and ending on ~~October~~January 31, ~~2022~~2023. There is no activity to report under Rule 15Ga-1(a) under the Securities Exchange Act of 1934 with respect to the Trust for the distribution period referred to in the preceding sentence. The depositor filed its most recent report on Form ABS-15G on February 1114, ~~2022~~2023 (such report is available at www.sec.gov under the depositor’s CIK No. 0001164019). The sponsor filed its most recent report on Form ABS-15G on February 8, ~~2022~~2023 (such report is available at www.sec.gov under the sponsor’s CIK No. 0000893955). The related Quarterly Distribution Report is attached as Exhibit 99.1.

PART II — OTHER INFORMATION

Item 2.

Legal Proceedings.

The following ~~four~~three paragraphs are disclosure received from Navient Solutions, LLC (formerly, Navient Solutions, Inc.) (“Navient Solutions”), the successor subservicer for this transaction.

~~During the first quarter of 2016,~~ Navient Corporation (“Navient”), ~~certain~~has ~~Navient~~been ~~officers~~named ~~and~~as ~~directors,~~defendant ~~and~~in ~~the~~a ~~underwriters~~number of ~~certain~~putative ~~Navient~~class ~~securities~~action ~~offerings~~cases ~~(including~~alleging ~~certain~~violations of ~~the~~various ~~initial~~state ~~purchasers)~~and ~~were~~federal ~~sued~~consumer inprotection ~~three~~laws ~~putative securities~~including ~~class~~the ~~action~~Telephone ~~lawsuits~~Consumer ~~filed~~Protection onAct, ~~behalf~~the ofConsumer Financial ~~certain~~Protection ~~investors~~Act inof ~~Navient~~2010 ~~stock~~(the ~~or Navient unsecured debt. These three cases~~“CFPA”), ~~which were filed in~~ the ~~U.S.~~Fair ~~District~~Credit ~~Court~~Reporting ~~for~~Act (the ~~District of Delaware~~“FCRA”), ~~were consolidated by~~ the ~~District~~Fair ~~Court, with~~Debt ~~Lord~~Collection ~~Abbett~~Practices ~~Funds~~Act ~~appointed~~(the as“FDCPA”), ~~Lead~~in ~~Plaintiff.~~adversarial ~~The~~proceedings ~~caption~~under of the ~~consolidated~~United ~~case~~States isBankruptcy ~~Lord~~Code, ~~Abbett~~and ~~Affiliated~~various ~~Fund,~~state ~~Inc.,~~consumer ~~et al~~protection laws. v.At ~~Navient~~this ~~Corporation,~~point etin ~~al. Additionally~~time, ~~two~~Navient ~~class~~is ~~actions~~unable ~~were~~to ~~filed~~anticipate in the ~~U.S.~~timing ~~District~~of ~~Court~~a ~~for~~resolution or the ~~District~~ ofimpact ~~New~~that ~~Jersey~~these ~~captioned~~legal ~~Eli~~proceedings ~~Pope~~may v.have ~~Navient~~on ~~Corporation,~~its ~~John~~consolidated F.financial ~~Remondi~~position, ~~Somsak~~liquidity, ~~Chivavibul~~results ~~and~~of ~~Christian~~operation ~~Lown,~~or ~~and~~cash ~~Melvin Gross v~~flows. ~~Navient~~As ~~Corporation,~~a ~~John F. Remondi~~result, ~~Somsak~~it ~~Chivavibul~~is ~~and~~not possible ~~Christian~~at M.this ~~Lown,~~time ~~both~~to ofestimate ~~which~~a ~~allege violations~~range of ~~the~~potential ~~federal~~exposure, ~~securities~~if ~~laws~~any, ~~under~~for ~~Sections~~amounts ~~10(b)~~that ~~and~~may ~~20(a)~~be ofpayable ~~the~~in ~~Securities~~connection ~~Exchange~~with ~~Act~~these ofmatters ~~1934,~~and asreserves ~~amended~~have ~~(the~~not ~~“Exchange~~been ~~Act”)~~established. ~~The~~It ~~cases~~is ~~were~~possible ~~consolidated~~that byan ~~the~~adverse ~~Court~~ruling inor ~~February~~rulings ~~2018~~may ~~under~~have ~~the~~a ~~caption~~material adverse Inimpact Reon Navient, ~~Corporation Securities~~Navient ~~Litigation~~Solutions and/or ~~the~~their ~~plaintiffs~~affiliates ~~filed~~or aon ~~consolidated~~the ~~amended~~financial ~~complaint~~ability inof ~~April~~the ~~2018. In~~depositor, the ~~third~~servicer ~~quarter~~or ofa ~~2021,~~seller ~~Navient~~to ~~reached~~fulfill ~~tentative~~an ~~agreements~~obligation to ~~settle~~purchase ~~both~~or ~~cases.~~repurchase ~~The~~trust ~~settlements,~~student loans in ~~which~~connection ~~Navient~~with ~~and~~a ~~the~~breach ~~other defendants~~of ~~expressly~~ representation, ~~deny~~warranty ~~any admission~~ or ~~concession of wrongdoing or fault, have received final court approval and are covered by insurance~~covenant.

~~Navient~~In ~~has~~January ~~been~~2017, ~~named~~the asConsumer ~~defendant~~Financial inProtection aBureau ~~number~~(the of“CFPB”) ~~putative~~and ~~class~~the ~~action~~Attorneys ~~cases~~General ~~alleging~~for ~~violations~~the State of ~~various~~Illinois ~~state~~ and ~~federal~~the ~~consumer~~State ~~protection~~of ~~laws~~Washington ~~including~~initiated ~~the~~civil ~~Telephone~~actions ~~Consumer~~naming ~~Protection~~Navient ~~Act,~~and ~~the~~several ~~Consumer~~of ~~Financial~~its ~~Protection~~subsidiaries ~~Act of 2010~~ (~~the~~including ~~“CFPA”~~Navient Solutions), ~~the~~as ~~Fair~~defendants ~~Credit~~alleging ~~Reporting~~violations ~~Act~~of ~~(the~~certain ~~“FCRA”),~~federal ~~the~~and ~~Fair~~state ~~Debt~~consumer ~~Collection~~protection ~~Practices~~statutes, ~~Act~~including (the ~~“FDCPA”)~~CFPA, inthe ~~adversarial~~FCRA, ~~proceedings under~~ the ~~United~~FDCPA ~~States Bankruptcy Code,~~ and various state consumer protection laws. AtThe ~~this~~Attorneys ~~point~~General infor the States of Pennsylvania, ~~time~~ California, ~~Navient~~Mississippi isand, ~~unable~~New toJersey ~~anticipate~~also ~~the~~initiated ~~timing~~actions ofagainst aNavient ~~resolution~~and orcertain ~~the~~subsidiaries ~~impact~~alleging ~~that~~violations ~~these~~of ~~legal~~various ~~proceedings~~state ~~may~~and ~~have~~federal onconsumer ~~its~~protection ~~consolidated~~laws ~~financial~~based ~~position,~~on ~~liquidity,~~similar ~~results~~alleged ofacts ~~operation~~ or ~~cash~~failures ~~flows~~to act. AsIn aaddition ~~result~~to these matters, ita isnumber ~~not~~of ~~possible~~lawsuits athave ~~this~~been ~~time to~~filed ~~estimate~~by anongovernmental ~~range~~parties ofor, ~~potential~~in ~~exposure~~the future, ifmay ~~any,~~be ~~for~~filed ~~amounts~~by ~~that~~additional ~~may~~governmental beor ~~payable~~nongovernmental inparties ~~connection~~seeking ~~with~~damages ~~these~~or ~~matters~~other ~~and~~remedies ~~reserves~~related ~~have~~to ~~not~~similar ~~been~~issues ~~established.~~raised Itby isthe ~~possible~~CFPB ~~that~~and anthe State ~~adverse~~Attorneys ~~ruling~~General. orIn ~~rulings~~January ~~may~~2022, ~~have~~Navient aentered ~~material~~into ~~adverse~~a ~~impact~~series ~~on Navient,~~of ~~Navient~~Consent ~~Solutions~~Judgment and~~/or~~ ~~their~~Orders ~~affiliates~~(the or“Agreements”) onwith ~~the~~40 ~~financial~~State ~~ability~~Attorneys ofGeneral to resolve all matters in dispute related to the ~~depositor,~~State Attorneys General cases as well as the related ~~servicer~~investigations, orsubpoenas, acivil ~~seller~~investigative todemands ~~fulfill~~and aninquiries ~~obligation~~from tovarious ~~purchase~~other orstate ~~repurchase~~regulators. ~~trust~~These ~~student~~Agreements ~~loans~~do innot ~~connection~~resolve ~~with~~the alitigation ~~breach~~involving ofNavient ~~representation,~~and ~~warranty or~~the ~~covenant~~CFPB.

In January 2017, the Consumer Financial Protection Bureau (the “CFPB”) and the Attorneys General for the State of Illinois and the State of Washington initiated civil actions naming Navient and several of its subsidiaries (including Navient Solutions) as defendants alleging violations of certain federal and state consumer protection statutes, including the CFPA, the FCRA, the FDCPA and various state consumer protection laws. The Attorneys General for the States of Pennsylvania, California, Mississippi and, New Jersey also initiated actions against Navient and certain subsidiaries alleging violations of various state and federal consumer protection laws based on similar alleged acts or failures to act. In addition to these matters, a number of lawsuits have been filed by nongovernmental parties or, in the future, may be filed by additional governmental or nongovernmental parties seeking damages or other remedies related to similar issues raised by the CFPB and the State Attorneys General. In January 2022, Navient entered into a series of Consent Judgment and Orders (the “Agreements”) with 40 State Attorneys General to resolve all matters in dispute related to the State Attorneys General cases as well as the related investigations, subpoenas, civil investigative demands and inquiries from various other state regulators. These Agreements do not resolve the litigation involving Navient and the CFPB. Navient has cancelled the loan balance of approximately 66,000 borrowers with qualifying private education loans that were originated largely between 2002 and 2010 and later defaulted and charged off. The loans to be cancelled have aggregate outstanding balances of approximately $1.7 billion. The expense to Navient to cancel these loans was approximately $50 million which represents the amount of expected future recoveries of these charged-off loans on the balance sheet. In addition, Navient agreed to make a one-time payment of approximately $145 million to the states. In the fourth quarter of 2021 when such loss became probable, Navient recognized total regulatory expenses of approximately $205 million related to this matter. In May 2022, Navient entered into similar Consent Judgment and Orders with 3 State Attorneys General and the U.S. Virgin Islands Attorney General under which Navient will cancel the loan balance of approximately 370 borrowers with qualifying private education loans having aggregate outstanding balances of approximately $9.5 million. The expense to Navient to cancel these loans is less than $1,000,000.

Navient believes the allegations in the CFPB suit are false and that they improperly seek to impose penalties on Navient based on new, previously unannounced servicing standards applied retroactively against only one servicer. Navient therefore has denied these allegations and are vigorously defending against the allegations in that case. At this point in time, it is reasonably possible that a loss contingency exists; however, Navient is unable to anticipate the timing of a resolution or the impact that an adverse ruling in the CFPB case may have on Navient’s consolidated financial position, liquidity, results of operation or cash flows. As a result, it is not possible at this time to estimate a range of potential exposure, if any, for amounts that may be payable in connection with this matter and reserves have not been established. It is possible that an adverse ruling or rulings may have a material adverse impact on Navient, Navient Solutions and/or their affiliates or on the financial ability of Navient Solutions to fulfill an obligation to purchase student loans in connection with a breach of covenant. It is possible that an adverse ruling or rulings may have a material adverse impact on the trust student loans. In either case, the payments on your notes may be adversely affected.

The following two paragraphs are disclosure received from Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas. Deutsche Bank National Trust Company (“DBNTC”) and Deutsche Bank Trust Company Americas (“DBTCA”) have been sued by investors in civil litigation concerning their role as trustees of certain residential mortgage-backed securities (“RMBS”) trusts.2

On December 30, 2015, IKB International, S.A. in Liquidation and IKB Deutsche Industriebank A.G. (collectively, “IKB”), as an investor in 37 RMBS trusts, filed a summons with notice in the Supreme Court of the State of New York, New York County, against DBNTC and DBTCA as trustees of the trusts. On May 27, 2016, IKB served its complaint asserting claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, violation of the Streit Act, violation of the TIA, violation of Regulation AB, and violation of Section 9 of the Uniform Commercial Code. IKB alleges that DBNTC and DBTCA are liable for over U.S. $268 million in damages. On October 5, 2016, DBNTC and DBTCA, together with several other trustees defending lawsuits by IKB, filed a joint motion to dismiss. On January 6, 2017, IKB filed a notice of discontinuance, voluntarily dismissing with prejudice all claims as to three trusts. On June 20, 2017, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to four additional trusts. On January 27, 2021, the court granted in part and denied in part DBNTC and DBTCA’s motion to dismiss. The court granted the motion to dismiss with respect to IKB’s claims for violations of the Streit Act, Regulation AB, and Section 9 of the Uniform Commercial Code, as well as certain aspects of IKB’s claims for breach of contract, breach of fiduciary duty, and violation of the TIA. The court denied the remainder of the motion to dismiss. IKB’s remaining claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, and violation of the TIA will proceed. On May 10, 2021, DBNTC and DBTCA filed a notice of appeal with the New York Supreme Court Appellate Division, First Department, regarding certain aspects of the court’s order on the motion to dismiss. On May 20, 2021, IKB filed a notice of cross appeal with respect to other aspects of that order. On August 30, 2022, the New York Supreme Court, Appellate Division, First Department affirmed in part and reversed in part the court’s order on the motion to dismiss. On September 30, 2022, IKB filed a motion for reargument or for leave to appeal to the Court of Appeals as to certain aspects of the First Department’s decision. On September 30, 2022, DBNTC and DBTCA filed a motion for leave to appeal to the Court of Appeals as to other aspects of that decision. On November 10, 2022, the First Department granted DBNTC and DBTCA’s motion for leave to appeal to the Court of Appeals, denied IKB’s motion for reargument, and denied as moot IKB’s motion for leave to appeal to the Court of Appeals. On June 2, 2021, IKB filed a motion for re-argument regarding certain aspects of the court’s order on the motion to dismiss, which the court denied on August 3, 2021. On May 13, 2021, DBNTC and DBTCA filed an answer to the complaint. On October 28, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to seven additional trusts. On December 29, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to one additional trust. On April 22, 2022, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to 17 certificates at issue (including all claims as to 5 trusts), leaving 17 trusts at issue. Discovery is ongoing.

It is DBTCA’s and DBNTC’s belief that they have no pending legal proceedings, including, based on DBTCA’s and DBNTC’s current evaluation, the litigation disclosed in the immediately preceding paragraph that would materially affect their ability to perform their duties as Trustee under the Indenture for this transaction.

Item 10.

Exhibits.

(a) 99.1 Quarterly Distribution Report for SLC Student Loan Trust 2010-1 in relation to the distribution on ~~November~~February 2527, ~~2022~~2023.

INDEX TO EXHIBITS

Exhibit Number		Exhibit
99.1		Quarterly Distribution Report for SLC Student Loan Trust 2010-1 in relation to the distribution on ~~November~~February 2527, ~~2022~~2023.

SIGNATURES

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.

	SLC STUDENT LOAN RECEIVABLES I, INC.
Dated: December 9, 2022	By:	/s/ Charles Jacques
Dated: March 10, 2023	By:	/s/ Charles Jacques
	Name:	Charles Jacques
	Title:	President

Filing Compare · SLC Student Loan Trust 2010-1