UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~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 (Date of ~~earliest~~Earliest ~~event~~Event ~~reported~~Reported): ~~December~~July 313, ~~2010~~2023

SLC STUDENT LOAN TRUST 2010-1

(~~Issuing~~Exact ~~Entity~~name of issuer as specified in its charter)

SLC STUDENT LOAN RECEIVABLES I, INC.

(Exact name of Depositor as specified in its charter)

THE STUDENT LOAN CORPORATION

(Exact name of Sponsor as specified in its charter)

SLC STUDENT LOAN RECEIVABLES I, INC.

Delaware	333-164557-01 333-164557	04-3598719

(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

~~(Exact~~4000 ~~name~~Regent ofBoulevard ~~Registrant~~MS ~~and~~C2B-260 ~~Depositor~~Irving, asTexas ~~specified~~75063 in(Address ~~its~~of ~~charter~~principal executive offices)

Delaware	333-164557-01	04-3598719
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification Number)
4000 Regent Blvd MS C2B-260 Irving, Texas		75063
(Address of principal executive offices)		(Zip Code)

Issuer’s telephone number, including area code:

(469) 220-4928

~~Registrant’s~~Not ~~telephone number, including area code (469) 220-4928~~Applicable

Former name or former address, if changed since last report

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:

[☐ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[☐ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[☐ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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

~~Item~~Securities ~~1.01 Entry~~registered ~~into~~pursuant ato ~~Material~~Section ~~Definitive~~12(b) ~~Agreement~~of the Act:

OnTitle ~~December 31, 2010, as specifically permitted by, and pursuant to, Section 3.9~~ of ~~the~~each ~~Servicing~~class ~~Agreement,~~Trading ~~dated as of July 6, 2010~~ Symbol(~~the “Servicing Agreement”~~s), ~~between~~Name SLC Student Loan Trust 2010-1 (the “Issuing Entity”) and The Student Loan Corporation as servicer (the “Servicer”), the Servicer and Sallie Mae, Inc. (the “Subservicer”) entered into a Subservicing Agreement (the “SLM Subservicing Agreement”), as acknowledged, among others, by Citibank (South Dakota), National Association (“Citibank (South Dakota)”). Pursuant to the terms of ~~the~~each ~~SLM~~exchange ~~Subservicing~~on ~~Agreement,~~which ~~the~~registered ~~Servicer~~Not ~~will~~applicable ~~delegate~~Not toapplicable ~~the~~Not ~~Subservicer the performance of substantially all of its servicing obligations in respect of the student loans held by the Issuing Entity.~~applicable

~~Pursuant~~Indicate toby ~~and~~check ~~upon~~mark ~~the~~whether ~~effectiveness of~~ the ~~SLM~~registrant ~~Subservicing~~is ~~Agreement,~~an ~~the~~emerging ~~existing~~growth ~~subservicing~~company ~~agreement~~as ~~relating~~defined toin ~~the~~Rule ~~student~~405 ~~loans~~of ~~held by~~ the ~~Issuing~~Securities ~~Entity,~~Act ~~dated as~~ of ~~July~~1933 ~~6, 2010, between the Servicer and Citibank~~ (~~South Dakota), was terminated by mutual agreement~~§230. ~~On December~~405 ~~31,~~of ~~2010,~~this ~~Citibank (South Dakota~~chapter) ~~and~~or ~~the~~Rule ~~Subservicer entered into a sub~~12b-~~subservicing~~2 of ~~agreement, pursuant to which Citibank (South Dakota) will continue to provide servicing for~~ the ~~student~~Securities ~~loans~~Exchange ~~held~~Act ~~by the Issuing Entity during the transition~~ of ~~the~~1934 ~~servicing~~(§240.12b-2 of ~~those~~this ~~student loans to the Subservicer, until that transition has been completed~~chapter).

~~The~~Emerging ~~foregoing~~growth description of the SLM Subservicing Agreement does not purport to be complete and is qualified in its entirety by reference to the SLM Subservicing Agreement, which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.company ☐

~~Item~~If ~~1.02 Termination~~an ofemerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) ~~Material~~of ~~Definitive~~the ~~Agreement~~Exchange Act. ☐

~~The information in~~ Item 1.01 ofEntry ~~this Current Report on Form 8-K is hereby incorporated~~ into ~~this~~a ~~Item~~Material ~~1.02~~Definitive ~~by reference~~Agreement.

~~Item~~The ~~9.01 Financial~~transaction ~~Statement~~documents ~~and~~for ~~Exhibits~~the SLC Student Loan Trust 2010-1 (the “Trust”) were amended by operation of law as of July 3, 2023, to change the benchmark rate used to determine interest payable on each outstanding Class of Notes issued by the Trust (the “Affected Notes”).

~~The~~Prior ~~following~~to ~~exhibit~~the isdate ~~filed~~of asthis report, the benchmark rate used to calculate interest payable in respect of the Affected Notes was based on a U.S. ~~part~~Dollar setting of ~~this~~the ~~report:~~London Interbank Offered Rate (“LIBOR”). On March 5, 2021, the UK Financial Conduct Authority (the FCA) announced that all U.S. Dollar settings of LIBOR will either cease publication or no longer be representative as a benchmark rate after June 30, 2023 (the “Cessation Date”).

The Adjustable Rate (~~10.1~~LIBOR) ~~SLC~~Act ~~Student~~of ~~Loan~~2022 ~~Trust~~(the ~~2010-1~~“LIBOR ~~Subservicing~~Act”) ~~Agreement,~~provides ~~dated~~that asfor certain legacy contracts referencing U.S. Dollar settings of ~~December~~LIBOR 31that identify neither a specific benchmark replacement that is not based in any way on any LIBOR value, ~~2010~~nor a determining person with the authority to determine a replacement benchmark interest rate for LIBOR, ~~between~~including ~~The~~the ~~Student~~Affected Notes, ~~Loan~~a ~~Corporation~~rate selected by the Board of Governors of the Federal Reserve System (the “~~SLC~~Federal Reserve Board”), ~~and~~will ~~Sallie~~replace ~~Mae,~~LIBOR ~~Inc~~for all purposes under such contracts., Under ~~and~~the asfinal ~~acknowledged~~rules ~~and~~adopted ~~agreed~~by Federal Reserve Board to byimplement ~~Citibank~~the LIBOR Act (~~South~~the ~~Dakota~~“LIBOR Act Implementing Regulations”), ~~National~~on ~~Association~~and after July 3, ~~U.S.~~2023, ~~Bank~~which ~~National~~is ~~Association~~the asfirst ~~indenture~~London ~~trustee~~banking day after the Cessation Date (the “LIBOR Transition Date”), ~~SLC~~the asreplacement ~~administrator~~benchmark ofinterest ~~SLC~~rate ~~Student~~designated by the Federal Reserve Board for legacy contracts referencing LIBOR that are backed primarily by loans guaranteed under the Federal Family Education Loan ~~Trust~~Program ~~2010-1~~(“FFELP ABS”), ~~SLC~~will ~~Student~~be ~~Loan~~an ~~Receivables~~applicable rate equal to the sum of (I,) ~~Inc.~~compounded ~~and~~average ~~Citibank,~~of the ~~N.A.~~Secured Overnight Funding Rate (“SOFR”), inas ~~its~~published ~~individual~~by ~~capacity~~the ~~and~~Federal asReserve ~~indenture~~Bank of New York or any successor administrator ~~and~~(“Average ~~eligible~~SOFR”) ~~lender~~for ~~trustee~~the number of days in the corresponding tenor, plus (II) an applicable tenor spread adjustment.

~~SIGNATURE~~The Affected Notes are FFELP ABS, and the contractual fallbacks in the Indenture governing the Affected Notes identify neither a specific benchmark replacement that is not based in any way on any LIBOR value, nor a determining person with the authority to determine a replacement benchmark interest rate for LIBOR. As a result, the following changes have occurred by operation of, and pursuant to, the LIBOR Act and the LIBOR Act Implementing Regulations, as of the first interest calculation period for the Trust commencing on or after the LIBOR Transition Date:

~~Pursuant~~(i) the benchmark interest rate on the Affected Notes issued by the Trust will change from three-month LIBOR to the ~~requirements~~sum of ~~the~~(I) ~~Securities~~90-day ~~Exchange~~Average ~~Act~~SOFR plus (II) a tenor spread adjustment of ~~1934~~0.26161%, as determined in the ~~registrant~~manner ~~has~~specified ~~duly~~in ~~caused~~the ~~this~~LIBOR ~~report~~Act toand bethe ~~signed~~LIBOR onAct ~~its~~Implementing ~~behalf~~Regulations, by(including any fallback benchmark rates specified in the ~~undersigned~~LIBOR ~~thereunto~~Act ~~duly~~and ~~authorized.~~the LIBOR Act Implementing Regulations, the “Average SOFR Replacement Rate”), and

~~SLC~~(ii) ~~STUDENT~~all ~~LOAN~~references ~~RECEIVABLES~~to I,LIBOR ~~INC.~~set ~~By:~~forth ~~/s/~~in ~~John~~the A.Transaction ~~Fietz~~Documents ~~Name:~~will ~~John~~be A.replaced ~~Fietz~~with ~~Title:~~a ~~Vice~~reference ~~President~~to ~~and~~the ~~Secretary~~Average SOFR Replacement Rate.

~~Date: January~~The 5component of the interest rate payable with respect to the Affected Notes representing the spread over the benchmark rate will remain unchanged. In addition, ~~2011~~in each case the Transaction Documents for the Trust will be deemed by operation of law to include those benchmark replacement conforming changes as required by the Federal Reserve Board pursuant to the LIBOR Act Implementing Regulations, and may include any additional technical, administrative, or operational changes, alterations or modifications that, in the reasonable judgment of Navient Solutions, LLC, as administrator for the Trust, would be necessary or appropriate to permit the implementation, administration, and calculation of the Average SOFR Replacement Rate, under or with respect to the related Indenture after giving due consideration to any benchmark replacement conforming changes otherwise required by the Federal Reserve Board. Capitalized terms used but not defined herein will have the meanings assigned to such terms in the Indenture pursuant to which the Affected Notes are issued.

Item 3.03

Material Modification to Rights of Security Holders.

The benchmark rate used to calculate interest payable in respect of the Affected Notes has been modified as described in Item 1.01.

SIGNATURES

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

	SLC STUDENT LOAN RECEIVABLES I, INC.

Dated: July 6, 2023	By:	/s/ Charles Jacques

	Name:	Charles Jacques
	Title:	President

Filing Compare · SLC Student Loan Trust 2010-1