Refi borrowers push SLABS supply past 2019 levels

Student loan
By Jennifer Kang
14 Sep 2020

The private student loan ABS sector exceeded 2019 issuance volume last week, with the addition of SoFi’s fourth transaction, as more borrowers rush to refinance their student loans while rates remain at historic lows.

All consumer ABS segments, as well as most esoteric sectors, have failed to catch up to 2019 issuance volumes in the wake of pandemic stress. Examples of hardest hit sectors include credit card ABS, where issuance has fallen from $20.1bn to $2.5bn year-to-date this year, an 87.8% decrease ...

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