Student ABS lenders hit by steep declines in college enrollment

Student loan
By Jennifer Kang
14 Jan 2021

Navient is issuing the first student loan securitization of 2021 as the sector continues to battle political headlines and a decline in student post-secondary enrollment.

The online student loan provider is readying a $817.8m transaction backed by fixed and variable-rate private student loan refinancings. Barclays is the structuring lead for the transaction, with Bank of America, JP Morgan and RBC serving as joint leads.

S&P Ratings assigned an AAA rating to the ...

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