Student ABS lenders hit by steep declines in college enrollment

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.
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