Private student loan providers readying securtization platforms

students
By Ryan Bolger
15 Sep 2014

With government-backed student loan collateral diminishing, decreasing ABS issuance in the sector could be boosted as private lenders such as Citizens Bank look to consolidate loans into securitization-ready pools.

The Pennsylvania Higher Education Assistance Agency (PHEAA) saw its $646.7m student loan ABS price at 59bp over Libor last week in another public ABS backed by a now-defunct government programme. PHEAA’s issue, expected to settle on September 18, is backed by loans issued under the Federal Family Education ...

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