Student lender collapses as immigrant crackdown roils loan book
The company has more than $400 million of outstanding ABS, and is now in talks with creditors over what happens to its remaining assets and operations.
Student loan ABS
Student loan assets from NHBFA power $234.9 million in revenue bonds
NHBFA's senior bonds benefit from credit support levels ranging from 17.00% to 19.70%, based on its 'AA' stressed break-even cash flow.
Refi student loans for doctors, lawyers underpin Navient’s latest ABS
Navient will follow a sequential repayment structure, and no subordinate classes will receive any principal until the most senior outstanding class is paid in full.
Trump visa curbs derail student lender’s securitization push
Mpower's plan to sell nearly $250 million of bonds hit a hurdle after some potential investors spooked by Trump's policy shifts balked during the effort's early pitches.
Sallie Mae raises $2.3 billion in SLABS from its Smart Option pool
The deal will issue floating-rate notes, through the A-1B tranche, while underlying variable-rate loans are pegged to either CME Term SOFR or the 30-day average SOFR.
Sallie Mae’s latest ABS deal raises $1.5 billion
Loans originated under Sallie Mae's Smart Option loan program, which have demonstrated significantly lower default rates compared with those from the Signature program, make up the entire collateral pool.
SMB Private Education platform in the market with $618 million
Underlying variable-rate loans were underwritten to the Chicago Mercantile Exchange (CME) Term SOFR or the average SOFR. Also, SMB 2026-A will not hedge the rated notes or the student loans in the trust.
Nelnet private loans to support $745.1 million in securitized bond sale
NSLT 2025-D comes to market as the private student loan sector is seeing increased issuance. Two of the program's deals, series 2025-B and 2025-C, accounted for $4 billion of issuance, almost half the sector's production.
North Texas Higher Education trust issues $50 million in student loan ABS
The 2025A bonds will have parity with all senior bonds that have been previously issued, and any senior bonds issued in future deals.
Navient Refinance to raise $543 million in student loan ABS
Credit enhancement could increase for the most senior outstanding classes of notes, however, as the notes repay investors sequentially over time.
Nelnet sells $1.5 billion in student loan ABS
Most of the capital structure will pay fixed-rates to noteholders, except for the A1B notes, which offers floating-rate notes pegged to the one-month SOFR.
Private Iowa student loans back $160.9 million
Most of the pool, 68.6%, is in the repayment phase, while 19.1% of the loans in the pool are in deferment.
North Carolina student loan provider raises $69.2 million in ABS
Credit support to the bonds range from 28.48% to 32.30%. They provide coverage of about 3.0x-3.4x of its base-case net loss in the 'A' stressed, break-even cash flow scenarios.
Kentucky Higher Education Student Loan Corp to raise $95.3 million in ABS
All the notes have credit enhancement totaling 28.3% of the pool balance, rating agencies said.
MPOWER’s second securitization expected to raise $297.6 million
A vast majority of borrowers have either graduated from one of MPOWER's eligible graduate degree programs in science, technology, engineering and math (STEM) or business.
Navient student loan refinance pool aims to raise $550 million
Borrowers' high incomes and the abundance of monthly free cash flow speed up repayments and mitigate the transaction's exposure to economic downturns.
Nelnet Student Loan Trust readies $1 billion in ABS
Almost all the collateral was extended to borrowers attending four-year schools, and the same percentage was made to borrowers attending not-for-profit schools.
Carlyle, KKR Sell $1 billion asset-backed securities tied to Discover loan portfolio
The $1 billion securitization includes a $424 million fixed rate Aaa-rated portion with a yield of 5.133% as well as a $424 million floating Aaa-rated portion priced at 110 basis points over the Secured Overnight Financing Rate.
CFPB moves closer to enforcement action on student loan issuer
The agency wants the National Collegiate Student Loan Trusts, which sell student loan asset-backed securities (ABS) to investors, to pay $2.25 million in fines to borrowers.
SMB Private Education Loan Trust prepares to sell $495 million in SLABS
Any risk of mis-matching of fixed and floating rates among the assets and transaction notes is minimal. Between 80%-90% of the notes pay a fixed rate, while 78% of the loans are fixed rate.
Load More
Couldn’t load more articles. Try again.