Barclays is preparing a $185.87 million securitization of federally guaranteed student loans, according to a presale report by Fitch Ratings.

The deal, Academic Loan Funding Trust (ALFT) 2013-1, will issue bonds backed by “rehabilitated” Federal Family Education Loan Program loans; these are loans to borrowers who have previously defaulted but have since made at least nine timely payments in a 10-month period.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.