Times are changing quickly for the student loan ABS sector, both externally and internally. While the asset class continues to attract attention from investor groups that are shying away from MBS products, lenders and secondary market financing sources are making progress in the way student loans are originated and securitized.
Meanwhile, more specialty student loan providers are funding their private loan programs through securitization. College Loan Corp., one student loan provider, is planning to float a $500 million ABS deal secured by private student loans sometime by the end of the second quarter of 2008, said John H. Falb, the company's SVP of capital markets. Falb spoke at last week's ABS East 2007 conference in Orlando.