College Loan Corp. maps issuance plan

With its first public term securitization under its belt, College Loan Corp. aims to issue student loan ABS two to four times a year going forward, sources said. The new player in the student loan sector also plans an expansion into Europe, via longer-dated tranches in future offerings.

The recent $1.3 billion 2003-2 transaction is the lender's largest to date, but not its first. The San Diego-based company has privately placed three previous securitizations of undisclosed size, via its selling group of Citigroup Global Markets, Goldman Sachs and UBS. The most recent offering, led jointly by Citigroup and UBS, priced on Oct. 3.