With its first-ever term Libor floater under its belt, nonprofit student lender NorthStar Capital Markets is the latest name in the rapidly growing sector. But unlike some new entrants, NorthStar plans on a more tempered approach to securitization. The primarily graduate-and professional-school lender does not plan to flood the market with ABS, but will offer just one deal a year, according to Chief Financial Officer Jamie Wolfe.

NorthStar, which was a guarantor before it began lending in 1997, is not hell-bent on portfolio growth, as some consolidation lenders may be. It plans to maintain its strategy of targeting primarily medical and law school students with a smaller focus on undergraduates expected to head to graduate programs.

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