Massachusetts Educational Financing Authority (MEFA) plans to issue a $184 million of bonds backed by fixed-rate, private student loans that it originates, according to a Fitch Ratings presale report.

MEFA, Issue I Series 2014 will be collateralized by approximately $485 million existing fixed-rate private student loans that originated with proceeds from earlier bond issuances and approximately $195 million new fixed-rate private student loans.

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