Nelnet is shopping its third securitization of government guaranteed student loans of the year, according to a presale report published by Fitch Ratings.
The deal, Nelnet Student Loan Trust 2014-3, is backed entirely by Federal Family Education Loan Program loans, including approximately 21.3% of rehabilitated loans
Fitch has assigned a preliminary 'AAA’ rating to $700.7 million of class A notes and a preliminary A+’ rating to $19.1 million of class B notes.
Pennsylvania Higher Education Assistance Agency will service 82% of the 2014-3 portfolio, while Nelnet and Great Lakes Educational Loan Services will service the remaining 16% and 2%, respectively.
