Nelnet priced $573 million of student loan securities backed by 100% Federal Family Education Loan Program (FFELP) collateral.

The deal, NSLT 2014-6, sold the $565 million, 8.2-year, class A notes at 65 basis points over one-month Libor, according to a Standard & Poor’sreport. By comparison, the Mississippi Higher Education Assistance Corp. (MHEAC) last week priced $387 million of class A notes, maturing in October 2035  at a spread of 68 basis points over one-month Libor. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.