Nelnet’s first federally guaranteed student loan securitization in almost a year is backed primarily by consolidation loans.

A single, $535 million tranche of notes with preliminary triple-A ratings from Fitch Ratings and Moody's Investors Service will be issued in the deal, dubbed Nelnet Student Loan Trust 2017-1. The notes have a legal, final maturity of 2065 and benefit from 3.75% overcollateralization.

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