NorthStar Education Finance, a Delaware non-profit, is marketing $90 million of bonds backed by private loans to medical and law students.

The deal, dubbed NorthStar Student Loan Trust III, will issue two classes of notes: an $86 million senior tranche maturing in May 2036 is rated ‘Aa1’ by Moody’s Investors Service and a $4 million subordinate tranche maturing in October 2037 is rated ‘A1.’

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