The Rhode Island Student Loan Authority priced $93.1 million of bonds backed by Federal Family Education Loan Program loans, according to a regulatory filing.

The interest rates on the notes are one-month LIBOR 70 basis points.  Payments begin on August 1, 2014 and will be paid monthly until the notes mature in October 2028. The weighted average seasoning for the federal loans backing the deal is 44 months.

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