In 2012, student loan ABS issuance will likely remain flat at $15 billion from this year, according to research this morning from Standard & Poor's.
Analysts said that public SLABS issuance reached $14.2 billion through Dec. 1 versus volume of $17.7 billion in 2010, according to the Securities Industry and Financial Markets Association.
FFELP auction-rate refinance transactions dominated 2011 issuance, which is a trend that is probably going to continue in 2012.
Meanwhile, S&P said that the private student loan deal volume has grown in recent months.
Student loan ABS issuance typically tracks newly originated student loan debt. However, in recent years, the government’s direct lending program has been a major influence after FFELP was stopped back in 2010, S&P stated in the report.