Sallie Mae is returning to the securitization market for the first time this year with a $585 million offering of bonds backed by private student loans.

SMB Private Education Loan Trust 2017-A (SMB 2017-A) is Sallie Mae Bank’s eighth term asset-backed securities (ABS) transaction and the seventh transaction in which Sallie Mae Bank will be the servicer. The collateral backing the transaction will consist exclusively of private student loans originated and underwritten by Sallie Mae Bank under the Smart Option Student Loan Program. Smart Option loans do not benefit from a guarantee from the US government.

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