Sallie Mae priced its $1.2 billion securitization, SLM 2013-1  at tighter levels than Nelnet's $438 million Student Loan Trust 2013-1 deal, which priced at the end of January.

SLM 2013-1, 6.8-year, ‘AAA’ rated, class A3 notes priced at 55 basis points; and the 8.6-year, ‘A1’ rated, B tranche, priced at 180 basis points. Nelnet’s Student Loan Trust 2013-1 priced its 6.5-year senior tranche priced at 60 basis points. The 15-year subordinate tranche priced at 280bp.  

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