Sallie Mae priced an upsized, $994 million student loan securitization, according to a regulatory filing.

The deal, originally sized at $750 million, is backed by Federal Family Education Loan Program loans that are insured by the U.S. Department of Education. It consists of three classes of floating-rate notes rated ‘AAA’/’Aaa’ by Fitch Ratings and Moody’s Investors Service.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.