Sallie Mae latest private student loan securitization does something that won’t be possible once risk retention rules take effect: it gets the assets completely off of its balance sheet.

In a press release published Friday, the lender said that it has priced all of the notes to be issued by SMB Private Education Loan Trust 2015-A, including $704 million of notes and the residual interest in the deal, valued at $50 million.

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