Sallie Mae Bank is readying $382 million of bond backed by a pool of private student loans, according to a presale report from Standard & Poor’s.

The deal, SMB Private Education Loan Trust 2014-A, is backed by loans that will provide private funding for students enrolled in traditional, four-year programs (96.9% of the pool), two-year programs (2.7%), and proprietary and vocational programs (0.4%). 

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