Sallie Mae will issue at least $6 billion or go up to $10 billion of SLABS this year. However, Kenneth Fischbach, director of capital markets at the firm, is envisioning around $8 billion of SLABS issuance from Sallie in 2012. These remarks were made at the American Securitization Forum annual meeting held this week in Washington D.C.

Sallie Mae has issued around $5.3 billion thus far. Of that total, $2.8 billion were backed by FFELP loans while $2.8 billion were collateralized by private credit. Securitization continues to be a key part in the company's liability structure, although Fischbach said that the student loan lender is strategic about its distrubution given recent market volatility. 

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