Sallie Mae has upsized its latest offerings of student loan backed securities, by $248.7million to $992.3 million, according to a regulatory filing.

The deal, SLM Student Loan Trust 2014.2, is Sallie Mae’s second securitization of  Federal Family Education Loan Program (FFELP) loans of the year. It will now issue five classes of notes with totaling $965.1 million with preliminary ‘Aaa’/’AAA’ ratings from Moody’s Investors Service and Fitch Ratings: $268 million of class A-1 notes maturing in July 2019; $191 million of class A-2 notes maturing in October 2021; and $506.1 million of class A-3 notes maturing in March 2029.

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