Student Loan Corp. the nation's largest lender of insured student loans, will not re-enter the asset-backed securities market after a long hiatus despite its securitization-friendly confines, according to an official close to the situation, and instead will continue to fund through whole-loan sales.

The decision to take the whole-loan route comes even as majority owner Citibank has made an offer to buy the remaining stock from the student loan lender.

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