Student-loan issuance levels have more than doubled over last year, and that has helped propel secondary market student-loan securitizers USA Education to the No. 3 position on preliminary third quarter league table data, according to Thomson Financial Securities Data.
USA Education (formerly Sallie Mae), No. 27 in last year's rankings, has issued about $8.2 billion in securities year-to-date, ending Sept. 30. The company said that it planned to issue about $10 billion in bonds in 2000, and that it is on track to reach that level.