A recent Barclays Capital report highlighted the slowdown of the private credit student loan ABS market where issuance has dropped 60% from the same time last year. The only two ABS deals to price since mid-July were from this year totaling $1.4 billion.

The report stated that the two deals from this year were from Sallie Mae, which had a 68% market share over the same period in 2010. Barclays also cited that private credit student loan ABS issuance made-up only 15% of the total student loan ABS issuance year-to-date, down from 34% in 2010 and 44% in 2009.

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