South Carolina Student Loan Corporation has priced the $501 million SCSLC 2014-1 transaction that is backed by student loans guaranteed by the U.S. under the Federal Family Education Loan Program (FFELP).

The 2014 A-1 notes, rated ‘AAA’/ ‘AA+’ by Fitch Ratings and Standard & Poor’s and structured with a weighted average life of 6.5-years, priced at 75 basis points over one month Libor, according to Bloomberg. The notes were sold 15 basis points wider than the 8-year, class A notes issued by Navient Credit Finance Corporation earlier in the week. 

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