With FFELP student loan issuers having difficulty funding loans because of the current credit freeze, the Straight-A Funding student loan conduit was developed to provide a partial industry solution.

Citi and Morgan Stanley are the transaction's joint structuring leads, while BMO Capital Markets serves as the manager on the conduit. Bank of New York is the administrator, while Mayer Brown serves as the legal counsel. Five student loan issuers are on the Conduit Advisory Committee and are acting as advisers on the transaction.

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