Slower issuance might characterize the U.S. ABS market, resulting in break-even numbers at best by yearend. The student loan sector, for its part, however, is well on its way to having another record-breaking year of production.

Issuance hit $21.7 billion for the second quarter, a 33.9% increase over the $16.2 billion in deals that the sector did for the first quarter, according to ASR's most recent figures. By yearend, Standard & Poor's said that student loan ABS issuance should increase by 5% in 2006 over 2005's totals of $69.7 billion.

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