Scottsdale, Ariz. - During a panel at Strategic Research Institutes' Asset Securitization 2002, it was announced that Sallie Mae/USA Education, as it privatizes itself, will substantially increase its ABS issuance over the next four years. This year, the company intends to hit about $10 billion in issuance, and aims for about $20 billion annually by 2004.

Sallie Mae/USA education will be a non-government entity by 2006, which is the driving the factor behind its plans to increase issuance. Without the balance sheet and funding options it enjoys via its government guaranty, the student lender will become more reliant on alternative sources of funding.

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