Investor Presentaiton
Private Education Loan ABS Issuance
Characteristics
Private Education Loan ABS Transaction Features
• Issue size of $500M+
• Senior and subordinate notes
.
• Amortizing tranches with 1 to 10 year
average lives
•
Fixed rate and floating rate securities
Compliant with U.S. risk retention and,
depending on the transaction, with
European risk retention
• Navient Solutions, LLC is master servicer
•
Collateral Characteristics
Collateralized by loans made to students
and parents to fund college tuition, room
and board
- Seasoned assets benefiting from
proven payment history
- Refi assets with strong credit factors
including high FICO scores, income,
and ability to pay
Underwritten using a combination of
FICO, custom scorecard & judgmental
criteria with risk based pricing, debt-to-
income, household income, and free cash
flow, as applicable
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