Fitch Publishes Second Quarter Edition of The Student Loan Report Card

NEW YORK--(BUSINESS WIRE)--June 30th was a significant day for the student loan industry. On this day, the Federal Family Education Loan Program (FFELP) was officially terminated 45 years after its creation by the Higher Education Act of 1965, and the Straight-A Funding (Straight-A) asset-backed commercial paper conduit also expired.

According to Fitch Ratings's latest edition of 'The Student Loan Report Card' new ABS issuance slowed in the second quarter and primarily consisted of refinancing of auction rate securities supported by FFELP collateral, with some private student loan tax exempt issuances.

In this edition, Fitch discusses trust performance and Fitch's basis risk methodology currently applied to all FFELP ABS indexed to LIBOR.

Additional information is available at 'www.fitchratings.com'.

Related Research: The Student Loan Report Card
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=542865

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