[December 03, 2012]

Fitch Publishes Third Quarter 2012 Edition of the Student Loan Report Card

According to the Federal Reserve Bank of New York, the outstanding student loan debt grew to $914 billion as of June 30, 2012, while other consumer debts continued to trend lower. However, Fitch Ratings, in its quarterly issue of the Student Loan Report Card, doesn't believe this recent growth in student loan debt will affect student loan asset-backed securities transactions in a material way, due to the federal government guarantee, diversification, overcollateralization, and transaction structures.

However, if loan defaults rise substantially, Fitch would expect incremental losses to manifest in the private student loan pools.

In this edition of the Student Loan Report Card, Fitch also discusses trust performance and highlights structural features of new transactions rated during the period.

The full report is available at 'www.fitchratings.com'.

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

Applicable Criteria and Related Research: The Student Loan Report Card

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm rpt_id=695726

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