MEFA Launches Student Loan Deal

By Gabrielle Stein

September 8, 2008

The Massachusetts Educational Financing Authority (MEFA) is issuing $400 million in education loan revenue bonds; it is the first private student loan securitization of the year from the state authority. The deal hits the market as private student lenders have encountered issues shoring up capital. However, state authorities have also faced funding difficulties as a result of the credit crunch.

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