Note: By using this page, you agree to the Investor Relations terms of use.
$949,920,000 Fixed Rate Class A-1A Private Education Loan-Backed Notes
$949,920,000 Floating Rate Class A-1B Private Education Loan-Backed Notes
$224,689,000 Fixed Rate Class B Private Education Loan-Backed Notes
$129,123,000 Fixed Rate Class C Private Education Loan-Backed Notes
$125,580,000 Fixed Rate Class D Private Education Loan-Backed Notes
Date of Issue: December 5, 2025
Issue Amount: $745,133,000
Securities Offered:
Class A-1A Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$300,600,000
Rate: 4.65%
144A CUSIP: 639931AA2
Reg S CUSIP:
Class A-1B Floating Rate Asset-Backed Notes in the aggregate principal amount of
$300,600,000
Rate: 30-day Average SOFR +1.30%
144A CUSIP: 639931AB0
Reg S CUSIP:
Class B Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$66,262,000
Rate: 4.86%
144A CUSIP: 639931AC8
Reg S CUSIP:
Class C Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$41,862,000
Rate: 5.30%
144A CUSIP: 639931AD6
Reg S CUSIP:
Class D Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$35,809,000
Rate: 5.86%
144A CUSIP: 639931AE4
Reg S CUSIP:
Servicer: Nelnet Servicing, LLC (d/b/a Firstmark Services)
Administrator: National Education Loan Network, Inc.
Indenture Trustee: Wilmington Trust, National Association