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$667,935,000 Floating Rate Class A-FL Private Education Loan-Backed Notes
$667,935,000 Fixed Rate Class A-FX Private Education Loan-Backed Notes
$171,871,000 Fixed Rate Class B Private Education Loan-Backed Notes
$39,060,000 Fixed Rate Class C Private Education Loan-Backed Notes
$78,122,000 Fixed Rate Class D Private Education Loan-Backed Notes
Date of Issue: August 18, 2021
Issue Amount: $1,624,923,000
Securities Offered:
Class A-FL Floating Rate Asset-Backed Notes in the aggregate principal amount of
$667,935,000
Rate: One-Month LIBOR +0.74%
CUSIP: 64035GAA7
ISIN: US64035GAA76
Class A-FX Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$667,935,000
Rate: 1.32%
CUSIP: 64035GAB5
ISIN: US64035GAB59
Class B Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$171,871,000
Rate: 2.53%
CUSIP: 64035GAC3
ISIN: US64035GAC33
Class C Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$39,060,000
Rate: 3.36%
CUSIP: 64035GAD1
ISIN: US64035GAD16
Class D Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$78,122,000
Rate: 4.44%
CUSIP: 64035GAE9
ISIN: US64035GAE98
Rule 144A European Common Codes
Class A-FL Notes: 237832876
Class A-FX Notes: 237832868
Class B Notes: 237832884
Class C Notes: 237832906
Class D Notes: 237832892
Regulation S European Common Codes
Class A-FL Notes: 237832914
Class A-FX Notes: 237832949
Class B Notes: 237832922
Class C Notes: 237832957
Class D Notes: 237832965
Servicer: Nelnet Servicing, LLC (d/b/a Firstmark Services)
Administrator: National Education Loan Network, Inc.
Indenture Trustee: U.S. Bank, National Association
Initial Purchasers:
BofA Securities
Citigroup
Goldman Sachs & Co. LLC
Mizuho Securities
RBC Capital Markets
Wells Fargo Securities
Initial Rating:
Class A Notes
Aaa Moody's
AAA DBRS
Class B Notes
AA DBRS
Class C Notes
A DBRS
Class D Notes
BBB DBRS