OVERVIEW New Jersey Higher Education Student Assistance Authority's issuance is an ABS transaction backed by private student loans made under the New Jersey Higher Education Student Assistance Authority's NJCLASS program, which includes a pilot loan refinance program. We assigned our ratings to the series 2016-1A and 2016-1B notes. The ratings reflect our view of the transaction's available credit support, parity, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) June 1, 2016--S&P Global Ratings today assigned its ratings to New Jersey Higher Education Student Assistance Authority's $190.0 million student loan revenue bonds series 2016-1 (see list). The note issuance is an ABS transaction backed by private student loans made under the New Jersey Higher Education Student
