OVERVIEW New Jersey Higher Education Student Assistance Authority's issuance is an ABS transaction backed by private fixed interest rate student loans made under its NJCLASS loan program. We assigned our ratings to the series 2015-1A and 2015-1B bonds. The ratings reflect our view of the transaction's timely interest and principal payments and payment and legal structures, among other factors. NEW YORK (Standard&Poor's) June 10, 2015--Standard&Poor's Ratings Services today assigned its ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $180.0 million student loan revenue bonds series 2015-1 (see list). The bond issuance is an asset-backed securities transaction backed by private fixed interest rate student loans made under the HESAA's New Jersey College Loan to Assist
