OVERVIEW New Jersey Higher Education Student Assistance Authority's series 2014-1 issuance is an ABS transaction backed by private fixed and variable interest rate student loans made under New Jersey Higher Education Student Assistance Authority's NJCLASS loan program. We assigned our preliminary ratings to the series 2014-1A-1, 2014-1A-2, and 2014-1B bonds. The preliminary ratings reflect our view of the transaction's payment and legal structures, the loan pool's anticipated strong characteristics, and the credit support available, among other factors. NEW YORK (Standard&Poor's) May 1, 2014--Standard&Poor's Ratings Services today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's $220.0 million student loan revenue bonds series 2014-1 (see list). The bond issuance is an asset-backed securities transaction
