OVERVIEW New Jersey Higher Education Student Assistance Authority's series 2012-1 bond issuance is an ABS securitization backed by private fixed-rate student loans made under New Jersey Higher Education Assistance Authority's NJCLASS loan program. We assigned our ratings to the class A and B notes. The ratings reflect our view of the transaction's credit support, parity, timely interest and principal payments, and payment and legal structures, among other factors. NEW YORK (Standard&Poor's) June 28, 2012--Standard&Poor's Ratings Services today assigned its ratings to New Jersey Higher Education Student Assistance Authority's $259.3 million student loan revenue bonds series 2012-1 (see list). The note issuance is an asset-backed securities transaction backed by private fixed-rate student loans made under New Jersey
