New Jersey Higher Education Student Assistance Authority's issuance is a securitization backed by private student loans made under the New Jersey Higher Education Student Assistance Authority's NJCLASS loan program. We assigned our ratings to the series 2024A, 2024B, and 2024C bonds. The ratings reflect our view of the transaction's credit support, expected initial parity, and payment and legal structures, among other factors. ENGLEWOOD (S&P Global Ratings) May 30, 2024--S&P Global Ratings today assigned its ratings to New Jersey Higher Education Student Assistance Authority's (HESAA) student loan revenue bonds senior series 2024A and 2024B and subordinate series 2024A (collectively, the series 2024 bonds) (see list). The bond issuance is a securitization backed by private student loans made under the HESAA's New
