OVERVIEW New Jersey Higher Education Student Assistance Authority's issuances are backed by private student loans originated under its NJCLASS loan program, which includes a pilot loan refinance program. We raised our ratings on four bonds to 'AAA (sf)' from four series to reflect their short term-to-maturity. We affirmed our ratings on 64 bonds from four series to reflect our view of the transactions' available credit support, parity, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) June 2, 2016--S&P Global Ratings today raised its ratings on four classes from four series and affirmed its ratings on 64 bonds from four series issued by New Jersey Higher Education Student Assistance Authority (HESAA) (see list). The trust is
