OVERVIEW We reviewed the Vermont Student Assistance Corp.'s series 2010A-1 bonds, which include 12 classes that are backed by a pool of private student loan collateral. We affirmed the 'A (sf)' ratings on all of the bonds due to continued stable performance of the underlying loans and current parity levels. NEW YORK (Standard&Poor's) May 4, 2012--Standard&Poor's Ratings Services today affirmed its ratings on all of the series 2010A-1 senior bonds issued by Vermont Student Assistance Corp. (VSAC) under the transaction's 2010 master indenture (see list). The affirmations reflect our view of the collateral's performance, which, as evidenced by very low cumulative defaults, remains in line with our expected cumulative default assumptions. Additionally, the trust currently has
