PT - JOURNAL ARTICLE AU - Richard L. Fried AU - James P. Breheny TI - Tuition Isn't the Only Thing Increasing AID - 10.3905/jsf.2005.502617 DP - 2005 Apr 30 TA - The Journal of Structured Finance PG - 40--45 VI - 11 IP - 1 4099 - https://pm-research.com/content/11/1/40.short 4100 - https://pm-research.com/content/11/1/40.full AB - As the demand for capital to fund the increasing costs of education grows, lenders have utilized the student loan asset-backed securities (“SLABS”) market to help provide this funding. This article provides an overview of the development of the SLABS market, examines student loans and a variety of regulatory issues affecting the student loan market, and concludes with a prediction of future developments. The SLABS sector consists of both “government” loans and private loans. The majority of government student loans are funded under the Federal Family Education Loan Program (“FFELP”) of Title IV of the Higher Education Act of 1965, as amended. Securities and Exchange Commission (“SEC”) registered or public transactions make up the largest segment of student loan issuances. The SLABS market has evolved from a simple pass-through structure to more elaborate multi-tranche structures. Student loans have a number of payment characteristics that differentiate them from other asset types.