SOURCE: Education Finance Partners

November 15, 2006 00:01 ET

Education Finance Partners Completes $346.2 Million Private Loan Securitization

SAN FRANCISCO, CA -- (MARKET WIRE) -- November 15, 2006 -- Education Finance Partners, Inc., a consumer loan company specializing in private student loans, announced the close of its first securitization. In a private placement transaction, Education Funding 2006-1 LLC, a Delaware limited liability company, issued $346,220,000 aggregate principal amount of private student loan asset-backed floating rate notes in five classes.

Tamera S. Briones, Chief Executive Officer of Education Finance Partners, stated, "The market response to this deal exceeded our expectations." Ms. Briones added, "Our origination pipeline is rapidly expanding and with the momentum the company has generated, we anticipate further securitization transactions in 2007."

About Education Finance Partners:

Education Finance Partners is a full-service specialty finance company providing private student loan solutions that enable students and their families to bridge the gap between the cost of education and federal aid.

Education Finance Partners is headquartered in San Francisco, California, with operations in Austin, Texas. The company has a nationwide footprint and provides its products and services through multiple distribution channels. To learn more about the company please visit EducationFinancePartners.com.

Contact Information

  • MEDIA CONTACT:
    Kirk Copeland
    Education Finance Partners
    415.217.6003
    Email Contact
    EducationFinancePartners.com