student loan consolidation credit rating

Fitch Rates SLM Student Loan Trust 2006-5 Issue

The ratings are based on the quality of Federal Family Education Loan Program (FFELP) student loan portfolio, the quality of the servicing provided by Sallie Mae Inc., rated ABPS/S1, the transaction's legal structure and level of credit enhancement. The ratings reflect the ability of the trust estate to pay note principal at the legal final maturity and timely interest. The ratings do not address the ability of the reset-rate noteholders to tender their notes at a remarketing date nor do they address the ability of the indenture trustee to auction the collateral pool prior to the stated maturity of the notes.

Credit enhancement for the trust consists of the reserve account, sized at 25 basis points (bps) of the current student loan pool balance and the add-on consolidation loan account balance with a floor of $4,524,559 or 15 bp.

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US women sell ova to pay their debts

WASHINGTON: Young American women, particularly students, who are neck-deep in credit card debt or student loans, have found a new way of paying off their bills donating their ovum. The idea of selling ova to clear loans is catching on fast and two sisters, themselves donors, have started an agency to recruit other donors and match them with patients. The sisters have already recruited a few of their friends and are actively looking for more donors, according to a Boston Globe report.

The report says a Boston-based couple paid Jamie Galbraith, 27, a mother of two children $15,000 for donating her ovum. All she did was spent 45 minutes at a fertility clinic to donate her eggs.

She lives in Michigan and she was paid airfare, hotel charges and daily allowances to come to Massachusetts and to her clients fertility clinic for the operation.

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