DBRS Profiles Student Loan Issuer The Brazos Group

DBRS has released an issuer profile of The Brazos Group (Brazos), the largest non-profit holder of federally guaranteed student loans and the sixth largest holder overall of student loans in the United States. The report includes an overview of the company’s operations, including loan products, origination and servicing systems, internal controls and securitization program.

“Brazos is a fully integrated student loan finance organization that has successfully evolved from a local secondary market entity into a diversified solutions provider for both students and lenders on a national scope,” notes David Hartung, the report’s co-author. “The company, through its many affiliates and significant loan holdings, has become an important player in the student loan asset-backed sector.”

As of May 31, 2006, Brazos maintained an $11.8 billion student loan portfolio, managed $11.3 billion of outstanding student loan-backed securities and serviced $277.4 million in student loans.

Note:
All figures are in US dollars unless otherwise noted.