All the Credit

College Credit: Analyzing Changes in Student Loans and the ABS Market

With Michael Collins, CFA , Florence Chan & Scott Motta, CFA,

 FRM — Sep 29, 2022

30 mins

All The Credit® | Episode 31

With the recent announcement of a major student loan forgiveness program in the U.S., we dissect the program and its implications for fixed income investors. PGIM Fixed Income's Florence Chan, Head of ABS Research, and Scott Motta, of the Securitized Products portfolio team, are here to sort through all the details, including:

  • a brief history of student loans in the U.S.;
  • details on the new loan forgiveness program;
  • thoughts on the economic and inflationary impact of the program;
  • characteristics of the student loan asset back securities (SLABS) market; and
  • how PGIM Fixed Income views and has been positioning ourselves within the SLABS market.

Recorded on September 23, 2022.