M&A - EDUCATION FUNDING CAPITAL I, LLC

Form Type: ABS-15G

Filing Date: 2025-02-11

Corporate Action: Acquisition

Type: Update

Accession Number: 000121970125000002

Filing Summary: Education Funding Capital I, LLC (EFC) filed an ABS-15G report to satisfy obligations under Section 15G of the Securities Exchange Act of 1934 for the reporting period covering January 1, 2024 to December 31, 2024. The filing date for this report is February 11, 2025. EFC indicates that there were no activities to report for the annual period covered by this filing. The report states that EFC acted as sponsor for asset-backed securities backed by student loans from the Federal Family Education Loan Program (FFELP), primarily involving securities held by non-affiliates. Notably, EFC was acquired by Nelnet Finance Corp., a subsidiary of Nelnet, Inc., from Student Loan Xpress, Inc. on April 25, 2014. The report references asset-backed securities issued by CIT Education Loan Trust 2005-1 and CIT Education Loan Trust 2007-1.