OREANDA-NEWS.  Fitch Ratings maintains its Negative Rating Watch on nine tranches from four FFELP trusts. The student loan notes are issued by Access Group, Inc. Series 2007-1, Nelnet Student Loan Trust 2008-3, SLM Student Loan Trust 2008-1, and SLM Student Loan Trust 2012-7. All nine tranches have heightened risk of missing legal final maturity dates and are still in the process of additional analysis. Fitch expects to complete the review and resolve the Rating Watch status over the next few months. A full list of rating actions follows at the end of this press release.

For more information regarding the Rating Watch Negative, please see the release titled 'Fitch Places 57 U.S. FFELP ABS Tranches on Rating Watch Negative for Maturity Risk' dated June 26, 2015, and available at www.fitchratings.com.

DUE DILIGENCE USAGE

Fitch was not provided due diligence information from any third parties.

Fitch has maintained the Negative Rating Watch for the following tranches:

Access Group, Inc. Series 2007-1
--A-3 at 'AAAsf';
--B at 'AAAsf';
--C at 'Asf'.

Nelnet Student Loan Trust 2008-3
--A-4 at 'AAAsf'.

SLM Student Loan Trust 2008-1
--A-3 at 'AAAsf';
--A-4 at 'AAAsf';
--B at 'Asf'.

SLM Student Loan Trust 2012-7
--A-2 at 'AAAsf';
--B at 'A+sf'.