"Nelnet Inc. has sold a $660 million student loan-backed deal, according to a person familiar with the matter," Dow Jones Newswires reports. "The sale of such asset-backed deals after the effective end of a Federal Reserve program to boost this market, is a sign of recovery. The Fed stepped in with offers of low-cost nonrecourse loans for investors to buy newly created consumer loan-backed deals in March last year, after investors grew wary of collateral backing the bonds and refused to purchase any."