Student Lending

CBA is the public policy voice for private-market capital to fund loans supporting America’s students. Private student loans serve important purposes, primarily to provide gap funding for undergraduates who need to pay for college. In addition, for some families and graduate students, private loans can be a sensible alternative to federal loans, especially PLUS loans. Almost 97% of private student loans are being successfully repaid. That is largely due to the high level of underwriting required to receive a private loan, as well as the use of cosigners. Nearly 70% of private student loans are made by six lenders, five of which are CBA Members.  Collectively, private loans account for just 8% of loans being made today. The other 92% are Direct Loans made by the U.S. Department of Education. 

  • April 18, 2014
    CFPB Expects Federal Student Loan Interest Rates to Increase On Monday, April 14, 2014, the CFPB's Student Loan Ombudsman, Rohit Chopra, penned a blog post titled “Explainer: Federal student loan interest rates to jump,” outlining an expected increase in rates for federal student loans. Rates are currently set under the Bipartisan Student Loan Certainty Act of 2013, which became law in August...
  • April 2, 2014
    RE: Title IV Program Integrity and Improvement – Negotiated Rulemaking Dear Ms. Moran: The Consumer Bankers Association (CBA) and the American Bankers Association (ABA) (collectively, the Associations) appreciate the opportunity to submit our comments on the Department of Education’s (DOE) current draft regulation, issued pursuant to a negotiated rule making process that addresses matters related...
  • February 13, 2014
    Washington, D.C. (February 13, 2014) –Richard Hunt, president and CEO of the Consumer Bankers Association, issued the following statement upon the release of the U.S. Government Accountability Office’s (GAO) report on college debit cards: “The GAO’s report confirms campus-related products offered by depository institutions are better deals for students than non-campus-related accounts, especially...
  • February 7, 2014
    CFPB Takes First Step in Expanding HMDA Requirements On Friday, February 7, 2014, the CFPB announced its first step in the Home Mortgage Disclosure Act (HMDA) rulemaking process by convening a Small Business Review, or SBREFA, panel to solicit feedback from small lenders. This first step is required under the Small Business Regulatory Enforcement Fairness Act (SBREFA), and the Dodd-Frank Act...
  • January 24, 2014
    CFPB Seeks Advisory Board and Council Applications On January 15, 2014, the CFPB announced it is seeking applications for positions on its Consumer Advisory Board (CAB), the Credit Union Advisory Council (CUAC), and the Community Bank Advisory Council (CBAC). The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, required the establishment of CAB to advise and...
  • January 10, 2014
    Today - Early Bird Registration for CBA LIVE 2014 Early bird registration for CBA LIVE 2014 ends today , so register before 9:00 p.m. EST and save $300 on attending the premier conference event in retail banking. We are just a couple of short months away from CBA LIVE where we will hear from former Homeland Security Secretary Tom Ridge on current and emerging cyber threats, Chris Gardner on...
  • December 20, 2013
    Happy Holidays from CBA! From everyone at Team CBA, we wish you and your family a Merry Christmas and a Happy New Year! We hope you find some much deserved time to recharge and relax with your loved ones. 2013 has been a tremendous year of growth for CBA and it could not have been possible without the support of you – our members. The New Year will be both exciting and challenging with many...

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