CBA Launches PrivateStudentLoanFacts.com

Website Tells the Story of the Private Student Loan Market

Washington, D.C. (September 8, 2014) – The Consumer Bankers Association (CBA) today launched PrivateStudentLoanFacts.com, to help tell the story of the success of the private student loan market. The microsite provides useful statistics and data on private student loan performance, as well as a myth vs. fact section. Finally, there are links to CBA’s member banks which provide private student loans to help borrowers and their families navigate the financial aid process.

“The private student loan market is a small but integral part of how some students meet their education financing needs. With an incredibly low default rate of less than 3%, private student loans far out perform federal loans. CBA members are proud of their role in helping students and their families live their American dream,” said CBA’s president & CEO Richard Hunt.

About CBA
The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail banking - banking services geared toward consumers and small businesses. The nation's largest financial institutions, as well as many regional banks, are CBA corporate members, collectively holding two-thirds of the industry's total assets. CBA’s mission is to preserve and promote the retail banking industry as it strives to fulfill the financial needs of the American consumer and small business.

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The Consumer Bankers Association is the recognized voice on retail banking issues in the nation’s capital. Founded in 1919, CBA provides leadership, education, research and federal representation on retail banking issues. For more information, please contact Tom Crosson, tcrosson@consumerbankers.com, (703) 869-1246 or visit www.consumerbankers.com.