Private Student Loan Delinquency Rates are the Lowest Since Before 2008

December 21, 2015
Jean Marie Bunton

 

For Immediate Release:

December 21, 2015

 

Contacts: Jeannie Bunton; Bobby Grant

Phone: (202)-552-6370; (631)-565-9678

 

 

 

Private Student Loan Delinquency Rates are the Lowest Since Before 2008

 

Washington, D.C. (December 21, 2015) – Steve Zeisel, Executive Vice President and General Counsel of the Consumer Bankers Association, issued the following statement after MeasureOne released “Q3 2105 Private Student Loan Report.” The report updates a previously released comprehensive study of the private student loan market, and reveals continued positive performance trends. 

“Today’s report by MeasureOne shows the private student loan market, though small, continues to operate efficiently and successfully for consumers and lenders. Strong underwriting standards and flexible repayment plans are leading to declining delinquencies and high repayment rates.  CBA member banks are proud to partner with students in achieving the goal of higher education.”

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.

###