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Private Student Loans Continue to See Strong Performance
Washington, D.C. (July 11, 2016) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), today released the following statement after MeasureOne released their “Q1 2106 Private Student Loan Report.” The report updates a previously released comprehensive study of the private student loan market and reveals continued positive performance trends.
“The private student loan market, though just a tiny fraction of overall student lending, continues to serve students and their families well. Strong underwriting standards and flexible repayment plans continue to drive declining delinquencies and high repayment rates, according to MeasureOne’s latest report. CBA member banks are proud to partner with students in achieving the goal of higher education.”
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.