Delinquency Rates and Charge Offs Down; Originations Up
Research in this report reflects data as of Q3 2016 for private student loans and does not include federal student loan data. Private student loans, which are credit-based loans underwritten by lenders, make up roughly 7.5 percent – approximately $102 billion – of total student loans outstanding. The remaining 92.5 percent of the $1.4 trillion in total student loans are federal loans.
Private Student Loan Data Highlights as of Q3 2016
The full MeasureOne Private Student Loan Report is available at
The private student loan market continues to demonstrate its ability to grow steadily while maintaining strong loan performance,” said Dan Feshbach, CEO for MeasureOne. “College remains an important goal for most families, and the ability to bridge the financial gap when financing college is key. That’s when families turn to private student loans, and according to our data, they are doing so responsibly and paying on time. Lenders have been diligent in helping to ensure students are set up to succeed in repayment which bodes well for continued growth in the industry,” he said.
The data in the report is sourced from the MeasureOne Private Student Loan Consortium, a data cooperative of lenders and holders of private student loans. Members include the six largest student loan lenders and holders – Citizens Bank, N.A., Discover Bank, Navient, PNC Bank, N.A., Sallie Mae Bank and Wells Fargo Bank, N.A. In aggregate, the members of the consortium represent approximately 65 percent of all private student loans outstanding in the U.S.
MeasureOne, founded in San Francisco with offices in Dallas, TX, specializes in data and analytics serving the $1.4 trillion-dollar student loan market, the second largest form of consumer credit in the U.S. The company developed the first and only Private Student Loan Consortium, a data cooperative of the nation’s largest lenders and holders of private student loans. MeasureOne is applying data science and industry expertise in order to increase understanding of student lending, risk assessment, repayment, capital market investments and public policy development. For more information about MeasureOne, visit www.measureone.com.
News Media Contact: