Key to Saving the Student Loan Market? Hint: It's Not Banks

Witkowski, Rachel
May 2013
American Banker;5/14/2013, Vol. 178 Issue 74, p15
Trade Publication
The article discusses the student loan market and states the solution to systemic problems in this market should come from the U.S. government. The article notes the Consumer Financial Protection Bureau's (CFPB's) focus on forcing private student lenders to refinance student loan debt. It also notes some private student lenders like Sallie Mae have refinancing plans or debt consolidation programs already. The topic of the U.S. Department of Education's student loan default rate is mentioned.


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