TITLE

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

AUTHOR(S)
Witkowski, Rachel
PUB. DATE
May 2013
SOURCE
American Banker;5/14/2013, Vol. 178 Issue 74, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
87603827

 

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