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--Study shows private student loans performing significantly better than federal loans and continuing to show positive performance trends--
SAN FRANCISCO, Dec. 19, 2013 /PRNewswire/ -- MeasureOne, a specialized data company focused exclusively on student loan data, today released a comprehensive study of the private student loan market, revealing a smaller private sector student loan market and positive performance trends.
The Private Student Loan Report - 2013 analyzed loan data from the nation's seven largest active private student lenders, a group that accounts for a significant percentage of all private student loans outstanding. The group includes: Discover Bank; The First Marblehead Corporation; PNC Bank, N.A.; RBS Citizens, N.A.; Sallie Mae; SunTrust Banks, Inc.; and Wells Fargo Bank, N.A. The Report shows that private student loans, which involve credit-based underwriting, a documented ability to repay, and a high percentage of cosigners, perform significantly better than federal loans and continue to show positive performance trends in terms of repayment, delinquencies and charge-offs. The Report also indicates that the size and, therefore, the potential impact of the private loan market on overall student loan indebtedness is dwarfed by existing government programs.
Among the Report's conclusions:
"The rapid growth of the student loan market has been the focus of a great deal of media, political and regulatory attention," said Dan Feshbach, MeasureOne founder and chief executive officer. "This report represents an important advancement in our understanding of the private loan segment of the market and the data shows the improving credit quality and repayment performance of the private student loans of the seven largest active lenders."
The full Private Student Loan Report - 2013 is available for download from the company's website at www.measureone.com.
MeasureOne, San Francisco, collects, analyzes, and distributes student loan data to provide insight into the nation's $1.1 trillion student loan debt. The company developed the nation's largest private student loan data cooperative of contributed loan data from the seven largest private lenders, and the industry's only standardized database of more than 365 securitizations. The company was founded by Dan Feshbach, who created the mortgage industry's largest cooperative databases, the LoanPerformance databases, which are now part of Corelogic, Inc. For more information about MeasureOne, visit www.measureone.com.
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