During the quarter, Navient said the Federally Guaranteed
Student Loans segment saw a 4.2 percent decline year - over-year - hurt largely by reduced net interest due to amortization of the portfolio.
Not exact matches
The company's Community Banking
segment offers checking and savings accounts; credit and debit cards; and automobile,
student, mortgage, home equity, and small business
loans.
Other income for the Direct Banking
segment decreased $ 21 million from last year's second quarter as a result of lower late fees, lower transition services revenue related to the
Student Loan Corporation and a decline in protection products revenue.
The Asset Generation & Management
segment includes the acquisition and management of the company's
student loan assets.
It operates through the following
segments:
Student Loan & Guaranty Servicing, Tuition Payment Processing & Campus Commerce, and Asset Generation & Management.
Student loan debt doesn't saddle all
segments of the population.
Increased
student loan debt combined with a lagging job market has created a
segment of the population that is struggling to keep up with their monthly
loan repayments.
Wages are down, growing less than a percentage point per quarter, down payments of 5 - 20 percent with traditional
loans are an impediment to buyers and
student loan debt is preventing a massive
segment of young adults from buying.
Student loan growth is significantly higher than other
segments of consumer credit.
The Consumer Financial Protection Bureau says while there are more young borrowers than older ones, those over the age of 60 make up the fastest growing
segment of
student loan borrowers, and that the number of older borrowers with this type of debt has quadrupled over the last decade.
In addition to a full range of financial services provided to small business customers, this business
segment offers a variety of consumer products, including deposit accounts, installment
loans, credit cards,
student loans, home equity lines of credit and residential mortgage
loans.
The CFPB estimates that older consumers owed an eye opening $ 66.7 billion in
student loans in 2015 alone, becoming the fastest growing
segment of the
student loan market.
The CFPB estimates older consumers owed an eye opening $ 66.7 billion in
student loans in 2015 alone, becoming the fastest growing
segment of the
student loan market.
Anyway, I was listening to a recent
segment on a growing
segment of
student loans that is becoming more worrisome.
Because I think there is a
segment of the population that doesn't take mortgage and
student loan debt seriously enough.
The trustees preferred to cover up their mistakes by putting the entire burden on one
segment of the stakeholders, the
students, who would end up with
student loan debt, because
students do not have upwards of $ 80K on hand (nor do all of their parents).
«One of the many reasons housing supply has been subdued in recent years may be because a
segment of homeowners have decided to delay trading up or moving down in order to pay down their debt, including from
student loans.»
This
segment of the population is graduating from college with an unhealthy amount of
student loans that's impeding their ability to buy their first homes, so they tend to rent for a longer period of time.
The panel participants agreed that in addition to affordability concerns, inventory shortages and lifestyle factors such as marrying later in life and having to repay
student loan debt are burdening a
segment of creditworthy buyers by making it more difficult to save for a down payment.