He notes that Sallie Mae is the leader in
the private student loan industry and has a long history in dealing with both federal and private student loans.
Instead,
the private student loan industry has stepped up to make student loans manageable and help bring an end to the debt crisis.
It's hard to imagine
the private student loan industry shrinking much further than it has.
Wells Fargo's collegiate loan program is a staple in
the private student loan industry and we expect them to continue their success for years to come!
Looking at
the private student loan industry under this potential precedent, student loan borrowers could be faced with higher interest rates, costing them more money in the end and raising the cost of education down the road.
This is big news for
the private student loan industry, as it has notoriously lacked the kind of modification options available to borrowers through federal student loan programs.
All of these interest rate hikes from
the private student loan industry come on the heels of the Federal Reserve raising interest rates on new federal student loans.
This is actually one of the largest autopay discounts in
the private student loan industry.
This latest deal with MetaBank helps further solidify ReliaMax's role as a leader in
the private student loans industry.
Many of these issues have already directly affected
the private student loan industry due to considerable drops in the number of private lenders; in fact, College Ave is one of the first new lenders to be founded in a while.
ReliaMax is unique because it is a student loan servicing platform that was built solely for
the private student loan industry.
For ReliaMax, focusing in on
the private student loan industry is certainly a savvy business decision as private student loans continue to become more and more popular.
As the cost of higher education continues to balloon in the U.S.,
the private student loan industry is growing in originations and in size.
I rarely feel comfortable using growth rates of 25 % or 30 % for projections, but
the private student loan industry is and has been growing at these rates as the gap between government loans and cost of education (inflation) widens every year, and First Marblehead has grown at several times the growth of the industry in the past.
Over the years, this has formulated into
the private student loan industry, which has remained profitable over the years.
Citizens Bank has emerged as a leader in
the private student loan industry.