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Who Borrows Private Loans?

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Who Borrows Private Loans?

August 01, 2007

​This issue brief answers the following key questions about private student loan borrowers:
• What types of academic programs and institutions do private student loan borrowers
attend?
• What is the demographic profile of undergraduate private student loan borrowers and
how do these students differ from those who don’t use these loans?
• What other types of financial aid—especially federal student loans—do private
borrowers receive?
• What share of students forgo federal student loans and rely exclusively on private loans?

• What factors might help explain this behavior?

 

 

More on Student Loans and Debt

  • July 20, 2012

    FRIDAY BUZZ: Government Report Details Private Student Loan Debt Risk

    The Education Department and the federal Consumer Financial Protection Bureau (CFPB) this morning released a report finding that private student loans, which make up $150 billion of the more than $1 trillion in outstanding student loan debt, are much riskier than federal student loans for both the student and the co-signer. The report, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, gives an overview of the private student loan market and makes recommendations for reform.

  • July 20, 2012

    FRIDAY BUZZ: Government Report Details Private Student Loan Debt Risk

    The Education Department and the federal Consumer Financial Protection Bureau (CFPB) released a report finding that private student loans, which make up $150 billion of the more than $1 trillion in outstanding student loan debt, are much riskier than federal student loans for both the student and the co-signer. The report, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, gives an overview of the private student loan market and makes recommendations for reform.

  • June 08, 2011

    WEDNESDAY BUZZ: Senate Committee Hearing Looks at For-Profit Student Debt

    The Senate Health, Labor, Education and Pensions Committee held its fifth hearing yesterday on the for-profit education sector, this time focusing on student debt loads and the new “gainful employment” rule intended to ensure students in career programs will earn enough money to repay their loans.