Private Student Loans: Fact & Trends. Updated
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| Title: | Private Student Loans: Fact & Trends. Updated |
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| Language: | English |
| Authors: | Ellie Bruecker, The Institute for College Access & Success (TICAS) |
| Source: | Institute for College Access & Success. 2025. |
| Availability: | Institute for College Access & Success. 405 14th Street 11th Floor, Oakland, CA 94612. Tel: 5110-559-9509; Fax: 510-845-4112; e-mail: admin@ticas.org; Web site: http://www.ticas.org |
| Peer Reviewed: | N |
| Page Count: | 2 |
| Publication Date: | 2025 |
| Document Type: | Reports - Descriptive |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Private Financial Support, Student Loan Programs, Student Financial Aid, Higher Education, Educational Trends, Risk, Income Contingent Loans, Loan Repayment, Undergraduate Students |
| Abstract: | Private loans are one of the riskiest ways to finance a college education. Like credit cards, these bank- and lender-originated loans typically have variable interest rates, and these rates are often higher for those who can least afford them. Private loans are not eligible for critical protections and supports that are afforded to federal student loan borrowers, like income-based repayment or loan forgiveness options. The facts and figures presented in this brief report reflect the most recent data available about undergraduate private loan borrowing and the evolving private loan market. The figures represent borrowing in one academic year (2019-20), unless otherwise noted. |
| Abstractor: | ERIC |
| Entry Date: | 2025 |
| Accession Number: | ED675693 |
| Database: | ERIC |
| Abstract: | Private loans are one of the riskiest ways to finance a college education. Like credit cards, these bank- and lender-originated loans typically have variable interest rates, and these rates are often higher for those who can least afford them. Private loans are not eligible for critical protections and supports that are afforded to federal student loan borrowers, like income-based repayment or loan forgiveness options. The facts and figures presented in this brief report reflect the most recent data available about undergraduate private loan borrowing and the evolving private loan market. The figures represent borrowing in one academic year (2019-20), unless otherwise noted. |
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