Slide 1© Student Lending Analytics, LLC
ISFFA Annual ConferenceTrends in Financial Aid And Private Student Loans
December 7, 2009
This presentation does not constitute formal policy or legal advice and should not be relied upon as such.
Slide 2© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Agenda
How are schools thinking about their federal student loan program for 2010-11?
What are trends in federal student loan program?
What is current state of private student loan market?– How are schools addressing this shortfall in private student
loans?
How can financial aid staff inform and educate students and help them improve their financial literacy skills?
Slide 3© Student Lending Analytics, LLC
SLA Flash Survey: FFELP and DL TrendsCurrent Plans For 2010-11 (Overall)
5%
8%
26%
13%
5%
18%
24%
0.0% 10.0% 20.0% 30.0%
Other
Currently FFELP; Will Prepare For WhenRequired By Legislation
Currently FFELP; Preparing for DL; WouldRemain FFEL if Possible
Currently FFELP; Preparing for DL; Undecided
Currently FFELP; Committed Mid-year To DL
Currently FFELP; Committed To DL for 2010-11
We are and will remain a Direct Lending school
Percentage of Total Respondents
Survey question #1: Please select the choice which best describes your institution's current plans for the 2010-2011 academic year?
Slide 4© Student Lending Analytics, LLC
SLA Flash Survey: FFELP and DL TrendsActivities To Prepare for DL – Overall
5%
3%
18%
25%
28%
29%
29%
53%
56%
58%
59%
75%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
None
Consultants
Comm. Strategy
Mentor Relationship
Electronic Account
Team
Software Vendor
COD School Relations Center
Update PPA
FSA Conference
DL Website
DL Webinars
Percentage of Total Respondents
Survey question #2: CHECK ALL THAT APPLY. My institution (either myself or other staff members) has taken the following steps to prepare for Direct Lending should that become the platform for loan origination as well as servicing in 2010-11:
Slide 5© Student Lending Analytics, LLC
SLA Flash Survey: FFELP and DL Trends School Administration’s Interest In Direct
Lending
31%
37%
11%
6%
15%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
Strongly agree Agree Moderatelydisagree
Strongly disagree Not sure
Per
cent
age
of T
otal
Res
pond
ents
wit
h L
iter
acy
Pro
gram
Survey question: COMMENT ON THIS STATEMENT. The administration at my institution is interested in having a contingency plan prepared to implement Direct Lending by the proposed July 1, 2010 start date.
Slide 6© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Agenda
How are schools thinking about their federal student loan program for 2010-11?
What are trends in federal student loan program?
What is current state of private student loan market?– How are schools addressing this shortfall in private student
loans?
How can financial aid staff inform and educate students and help them improve their financial literacy skills?
Slide 7© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Trends in Federal Student Loans
Loan Type 2007-08(In Billions)
2008-09(In Billions)
Percent Change
Stafford - Subsidized
$29.5 $30.6 4%
Stafford - Unsubsidized
$28.5 $36.9 29%
PLUS $7.7 $7.4 -4%
GradPLUS $3.2 $3.9 24%
TOTAL $69.0 $78.8 14%
Source: SLA Analysis of Dept. of Education data on Data Center
Slide 8© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Private Student Loans Growth…And Decline
$0
$10,000
$20,000
$30,000
95-96
96-97
97-98
98-99
99-00
00-01
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
Tot
al S
tude
nt L
oans
(In
Mil
lion
s of
Con
stan
t 200
8 D
olla
rs)
Source: College Board: Trends in Student Aid
Slide 9© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
The Difference That Two Years Makes
2007 2009 (estimates)
Loan Volume $19 billion $10-$12 billion
Avg. Loan Margins LIBOR + 5% LIBOR + 9% to 9.5%
Min. FICO score 620 to 630 680 to 700
Cosigners 50-60% 80-90%
Quarterly Gross Defaults 0.7% 1.2%
Number of Lenders Multiple choices Limited choices
Sources: College Board data used for 2007 Loan Volumes and SLA estimates for 2009 Loan Volume estimates, reviewed securitization prospectus for Loan Margins, DBRS research for Quarterly Gross Defaults
Slide 10© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Private Loan Originations – Sallie Mae
0
500
1,000
1,500
2,000
2,500
3,000
1Q 2Q 3Q 4Q
Per
cen
tage
of
Tot
al
2006200720082009
Source: SLA analysis of Sallie Mae loan originations disclosed in public SEC filings
Slide 11© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Lender List Penetration Rates
4%
7%
8%
9%
21%
24%
28%
36%
65%
69%
72%
77%
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
Charter One
Regions Bank
Citizens Bank
Fifth Third Bank
PNC Bank
SunTrust Bank
US Bank
Discover
Citibank
Sallie Mae
Wells Fargo
Chase
Percentage of Total
Source: SLA Analysis of 425 private loan lender lists, August 2009. State alternative loan programs appeared 107 times on these lists.
Slide 12© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Interest Rate Ranges For Major Lenders
4.25% 4.25% 4.50% 4.28% 4.70%5.20% 5.13%
4.25%3.24%
11.00% 11.24% 11.50%11.03%
12.55% 12.20% 11.88%12.75%
13.24%
0.0%
5.0%
10.0%
15.0%
Discover WellsFargo
SunTrust PNCBank
Chase U.S. Bank Citibank SallieMae
Citizens
Cu
rren
t S
tart
ing
Inte
rest
Rat
e R
ange
s (I
nd
ex +
Mar
gin
)
Fees None None None 0% to 6% None None 0% to 6% 0% to 3% None
Source: SLA analysis of repayment examples on lender websites, November 2009
Slide 13© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
How Are State Alternative Loan Programs Different?
According to College Board, states originated almost $1 billion of private loan volume in 2008-09 or about 8% of non-federal loans
Usually apply to both residents of a given state, as well as students who attend college in a specific state
Apply early!– Complete bond offerings based on expected demand…but funds have
run out on occasion when credit markets were difficult– Bond offering documents may limit percentage of loans in portfolio that
can be deferred
Often have broad-banded pricing in which all approved applications get the same rate
Many provide differential interest rates based on repayment option selected
Slide 14© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Interest Rate Ranges For Variable-Rate State Programs
1.79%
3.90% 3.91%4.71%
7.00%
8.43%
2.79%
3.90% 3.91%
7.71%7.00%
8.43%
0.0%
5.0%
10.0%
15.0%
NorthDakota
Minnesota Texas Vermont NorthCarolina
Maine
Cu
rren
t S
tart
ing
Inte
rest
Rat
e R
ange
s (I
nd
ex +
Mar
gin
)
Fees 0 to 2% None None 0% to 5% None 0 to 4%
Source: SLA analysis of state alternative loan program websites, November 2009
Slide 15© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Interest Rate Ranges For Fixed-Rate State Programs
7.60%
6.00%6.80%
7.30%
8.75%7.92%
8.89%7.90%
8.49%
5.99% 6.00%6.80%
7.30% 7.55% 7.62% 7.75% 7.75% 7.76%
0.0%
5.0%
10.0%
15.0%
ND TX CT AK NY NJ MA IA RI
Cu
rren
t S
tart
ing
Inte
rest
Rat
e R
ange
s (I
nd
ex +
Mar
gin
)
Source: SLA analysis of state alternative loan program websites, November 2009
Fees 0-2% 3-5% 3% 5% 4-8% 2% 4% 0-4% 4%
Slide 16© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Repayment Options
Lender Deferred In-School Interest
In-School Principal & Int.
Citibank X X X
Chase X X X
Citizens X X X
Discover X X X
PNC X X X
Sallie Mae X X
SunTrust X X X
U.S. Bank X X X
Wells Fargo X X X
Slide 17© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Borrower Benefits
Lender EFT Discount Graduation Benefit
Cosigner Release (In Months)
Citibank 0.25% No 24
Chase 0.25% No 36
Citizens 0.50% No 36
Discover 0.25% 2% reward None
PNC 0.25% No 48
Sallie Mae 0.25% No Discretion of SLM
SunTrust 0.25% $300 48
U.S. Bank 0.50% No 36-48
Wells Fargo 0.25% 0.5% Rate Reduction
24
Slide 18© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Standard Loan Term
0 5 10 15 20 25
Wells Fargo
US Bank
Sallie Mae
Discover
Citizens Bank
Citibank
Chase
SunTrust Bank
PNC Bank
Loan TermNote: Sallie Mae repayment terms vary from 5 to 15 years depending on loan balance and year in school. PNC loan term is 20 years for loans under $40,000 Source: SLA review of lender websites, December 2009
Slide 19© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
What About Credit Unions?Credit Union Student Choice
– Network of over 80 credit unions nationwide– Variable-rate loans usually based on one-month LIBOR– Average funded rate of 6.0% with no origination fees– Structured as credit line– Loan limits up to $75,000– Requires membership in credit union to apply – Cosigner recommended
Individual credit unions in college towns often provide competitive student loans and transparent disclosures too
– University of Southern California Credit Union (3.3% to 6.8%)– University of Wisconsin Credit Union (4.0% to 9.5%)– University Credit Union serving University of Maine system (3.25% to 7.75%)
Do not assume credit unions ALWAYS offer better rates and terms
Slide 20© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Nascent Developments To Keep An Eye On
Source: SLA Analysis of 425 private loan lender lists, August 2009. State alternative loan programs appeared 107 times on these lists.
Student Loan Marketplace
Peer-to-Peer– Structural issues– Capital sources– Microloans from alumni
Borrower default aversion products– SafeStart for private loans
Using interest rates to nudge consumer behavior– State private loan programs
Slide 21© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Agenda
How are schools thinking about their federal student loan program for 2010-11?
What are trends in federal student loan program?
What is current state of private student loan market?– How are schools addressing this shortfall in private
student loans?
How can financial aid staff inform and educate students and help them improve their financial literacy skills?
Slide 22© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Strategies for Dealing with Private Loan Issues
Survey question: What are your current strategies to help students find private, nonfederal loans for the 2009-10 school year?Source: SLA Flash Survey: Private Student Loans, June 2009 (187 respondents)
16%
16%
50%
60%
73%
3%
15%
19%
51%
54%
78%
77%
73%
25%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Credit Unions
Multiple Lenders
Institutional Loans
State programs
Counseling
Tuition Repayment Plans
Co-signer
Parent PLUS
Jun-09
Aug-08
Slide 23© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Will Multiple Applications Harm Your Credit Score?
Research shows that students spend more time researching federal loan options than private student loan options
New policy from Fair Isaac (FICO score) on student loan shopping– “In general, student loan shopping inquiries made during a focused time period (for
example 30 days) will have little to no impact on your score.”
Advice from Fair Isaac on myfico.com site:– Doing a little homework first is always a good idea no matter what type of credit you're
seeking. – You can generally avoid having those inquiries affect your score if you finish your rate
shopping in a reasonable amount of time. – Then try to finish your rate shopping and finalize your loan within 30 days.– Not only will loan rates be easier to compare when the quotes come only a few days
apart, but you also will protect your FICO score.
SLA research found loan interest rates varied from 7% to 12% based on recent shopping of 6 major lenders
Slide 24© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
The Purchasing Decision
Decision makers: Parents of undergraduates
Federal funding options: Aware but confused
Rationale for choosing private loans: – Time constraints– Incomplete funding to cover all costs of education – Ineligibility for Federal aid
Sources for information about private loans: Rely heavily on schools
Importance of name recognition: Many chose based on this factor
Frequency of comparison shopping: Many went with the first loan offered to them
Source: Federal Reserve Consumer Research and Testing, 2009
Slide 25© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Prevalence of Private Loan Lender List
Survey question: Is your institution planning to provide students with a lender list for private loans for the 2009-10 school year?Source: SLA Flash Survey: Private Student Loans, June 2009 (187 respondents)
23%
4%
10%
10%
65%
54%
21%
34%
12%
42%
69%
56%
0% 10% 20% 30% 40% 50% 60% 70%
2-year public
4-year public
4-year private
Overall
Yes
No
Not Sure
Slide 26© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Lender Selection Process for 2009-10
Survey question: Please describe your institution's process for developing a lender list for private student loans.Source: SLA Flash Survey: Private Student Loans, June 2009 (187 respondents)
35%32%
12%
8%
14%
0%
10%
20%
30%
40%
Formal RFI Keep List from08-09
All Lenders Last3-5 Yrs
Informal Process OtherPer
cen
tage
of
Res
pon
den
ts W
ith
Len
der
Lis
t fo
r 20
09-1
0
Slide 27© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
What Is a “Preferred Lender Arrangement”?
Definition of preferred lender arrangement (from HEOA)– Preferred lender arrangement.--The term `preferred lender
arrangement'-- (A) means an arrangement or agreement between a lender and a covered institution or an institution- affiliated organization of such covered institution
• (i) under which a lender provides or otherwise issues education loans to the students attending such covered institution or the families of such students; and
• (ii) that relates to such covered institution or such institution-affiliated organization recommending, promoting, or endorsing the education loan products of the lender;
NPRM: Lender list that does not have all lenders who lend to students at schools IS A “preferred lender arrangement”
Slide 28© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Paradox of Choice
"The first effect is with all these options to choose from, people end up choosing none. They simply pass."
"Second effect is that if people overcome this indecision and paralysis and choose, they may choose badly."
"The third thing, which is in some ways the most surprising, is if you overcome paralysis and manage to choose, and you manage to choose well, you’ll be less satisfied with what you’ve chosen if you’ve chosen from a large set than if you’ve chosen from a small one."
Source: Interview with Barry Schwartz, author of Paradox of Choice
Slide 29© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Requirements If You Have A PLADisclosures on preferred lender list– Boilerplate language – Model disclosure forms with details on loans, provided by lenders– Description of process
Process – Describe method and criteria for lender selection process– Identify reasons for selecting each lender
Delivery of information to students/families– Timing– Placement of information
Administrative– File Annual Report– Develop a Code of Conduct– Update Program Participation Agreement
Slide 30© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Agenda
How are schools thinking about their federal student loan program for 2010-11?
What are trends in federal student loan program?
What is current state of private student loan market?– How are schools addressing this shortfall in private student
loans?
How can financial aid staff inform and educate students and help them improve their financial literacy skills?
Slide 31© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Exhibit A: Need For Financial Literacy Programs
Source: Sallie Mae/Gallup survey on How America Pays For College, 2009. Note: 27% of survey respondents could not answer the question.
Slide 32© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Exhibit B: Private Loan Borrowers And Federal Aid
Source: Project on Student Debt analysis of NPSAS data, August 2009
25%38%
11%
12%11%
14%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
2003-04 2007-08
Per
cen
tage
of
Stu
den
ts T
akin
g O
ut
Pri
vate
Loa
ns
Did Not Apply For Federal Aid
Completed FAFSA, No Stafford
Borrowed Less Than Maximum
48%
64%
Slide 33© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Definitions
“The process by which people improve their understanding of financial products, services and concepts, so they are empowered to make informed choices, avoid pitfalls, know where to go for help and take other actions to improve their present and long-term financial well-being.”
OECD, “Improving Financial Literacy: Analysis of Issues and Policies”
Slide 34© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Financial Literacy Scores Have Fallen Over 10 Year Period
57%
48%
52%52%52%50%
0%10%20%30%40%50%60%70%80%90%
100%
1997 2000 2002 2004 2006 2008
Ave
rage
Per
cen
tage
of
Qu
esti
ons
An
swer
ed C
orre
ctly
Source: JumpStart Coalition Biennial Test of Personal Financial Literacy given to high-school seniors.
Notes: From 2007 Press Release: “The 1997 survey results provide a baseline measurement by which to gauge progress toward the coalition's goal of financial competency among all 12th graders by the year 2007. “
Slide 35© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Student Debt Growing By 8.4% Annually
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
90-91
91-92
92-93
93-94
94-95
95-96
96-97
97-98
98-99
99-00
00-01
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
Tot
al S
tude
nt L
oans
(In
Mil
lion
s of
Con
stan
t 200
8 D
olla
rs)
Source: College Board: Trends in Student Aid
Federal Loans
Private Loans
Slide 36© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Defaulted Student Loan Portfolio Balance
$31.0$32.9 $33.6
$39.1
$45.6
0.0
10.0
20.0
30.0
40.0
50.0
2005 2006 2007 2008 2009
Def
ault
ed F
eder
al S
tud
ent
Loa
n P
ortf
olio
(i
n b
illio
ns
of d
olla
rs)
Source: SLA Analysis of FSA Collections Report, August 2009
Annual Growth: 6.2% 1.9% 16.5% 16.7%
Slide 37© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Prevalence of Programs
43%48%
42%
28%
0%
10%
20%
30%
40%
50%
60%
Overall 4-year public 4-year private 2-year public
Per
cen
tage
of
Tot
al R
esp
ond
ents
Survey question #1: Does your institution currently offer a financial literacy program beyond standard entrance and exit loan counseling to your students?
Slide 38© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Financial Literacy Topics
94%86% 86%
73% 72%
52%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Budgeting LoanRepayment
Credit Cards Credit Report Privacy Scholarships
Per
cen
tage
of
Tot
al R
esp
ond
ents
wit
h L
iter
acy
Pro
gram
Survey question #9: What are the topic(s) covered by your financial literacy training? Please select ALL that apply.
Slide 39© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Program Delivery
79%
53%46%
39%
16%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
In-person groupworkshops
Reference pageon financial aid
website
Handoutsavailable upon
request
On-line tutorials Other
Per
cent
age
of T
otal
Res
pond
ents
wit
h L
iter
acy
Pro
gram
Survey question #6: How does your institution administer the financial literacy program?
Slide 40© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Self-Evaluation
9%
27%
40%
22%
2%
0%
10%
20%
30%
40%
50%
Excellent Very Good Good Fair Poor
Per
cent
age
of T
otal
Res
pond
ents
wit
h L
iter
acy
Pro
gram
Survey question #12: How would you rate the current financial literacy program at your institution?
Slide 41© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Popular Financial Literacy Programs
3
4
4
4
4
6
6
6
8
9
15
0 5 10 15 20
Access Group
Texas Tech
TG
Great Lakes
Dept. of Ed.
USA Funds
NSLP
EdFund
Lenders - Gen.
Guarantors - Gen.
CashCourse
Survey question: What source(s) would you recommend for a financial aid administrator interested in developing a financial literacy program for his/her institution?
Slide 42© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Entrance Counseling for Private Loans
Take out federal loans before ever considering these “last resort” loans
– Generally higher interest rates and less repayment flexibility than federal loans– Based on SLA research, the average private loan interest rate is 10%-11%
Cosigners almost always required
Know your interest rate before signing anything– Index (Prime or LIBOR) + Margin
Know that your interest rate will go up– Since 1990, 1 month LIBOR has ranged from 0.3% (current) to 9.125% (11/90)– “Tyranny of calculators”
Shop around!– SLA research in April 2009 found that for the same student and cosigner pairing
interest rates varied from 7% to 12%
Slide 43© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Entrance Counseling for Private Loans
Study the details in the promissory note– Can the lender increase your interest rate if you are late with one payment?– How many days after the due date is a payment considered late?– What fees does the lender charge beyond the origination/repayment fee?– How frequently will your interest rate change? Monthly payment change?
Borrowers have option to cancel the loan
If you can pay interest only during while you are in school, DO IT!– It can save you thousands of dollars in loan repayment
Expand your alternatives by considering credit unions or state-run alternative loan programs
DO NOT take out a private loan if you can avoid it!
Slide 44© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Exit Counseling for Private Student LoansCongratulations on your upcoming graduation…now it is time to repay your student loans!
These loans will not go away if you don’t pay them– May not be dischargeable in bankruptcy– Stay with you even in death
Once you have settled down to your new address, notify your lender so coupon books/statements will reach you
Find your original paperwork, including your promissory note and Disclosure Statement – Contact lender if you can’t find it
Be pro-active with the borrower benefits that you were promised
Confirm the date that your first payment will be due– Typically have 6 month grace period after graduation
Slide 45© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Exit Counseling for Private Student LoansDo not be surprised that your current loan balance is higher than the amount of your original loan
If you are concerned about your ability to make payments on your loans, contact the lender immediately to discuss your options– Forbearance allows you to postpone payments
Your monthly payment will typically be adjusted quarterly or annually by the lender– Expect that interest rates and therefore your monthly payment will increase
as the economy improves
Set up your monthly student loan payment on auto-pay– Earn a reduction in interest rates from 0.25% to 0.50%– Eliminate potential for late fees, which can run as high as $30
If you are ready to pay down some extra principal, contact the lender in case you need to make any special notation on the payment
Slide 46© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Questions
?????
Slide 47© Student Lending Analytics, LLC
Student Lending AnalyticsContact Information
Tim Ranzetta
Student Lending Analytics LLC
650-218-8408
www.studentlendinganalytics.com
Slide 48© Student Lending Analytics, LLC
Trends in Financial Aid And Private Student Loans
Student Lending Analytics: Resources Available
SLA Private Student Loan Ratings
2009 SLA Private Loan Series – Ten part series on topics ranging from finding a cosigner to reading the
promissory note
Student Lending Analytics Blog– Timely, insightful information about the student loan market
Private Loan Insight Survey
Student Satisfaction Surveys