Positive Signal for Private Student Loans: A LendKey Bellwether Report
Published on August 1, 2016
A free report from CUNA Strategic Services and LendKey.
Financial education and good credit habits—when established early on—not only benefit borrowers themselves, but the lending institutions they borrow from. The latest findings in this report point to growing trends of better habits through shared responsibility, that ultimately lead to successful outcomes for lenders and the student borrowers they serve.
- The private student loan portfolio of LendKey clients consists of over $439 million in loan originations and a current portfolio balance of $360 million.
- Over 90% of the loans have been originated with a cosigner and nearly 40% of the portfolio represent students who are out of school and have entered full repayment.
- Over the last 7 years, optimized underwriting and cosigner standards have led to falling default rates and improved portfolio performance.
- Serial borrowers, which are those whom return for financing of an additional academic year, typically account for approximately 40% of student loan volume annually.
For more information, contact Brenda Halverson, CUNA Strategic Services alliance manager, at 800-356-9655, ext. 4110 or email@example.com or firstname.lastname@example.org.
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