Mid-year Snapshot of Private Student Loan Complaints

August 05, 2013

Earlier this year, the Consumer Financial Protection Bureaus projected that outstanding student debt is approaching $1.2 trillion, including approximately $165 billion in outstanding private student loan debt.

While private student loans have a small share of the total outstanding student debt, they are an important part of the market given their disproportionate use by high-debt borrowers.

The CFPB published the first Annual Report of the CFPB Student Loan Ombudsman in October 2012 as well as a report focused on specific problems experienced by servicemembers with student loans.
Read full article here.