« Direct Lending Market Share Rises To 42% In Most Recent Quarter | Main | Sallie Mae's Private Student Loan Originations Fall 57% in Quarter; Charge-Offs Continue Rise »

October 20, 2009


Feed You can follow this conversation by subscribing to the comment feed for this post.

Eddie Meboy

This type of “fluff” press release really irritates me. Not so much because they are obvious commercials for USA funds but because they are iceberg press releases, only showing a part of the whole. The number represents their entire portfolio not just those that recently entered repayment and fails to acknowledge the elephant in the room, the fact that 1.5 million USA Funds borrowers are having repayment problems. I agree that data showing how many made payments to get up to date vs. how many used alternative methods would shed some light on the issue but I doubt you will see that information in the fluff that USA provides. Another piece of information easily discernable but not reported is the fact that, using USA Funds numbers, over 110000 accounts defaulted in the last year. A deplorable statistic evidencing the struggle that student loan borrower’s are facing. I’m still waiting on the press release for that one.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)


SLA Private Student Loan Ratings

  • SLA :: Ratings
    Trusted source for independent, objective and timely information about private student loans

Paying For College Blog

  • Paying for College Blog
    Site for parents and students looking for independent and objective information about financing a college education

Want to receive daily SLA Blog updates via e-mail?

Enter your email address:

Delivered by FeedBurner

SLA Search Engine

Terms and Conditions