Private student lenders face many challenges. What will it take to be successful in the re-emerging private student lending market place?
Despite the rising tuition costs over the past 10 years, the demand for a college education has also risen steadily over the same period. Rising costs combined with rising demand has resulted in a shortfall in the availability of higher education funding that will continue to prevent millions of students pursuing a post-secondary education. In this paper, we discuss some of the challenges faced by private student lenders and what it will take to be successful in the re-emerging private student lending market place.