Thank you for sharing!

Your article was successfully shared with the contacts you provided.

“Whether or not that happens will depend on a number of factors, including what changes are made to the federal loan system and market and economic conditions,” says Research Associate Courtney McSwain. “Private loans certainly are growing, and students are using private loans more, especially students pursuing professional degrees.”

Some number-crunching reveals nearly a quarter of all students pursuing a professional degree have taken out a private loan, compared with 5% of all undergraduates and graduates. More than three-quarters of private loan borrowers also receive federal aid available through the Stafford loan program. “When we look at the overall pool of students taking out [private] loans, the majority of those students are undergraduates because the majority of the student population is undergraduate,” McSwain says.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.