CSPAN2 Key Capitol Hill Hearings August 1, 2014
Alternatives that are there. Senator crapo. The private sector markets are contracting. Im concerned that this reduces student bar options. Could you describe the current state of the private student loan market and how that compares to the market and made a claim why we are seeing this dynamic . Thank you very much for the question. We have gone from a 24 billion industry to about an 8 billion industry. And yet performance rating for many of her banks have exited Student Lending business. There are few others thinking about it. We have a 3 default rate. We flip the equation. We dont want to l...