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NCHER Presentation

September 13, 2012. NCHER Presentation. CLEARED FOR EXTERNAL USE BY RMR. Lender Data. Loan-Level Data Pooled administrative records for all education loans originated 2005-2011 Lenders and borrowers are de-identified but borrowers can be identified across loans within lender.

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NCHER Presentation

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  1. September 13, 2012 NCHER Presentation CLEARED FOR EXTERNAL USE BY RMR

  2. Lender Data • Loan-Level Data • Pooled administrative records for all education loans originated 2005-2011 • Lenders and borrowers are de-identified but borrowers can be identified across loans within lender. • 5,456,689 unique records and 3,478,146 distinct borrower-lender pairs • Portfolio Data • Loans originated and/or purchased by participating lenders, aggregated at the vintage level • Performance 2005-2011 for vintages 1999 through 2011 • Qualitative Responses • Responses are lender-deidentified within question • Current terms and conditions • Current and historic underwriting policies such as use of cohort default rate, deferral and forbearance policies, default management

  3. Sample Lender Originations and Outstandings

  4. Repayment in 2009 (Individuals Who Entered Postsecondary Education in 2003-2004)(BPS)

  5. Historical Origination Interest Rates (2005-2011)

  6. Q2 2005 Origination Interest Rate History

  7. Median Ratio of Loan Balance to Tuition and Fees

  8. CFPB Recommendations • School certification would lead to better choices • Consider whether bankruptcy law changes of 2005 produced desired objectives • Students and lenders would benefit from a comprehensive database of education debt • Students need better information about post-graduation outcomes • Fix TILA definitional glitches

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