Defaulted Student Loans Collections Market at $974 Million According
to Kaulkin Media Study
ROCKVILLE, Md. (Business Wire EON/PRWEB ) March 17, 2008 --
With the Department of Education’s portfolio
of defaulted student loans now standing at $40 billion, student loan
collections represents a large and growing sector of the debt collection
/ accounts receivable management industry (ARM). Kaulkin Media announced
today the release of its newest market report, Student
Loan Collections Market: Stability & Profitability for the Right Players,
which sizes the student loan collections market at $974 million annually.
This original market research was conducted to provide a thorough
understanding of the student loan collections landscape and the drivers
of this unique sector of the industry. The report covers such areas as
market size, growth rate, recovery ratios, average fees, major players,
and the characteristics of this market that present unique challenges
and risks.
“A combination of factors has made the
increased use of private collection agencies to rehabilitate and collect
defaulted student loans an increasingly critical strategy for the
federal government,” said Dimitri Michaud,
Kaulkin Media Consumer Finance Analyst. “Given
the sheer number of defaulted student loans, the need for private agency
cooperation in student loan collections will only continue to grow.”
Student Loan Collection Market: Stability & Profitability for the
Right Players is available through Kaulkin Media’s
online library. For more information please visit www.insidearm.com/go/student-loan-market.
For more information about Consumer Finance ARM and related debt
collection research available through Kaulkin Media, contact Dimitri
Michaud, Analyst, at 240-499-3840 or by email.
About Kaulkin Media
Kaulkin Media is the worldwide leader in providing news and information
on the recovery of debt in all industries. We put the news in
perspective, provide unique insight into challenges that face the
accounts receivable management (ARM) industry, and facilitate
collaboration among peer executives. Publications include www.insideARM.com™,
www.jobsinsideARM.com, The
ARM Insider™, Inside Card & Creditor
Receivables, and other monthly e-newsletters. Kaulkin Media’s
analyst group conducts sector-specific research that provides a level of
authority and in-depth analysis not found anywhere else.
See the original story at: http://eon.businesswire.com/releases/kaulkin/student/prweb779964.htm
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