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Data lacking on private student loans


With student debt rising to a projected $1 trillion and concerns rising in the Occupy Wall Street movement and beyond about the bursting of the student loan bubble, the new federal consumer protection agency has set a Tuesday deadline for the public to send in data and stories about the rapidly expanding private student loan market—loans students are getting from banks and, increasingly, by for-profit universities such as Corinthian Colleges and DeVry University.

“The private student loan market is one of the least understood credit markets,” wrote Rick Hackett, a staffer for the  Consumer Financial Protection Bureau (CFPB) in ...

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