The global student loan industry is estimated to reach $8.75 trillion by 2031

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DUBLIN, 7 November 2022 (GLOBE NEWSWIRE) — “Student Loan Market by Type, Repayment Plan, Age Group and End User: Global Opportunity Analysis and Industry Forecast, 2021-2031” report added of ResearchAndMarkets.com Recruitment.

According to the report, the student loan market will be valued at $3,933.18 billion in 2021 and is estimated to reach $8.75075 trillion by 2031, an 8.7% growth from 2022 to 2031. growing at a CAGR of

A student loan is a specific type of loan made to help students cover their post-secondary education costs and related expenses such as tuition, books, equipment, and living expenses. The interest rate is significantly lower than other loans, and repayment can be deferred while in school, which sets it apart from other loans. The strict regulations governing bankruptcy and renegotiation vary widely from country to country.

Parents find it difficult to invest in their children’s education because of rising school costs, rising course prices, and high fees demanded by educational institutions. Growing demand for additional courses is also driving the growth of the market. These factors have contributed significantly to the growth of the global student loan market.

However, high repayment prices of student loans and the impact of defaults on credit scores are some of the factors hampering the growth of the market. On the contrary, increasing demand for student loans to pursue additional courses is expected to boost market growth in the future. Moreover, surge in institution fees for specialized courses is expected to provide lucrative opportunities for market growth in the coming years.

The student loan market is segmented into type, repayment plan, age group, end user, and region. By type, the market is differentiated into federal/government loans and private loans. Federal/Government Loans are further divided into Federal/Government Parent Student Loans and Federal/Government Graduate Loans. Federal/Government loans are further classified into directly subsidized loans and non-directly subsidized loans.

Depending on the repayment plan, it is subdivided into standard repayment plan, tiered repayment plan, income-based repayment (REPAYE), income-based (IBR), etc. Based on age groups, it is categorized from 24 and under, 25, he is 34, and 35 and over. End users surveyed include graduate students, high school students, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Student loan market analysis includes Ascent Funding, LLC, Avanse Financial Services Ltd., Citizens Financial Group, Inc., Carvana, Chegg Inc., Earnest LLC, Edfinancial Services, LLC, Eduvanz Financing Private Limited, and others active in the market. Includes top companies with , Google, Laurelroad, LendKey Technologies, Inc., MPOWER Financing, Prodigy Finance Limited, Quotanda, Social Finance, Inc., Wells Fargo, and ZeeFi Pty Ltd. and strengthen its position in the market.student loan industry

Main advantage

  • This report provides a quantitative analysis of market segments, current trends, estimates, and dynamics for student loan market analysis from 2021 to 2031, identifying common student loan market opportunities.

  • Market research is provided with information related to key drivers, restraints, and opportunities.

  • Porter’s five forces analysis highlights the potential of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen supplier-buyer networks.

  • A detailed analysis of the student loan market segmentation helps to determine common market opportunities.

  • Major countries in each region are mapped according to their revenue contribution to the global market.

  • Market participant positioning facilitates benchmarking and provides a clear understanding of the current position of market participants.

  • This report includes an analysis of regional and global student loan market trends, key players, market segments, application areas, and market growth strategies.

Main topics:

Chapter 1; Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview
3.1. Market definition and scope
3.2. Main Findings
3.2.1. Top investment pocket
3.3. Porter’s Five Forces Analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1.Driver
3.5.2. Constraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on Market

Chapter 4: Student Loan Market by Type
4.1 Overview
4.1.1 Market size and forecast
4.2 Federal/Government Loans
4.2.1 Key Market Trends, Growth Drivers and Opportunities
4.2.2 Market Size and Forecast by Region
4.2.3 Market Analysis by Country
4.3 Private loan
4.3.1 Key Market Trends, Growth Drivers and Opportunities
4.3.2 Market Size and Forecast by Region
4.3.3 Market Analysis by Country

Chapter 5: Student Loan Market by Repayment Plan
5.1 Overview
5.1.1 Market size and forecast
5.2 Standard Repayment Plan
5.2.1 Key Market Trends, Growth Factors and Opportunities
5.2.2 Market Size and Forecast by Region
5.2.3 Market Analysis by Country
5.3 Phased Repayment Plan
5.3.1 Key Market Trends, Growth Factors and Opportunities
5.3.2 Market Size and Forecast by Region
5.3.3 Market Analysis by Country
5.4 Revisions to Pay As You Earn (REPAYE)
5.4.1 Key Market Trends, Growth Drivers and Opportunities
5.4.2 Market Size and Forecast by Region
5.4.3 Market Analysis by Country
5.5 Income Based (IBR)
5.5.1 Key Market Trends, Growth Factors and Opportunities
5.5.2 Market Size and Forecast by Region
5.5.3 Market Analysis by Country
5.6 Miscellaneous
5.6.1 Key Market Trends, Growth Factors and Opportunities
5.6.2 Market Size and Forecast by Region
5.6.3 Market Analysis by Country

Chapter 6: Student Loan Market by Age Group
6.1 Overview
6.1.1 Market size and forecast
6.2 Under 24
6.2.1 Key Market Trends, Growth Factors and Opportunities
6.2.2 Market Size and Forecast by Region
6.2.3 Market Analysis by Country
6.3 25-34
6.3.1 Key Market Trends, Growth Factors and Opportunities
6.3.2 Market Size and Forecast by Region
6.3.3 Market Analysis by Country
6.4 35 or more
6.4.1 Key Market Trends, Growth Factors and Opportunities
6.4.2 Market Size and Forecast by Region
6.4.3 Market Analysis by Country

Chapter 7: Student Loan Market, By End User
7.1 Overview
7.1.1 Market size and forecast
7.2 Graduate students
7.2.1 Key Market Trends, Growth Drivers and Opportunities
7.2.2 Market Size and Forecast by Region
7.2.3 Market Analysis by Country
7.3 High school students
7.3.1 Key Market Trends, Growth Drivers and Opportunities
7.3.2 Market Size and Forecast by Region
7.3.3 Market Analysis by Country
7.4 Miscellaneous
7.4.1 Key Market Trends, Growth Drivers and Opportunities
7.4.2 Market Size and Forecast by Region
7.4.3 Market Analysis by Country

Chapter 8: Student Loan Market by Region

Chapter 9: Company landscape
9.1. Introduction
9.2. Top Winning Strategies
9.3. Top 10 Player Product Mapping
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Major developments

Chapter 10: Company Profile
10.1 Ascent Funding, LLC
10.1.1 Company Profile
10.1.2 Company Profile
10.1.3 Business Segment Operations
10.1.4 Product Portfolio
10.1.5 Performance
10.1.6 Key Strategic Moves and Developments
10.2 Avance Financial Services Co., Ltd.
10.2.1 Company Profile
10.2.2 Company Profile
10.2.3 Business Segment Operations
10.2.4 Product Portfolio
10.2.5 Performance
10.2.6 Key Strategic Moves and Developments
10.3 Citizens Financial Group Inc.
10.3.1 Company Profile
10.3.2 Company Profile
10.3.3 Business segment operations
10.3.4 Product Portfolio
10.3.5 Performance
10.3.6 Major Strategic Moves and Developments
10.4 Carvana
10.4.1 Company Profile
10.4.2 Company Profile
10.4.3 Business segment operations
10.4.4 Product Portfolio
10.4.5 Performance
10.4.6 Major Strategic Moves and Developments
10.5 Chegg Inc.
10.5.1 Company Profile
10.5.2 Company Profile
10.5.3 Business segment operations
10.5.4 Product Portfolio
10.5.5 Business performance
10.5.6 Major Strategic Moves and Developments
10.6 Ernest LLC
10.6.1 Company Profile
10.6.2 Company Profile
10.6.3 Business segment operations
10.6.4 Product Portfolio
10.6.5 Performance
10.6.6 Major Strategic Moves and Developments
10.7 Ed Financial Services, LLC
10.7.1 Company Profile
10.7.2 Company Snapshot
10.7.3 Business segment operations
10.7.4 Product Portfolio
10.7.5 Business performance
10.7.6 Major Strategic Moves and Developments
10.8 Eduvans Financing Private Limited
10.8.1 Company Profile
10.8.2 Company Profile
10.8.3 Business segment operations
10.8.4 Product Portfolio
10.8.5 Performance
10.8.6 Major Strategic Moves and Developments
10.9 Google
10.9.1 Company Profile
10.9.2 Company Snapshot
10.9.3 Business segment operations
10.9.4 Product Portfolio
10.9.5 Performance
10.9.6 Major Strategic Moves and Developments
10.10 Laurel Road
10.10.1 Company Profile
10.10.2 Company Profile
10.10.3 Business segment operations
10.10.4 Product Portfolio
10.10.5 Performance
10.10.6 Major Strategic Moves and Developments
10.11 Lendkey Technologies Co., Ltd.
10.11.1 Company Profile
10.11.2 Company Profile
10.11.3 Business segment operations
10.11.4 Product Portfolio
10.11.5 Performance
10.11.6 Major Strategic Moves and Developments
10.12 MPOWER Financing
10.12.1 Company Profile
10.12.2 Company Profile
10.12.3 Business segment operations
10.12.4 Product Portfolio
10.12.5 Performance
10.12.6 Key Strategic Moves and Developments
10.13 Quarternda
10.13.1 Company Profile
10.13.2 Company Profile
10.13.3 Business segment operations
10.13.4 Product Portfolio
10.13.5 Performance
10.13.6 Major Strategic Moves and Developments
10.14 Social Finance Co., Ltd.
10.14.1 Company Profile
10.14.2 Company Profile
10.14.3 Business segment operations
10.14.4 Product Portfolio
10.14.5 Performance
10.14.6 Major Strategic Moves and Developments
10.15 Wells Fargo
10.15.1 Company Profile
10.15.2 Company Snapshot
10.15.3 Business segment operations
10.15.4 Product Portfolio
10.15.5 Business Performance
10.15.6 Major Strategic Moves and Developments
10.16 ZeeFi Pty Ltd.
10.16.1 Company Profile
10.16.2 Company Snapshot
10.16.3 Business segment operations
10.16.4 Product Portfolio
10.16.5 Business Performance
10.16.6 Major Strategic Moves and Developments

Learn more about this report here https://www.researchandmarkets.com/r/fpyawk

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