Product Code: A17046
A student loan is a specific type of loan made for students to assist them in covering the costs of their post-secondary education and any related expenses, including tuition, books, supplies, and living costs. The interest rate can be considerably lower than with other loans, and the repayment plan can be postponed while the borrower is still enrolled in school, setting it apart from other forms of loans. The strict regulations that govern bankruptcy and renegotiation vary greatly across different nations.
Parents now find it challenging to invest in their kids' education because of the rise in expense of school, rise in prices of courses and high fees demanded by educational institutions. In addition, rise in demand for various additional courses along with educational degrees is driving the growth of the market. These factors notably contribute toward the growth of the global student loan market. However, high repayment prices of student loan and effects on credit score due to defaulting are some of the factors that hamper the market growth. On the contrary, rise in demand for student loans for pursuing additional courses is expected to boost the market growth in future. In addition, surge in fees of educational institutions for specialized courses are expected to provide lucrative opportunities for the 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 loan and private loan. The federal/government loan is further segmented into federal/government parent student loans and federal/government graduate loan. The federal/government loan is further segregated into direct subsidized loan and direct unsubsidized loan. Depending on repayment plan, it is fragmented into standard repayment plan, graduated repayment plan, revised pay as you earn (REPAYE), income-based (IBR) and others. On the basis of age group, it is segmented into 24 or younger, 25 to 34 and above 35. The end user covered in the study includes graduate students, high school students and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The student loan market analysis includes top companies operating in the market such as Ascent Funding, LLC, Avanse Financial Services Ltd., Citizens Financial Group, Inc., Carvana, Chegg Inc., Earnest LLC, Edfinancial Services, LLC, Eduvanz Financing Private Limited, Google, Laurelroad, LendKey Technologies, Inc., MPOWER Financing, Prodigy Finance Limited, Quotanda, Social Finance, Inc., Wells Fargo, and ZeeFi Pty Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the student loan industry
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the student loan market analysis from 2021 to 2031 to identify the prevailing student loan market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the student loan market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global student loan market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Federal/Government Loan
- Private Loan
By Repayment Plan
- Standard Repayment Plan
- Graduated Repayment Plan
- Revised Pay As You Earn (REPAYE)
- Income-based (IBR)
- Others
By Age Group
- 24 or Younger
- 25 to 34
- Above 35
By End User
- Graduate Students
- High School Student
- Others
By Region
- North America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Ascent Funding, LLC
- Avanse Financial Services Ltd.
- Citizens Financial Group, Inc.
- Carvana
- Chegg Inc.
- Earnest LLC
- Edfinancial Services, LLC
- Eduvanz Financing Private Limited
- Google
- Laurelroad
- LendKey Technologies, Inc.
- MPOWER Financing
- Quotanda
- Social Finance, Inc.
- Wells Fargo
- ZeeFi Pty Ltd
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: STUDENT LOAN MARKET, BY TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Federal/Government Loan
- 4.2.1 Key market trends, growth factors 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 factors 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 Graduated 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 Revised Pay As You Earn (REPAYE)
- 5.4.1 Key market trends, growth factors 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 Others
- 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 24 or Younger
- 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 to 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 Above 35
- 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 factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.3 High School Student
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
- 7.4 Others
- 7.4.1 Key market trends, growth factors 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
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Type
- 8.2.3 North America Market size and forecast, by Repayment Plan
- 8.2.4 North America Market size and forecast, by Age Group
- 8.2.5 North America Market size and forecast, by End User
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Market size and forecast, by Type
- 8.2.6.1.2 Market size and forecast, by Repayment Plan
- 8.2.6.1.3 Market size and forecast, by Age Group
- 8.2.6.1.4 Market size and forecast, by End User
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by Type
- 8.2.6.2.2 Market size and forecast, by Repayment Plan
- 8.2.6.2.3 Market size and forecast, by Age Group
- 8.2.6.2.4 Market size and forecast, by End User
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Type
- 8.3.3 Europe Market size and forecast, by Repayment Plan
- 8.3.4 Europe Market size and forecast, by Age Group
- 8.3.5 Europe Market size and forecast, by End User
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 United Kingdom
- 8.3.6.1.1 Market size and forecast, by Type
- 8.3.6.1.2 Market size and forecast, by Repayment Plan
- 8.3.6.1.3 Market size and forecast, by Age Group
- 8.3.6.1.4 Market size and forecast, by End User
- 8.3.6.2 Germany
- 8.3.6.2.1 Market size and forecast, by Type
- 8.3.6.2.2 Market size and forecast, by Repayment Plan
- 8.3.6.2.3 Market size and forecast, by Age Group
- 8.3.6.2.4 Market size and forecast, by End User
- 8.3.6.3 France
- 8.3.6.3.1 Market size and forecast, by Type
- 8.3.6.3.2 Market size and forecast, by Repayment Plan
- 8.3.6.3.3 Market size and forecast, by Age Group
- 8.3.6.3.4 Market size and forecast, by End User
- 8.3.6.4 Italy
- 8.3.6.4.1 Market size and forecast, by Type
- 8.3.6.4.2 Market size and forecast, by Repayment Plan
- 8.3.6.4.3 Market size and forecast, by Age Group
- 8.3.6.4.4 Market size and forecast, by End User
- 8.3.6.5 Spain
- 8.3.6.5.1 Market size and forecast, by Type
- 8.3.6.5.2 Market size and forecast, by Repayment Plan
- 8.3.6.5.3 Market size and forecast, by Age Group
- 8.3.6.5.4 Market size and forecast, by End User
- 8.3.6.6 Russia
- 8.3.6.6.1 Market size and forecast, by Type
- 8.3.6.6.2 Market size and forecast, by Repayment Plan
- 8.3.6.6.3 Market size and forecast, by Age Group
- 8.3.6.6.4 Market size and forecast, by End User
- 8.3.6.7 Rest of Europe
- 8.3.6.7.1 Market size and forecast, by Type
- 8.3.6.7.2 Market size and forecast, by Repayment Plan
- 8.3.6.7.3 Market size and forecast, by Age Group
- 8.3.6.7.4 Market size and forecast, by End User
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Type
- 8.4.3 Asia-Pacific Market size and forecast, by Repayment Plan
- 8.4.4 Asia-Pacific Market size and forecast, by Age Group
- 8.4.5 Asia-Pacific Market size and forecast, by End User
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Market size and forecast, by Type
- 8.4.6.1.2 Market size and forecast, by Repayment Plan
- 8.4.6.1.3 Market size and forecast, by Age Group
- 8.4.6.1.4 Market size and forecast, by End User
- 8.4.6.2 Japan
- 8.4.6.2.1 Market size and forecast, by Type
- 8.4.6.2.2 Market size and forecast, by Repayment Plan
- 8.4.6.2.3 Market size and forecast, by Age Group
- 8.4.6.2.4 Market size and forecast, by End User
- 8.4.6.3 India
- 8.4.6.3.1 Market size and forecast, by Type
- 8.4.6.3.2 Market size and forecast, by Repayment Plan
- 8.4.6.3.3 Market size and forecast, by Age Group
- 8.4.6.3.4 Market size and forecast, by End User
- 8.4.6.4 Australia
- 8.4.6.4.1 Market size and forecast, by Type
- 8.4.6.4.2 Market size and forecast, by Repayment Plan
- 8.4.6.4.3 Market size and forecast, by Age Group
- 8.4.6.4.4 Market size and forecast, by End User
- 8.4.6.5 South Korea
- 8.4.6.5.1 Market size and forecast, by Type
- 8.4.6.5.2 Market size and forecast, by Repayment Plan
- 8.4.6.5.3 Market size and forecast, by Age Group
- 8.4.6.5.4 Market size and forecast, by End User
- 8.4.6.6 Singapore
- 8.4.6.6.1 Market size and forecast, by Type
- 8.4.6.6.2 Market size and forecast, by Repayment Plan
- 8.4.6.6.3 Market size and forecast, by Age Group
- 8.4.6.6.4 Market size and forecast, by End User
- 8.4.6.7 Rest of Asia-Pacific
- 8.4.6.7.1 Market size and forecast, by Type
- 8.4.6.7.2 Market size and forecast, by Repayment Plan
- 8.4.6.7.3 Market size and forecast, by Age Group
- 8.4.6.7.4 Market size and forecast, by End User
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Type
- 8.5.3 LAMEA Market size and forecast, by Repayment Plan
- 8.5.4 LAMEA Market size and forecast, by Age Group
- 8.5.5 LAMEA Market size and forecast, by End User
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Market size and forecast, by Type
- 8.5.6.1.2 Market size and forecast, by Repayment Plan
- 8.5.6.1.3 Market size and forecast, by Age Group
- 8.5.6.1.4 Market size and forecast, by End User
- 8.5.6.2 Middle East
- 8.5.6.2.1 Market size and forecast, by Type
- 8.5.6.2.2 Market size and forecast, by Repayment Plan
- 8.5.6.2.3 Market size and forecast, by Age Group
- 8.5.6.2.4 Market size and forecast, by End User
- 8.5.6.3 Africa
- 8.5.6.3.1 Market size and forecast, by Type
- 8.5.6.3.2 Market size and forecast, by Repayment Plan
- 8.5.6.3.3 Market size and forecast, by Age Group
- 8.5.6.3.4 Market size and forecast, by End User
CHAPTER 9: COMPANY LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Key developments
CHAPTER 10: COMPANY PROFILES
- 10.1 Ascent Funding, LLC
- 10.1.1 Company overview
- 10.1.2 Company snapshot
- 10.1.3 Operating business segments
- 10.1.4 Product portfolio
- 10.1.5 Business performance
- 10.1.6 Key strategic moves and developments
- 10.2 Avanse Financial Services Ltd.
- 10.2.1 Company overview
- 10.2.2 Company snapshot
- 10.2.3 Operating business segments
- 10.2.4 Product portfolio
- 10.2.5 Business performance
- 10.2.6 Key strategic moves and developments
- 10.3 Citizens Financial Group, Inc.
- 10.3.1 Company overview
- 10.3.2 Company snapshot
- 10.3.3 Operating business segments
- 10.3.4 Product portfolio
- 10.3.5 Business performance
- 10.3.6 Key strategic moves and developments
- 10.4 Carvana
- 10.4.1 Company overview
- 10.4.2 Company snapshot
- 10.4.3 Operating business segments
- 10.4.4 Product portfolio
- 10.4.5 Business performance
- 10.4.6 Key strategic moves and developments
- 10.5 Chegg Inc.
- 10.5.1 Company overview
- 10.5.2 Company snapshot
- 10.5.3 Operating business segments
- 10.5.4 Product portfolio
- 10.5.5 Business performance
- 10.5.6 Key strategic moves and developments
- 10.6 Earnest LLC
- 10.6.1 Company overview
- 10.6.2 Company snapshot
- 10.6.3 Operating business segments
- 10.6.4 Product portfolio
- 10.6.5 Business performance
- 10.6.6 Key strategic moves and developments
- 10.7 Edfinancial Services, LLC
- 10.7.1 Company overview
- 10.7.2 Company snapshot
- 10.7.3 Operating business segments
- 10.7.4 Product portfolio
- 10.7.5 Business performance
- 10.7.6 Key strategic moves and developments
- 10.8 Eduvanz Financing Private Limited
- 10.8.1 Company overview
- 10.8.2 Company snapshot
- 10.8.3 Operating business segments
- 10.8.4 Product portfolio
- 10.8.5 Business performance
- 10.8.6 Key strategic moves and developments
- 10.9 Google
- 10.9.1 Company overview
- 10.9.2 Company snapshot
- 10.9.3 Operating business segments
- 10.9.4 Product portfolio
- 10.9.5 Business performance
- 10.9.6 Key strategic moves and developments
- 10.10 Laurelroad
- 10.10.1 Company overview
- 10.10.2 Company snapshot
- 10.10.3 Operating business segments
- 10.10.4 Product portfolio
- 10.10.5 Business performance
- 10.10.6 Key strategic moves and developments
- 10.11 LendKey Technologies, Inc.
- 10.11.1 Company overview
- 10.11.2 Company snapshot
- 10.11.3 Operating business segments
- 10.11.4 Product portfolio
- 10.11.5 Business performance
- 10.11.6 Key strategic moves and developments
- 10.12 MPOWER Financing
- 10.12.1 Company overview
- 10.12.2 Company snapshot
- 10.12.3 Operating business segments
- 10.12.4 Product portfolio
- 10.12.5 Business performance
- 10.12.6 Key strategic moves and developments
- 10.13 Quotanda
- 10.13.1 Company overview
- 10.13.2 Company snapshot
- 10.13.3 Operating business segments
- 10.13.4 Product portfolio
- 10.13.5 Business performance
- 10.13.6 Key strategic moves and developments
- 10.14 Social Finance, Inc.
- 10.14.1 Company overview
- 10.14.2 Company snapshot
- 10.14.3 Operating business segments
- 10.14.4 Product portfolio
- 10.14.5 Business performance
- 10.14.6 Key strategic moves and developments
- 10.15 Wells Fargo
- 10.15.1 Company overview
- 10.15.2 Company snapshot
- 10.15.3 Operating business segments
- 10.15.4 Product portfolio
- 10.15.5 Business performance
- 10.15.6 Key strategic moves and developments
- 10.16 ZeeFi Pty Ltd
- 10.16.1 Company overview
- 10.16.2 Company snapshot
- 10.16.3 Operating business segments
- 10.16.4 Product portfolio
- 10.16.5 Business performance
- 10.16.6 Key strategic moves and developments