Press release
Student Loan Market Expected to Witness Significant Growth at Approximately 8.7% CAGR by 2031
Student Loan Market
โก๏ธ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/17434
A student loan is given to pay for the borrower's enrollment at a higher education institution or a vocational school that is secured by and on which the payment of the outstanding principal and interest has been deferred under the insurance or guarantee of the federal government, a state government, or any agency of either. In addition, rise in costs of education and increase in demand for extra educational courses along with the degree are the major factors driving the growth of the market. However, prolonged repayment periods hamper the growth of the market. Moreover, increase in initiatives by governments in developing countries on student loans to provide education to the citizens is anticipated to provide lucrative opportunities for the market growth. Thus, these are the major student loan market trends.
Drivers Importance for higher education along with additional courses in corporate sector The lower interest rates on student loans No credit checks for the loan applications Subsidized interests offered by the lenders
Opportunities Growth in the middle-class segment, rapid urbanization, and rise in literacy level in developing countries
Restraints Longer repayment period Risk on credit report after defaulting
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global student loan market, owing to increase in demand for students' loan globally as many families struggled financially to pay educational bills. Student loans experienced a massive growth as the costs for online education grew during the pandemic.
Moreover, the increase in demand for up-skilling or executive courses during the pandemic benefited the student loan market size. This, in turn, has become one of the major student loan market trends during the global health crisis.
โก๏ธ๐๐ฎ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐ @ https://bit.ly/3q4QYrx
The research provides detailed segmentation of the global student loan market based on type, repayment plan, age group, end user,โฏand region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on type, the federal/government loan segment held the highest share in 2021, accounting for more than four-fifths of the global student loan market, and is expected to continue its leadership status during the forecast period. However, the private loan segment is expected to register the highest CAGR of 11.9% from 2022 to 2031.
Based on repayment plan, the standard repayment plan segment accounted for the highest share in 2021, contributing to nearly one-third of the global student loan market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the graduated repayment plan segment is expected to manifest the highest CAGR of 12.4% from 2022 to 2031.
Based on age group, the 25 to 34 segments accounted for the highest share in 2021, holding nearly half of the global student loan market, and is expected to continue its leadership status during the forecast period. However, the 24 or younger segment is estimated to grow at the highest CAGR of 13.8% during the forecast period.
โก๏ธ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ ๐จ๐๐๐๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐ฉ๐๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ : https://www.alliedmarketresearch.com/request-for-customization/A17046
Based on region, North America held the largest share in 2021, contributing to nearly half of the global student loan market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 12.8% during the forecast period.
Leading market players of the global student loan market analyzed in the research include Earnest LLC, Edfinancial Services, LLC, Google, LendKey Technologies, Inc., Eduvanz Financing Private Limited, Chegg Inc., Avanse Financial Services Ltd., Carvana, Ascent Funding, LLC, ZeeFi Pty Ltd, Social Finance, Inc., Laurelroad, Wells Fargo, Citizens Financial Group, Inc., Quotanda, MPOWER Financing.
The report provides a detailed analysis of these key players of the global student loan market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Student Loan Market Key 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
โก๏ธ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A17046
โก๏ธ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Blockchain Distributed Ledger Market https://www.alliedmarketresearch.com/blockchain-distributed-ledger-market
Boiler Insurance Market https://www.alliedmarketresearch.com/boiler-insurance-market-A07432
Trade Credit Insurance Market https://www.alliedmarketresearch.com/trade-credit-insurance-market-A08305
Europe Travel Insurance Market https://www.alliedmarketresearch.com/europe-travel-insurance-market
U.S. Insurance Brokerage for Employee Benefits Market https://www.alliedmarketresearch.com/us-insurance-brokerage-for-employee-benefits-market-A278701
Contact:
David Correa
1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Student Loan Market Expected to Witness Significant Growth at Approximately 8.7% CAGR by 2031 here
News-ID: 3499705 • Views: โฆ
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collectโฆ
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growthโฆ
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil โฆ
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strictโฆ
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of โฆ
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise inโฆ
More Releases for Student
Modern Student Accommodation York: Get Affordable York Student Accommodation Nea โฆ
Modern Student Accommodation York offers affordable, fully-equipped housing options within walking distance of the University of York, St. John University and York College. With a family-run business legacy spanning over two decades, they provide comfortable, modern, and hassle-free student accommodation in York. Their properties are regularly refurbished, maintenance is prompt, and all bills are included-making them a top choice for students seeking quality accommodation in York.
York - August 28th, 2024โฆ
Modern Student Accommodation York Provides Affordable Student Housing Amidst Ris โฆ
Modern Student Accommodation York addresses the rising rent costs in York by offering affordable housing options for students. With rents increasing by 50-60 per week, students face financial strain. Modern Student Accommodation York provides affordable, conveniently located housing starting at 175 pppw (per person per week), including all bills, helping students focus on their education without the burden of high rent.
York - June 21st, 2024 - Modern Student Accommodation York,โฆ
Student Travel Market is Booming Worldwide| Straight A Tours, WorldStrides, ACIS โฆ
Latest Study on Industrial Growth of Worldwide Student Travel Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Worldwide Student Travel market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trendsโฆ
Unimoni Student Stars 2023
Unimoni Financial Service Ltd, a leading provider of financial services, has announced its 2023 scholarship program, "Unimoni Stars 2023," for those who seek overseas education. The Unimoni Star 2023 will award 6 lakh Rupees to the selected applicants. Students planning to study abroad or pursuing their higher education at overseas universities (from April 1, 2023) are eligible to participate in the "Unimoni Students STARS 2023". The registration portal is openโฆ
Student Transportation Service Market Is Thriving Worldwide | First Student, NAP โฆ
A new statistical surveying study titled Student Transportation Service Market investigates a few critical features identified with Student Transportation Service Market covering industry condition, division examination, and focused scene. Down to earth ideas of the market are referenced in a straightforward and unassuming way in this report. A far-reaching and exhaustive essential investigation report features various actualities, for example, improvement factors, business upgrade systems, measurable development, monetary benefit or misfortuneโฆ
Student Loan Planner Surpasses $1 Billion in Student Loans Consulted
Student Loan Planner announced its team of consultants have advised over $1 billion in student loans. Founded in 2016 by Travis Hornsby, CFA, Student Loan Planner has helped more than 4,000 borrowers with its paid counseling service, along with millions of student loan borrowers who have utilized the companyโs free tools and resources.
When Hornsby helped his wife pay off her six figure student loan debt from medical school, heโฆ
