The number of borrowers behind on private student loan payments rose slightly in the fourth quarter of 2015, but the overall trend is for continued improvement, according to Fitch Ratings.

The 90-day delinquency rate for Fitch’s U.S. Student Loan ABS Index of securitized loans not guaranteed by the U.S. government, was 0.72%, up 4 basis points on the quarter but down on the year.  Late payments are also well below the 2009 peak of nearly 1.2%.

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