Although total student borrowing fell 6%, private student loan demand increased by almost 9%. This increase ihas a positive impact on the private SLABS supply as well as issuer diversification going forward, according to a Deutsche Bank report published today.

Data release from the College Board showed that nonfederal student loan volume increased by almost 9% YOY, to $8.8 billion in 2012-13 academic year from $8.1 billion in 2011-12. Students and parents borrowed a total of $110.3 billion during the 2012-13 academic year.

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