The number of private student loans defaulting in 2Q11 increased by 5% from 1Q11, according to the Moody's Investors Service Private Student Loan Indices.

The figures showed that 5.4% of securitized private or non-guaranteed student loans defaulted in the second quarter. This is on top of a seasonal spike in the default rate for the 2010 securitization vintage, the rating agency said.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.