Joint Release/Regulators Release Guidance on Private Student Loans With Graduated Repayment Terms at Origination — 2015-01-29

Board of Governors of the Federal Reserve System Joint Release Federal Deposit Insurance Corporation National Credit Union Administration Consumer Financial Protection Bureau State Liaison Committee Regulators Release Guidance on Private Student Loans With Graduated Repayment Terms at Origination Federal financial regulatory agencies, in partnership with the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council, today issued guidance for financial institutions on private student loans with graduated repayment terms at origination. This guidance provides principles that financial institutions should consider in their policies and procedures for originating private student loans with graduated repayment terms. The agencies—the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency—and the SLC recognize that the competitive job market, traditionally low entry-level salaries, and higher student debt loads can contribute to some borrowers