Dive Brief:

• Sallie Mae is reporting loans are up 11% in the third quarter compared to last year.
• The branch of its business that originates private student loans is expected to have $10 billion in assets this year, with a market share of more than 50%.
• The company expects more families to borrow privately as education costs continue to rise and government aid does not keep pace.

Dive Insight:

Two staggering student loan statistics: Outstanding loans crossed the $1 trillion mark in 2011 for the first time. And student loan debt now exceeds credit card debt in the U.S.