...Slight Decrease in Private Student Loan Delinquency Rates: The 90¡120 days delinquency rates decreased by nine basis points (bps) from last quarter. Overall, the delinquency levels are trending downward along with the unemployment rate as the economy continued to strengthen. PSL Gross Defaults Approaching Pre-Crisis Levels: With annualized gross default rates reaching as high as 6.00% in 3Q09, the recent default rates have shown great improvements over the years by declining to 2.58% in 2Q15. With the anticipated improvement in the economy, the gross default rates are expected to be relatively stable, with a slow declining trend....