The government-backed student loan market may be nearing a crisis, but private student loans continue to be a very good bet for lenders, according to a study released Thursday.

The amount of private student loan debt outstanding has stayed relatively flat over the past five years, while the delinquency rate has declined, according to a report from the San Francisco-based MeasureOne, which provides data and analysis on student loans. In contrast, federal student loan debt has grown from $577 billion in 2008 to more than $1 trillion today.

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