Student loan companies are in turmoil and banks are tightening their budgets. All in all, parents will be in peculiar waters this year when trying to figure out how to pay for their child's college tuition. Colleges are doing their part, many of them joining the federal government's direct lending program, but many experts fear that too many private lenders have left the market and the "lenders of last resort" may not be able to pick up the slack.
Check out the entire article at:
http://www.nytimes.com/2008/04/12/business/12loan.html?_r=1&ref=education&oref=slogin
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