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EdNews.org - Daily EdNews

Monday, November 10, 2008

US to Expand Student Loan Purchases

In an effort to stave off potential short falls in the coming years, the US government has decided to purchase student loans it backs - a sign that credit crisis fears are seeping into the student loan market as well. While students can still obtain federally backed loans, many private lenders have dropped out of the market, citing risky market conditions, thus making the availability of loans strained.

Check out the entire article at:
http://www.nytimes.com/2008/11/08/business/08loan.html?ref=education

1 comment:

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