A Brutal Test In Student Borrowing (The Boston Globe)
"Since the unprecedented collapse of the student loan market, financing a college education has become more complicated than ever," The Boston Globe reports. "Nationwide, at least 50 nonprofits, major banks, and government agencies have stopped making either federal or private loans for education. Some have halted student lending altogether. As a result, financial aid officers at colleges and universities this year waited longer than normal for commitments from lenders willing to make student loans. They also fielded lots of calls from worried parents, and had to delay mailing letters informing students of their loan options."
You can read the complete July 23, 2008 Boston Globe article on-line.
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