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Financial Aid in the News

College Lending Tight But Available (The Philadelphia Inquirer)

"With lenders leaving the college loan market, some students face higher interest rates and a scramble to find new banks," The Philadelphia Inquirer reports. "But college officials throughout the region say most students have been able to get the loans they need to pay August tuition bills. Problems were not as bad as predicted in the spring, they said. 'It's not that you're having tons of students unable to attain refinancing. They just have to hunt around for another lender,' said Mark Kantrowitz, publisher of FinAid.org, a Web site offering financial-aid advice. About 1 to 2 percent of college students nationwide may be unable to get loans, Kantrowitz said."

You can read the complete August 18, 2008 Philadelphia Inquirer article on-line.

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