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More Lenders Dropping Student Loans

Some 900,000 students scrambling for alternate ways to pay tuition this fall

By Jim O'Neill, Newser User

Posted Aug 11, 2008 8:18 AM CDT

(Newser) – Continuing turmoil in credit markets has prompted more private lenders to cut back or eliminate education loans, leaving thousands of student borrowers without the cash they need for college, reports the Wall Street Journal. Last week Wachovia joined more than 2 dozen banks that have... Read full story »

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More Lenders Dropping Student Loans

Some 900,000 students scrambling for alternate ways to pay tuition this fall

student loans • Wachovia • credit crisis • lending practices • college loans

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More Newser Stories

In Switch, 'Real Economy' Hits Big Banks

Slumping profits are 'payback' from Main Street whipped by bad practices

Student Borrowing Soars 25% to Record Levels

Students' fed loans jump 25% from previous year

Obama Pledges Credit Card Reform

Obama backs House bill limiting 'deceptive' practices

Bank Lending Still Down 23% 4 Months After Bailout

Journal says Treasury's tally hides damage

Feds Give Green Light to Wells Fargo-Wachovia

Citigroup plans to sue over breach of contract, but will not interfere

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