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December 2, 2008 10:08:53 PM CST

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Colleges, Universities Hit
by Credit Crisis

Higher ed is heavily invested, needs to reassess plans

Boston Globe Boston Globe Oct 3, 08 2:12 PM CDT
(Newser) - Watching their endowments go south, their fundraising slow, and access to credit dry up, many colleges and universities are in crisis-planning mode, the Boston Globe reports. Some schools may have to freeze hiring and halt new construction, as Boston University did Tuesday, or raise tuition. Pricier schools are predicting fewer applicants in a weakening economy. More »

More about:  higher education • college costs • Boston University

Struggling College Students Turn to Food Banks

Soaring cost of staples drive students to charity pantries

Associated Press Associated Press Jul 26, 08 6:35 AM CDT
(Newser) - With some groceries costing 30% more this year, food banks have surprising new customers: college students. About 150 visit a Seattle food pantry each week, up 25% from last year, while a Denver college food program has seen its numbers double. "With things the way they are, a lot of students can't afford to eat," said a student who started the Facebook group, "I Ain't Afraid to be on Food Stamps." More »

More about:  college • food prices • food banks • food stamps • college costs

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

Washington Post Washington Post Mar 3, 08 2:40 PM CST
(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have already abandoned the student market, and those rates will rise even faster, the Washington Post reports. More »

More about:  credit crisis • subprime crisis • education • college • debt • university • federal loans • college costs • student debt • Stafford loan

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