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December 2, 2008 10:14:05 PM CST


Stafford loan

Stafford loan news stories

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Credit Crunch Squeezes Student Loans

As private funds dry up, families look to feds to pay for college tuition

(Newser) - The slump in the credit markets has shrunk capital available to brokers of student loans, complicating the already-difficult task of financing a college education. The Boston Globe relates the story of one Massachusetts family, the Ferragutos, who received word this year from the state’s education finance agency informing them that federal loans, including low-interest Stafford loans, were no longer available. More »

More about:  credit crisis credit market college student loans college tuition private lenders Stafford loan

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

(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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