Credit Turmoil Raises Student-Loan Worries
By ROBERT TOMSHO
March 28, 2008; Page A6
Concern is growing that the U.S. Department of Education has yet to
detail its plans for making emergency federal loans if students can't
borrow through normal channels for the coming school year.
Typically, around this time of year, many students receiving
admissions letters are referred by their colleges to one of 2,000
banks and other lenders that make loans through the federal
government's guaranteed-loan program, which supplies billions of
dollars to pay for college and is by far the largest source of
financial aid.
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