Credit Trouble Trickling Down to Student Lenders
The San Francisco Chronicle has the story today, out of its Washington D.C. bureau, about the ongoing "credit crunch" in financial markets is starting to have a trickle-down effect on the student-loan sector.
Zachary Coile reports that several lenders in recent weeks have stopped offering federally guaranteed student loans. Actual students have yet to feel the impact, he adds, quoting some financial aid types at various universities who don't see cause for concern ... but it's something people are keeping a close eye on, regardless.
It's well worth a read if you or your kids are about to be in the market for a student loan.