An unfair and out-of-balance online journal dedicated to seeking truth and finding fact at WVU Tech.
Showing posts with label student loans. Show all posts
Showing posts with label student loans. Show all posts
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Monday, August 25, 2008
Bank pullout in student loan market no reason to panic, financial aid administrators say
Banks across the country are pulling out of the student loan market, but financial aid officials in West Virginia say there is no reason to panic.
About 100 banks and other lenders have stopped participating in the Federal Family Education Loan Program (FFELP), according to the National Association of Student Financial Aid Administrators. Thirty lenders have stopped offering private student loans.
Some West Virginia students have had to switch lenders, but several financial aid officials say they haven't heard of students being denied loans altogether. Still, they're monitoring the situation.
For more on this story, go to The Chareleston Gazette
About 100 banks and other lenders have stopped participating in the Federal Family Education Loan Program (FFELP), according to the National Association of Student Financial Aid Administrators. Thirty lenders have stopped offering private student loans.
Some West Virginia students have had to switch lenders, but several financial aid officials say they haven't heard of students being denied loans altogether. Still, they're monitoring the situation.
For more on this story, go to The Chareleston Gazette
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