Credit Crisis and Student Loans

Parents Forum
1

<p>[Student</a> Loans Feel the Pinch - US News and World Report](<a href=“http://www.usnews.com/articles/business/paying-for-college/2008/02/28/student-loans-feel-the-pinch.html]Student”>http://www.usnews.com/articles/business/paying-for-college/2008/02/28/student-loans-feel-the-pinch.html)</p>

<p>The tightening up of credit is and will continue to be impacting your and your students ability to borrow money for school.</p>

2

<p>“In 2005-06, students took out $17.3 billion in private loans, compared with only $1.3 billion a decade earlier, according to the College Board.”</p>

<p>This factoid caught my eye! And this was only 10 years ago…</p>

3

<p>Not going to be pretty especially since Staffords and PLUS are now fixed rate rather than floating.</p>