Having trouble paying for college?
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- September
- 24
You’re not the only one. With the credit crunch roiling the financial markets, it’s becoming harder and harder for students to secure loans for college.
As I’m sure people reading this blog are well aware, the federal funding available for students is well below what it actually costs to attend college.
So to help close that gap, students in recent years have increasingly turned to private lenders for additional money to pay for their education. Problem is, many of these private lenders are now backing out of the game.
Of the privae lenders still awarding loans, the credit requirements have tightened, and cosigners are all but necessary, experts say.
I’m currently working on a story about this issue, so if you are a student struggling to secure loans for college, pretty please (with a cherry on top!) give me a ring at 914-694-3528. I’d love to chat about your experience.
Photo caption: Mercy College freshman Maria Burgos of Ossining is helped by student worker Jarrett Hairston of Chestnut Ridge as she fills out a financial aid form in the financial aid office at Mercy College in Dobbs Ferry Dec. 12, 2006. (Stuart Bayer / The Journal News)
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on Wednesday, September 24th, 2008 at 11:17 am by Diana Costello.
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