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ERIC Number: EJ794179
Record Type: Journal
Publication Date: 2008-May-2
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0009-5982
A Design-It-Yourself Student-Loan Program
Day, Philip R., Jr.; Fitzgerald, Brian K.; Kane, Thomas J.; Kantrowitz, Mark; Lief, Brett E.; Nassirian, Barmak
Chronicle of Higher Education, v54 n34 pB22 May 2008
One does not need to be an expert on student aid to recognize that the current loan system is complex, sometimes inefficient, and highly politicized. When it comes to financing a college education, there is no "one-stop shopping." Students and their parents have a multitude of lenders to choose from, including federal and state governments and colleges and universities, as well as private sources. Adding to borrowers' woes is the fact that the subprime mortgage crisis has begun to bleed into the student-loan industry. The general credit crunch has already caused at least 50 lenders to pull out of the student-loan system altogether. Some financial-aid experts worry that the exodus may mean fewer loans available to students in the fall. In this article, six experts in the field relate what they would do to build a new and better federal student-loan system.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Opinion Papers
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A