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ERIC Number: EJ797131
Record Type: Journal
Publication Date: 2008-May-16
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0009-5982
Borrowers' Uncertainty Has Colleges in Quandary
Gose, Ben
Chronicle of Higher Education, v54 n36 pA1 May 2008
The crunch in the student-loan market, a weak U.S. economy, and declining home values are all conspiring to make this an unpredictable year for college enrollment. Some middle-income families have found it cheaper in recent years to borrow against their home equity to help pay for college, rather than take out private student loans. However, this option may no longer be available for many families, as home values in many markets have plummeted and banks are tightening lending requirements. To avert a crisis, some colleges are developing contingency plans to help students enroll even if bank loans fall through. This article describes some of the efforts made by various colleges to help families cope with the loan crisis.
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; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A