Private Student Loans Slowdown

The Daily Record highlighted that the popping of the credit bubble has left many banks extremely under-capitalized, making them much more risk adverse and tightening their student loan standards. In addition to tighter standards, less loan providers leaves students limited options.

In response to the slowdown in what was once a $14.5 billion dollar private student loan sector, some schools have shifted resources from merit-based financial aid to need-based assistance.

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