2008/07/23

Student loans no more... is this the begining of an educational crisis?

With the news about college loans being more elusive than ever, going to college may become tougher than ever for an average middle-class student. How are parents going to afford sending kids to college? And what will happen 4 years from now when there are fewer professionals joining the workforce? How will we close that gap?

Read the article below:
"Since the unprecedented collapse of the student loan market, financing a college education has become more complicated than ever. For the Ferragutos, it started in April with a letter from the Massachusetts Educational Financing Authority, the nonprofit lender for thousands of students who attend colleges and universities in Massachusetts. The letter said the authority would no longer offer federal loans, including low-interest Stafford and parent loans. Even worse, the authority said money for private student loans was in doubt."

Full article

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