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National Association of Independent Colleges & Universities
NAICU Survey Gives Early Snapshot of the Impact of the Credit Crunch on Student Loans at Private Colleges and Universities
April 7th, 2008
A significant number of private colleges and universities report reductions in student loan availability and borrower benefits, according to the results of a survey conducted by the National Association of Independent Colleges and Universities and released.
"While the comments offered by survey respondents indicate that there is little evidence of the credit crunch limiting access to student loans at the specific time of the survey, the data collected serves as a warning flare," said NAICU President David L. Warren.
"There is widespread uncertainty about what the full extent of the credit crunch and its impact on student borrowers will be, and what...
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Source: VerticalNews (2008-04-07)