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« Small Colleges Promote Their Financial Stability | Main | Libraries Stay Open 24/7 For Students Pulling All Nighters »

January 06, 2009

With Loans Tight Students Get Creative In Finding College Funding

As lenders cope with turmoil in the financial markets and fallout from the subprime mortgage crisis, the student loan industry is more precarious than ever. Daring and driven, a small but growing number of students, like Stephenson, have embraced creative financing. But it's not necessarily by choice. In the past year, conventional lenders have drastically reduced funding for student loans. To seek out funds, some students have turned to peer-to-peer lending sites, such as GreenNote and Fynanz, which focus exclusively on making college loans. Read more at:
http://www.businessweek.com/bschools/content/dec2008/bs20081230_904840.htm?chan=top+news_top+news+index+-+temp_business+schools

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