Published Apr 2, 2008
About 3,500 students who have federal loans will soon feel the effects of the currently unpredictable federal and private loan market as early as this summer, a financial aid officer said.
Some lenders have dropped out of the loan market, causing students to seek different lenders for next fall, said Mike Scott, director of scholarships and financial aid.
"This is the worst situation we have seen in the 10 years I have been working with loans," said Melet Leafgreen, assistant director scholarships and financial aid.