We need a plan to address rising college costs
Today’s financial woes have created a new crisis in student lending at a time when college costs have risen some 40 percent in the last five years. We learned last week that the California budget impasse is blocking loans for community-college students. This spring, 46 lenders stopped making federally guaranteed student loans – part of the larger credit crunch. And San Francisco-based Education Finance Partners, a company that made private student loans, closed its doors Aug. 14 after losing its long-term financing. College students report that they’re dropping out because they just can’t afford to stay in school.
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by Meredith Alexander Kunz, The San Francisco Chronicle.