Continued Access To FFELP Loans Likely, Access To Private Loans Less Certain

Abstract:

Alarming reports in the media about disruptions in the credit markets affecting student loans and announcements from student loan providers have many questioning whether loans will continue to be available to students in the near future. NASFAA has been monitoring these student loan developments and been in contact with the student loan community to assess the situation. While nothing is certain, NASFAA expects students’ access to private education loans to be restricted at some schools (at least in the near future) due to tightening in the credit markets. However, NASFAA expects students’ access to FFELP loans to be secure in the near future.

The full article was originally published in NASFAA’s Today’s News on 2/20/08.