Quoted In: College Families Scouring For Loans (The Boston Globe)

With tuition bills looming, thousands of Massachusetts students and parents are scrambling to secure college loans amid deep turbulence in the nation’s credit markets, but college and university officials are reassuring families they should be able to borrow the money they need," The Boston Globe reports. "Worried parents, facing payments that are due as soon as tomorrow, peppered financial aid offices across Massachusetts yesterday about the status of existing loans and the odds of obtaining new ones.

"This does come as a blow for students, especially so late in the game," said Justin Draeger of the National Association of Student Financial Aid Administrators. "There seem to be enough lenders in the game to pick up the slack, but private loans will likely be more difficult to get, and more expensive."

The complete July 31, 2008 Boston Globe article is available online.