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Article: George Washington Students Lose Loans Mid-Year.(George Washington University)(Brief article)
- Article from:
- U.S. News & World Report
- Article date:
- October 31, 2008
- Author:
CopyrightCOPYRIGHT 2008 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Alison Go
In what could be a scary omen of financial troubles students nationwide will face in 2009, more than 180 George Washington University students are searching for emergency funding mid-year after National Education, a lending company, could not obtain funding (http://media.www.gwhatchet.com/media/storage/paper332/news/2008/10/30/News/Lender.Drops.Students.MidYear-3515701.shtml) for loans it promised, the GW Hatchet reports.
The company is one of around 200 that have been affected by the frozen credit market and have stopped processing Stafford loans "due to difficulty in obtaining financing from the capital market," according to an ...