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Transcript: Credit Crunch Hits Students Seeking Loans
- Article from:
- NPR Morning Edition
- Article date:
- March 14, 2008
- Author:
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RENEE MONTAGNE
NPR Morning Edition
03-14-2008
Credit Crunch Hits Students Seeking Loans
Host: RENEE MONTAGNE
Time 10:00-11:00 AM
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RENEE MONTAGNE, host:
If you should happen to be training to be a chef or studying for an MBA at an online college, you may be the next victim of the mortgage meltdown. That's because the shakeup in the credit markets is now hitting the student loan industry. Students who need private loans to finance their education are finding those loans more costly and harder to get. Trade schools and for-profit colleges are feeling the pinch first, and those schools are scrambling to find alternatives, as NPR's Cheryl Corley reports.
CHERYL CORLEY: When it ...