"Finding the money for college during this widening credit crunch just got easier, thanks to emergency legislation signed by the president last week," The Baltimore Sun reports. "'It's long overdue,' says Sharon Hassan, director of financial aid at Goucher College. 'It took a crisis in the market for this to happen.' Congress worked quickly to reduce any credit crunch threat to education loans this year. The subprime mortgage crisis triggered the credit crunch that has now spread to other areas, including student loans. If you're student or a parent, many of the changes under this new law will apply to loans made beginning in July."