"Now the credit crisis is spilling over into college-student loans," The Chicago Tribune reports. "Sallie Mae, the nation's largest lender to college students, will no longer make private education loans to students who are higher credit risks, so-called subprime borrowers. Sallie Mae's change will hurt for-profit education companies because they rely on students' access to private loans more than non-profit colleges and universities, student-loan experts said."

You can read the complete January 23, 2008 Chicago Tribune article on-line.

Additional Media Coverage

• The Credit Crunch Takes a Toll (Inside Higher Ed)
• Sallie Mae Will Quit Making Private Loans to Students With Low Credit Scores (The Chronicle of Higher Education)