"The state agency that provides loans to Kentucky's college students will 'effectively run out of money' Friday until about Aug. 21 as it awaits new federal funds intended to alleviate a national crisis in student loans," The Herald-Leader reports. "The Kentucky Higher Education Assistance Authority, and its lending arm, The Student Loan People, will finish giving out the available funds Thursday, said James R. Ackinson, KHEAA's executive vice president. The credit crunch is expected to inconvenience some students, but officials remain confident that everyone who needs a loan will get one. Ackinson said KHEAA is awaiting approval of a $50 million 'bridge loan' that would allow the agency to make loans, paving the way for reimbursements under a new federal program. With the bridge loan, The Student Loan People can issue $35 million to 16,000 students, he said."