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Financial Aid in the News

Despite Credit Crisis, Most Students Have Found Loans (The Washington Post)

"The national credit crisis has caused confusion and some last-minute scrambling for college students and their parents, but most of them have been able to borrow the money they need to pay for school," The Washington Post reports. "Students, schools and analysts who monitor lending said it's good, if surprising, news, given the financial turmoil in the credit markets. 'We haven't had a single student turned down for a loan,' said Melissa Gregory, college director of financial aid at Montgomery College. She was surprised, especially because earlier this year some banks announced that they would no longer lend to students at community colleges."

You can read the complete August 31, 2008 Washington Post article on-line.

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