"As banks continue to drop out of Utah's guaranteed student loan market, the amount of money borrowed has soared, spiking 33 percent so far this year to $476 million and testing the state's ability to fund every eligible student," Salt Lake Tribune reports. " 'The number of loans is up 28 percent to 115,00 loans year to date,' David Fietz, executive director for the Utah Higher Education Assistance Authority (UHEAA), told the agency's board Thursday. 'These are historic increases,' he said, attributing the spike to increasing enrollment and the recession, which has meant parents can't contribute as much to their children's education costs. Still, Fietz assured board members that the state will be able to serve every qualified college student seeking assistance under the Federal Family Education Loan program without delays. The $100 billion FFEL program funds popular Stafford and PLUS loans. "