Wyoming: WyoLoan to Suspend Practices in March (Casper Star-Tribune)
"The Cheyenne-based non-profit Wyoming Student Loan Corporation will suspend making new loans indefinitely starting in March as it eyes legislation that would put the government in charge of all federal student lending," the Casper Star-Tribune reports. "Also known as WyoLoan, the corporation announced in a media release Friday that it won't give out any loan money to students or parents after March 31. Until then, WyoLoan will continue to fund loans it has already approved, the release stated. WyoLoan, like other private student loan lenders around the country, administers public college loans that are subsidized by taxpayers. WyoLoan relies on current loan receipts to fund future student loans. But that business model may soon be out of date, thanks to legislation passed by the U.S. House of Representatives last month that would have the government administer student loans directly, taking private lenders like WyoLoan out of the picture."
You can read the complete Oct. 25, 2009 Casper Star-Tribune article on-line.
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