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The Brian Lehrer Show / June 03, 2008 / Community College Credit Crunch

Community College Credit Crunch

Tuesday, June 03, 2008

The New York Times reports that banks are starting to limit student loans, particularly to community colleges. Anya Kamenetz, Yahoo Finance columnist and the author of Generation Debt: Why Now Is A Terrible Time to Be Young discusses the credit crunch and what it means for students.

Anya Kamenetz' blog
"Student Loans Start to Bypass 2-Year Colleges" (NYT, 6/2/2008)


Comments

  • [1] hjs from 11211 June 03, 2008 - 10:30AM

    when will education become a priority in this country?
  • [2] No Name (please:) from Brooklyn June 03, 2008 - 10:34AM

    I have heard that the TAP loans in NYC will be less or offered no longer...is this true?
  • [3] John Lobell from NY June 03, 2008 - 10:36AM

    hey -- unintended consequences ????

    For years the educational establishment has attacked vocational institutes for their low grad rates -- now the banks are responding and it is a crisis ?????
  • [4] Jack from Tivoli June 03, 2008 - 10:37AM

    Loving all the economic analysis lately; economics is at the core of social issues.


  • [5] David Frank from Pittsburgh, PA June 03, 2008 - 10:40AM

    I went back to school to get my graduate degree. My student loans are currently at 6.8%. With the new rate cut on student loans, will my loan interest rate go down as well?
  • [6] Erin from Manhattan June 03, 2008 - 10:40AM

    [1] hjs - couldn't agree more!

    I was lucky enough to grow up in Canada, where a student could work over the summer months and pay for a year of school, without having to take out a loan. It wasn't until I moved to the US that I had to take out a student loan just to get by. And to think that even this option is being taken off the table! What is a young person supposed to do?
  • [7] megs from Bushwick June 03, 2008 - 10:41AM

    So then as a student what are we supposed to do? I am in the process of trying to find a private loan for graduate school. Where is the best place to look?? What are the things that I should red flag or lenders that I should avoid all together?
  • [8] bob from huntington June 03, 2008 - 10:44AM

    with respect to the cuny student caller: i'm a cuny employee; the (peter) vallone scholarships are funded by the city

This thread is closed.


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