June 13, 2008

Private-Loan Reliance Worries Colleges

By PAUL BASKEN

At many colleges across the nation, as administrators fret about the effects of a worsening economy, students arriving this fall will get more help securing jobs and more advice on paying for their educations. Some students will even find colleges willing to cut their tuition bills.

Yet as banks tighten standards for private college loans, families and institutions remain uncertain about whether such incremental steps will be enough to keep large numbers of students from bailing out.

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