As usual sources of financial backing dry up, Illinois and North Carolina loan providers work with state credit unions to ensure continued flow of funds to student borrowers.
After months of relative silence on student loans, New York's attorney general reaches settlements with lenders (valued at $1.4 million) over their marketing directly to borrowers.
Congressional leaders agree to extend for a year the "temporary" law that has been credited with ensuring availability of federal student loans.
Proportion of 2006 borrowers who failed to repay student loans grew, with career institutions leading the way.
Long-simmering tension between state student aid commission and its student loan subsidiary boils over into accusation of federal rule breaking.
As economy takes a dive, students are applying for financial aid in greater numbers, leading to reported shortfall in Pell Grants.
In response to student loan crunch, Spelman College pioneers new initiative to help students at risk of not graduating because of serious financial shortfalls.
Federal appeals court sides with student loan borrower in bankruptcy fight with the country's biggest loan guarantee agency.
46% of private colleges report that some students have "stopped out" of school or shifted to part-time study because they could not get private loans to pay tuition.
Education Dept. plans to replicate existing programs to ease flow of funds to students and colleges, and add a third to try to ease choked credit markets.
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