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Credit Crunch Impacting College Students
   posted 7:12 pm Thu November 06, 2008
abc27 News - Credit Crunch Impacting College Students
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Lebanon, Pa. - How are local students affected by the credit crunch?

College administrators say it's not just the mortgage industry that's financially strained - college loans aren't so easy to come by.

"Where we're seeing changes is with the alternative loan or with the private loan products. We're seeing some pricing increases with credit and some tightening of credit restrictions," said Kendra Feigert, the Director of Financial Aid at Lebanon Valley College.

Students also say they're watching what they spend. Some say they don't go out as much and others are unsure whether or not their loans will come through.

Student administrators at Lebanon Valley College are reaching out to the student body, encouraging students to come forward if they need help.

"We go out of our way to talk with students that are experiencing the angst of how do I pay for this," said Bill Brown, Vice President of Enrollment. "The president of the college has written to the student body informing them and reaching out through our faculty."

Scholarship opportunities are one option for students. The government may also be able to help, but for now it's a wait-and-see situation.

 

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