The loan crisis hits students
September 17
MEFA again able to offer student loans
The Massachusetts Educational Financing Authority said yesterday that it completed a $400 million bond offering and will now be able to offer student loans for the remainder of the 2008-2009 academic year.
August 19
Student lender replaces its CEO
Struggling student lender First Marblehead Corp. replaced its chief executive with company founder Daniel M. Meyers, despite his resignation from the company in 2005 over lavish gifts to a client's executive.
August 18
Spiraling college costs prompt families to seek aid
Rising college costs are putting the squeeze on family budgets and more people looking to attend college in New Hampshire applied for financial aid this year.
august 14
Student loan authority may not get state aid
Financial help from the state appears unlikely for Massachusetts' student loan authority, which is pressing ahead with efforts to raise money the traditional way - in the public market.
august 14
Many more ask colleges for aid
Facing a sputtering economy and escalating tuition, college students are applying for financial aid in surging numbers, the latest sign of tough times buffeting the nation's campuses.
august 7
A late try to salvage student loans
Governor Deval Patrick has asked the state pension fund to invest $50 million and will ask Harvard University and other colleges to invest millions more to provide loans to families struggling to pay tuition bills.
- Q&A Student loan chat with Betsy Mayotte of American Student Assistance
- archive Senators prod Patrick on student loans
august 3
Latest student aid? Kindness from strangers
Home equity, credit cards, and online borrowing have become more attractive sources of cash for parents trying to pay their children's tuition.
july 31
College families scour for loans
Massachusetts students and parents are scrambling to secure college loans amid turbulence in US credit markets. School officials say families should be able to borrow what they need.
july 29
No funds to lend to 40,000 students
The Massachusetts Educational Financing Authority said it will not be able to provide student loans this fall for the first time in its 26-year history, leaving more than 40,000 families without an important source of tuition funds just weeks before college classes begin.
july 23
Collapse of loan market, change in rules have families scrambling
Maria Ferraguto is finding it difficult to relax this summer. She's too busy figuring out how to pay for her son Michael's senior year at the College of the Holy Cross.
june 25
Strain on all sides as students put off college selections
In one of the most unpredictable admissions cycles in memory, many incoming freshmen are still torn over their college plans. A slumping economy and uncertainty around private student loans have complicated choices.
april 18
Bank of America cuts back on loans
Bank of America Corp. yesterday said it would no longer offer private student loans, adding to the cascade of lenders pulling back in various parts of the college loan market.
April 17
Credit crisis hits student borrowers
Anthony Norton, a junior at the University of Massachusetts in Boston, just learned a tough lesson in economics: The credit market crisis is spreading to student loans.
april 16
Authority will stop offering student loans July 1
The nonprofit Massachusetts Educational Financing Authority, which provides student loans, said it will stop offering federal student loans in July 1.