News

Banks Cut Off Wisconsin Two-year College Students’ Access to Loans

by Associated Press , June 5, 2008

Categories:

MILWAUKEE — Several lenders say they will no longer give loans to students at Wisconsin’s 16 technical colleges and 13 two-year colleges.

The decision reflects a national trend among lenders who say loans to students at two-year colleges are not profitable because students borrow less money for less time and thus pay less interest.

College officials say they have been told Citibank and Chase will no longer offer loans to their students. Two other lenders, TCF Bank and Student Loan Xpress, say they are halting all student loans.

Milwaukee Area Technical College’s financial aid director says it has been particularly hard hit. Al Pinckney says AFG Provincial also will stop offering student loans, meaning the school will lose five lenders serving about 5,300 students.

Click here to post and read comments



© Copyright 2005 by DiverseEducation.com

1
Comments posted here may be reprinted in Diverse: Issues In Higher Education magazine, and may be edited for purposes of clarity and/or space.



Story Tools

Print Print
Text Size Smaller | Larger
Email
Share

Related Stories

Popular Topics

- Community College Jobs


FEATURED jobs
Full Time, Tenure Track Faculty
North Seattle Community College

North Seattle Community College (NSCC) is seeking dynamic and collaborative individuals for Faculty positions in Business, Physics, and Visual Arts. These tenure-track positions will be generalists able to prepare and teach courses in their related field.


Enterprise Application Services Business Analyst
Ithaca College

The department of Enterprise Application Services within Ithaca College's Office of Information Technology Services (ITS) invites applications for a Business Analyst position to collaborate with departments across campus to identify, define and document business requirements as part of Enterprise Application Services (EAS)...


Business and Economics Librarian
Cornell University

Requires: Familiarity with software and tools for information management. Excellent communication, presentation, and interpersonal skills. Must enjoy providing services to a diverse audience. Demonstrated initiative and flexibility, and ability to work independently and collaboratively.


Chief Information Officer
State University of New York

The State University of New York (SUNY), the nation s largest and most comprehensive system of public higher education, seeks a Chief Information Officer (CIO). This position is located in Albany, New York at the System Administration of the State University of New York.


Copyright 2012 © Diverse: Issues In Higher Education, a CMA publication.
Cox, Matthews, and Associates, Inc., 10520 Warwick Ave, Suite B-8, Fairfax, VA 22030