Tuition Ammunition: a Happy Lesson on Lending
by Robert Tomsho
Despite a massive federal effort to aid banks and boost the economy, lending has plunged in the last year. Home-mortgage volume and bank loans to big companies are down dramatically. But the government's response is expanding credit in at least one sector: higher education. Although the recession is weighing on colleges in many ways, the ability of students to get federal loans to pay tuition isn't one of them.
The Wall Street Journal, 1/6/2009