Credit Crisis Kills Your Kid's College Loan

How is that for a reason as to WHY YOU CARE about the business pages? Lending institutions feeling the pinch are now deciding to not lend to some four year colleges and community colleges. Result? Well, for example, say you are an honor roll high school graduate in California that can get into pretty much any school you want but decides to do two years at a community college knowing you can then move on to a UC and come out with thousands upon thousands of dollars of less debt at graduation... Now you are going to have to get a second or third job while you are at that junior college because you have no access to a loan. This, like the mortgage crisis has been percolating for a bit. The business pages might not be the front section of the paper or the lead on the local news, but at the end of the day it is the difference between owning a home or not. Going to school or not. Making more money or not. Having healthcare or not. The New York Times' Jonathan Glater deserves credit for not only writing about this, but writing about it for a general news audience. You need to read this. There's going to be more on this, and this article is an excellent starting place.