College Loans Story aired: Friday, August 15, 2008
It's that time of year when families have to think about paying tuition bills. This year many students who thought they had loans have recently discovered that their lenders have gone out of business. Wachovia is the most recent private bank to leave the student lending business, and here in Massachusetts the State Educational Financing Authority announced last month that it was suspending all of its lending. We speak with Chicago Tribune personal finance columnist Gail MarksJarvis who has some advice for families struggling to pay tuition bills.
