An article in the Minneapolis Star Tribune last week looked at how students in Minnesota might be affected now that student loans are starting to dry up. The article reports that the average student that attends college in Minnesota college carries a debt load of $23,375 -- that's higher than the national average.
The article says not to worry, however:
"There may be fewer lenders, but I'm not in a panic," said Jane Williams, director of financial aid at Concordia. "We still think there are plenty of loans out there. I don't think it's necessary for families to be worried."
Oh good. There are still plenty of lenders out there.
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