The Student Loan CRUNCH

With more than 60 lenders leaving the federal student loan market, and private lenders tightening lending criteria or walking away from the business altogether, parents and students are facing what one expert called a "credit crunch and college financing storm."

Over the years, many parents have come to rely on private loans to close the gaps in student aid packages, with private loans accounting for 20 percent of all education borrowing.

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