April 4 (Bloomberg) -- The collapse of the $330 billion auction-rate securities market has brought debt sales by U.S. public student-loan agencies to a halt.
No municipal bonds backed by student loans were sold in the first quarter, the first time that happened in almost 40 years, according to Thomson Financial.
The squeeze means students and parents have fewer options to fund college educations. University financial-aid offices are scrambling to update lists of active lenders and help students find less costly private loan alternatives, said Phillip Day, head of National Association of Student Financial Aid Administrators in Washington ...
When did student loans become a bad investment? Is someone expecting most graduates to be unemployed and insolvent in a few years' time?