HOW AMERICA PAYS FOR COLLEGE. The Private Credit Marketplace Today. Presented by: Michael Arp VP, Sales November 2008. Financial Markets. Properly functioning credit markets: Vital to the financial health of American consumers, including those in pursuit of a higher education.
HOW AMERICA PAYS FOR COLLEGE
The Private Credit Marketplace Today
Access to funds from which new private credit loans can be made is extremely limited for all financial services companies.
Hundreds of higher education institutions that regularly rely on the availability of reasonably priced credit to finance their day-to-day operations have been unable to access critical short-term funds.
The situation underscores how these difficulties are impacting institutions on multiple levels regardless of their financial soundness or quality.
Fewer private loans are being offered, and where they are being offered, credit criteria has become more stringent
Bank of America
HSBC (Loan to Learn)
Education Finance Partners
Collegiate Funding Services
College Loan Corporation
Campus Door, Inc.
Private Education Loans – Direct MailJune 2006 – June 2008
Completion of FAFSA by Annual Household Income