NAICU's University & College Accountability Network

University of Chicago cuts ties with state lender amid market flux

Chicago Tribune

July 2, 2008

Thousands of University of Chicago graduate students will have to scramble for new federal and private loans after the university alerted them Wednesday that it will no longer work with the state's loan agency. The disruption comes after the university decided to drop out of the "school-as-lender" program, an option allowed by the federal government in which colleges and universities directly lend money to students by working with a bank or other lender.

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