NAICU - Recession Imperils Loan Forgiveness Programs

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Recession Imperils Loan Forgiveness Programs

New York Times

May 27, 2009

Typically founded by their states to help students pay for college, the state agencies and nonprofit organizations that make student loans and sponsor these programs are getting less money from the federal government and are having difficulty raising money elsewhere as a result of the financial crisis. Curbing the programs will make it harder to lure college graduates into high-value but often low-paying fields like teaching and nursing.

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