Students Feeling Economy's Crunch
Nick Perry,
Seattle Times,
Oct 09, 2008
"Companies have been walking away from students at a remarkable clip due to the credit crisis. In all, 36 lenders have suspended writing private student loans over the past year, according to FinAid.org, a Web site that tracks the industry." This will have a significant impact on an industry that basically runs on student credit. And governments will be increasingly reluctant to fund what amount to social clubs for the rich. the time for a separation of learning and assessment may be nigh - which would spell an 'instant crisis' for traditional educational institutions (and a boon for alternative and online institutions).
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