WASHINGTON — Many college students across the nation will begin to see higher costs for loans this spring, while others will be turned away by banks altogether as the credit crisis roiling the U.S. economy spreads into yet another sector, student lenders and Wall Street firms say.
But most students in Wisconsin won’t feel a thing, university and finance officials said today in interviews.
….The situation in Wisconsin is much better than in many other states, so student loans will not be much of a problem here, according to UW-Madison and Great Lakes Higher Education Guaranty Corp. officials.
Susan Fischer, director of student financial services at the University of Wisconsin-Madison, said today that just 200 students out of about 17,000 who have loans have lenders who will no longer lend.