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The credit market crisis is spreading to student loans. More than 50 firms have abandoned or cut back their federal or private student loan programs this year, unable to raise money in the financial markets. Citigroup, one of the largest private lenders, has said it would stop lending at some schools and end its federal loan consolidations.
Links:
[1] http://www.boston.com/business/personalfinance/articles/2008/04/17/credit_crisis_hits_student_borrowers/