Growing Market for Loans

The student loan industry has historically focused on students at four-year institutions, since community colleges tend to have low tuition rates and their students have less need to borrow.
That is starting to change. Sallie Mae is today announcing a major campaign in which it will offer two new loan programs for students at community colleges, and a set of financial services for the institutions themselves. Sallie Mae will also be pushing the new programs at the American Association of Community Colleges meeting, which starts tomorrow in Boston.
Officials of the company say that the new loan programs were designed to make up for gaps in traditional loan programs, and to reflect changes in community college costs. Even though community colleges remain much less expensive than other sectors of higher education, many two-year institutions have differential tuitions in which selected programs can cost more than twice the base tuition rates, and students in those programs in particular may need more sources of funds.

Full Story: http://insidehighered.com/news/2005/04/08/ccloans