Students in Harrisburg, PA are no longer able to borrow money from the state for college. Private lending instations after March 7 will be the new source of funding for Pennsylvania students. The bond market hit hard from the national sub-prime mortgage lending has led to the state no longer being able to lend funds. The state lending program currently provides funds for more than 500,000 students statewide. This is yet another example of how college tuition continues to be effected by poor leadership and decision making. Now those needing funding for school (nearly half a miliion) will be forced to go to private lenders and pay slightly more. Article
