Major Banks Back Away from Loans to Community College Students

Note: The Black on Campus blog has now moved to blackoncampus.com. This is an excerpt. Read the entire post at Blackoncampus.com.

Today’s New York Times reports that the current credit crisis has triggered an unprecedented retreat from community colleges by several of the nation’s major banks. These banks include Citibank, JP Morgan Chase, SunTrust and PNC. Banks have also begun to drop certain 4-year institutions, including less competitive and for-profit schools…

[Read the rest of this post at Blackoncampus.com]