Agency Says Student Loans Will be Available

By Beacon Staff

HELENA – A lending group says that student loans will be available as usual this fall despite ongoing turbulence in the credit markets.

The Montana Higher Education Student Assistance Corporation says that the Student Assistance Foundation and the Montana Guaranteed Student Loan Program are ensuring access to the loans.

The group says it remains committed to its goal of making sure teh credit is available to Montana students. The organization provides more than $120 million in loans for more than 20,000 Montana students.

Disruption in national financial markets, beginning in 2007, crippled the auction bond market and compounded challenges in the student-loan arena. MHESAC had used auction bond markets as its primary financing vehicle.

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