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Higher Ed in the News

State providing $30M loan to CollegeInvest

January 7, 2009

The state of Colorado is providing a $30 million loat to CollegeInvest so students can take out federal loans for college next school years.

The stock-market decline has hit student-loan lenders hard, and Colorado State Treasurer Cary Kennedy said she wanted to make sure students had access to college through federally funded loans.

CollegeInvest is a division of the Colorado Department of Higher Education. More than 60,000 Colorado students obtain loans through CollegeInvest and other private lenders.

CollegeInvest has not been able to raise sufficient money to meet loan obligations for the upcoming spring semester, state officials said.

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Read the full story in the Denver Post.