WKU COMMITTED TO EXPLORING OPTIONS IN STUDENT LOANS  

BOWLING GREEN, Ky. – Regulatory changes combined with the recent status of the credit industry have prompted some lenders that traditionally provided funding for the Federal Family and Education Loan (FFEL) Program to examine their benefits offered and their capacity to continue to finance such loans in the future.  Most recently the Student Loan People, a significant provider of loans in Kentucky, has temporarily suspended making loans to first-time borrowers beginning May 1, 2008.

While this change in the lending industry is unfortunate and untimely, Western Kentucky University is committed to exploring all lending options in an effort to ensure access for those students and parents in need of loans, according to Cindy Burnette, WKU’s director of Student Financial Assistance.  “Aggressive efforts are in place to evaluate the lending capacity of various lenders as well as the borrower benefits being offered,” she said.   “We at WKU are confident that an adequate selection of lenders will be identified to accommodate the financial needs of its current and prospective students.”

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