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State to help issue college loans

State to help issue college loans

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SALT LAKE CITY (AP) -- College students shouldn't have to worry whether student loans will be available for the upcoming academic year.

The Utah Higher Education Assistance Authority says it will use cash reserves to make sure students needing loans can get them.

The assurance comes as banks across the national have said they will stop issuing federally backed student loans. Last month, Zions Bank told state colleges and universities that it wouldn't make federally backed student loans after March 31.


Information from: Deseret Morning News

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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