Cash for college just got tighter

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Hold the pizzas and cancel the beer run: Cash for college just got
tighter.

Last summer, America's ongoing credit crisis hit unsuspecting college
students where they live -- in the private loans they depend upon to
make up the shortfall between what federal student loans and grants
can provide and what mom and dad can afford.

According to student lending giant Sallie Mae, 8 percent of all
students use private loans, averaging $7,694.

says that, "The Student Market for Credit Cards: Issues and Trends,"
by Maryland-based consulting firm Kaulkin Ginsberg finds that more
than two dozen lenders either stopped or cut back private lending to
students last summer.

Dimitri Michaud, Kaulkin Ginsberg consumer finance analyst and author
of the report, spotted the trend while analyzing the accounts
receivables of the lending institutions.