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Credit Crunch Cuts Student Loans

It won't be welcome news for thousands of college students and their parents counting on getting a loan to pay tuition bills this fall.

The non-profit state agency the Massachusetts Education Financing Authority has been hit hard by the tightening in global credit markets.

For more on how severe is the problem, we're joined now by MEFA executive director Thomas Graf.

This program aired on March 5, 2008. The audio for this program is not available.

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