http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/tags/U.S.+Treasury/default.aspxTags: U.S. TreasuryenCommunityServer 2.1 SP2 (Build: 61129.1)http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/04/21/680.aspxMon, 21 Apr 2008 21:50:00 GMTc0b53b60-afea-4997-819f-3c9f67288b0a:680Student Loan Girl0http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/comments/680.aspxhttp://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/commentrss.aspx?PostID=680<P style="FONT-SIZE:10pt;MARGIN:0in 0in 0pt;FONT-FAMILY:Verdana;">Citing ongoing fallout from the national capital market crisis, Kentucky officials announced the state’s student loan agency will stop making student loans to first-time borrowers beginning May 1 until it can secure additional financing, according to an article by Nancy C. Rodriguez in the <EM>The Courier-Journal</EM> (“<A class="" title="The Courier Journal: State to Suspend Student Loans to First-Time Borrowers" href="http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20080418/NEWS01/80418005/1008" target=_blank>State to Suspend Student Loans to First-Time Borrowers</A>,” April 18, 2008).<BR><BR><A class="" title="The Kentucky Higher Education Student Loan Corp." href="http://www.studentloanpeople.com/" target=_blank>The Kentucky Higher Education Student Loan Corp.</A>, also known as The Student Loan People, will continue to make student loans for its returning borrowers based on the availability of funds.<BR><BR>In the meantime, the student loan company has asked the <A class="" title="U.S. Treasury" href="http://www.ustreas.gov/" target=_blank>U.S. Treasury</A> to allow the <A class="" title="Federal Financing Bank" href="http://www.treas.gov/ffb/" target=_blank>Federal Financing Bank</A> to temporarily help the state fund new student loans until confidence in the market is restored.<BR><BR>A few months ago, the state also announced it would be phasing out three loan-forgiveness programs for health care, education, and public prosecutors due to federal cutbacks and overall market instability.</P><BR><BR> <div class = "shareblock"><strong>Share this post:</strong> <a href = "mailto:?body=Thought you might like this: http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/04/21/680.aspx&amp;;subject=Kentucky+Lender+Puts+Brakes+on+Student+Loans+to+New+Borrowers" target="_blank" title = "Post http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/04/21/680.aspx"><img src='/student-loan-blog/Themes/default/images/envelope.gif' border='0' /> email this</a> | <a href = "http://del.icio.us/post?url=http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/04/21/680.aspx&amp;;title=Kentucky+Lender+Puts+Brakes+on+Student+Loans+to+New+Borrowers" target="_blank" title = "Post http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/04/21/680.aspx"><img src='/student-loan-blog/Themes/default/images/delicious.gif' border='0' /> del.icio.us</a> | <a href = "http://reddit.com/submit?url=http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/04/21/680.aspx&amp;title=Kentucky+Lender+Puts+Brakes+on+Student+Loans+to+New+Borrowers" target="_blank" title = "Post http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/04/21/680.aspx"><img src='/student-loan-blog/Themes/default/images/reddit.gif' border='0' /> reddit</a></div><img src="http://www.nextstudent.com/student-loan-blog/aggbug.aspx?PostID=680" width="1" height="1">collegecollege loanscredit crisiscredit crunchFederal Family Education Loan ProgramFederal Financing BankFFELPKentucky student loansLoan ForgivenessNancy C. RodriguezNextStudentprivate student loansstudent loan crunchstudent loansThe Courier-JournalThe Kentucky Higher Education Student Loan Corp. The Student Loan PeopleU.S. Treasury