Guidant Financial Group Blog

It was only a matter of time, but student loans have been the latest victim of the credit crisis. According to The Wall Street Journal (see Credit Crunch Hits Private Student Loans), both lenders and insurers of private student loans have been running into a lot of trouble lately. Sandy Baum, senior policy analyst for the College Board, the nonprofit entity that administers the SAT admissions test, is quoted as saying "Private loans are going to clearly be harder to come by for many students.”

This may mean individual lenders will be entering the private student loan business, as they have in the mortgage industry due to the credit crisis. We have definitely been receiving an influx of calls about private lending with your self-directed IRA, maybe we’ll be receiving more now!