The Kentucky Higher Education Student Loan Corp. has resumed accepting applications for student loans having disbursements after July 1, the company announced Thursday.
The corporation, which also is known as The Student Loan People, announced last month that it was suspending its application process as a result of instability in the capital markets.
Edward J. Cunningham, executive director and CEO of The Student Loan People and the Kentucky Higher Education Assistance Authority, said in a news release that the decision was made to resume accepting applications after conversations with U.S. Department of Education officials, who have promised to furnish capital to student loan providers.
The Department of Education has not said how much money it will give each state to help fund their student loan programs.
The Student Loan People "will continue to assess" whether financing will be available to provide loan disbursements between now and July 1, the organization said in the release.
Source:http://www.bizjournals.com/louisville/stories/2008/05/26/daily27.html
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