SOURCE: Edvisors

April 15, 2008 12:24 ET

Industry Experts Answer Questions About Student Lending Crunch

Hundreds of Students, Financial Aid Officers Tune In

QUINCY, MA--(Marketwire - April 15, 2008) - How will you pay for college in uncertain times? On April 9, the Student Loan Network hosted a live Round Table Conference with financial aid experts to answer that question and many more. Christopher Penn, producer of the Financial Aid Podcast and panel moderator, said, "I'm deeply impressed with the financial aid community leaders who participated in this discussion. They answered some of the toughest questions about financial aid. I only wish we had time to address the more than 1,400 questions students and families asked in advance of the show."

Some tips for students and their families to help with paying for college discussed during the Round Table:

--  Be diligent about searching for scholarships. A great place to start
    is the free Scholarship Search Secrets eBook at
--  Work now to secure the funds you need for next year. Start with
    Scholarships, Grants and Federal Loans before seeking other student loans. is a great place to start -- you can earn points
    towards monthly $1,000 scholarships.
--  Borrow responsibly, and don't borrow more than you can pay back.
--  Work with your financial aid officers; they can often help if you just
    meet with them face-to-face.
--  If you are falling short of the funds needed, consider community
    colleges and state colleges, which offer great programs at a fraction of
    the cost of private school.

Panelists included:

--  Justin Draeger, Assistant Director of Communications for the National
    Association of Student Financial Aid Administrators (NASFAA);
--  Gail Holt, Mt. Holyoke and MASFAA President-Elect
--  Maria Koklanaris, reporter for Higher Education Washington, Inc.
--  Susan Mead, director of Financial Aid at SUNY Dutchess Community
    College in New York State and a 26 year veteran of the financial aid
--  Shelly Saunders, VP of Strategic Services at loan guarantor American
    Student Assistance (ASA).

For more tips, resources, and answers to other questions, and to access a recording of the event, visit

About Student Loan Network

Student Loan Network is one of the nation's fastest growing providers of student loans and related information. For more than ten years, we have helped students and their families access federal and private student loans, scholarships and consolidation funding for undergraduate, graduate and continuing education. To help make the confusing and stressful financial aid process easier, the Student Loan Network also delivers helpful resources, including the award-winning Financial Aid Podcast, a multitude of financial aid-related blogs, the monthly Financial Aid Newsletter, free eBooks, and valuable content. Each year, more than 5 million students, parents, and financial aid officers make the most of their education experience through our loan products and free resources.

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