SOURCE: ALL Student Loan

June 09, 2008 10:00 ET

Is College Access in Jeopardy for California Students?

Hearing to Explore Impact of Credit Crisis on Student Lending

LOS ANGELES, CA--(Marketwire - June 9, 2008) - In recent months, the credit crisis and reductions in federal support for student loans have caused more than 100 lenders to reduce or eliminate their loans to students. In California, these lenders represent over $1 billion in federal student loan volume.

Quentin Wilson, President and CEO of ALL Student Loan, will discuss the problem, its potential impact on California students, and efforts to find solutions in testimony before the California State Assembly on June 9.

In his testimony, Wilson will emphasize the need for all interested parties -- policymakers, educators, and the private sector -- to unite and provide California students and families with the financial and other resources needed to succeed in education beyond high school.

          "Impact of Credit Crisis on Student Lending Market"

                        Joint Informational Hearing
                    Assembly Banking & Finance Committee
                    Assembly Higher Education Committee

                        California State Capitol
                              June 9, 2008
                          2:00 p.m., Room 437

About ALL Student Loan

ALL Student Loan (www.allstudentloan.org), California's largest nonprofit student lender, is dedicated to providing resources and programs for students and families so they can succeed in education beyond high school. Since 1980, ALL Student Loan has made more than $4 billion in affordable financing available to over 400,000 borrowers.

Contact Information

  • For more information:
    Joseph Booth
    (310) 242-8870 o
    (310) 710-2007 c

    6701 Center Drive West
    Suite 500
    Los Angeles, CA 90045
    www.allstudentloan.org