By Nick Anderson. The leaders of Morgan State, Bowie State, Howard and eight other historically black universities warned President Obama last month that new limits on federal lending to parents would produce a “devastating impact on student enrollment” in the coming school year.
The university leaders asked the president, in a letter dated July 30, to reverse a step the administration took in October 2011 to tighten underwriting standards for parent loans. Low-income parents shut out from federal financing, they said, would be unable to pay college bills, forcing many students to withdraw from school. More...

Canadian post-secondary students are relying less on college savings or their parents to pay for school, and more on loans. 
The average Canadian student expects to graduate $26,297 in debt. That's because they don't have savings and their parents either won't, or can't, fork over the cash for college. 
In 2012, 52% of students were getting money from their parents. That dropped to 44% in 2013, according to an annual survey by the Bank of Montreal. While 62% relied on their own savings in 2012, that's down to 58% this year. And 55% are turning to loans, up from 49% last year. Read more...