The
leader of state’s key institution for student loans says the organization is
going through changes in the current financial climate but that it has a solid
financial base.
New Hampshire
Congresswoman Carol Shea-Porter says she finds allegations that banking giant
UBS defrauded the state’s leading issuer of student loans "deeply
disturbing."
New Hampshire securities regulators say they’ll have a major announcement today about
their investigation of a company that underwrites student loans in the state.
Turmoil in the
financial markets has driven many lenders out of the student loan market,
leaving students struggling to pay their fall tuition. That’s a problem that New Hampshire officials are working on.