Colleges must investigate financing options before they are needed by their students and be ready to help students find new and creative ways to fund their education. Tax-exempt financing options, new sources of loan capital, cooperative arrangements with state agencies, and new federal aid are among the possibilities to explore. (Author/MSE)

Borrowing has become the indispensable means for financing higher education, primarily through the Guaranteed Student Loan (GSL) program. The entire structure of expectations that sustains higher education has been transformed by debt, and incentives for borrowers and lenders have created student debt expansion. (MLW)