Some of the United States’ biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive schools, even as they continue to extend government-backed loans to students at eh nation’s top universities.
Citibank has been among the most active in rebuilding the list of colleges it serves. JPMorgan Chase, PNC and SunTrust say have not dropped whole loan plans, but are cutting colleges. Some less-selective four-year colleges, like Eastern Oregon University and William Jessup University, say they have been dropped by some lenders.
The practice suggests that if the credit crisis and poor conditions in the student loan business continue, some of the nation’s neediest students will be hurt most. The difficulty of borrowing money may keep them from attending school or force them to take a semester（学期） off. For those who have got student loans, they will end up with less attractive terms and may run a greater risk of dropping out if they have to change lenders in the middle of their college year.
Tuition and loan amounts can be quite small at community colleges. But these institutions, which are a stepping stone to other educational programs or to better jobs, often draw students from the lower ranks of the economic classes. According to the most recent data, about a third of US graduates took out loans, a majority of them guaranteed by the government.
“If put too many obstacles in their way to get a loan, they ’ll take a third job or use a credit card,” said Jacqueline K. Bradley, assistant director for financial aid at Mendocino College. “That almost guarantees that they won’t be as successful in their college career.”
Some loan companies have stopped the students loan business entirely, viewing it as unprofitable in the current environment. Students attending first-class, expensive, public and private four-year universities can expect to remain plentiful. The banks generally say these loans are bigger, more profitable, and less risky, perhaps in part because the banks expect graduates from these universities to earn more.
So far, financial aid administrators say they have been able to find some lenders that students can switch to, but this is costly to students--- in money and time.
59. Who will be the most upset at the news?
A. A poor students at a top university. B. A poor students at a community university.
C. A bank clerk dealing with student loan business.
D. A teacher from a for-profitable university.
60. With too many obstacles in their way to get a loan, students will probably __________.
A. switch to top universities B. cancel their credit cards
C. fail in their exams D. win a scholarship
61. When they say something is “government-backed”, you mean it is ___________.
A. guaranteed by the government B. dropped by the government
C. against government D. for government
62. What is the best title for the passage?
A. The students loan business in America. B. Banks and universities in America.
C. Student loans start to drop colleges. D. Credit crisis starts to affect loans.
