July 30, 2014
Administrators at small colleges in northern Nevada say students still have loan options despite a decision by some of the nation's largest banks to discontinue federally backed loans.
Representatives of Truckee Meadows Community College in Reno and Western Nevada College in Carson City say while some lenders have stopped providing loans, others continue to do so.
About 6.5 million students, or more than 40 percent of the nation's undergraduates, attend community colleges in the United States.
Some banks are discontinuing backed loans to community college students because they are less profitable and more risky.