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Struggling Economy Puts Colleges in a Tight Spot

The economic crisis hit home at Frostburg State University quite suddenly, just as students were arriving for the start of the school year: A lender told financial aid director Angie Hovatter on Aug. 25 that it would not have money for about 200 student loans -- money she thought they were going to...

By Susan Kinzie and Valerie Strauss

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