Students wisely turn from private loans

By Michelle Singletary, Washington Post, Sunday, October 25, 2009  

I can’t stand debt, and one of my missions in life is keeping people from borrowing beyond their means.

So I take it as good news that private student loans are declining fast. According to a new report from the College Board, the amount of nonfederal education loans in 2008-2009 dropped by almost 50 percent from the previous school year and fell to 13 percent of the market from 25 percent a year earlier. (MORE)