Upward of 50 lenders have announced in the past few months that they will no longer make student loans. The nation’s credit crunch simply doesn’t make those and many other loans profitable, according to a number of lenders.

And though there are about 2,000 lenders still offering federally backed and private loans, the U.S. House sprang into action late last week, approving legislation that would allow the federal government to advance funds in the event of a shortage of financial aid for college students.

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Credit crunch puts some student loans in jeopardy