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As traditional lending sources such as banks and government agencies pull back, a growing number of peer-to-peer lending sites are entering the student loan market, BusinessWeek reports. Because of the credit crunch, conventional lenders are making it tough for any but the most creditworthy borrowers to qualify for private college loans. Now, a new breed of student lender is trying to get students to return the snub--by writing off the Sallie Maes and Citibanks of the world in favor of relying on friends, family, and even perfect strangers to finance their college loans. "It's not a solution to the credit
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