With Funds Tight, College Students Get Creative

E-mail pleas, peer lending, and a new pay-for-grades site are supplementing traditional college funding plans

After accepting admission to New York University for this past fall, Max Stephenson started searching for loans. Then living in rural Tewksbury, N.J., the 18-year-old had little savings, and his parents couldn't afford NYU's hefty tuition, which this year hovers around $50,000 when you include room and board.

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