While looking up some loan info from MEFA (Massachusetts Educational Financing Authority), I spotted a notice on their website that they're suspending all federal education loans (and consolidation loans):

Effective July 1, 2008, MEFA is suspending all Federal education loans, including the Stafford Loan for undergraduate and graduate students, PLUS, and Graduate PLUS. Additionally, effective immediately, MEFA will not accept any new Federal Consolidation applications. The unprecedented disruption in the capital markets coupled with federal changes has prevented MEFA from securing funds for its federal education loan programs.

Audrey and I literally would not have been able to go to grad school without MEFA loans. Certainly illustrative of the widespread impact of the current credit crisis.

BTW, for an amazing look at the reasons we're in this mess, check out "The Giant Pool of Money" from This American Life.