The tightening in the student loan market continues: The New York Times reports that an increasing number of lenders are declining to offer loans for community colleges, presumably because the small denominations do not justify the costs of servicing. With more than 40% of undergrads attending community colleges, some are worried.

But here's the thing: while this might put off some students, I seriously doubt that it will deter the students who have the dedication to complete an Associate Degree. Community college just isn't that expensive, and the average student loan amount for these schools is about $3,200 per year, according to the College Board. Most people can find an extra $3,200 per year. Working an extra shift or two each week at a grocery store would do the trick. Or students could, gasp, drink a little less and sell old video games on eBay.

And here's the best part: students who are forced to work harder because they can't get loans will graduate debt-free which, as anyone struggling under the weight of tens of thousands in debt will tell you, is something to strive for.

Many students take out loans as a choice rather than a necessity. The continued tightening of the debt market for college students will force students to make better financial decisions, leaving them far better off in the long run.

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