With Americans feeling the pressure from hiring freezes, especially in the financial service sector, The American College announced that it will waive student fees.

It is relief to those besieged by the credit crisis. Certain degrees and designation programs will receive a 20 percent discount, form now until the end of 2008. Those who no longer receive tuition reimbursement are now eligible.

The American College is the nation’s oldest and largest accredited nonprofit institution, geared toward students in security, banking, insurance and accounting services. Annually registering more than 45,000 students, The College is one of the largest education providers, leading to the Certified Financial Planner designation.

For qualified individuals, fees are being waived from the CLU, ChFC, CFP and MSFS programs. Savings range from $125 for the designation programs to $335 for the master’s degree program — the reduction may lead to thousands of dollars in savings.