Credit is retracting in nearly every sector - home mortgages are dwindling, business loans are down, car loans are non-existent. But there is one area in which credit has actually expanded: Government-backed, higher education loans. The total number of student loans made in 2008 is up 18.6% from 2007, according to an article in today's Wall Street Journal. Home mortgages, on … [Read more...] about A Silver Lining for Students: More Federal Student Loans Are Available
federal student loans
What You Need To Know About Repaying Your Student Loans
For those of you whom graduated this past June, the grace period on your student loans is coming to an end. Starting in January, you will be responsible for paying back the principle and interest of your student loans every single month, faithfully and on time, until they are paid off in their entirety. It's a weighty responsibility, but there are a few things you need to … [Read more...] about What You Need To Know About Repaying Your Student Loans
Student Loan Industry May Get Influx of Funds From Federal Government
November 13, 2008 by Mara Strom Treasury Secretary Paulson spoke yesterday morning at a press conference about the status of the $700 billion federal bailout of the banking industry. Paulson said that while the original plan was to focus on the failing mortgage industry, the Treasury Department will now be expanding the scope of Troubled Asset Relief Program (or TARP) to … [Read more...] about Student Loan Industry May Get Influx of Funds From Federal Government