No Loans for College - Where Will the Money Come from
The economic slow down in this Country has spread to the college loan market. What has been their for families and students going to college are now not going to be available. The rules are tightening - are they going to qualify today let alone semesters from now?
The student loan programs have been suspended in five state as of this date because the moneys not there for them to fund the student loans. Are the schools getting cheaper - I think not - tuition is out of control and now the lenders are pulling out of the Federal Student Loan program because they cannot raise the funds to create the loans. Less selections or products are going to be there to pay those astronomical price tags! Who can pay the interest rate alternatives out there to keep them in school? Should the Federal Government step in to help those family/Students in need of college financing? This country will be at a significant disadvantage in the future if students are turned away because they cannot pay the entrance fee.
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