February 27th, 2009, 7:07pm
February 27th, 2009, 7:22pm
Interesting. I think its incredibly reassuring for kids who depend on loans to be in schools. I know I've been terrified of what would happen if more companies dropped out of the student loan business. I had to switch lenders this year because THE stopped lending for a large span of time. I've been with them since 2000. I can't imagine what I'd do if all of a sudden I couldn't get my loans to finish medschool. I'd be left with hundreds of thousands of dollars in debt, years of lost earnings and no degree to show for it.
February 27th, 2009, 11:45pm
I think loans will be more affordable if they cut out the middleman. I bet the lobbyista are on this one as we speak.