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November 21, 2008 9:55:42 AM CST


college loans

college loans news stories

3 Stories

 Dear Mom, Dad: 
 Please Send Bailout 

Parents face tough choices as debt-ridden kids struggle to find work

(Newser) - The families of many debt-laden college graduates are pondering bailouts of their own as the job market sours, the Wall Street Journal reports. With the average student loan now $22,000, parents of some struggling grads face a tough choice—to let their kids learn a lesson about credit the hard way, or to give them a helping hand and a lecture. More »

More about:  parenting debt credit card student loans college graduates college loans student debt

 More Lenders
 Dropping
 Student Loans

Some 900,000 students scrambling for alternate ways to pay tuition this fall

(Newser) - Continuing turmoil in credit markets has prompted more private lenders to cut back or eliminate education loans, leaving thousands of student borrowers without the cash they need for college, reports the Wall Street Journal. Last week Wachovia joined more than 2 dozen banks that have cut funds available to students, as investors have backed away from the notes they use to raise capital. More »

More about:  credit crisis Wachovia student loans lending practices college loans

Credit Crunch Extends to Student Loans

Investors balk on bonds key to students, museums, cities

(Newser) - A huge new group of borrowers—from students to museums to local governments—are about to find their credit drying up, as the subprime meltdown that has already cost banks $100 billion continues to spread, reports the Wall Street Journal.   In the last few days, investors have backed away from buying something called auction-rate bonds, which in turn caused the Michigan's student loan authority to stop making loans yesterday. More »

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