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December 2, 2008 10:26:12 PM CST


student debt

student debt 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 »

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ANALYSIS

$700B Goes a Long Way
in Space—and on Earth

Bailout bucks could fund 7 space stations, pay salaries for 16M teachers

(Newser) - With the Treasury Department now in charge of figuring out what holes to plug with its $700 billion in bailout bucks, the San Francisco Chronicle takes a look at what else that money could do. Some highlights: Hire 16,062,414 public-school teachers. Pay the average weekly wages of 22 million Americans for one year (based on Department of Labor’s figure of $612 per week). More »

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have already abandoned the student market, and those rates will rise even faster, the Washington Post reports. More »

More about:  credit crisis subprime crisis education college debt university federal loans college costs student debt Stafford loan

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