Last-Minute Student Loans Are Still Available
Legislation passed in the spring appears to be helping students stay in school this fall
Reader Comments
For Profits
The for profit degree mills are robbing taxpayers and cheating students. One positive by-product of credit crunch is that marginal students pursuing virtually valueless degrees at for profit "universities" (term used loosely) with no admission standards will no longer be conned into wasting taxpayer money. This is another example of big business - and in many cases teh big investment banks - making huge profits at the expense of vulnerable students. The other side of the sub prime mortgage fraud is the sub prime student loan fraud - same game. Students/Homeowners assume huge debt they can never possibly pay off trying to buy a dream "marked up" substantially by big corporations - students/homeowners many of whom would never qualify for admission a state or not for profit private school or a legitimate mortgage. To avoid another meltdown the USDOE had better stop propping up for profit "Big Education" or anothe credit meltdown - insured by taxpayers - looms
Question on Stafford interest rate
i thought Stafford interest rate for loans disbursed on or after july 1, 2008 is 6.0% fixed for undergrads and 6.8% fixed for grad/professional students? also, aren't PLUS and Grad PLUS loans fixed at 8.5% for FFELP and 7.9% for Direct Loans? where did kim clark get this data?
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There are very many sources from which students can still obtain private loans (not a "handful" as Becky of NY states). Do your research and speak with your financial aid office for help.
