POLITICAL CORRUPTION EDITION

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Breaking News

Federal student loan market gets more help

@ October 12, 2008 # No Comment Yet

On 10/10/08, Treasury Secretary Paulson and Education Secretary Spellings declared that they would take steps to support the student loan market, which has been devestated by the overall credit tightening by US lenders.
Bush recently extended the Ensuring Continued Access to Student Loans Act, which allows use of federal funds to ensure access to student loans. [...]

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Families forced to bail out their own students

@ October 12, 2008 # No Comment Yet

Two-thirds of college students in the United States have to borrow to complete their education. The average loan is now $22,000; many have credit-card debt as well.  As the job market for new college grads has shrunk, it is expected that defaults on student loan payments will rise. This is not a great way for [...]

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