Probably the first thing that anybody with a student loan outstanding wants to know is, “Will my loan be in jeopardy because of the recession?”
The short answer is “No”. The current downturn in the economy is unlikely to cause any real issues for students, because of the preventive measures already in place. After all, one of the quickest forms of suicide a government could do is cut funding for education during a recession, since students are tomorrow’s workforce which companies will need to employ if they hope to do better in the future. Read the rest of this entry »
With all the turmoil happening on Wall Street, getting a loan may not be easy at all. What you are experiencing today is a mortgage crisis never seen in decades.