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Banks step up Fed loans, investment firms scale back (AP via Yahoo! News)
Posted: May 29th, 2008, 6:38pm CDT
The Federal Reserve's emergency loans to banks climbed to the highest level on record even as Wall Street investment companies scaled back their borrowing. -
Editorial: Legislators Overlooked Options In Rush To Fix Student Loan Crisis (CBS News)
Posted: May 29th, 2008, 6:18pm CDT
Credit is notoriously hard to come by, and the market for student loans is no exception. Many companies were thinking of getting out of the market. Last week, however, Secretary of Education Margaret Spellings outlined an industry-rescue plan to encourage lenders to stay in the program. The education secretary will be required to purchase any loans presented to the department by private lenders. ... -
If You Have Student Loans, Read This (TheStreet.com)
Posted: May 29th, 2008, 5:40pm CDT
Rates are changing on education loans, some for the better -- but borrowers need to act at the right time. -
Student Loan People resumes accepting applications (Business First of Louisville)
Posted: May 29th, 2008, 1:58pm CDT
The Kentucky Higher Education Student Loan Corp. has resumed accepting applications for student loans having disbursements after July 1, the company announced Thursday. -
State approves student loans line of credit (NWAnews.com)
Posted: May 29th, 2008, 7:35am CDT
The state Board of Finance signed off Wednesday on granting a line of credit of up to $80 million to the Arkansas Student Loan Authority to make sure Arkansas college students can obtain loans through the authority. (Arkansas Democrat-Gazette Northwest Edition) -
Student loans get tighter as credit crunch worsens (Worcester Telegram & Gazette)
Posted: May 29th, 2008, 3:35am CDT
How bad is the student-loan market, really? That depends on who you are.