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Posted: 10:33 PM Nov 12, 2008
Student Loans To Get a Boost From Bailout Plan
Originally, lenders bundled student loans and private investors would buy them. With a toxic economy, investors have shied away from buying up these loans.
Reporter: Ryan DearboneEmail Address: ryan.dearbone@wbko.com |
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3 Comments WBKO Features
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I am almost out of time on my deferrments and as a single mom paying rent I can't afford to pay even the minimum of $200/mo on my loans. If I do that my child and I would have to live out of my car. What about us?
What is going on in washington? Giving students money for loans? Please if they need money then let them work for it. I never got a loan nor a grant for my education. I worked. The public was led to believe that money would help the economy. But instead it has helped failing companies who give wild parties and million dollar bounces to the top exces. An now they want to help credit card compaines. Well we all know how credit card compaines stick it to their customers. And then the auto market wants some of it. I say NO MORE. Pull the plug on this bail out before it gets out of control any further.
thats is a great concept to aid those wanting student loans, but what does that do for the ones that have already graduated and are trying to carry a 35-40k student loan. I dont know about you but $400 a month to pay it back is pretty steep.