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Are education loans effected by our economy problems as well as home loans and car loans?
Posted by James on February 21, 2009 in Home Loans | ∞
sassy sista
I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.
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I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.
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If you are getting state or federal grants for school….no. The federal monies for education would have to be acted on by congress if they were to change and about the same for state monies. These monies are already approved.
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Yes..
I was listening to an NPR podcast about this. Lending is getting stingy all around which means harder to get and higher interest when you do get it.
The FED thinks it’s making things better by lowering the prime interest rate, but all they are doing is catering to the stock market crowd. What truly needs to be done is to raise the interest rate to encourage you and me and businesses to save money and get a higher return. What the FED is doing now is going to ruin us even further I bet.
Will post a link to the podcast shortly.
The return on your college education depends on what you are doing for your major. BA… may be difficult. BS degrees will probably get good returns.
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