Private Loans for College Get an F
Thursday, September 18th, 2008In happier economic times, college students didn’t sweat renewing their school loans each year. But with the recent market catastrophe spelling even more trouble for the country’s incredibly shrinking housing market, student loans are also feeling the crunch, too.
An article on CNN today spotlights a Georgia State student who found out at the very last minute that his private loans from My Rich Uncle fell through, so he had to find other ways to finance his senior year, including cashing in his savings.
This is going to be a recurring theme for many students, who are finding that their federal loan options are running out and they will have to turn to other forms of funding.
Have you thought about alternative ways to finance your education? Let us know what you’re thinking, and as always, bring your questions to us!
