Tuesday, November 25, 2008

For Financial Aid Students...
The Financial Crisis and its Credit Crunch may have limited Lenders this Semester for Financial Aid, but Washington D.C. is in the process to shore up credit for continued student lending....

U.S. Government Intervenes, Again, to Shore Up Student Lending
Washington — In a move aimed at increasing the availability of consumer loans, the Federal Reserve Bank announced today that it would lend up to $200-billion to financial institutions that hold securities backed by student loans, auto loans, and credit-card debt.

From the Chronicle of Higher Education News Blog...(Click to read more)