Thursday, February 19, 2009

Student Debt Today

Not only to current college students have to deal with finding a job in the crashed economy but also, student bear the burden of paying of student debt.

The Seattle Times recently featured a piece revealing the financial stress among students and lenders in these tough economic times. According to the article, while a large number of student loan lenders have completely stopped handing out loans, the firms that continue to distribute loans have become highly selective in picking students, according to Sally Mae, one of the nations largest student loan lender. Even the federally backed loans are becoming harder to get in this economy.

Both student's and the jobs of lenders are feeling the pressure in this economy, hopefully a new bailout plan will promote lenders enough to once again support students in pursing their education.

If you too are feeling the burden of paying off student loans visit this website which features helpful tips.

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