Subprime Troubles Affect Student Loans

Thursday, February 7th, 2008 No Comments

Subprime Trouble Effects Student Loans

According to FinAid, the leading guide to financial aid, students relying on college loans will soon feel the negative effect from the subprime mortgage crisis.

Subprime borrowers will not only have more trouble securing a student loan, but all student borrowers will be subject to stricter lending practices such as higher credit scores needed to secure student loans. Those loans will also be tied to higher interest rates. Read more…

Posted under Financial News Tags: FinAid, interest rates, Sallie Mae, student loans, subprime

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Subprime Troubles Affect Student Loans

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