Changes in the student loan industry

A recent article detailed the current state of the student loan industry in relation to the credit market turmoil and also what it all means to current and potential student loan borrowers. It is a must-read for anyone currently seeking student loans.

Many lenders are currently cutting back on all or some of their student loan offerings, tightening their credit standards and/or raising interest rates. Some of these moves are directly connected to the state of the credit market at the present moment. All in all, it is getting tougher to find funding and options are getting slimmer.

See full article: Navigating student loans tricky in the wake of credit crunch

If you are currently seeking student loan funding or will be in the near future, it is recommended to stay on top of the situation by following the news and frequenting reliable sources of information on the topic. Good places to find this type of information are listed below.

Student Loan Resources

FAFSA - Free Application for Federal Student Aid
Find out what information you’ll need to apply, fill out the application and view your results online.

NSLDS.gov - National Student Loan Data System for Students
Provides a centralized place where students can access and inquire about their loans and/or grant data.

Student Aid on the Web - Federal Student Aid on the Web
Information, from the U.S. Department of Education, about preparing for and funding edcuation.

In addition to the above student loan resources, you can also make use of our student loan calculators and student loan advice center. Make your next student loan decision a knowledgeable one. A little research can help in many different ways.

Posted in News, Loans, Personal Finance

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This entry was posted on Monday, April 28th, 2008 at 7:06 am and is filed under News, Loans, Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.