The federal student loan program has helped tens of millions of students pay for college. But with the economy in a downward spiral, lenders have been pulling out.
Funding for new loans has dried up. For the first time, public confidence in the program seems shaky.
» E-Mail This » Add to Del.icio.us
Businesses Operate In Tightened Credit Market
In recent days, businesses, large and small, have been scrambling to convince lawmakers that the troubles on Wall Street are hitting Main Street. Companies need more cash but it is getting...
Auto Sales Plunge As Credit Crisis Worsens
Consumers worries over the U.S. economy have taken a big toll on auto sales. Ford, Chrysler and Toyota all reported sales off by more than 30 percent last month. General Motors posted a 16...
Obama Vows To Battle Credit Crisis
Democrat Barack Obama on Monday blamed lax oversight and loose regulation for the financial breakdown. The Illinois senator attacked comments made by Republican rival John McCain and his idea...
Is Your Nest Egg Safe From Credit Crisis?
Day after day of bad news on Wall Street has left some Americans worrying over the fate of their investments. But those who work in the financial services are suggesting that people stay calm...
Some Investors Locked Out of 'Safe' Securities
The credit crisis on Wall Street is having an effect on individual investors who own auction-rate securities. What some investors thought was a safe investment has become an obstacle to...
Post new comment