Array

Student Loans Are Disappearing, Now How Do You Pay For College?

Must Read

The Effect of CGM on Corporate Reputation

The growing popularity of social media networks provides even more opportunities for consumers to give their opinion or complaints....

What Do Home Appraisers Look For When Doing an Appraisal For a Mortgage Refinance?

When undergoing a mortgage refinance, one step in the process is acquiring an appraisal of your home. An appraisal...

Debt Consolidation Loan – Are Debt Consolidation Loans a Good Way to Pay Off Credit Card Debt?

With high unemployment and a weak economy we can at times find ourselves over our heads in credit card...

The credit crunch has already taken many victims during these Recessionary times but now parents and students are affected. Sallie Mae the nation’s largest student loan lender has reported very distressing news. They can’t continue much longer to write student loans unless they get help from the Federal government.In the first quarter of 2008, Sallie Mae reported a $104 million loss and fell short of Wall Street’s expectations. Like residential mortgages, student loans are packaged into securities and sold to investors. The problem is that amidst our credit strife, the demand for this kind of debt has fallen dramatically even though the majority of student loans carry a federal guarantee and is highly rated.If the Federal government doesn’t step in soon then parents and students could be finding themselves without a way to pay for tuition. “Our current economic situation has people strapped for liquidity. The cost of living is going up and people are struggling to stay afloat. People have tapped out their credit cards, available loans and salary and are now pushed into a financial corner”, said Ben Peterson successful entrepreneur and author of “$500 Startup”.The Recession is expected to get worse and now with the troubled student loan industry, a rise in student drop out is expected. More than 50 student lenders have stopped making federally guaranteed student loans until something changes.”Parents and students need to re-evaluate how they fund a college education. Utilizing the power of the Internet and the 21st century, people can create a new revenue source by starting an online business. You can do it with less than $500 immediately,” said Ben. He brings up an important point of finding new revenue streams to help pay the bills. His idea is that parents and students can start a company even part time and pay for college.He is offering his book for free (digital version/limited time) at the following website [http://www.500DollarStartup.com]. It is a step by step guide to starting your own online business with $500. As families struggle with rising costs in everything from gas, food and now college, they need to consider how to create additional streams of revenue. He is donating his book as a way for families to get out of debt or develop the money to send kids in school.The Recession and student loan crisis really brings everything into question. How we got here is another story but we can’t be a strong society with fewer people attending college.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Underlight As Accent, For Power and The Main Light for Photography

Underlighting, in which fill or accent light comes from under the topic, is not widely used technique in the traditional Portraits,...

How To Fix Overexposure As A Creative Tool, The Complete Guide

As an creative tool, overexposure is sort of underrated. What I’m close to propose could be a deliberate and well thought out technique for...

7D Mark II is Canon’s best DSLR cameras without full-frame sensor.

The expected long-awaited Canon EOS 7D Mark II are shipping in November for $ 1,799 without a lens. With a higher price tag, you...

Low key photography and How to isolate your subject.

Low key photography doesn’t depend on underexposure to make its point; the key to low key is that the majority of tones, even correctly...

High Key Lighting Techniques for Professional Photographers

I’ve written many times about high key lighting techniques and how to achieve them. The term “high key” is a bit misleading. As I’ve...

More Articles Like This

blograby facebook like page