Will You Be Able to Afford a Student Loan?

One of the bummer things about President Barack Obama’s proposed budget changes is the effect on student loan financing. In order to increase the amount of money available for grants, without increasing the federal deficit by very much, Obama is proposing changes to the way lenders are subsidized for making low interest student loans. This is one of the few items of disagreement I have with Obama’s economic policies.
The end to low interest student loans?
Right now, in order to encourage lenders to offer rock-bottom interest rates on student loans, the government hands out subsidies. Now, though, without these subsidies, lenders …read more