What is going on with the U.S. economy and with the $700 billion bailout?
I understand that some banks in wall street have fallen and that they government plans to give them money to solve their problems? What I want to know is more details on this situation and how it is going to affect students when they are trying to get loans for college. I am currently a senior in high school and this worries me a lot because my parents can’t afford to send me to college and I was planing on taking out a loan along with grants and scholarships.
The banks need alot of cash to stabalize the loss of funds from bad debts.
