Will the economic problems in the US affect college student loans?
I’m in my junior year in Hs, and i’m starting to get really worried?
With credit tightening up and student loans already effected it will get worse before it gets better.
Right now banks are trying to conserve capital, to deal with their own cash crisis so they aren’t lending freely. About the only credit they seem to be actively pursuing issuing is credit cards because of the high rate of return. Since they can borrow from the fed at 3% why not loan it out at 18% and up?
