5 Facts You Don’t Know About Student Loans But Should
Lynnette Khalfani-Cox, The Money Coach
August 11, 2010
In the current economic environment, one impact of the credit crunch is that it’s getting harder than ever to obtain loans of all kinds, including student loans. Unfortunately, millions of Americans rely on loans to pay for a college education. That’s why roughly $730 billion in federal and private student loans are outstanding, and only 40 percent of it is currently being repaid, according to FinAid.org, which tracks student loans.
