President Obama announced yesterday his initiative to reduce student loan debt. The plan is an admirable one. Attending a university is expensive, and the cost of which keeps going up. All these kids who go to school mount up huge amounts of debt while trying to prepare themselves for the future. Now they’re all . . . → Read More: Micro-Engineering Student Loan Help
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Let’s pretend for a moment that you’re a bank. You make money by loaning people money and them paying you back with interest. So what stops you from loaning money to whomever wants it? The risk is that the person won’t be able to pay you back. Let’s say though, that some guy comes . . . → Read More: Direct Loans vs. Guaranteed Loans |
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