Over the last 15 years, students' unmet financial need has increased much faster than the maximum amount of money they can borrow through subsidized federal loan programs.
As a result a multi-billion dollar private student loan market sprang into existence to fill the gap.
loan marketPrivate Student Loans: A Lesson In Debt [infographic]Digg - Business & Finance Thu, 07/30/2009 - 16:10
Big U.S. Role in Lending to StudentsNYT > Business Wed, 02/25/2009 - 22:02
The government has increased its support of the student loan market so much that there is a question of whether there is a role for private lenders at all. |
