Press Release Summary = The college loan market is a boom market for lenders. Yet none of this debt is necessary, if students only knew these insider strategies.
Press Release Body = FOR IMMEDIATE RELEASE 10/02/2006
Why Money Lenders Love Students
Lenders are enjoying a bonanza in the college loan market. And parents are incurring huge debts to pay for their children\'s college tuition, even though they don\'t have enough saved for their own retirement.
The following was reported in a July 11 story run by Bloomberg news: http://www.iht.com/articles/2006/07/11/bloomberg/bxatm.php
\"Soaring tuition costs are driving the boom in federally financed and private loans, 75 percent of which Wall Street transforms into debt securities. About $44 billion of bonds tied to student loans were sold in the first half of 2006,\" Moody\'s Investors Service says. At that rate, sales will top the record $73 billion of last year.
Lenders are happy to lend. These loans are usually repaid. But given the grim fact that over half of all college freshmen fail to graduate, the college education game is a huge crap-shoot that is rigged against debtors.
In the report, the College Board stated that the use of private loans to pay for tuition costs has grown by more than nine-fold over the last 10 years, to $13.7 billion as of the 2004-2005 academic year... making it the fastest- growing source of student funds.
\"The cost of education has been increasing significantly while the level of federal loans and grants has been fairly static,\" said Jack Kopnisky, chief executive of First Marblehead, which bundles debt into bonds. \"Private student loans fill that gap.\"
Student loans cannot be erased by bankruptcy, a fact which many borrowers may be unaware of. Thus, it\'s certainly not surprising that lenders are to willing and eager to lend!
Nor do most people realize that this debt is unnecessary, as shown by the \"insider\" strategies revealed in this free website: http://www.degree-secrets.net
Gary North gnorth@degree-secrets.net http://www.degree-secrets.net
Web Site = http://www.degree-secrets.net
Contact Details = Gary North||2634 Pintail Drive||Horn Lake , 38637||$$country||||519-458-8197||gnorth@degree-secrets.net||http://www.degree-secrets.net
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