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Markets Weigh U.S. Plan To Expand Bailout (NPR) The financial markets are digesting a shift in the U.S. government's $700 billion bailout plan. Treasury Secretary Henry Paulson says he wants to expand the plan to include companies involved in offering credit to people through car loans, student loans and credit cards. Treasury, Fed Consider New Plan to Aid Auto, Credit Card Loans (Bloomberg) Nov. 12 (Bloomberg) -- The U.S. Treasury and Federal Reserve are considering a new plan to ease strains in the markets for automobile purchases, student loans and credit-card debt as the government widens the scope of its financial-rescue efforts. Real People, Real Issues - Student Loans (WROC Rochester) For Christopher Bieasinski, a junior studying Russian, the University of Rochester was a perfect fit. It was located near downtown Rochester, and the price was affordable with the help of some student loans. GCC hosts seminar on student loans (The Herald Democrat) For some students, college tuition is affordable with the help of student loans. With those loans, however, comes the responsibility of repayment. Students also must undergo mandatory exit counseling as a condition of accepting loan monies. Real People, Real Issues - Help With Student Loans (WROC Rochester) Student loans have become a lifeline for families needing help to pay for college. However, it can be confusing trying to figure out how the financial aid offices determine what your financial aid package will look like and how much in loans you will have to take out. Vermont Student Lender's $2.16 Billion of Bonds Cut by Moody's (Bloomberg) Nov. 13 (Bloomberg) -- The ratings on Vermont Student Assistance Corp.'s $2.16 billion of municipal bonds were cut by Moody's Investors Service because of the college lender's use of auction-rate securities to fund loans. Student Loans To Get a Boost From Bailout Plan (WBKO Bowling Green) Originally, lenders bundled student loans and private investors would buy them. With a toxic economy, investors have shied away from buying up these loans. Government Taking Steps to Stabilize Student Loan Market (KYW News Radio 1060) With the economy still in freefall, some parents are worried about the status of student loans, but steps are being taken to head off a shortfall. U.S. to purchase more student loans (Centre Daily Times) The government announced plans Friday to expand purchases of the student loans it backs to head off a potential shortfall going into the next school year. The fear that has caused financing costs to spike for mortgage and auto loans has also plagued student loans, a normally safe corner of the market. Vermont Student Lender's Bond Ratings Cut by Moody's (Update1) (Bloomberg) Nov. 13 (Bloomberg) -- The ratings on Vermont Student Assistance Corp.'s $19.94 million of general obligation bonds were cut by Moody's Investors Service because of the college lender's use of auction-rate securities to fund loans. |
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