Federal Loans Making a Difference for MBA Degree Students
December, 12 2008
By the My MBA Career Content Team – Find Top MBA Degree Programs
If you're interested in pursuing an MBA degree, the federal government may be able to help with student loans even as private lenders continue to scale back credit offerings
The U.S. Treasury has been working on a $200 billion plan to revive frozen credit markets in areas like credit cards and student loans.
This week, Business Week reported that private student loans could fall as much as 30 percent, down to $13.3 billion because of increased lending reluctance by entities like Sallie Mae and First Marblehead. In contrast, federal student loans are said to have jumped by $3.1 billion during the first nine months of 2008, making up much of the difference.
However, thestreet.com also notes that many students have had to turn to private loans to compensate for the limit, which now stands at $31,000, placed on federal loans.
Students nationwide have been enrolling in MBA programs during the recession to make themselves more competitive in an increasingly unstable and difficult job market. An MBA degree is often a solid investment because of the increased earnings and opportunities one can usually take advantage of after graduation.
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Related Article Topics: Business News
