Student Loan Crunch May Have Positive Effect
The current crunch in the student loan market may have a longterm positive effect on the economy. As the private loan market continues to tighten up its credit requirements for students looking to get loans for next semester, less and less students will be able to afford them (usnews.com). Although for current students this will be a tough transition, and may force some to work while going to school part time, for students just about to attend a college or university, they may think twice about
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