Is anyone going to grab these banks by the scruff of their necks and tell them to quit screwing up our country? We do not need more social stratification in the US. We do not need to push people further behind. We do not need to discourage Americans from seeking higher education so they can flip burgers. The banks, run by the supposed best and brightest who did have the benefit of enjoying the best education money could buy, have dragged the country and Europe down. I still see no reason why Congress is not dictating terms and conditions with Wall Street banks. Reminder note to Wall Street: we saved your ass from financial ruin so shut up and quit making our problems worse.
Some less-selective four-year colleges, like Eastern Oregon University and William Jessup University in Rocklin, Calif., say they have been summarily dropped by some lenders.
The practice suggests that if the credit crisis and the ensuing turmoil in the student loan business persist, some of the nation’s neediest students will be hurt the most.
The difficulty borrowing may deter them from attending school or prompt them to take a semester off.
When they get student loans, they will wind up with less attractive terms and may run a greater risk of default if they have to switch lenders in the middle of their college years.
