Students Face Hit
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Title: Students Face Hit

Essay Details:

Subject: Business
Author: Kyle C
Date: June 9, 2017
Level: University
Grade: A
Length: 3 / 701

Essay text:

These government aid programs are great but only provide limited amounts, usually $7,500 per year for undergraduate students. Over the past decade, government grants and loans, such as the Stafford loan, have failed to keep up with the rising costs of tuition. Since the government programs cover less of the tuition costs today, the borrowing of private sector education loans has increased tenfold to $17.1 billion annually. Over two dozen lenders, including Wachovia, Citigroup, and Bank of America, have either cut back or stopped private lending to students. A spokeswoman for Wachovia says this is because of the current economic state and investors have shunned the securities that they rely on to raise the lending funds...

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