Bad News Galore
February 13th, 2008 by Sonny
Credit Woes Hit Funding For Loans to Students - WSJ.com
Yesterday, the Michigan Higher Education Student Loan Authority, a state agency, said on its Web site that “due to the current and unprecedented capital-markets disruption” it will stop making loans under the state’s Michigan Alternative Student Loan, or MI-Loan, program. More than 100 Michigan colleges and universities participate in the program.
This credit crisis is going to have profound long term impact on the economy. The next president has this mess and many, many others to clean up after Georgie Boy goes back to clearing brush in Texas.
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