Toward Better Student Lending

The New York Times
May 8, 2008
Author: Unknown

This article pertains to the government making new law regarding student loans. In recent years students have faced difficultly in actually getting what they bargained for out of student loans. The government has stepped in and said that the lenders are required to stay in the market even when times are rough on them in order to fulfill their obligation to the students they are aiding. Since times are not great for student loans the government will occasionally step in and make direct loans to students, but this is not a common practice and may not become common in the near future. The author suggests various ways that he feels will address some of the problems faced in the student loan market. This article provides good information, but was somewhat confusing to me. If I had better knowledge of the subject matter, I believe this would have been a very informative article.