Obama to outline plan to stem home foreclosures - BusinessWeek

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The biggest players in the mortgage industry are halting home foreclosures while the Obama administration develops its plan to help struggling homeowners. The White House said President Barack Obama on Wednesday will outline his much-anticipated plan …

Auto parts makers ask for $25.5B in aid - CNN Money
NEW YORK (CNNMoney.com) — A group representing auto parts suppliers has asked the Treasury Department for a total of $22.5 billion in financial assistance. The Motor Equipment Manufacturers Association and an affiliated group, the Original …

Student loan consolidation
It is estimated that only in United States over 50% of the students are studying with the help of student loans. On an average each individual has $10,000 loan. In some cases this limit is exceeded well beyond your imagination. Until and unless your parents are ready to finance your studies you will obviously need to obtain student loan/loans. Sometimes making a wrong decision on choosing a particular loan plan can leave you worrying through out your entire period at the university. Many private schemes charge usually high interest rates on the loans. At times it can be a disaster. You have to b careful and very precise about choosing a specific loan scheme. Normally students acquire more than one loan to support their studies. Paying off two separate loans is not a simple task. Think twice before you make your decision to take two separate loans. Two separate loans mean two different payments with high interest rates. Many student loan firms provide you with a higher interest rate when taking out a second loan. Not being able to pay on time means spoiling your credit score just when you are at the start of you career. You can not let your credit score to be reduced to rubble like this. Especially for an American his credit score serves as a life line for him. Now that you are locked up in a impasse situation what to do? How to get out? Well that’s not a problem and you can still help yourself to overcome this debacle. With the help of student loan consolidation you can consolidate your two different loans in one. Many firms are offering student loan consolidation today. It works exactly like a mortgage consolidation. It is very easy to work with; all you have to do is to consult a firm who deals with student loan consolidation. You can pick a plan which best suites you. Normally through a consolidation program your payments can be cut down up to 40% and you can acquire a much lower rate. While taking a loan do keep in mind that the sole purpose of this loan is to fulfill your studies and not to fulfill your personal interests. Don’t cheat yourself by spending it either on yourself or on unbeneficial/unlawful activities. Even if you do, you don’t have to be penitent since you can always fix it with the help of student loan consolidation.

Student Loans

journal article about student loans