Friday, April 25, 2008

Student loans became a bad business


Event though it used to be a $47.5 billion business some years ago, the fact is that more and more companies are now exiting this market of student loans, which became unprofitable to most people and is now causing some real damage to people wanting to become students financed by their own money and loans! Some of the biggest investors are not only quitting this business but are also thinking about a plan that will allow them recover all the money invested without losing too much! It's not even a question of profit right now... So if you were thinking of a student loan, think twice and good luck.



Best regards