Thursday, March 5, 2009
OU student Kelsey Neer studying before her class starts. She currently pays for school through loans and is concidering private loans to be able to study abroad.
Private Student Loan Lenders Limited Due To Obama's Budget
OU students may have trouble getting private loans due to cuts proposed by Obama.
Obama wants to limit lenders like Sallie Mae from handing out the bulk of student loans and give the U.S. Education Department the ability lend most of the loans according to money.cnn.com.
"I think that [limiting private loans] might be good for students beacause all they have to do is fill out the FAFSA instead of finding other loans they can apply for," OU student Kelsey Neer said.
OU Students can expect the private funding to decrease starting in 2010.
For more on Neer's interview, please click play.