Washington, DC (PRWEB) May 3, 2008
StudentLoanCenter.biz, an online source of news and assistance for the college student loan market, has good news for future borrowers who fear that funds might not available when they need them. The United States Congress is moving closer to implementing a government safety net under the $85 billion student loan market. This is welcome news for many of the borrowers who visit the Student Loan Center site, a great deal of whom are heading to college in the fall.
A bill aiming to keep federal student loan money available was overwhelmingly approved by the House of Representatives recently. The team at StudentLoanCenter.biz is spreading awareness about this Congressional action at a time when many of their visitors are expressing concern about the future of federal student loan funding. Chances of this government student loan bill passing the Senate appear optimistic, as it even gained important approval from the Treasury Department's Federal Financing Bank.
StudentLoanCenter.biz has been hearing a great deal of concern about the future of college student loan funding, and there is good reason for this concern. After fallout from the sub-prime mortgage crisis and deep cuts in subsidies for federal student loan providers, the likelihood of finding money to pay for school started to seem grim. If this government student loan bill passes, however, the Education Department will be buying federal loans from lenders that can't sell them and will funnel them to colleges. The student loan money will be channeled through state guaranty agencies if this occurs.
A similar college student loan bill is pending in the United States Senate, and the White House has express support for the majority of this legislation. Student Loan Center wants future borrowers to know that the outlook of their college funding needs should be looking up.
For more information about government student loan funding and student loan debt solutions, visit http://www.studentloancenter.biz.
About Student Loan Center:
The team at Student Loan Center has created a Web site to help students get through college without relying on help from parents or traditional loans. Students can get a large loan at a low interest rate while finishing college without worrying about money. Student Loan Center has the experience necessary to help students with any kind of information about repayments or interest rates.
StudentLoanCenter.biz was created by a team that is dedicated to making the whole process of getting a student loan much easier, and the most important part of this is accurate information. Students can learn everything they need to know about student loans, so they can easily pick the one that suits their situation. Anyone with questions or concerns about student loans can enter their Web site to get the answers they need.