In the tough job market, grads are finding it increasingly difficult to land a job post graduation, so new programs are focusing their efforts on lending a helping hand. BridgeSpan Financial introduced SafeStart this week, which helps grads who are either unemployed or have loan payments greater than 10% of their income to repay their student debt. For an upfront payment of $40-$60 per $1000 of student debt, students can get an interest-free line of credit that can be used to repay federal student loans for up to five years after graduation.
http://www.usatoday.com/money/perfi/college/2009-08-13-unemployed-graduates-debt_N.htm
Tags: consumer, credit, debt, economy, education, loans, student
Do you Want to say something?