When Will This Credit Crisis Ease?

They talk about the green shoots of recovery; well I have not seen any, have you? I personally think that it is a form of increase confidence trick; an attempt to make people believe that the worst of this current recession is over.

They, and when I say they I am talking about the Government and business leaders, are no doubt hoping that this new confidence (false as it undoubtedly is) will spur people on to start spending money again; to start buying houses etc. Until these so called “leaders” realise that this crisis will only start to ease when the banks and building societies start to lend money again, the better. I am already started to read reports about the ways in which these bankers have returned to their greedy bonus culture? In a way a more important question is why is our Government allowing them to get away with it? There is a real lack of leadership at the moment and it is about time somebody at the top started to crack the whip.

Now I am not some financial whizz kid who thinks he has all of the answers. I am in fact just an average working class guy from the UK who runs a web promotion company and who also has a partnership in a company that offers a professional DVD duplication service. I do however watch and listen in amazement at times when I see what some of the politicians and greedy bankers say – they really are not in the real world – they probably would have absolutely no idea as to the average cost of a pint of milk or loaf of broad – they are complete jokers and a waste of space.

I personally believe that this current credit crisis will last until the end of 2010, at least. I know that this seem rather negative but it is just my opinion on the situation. I may well revise my opinion if we were to change in Government or a new stronger, dynamic leader? Bring in Vince Cable I say as the new Labour leader!

Technorati Tags: business leaders, credit crunch, government, greedy bankers, Labour leader, recession, Vince Cable

Federal College Loan

If you are planning to further your education but do not have the money, why not apply for a Federal Stafford Loan.

Federal Stafford Loans are student loans by the government specifically the department of education. They offer low interest rates student loans for anyone applying to study in a US college or university.

There are also stafford student loans offered by the private banks and financial institutions. However, these stafford loans are offered through the federal family education program. So in a sense, the funds from the student loans are still from the government. They usually offer lower interest rates than federal stafford loans.

Some colleges and universities also have their own student loan programs. These schools are under the federal direct loan program. The government will disburse the funding directly to the school and then to you.

One disadvantages of choosing a school’s student loan program is that you do not have the choice of comparing different lenders and then picking which stafford student loan offer to take.

The interest rates and student loan amounts will differ from school to school so you may want to check with them before deciding.

There are also 2 types of federal stafford loans : unsubsidized and subsidized federal stafford loans.

As the name implies, unsubsidized federal stafford loan are given without the basis of their financial capacity. The interest rates will start once you start college or university. You are allowed to accumulate your interest and it will be added to the principal student loan.

On the other hand, subsidized federal stafford loans are given on the basis of their financial capacity. The student will not be charged interest rates while still schooling. The interest rates will be paid by the government. Not everyone qualifies for subsidized federal stafford loans. You may need to check with your school for the requirements.

Ricky Lim works in a finance company specialising in college student loan. Visit his site for college loan consolidation and get a free student loan consolidation quote

Technorati Tags: apr, direct, government, loans, student