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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Oct 22, 2008
Page
6
A survey of higher education shows more students need aid as tuition rises and federal loan programs hit caps. Despite grants and scholarships, many schools report fee increases and tighter credit markets limiting access for 18 year olds amid rising graduation rates and tightened lending.
The FDIC favors large scale modifications to curb losses and save homes. Maribel Carrillo, among many borrowers, saw her monthly payment drop from about 3000 to 1600 after IndyMac was seized. Bank of America is pursuing similar steps for Countrywide loans as part of broader bailout hopes.
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