Be careful taking on loans in bad economy
Unfortunately, students are finding it harder and harder to pay for the life-altering college experience after they leave. Nationwide, student loan defaults have risen from 7 percent in 2008 to 8.8 percent in 2009, the highest rate in 12 years, according to the Department of Education. With financial assistance on the decline and defaults on the rise, students should exercise caution when taking out loans.








