Have you heard? Another financial business is having troubles. This time, it is a company that doles out loans for college tuition. So now, a lot of parents are scrambling to find alternative solution to pay for the upcoming tuition bills. School is starting in a couple of weeks and it is not easy to get approved for student loans in such a short time. I heard from some parents that they are at a loss as to what to do. According to the news report, the company said that they are deeply affected by the Sub-Prime Mortgage mess and they cannot afford to go through with the student loans that have already been approved.
A short term fix will be to use a credit card. Take note that I said 'short term'. Only use it if the tuition is due at the end of the month. If you have a high interest rate credit card then it is not a good idea. It would be better to find a lender with the best 0% credit card offers. It takes a lot of searching the web to find these cards and offers. If you are looking to get the best balance transfer credit card offers the website YourCreditOptions.com is the way to go.