Terricita Sass is alarmed. The Norfolk State University administrator knows that about one in five of her students gets a loan that is not federally guaranteed and that this pool of money may shrink this summer.
Gary Pope is puzzled. The northeastern North Carolina resident figured a home refinancing would drive his monthly payments down by as much as $700. Instead, the bank turned down his application, telling him he did not meet its tighter lending standards.
And Barbara Wright is concerned. The credit counselor in Chesapeake has seen more people relying on credit cards for routine expenses, a trend that could undermine family finances and lead to more personal bankruptcies.
