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For the first time in years, there is good news for college students who borrow to pay for their education.

GM's Opel deal with Magna not a sure thing (Detroit News)

From the outset, the rescue deal announced on May 30 for General Motors Corp.'s German carmaker Adam Opel GmbH showed cracks.

G.M. Said to Seek Alternate Buyers for Opel (New York Times)

As G.M. and Magna International attempt to conclude a deal for Opel, G.M. is talking with other potential buyers to win better terms, officials in the negotiations said.

Organize Debt Consolidation Quickly and Easily (Carteret County News-Times)

(ARA) - Until recently, Ken Goins of Woodland Hills, Calif. was like most Americans -- he carried a balance on several credit cards. The weight of the balance became heavier and heavier, and Goins just wanted to end his debt.

New Plan Ties Reduced College Loan Payments to Income (New York Times)

Starting Wednesday, the federal Education Department will begin offering a repayment plan that lets college graduates reduce their loan payments, based on their income.

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