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PF Newswrap: Cheap Textbooks and More Mortgage Trouble

We published some Wall Street Journal personal finance stories full of some good news and some troubling news today. Give them a read:

Less-Costly Options for Textbooks
FiLife Take: College textbooks cost a bundle, but now the government is helping to lower the burden for students. Read this article to find out how you can get cheap deals for electronic textbooks and even textbook rentals.

Complex Mortgages May Hit FirstFed
FiLife Take: There’s a new villain working its way up the ‘bad news food chain’: option ARMs. Barclays Capital expects about 45% of these loans originated in 2006 and 2007 to default. Read more about them here.