Graduate Students Hit Hard In Debt Deal

[Judas BentHer]

HuffPost College
August 1, 2011

The debt deal reached by Congressional leaders and President Obama would keep the nation from defaulting on its loans, but it would make graduate school much more expensive for many graduate students.

From CNN Money:

As part of the savings to trim the deficits, Congress would scrap a special kind of federal loan for graduate students. So-called subsidized student loans don't charge students any interest on the principal of student loans until six months after students graduated.
In an email to The Huffington Post, Mark Kantrowitz of FinAid.org notes that "graduate students can defer repaying their federal student loans by capitalizing the interest. The debt deal merely changes the $8,500 in subsidized loans to unsubsidized." (Full Article)


I know this article worries the college age kid's of every Congress person now serving on the Hill. /sarcasm

[Moros Synackaon]

Of course, 'cause those Welfare-Graduate students are driving motherfucking Cadillacs everywhere!

No wonder they have police with assault weapons deployed -- you never know who the politicos are going to screw next!

Really, out of all the spending, they focus on graduate student financial aid?

WTF

[Minimalist]

Quote:they focus on graduate student financial aid?

They probably don't vote.

[Rhythm]

They're probably busy, another thing that those on the hill won't understand.