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
"In life you can never be too kind or too fair; everyone you meet is carrying a heavy load. When you go through your day expressing kindness and courtesy to all you meet, you leave behind a feeling of warmth and good cheer, and you help alleviate the burdens everyone is struggling with."
Brian Tracy
Brian Tracy
