Monday, August 1, 2011
Debt ceiling deal to hit grad students hard -- "Some students will have to start paying off their loans while they're in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade. 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.
Congress would also nix a special credit for all students who make 12 months of on-time loan payments.
The changes would take place July 1, 2012."
~ If your life economically is better today, August 1st 2011 than it was exactly three years ago, understand you are one of the Very few & probably best to not speak openly of it.
Posted by Susquehanna at Monday, August 01, 2011