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Old 08-01-2011, 03:21 PM
 
Location: Long Island, NY
1,775 posts, read 3,769,287 times
Reputation: 1894

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Guys,

Soon to be official. This is the headline under section 502 of the newly drafted budget bill.

For all those students in graduate school who were able to secure federal subsidized loans in the previous years, post July 1, 2012, those days are gone; illustrates the additional financial burden to be placed on graduate students. (page 71 of below link)

The deal also takes out incentives for the timely repayment of student loans


http://msnbcmedia.msn.com/i/CNBC/Sec...BT_016_xml.pdf
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Old 08-01-2011, 03:32 PM
 
Location: NJ
31,771 posts, read 40,480,002 times
Reputation: 24590
the government shouldnt be subsidizing any student loans. it drives up the cost of education. if people value it, they will pay for it.
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Old 08-01-2011, 08:11 PM
 
Location: West Coast
1,189 posts, read 2,544,367 times
Reputation: 2108
Of course it would get terminated, being that education is considered such a wortlhless expense and all. I suppose the people that are unable to afford Graduate school, despite working their tails off, are considered worthless as well.
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Old 08-02-2011, 12:14 AM
 
Location: Maryland's 6th District.
8,358 posts, read 25,155,432 times
Reputation: 6540
Quote:
Originally Posted by Joy74 View Post
Of course it would get terminated, being that education is considered such a wortlhless expense and all. I suppose the people that are unable to afford Graduate school, despite working their tails off, are considered worthless as well.
I agree, to a point. It is only worthless if you cannot afford it. How many members of Congress are without a college degree?
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Old 08-02-2011, 02:09 AM
 
Location: SE Florida
1,194 posts, read 4,113,885 times
Reputation: 758
Socialism at work.
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Old 08-02-2011, 03:52 AM
Status: "I'm turquoise happy!" (set 26 days ago)
 
Location: The New England part of Ohio
23,878 posts, read 32,156,993 times
Reputation: 67768
The new American Way - people without money AND education are devalued by our society.
Rich people, no matter how they became rich, seem to be idealized.

Why do we lag behind other countries? It's our priorities.
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Old 08-02-2011, 05:59 AM
 
8,368 posts, read 7,309,461 times
Reputation: 8655
So what are the actual numbers? Post-grads can still get graduate loans, but they'll just cost more - how much more?
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Old 08-02-2011, 06:09 AM
 
Location: Cardboard box
1,909 posts, read 3,767,333 times
Reputation: 1339
College is a sham
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Old 08-02-2011, 07:09 AM
 
Location: Maryland's 6th District.
8,358 posts, read 25,155,432 times
Reputation: 6540
Quote:
Originally Posted by Synergy1 View Post
Socialism at work.
How is this Socialism? It is a move in the opposite direction.

Quote:
Originally Posted by djmilf View Post
So what are the actual numbers? Post-grads can still get graduate loans, but they'll just cost more - how much more?
If I read it correctly, grad students would still be able to receive unsub loans up to the amount of any subsidized loans they may have received. So, really, they would be getting the same amount of money in loans, but they would end up repaying more $$$ in the end.
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Old 08-02-2011, 09:17 AM
 
Location: Foot of the Rockies
90,316 posts, read 120,209,612 times
Reputation: 35920
I'm not clear on the details of the debt ceiling bill yet, but I know a lot is yet to be decided. There's supposed to be this "commission" to work out some more cuts. So perhaps things will change. We can hope. Med students, etc are going to be SOL if this becomes law.
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