Students to feel pinch in debt deal

BDBoop

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Jul 20, 2011
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Don't harsh my zen, Jen!
Debt ceiling deal to hit grad students hard - Aug. 1, 2011

WASHINGTON (CNNMoney) -- Some students will start owing more on 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.

Well, that's just spiffy.
 
As we have had a near continuous war on education for decades now, this does not surprise me one bit.
 

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