Subsidized Loans: A Relic of Our Past?

05/08/2011 § 26 Comments

Student Protests at the University of Vienna

The other day, when I found out that graduate student aid had been heavily hit by the budget deal struck by Congress, the only thing I could think to tweet as I shared a link on the topic was “you’ve let students down.” The tweet came somewhat out of fear for my own financial future, but mostly for that of my fellow students. I am fortunate in that I have an assistantship and am pursuing a PhD (which can, potentially, open doors to new funding sources than I could access during my MLS, although I doubt people will be banging down my door and hurling money at me.) However, having just completed that degree, I remember what a struggle it was to track down funding outside of student loans and what a blessing subsidized loans and deferred payments were for me. It made it possible for me to go to school, and I suspect the same is true for many HLS readers. With that in mind, I thought I would devote my post to talking about the changes in student loans, the little bit of sense I can make of it, and how it might impact graduate education.

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