No More Subsidized Grad Loans

[NachoBabyDaddy]

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So how does everyone feel about the new rules passed by congress in the recent debt deal? I'm specifically referring to the provision that says there will no longer be subsidized graduate loans. This means interest will start accruing the moment you take out loans. This seems like it will make medical school exponentially more expensive.

 

[Jack is Back]

So how does everyone feel about the new rules passed by congress in the recent debt deal? I'm specifically referring to the provision that says there will no longer be subsidized graduate loans. This means interest will start accruing the moment you take out loans. This seems like it will make medical school exponentially more expensive.

I think it is a minor issue. Someone did the math, but it amounted to < 8k a year for a few years.

If you work 20 years and earn 200k, you will earn 4 million dollars. ~30k will not make a big difference in how your life plays out.

I'm NOT for losing benefits, but this is no situaiton to cry about. We knew we would take on a lot of debt and it just increased by ~5% or so.

 

[willen101383]

I dont personally think it matters too much in the grand financial scheme of things. I however do think its a bit ridiculous. Sure cut funding for higher education yet continue giving all the Fkups of the country handouts left and right, while the people who actually work their asses off get treated like crap. Just another day of livin in America!

 

[markconn]

I dont personally think it matters too much in the grand financial scheme of things. I however do think its a bit ridiculous. Sure cut funding for higher education yet continue giving all the Fkups of the country handouts left and right, while the people who actually work their asses off get treated like crap. Just another day of livin in America!

.

 

[LossForWords]

I think it is a minor issue. Someone did the math, but it amounted to < 8k a year for a few years.

If you work 20 years and earn 200k, you will earn 4 million dollars. ~30k will not make a big difference in how your life plays out.

I'm NOT for losing benefits, but this is no situaiton to cry about. We knew we would take on a lot of debt and it just increased by ~5% or so.

I don't really feel like I can complain about it too much because I'll be an MD on the other side of my graduate training. The people in graduate school to be social workers, teachers, art professors, etc. have a lot more to be upset about.