A little food for thought for you all.
http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_students/index.htm?hpt=hp_t2
http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_students/index.htm?hpt=hp_t2
The annoying part is that out of the 22 billion saved from cutting out subsidized loans, 17 billion is going towards Pell Grants.
"Full funding for Pell Grants is absolutely essential to fulfilling the president's goal of the U.S. once again having the highest proportion of college graduates in the world by 2020," said Pauline Abernathy, vice president of the Institute for College Access & Success."
The government would rather see a nation full of philosophy and sociology degrees rather then help doctors, dentists, and other grad students get through school. Great.....
Money in your pockets is better than money in someone else's pockets. I think we would rather have the subsidized loans.
Money in your pockets is better than money in someone else's pockets. I think we would rather have the subsidized loans.
It is not like a few thousand extra dollars over the life of a loan is going to hurt grad students by any means.
Plus, who says that people receiving Pell grants are going to be philosophy and sociology majors?
Dentists, physicians, pharmacists, lawyers, MBA students, etc. do not need subsidized loans because they will easily be able to recoup the little bit of extra money shelled out on interest. Work a few extra days and you will have recouped the difference in interest paid.
take a second and think about, how many children today are picking up books suck as harry potter instead of faulkners, etc.. How many students are pre-med and how many actually engage in food for thought majors such as philosophy. To sit here as future doctors and grobble over some thousands dollars, which are really meaningless in the grand scheme of your salary is a little silly. people out there are way off worse than we are, and we are very fortunate to be pursuing such amazing careers. just a different viewpoint to think about..
Our country doesnt value education.
The changes would take place July 1, 2012.
Does that mean that the Class of 2016 students can still get subsidized loans for dental school, just as long as its before that date?
That is crazy... Just thinking about the extra amount of debt that we are going to have hurts.
I don't buy into the argument that we should just look at the "grand scheme" of things, the idea that some day we will all live in a big house, have a wife that can stay home and will cook in heels and greet us at the door after work, and roll a Mercedes; out of school, we are like any other tradesman (or woman), trying to find our way and working really hard to establish a reputation as a good dentist. Every one of us should be very concerned about our country's declining attention to education.
I don't buy into the argument that we should just look at the "grand scheme" of things, the idea that some day we will all live in a big house, have a wife that can stay home and will cook in heels and greet us at the door after work, and roll a Mercedes; out of school, we are like any other tradesman (or woman), trying to find our way and working really hard to establish a reputation as a good dentist. Every one of us should be very concerned about our country's declining attention to education.
Well said my friend.
@Navy dentist - I'm assuming you're doing the military scholarship route, and I salute to you, but it's easy for you to make those remarks considering that extra money will not necessarily be coming straight out of your pockets. Correct if I'm wrong. In addition to your remarks about we'll be making all this great money, lifestyle, etc, don't count your chickens before they hatch, pal. Our economy is in a downward spiral. At this rate, who is going to pay for the service of a dentist if everybody are losing their jobs and taxes increase? The government with medicaid (if it's still funded then)???