We knew it was coming!!...

[TheOx777]

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http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_students/index.htm?hpt=hp_t2


Just came across this, and I thought it was important to share with all pre-PTs and those who are just starting this academic career in PT school. Obviously the government and our nation's financial situation is quite frankly $h**y right now. Subsidized loans will cease to exist, and this has been a staple for almost all graduate and professional students. It is more important than ever to be fiscally responsible when choosing a program and everything that goes along with being a professional student. With Medicare hanging in the balance and student loan incentives looking like arse, I have a feeling that things are going to get "interesting" over the next few years for ALL healthcare professionals. Who gets the biggest shaft has yet to be determined! You don't want to put yourself in a ridiculous hole if you can help it! Just do your HOMEWORK, and try to find a program that will offer you a quality education without breaking the bank! Thought I should share!

 

[goyo1010]

Oh, my god. This is horrible. Thanks for sharing Ox...

 

[DPT8387]

Unfortunately I was only a accepted to a private program so I'm going to be really affected by it. Not to mention all my loans from undergrad on top of that! It's really scary.

 

[johncronejr]

Geeeez.....this really bites

Thanks for posting this Ox

 

[CmichStudent]

Looks like I'll be working for a few years after undergrad to afford PT school at all...

 

[CherokeeWahine]

In terms of this legislation and debt ceiling madness, I agree with what another poster said on the PT forum:

I hate that they are doing this, but let's be real.....It's not a corrupt thing for the government to stop paying the interest on "our" loans. It has been a nice luxury to have them do it, but by no means do I feel entitled to it.

 

[Litlwarrior08]

THanks, I was trying to find the connection / effect last night and did not come up with it. This is informative. Expected!

 

[markelmarcel]

Ok, so basically all our loans will just become normal loans, where we need to pay the interest as we go... That sucks, but I'm going to have to do it anyway, so I guess I'll just have a bigger payment (on a 0 income budget! Awesome!!)

 

[Litlwarrior08]

So basically we need to take the loan out to pay the loan. Can't work, run through whatever savings we have built up (thank God for undergrad scholarships), eat, shelter, private loans. UUmm should be interesting to say the least.

 

[kcrat21]

I try to stay quiet as far as politics in this country are concerned...but this country's emphasis on education is f-ing ridiculous. The government doesn't give a crap about funding public education, however the majority of kids in this country go to public school....and it costs all your arms and legs to go to college/post-grad. In other countries, those who want to pursue higher education can do so for free (or minimal cost). BUT NO, not in the US--they don't invest in their youth or those inclined to further educate themselves at all. I've spoken with COUNTLESS people who want to be MDs, PTs, DDSs, etc. and who would make fantastic clinicians, but can't because of the exhorbitantly high cost of tuition to go to school to learn to do these things. Its no wonder to me that this country is falling apart from an economic standpoint.

I just don't get it...the US has it all backasswards...grrrr

 

[markelmarcel]

In other countries, those who want to pursue higher education can do so for free (or minimal cost).

My former boss is from India and I loved listening to him talk about school and how they run their education. Everyone takes a test (sort of like the SAT for lack of a better way to relate it) and dependent on your score you either go to engineering school or medical school. The end. Kind of interesting, isn't it?

 

[okramango]

I just came across another informative article on this issue:

http://www.therepublic.com/view/sto...9716cc8af/US-On-the-Money-Debt-Deal-Students/

 

[DancerFutureDPT]

My former boss is from India and I loved listening to him talk about school and how they run their education. Everyone takes a test (sort of like the SAT for lack of a better way to relate it) and dependent on your score you either go to engineering school or medical school. The end. Kind of interesting, isn't it?

I remember in my high school French class we'd learn about their education system, and at the time I believe they had a similar test that students took in elementary or high school (can't remember which) that would dictate what they would do as far as career/education path.

The concept is good, but I always thought it was kinda silly...based on that, starting in the 4th grade when I scored in the 99%tile for science on some standardized test, I would have been tracked for medical school. That's all well and good, but when I was in high school I really wanted to go into English education. It kind of eliminates the free will aspect. They won't necessarily force you to do a career you don't want, but if your education has been directed that way from a young age, it doesn't give you a lot of other options.