Do you have a student loan ?
Do you or your children plan to go to graduate school ?
If so, watch the news on Thursday...
NY Times
6/29/12
Editorial
The Deal on Student Loans
Quote:
<snip>
The eventual compromise, brokered by Senator Harry Reid, the majority leader,
requires companies to pay higher premiums for federal pension insurance.
It would also loosen requirements on how much companies would have to contribute to pension funds,
which would mean companies would take fewer tax deductions on those contributions.
Republicans won a provision that would limit the loan subsidies to six years for students pursuing bachelor’s degrees.
<snip>
This deal only lasts a year, which will mean another showdown next summer.
As it is, college students are already the victims of two other Republican-imposed cuts from last year.
They must now start paying interest as soon as they graduate,
instead of six months later, despite the rugged job market.
And, starting Sunday, subsidized loans will not be available to graduate students.
<snip>
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We may see Medical Schools offering the B.A. instead of M.D.'s
