Debt compromise may eliminate guaranteed Stafford loans

Graduate School Law School
1

<p>The debt compromise may eliminate guaranteed Stafford loans for graduate students and professional students starting on May 2012.</p>

<p>See Forbes article: [Debt</a> Ceiling Plans Take Aim At Graduate Student Loans - Janet Novack - Taxing Matters - Forbes](<a href=“http://blogs.forbes.com/janetnovack/2011/07/27/debt-ceiling-plans-take-aim-at-graduate-student-loans/]Debt”>Debt Ceiling Plans Take Aim At Graduate Student Loans)</p>

2

<p>It actually would remove the Federal government subsidy of the interest rate while in school. Instead of the interest being paid by the Feds while in law school, the interest would accrue and be added into the total debt.</p>