Undergraduate > Graduate Loans

Ult2011
Sat, 17 Jul 2010 17:17:41 +0000

Thanks Cpt.

Paying them is indeed something I’m concerned about. But that is one reason I’m interested in how these caps impact graduate school. I feel that having a graduate degree would help put me into a more stable financial position in regards to paying back those loans.

I know that just recently, Congress passed the Health Care and Education Reconciliation Act of 2010 as part of the overall healthcare bill. It seems that with this bill, payments on students loans will be limited to 10% of income and the loans altogether will be relieved after 20 years (10 years if in public service). I’m not entirely familiar with the whole process of paying back loans prior to this legislation, but this change seems to be quite helpful?

Also, with institutional loans that you speak of. I wouldn’t think that these loans would relate to any sort of “cap” when it comes to applying for grad (especially if I don’t attend to same school for grad)? My main concern for this thread is if caps will prevent me from attending grad school at all.