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Released: August 02, 2011
Most students spared big cuts in debt bill
Source: Ron Lieber, N.Y.Times (Free Registration)
It could have been worse. Just a few days ago, it looked as if any bill to raise the debt ceiling would get rid of subsidized federal student loans. This is the feature that allows undergraduates and graduate students who qualify to pay no interest on their student loans while they are still enrolled more than half-time in their studies. The undergraduates were spared in the package worked out by the White House and Congressional leaders. But graduate students would no longer have access to the subsidy. See the last couple of pages of the debt ceiling agreement for the official language.Read Full Article: Most students spared big cuts in debt bill
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