UC

Graduate students may face added financial burden in debt ceiling deal

Graduate student Charlie Eaton, financial secretary for UAW Local 2865, expressed displeasure at the imminent elimination of subsidies for Stafford loan interest.
Derek Remsburg/Staff
Graduate student Charlie Eaton, financial secretary for UAW Local 2865, expressed displeasure at the imminent elimination of subsidies for Stafford loan interest.

Graduate student Megan Wachspress will begin her first year at Yale Law School next fall with a load of textbooks, materials and the added burden of increased interest payments for the federal student loans she has taken out to pay for her education. With the interest subsidy for the federally Read More…

UC

Federal bill cuts Pell Grants for about 100,000 students nationwide

Pell Grants will be cut for an estimated 100,000 students nationwide as part of a nearly $1 trillion federal omnibus appropriations bill passed into law Friday.Amid a flurry of end-of-year Congressional activity, President Barack Obama signed a legislative compromise that tightens eligibility requirements for Pell Grant recipients while keeping the Read More…

UC

Federal graduate loan subsidy eliminated in debt ceiling deal

Though undergraduate students who benefit from a federal grant program came out on top when President Barack Obama signed a last-minute deal to raise the national debt ceiling Tuesday afternoon, graduate and professional students throughout the country will start owing more on their loans. The debt ceiling deal preserves the Read More…