Education Grad Students and Subsidized Loans

[jbriar]

As everyone probably knows by now, subsidized loans will most likely not be available for most graduate students this coming Fall. The text of the budget deal is here, which modifies the Higher Education Act here. You can search within the budget deal document for "graduate loans" and see that there is an exclusion clause for those seeking a teacher's certificate in the Higher Education Act. The exception is for those pursuing graduate study in order to become teachers in public schools. So, for those of us pursuing teaching certification, Federal subsidized loans will remain available.

Hopefully some good news for folks out there.

-J

ETA: Link fix.

Edited March 15, 2012 by jbriar

[emma1frost]

Really?? Wow!! That's amazing! Thanks so much for this information! I was really bemoaning the fact that grad students were losing subsidized loans!

[emma1frost]

Are you really sure about this? Because I have been getting conflicting information from the teacher certification schools I have applied to.

Is there an official memo from the government about this?

[jbriar]

All I know is what I'm able to read in the bill that passed. It seems fairly spelled out to me, but we'll see what happens come this Fall.

[emma1frost]

Hmmm, as I am applying for this summer semester, it might be too late for me by the time they figure it out. I will keep digging though. thanks.