During the debt ceiling debate on Capitol Hill, Congress cut $917 billion in programs and slashed federal funds across the board.
MU graduate students will feel the impact of these cuts almost immediately due to budget restrictions on federal loan programs. Graduate students who have taken out loans may now have to start paying their loans back while they are still in school.
“School is going to become increasingly expensive for many students across the country,” said Luke Russell, MU graduate professional council issues coordinator. “For some that might mean that it no longer remains a viable option. We seem to be living in a time when most everyone is tightening their already tight belts.”
To help reduce the national deficit, Congress made the decision to end funding for certain federal loan programs for graduate students. These federal subsidized loan programs allowed students to take out loans interest-free if they were paid back within six months of graduation.
Read the full story at The Maneater.
Like The College Fix on Facebook / Follow us on Twitter
Please join the conversation about our stories on Facebook, Twitter, Instagram, Reddit, MeWe, Rumble, Gab, Minds and Gettr.