Status of subsidized Stafford Loans for graduates

Discussion in 'General Distance Learning Discussions' started by Pelican, Oct 12, 2011.

Loading...
  1. Pelican

    Pelican Member

    I read about potential plans to stop giving Stafford Loans to graduate students. Does anyone know if the Stafford Loan program is still offering subsidized loans to graduate students, or has the recent budget problems in the US created problems?
     
    Last edited by a moderator: Oct 12, 2011
    Pelican, Oct 12, 2011
    #1
  2. imalcolm

    imalcolm New Member

    Yes, you can still get the subsidized loans, at least until (I believe July 1 of) next year.

    I am currently attending graduate school online and I am receiving subsidized loans for this academic year (two six-month terms).
     
    imalcolm, Oct 12, 2011
    #2
  3. Michael

    Michael Member

    What happens on July 1 of next year? Do the subsidized loans end then?
     
    Michael, Oct 12, 2011
    #3
  4. Cyber

    Cyber New Member

    Yes subsidized loans end. That means tuition accrues on your student loans while you are in school, which is currently not the case now. The government will make more money from the student loans that you take out, and students will run out of money or "maxout" on the loans they can take out (you will reach the maximum loan money available fast). The best strategy to avoid excessive debt is to borrow only what is needed to pay tuition, and then at a minimum, pay accrued interests while in school.
     
    Cyber, Oct 12, 2011
    #4

Share This Page