This debt ceiling business is frustrating on so many levels...and there are many people with more expertise in economics and policy than myself talking about this. Don't worry, I'm not even going to bother.
BUT what I am personally bothered by is the fact that this new law eliminates subsidized student loans for graduate students, like yours truly, who are not "enrolled in a teaching credential or certification programs required by the state." Wow. So, for five years while I'm pursuing my PhD, I will have interest accruing from day one.
BUT what I am personally bothered by is the fact that this new law eliminates subsidized student loans for graduate students, like yours truly, who are not "enrolled in a teaching credential or certification programs required by the state." Wow. So, for five years while I'm pursuing my PhD, I will have interest accruing from day one.
Wasn't there a saying that school debt is "good debt?" Well, it seems like pretty terrible debt to have right now. And then, on top of it, there are articles about how prostitution among the educated is becoming a big business...precisely to pay for education...which I thought was supposed to make us wiser, but perhaps is only making students better able to adapt logic and intelligence to fool themselves.
What depressing news today. Escapism is not typically my preferred method, but today I'm really happy that I'm finally going to see Midnight in Paris. I need a little bit of distance from the harsh realities of the day.
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