With the new debt ceiling law, some benefits related to student loans are going to go away. No more subsidized loans for graduate programs, and depending on some other factors, interest rate incentives could also go away or not be offered at all.
I always tell people to think long and hard and literally do the math before applying to graduate school. For some degrees, it just doesn’t make sense to go into debt for a job you may never get. I was very fortunate to find a job in my field so quickly after graduation, but unless you’re getting a professional or technical graduate degree, it could just be a lot of time and a lot of money with little to show for it.
Advertisements
