What the Debt Ceiling Deal Means for Your Student Loans
Originally posted on Idealist.org The House and Senate passed the Budget Control Act of 2011 just ahead of the deadline, and President Obama has signed the act into law. Key student aid programs are largely intact, and I am relieved to report that the new law avoids some of the proposed cuts that would have hurt students the most. There are three main provisions in the debt ceiling deal related to higher education: Funding is provided for the Pell Grant program. The in-school loan interest subsidy for graduate and professional students is eliminated…
