So it appears that per our new federal debt deal, graduate students may no longer be able to obtain subsidized student loans to pay for grad school. In other words, if you take out a federal loan to fund your graduate studies, you will be charged interest during the time you are in school rather than having it accrue only once you've graduated. Long-term, then, graduate students will pay more in student loans than they currently are.
Hmm. I'm of two minds about this. First, I think graduate students get screwed enough as it is, between the lack of job training and the horrifying job market and the shift toward adjunct/temporary faculty in higher education. So this just seems like one more kick in the rear to anyone who decides to go to grad school without realizing all of the potential downsides.
On the other hand, though, I really oppose people taking out more than a nominal amount of student loans to pay for graduate study (I'm speaking from experience, here), so I'm having trouble getting too worked up about a change in policy that may prevent graduate students from taking out more and more student loans to fund their studies.