Students to feel pinch in debt deal
Some students will start owing more on their loans while they’re in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade… The changes would take place July 1, 2012. For taxpayers, the savings taken from the pockets of students will total $21.6 billion over the next ten years, according to the Congressional Budget Office. For graduate students who qualify for the maximum amount of subsidized loans, it could tack several thousand dollars to the cost of going to school.
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by Jennifer Liberto, CNN Money.