To pay for that, graduate students who get federally subsidized loans would see the interest on those loans begin to accrue while they're still in school, beginning July 1 next year. Currently, that interest doesn't begin accruing until the students graduate. That saves lots of money for doctoral candidates, medical school students, law students and others in long-term graduate programs
So, we are going to give the money that would have went to these people seeking to better their education and retrain themselves to people who are most likely going to drop out of college anyway. Nice! This is a bad deal for people who have already gone through college, and are out there trying to get advanced degrees or post graduate degrees to find a job. Nice work, Obama. Now, as you struggle through grad school and live on ramen noodles and stale milk, Thank Obama, Reid, Pelosi, Boehner, and McConnell.
ht to Tax Prof Blog.
