No more subsidized Stafford loans, correct?

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WhiteGuy5
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No more subsidized Stafford loans, correct?

Postby WhiteGuy5 » Fri Jan 06, 2012 10:36 pm

...for graduate/professional schools starting this year?

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TatteredDignity
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Re: No more subsidized Stafford loans, correct?

Postby TatteredDignity » Fri Jan 06, 2012 10:45 pm

Starting 2012-13 academic year.

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WhiteGuy5
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Re: No more subsidized Stafford loans, correct?

Postby WhiteGuy5 » Fri Jan 06, 2012 10:46 pm

0LNewbie wrote:Starting 2012-13 academic year.


Rubbish.

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MrPapagiorgio
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Re: No more subsidized Stafford loans, correct?

Postby MrPapagiorgio » Fri Jan 06, 2012 10:49 pm

What exactly does this mean in terms of loan availability? I am not familiar with the student loan process and am interested in how much of an impact this will have on students already enrolled in the program.

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anjmissy
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Re: No more subsidized Stafford loans, correct?

Postby anjmissy » Fri Jan 06, 2012 11:18 pm

it just means everyone must go through either unsubsidized loans (interest starting now), gradplus loans, or a private loan of some sort.

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TatteredDignity
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Re: No more subsidized Stafford loans, correct?

Postby TatteredDignity » Sat Jan 07, 2012 6:04 pm

WhiteGuy5 wrote:
0LNewbie wrote:Starting 2012-13 academic year.


Rubbish.


Not sure what your issue with this is. The elimination goes into effect July 1st, meaning spring and summer classes this year aren't affected.

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WhiteGuy5
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Re: No more subsidized Stafford loans, correct?

Postby WhiteGuy5 » Sat Jan 07, 2012 6:10 pm

0LNewbie wrote:
WhiteGuy5 wrote:
0LNewbie wrote:Starting 2012-13 academic year.


Rubbish.


Not sure what your issue with this is. The elimination goes into effect July 1st, meaning spring and summer classes this year aren't affected.


I'll be a 1L in the fall...meaning my class JUST missed the boat, making it that much more rubbish.

sidhesadie
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Re: No more subsidized Stafford loans, correct?

Postby sidhesadie » Sat Jan 07, 2012 8:37 pm

WhiteGuy5 wrote:
0LNewbie wrote:
WhiteGuy5 wrote:
0LNewbie wrote:Starting 2012-13 academic year.


Rubbish.


Not sure what your issue with this is. The elimination goes into effect July 1st, meaning spring and summer classes this year aren't affected.


I'll be a 1L in the fall...meaning my class JUST missed the boat, making it that much more rubbish.


Well your class only missed the boat for one year...it goes into effect for everyone regardless of when you started. My class' loans for this year (2011-2012) contain the subsidized portion, but all ours are unsubsidized for next year too. There's no grandfather clause for people who already 'started' a program. There are simply no subsidized loans for grad school beginning Fall 2012. For anyone. So it's not like you'd have gotten three years of subsidized loans by starting a year earlier.

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WhiteGuy5
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Re: No more subsidized Stafford loans, correct?

Postby WhiteGuy5 » Sat Jan 07, 2012 8:44 pm

sidhesadie wrote:Well your class only missed the boat for one year...it goes into effect for everyone regardless of when you started. My class' loans for this year (2011-2012) contain the subsidized portion, but all ours are unsubsidized for next year too. There's no grandfather clause for people who already 'started' a program. There are simply no subsidized loans for grad school beginning Fall 2012. For anyone. So it's not like you'd have gotten three years of subsidized loans by starting a year earlier.


I don't know where these huge presumptions about my misconceptions of the loans are coming from.

You had it for one year...I won't have it for any. It still sucks more for my class than the previous ones by the mere fact that we won't have it anymore, at all, for any period of time. Ever.

Would've been nice to have, but not that big of a deal. It's done. It's over. Let's drop it.




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