Proposed Obama Budget Would Cut Loans for Graduate Students

Story here.  (Thanks to Fritz McDonald for the pointer.)

Of course, whether PhD students should take loans is a separate question, that we've touched on previously.   But it's one thing to decide not to take them, another not to even have the option.

UPDATE:  Ariela Tubert (Puget Sound) writes with a correction:

If I read correctly the link you have in today's post on Obama's budget and the cuts on loans for grad students, the proposed cut is not for grad students' ability to take out loans but for the government's subsidy of student loan interest while in grad school.  Your post seems to suggest otherwise.  The cut on subsidy is significant for students who took loans as undergraduates (even if they dont plan on taking any loans while in graduate school):  they would have to be paying interst on their undergraduate loans while in graduate school.  I assume that this will discourage students who have undergraduate loans from attending graduate school.  The article says the data indicates otherwise but I have trouble believing that's true, I had student loans from undergraduate and I may not have gone to grad school if I had to pay interest on my loans while in school....