Debt Ceiling "Deal" Will also Screw Over Students with Loans

Not surprising, since they don't loom large as relevant constituencies in a plutocracy.

(Thanks to Will Fleischer for the pointer.)

ADDENDUM:  Reader Ian Hensley writes:

I think your most recent blog posting on the debt ceiling deal's effect on student loans is a bit vague. My understanding of the ramifications for student loans is that graduate students who receive loans after July 2012 will not be able to receive subsidized loans. Instead, they will receive unsubsidized loans and will have interest accrue on them even while they are in school. However, graduate students with subsidized student loans disbursed while they were undergrads (a majority of philosophy grad students, I suspect--me included!) will not have interest accrue on their loans while they are in school because their loans were disbursed before July 2012. The changes only affect new loans. At least, I hope that is the correct understanding of the changes. 

While this might not be ideal, I don't think this change will affect most philosophy graduate students. It would only affect them if they are planning to take out new loans after July 2012 for graduate study.